Another Braemar Short Sale SOLD!

Another Braemar Short Sale SOLD!

On June 5, 2012 this contemporary two bedroom, two and a half bathroom townhouse in the Highland Village sub-association of Braemar hit the market priced at $214,000.  It had a deck and fenced yard, but needed some TLC inside.  The carpets and paint needed to be freshened up after having been a rental property with a large dog.

A buyer found the home too good to pass up on June 10th and wrote an offer.  With two Short Sale Banks to approve the sale, the process began by getting the contract and supporting Short Sale documentation to each bank.  Just seventy-nine days later, both banks had approved the sale and it was time for the buyer to get their loan together, appraisal and inspections done.

This townhouse at 9817 Maitland Loop settled on September 24th for $216,000.  Yes…a Short Sale that sold a market value list price.  The buyer also received $6,480 in closing cost help.

If you or someone you know is contemplating a Short Sale, or a Traditional Sale, of their Braemar home, give me a call for a free market analysis of yoru specific home’s worth in today’s market.  I’ve been a full-time Bristow Real Estate Agent and Braemar home owner/resident since 2005.  I added the specialty of being a Short Sale Agent in 2007.  Working in all types of transactions helps me best represent my fellow Braemar home owners.  After all, when you sell, you are competing against every type of sale that is on the market.  And remember, no one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.SpeakingOfShortSales.comwww.NVARealEstate.net

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Braemar Townhouse Report: July-August 2012

Braemar Townhouse Report: July-August 2012

There appeared to be a big turn out for yesterday’s second annual Braemar Day.  And what a great day for it.  Blue skies, warm temps…but not too hot.  It’s always a good thing to see the residents of Braemar come together for an event.

We are officially out of summer, and that gives us the opportunity to look back at the Braemar townhouse market for July and August and see how properties are moving, and if prices are going up, down or staying stable.  When reporting sales activity for Braemar townhouses we’ll divide sales into two categories:  Townhouses with No Garage and Garage Townhouses.  We’ll make comparisons to last report (May-June 2012) and last year (July-August 2012.)

Let’s start with Townhouses with No Garage.  This category of Braemar townhouse saw five resales in the months of July and August.  The high sold price was $295,000 and the low sold price was $230,000.  The average of all five sold prices gives us our new average market value of Braemar Townhouses with No Garage of $251,380  That’s over a 10% increase in average value since last report and over a 2.5% increase in average value since last year.

If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect it to be under contract in less than one week.  You could also expect a buyer to ask for an average of slightly over 2% of the sales price in closing cost assistance.

There were four resales of Braemar Garage Townhouses in July and August.  High sold price was $297.990 and the low sold price was $254,000.  The average of all four sold prices gives us our new average market value for Braemar Garage Townhouses of $273,473.  That’s a 1.5% increase in average value since last report and slightly over an 8% increase in average value since last year.

If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in about three weeks.  You could also expect a buyer to ask for an average of less than 1% of the sales price in closing cost help.

There is definitely strong demand for Braemar Townhouses and values are continuing to improve.  If you want to investigate selling your Braemar townhouse, give me a call for a free market analysis of your specific home’s value in today’s market.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I added the distinction of being a Short Sale Agent in 2007 to my resume.  No matter what your equity position, I can get your Braemar townhouse sold for the maximum amount of money, in the shortest period of time.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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You can see the most recent property values in Braemar by clicking the links below:

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

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

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

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

Condo Quarterly (condos knowns as Barrhill at Inverness Village)

Braemar Property Value Report: July-August 2012 (Heritage Series)

Braemar Property Value Report:  July-August 2012 (Heritage Series)

I think this is my favorite time of year to be a resident of Braemar.  The temps are just right.  Not too hot, not too cool.  And  the leaves will soon be changing.  Before we start to enjoy the fall season ahead, let’s take a look back at the Braemar real estate market for the last two months of summer, July & August.  We’ll look at the sales of Heritage Series homes in this report.  Heritage Series homes are mid-sized single family homes with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly. For the sake of comparisons, we’ll be looking back at last report (May-June 2012) and last year (July-August 2011.)

There were three Heritage Series homes that sold during July and August.  Two Yardley and one Waverly.  The high sold price was $448,000 and the low sold price was $409,900.  The average of all three sales gives us our new average market value for a Braemar Heritage Series home of $429,300.  That represents nearly a 1.5% increase since last report and nearly an 11% increase since last year.  That’s great news!

If you placed your Exeter, Yardley, Zachery or Waverly home on the market, priced to current market conditions, you could expect it be under contract in an average of just over two months.  You could also expect a buyer to ask for an average of just over 2% 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, if you are interested in 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.  In 2007 I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity I can help you get your Braemar home sold quickly and for the maximum amount of money.  And remember, no one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.NVARealEstate.netwww.SellingBraemar.com

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: July-August 2012 (Courtyard Series)

Braemar Property Value Report:  July-August 2012 (Courtyard Series)  

The summer temperatures seem to be behind us here in Braemar as the chill of fall moves in.  There also seems to be a cooling down of our Bristow real estate market.  Let’s take a look back at resale activity in the Braemar Courtyard homes during July and August.  We’ll make our comparisons in value to last report (May-June 2012) and last year (July-August 2011.)  And if you aren’t sure what a Braemar Courtyard home is, it is one of three different models that share a private courtyard driveway and having very small yards.  Models include the Arlington, Ballston and Clarendon.

There was only one resale of a Braemar Courtyard home in the last two months.  That’s not unusual.  It was an Arlington model with five bedrooms and three and a half bathrooms.  It listed for $349,900 and sold for $345,000.  That sold price gives us our new average property value for a Braemar Courtyard home of $345,000.  That’s up less than 1/2 of 1% since last report and up over 13% since last year.

If you placed your Braemar Courtyard home on the market, priced to current market conditions, you could expect it to be under contract in less than three weeks.  You could also expect a buyer to ask for an average of 1.5% 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, give me a call for a free market analysis.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money.  And remember, no one knows Braemar better!

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

703-402-0037, www.NVARealEstate.netwww.SellingBraemar.com

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: July-August 2012 (Carriage Series)

Braemar Property Value Report:  July-August 2012 (Carriage Series)

The slight chill of fall is in the air in Braemar.  A slight chill has also hit our local real estate market, thought nothing major.  Let’s take a look and see how the Braemar Carriage home values held up in July and August.  We’ll make comparisons to last report (May-June 2012) and last year (July-August 2011.)  And in case you are not sure what a Braemar Carriage home is, it is characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all  Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

There were two Braemar Carriage home sales in July, none in August.  The high sold price was an Oakdale that sold for $350,000.  The low sold price was a Parkdale that sold for $325,000.  The average of these two sales gives us our new average market value for Braemar Carriage homes of $337,500.  That represents over a 3% increase since last report and less than a 1% decrease in value compared to last year.

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 three weeks.  You may not even have to pay any closing costs on behalf of the buyer.  Both sales this report had no closing cost help to the buyer.  That’s due in part to buyer demand and lack of inventory.  Buyers are writing the strongest offers they can to secure a home.

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 Carriage home, give me a call 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 added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time.  And most importantly…No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: July-August 2012 (Arista Series)

Braemar Property Value Report:  July-August 2012 (Arista Series)

It won’t be long before the leaves are turning in Braemar.  The air has cooled and the amount of daylight is decreasing each day.  It’s a nice change given the sweltering days we endured this summer.  The local real estate market seems to have cooled as well.  Let’s take a look back at the Braemar Arista Series resale activity during the months of July and August.  (Arista Series homes are the large single family homes built by Brookfield Homes and include the Allister, Buckingham and Canterbury floor plans.)  We’ll compare the activity to last report (May-June 2012) and last year (July-August 2011.)

Once again, there is only one sale of an Arista Series home to report, but that’s better than none.  The one that sold was a Canterbury with three finished levels, four bedrooms and four and a half bathrooms.  It listed for $410,000 and sold for $412,000.  Just like last report, with only one sale, we will use that number as our new average property value.  This means over a 20% decrease in value since last report, and nearly a 9% decrease since last year.

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 just over two weeks. You could also expect a buyer to ask for an average of nearly 2.5% of the sales price in closing cost help.

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 home, call me for a free market analysis of your specific home’s value in today’s market.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I’ve also been a Short Sale Agent since 2007.  I know our local market and how your home fits into it.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

The 2012 Braemar Doggie Paddle in Review

The 2012 Braemar Doggie Paddle in Review

I was able to stop by Braemar‘s 2012 Doggie Paddle this afternoon before Mother Nature unleashed fury on Bristow….no pun intended.  Everyone was having a great time, particularly the pooches.

The Braemar Doggie Paddle has become an annual event.  The weekend after the community pools close Braemar residents get to bring their dogs to the pool for an end of summer frolic.  The entrance fees of $10 went to benefit the Prince William SPCA.

Here are some photos I snapped of a handful of the four-legged participants.