Braemar Property Value Report: March-April 2011 (Courtyard Series)

Braemar residents in Courtyard homes are not likely to see a coyote like one Braemar resident in the larger single family homes off of Tartan Hills Parkway did.  The chances of a coyote wanting to be a more densely populated area of the community, without the cover of wooded areas, are not good.  In fact, as a Braemar resident since 2005, I think the coyote sighting is a one time event, not likely to repeat, just like the average property value we see for Braemar Courtyard Series homes fro the months of March and April.

What’s a Courtyard Series home?  It’s one of three different floor plans that share a private pipe stem driveway and very small yards.  Floor plans include the Arlington, the Ballston and the Clarendon.

For the past two Braemar Property Value Reports, there has been only one resale in the Braemar Courtyard homes.  And this report is no different.  It’s not unusual to see fewer sales in the Braemar Courtyard homes because they make up a very small percentage of the homes in Braemar in general.  So with a relative handful of Braemar Courtyard homes in the overall neighborhood, the number of sales is likely to be equally sparse.

This time, the sale in the Braemar Courtyard homes was an Arlington model with four bedrooms and three and a half bathrooms.  It listed for $300,000 as a foreclosure and was in rough shape.  I toured it and i will say that any Buyer likely to purchase the home would need new flooring and paint throughout, and new appliances at a minimum.  So the fact that this Courtyard home sold for $305,000 should be not be alarming to Braemar Courtyard home owners.  However, because it is the only sale for the past two months, it is the new average property value for the Courtyard Series homes.  So don’t be concerned by the 14% drop since last report (January-Feburary 2011.)

If you had a Braemar Courtyard home in good condition, and priced it to current market conditions…which are still more like those represented by the last report, you could expect your home to be under contract in two months and pay an average of 2% of the sales price in closing cost help to the Buyer.

There is still a great buy in Braemar Courtyard homes in this listing off of Pentland Hills. It’s a Ballston model in great shape and a healthy sale.  It’s price has been reduced to $327,500!  It has three bedrooms, three and a half bathrooms, a nicely updated kitchen and a double decker composite deck…just to mention a few items.  You can see the listing for that Braemar Courtyard home by clicking this link.

The next Braemar Property Value Report will be out in July.  Until then, you can log on to my website:  www.nvarealestate.net, for average property values dating back to mid-2005.  Of course, if you are contemplating selling your Braemar Courtyard home, feel free to give me a call for your free, personalized market analysis.  Remember, no one knows Braemar better! 

Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, chrisann@LNF.com

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Other Braemar Property Value posts for the period of March-April 2011:

Arista Series (large single family homes built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)

Townhouse Report (townhouses separated into garage and no garage categories) 

Beware: Possible Coyote Sighting in Braemar

Yesterday (May 14, 2011) I received an email from a neighbor in Braemar.  She had seen what looked like a coyote at the traffic circle at Native Rocks and Tartan Hills Parkway.  She only got a glimpse and thought it was a stray dog.

Then, she looked out her front window the following morning and saw the same animal(She lives near the Native Rocks traffic circle.)  This time, she said she was certain it was a coyote.  Grayish in color and looking similar to a German Sheppard, but more wild.

Since we have fox in the neighborhood she did a quick internet search to make sure she wasn’t confusing the animal with a fox.  Indeed, the pictures of fox compared to those of coyote solidified her sighting. 

Upon receiving her email, I called the Prince William County Animal Warden to see if they would pick up the animal.  The Animal Warden will not pick up a wild animal unless it is injured or suspected to be rabid.  So in this case, the Animal Warden advised that anyone that notices this animal, as with any other wildlife, to stay away.  Do not approach the animal.  Keep your distance.

Coyotes can be dangerous to small animals such as cats and smaller dogs.  For the foreseeable future, it’s better to be safe than sorry with your pets.  Keep an eye on them when you let them outside.  And be aware of your surroundings when walking them.

Braemar Property Value Report: March-April 2011 (Carriage Series)

Braemar is brimming with anticipation.  The pools will be opening soon and schools letting out for summer vacation.  But before we get lost in our summer daydreaming, let’s take a look back at the resale activity for Carriage homes in Braemar during the months of March and April. 

As you may, or may not know, there are four models of Carriage homes in Braemarand they include the Maplewood, Norwood, Oakdale and Parkdale.  These homes are most notably distinguished by their lack of attached garage.  Some homes have a detached garage in the rear of the home, others do not.  At the time of construction, garages were an option, therefore an additional expense.

During the months of March and April, there were three Braemar Carriage home sales, each a different floor plan. The average of their sales prices gives us the average market value for a Braemar Carriage home of $325,000.  That’s almost a 10% increase since last report(January-February 2011.)  Look back to last year’s report, we see almost a 7% increase.  Of course, as Braemar Carriage homes have been in steady demand, even through the market downturn, this is not surprising. 

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect to be under contract in about six weeks time.  You could also expect a Buyer to ask for an average of 1.7% of the sales price in closing cost help.

The next Braemar Property Value Report for carriage homes in Braemar will be out in July.  Until then, you can log onto my website:  www.nvarealestate.net, if you are interested in seeing average market values dating back to mid-2005.  Simply click the link for the Braemar Property Value Report Online and scroll down to the Carriage Series.

Naturally, if you are thinking of selling yoru Braemar Carriage home I’d be happy to give you an idea of your home’s SPECIFIC market value at no charge.  This report gives you an idea of value, but for an accurate assessment of your own home’s value, give me a call.  Remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster

703-402-0037, chrisann@LNF.com

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Other Braemar Property Value posts for the period of March-April 2011:

Arista Series (large single family homes built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)

Townhouse Report (townhouses separated into garage and no garage categories) 

Braemar Property Value Report: March-April 2011 (Arista Series)

As the days in Braemar are getting warmer, you can feel that summer is just around the corner.  Won’t be long before the pools are open and school is out.  Before we start our summer daydreams, let’s take a look back at resale activity in March and April for Braemar single family homes in the Arista Series.  What’s an Arista Series home?  Brookfield Homes with the following floor plans:  Allister, Buckingham and Canterbury.

There were two resales during March and April; both Canterbury models.  That’s an improvement over last report’s (January-February) one sale.  The average of those two sales brings the average market value for a Braemar single family home in the Arista Series to $442,444.  That’s over a 4% increase since last report.  Since the same time last year, average market value fell 1.7%.

If you placed your Arista Series, Braemar single family home on the market and priced it to current market conditions, this report indicates that you could expect to pay close to 2% of the sales price in closing cost assistance to the Buyer.  You could also expect your home to be under contract in about five weeks.

The next Braemar Property Value Report will be out in July.  Until then, if you are contemplating making a move and want to investigate selling your Braemar single family home, please don’t hesitate to call. As a Braemar resident and Associate Broker with Long & Foster in Gainesville, I have the knowledge and skills you need to you sell your home…no matter your situation.  Remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTOR®

703-402-0037, chrisann@LNF.com

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Other Braemar Property Value posts for the period of March-April 2011:

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)

Townhouse Report (townhouses separated into garage and no garage categories)