Braemar Property Value Report: March-April 2018 (Carriage Series)

Braemar Property Value Report: March-April 2018 (Carriage Series)

Feel like you’ve moved to the Pacific Northwest?  Me too.  Cloudy, drizzly day after cloudy, drizzly day in Bristow is making me a bit stir crazy.  The good news is that the lawns and flowers in Braemar are thriving.  Thank goodness I don’t have any listing waiting for exterior pictures this week.

Rainy days are great times to do my Braemar Property Value Report.  This one details sales of homes in the Carriage Series between March and April.   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 eight Braemar Carriage homes that sold between March 1st and April 30th. The details of each sale are listed below:

The one highlighted in bright pink was my own listing.  While it isn’t the highest sales price, it is significantly higher than previous Parkdales with unfinished basements with no exits have gotten in their sold prices.

When we take these eight sales and freshen up our rolling twelve month pool of Braemar Carriage home sales, here’s what we find:

The six month average and median sold prices are higher than the twelve month counterparts.  That means Braemar Carriage home values are still moving up.  How much higher can they go?  Well, I do have some insight with one of my current listings that will sell at the end of May for a record for high sales price in the neighborhood.  You’ll have to wait for that one.  Meanwhile, seller subsidy (closing cost assistance) is lower in the six month average and median compared to the twelve month average and median.  Short terms marketing time frames are faster than they are when you look at the long term marketing time numbers.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in a few days or a week and a half.  You could also expect to pay out about one percent of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in July.  Until then, when you are ready to sell your Braemar Carriage home, give me a call to get the max the market will allow.  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: March-April 2018 (Arista Series)

Braemar Property Value Report: March-April 2018 (Arista Series)

In client conversations, we are already talking about the end of the school year.  That’s an important date on many buyer and seller timelines.  Hard to believe it is just around the corner.  The calendar seems to move much faster as you get older.  Nothing you can do about it, but enjoy every minute, every hour, every day.

When the calendar hit May, my Braemar real estate brain had an alarm sounding.  Time for more Braemar Property Value Reports.  A lot of Bristow real estate agents may occasionally update you on market conditions, but not me.  I’m your dedicated Braemar Real Estate Agent and I take keeping you apprised of your home’s value seriously.  I know if I don’t take my job seriously, I won’t be on your mind when it’s time to sell your Braemar home.  And while I’m great at market reports, I’m even better at selling Braemar homes.

This Braemar Property Value Report focuses on sales of the larger single family homes built by Brookfield Homes known as the Arista Series.  Floor plans in this series are the Allister, Buckingham and Canterbury.

Two Canterbury model homes sold during the months of March and April.  The details of those sales are listed below:

You can see that in black and white, these homes are not much different, even though the sold prices are vastly different.  The locations in the neighborhood are quite a bit different.  Lot can make a big impact on your home’s value.  So can professional marketing of your listing.  Even if you are lacking a desirable lot, professional marketing can bring you more money in that one and only chance you get to sell.

When we take these sales and put them with the rolling sales data for the last year, here’s what we find:

You can see the six month average and median sold price are both higher than the twelve month average and median sold price.  It may not be by leaps and bounds, but these homes are continuing to inch forward in value.  It’s not taking any less time to get under contract, but the closing cost help (seller subsidy) does seem to be coming down in the six month values.

 

 

If you placed your Braemar Arista Series home on the market, priced to current conditions, you could expect it to be under contract in as little as a month and a half.  You may also sell without having to pay much of anything in closing cost help.

The next Braemar Property Value Report will be out in July.  Until then, when you are ready to sell your Braemar home and need to maximize your profit, 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 Open House, Saturday, May 12th (2018,) 12pm-2pm at 12146 Millbill Court

Braemar Open House, Saturday, May 12th (2018,) 12pm-2pm at 12146 Millbill Court

Know someone looking for a home in our neighborhood?  Send them by my Open House at 12146 Millbill Court on Saturday, May 12th from 12pm-2pm.

Listed for $508,000, this four bedroom single family home has so much to offer, I am including  link to the original post about the home.  It is the most move-in ready Braemar home I have ever listed.  So much has been replaced or renovated in the last four years, it’s practically a new home.

Don’t let this one slip through your hands.  Take a peek at the virtual tour, and if you like what you see, come by this Saturday, May 12th between 12pm-2pm and see it in person.

Of course, if you have a Braemar home need that is not being met by this home, reach out and let me know what you need.  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

Four Bedroom Home on Cul-de-Sac Lot in Braemar for $508,000

Four Bedroom Home on Cul-de-Sac Lot in Braemar for $508,000

Every home has a story to tell.  Did you know that this particular home, at 12146 Millbill Court, was the fifth house built in Braemar?  Back then, Coscan was the builder, soon to be taken over by Brookfield Homes.  It is why some of the floor plans found in the older section of Braemar are not found elsewhere.  Brookfield Home tweaked a few, but developed their own floor plans.  This particular floor plan, a Chatham, was a Coscan design and is one of only twenty-one Chathams in the neighborhood.

Nestled on a tree lined cul-de-sac street, this home is ready for you to move right in.  The original owners have meticulously maintained everything about this home, with plenty of updates in the recent years.  We’ll get to those later.  Right now, I really want to just show  you about this fabulous home.

Formal living and dining rooms sit to the left of the large foyer entryway.  The living room is a much cozier feel, being one of the only carpeted rooms on the main level.  It is open to the dining room, accented by a bay window.

As you would expect, the dining room passes through the kitchen.  Once you enter the kitchen, the floor plan really opens up.

 

 

 

 

 

 

 

 

In addition to a lovely cooking space with granite counters/island and stainless steel appliances, the kitchen boasts a breakfast nook and is open to the family room.

The family room is sunken and has a soaring, vaulted ceiling.  There is even an overlook from the upper level hall.

Upstairs is a master suite, complete with a reading nook and attached luxury bathroom.

The remaining three bedrooms are down the opposite side of the hall.  Queen beds fit in them easily.  The upper level also is where the laundry area is conveniently located.

The walk out level basement is fully finished and includes a large recreation space, wet bar, den and full bathroom.

The outdoor space at 12146 Millbill is like an oasis.  It includes an expansive deck, concrete patio and lush lawn.

Since I can’t show you everything, here is a link to the virtual tour.  And as previously promised, here is a list of updates to this home done in the last four years:  New A/C unit, new roof, new gutters, new windows, new sliding glass doors, new hardwood floors, new carpet, interior and exterior paint, new deck, new appliances, new water heater, new humidifier, granite added to kitchen and bathrooms.  When we tell you this one is move in ready, we mean it.

If you would like to schedule a tour, call me.  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