Braemar Property Values, July-August 2009 (Heritage Series)

Braemar Property Values are in for July-August 2009 for the Heritage Series homes. What's a Heritage series home? That's easy. A Heritage Series home is one of the mid-size single family homes with attached garages, built by Brookfield Homes. They come in four models: Exeter, Zachary, Yardley and Waverly. Yardleys are by far the most commonly seen of the Heritage Series.

Braemar Property Value for the Heritage Series homes is an average of the sale for the prior two months. In this report (July-August 2009) there were three resales, all Yardley models. This brings the avearage Braemar Propery Value for Heritage Series homes to $363,000. That down over 15% from last report's average Property Value of $430,000.

If you are considering putting your Braemar Heritage Series home on the market you can expect it to be under contract in a little over one month, if priced to current market conditions. You can also expect to give a buyer an average of 1.5% of the sales price in closing cost assistance. Not unreasonable given that buyers were getting 3% of the sales price earlier in the year.

The next Braemar Property Value Report will be out in November. Until then, you can check average sales prices dating back to 2005 on my website: www.nvarealestate.net. Simply click the link for Braemar Property Value Report Online and scroll down to Heritage Series for those mid-sized home figures. It will look like this:

If you are thinking of buying or selling a Braemar home, give me a call. No one knows Braemar better!

Chris Ann Cleland, Realtor, Licensed in VA, Long & Foster

703-402-0037, chrisann@LNF.com