Braemar Property Value Report: January-February (Ryan Homes)

Braemar Property Value Report:  January-February (Ryan Homes)

Braemar’s real estate market has been hopping ever since the turn of the new year.  And in this edition of the Braemar Property Value Report we are going to take a look back at January and February sales activity of properties built by Ryan Homes in our neighborhood.

There were three sales to report from January to February:  

Taking a look at how these sales figures, compare with the rolling six and twelve month average and median prices we see that Ryan Homes in Braemar are ticking up in value.

Even looking at the more recent six month figures to the longer term twelve month figures we see the increase in average and median values.  However, the two sales that did give closing costs came in above the average and median seller subsidy figures noted in both the six and twelve month figures.

If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect it be under contract in about a month’s time.  Honestly, it may not even take that long to sell your home.  Buyer demand is very high and there really aren’t very many homes listed in our neighborhood at the moment.  One thing is for sure, odds are better than not that you will end up giving some closing cost assistance to your buyer.  Buyers still haven’t let up on their requests for seller subsidy.

The next Braemar Property Value Report will be out in May.  At that point we’ll be able to update our data with the sales that happen in March and April.  Until then, when you are ready to sell your Braemar home, call me for the best results.  Since 2005, 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.com

www.UncompromisingValues.com

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Braemar Property Value Report: January-February 2017 (NV Homes)

Braemar Property Value Report:  January-February 2017 (NV Homes)

Putting together Braemar Property Value Reports is something I have been doing since 2005.  And this cycle, I’ve retooled how I’m working my stats to be more true to average and median market values.  Good thing too, because in this edition of the Braemar Property Value Report for NV Homes, we have no sales to report.

You may be wondering what in the world I can tell you about properties built by NV Homes in Braemar when I have no sales to report for the reporting period of January-February.  Well, I decided to take a six month and twelve month rolling pool of data.  From there, I will be giving you sales price, closing cost and marketing time figures.  So even though there are no numbers to toss in for January and February, we have four other months in the six month numbers and ten other months in the twelve month figures.  Let’s just see how the shorter term (six month) is shaping up against the longer term (twelve month.)

Unfortunately, the six month median and average sales prices have taken a dive compared to the twelve month numbers.  Of course, our demand really picked up in January.  So since we have no sales of NV Homes to throw in the mix from January and February, we aren’t seeing what that demand has done to NV Home values.  My suspicion is that next time I present property value data for NV Homes we will see higher six month figures than twelve month figures.

If you placed your NV Home on the market, this report’s six month figures indicate it would be under contract in 75-84 days.  I don’t believe you would have to wait that long.  Remember, our data here is reflective of a slower fall market.  You may still have to give about $10,000 in closing cost help.  Despite the strengthening seller’s market, buyers seem unwilling, or unable, to pay for all their closing costs.

The next Braemar Property Value Report will be out in late May.  That’s when we will be able to throw March and April sales into the mix and see how we are trending.  Until then, when you are ready to sell your Braemar home, give me call for best results.  Since 2005, 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.com

www.UncompromisingValues.com

Braemar Property Value Report: January-February 2017 (Heritage Series)

Braemar Property Value Report:  January-February  2017 (Heritage Series)

One of the things I love most about my job is keeping Braemar home owners updated about the values of their property.  And that is exactly what I am about to do.  This particular Braemar Property Value Report focuses on Janaury and February sales in the Heritage Series.   If you aren’t familiar with what type of homes make up the Heritage Series, they are he mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery & Waverly. 

There was only one Braemar Heritage home to sell in the first two months of the year.  That home was a Waverly model with five bedrooms, three and a half bathrooms over three finished levels. It was also a foreclosure sale.  It listed for $499,900 and sold for $485,000.  No closing cost assistance was given and the home took, all told, 111 days to sell.  I have special insight into this home as it was listed as a regular sale with me before the bank foreclosed.  It was in desperate need of carpet and paint, but was one of the only true five bedroom homes in the neighborhood.  All five were on the upper level.  It had accumulated 99 days on the market with me from June to September, but only 12 days on the market as a bank owned listing.  Funny how buyers will percieve a bargain just because the bank owns it.  It sold for virtually the same price I had it listed.  Folks thought my seller was priced too high.

When looking at the six month and twelve month average and median sales prices, this sale of $485,000 was above all the numbers.  And it’s nice to see the six month median sales price above the twelve month median sales price.  That means values in the Heritage Series are increasing.

If you placed your Braemar Heritage home on the market, priced to current conditions, this report’s six month median and average marketing times indicate it would over two months to get under contract.  Please bear in mind, that number does not reflect the quick sales we have seen since we rolled into January.  We’ll see those marketing times decrease next report.  The closing cost assistance noted here, particularly in the six month median and average numbers, is indicative of what we were are seeing in the current marketplace.  Selling your Braemar Heritage home, you could expect to be asked for $2,000 to $3,200 in closing cost help.

The next Braemar Property Value Report will be in out in late May and will focus on what happened in March and April.  Until then, when you are ready to sell your Braemar home, give me a call.  Since 2005, 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