Braemar Property Value Report: July-August 2012 (Heritage Series)

Braemar Property Value Report:  July-August 2012 (Heritage Series)

I think this is my favorite time of year to be a resident of Braemar.  The temps are just right.  Not too hot, not too cool.  And  the leaves will soon be changing.  Before we start to enjoy the fall season ahead, let’s take a look back at the Braemar real estate market for the last two months of summer, July & August.  We’ll look at the sales of Heritage Series homes in this report.  Heritage Series homes are mid-sized single family homes with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly. For the sake of comparisons, we’ll be looking back at last report (May-June 2012) and last year (July-August 2011.)

There were three Heritage Series homes that sold during July and August.  Two Yardley and one Waverly.  The high sold price was $448,000 and the low sold price was $409,900.  The average of all three sales gives us our new average market value for a Braemar Heritage Series home of $429,300.  That represents nearly a 1.5% increase since last report and nearly an 11% increase since last year.  That’s great news!

If you placed your Exeter, Yardley, Zachery or Waverly home on the market, priced to current market conditions, you could expect it be under contract in an average of just over two months.  You could also expect a buyer to ask for an average of just over 2% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October.  Until, if you are interested in selling your Braemar home, call me for a free market analysis of your specific home’s value.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  In 2007 I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity I can help you get your Braemar home sold quickly and for the maximum amount of money.  And remember, no one knows Braemar better!

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



Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)