Braemar Property Value Report: March-April 2021 (Ryan Homes)

Braemar Property Value Report: March-April 2021 (Ryan Homes)

Another gorgeous spring day in Braemar, another Braemar Property Value Report. This one looks at resales of houses built by Ryan Homes in our neighborhood for the months of March and April. Let’s get right to it.

During the current reporting period, there were five Ryan homes that sold. The details of those sales are listed below:

There is quite a difference between the lowest sold price and the highest. Ryan Homes offered a variety of floor plans that differed greatly in size. For the most part, the mid-sized Ryan Homes are what we see in our neighborhood.

Taking these five sales and combining them with the entire past twelve month of Ryan home sales, the six and twelve month data points are updated as reflected below:

The sold price column is always the first place we look . No surprise to find the six month average and median sold prices are about twenty-thousand dollars higher than they were twelve months ago. Ryan homes are still increasing in value.

Seller subsidy is where we find out what buyers were able to negotiate from sellers in terms of closing cost help. Zero is the answer in all but the twelve month average seller subsidy. The current seller’s market is so competitive for buyers that they must waive unnecessary requests just to have a chance of being chosen in a multiple offer scenario.

Days on market shows us how long it took to go under contract. Four days are the six and twelve month average and median marketing times down the column. Ryan homes are selling fast.

If you placed your Ryan home on the market, priced to current conditions, you could expect to be under contract in less than a week. You could also expect to not have to go seller subsidy as buyers compete to win your home. Buyers may also waive inspections, appraisal and even financing contingencies.

The next Braemar Property Value Report will be out in July. Until then, if you decide now is the time to sell, get in touch with me to make sure you are getting the absolute max the market will bear. Just about every house in a seller’s market will sell, but for how much? The highest sold prices are a result of being well prepared and professionally marketed. Those are my specialties. 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