Braemar Property Values: September-October 2011 (Carriage Series)

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Real Estate Agent with Long & Foster REALTORS®, Gainesville, VA VA License # 0225089470

Braemar Property Values:  September-October 2011 (Carriage Series)

Only two more months left in 2011.  Where did the time go?  More importantly, how's the Braemar Carriage home resale market doing?  This Braemar Property Value Report will take a look back at resale of Braemar Carriage homes during the months of September and October and let us know.

For those unfamiliar with Carriage homes in Braemar, they are smaller single family homes with a detached garage, or no garage at all.  They include the following floor plans in order from smallest to largest:  Maplewood, Norwood, Oakdale & Parkdale.

There were two resales of Braemar Carriage homes in the previous two months.  Both were the homes with the smallest, Maplewood, floor plan.  Normally, we see very few Maplewoods on our Braemar Property Value Report, so the values are a little skewed.  The high sold price was $324,900.  Low sold price was $290,000.  The average of these two prices gives us our new average market value for Braemar Carriage homes of $307,450.  This means a decrease of over 9% since last report (July-August 2011) and over a 7% decrease since last year (September-October 2010.)  Again, these are numbers that should not terrify any Braemar Carriage home owner.  Normally, Maplewoods do sell for less as they are the smallest of the Braemar Carriage homes.  And in reality, these are nice numbers to see for a Maplewood model.

This report indicates that if you placed your Braemar Carriage home on the market, priced to current market conditions, that you could expect it to be under contract in about five months.  That number is skewed by the exceptionally high days on market of 222 days and a high 75 days on the other.  The reality is that Braemar Carriage homes have always seen high demand and will be under contract quickly when priced well.  However, what this report does reliably tell us is that you could expect a buyer to ask for about 1% of the sales price in closing cost assistance.

The next Bramear Property Value Report will be out in January and will detail sales from November and December, so we'll be able to see how we ended the year.  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.SellingBraemar.com, 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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Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
Integrity Real Estate Group

Thanks for another nice update on what's happening in Braemar. 

November 04, 2011 06:00 PM
Rainmaker
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Anne Clark
Metro Referrals

Even though the average is down this report, it sounds as though when larger models sell next time around, the prices will be right back up.  Not bad.

November 04, 2011 06:28 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Cindy:  You know me...love keeping my finger on the pulse of my own neighborhood market. 

Anne:  That's my gut.  These are impressive numbers for the Maplewoods that sold.

November 04, 2011 06:46 PM
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Where did the time go is right. Somebody told me we're doing the switch from Day Light Savings this weekend. Wha? Where did summer go? But I guess if you're driving around Braemar looking at Maplewoods, you're also looking at maple trees and you know exactly what time of year it is.

November 04, 2011 09:59 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Elizbeth:  The leaves are definitely past their peak at this point.  Not so brilliantly colored as they are brown.

November 05, 2011 01:01 PM
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Chris Ann Cleland

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