Another two months of home sales in Braemar is giving us the opportunity to reflect on property values in the neighborhood. This post will focus on the Heritage Series homes. This particular series includes the following models: Yardley, Waverly, Zachary & Exeter. They are what I like to call the "Mama Bear" homes built by Brookfield in Braemar.
There were five resales,all Yardleys, during the last two months. These sales brings us to our average sales price of $340,000. That's a huge change from last report's $294,000 (January-February 2009). A change I know we are all happy to see.
The average seller subsidy (closing cost assistance from seller to buyer) was about the same this report, $5,950 from the average $5,435 last report. As for the days that it takes to sell a Heritage Series home, the number has gone up. It is currently 150 days, up from 76 days last report.
Average sales prices last March & April were $391,983. That's only a 13.3% decrease for Heritage series homes year to year, compared toa a 27% decrease for single family homes in Prince William County as a whole.
You can see historical average sale prices in the Heritage Series homes by logging on to my website: www.nvarealestate.net. Simply click the link to the left for Braemar Property Value Report Online. Scroll down to the Heritage Series. You'll find average sale prices dating back to May and June 2005. The page you will find looks like this:
I prepare the Braemar Property Value Report in a hard copy format every other month. If you'd like to receive it in the mail, please contact me. In the meantime, if you need to sell your Braemar home, or know someone that is looking to buy in our community, please don't hesitate to call. No one knows Braemar better!
Chris Ann Cleland, Long & Foster, Realtor (licensed in VA), GRI, Short Sale Specialist
703-402-0037, chrisann@lnf.com
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 is a combination of photos from the Bristow, Gainesville & Haymarket areas, taken by Chris Ann Cleland.
What a valuable report for your consumers!!!! ---- very detailed. Nice job, Chris Ann.
Liz: I've been doing this report for four years now. It's the one thing folks always want to know...what their home is worth.
Great report for Braemar residents and soon to be residents.
Thanks, Pat. I have been doing these since moving to Braemar in 2005.
FOR INFORMATION ON BRAEMAR'S 2010 HALLOWEEN SPOOKTACULAR, CLICK THE LINK PROVIDED.
Like how these Braemar Property Value Reports have since evolved to include tables to show what happened last month and last year.
Anne: Thanks. I'm glad I retooled the reports too. Got to get busy getting September's (2011) together.