Braemar Property Value Report: March-April 2018 (Arista Series)
In client conversations, we are already talking about the end of the school year. That’s an important date on many buyer and seller timelines. Hard to believe it is just around the corner. The calendar seems to move much faster as you get older. Nothing you can do about it, but enjoy every minute, every hour, every day.
When the calendar hit May, my Braemar real estate brain had an alarm sounding. Time for more Braemar Property Value Reports. A lot of Bristow real estate agents may occasionally update you on market conditions, but not me. I’m your dedicated Braemar Real Estate Agent and I take keeping you apprised of your home’s value seriously. I know if I don’t take my job seriously, I won’t be on your mind when it’s time to sell your Braemar home. And while I’m great at market reports, I’m even better at selling Braemar homes.
This Braemar Property Value Report focuses on sales of the larger single family homes built by Brookfield Homes known as the Arista Series. Floor plans in this series are the Allister, Buckingham and Canterbury.
Two Canterbury model homes sold during the months of March and April. The details of those sales are listed below:
You can see that in black and white, these homes are not much different, even though the sold prices are vastly different. The locations in the neighborhood are quite a bit different. Lot can make a big impact on your home’s value. So can professional marketing of your listing. Even if you are lacking a desirable lot, professional marketing can bring you more money in that one and only chance you get to sell.
When we take these sales and put them with the rolling sales data for the last year, here’s what we find:
You can see the six month average and median sold price are both higher than the twelve month average and median sold price. It may not be by leaps and bounds, but these homes are continuing to inch forward in value. It’s not taking any less time to get under contract, but the closing cost help (seller subsidy) does seem to be coming down in the six month values.
If you placed your Braemar Arista Series home on the market, priced to current conditions, you could expect it to be under contract in as little as a month and a half. You may also sell without having to pay much of anything in closing cost help.
The next Braemar Property Value Report will be out in July. Until then, when you are ready to sell your Braemar home and need to maximize your profit, give me a call. Since 2005, No One Knows Braemar Better!
Chris Ann Cleland
Associate Broker-Licensed in VA
Long & Foster REALTORS®