Braemar Townhouse Report: September-October 2017

Braemar Townhouse Report: September-October 2017

Can you believe tomorrow is the first day of December?  The more holiday decorations I see going up around me, the more I realize I am not ready for the season.  The year end real estate market in Braemar has been hopping.  That’s been keeping me occupied and probably will be until next July.  I just have that feeling.

This is the latest edition of the Braemar Townhouse Report, detailing sales of traditional townhouses in Braemar for the months of September and October.  Did you know there were twelve townhouses that sold during those two months?  The details of the sales are listed below:

When we take these sales and throw them into our rolling six and twelve month values, here is what we find:

The short term sold prices (six month) compared to the long term sold price (twelve month) show that Braemar townhouse values are continuing to push up in value.  Seller subsidy (closing cost help to buyers) is down slightly, but it is really more stable than anything when you see the short term compared to the long term.  And the marketing time could not be more stable.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in one to two weeks.  You could also expect to pay an average of $3,700 in closing cost help.

The next Braemar Townhouse Report will be out in the New Year.  Can’t wait that long to find out what the value of your Braemar townhouse may be worth?  Give me a call.  I’m working through the holidays…always.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

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Braemar Property Value Report: September-October 2017 (Ryan Homes)

Braemar Property Value Report: September-October 2017 (Ryan Homes)

It is time for another Braemar Property Value Report, detailing sales of Ryan Homes in our neighborhood.  This particular edition focuses on the sales activity in the months of September and October.

There was only one sale of a Ryan Home and that happened in October.  Details are below:

When we place that sale in with our rolling six and twelve month values, here is what find:

Looking at the short term (six month) sold prices compared to the long term (twelve month) sold prices, we see that Ryan Home values are increasing.  We also see that seller subsidy (closing cost help to buyers) is decreasing in the short term.  Both of those are good news.  But wait, there’s more.  Marketing time in the short term is down.  That’s three point of good news for Ryan Homes in Braemar.

If you placed your home on the market, priced to current conditions, you could expect it to be under contract in a little over a week to three weeks time.  You could also expect to pay about $5,500 or $5,750 in seller subsidy.

The next Braemar Property Value Report will be out in the New Year.  Until then, when you want to see what the market value of your Braemar home is, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: September-October 2017 (NV Homes)

Braemar Property Value Report: September-October 2017 (NV Homes)

Did you make it to the Braemar Community Association Annual Meeting tonight?  If you didn’t, you missed your chance for some free food, a raffle to win valuable prizes…and of course the opportunity to be involved with your neighborhood.  As a Braemar Real Estate Agent, whenever I meet a new home owner in our neighborhood, I encourage them to get involved in our community HOA or a committee.  Not too many takers, but that won’t stop me from trying.

Anyway, it is time for the Braemar Property Value Report that focuses on the sales of NV Homes in our neighborhood between September and October.  Let me tell you, it is going to be a short report.  That’s because, no NV Homes sold during those months.

All is not lost.  When we drop the sales from September and October 2016, we get an updated look at our rolling six and twelve month values.

What we find in comparing the six month average and median sold prices to their twelve month counterparts is a mixed bag.  The short term average sold price is up.  The short term median sold price is down.  Since the changes aren’t all that big, let’s call it stability in home values.  Seller subsidy (closing cost assistance to buyers) is up in the short term.  There was an NV Home sale in the mix there that gave an outrageous amount of closing cost help and that is certainly tainting the six month seller subsidy values.  Best news is that marketing time is down, quite a bit in fact, in the six month average compared to the twelve month average.

The next Braemar Property Value Report will be out in the New Year.  Until then, if you are wondering what the market value of your particular home is, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: September-October 2017 (Heritage Series)

Braemar Property Value Report: September-October 2017 (Heritage Series)

Welcome to another edition of the Braemar Property Value Report.  This one details sales of homes in the Heritage Series during the months of September and October.  Before we get started, let’s specify what defines a Braemar Heritage Series home.  Heritage homes are the mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.  

There was quite a bit of sales activity during the last two months in the Heritage Series.  Here are the details of those sales.

You may notice that one of those sales is highlighted in purple.  That is a home I listed and sold.  It was the highest sold price of the reporting period.  Also the lowest marketing time at two days on the market.

When we freshen up our rolling six and twelve month average and median values, here’s what we find:

The six month average and median sold prices are higher than their twelve month counterparts.  That means Heritage home values are still pushing up.  Unfortunately, seller subsidy (closing cost help) is a little higher too in the short term.  Marketing time is stable short term compared to long term.

If you placed  your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in two to three weeks, maybe a tad longer.  (My two most recent Braemar Heritage home listings went under contract in eleven and nineteen days.)  You could also expect to pay about $5,000 in seller subsidy.

The next Braemar Property Value Report will be out in the New Year.  Until then, if you find yourself needing to list your property now, don’t panic.  Call me!  I work year round and LOVE the off spring market.  And Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

 

Braemar Property Value Report: September-October 2017 (Courtyard Series)

Braemar Property Value Report: September-October 2017 (Courtyard Series)

It’s time for another Braemar Property Value Report.  This one features homes in the Courtyard Series.  At the moment I have a fantastic Braemar Courtyard home on the market at 10119 Orland Stone.  It’s listed for $417,000. Take a look and let me know what you think.

If you didn’t know, Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

There were three sales of Courtyard homes in Braemar in September and October.  The details of each sale are listed below:

When we take these sales and put them in with our rolling six and twelve month values, here is what we find:

The final sales prices in the short term figures are higher than those longer term figures.  That means values of Braemar Courtyard homes are up.  Closing cost assistance (seller subsidy) and marketing time are very stable.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in two to three weeks based on these figures.  You could also expect a buyer to request some closing cost help.

The next Braemar Property Value Report will be out in the New Year.  Until then, keep me in mind when you are ready to list your Braemar home.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

Braemar Property Value Report: September-October 2017 (Carriage Series)

Braemar Property Value Report: September-October 2017 (Carriage Series)

The holiday decorations are popping up all over Braemar.  This is my favorite time of the year in Braemar.  Of course, this is the time of year my husband I fell in love with Braemar.  We were checking out the neighborhood one holiday night and were driving around Iona Sound.  The Carriage homes felt like homes you would find under a Christmas tree.  Still feel the same way today.  I love the Braemar Carriage homes.

This edition of the Braemar Property Value Report focuses on the sales of Carriage homes during the months of September and October.  In case you don’t know what defines a Braemar Carriage home, they are characterized by the lack of an attached garage. When these homes have a garage, it is detached and sits in back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were three Braemar Carriage homes that sold during our reporting period.  The details for these three sales are below.

When we take these sales and put them into our rolling six and twelve month values, what we find is this:

The short term sold prices are higher than the long term sold prices.  That means values for Braemar Carriage homes are still increasing!   Closing costs are a little higher in the short term, and unfortunately, so is marketing time.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in about three weeks time.  You could also expect to pay about $5,000 in closing cost help to your buyer.

The next Braemar Property Value Report will be out in the new year.  Until then, when you are ready to sell your Braemar Carriage home, give me a call for a listing agent that is as knowledgeable as she is passionate about your home and the neighborhood.   Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: September-October 2017 (Arista Series)

Braemar Property Value Report: September-October 2017 (Arista Series)

It was a great sight when I approached the stop sign at Broadsword Drive from Native Rocks Drive.  There, in front of me and to the left was an elegant, yet simply gorgeous display of Christmas lights on a Canterbury.  This particular home makes me smile every holiday season.   This may be the weekend that a lot of Braemar residents are indeed decorating for the Christmas holiday.  The various holiday displays definitely bring our neighborhood cheer.

Well, you may be ready for the holiday season, but I’m going to take you back to the months of September and October in this edition of the Braemar Property Value Report.  In this particular report, the focus is on Arista Series homes in the neighborhood,   Arista Series homes are the large, single family homes built by Brookfield Homes.  Floor plans include the Allister, Buckingham and Canterbury.

As does happen from time to time, there were no home sales to report in the Arista Series in September and October.  However, with our rolling six month and twelve month averages adjusted to have dropped any activity from September and October 2016, here’s what we find:

Only one sale makes up the six month values above.  Yeah, it is lower than the combined twelve month average and median sold prices, but don’t panic.  We need more information to determine whether or not we are gaining or losing ground.  When in doubt, I assume we are stable.

The next Braemar Property Value Report will be out in the new year.  Until then, I hope you all enjoy your holiday season.  As always, when you are ready to sell your Braemar home, call this neighborhood expert.  Since 2005, No One Knows Braemar Better.

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com