Braemar Property Value Report: May-June 2016 (Arista Series)

Braemar Property Value Report:  May-June 2016 (Arista Series)

Summer is flying by, just like it seems to every year.  The good news is that in the flurry of activity, the Braemar real estate market is bustling right along as well.  In this edition of the Braemar Property Value Report , we will take a look back at the sales for May and June of Arista Series homes in our neighborhood.  Arista Series homes are the large single family homes built by Brookfield Homes.  The floor plans are:  Allister, Buckingham and Canterbury.

There were two Canterbury models that sold.  Oddly enough, they both sold on the exact same day–May 12th.  The high sold price was $570,000 on a Canterbury that included a loft.  The low sold price was $540,000 was a Canterbury without the loft.  The average of both sales gives us our new average market value for Arista Series homes of $555,000  That is over a 6% since last report.  Unfortunately, there were no sales of Arista Series homes in the same reporting period last year, so we have no year to year comparison.

If you placed your Arista home on the market priced to current conditions, you could expect it to be under contract in an average of just under one month.  You could also expect to pay an average of 1% of the sales price in closing cost assistance to the buyer.

The next Braemar Property Value Report will be out in September and will focus on sales from July and August.   Until then, when you are ready to sell your Braemar home, give me a call.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.UncompromisingValues.com

 

Statistics compiled using MRIS (Metropolitan Regional Information Systems.) 

Braemar Property Value Report: November-December 2015 (NV Homes)

Braemar Property Value Report:  November-December 2015 (NV Homes)

What a difference one single day can make.  I’m referring, of course, to the near fifty degree temperatures we enjoyed in Bristow today that provided a lot of melting for the snow accumulation left by Jonas.  There is grass, mulch and asphalt under that snow and we saw that today.  Hooray.  In my giddiness about the melting snow, I nearly forgot to post this Braemar Property Value Report regarding the last two months of 2015 sales for NV Homes in our neighborhood.  Simply put, NV Homes are the single family homes built by NV Homes in Braemar.

There were three NV Homes that sold in November and December.  The low sold price was $380,000 (that’s not a typo) and the high sold price was $555,000.  The average of all three gives us our new average market value of NV Homes in Braemar of $491,333.  Unfortunately, we have nothing to compare that average with.  There were no sales of NV Homes last report or last year.

If you placed your NV Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in an average of fifty days.  You could also expect to pay an average of nearly 1% of the sales price in buyer closing cost assistance.

The next Braemar Property Value Report will be out in late March and will detail sales from January and February.  In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.UncompromisingValues.com

 

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)