Braemar Townhouse Report: May-June 2013

Braemar Garage TownhouseBraemar Townhouse Report:  May-June 2013

Summer has been steamy for the most part in Braemar.   Growing up in Northern Virginia, I expect hazy, hot and humid in the summer, but some of the days in July felt like I was walking into a sauna when I left my home.  Made me want to rethink my work dress code and wear shorts and a light t-shirt while showing homes.  And I’ve shown a lot of homes this summer.

In May and June there were eight Braemar townhouses sold.  All but two had garages.  The high sold price was $298,000 and the low sold price was $223,721.  How’s that for an exact number?  The average of all the townhouses sold gives us our new average market value for Braemar townhouses of $273,465.  That’s over a 1.5% drop since last report, but nearly a 20% gain since last year.  Year to year, things are looking so much better.

Braemar Townhouse Report:  May-June 2013

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of less than two weeks.  You could also expect a buyer to request nearly 1% of the sales price in closing cost assistance.

The next Braemar Townhouse Report will be out in September and will detail sales from July and August.  Until then, if you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value.  I’ve been a Braemar home owner 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.com

www.NVARealEstate.netwww.SellingBraemar.com

 

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 (townhouse style condos)

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Braemar Property Value Report: May-June 2013 (Heritage Series)

Braemar Property Value Report:  May-June 2013 (Heritage Series)

Yardley in BraemarBraemar has been buzzing with activity since we hit spring.  Our real estate market is hot, hot, hot…not unlike our hot summer days.  In this report we’ll look at sales in the Heritage Series over the last two months.  If you don’t already know, Heritage Series homes in Braemar are mid-sized single family homes with attached two car garages and include the following floor plans:  Exeter, Yardley, Zachery and Waverly.

There were four sales in the Heritage Series in May and June.  Two Yardleys, a Waverly and one Exeter.  The high sold price went to the Waverly at $469,900.  The low sold price of $415,000, went to one of the Yardleys.  The average of all four sales gives us our new average market value of Braemar Heritages Series homes of $432,475.  That’s up over 3.5% since last report and up over 2% since last year. Good, steady increases.

Braemar Property Value Report:  May-June 2013 (Heritage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Heritage Series home on the market today, priced to current market conditions, this report indicates it would be under contract in under two weeks.  It also would not be out of the norm for a buyer to request an average of 1.5% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September and will detail sales from the months of July and August.  If you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  In 2007, I also added the distinction of being a Short Sale Agent.  No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com

 

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

__________________________________________

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)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Property Value Report: May-June 2013 (Courtyard Series)

Braemar Property Value Report:  May-June 2013 (Courtyard Series)

There’s something really depressing about a rainy weekend day in the summer.  It puts a halt to folks going to the pool and doing other outdoor activities they waited the entire week for.  What it doesn’t do is keep folks out of our Braemar real estate market. And let me tell you, the Braemar Courtyard homes saw a lot of activity over the last two months.  

Braemar Courtyard Home, Bristow, VA

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

It is really not at all unusual to go into one of these property reports with only one sale report.  It’s also not unusual to have none. Courtyard homes make up such a small part of the overall Braemar community, that their sales aren’t as common. However, we did see four sales of Braemar Courtyard homes over the months of May and June.  The highest sold price came in at $370,000.  The lowest at $331,000.  The average of all four gives us our new average market value of a Braemar Courtyard home of $357,750.  That’s over 13.5% up since last report and up a solid 4% since last year.

Braemar Property Value Report:  May-June 2013 (Courtyard Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Courtyard home on the market, priced to current market conditions, this reports indicates that you could have it under contract in about two weeks.  You could also expect a buyer to request an average of over 1.5% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September and will detail sales from July and August.  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, ChrisAnn@LNF.com

www.NVARealEstate.netwww.SellingBraemar.com

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

__________________________________________

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)

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

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Property Value Report: May-June 2013 (Carriage Series)

Braemar Property Value Report:  May-June 2013 (Carriage Series)

Hope that everyone in Braemar is enjoying their summer.  It’s been great pool weather.  With the heat and humidity being nearly unbearable at times, where else would you want to be?

Maplewood in Braemar, Bristow, VAThe spring real estate market took off like a rocket in Braemar and shows no sign of slowing down.  And as always, the Braemar Carriage homes were in high demand. That’s what this report focuses on–Braemar Carriage homes.

In case you aren’t sure what a Braemar Carriage home is, Carriage homes are 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 six Braemar Carriages homes that sold during the months of May and June.  The majority (three) were Oakdales.  There were also two Norwoods and one Maplewood.  The high sold price was $375,000 and the low sold price was $330,000.  If you guessed that the low sold price was the smallest model, the Maplewood, you’d be wrong.  I actually represented the sellers of the Maplewood and they sold for $345,000.  Surprisingly, it was an Oakdale, one of the larger models that sold for $330,000.  The average of all six sales gives us our new average market value of a Braemar Carriage home–$353,500.  That’s a bearly measurable decrease since last report (a little over $1,000,) but nearly an 8% increase since last year.

Braemar Property Value Report, May-June 2013 (Carriage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that it would be under contract in about two and a half weeks.  You could also expect a buyer to ask for an average of over 1/2% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in September  and will detail sales from July and August.   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.com

www.SellingBraemar.comwww.NVARealEstate.net

 

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

__________________________________________

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)

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

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

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Property Value Report: May-June 2013 (Arista Series)

Braemar Property Value Report:  May-June 2013 (Arista Series)

July in Braemar is usually plenty hot and humid.  And July hasn’t disappointed. It has been wicked hot and so humid you feel like you’ve walked into a sauna when you live an air conditioned home to step outside.  At least for now, we seem to be getting a respite from hot and humid.   It feels like spring outside as I write this.

Canterbury in Braemar, Bristow, VAThe Braemar real estate market continues to be hot.  This Braemar Property Value Report is focused on the Arista Series, or large single family built by Brookfield Homes which include the Allister, Buckingham and Canterburyyou feel like you’ve walked into a sauna when you live an air-conditioned home to step outside.  At least for now, we seem to be getting a respite from hot and humid.   It feels like spring outside as I write this.

There were no sales of Braemar Arista Series homes in May and June.  However, there were some sales of comparable homes built by Ryan and NV that sold in the neighborhood.  While not an apple to apples comparison to the Arista Series homes by Brookfield, it will give an idea of value until next report when we’ll have actual Arista sales to report.  The highest sold price of a comparable home was $525,000.  The lowest was $430,000.  The average of all seven sales was $472,187…really not far off last report’s Arista average of $475,000.  Still, if we took this number as a fill-in average, it would mark a slight decrease from report to report and over an 8.5% decrease since last year.  I don’t think we’ll see that as the case when we do see Arista homes hit the sold column next report.

Braemar Property Value Report:  May-June 2013 (Arista Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you used these NV and Ryan comps to predict seller subsidy and days on market, you could expect your home to be under contract in 8 days and for a buyer to ask for an average of just under 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September and will detail sales from July and August.  Until then, if you are thinking of 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.  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.com

 www.SellingBraemar.comwww.NVARealEstate.net

 

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

 

__________________________________________

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

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)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Condo Quarterly: April-June 2013

Braemar Condo Quarterly:  April-June 2013

Braemar Condo in Bristow, VA

To say the Braemar and surrounding Bristow real estate market have been hot this year is an understatement.  There is a serious shortage of inventory for the buyers that want to own property in our area.  Braemar condos are in major demand because of their price range.  They are great for first-time buyers.

The second quarter saw the same number of sales, two, as the first quarter.  The average sales price was up 4% since the first quarter which is great. High sales price was down 2% and low sales price was up 11.5% since the first quarter.  The average seller subsidy (closing cost assistance from buyer to seller) went up by 62%, which given demand, is surprising.  The average marketing time also went the wrong direction as what I was expecting, being 229% longer than it was in the first quarter.

Braemar Condo Quarterly:  April-June 2013

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed  your Braemar condo on the market, priced to current conditions, this report indicates it would be under contract in just over three weeks time.  From recent experience selling a Braemar condo this July, I can tell you that you could be under contract in less than one week if your home is in excellent condition.  You could also expect a buyer to ask for an average of 2% of the sales price in closing cost help.

The next Braemar Condo Quarterly will be out in October and will detail sales from the third quarter of 2013.  Until then, if you are contemplating the sale of your Braemar condo, call me for a free market analysis of your specific condo’s value.  I’ve been a full-time real estate agent and Braemar resident since 2005.  I’ve also been a Braemar Short Sale Agent since 2007.  No matter what your equity position, I can get you the most amount of money for your Braemar condo in the shortest amount of time.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com

 www.SellingBraemar.comwww.NVARealEstate.net

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

___________________________________________

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)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Condo Sold in Record Time and Above List Price

10024 Lord Lovat Way in Braemar sold for $241,000 on July 17, 2013.

Braemar Condo Sold in Record Time and Above List Price

In March 2009, I had the pleasure of closing 10024 Lord Lovat Way, a two bedroom, one bathroom, townhouse-style condo in Braemar as a Short Sale.  I was the Listing Agent at the time and represented the Seller.  The home sold for $154,000, but had been listed for $156,000.  The Buyer had her own agent.

Imagine my delight when that Buyer, now wanting to sell, called on me to list the condo.  Why not the agent that represented her in the purchase?  Her logic was that I had already sold the property once, so I knew it.  She’d also been following me in the Bagpiper and on the Braemar Residents Facebook group and knew that I was definitely the neighborhood expert.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037We listed the home on June 12th (2013) for $235,000.  Within a matter of days, we had two offers.  The Seller picked one and we were officially under contract on June 18th. There were no bumps in the road with home inspection, termite inspection or appraisal. Of course, the home was in outstanding condition with new carpet, fresh paint and an updated kitchen that included stainless steel appliances and Pergo flooring.

On July 17th (2013) this Braemar condo sold for $241,000.  That’s $6,000 above list price.  The Buyers were able to get $3,000 of their closing costs paid by the Seller, still netting the Seller $3,000 above list price.

If you are thinking of selling your Braemar home, call me for a free market analysis of your home’s value.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com