Just Listed: End Unit, Piggyback Townhouse for $355,000

Just Listed: End Unit, Piggyback Townhouse for $355,000

If a Braemar buyer is budget limited, but needs a two car garage, sometimes the only thing that works are the piggyback townhouses.  These are attached at the back and sides and are the only attached homes in our neighborhood with two car garages.

I am pleased to introduce you to 13036 Bathgate Way.  It hit the market on September 26th priced at $355,000.  Let me tell you a bit about it.

For starters, in this floor plan, whether in come in the west facing front door, or enter from the south facing garage, you enter into the basement.  Here you find finished space large enough for a living area, exercise equipment, or even a home office.  Of course, noticing the full bathroom on this basement level, you may want to make it a flex space with a pull out sofa for an easy guest space.

The main level is light and bright with an entire side of the home with south facing windows in the living room/den.

The dining room is an area with west facing windows, giving you a great view of the sunset from the dining room/kitchen area.

And cook will love the kitchen with plenty of Corian counter space, stainless appliances and gas cooking.  

Upstairs is where you will find the expansive master suite and adjoining spa-like bathroom.  It’s also where you will find two oversized townhouse bedrooms (10 x 12.)

Other conveniences about this home to keep in mind are: a bathroom on every level, upper level laundry and no yard to maintain.  All that, and basic cable/internet through RCN are provided as part of your HOA dues.

This is a spacious and bright place to call home, located in the Patriot High district.  It is not likely to last very long.  If you know someone who is interested, please share or have them get in touch with me for a tour.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Townhouse Report: July-August 2019

Braemar Townhouse Report: July-August 2019

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What gorgeous days we have had this week!  I’ve been out getting two new listings ready for market.  Time to sit back at my desk and bring up the rear of the Braemar Property Value Reports with the final in this series, the Braemar Townhouse Report.

This particular report focuses on traditional Braemar townhouse sales between the months of July and August.   Traditional townhouses, for the sake of this report, are three level townhouses, not condo ownership, with back yards.

There were were nine townhouses that sold during our current reporting period.  Final sold prices ranged from $260,000 to $379,000.  Quite a range of prices.  Here are the details of all nine sales:

Taking all of these most recent sales and combining them with the entire last twelve months of sales, we get updated six and twelve month data points which give us an idea what direction the market is heading.  Below are the updated six and twelve month  values:

Looking first at the sold price column, we find that both the six month average and six month median sold prices are above their twelve month respective values.  This means Braemar townhouse values are still increasing.

When we look at the seller subsidy, also known as closing cost help to buyers, we see that the amounts given in both the six month average and median were below the amounts in the twelve month counterpart.  Buyers are asking for less closing help to compete in this market.

Finally, when it comes to days on market (marketing time) we find another seller favored trend.  Both the six month average and six month median marketing times are below their twelve month comparative values.  This means Braemar townhouses have been selling even faster.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect to be under contract and well on your way to settlement in about three weeks.  You could also expect to give about 1% of the sales price in closing cost help.

The next Braemar Townhouse Report will be out in November.  Until then, if you have been considering selling your Braemar townhouse and moving up, give me a call and let’s talk market conditions and logistics.  Braemar real estate is what I know best.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2019 (Ryan Homes)

Braemar Property Value Report: July-August 2019 (Ryan Homes)

Another gorgeous fall day is upon us and I couldn’t be happier.  Today is property photo shoot day for a remodeled townhouse listing I have coming up.  And hopefully, tomorrow will be just as lovely for photos of an upcoming Braemar Piggyback townhouse that will also be hitting the market at the end of the week.

Before I head out for the days work errands, I figured I had time to get this Braemar Property Value Report out to you.  This particular report focuses on sales of single family homes built by Ryan Homes between July and August.  Let’s get right to it.

There were four Ryan Homes in Braemar that sold in our current reporting period.  I am so happy to have had one of those sales with sellers that listened to every bit of listing prep and reaped the rewards.  That sale highlighted below in pink.  For an older home with no exit in the basement, they got a great price and before they ever hit the market.  Here’s a list of all the Ryan Home sales during July and August.

Taking these four sales and combining them with the previous twelve months of Ryan Home sales, we get updated six and twelve month data points.  They are listed below:

Starting with the sold price category, we see that the six month average sold price is much higher than the twelve month average sold price.  When it comes to comparing the six month median to the twelve month median sold price, we still see an increase in value in the short term, but not as drastic as the average.  Either way, Ryan Homes are still increasing in value.

Unfortunately, another place where we see an increase is in seller subsidy, also known as closing cost help to buyers.  The six month average is a bit higher than the twelve month average seller subsidy.  However, the six month median seller subsidy is substantially higher than the twelve month median.  Buyers are requesting, and receiving more closing cost help in more recent sales.  My sellers at Hopper Lane were very fortunate to only have to give $200 as a repair credit.

Marketing time shows a trend sellers will love.  Both the six month average and median marketing times are below their respective twelve month counterparts.  This means Ryan Homes in Braemar are selling faster than they have been.

The next Braemar Property Value Report will be out in November.  Until then, if you fear you may have missed the top of the market this past spring with all the talk of recession, give me a call and let’s talk about what’s happening in our Braemar real estate market.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: July-August 2019 (NV Homes)

Braemar Property Value Report: July-August 2019 (NV Homes)

This fall weather feels delightful.  Soon, we’ll see the brilliant oranges, reds and yellows as the leaves turn.  In the meantime, I have another Braemar Property Value Report to share with Braemar home owners.  This one focuses on homes built by NV Homes in our neighborhood and covers sales from the previous two months.

There were two NV Homes that sold between the beginning of July and end of August.  The details of those sales are listed below.

Taking these two sales and combining them with the entire last twelve months of NV Homes sales we get updated six and twelve month data points.  These will give an idea of trends in our NV Homes values.

Starting with the sold price values, we see that both the six month average and median sold prices are above their twelve month average and median counterparts.  It’s only by about $3,000 in each category, but an increase nonetheless.  This means NV Home values in Braemar are still inching up.

Seller subsidy, also known as closing cost assistance from sellers to buyers, does not reveal a good trend for would be NV Home sellers in Braemar.  Both the six month average and median seller subsidy values have increased from their twelve month respective values.  This means that buyers of NV Homes have been asking for, and receiving, higher amounts of closing cost help in the more recent sales.

Days on market, or marketing time as I like to call it, does have a slightly encouraging trend that favors sellers.  The six month average and median marketing times are both below the twelve month average and median marketing times.  Buyer demand and lack of inventory is lending itself to much quicker marketing times.

If you placed your NV Home on the market, priced to current values, you could expect to be under contract in about two weeks.  You could also expect to pay about 2% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in November.  Until then, if you worry that you may have missed the action of this spring’s and summer’s market, give me a call and I’ll share the surprises found in the year end market.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2019 (Heritage Series)

Braemar Property Value Report: July-August 2019 (Heritage Series)

What’s not to love about a gorgeous fall afternoon?  At least I got to enjoy a bit of it before landing at my desk and typing up the latest Braemar Property Value Report.  This report focuses on the sales activity from July to August in the Heritage Series.  Heritage Series homes are 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.  The homes built by Coscan in Braemar North Gate are also included in this group, as they are similar in size.

There were two Braemar Heritage homes on that sold in the last two months.  Those sales are detailed below:

While most of my business is listing homes, there is about 25% of that comes from representing buyers.  The reason the sale on Noltland Castle is highlighted in blue is that I represented the buyer on that sale.  Listings that I sell that end up in this report are highlighted in pink.  I was delighted to get such a great deal on Noltland Castle for my buyers.  I had just sold a Waverly on Naughton Court for $536,000, which was better in the kitchen, but less in that it had one less full bathroom and it did not have an exit from the basement.  So if you ask me, my buyers got a great deal.  It certainly pays to have me on the listing side.

Taking these two sales and putting them with the last twelve months of Braemar Heritage home sales, we get updated six and twelve month data points.  Here’s what they are right now:

Looking first at sold prices, we see both the six month average and median sold prices are above their respective twelve month sold prices.  This means values of Heritage homes in Braemar is still inching up.  For how much longer?  I wish I had that crystal ball, but agents in the market can feel a shift coming.

Seller subsidy (a.k.a. closing cost help to buyers) is unchanged in the six month median compared to the twelve month median at zero.  Meanwhile, the six month average seller subsidy fell 10% below the twelve month average seller subsidy.  Buyers have been requesting less closing cost help to get under contract in the seller’s market we have been experiencing.

Days on market, or marketing time as I like to call it, shows a decrease in the six month values compared to their twelve month counterparts.  This means that Braemar Heritage homes have been selling even faster.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in about a week.  You could also expect to pay an average of about 1/2% of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in November.  Until then, if you are concerned about the talk you are hearing of impending recession, but were thinking of selling, call me to find out why the fall market is strong choice.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2019 (Courtyard Series)

Braemar Property Value Report: July-August 2019 (Courtyard Series)

Summer is behind us, which means we can take a look back at the Braemar Courtyard home sales for the months of July and August in this edition of the Braemar Property Value Report.  Before we get to it, if you don’t know what defines a Braemar Courtyard home, they are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Ballston and Clarendon.

There were five Braemar Courtyard home sales in the last two months, ranging from $427,000 to $440,000 in final sold price.  The details of those sales are as follows:

Taking these most recent sales and combining them with the entire last twelve months worth of Braemar Courtyard home sales, we get updated six and twelve month data points, which are the indicators that tell us what is happening in the marketplace.  Here are the updated values:

Looking first at the sold price column, it is good to see the six month average sold price is higher than the twelve month average.  The six month median sold price is nearly the same as the twelve month median sold price, but still a tad higher.  Braemar Courtyard home prices are continuing to push up in value.

The seller subsidy column (closing cost assistance to buyers) is not changing much when comparing the six month values to their respective twelve month values.  And the changes do seem to indicate that buyers are requesting, and getting, ever so slightly more in closing cost help in the more recent past.

Finally we come to days on market, or as I like to call it–marketing time.  The six month median and twelve month median are exactly the same.  The better news is that the six month average marketing time is shorter than the the twelve month average marketing time.  This means Braemar Courtyard homes have been selling faster.

If you placed your Braemar Courytard home on the market, priced to current conditions,  you could expect to be under contract and well on you way to settlement in no more than two and a half weeks. You could also expect to pay a little more than 1.5% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in November. Until then, if you are thinking of selling next spring, why not give me a call and learn the benefits of our fall market.  There are plenty of reasons I call fall, our second spring market and I am happy to tell you all about them.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

 

Braemar Property Value Report: July-August 2019 (Carriage Series)

Braemar Property Value Report: July-August 2019 (Carriage Series)

There is no question about it–fall is here.  Overcast, low temps and the hint that leaves are changing color.  With summer behind us, let’s take a look at the most recent Braemar home sales in the Carriage Series. If you don’t know what homes fall in the Carriages Series, 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 Carriage homes that sold in July and August.  The details of all three sales are listed below:

Oddly, the lowest sold price at $376,000 was the largest home, but it was a home that had been vacant for over five years and finally sold as a foreclosure.  The sale highlighted in pink was my listing, and for a three bedroom Carriage home, it got a fantastic price.

Taking these recent sales and combining them with the last twelve months of Braemar Carriage home sales, the updated six and twelve month values give us insight as to market conditions.  Below are the updated values.

Looking first at sold prices, we see that both the six month average and median sold prices are above their respective twelve month sold prices.  This means Braemar Carriage homes are still pushing up in value.

Seller subsidy, also known as closing cost assistance to buyers, is going down.  The six month average is below the twelve month average.  And the scant amount we saw in the twelve month median is now zero in the six month median.  Buyers are minimizing their closing cost requests to get under contract in this seller’s market.

Days on market, which I call marketing time, shows that both six month values are lower than their twelve month counterparts.  This means Braemar Carriage homes are selling faster.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect to be under contract and well on your way to settlement, in about two weeks.  You could also expect to pay less than 1% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in November.  Until then, if you have been considering the sale of your Braemar Carriage home, don’t under estimate our fall market.  There are still serious buyers out there and very little competition.  Give me a call to learn all about the advantages of our fall market.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com