Braemar Property Value Report: November-December 2011 (Carriage Series)

Braemar Property Value Report:  November-December 2011 (Carriage Series)

Happy New Year to my fellow Braemar residents!  Seems that 2012 is off to a good start, but I know that because I took the time this week to compile information about our Braemar real estate market.   Allow me to share that with you. 

For the purposes of this particular report, I will share stats on the Braemar Carriage home market for the last two months of 2011.   A Braemar Carriage home is characterized by the detached garage or parking spaces in the rear of the home.  There are four types of Braemar Carriage homes and they include, from smallest to largest the following floor plans:  Maplewood, Norwood, Oakdale and Parkdale.

There were two Braemar Carriage homes that sold between the months of November and December.  The high sales price was $$357,000.  The low sale price was $340,000.  Both were the larger Braemar Carriage home models.  One an Oakdale, the other a Parkdale.  The average of their sales prices gives us a new average market value for Braemar Carriage homes of $348,500.  That means over a 13% increase since last report (not surprising since all those sales were the smaller Carriage homes) and nearly a 15% increase since the same time last year.

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect it to be under contract in less than two weeks. You could expect a buyer for ask for a small closing cost contribution.

The next Braemar Property Value Report detailing Carriage home sales will be out in March and will details sales from the first two months of 2012.   Until then, if you are thinking of selling your Braemar Carriage home, get in touch with me for a free analysis of your home’s specific value.  Braemar Carriage homes are always in demand and I can help you sell yours quickly and for the maximum amount of money. 

As a Braemar resident and full-time Bristow real estate agent since 2005, and a Short Sale Agent since 2007, I can help you no matter what your equity position.  And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.SpeakingOfHomes.net, www.NVARealEstate.net

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

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You can see the most recent property values in Braemar by clicking the links below:

Arista Series(large single family homes built by Brookfield Homes)

Courtyard Series(executive style homes, five to a private driveway, Brookfield Homes)

Heritage Series(mid-sized single family homes, Brookfield Homes)

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly(condos known as Barrhill at Inverness Village) 

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Braemar Property Value Report: May-June 2011 (Carriage Series)

Summer is here and Braemar residents are having fun in the sun.  There’s no doubt our two Braemar swimming poolsare seeing tons of activity.  So is our real estate market.  With May and June behind us, let’s take a look at the resale market of Braemar Carriage homes. 

There are four models of Carriage homes in Braemar and they include, from smallest to largest:  the Maplewood, Norwood, Oakdale and Parkdale.  These homes are most notably distinguished by their lack of attached garage.  Some homes have a detached garage in the rear of the home, others do not.  At the time of construction, garages were an option, therefore an additional expense.

During May and June, there were seven Braemar Carriage home sales.  And in those seven homes, there’s nearly two of every model, except for one Maplewood sale.  The average of their sales prices gives us our new average market value for a Braemar Carriage home of $311,629.  That’s down over 4% since last report (March-April 2011), but down slightly over 2% since this time last year.

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect your home to be under contract in less than one month’s time.  That’s an improvement since the nearly one a half months wait we saw last report.  You could also expect a buyer to ask for an average of slight more than 1/2% of the sales price in closing cost help.

The demand for Braemar Carriage homes has always been high, despite the stumbles in market value.  So if you are considering placing your Braemar Carriage home on the market, call me for a specific market analysis of your particular home’s value. 

As a full time Bristow real estate agent since 2005 and a Short Sale Specialist since 2007, I can help you sell you Braemar Carriage home no matter your equity position.  And remember, no one knows Braemar better! 

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

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Other Braemar Property Value Reports for the time period of May-June 2011:

Arista Series (large single family homes built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Townhouse Report (townhouses separated into garage and no garage categories) 

Condo Quarterly (condos known as Barrhill at Inverness Village)