Braemar Property Values: July-August 2014 (Arista Series)
What a gorgeous fall season we are enjoying in Braemar. The leaves have not yet begun to show their colors, but the weather is great. And next weeekend will be time for Braemar Day. I hope to see you there with all your real estate questions.
With July and August behind us, it's time for another Braemar Property Value Report. This one focuses on the Arista Series homes. Those are the large, single family homes built by Brookfield Homes. The floor plans are: Allister, Buckingham and Canterbury.
There were two sales of Arista Series homes in Braemar in the past two months. One Canterbury with six bedrooms and five and a half bathrooms and the other an Allister with four bedrooms and four and a half bathrooms. They both ultimately listed for $585,000. Their sales prices were $575,000 and $565,000 respectively. The average of their sales prices gives us our new average market value for Braemar Arista Series home of $570,000. Since there were no sales last report, we have only the comparison to last year. In that year to year comparison, the average Arista Series home value is up over 8%.
If you placed your Allister, Buckingham or Canterbury home on the market, priced to current market conditions, you could expect it to be under contract in an average of twenty days. You could also expect a buyer to ask for an average of 1/2% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in November and will detail sales from September and October. Until then, if you are thinking of 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. I know our local market and how your home fits into it. No One Knows Braemar Better!
If you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group. While you're there, start a conversation with your neighbors or maybe even help a lost pet find its way back home.
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas, VA
The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.