Braemar Property Value Report: March-April 2021 (Heritage Series)

Braemar Property Value Report: March-April 2021 (Heritage Series)

Despite the gas shortage scare, it has been a very busy weekend in the world of Bristow real estate. Of course, what happened this weekend won’t be evident in my Braemar Property Value Reports for a few months. In the meantime, I bring you the latest edition of the Braemar Property Value Report for Heritage homes in our neighborhood. Heritage 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.

During the current reporting period of March and April, there were five Heritage homes that sold in Braemar. Details of those sales are listed below:

Every home above sold for more that its list price. You will also notice that none of them gave seller subsidy (closing cost help to buyer) and they all sold in a matter of days. That’s the current seller’s market for you. For more of a comparison, taking the entire past twelve months and parsing it out into six and twelve month data points you can see how our seller’s market in Braemar Heritage homes has developed.

Starting with the sold price column we see huge increases when comparing the six month values to their respective twelve month values. It is not at all unusual to see Braemar Heritage homes getting seven to ten percent above list price when they are well prepared and professionally marketed.

Seller subsidy shows zeros in all but the twelve month average. Taking a behind the curtain look at the twelve months worth of Heritage homes sales in Braemar, there were forty-one total. Only eleven gave seller subisdy. The last time we saw seller subsidy was in the fall last year. Buyers are having to forego seller subsidy requests in multiple offer situations just to have a shot at being accepted.

Days on market reveals already fast twelve month marketing times shrinking in the six month values. There is so much demand for houses in our area that as soon as they come active, they are gobbled up by the market.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it be under contract in a handful of days. You could also expect to give no seller subsidy and possibly even land a buyer that has absolutely no contingencies.

The next Braemar Property Value Report will be out in July. Until then, if you are ready to sell, get in touch with me to get your home well prepared and professionally marketed. That’s what creates the buyer enthusiasm lifting prices up to ten percent above list. No matter the market, preparation and marketing are key to getting the absolute max the market will allow. Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 
Associate Broker, Licensed in VA
Long & Foster Real Estate

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s