Braemar’s First Annual “Braemar Day” Will Be Saturday, October 1, 2011

Braemar‘s First Annual “Braemar Day” Will Be Saturday, October 1, 2011

What started out in the now defunct Braemar Activities Committee as an Octoberfest, the Braemar Board of Directors took and made an event called Braemar Day.

Braemar Day will include live music, food, moon bounces, dunk tank and more.  It is a free event and exclusively for Braemar residents.

The first annual Braemar Day will be held at Clareybrook Park on Saturday, October 1  from 3pm-6pm.  If you need more information, call the on-site management office at 703-361-8785.  You can also inquire with the on-site management office about the Braemar Activities Committee.  Given the interest and volunteers, the Braemar Activities Committee could easily rebound.

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Braemar Townhouse Report: July-August 2011

Braemar Townhouse Report:  July-August 2011

Like it or not, Braemar residents are seeing the beginning of the fall season.  The kids are back in school, the pools are closed and there is a chill in the air.  It won’t be long before the leaves turn shades of gold, red and orange.  I for one love fall, but there’s something else I love more.  Rising property values in Braemar. 

Let’s take a look back at the Braemar townhouse market for the last two months of summer.  You’re going to like what you see.  As always, Braemar townhouses are divided into two categories for the purposes of this report:  Townhouses with No Garage and Garage Townhouses.

Bramear Townhouses with No Garage saw only one resale during the months of July and August.  That sales price of $245,000 now becomes the average market value for the No Garage Townhouses.  This means a 21% increase since last report (May-June 2011) and over a 12.5% increase in value since the same reporting period last year.

If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect your townhouse to be under contract in about one month.  You could also expect a buyer to ask for an average of about 2% of the sales price in closing cost help.

The demand seems to be for Braemar Garage Townhouses.  These homes saw seven resales during the months of July and August.  The average of those seven sales prices gives us our new average market value for Braemar Garage Townhouses of $252,986.  That’s over a 13% increase since last report and a nearly a 1/2% increase since last year.

If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect to have it under contract in a little over two weeks.  You could also expect a buyer to request an average of over 1.5% of the sales price in closing cost assistance.

The next Braemar Townhouse Report will be out in November and will take into account sales during the months of September and October.  Until then, if you are thinking of selling your Braemar townhouse, I’d be happy to give you an estimate of your home’s specific value in the market.  No matter your equity position I can help.  I’ve been a full-time Bristow real estate agent and Braemar resident since 2005, and a Short Sale Agent since 2007.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

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Other Braemar Property Value posts for the period of July-August 2011:

Arista Series (large 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)

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

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Value Report: July-August 2011 (Heritage Series)

Braemar Property Value Report:  July-August 2011 (Heritage Series)

Can you believe it’s already time to look forward to the Braemar Halloween Spooktacular?  Seems that it was just summer. Yet school has been in session for weeks now and fall is definitely here.  So with July and August behind us we can take a look back at the Braemar real estate market and see how the last two months of summer treated home owners in the Heritage Series.  Heritage Series homes are mid-sized single family homes in Braemar, built by Brookfield, that include the following floor plans:  Exeter, Yardley, Zachery and Waverly.

There were three resales of Heritage Series homes in Braemar during the months of July and August.  Two were Yardleys, the other a Waverly.  High sales price was $415,000.  Low sold price was $347,500.  The average of their sales prices gives us a new average market value of $387,500.  That’s an increase of over 12% since last report (May-June 2011) and an over 7.5% increase since the same reporting period one year ago.  This is news that should warm you up from that fall chill in the air.

 

What this report also tells us is that if you placed your Heritage Series Braemar single family home on the market, priced to current market conditions, you could expect to be under contract in a little over two weeks time.  You could also expect a buyer to ask for an average of just over 1.5% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October.  Until then, if you are thinking of selling your Braemar single family home, don’t rule out the benefits of the fall real estate market.  Decreased inventory and steady demand usually lead to higher home prices this time of year.  The end of one, and beginning of another Federal fiscal year is certainly a helpful factor in demand.

I am always available for a customized analysis of your specific Braemar home’s value.  I’ve been a Braemar resident and full time real estate agent since 2005.  I’ve also been a Short Sale Agent since 2007.  No matter what your equity position I can get your home sold in the shortest amount of time for the most money.  And remember, no one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

_________________________________

 Other Braemar Property Value posts for the period of July-August 2011:

Arista Series (large 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 (separated into garage and no garage categories)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Value Report: July-August 2011 (Courtyard Series)

The real estate market in Braemar is strong.  Demand is outpacing supply in our overall community.  However, Braemar Courtyard homes do not always benefit from the buyer demand.  And to understand why, one must first understand the unique features of a Braemar Courtyard home that require a specific type of buyer.

A Braemar Courtyard home is a one of three different models that share a private courtyard driveway and have very small yards.  Models include the Arlington, Ballston and Clarendon.

Unlike last report (May-June 2011) there was only one resale in the Braemar Courtyard homes for the past two months.  It was a Ballston model that listed for $327,500 and sold for $305,000.  As the Listing Agent for the property I can tell you that the sale is not indicative of what every Braemar Courtyard home owner would face.  To read specifically about what made this sale different, click this link.  For the purposes of this report, its sales price for $305,000 becomes the new average market value for Braemar Courtyard homes.  That means a decrease of nearly 5% since last report and a decrease of over 14% since the same reporting period this time last year.

 

This report will indicate that if you placed your Braemar Courtyard home on the market, priced to current market conditions, you would have it under contract in about five months.  However, given the situation that surrounded this particular sale, I think applying the days on market to other Braemar Courtyard home sales would be inaccurate.  The same may also apply to the lack of closing cost assistance since this was a rare cash buyer.

The next Braemar Property Value Report will be out in November and will detail sales from September and October.  Hopefully we will have more than one sale to report at that time.  Until then, if you are contemplating putting your Braemar Courtyard home on the market, feel free to call for a free customized analysis of your specific home’s worth.  As a Braemar home owner and full-time Bristow real estate agent since 2005, and a Short Sale Specialist since 2007, I can help you get top dollar for your Braemar home no matter your equity position.  And remember, no one knows Braemar better!

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

703-402-0037, www.NVARealEstate.net, www.SpeakingOfHomes.net

__________________________________

 Other Braemar Property Value posts for the period of July-August 2011:

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

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

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

Townhouse Report (separated into garage and no garage categories)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Value Report: July-August 2011 (Carriage Series)

Braemar Property Value Report:  July-August 2011 (Carriage Series)

Fall is settling over Braemar, bringing it’s chilled air and earlier and earlier sunsets.  We’ll be gathering at the annual Braemar Halloween Spooktacular before you know it.  Before summer is a distant memory, let’s take a look back at the Braemar real estate market, in particular, for Braemar carriage homes.  What we have to report here should warm you up a bit.

Before we jump right in, let’s go over what exactly a Braemar carriage home IS?  There are four models of Carriage homes in Braemar and they include, from smallest to largest:  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 July and August, there was only one Braemar carriage home that sold.  This is compared to the seven that sold in the previous reporting period of May and June.  That one sale, a Parkdale model–the largest of the carriage homes, listed for $349,900 sold for $340,000.  It’s sales price becomes our new average market value.  This means an increase of over 9% since last report (May-June 2011) and over a 14% increase since the same reporting period last year (July-August 2010.)

What this report of Braemar carriage home values tells us is that if you placed your Braemar carriage home on the market, priced to current market conditions, you could expect it to be under contract in less than two weeks time.  You could also expect that buyers competing for your home would result in you NOT having to chip for closing cost assistance.

The next Braemar Property Value Report for carriage homes will be out in November and will give us a recap of the sales activity during September and October.  Until then, know that the demand for Braemar carriage homes never seems to wan.  In fact, in the fall, we tend to see increased values as there are fewer homes on the market for buyers to choose from.  If you’d like to talk about taking advantage of Braemar’s fall real estate market, call me and I’ll give you a free analyis of your specific home’s value. 

As a Braemar resident and full time Bristow real estate agent since 2005, and a Short Sale Agent since 2007, I can help you sell you Braemar Carriage home no matter your equity position.  And remember, no one knows Braemar better! 

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

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

________________________________

 

Other Braemar Property Value posts for the period of July-August 2011:

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

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

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

Townhouse Report (separated into garage and no garage categories)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Value Report: July-August 2011 (Arista Series)

Braemar Property Value Report:  July-August 2011 (Arista Series)

There is a fall chill in the air when you step outside your Braemar home these days.  I’m sure it won’t be long before the leaves are turning bright shades of gold, red and orange.  The end of summer does allow us to take a look back at the Braemar single family home market for the months of July and August.  This report in particular covers property values for the larger single family homes in Braemar known as the Arista Series homes.  These include the following floor plans:  Allister, Buckingham and Canterbury.

Only one Braemar home in the Arista Series sold during the months of July and August.  It was a Canterbury model.  It listed and sold for $451,748.  This one sale becomes our new average market value for Braemar homes in the Arista Series.  That means over a 5% increase since last report (May-June 2011) and over an 8% increase since this same time last year (July-August 2010.)  And I think it is worth noting, this is the highest average sales price we have seen since May-June 2008

If you placed your Braemar Arista Series home on the market and priced it to current market conditions, this report indicates you could expect to have your home under contract in 4 days.  Clearly, demand for larger single family homes in Braemar is not an issue.  You could also expect a buyer to request an average of nearly 1.5% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in November and will cover the months of September and October.  Until then, if you are thinking of selling your Braemar home, please give me a call for a free market analysis of your specific home’s worth.  As a Braemar resident and full time real estate agent since 2005, and a Short Sale Agent since 2007, I can help you sell your Braemar home for the most money in the least amount of time no matter what your equity position.  Remember, no one knows Braemar better!

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

703-402-0037, chrisann@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

___________________________________

 Other Braemar Property Value posts for the period of July-August 2011:

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)

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

Townhouse Report (separated into garage and no garage categories)

Condo Quarterly (condos known as Barrhill at Inverness Village)