Braemar Property Value Report: Arista Series (May-June2008)

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

For those of you living in a Brookfield Arista Series home, this Braemar Property Value Report is compiled for you.

How do you know if you are in an Arista Series Home?  Your large, single family home, is the floor plan of a Canterbury, Buckingham or Allister.  If you're not sure, get in touch me with and I'll let you know.

There was only one sale of an Arista Series home in the last two months.  As the market has slowed, so have the resales of these large home.

The last sale recorded was on May 15th.  It was a Canterbury with 4 bedrooms, 3.5 bathrooms.  the final list price settled at $450,000, after lowering its price several times in the 406 days it spent on the market.  It was then that the home found a buyer that paid $455,000.  The sellers gave the buyer a $15,000 closing cost credit, making the net sales price $440,000.

Sadly, this home could have received a much higher sale price if the owners had been more realistic with their asking price a year prior.  The average sales price one year ago was $600,000 for an Arista Series home.  That a 24% decrease in value in one year!

What does this teach us?  It pays to hire a Realtor that is realistic about market price.  That KNOWS the market prices and trends.  Hiring someone that tells you what you want to hear can cost you thousands.

To see historical sale prices for sales within the Arista Series in Braemar, log onto www.nvarealestate.net.  Click the link to Braemar Property Value Report Online.  You will then be connected average sales prices, calculated every two months, going back to May/June 2005.  It will look like this:

If you'd like to receive a hard copy of this mailing every two months, please email me at chrisann@longandfoster.com.

No one knows Braemar better!

Posted by

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

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Topic:
Real Estate General Information
Location:
Virginia Prince William County Bristow Braemar
Groups:
Localism Success and Accountability Group
Tags:
braemar property value report
arista series
canterbury
allister
buckingham
realtor
braemar realtor
bristow
va

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Rainmaker
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Anne Clark
Metro Referrals

By the way, love your new photograph.

October 05, 2010 02:36 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Thanks.  I enjoy getting the information out to my Bramear neighbors every way I can.

As for the pic, thanks.  I like it a lot better too.

October 05, 2010 03:06 PM
Rainmaker
238,128
Pat Fenn
Marketing Specialist for CJ Realty Group/Cindy Jones Broker

Another report that shows your knowledge of the Braemar area.

October 05, 2010 08:24 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Pat:  Things have certainly changed since 2005 when I started these reports.

October 05, 2010 09:31 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

FOR INFORMATION ON BRAEMAR'S 2010 HALLOWEEN SPOOKTACULAR, CLICK THE LINK PROVIDED.

October 28, 2010 08:18 PM
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Chris Ann Cleland

Associate Broker, Northern VA
Email Me For a Free CMA of Your Home's Value
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