Dunbarton Duplex Report: March-April 2016

Dunbarton Duplex Report:  March-April 2016

Welcome to another edition of the Dunbarton Duplex Report.  In this edition we will look back at the sales activity for duplexes (attached single family homes) between the months of March and April.  We will have only our last report to ping back to for Dunbarton Duplex comparison.  As this is only our second report of duplex sales in Dunbarton, year to year comparisons were run strictly for the purposes of this report.

Just like the first two months of the year, there was only one Dunbarton duplex that sold between the months of March and April.  It was an Ayres model with a fully finished basement with a window well exit.  It sold for $344,000.  That sold price becomes our point of comparison for duplex values for this current report.  Compared to last report, it shows nearly a 13% jump in value.   Compared to last year, over an 11% increase in value.  Does that mean your Dunbarton duplex is worth 11% more than it was last year, or 13% more than it was last month?  No.  The sales last report had no basement, neither did the one last year.  That doesn’t mean your Dunbarton duplex hasn’t increased in value, but a larger sample of comparable sales would have to be made to determine your home’s value.

Dunbarton Duplex Report:  March-April 2016

Dunbarton Sign Fall 2015If you placed your Dunbarton duplex on the market, priced to current conditions, you could expect it to be under contract (according to this sale) in 150 days.  That may or may not actually be the case.  For instance, last fall I represented a buyer who was having a hard time finding a Dunbarton duplex to buy.  She snatched one up before it ever hit the market.  As for closing cost help, you might expect that you would give a little over 1/2% of the sales price in closing cost help.

The next Dunbarton Duplex Report will be out in July and will focus on sales activity for May and June.  Until then, when you are ready to sell your Dunbarton duplex, give me a call for a free market analysis of your specific home’s value.  We can also go Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037over my unique marketing plan that allows me to sell millions in Bristow real estate year after year.

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

To see the Dunbarton Single Family Home Report for March-April 2016 click the link.

 

Statistics compiled using MRIS (Metropolitan Regional Information Systems.)

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Dunbarton Single Family Home Values: March-April 2016

Dunbarton Single Family Home Values:  March-April 2016

It is time for another Dunbarton Single Family Home Value Report.  In this edition, we will focus on sales of single family homes in Dunbarton between the months of March and April.  Since this is only my second report in the series, we’ll only have reference to our Dunbarton Single Family Homelast report.  Data referenced for last year was run just for comparison’s sake, but does not exist in a stand alone report.

There were two single family homes that sold in Dunbarton between March and April.  One was a three bedroom, four bathroom Patuxent III with a finished basement that sold for $392,000.  The other was a four bedroom/three bathroom James Madison with a full, unfinished basement that sold for $420,000.  The average of both sales gives us our new average market value of $406,000 for a Dunbarton detached home.

Right off the bat, you have to realize that basements are not the norm for every Dunbarton single family home.  So when I tell that this new average market value is an 11% increase since last report, you have to bear in mind that many Dunbarton single family homes do not have a basement.  Our last report had five resales reported and two of them had no basement, two had unfinished basements.  So the comparison is not as broad a spectrum this report.  Compared to last year, however, values are up 6%.

Dunbarton Single Family Home Values: March-April 2016

If you placed your Dunbarton single family home on the market, priced to current conditions, you could expect it to be under contract in an average of 13 days.  You could also expect to pay an average of a little over 1% of the sales price in closing cost help to the buyer.

The next Dunbarton Single Family Home Report will be out in July.  Until then, when Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037you are ready to list your Dunbarton home, give me a call for a free market analysis of your specific home’s value and a discussion about what I will do to get your home sold.

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

To see the Dunbarton Duplex Report for March-April 2016, click the link.

 

Statistics compiled using MRIS (Metropolitan Regional Information Systems.)

Braemar Townhouse Report: March-April 2016

Braemar Townhouse Report: March-April 2016

The weather in Bristow is heating up just in time to coincide with the start of swim season.  This Memorial Day Weekend will likely be a busy one at our two Braemar 12164 Drum Salute Placecommunity pools.  Keep in mind that the pool at Iona Sound Drive is usually not as busy as the one off of Rob Roy Way, which is the one by the townhouses.

Speaking of townhouses, it is time for another Braemar Townhouse Report.  This one will focus on the activity in the months of March and April.  Let’s get to it.

There were six Braemar townhouses that sold between March 1st and April 30th.  The low sold price was $274,000 and the high sold price was $326,000.  Averaging all six sales, we come to our new average market value for Braemar townhouses of $298,033.  That marks a 6% increase in average market value since last report and over a 4% increase in average market value since last year.

Braemar Townhouse Report: March-April 2016

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of 25 days.  That average is being skewed by a townhouse in extremely poor condition that took 84 days to land a buyer.  I know it was in extremely poor condition because I showed it to one of my own buyers.   As for what you could expect to pay in closing cost help to the buyer, that would be an average of a little more than 1/2% of the sales price.

The next Braemar Townhouse Report will be out in July and will detail sales from May and June. In the meantime, when you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value.  My most recent Braemar townhouse listing at 12164 Drum Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Salute Place went under contract, after multiple offers, after only two days on the market.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (Ryan Homes)

Braemar Property Value Report:  March-April 2016 (Ryan Homes)

There has been a lot of activity in our Bramar real estate market in the last few 13625 Chapeltown Mews in  Braemarmonths.  In this edition of the Braemar Property Value Report we will look back at the months of March and April and see what happened with respect to homes built by Ryan Homes.

To begin with, there were six sales of houses built by Ryan Homes between March and April.  The low sold price was $417,000 and the high sold price was $499,000.  The average of all five sold prices gives us our new average market value for Ryan Homes of $440,150.  That marks more than a 1% increase in values since last report, but slightly more than a 4% loss in average market value since last year.   Please bear in mind that four of the five sales that occurred during this reporting period were smaller Ryan homes.

Braemar Property Value Report:  March-April 2016 (Ryan Homes)

If you placed your Ryan Home on the market, priced to current market conditions, this report indicates that you could expect to be under contract in an average of 79 days.    Again, two sales that occurred skew this number.   One home that sold in 244 days and another that sold in 126 days.  Those are way out of line with what you could normally expect.  It is more likely your home would be under in no more than three weeks.  Even that is a stretch if you are priced right and show well.  This report also shows that you could expect to pay an average of nearly 1.5% of the sales price in closing cost assistance to the buyer.

The next Braemar Property Value Report will be out in late May and will detail sales from Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the months of March and April. In the meantime, when you are ready to sell, call me for a free market analysis of your home’s value in today’s marketplace.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (NV Homes)

Braemar Property Value Report:  March-April 2016 (NV Homes)

Hopefully everyone in Braemar has their  pool passes ready for the opening of the community pools this weekend.  Memorial Day Weekend is always a busy time at our 9713 Lennice Way sols for $580,000 on April 29th (2016.)two community pools.  From the looks of Bristow’s extended forecast, it seems Saturday and Sunday are going to be ideal, sunny pool days.

When it comes to the Braemar real estate market, this may be the ideal time for a Braemar single family home owner to list.  We’re experiencing high buyer demand and not enough homes on the market to meet that demand.  Let’s take a closer look at what happened with NV Homes during March and April in this edition of the Braemar Property Value Report.

There were four houses, built by NV Homes, that sold in March and April.  The low sold price was $541,000.  The high sold price, of which I am proud to have been the listing agent , sold for $580,000.  The average of all four sold prices gives us our new average market value for NV Homes which is $556,250.  That represents a 4% increase in average market value since last report and a little over a 1% increase in average market value since last year.

Braemar Property Value Report: March-April 2016 (NV Homes)

If you placed your NV Home on the market, priced to current market conditions, you could expect your home to be under contract in an average of about two weeks.  You could also expect to pay about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July and will detail sales from the Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037months of May and June.  In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (Heritage Series)

Braemar Property Value Report:  March-April 2016 (Heritage Series)

In the next few days we will be seeing more motorcycles in the area as the annual Memorial Day Weekend tradition of Rolling Thunder nears.  Keep an eye out for Yardley in Braemarmotorcyclists when you are on the roads and keep a safe distance in traffic.

Before we head into the holiday weekend, let’s take this opportunity to go over the Braemar Property Value Report for Heritage Series homes in our neighborhood.  Heritage Series homes, for those who may not be familiar, are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly.  

There were five Heritage Series homes that sold in March and April.  The low sold price was $416,500.  The high sold price was $519,500.  The average of all five sales gives us our new average market values for Heritage Series homes of $453,200.  That is up 4% since last report and up nearly 8% since last year.

Braemar Property Value Report:  March-April 2016 (Heritage Series)

If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect that it would be under contract in an average of about a month and a half.  That’s information from March and April.  Already I am seeing with my own listings, these homes are hardly lasting two weeks right now.  You could also expect to pay a little over 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in late July and will detail sales from Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the months of May and June.  Until then, when you are ready to sell, give me and call and let’s talk about the value of your specific Braemar home.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (Courtyard Series)

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

The sun is shining and the birds are chirping today in Braemar.  What a pleasant day Braemar Courtyard Home, Bristow, VAafter so many gray and rainy days.  And if you are a Braemar Courtyard home owner, your day will be made even more pleasant by this Braemar Property Value Report.  If you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway and have extremely small outdoor spaces.  It is perfect for home owners who want a detached home, but not a large yard to maintain.  Models include the Arlington, Clarendon and Ballston.

There were three Braemar Courtyard homes that sold between the months of March and April.  Oddly enough, all of them were Ballston models.  The low sold price was $363,000 and the high sold price was $405,000.  Averaging all three sold prices, we get our new average market value for a Braemar Courtyard home of $386,000.  That is nearly a 6% increase in value since last report and an 8% increase in average value since last year.

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a little less than two months.  You could also expect to pay an average almost 2% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July and will detail sales from May Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037and June. Until then, when you are ready to sell your Braemar home, give me a call for a free market analysis.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

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