Braemar Property Value Report: January-February 2022 (NV Homes)

Braemar Property Value Report: January-February 2022 (NV Homes)

On this St. Patrick’s Day 2022, I bring you the Braemar Property Value Report for NV Homes in our neighborhood. This edition looks back to the sales from January and February 2022. We also will get the opportunity to get market trend info from our updated six and twelve month data points.

There was only one NV Home that sold in Braemar during the first two months of the year. Details are listed below:

Immediately my agent eyes go to the biggest stand out factor. This NV home sold for over $50,000 more than its list price. The buyer frenzy that had quieted a bit in the second half of 2021 is back. I’ve witnessed it with my own Listing Agent eyes. Let’s see what market trends can be deciphered from the updated six and twelve month data points, which include NV Home sales in Braemar going back to March 2021.

Starting first in the sold price column it is great to see both six month values higher than their respective twelve month values. NV Homes in Braemar continue to push up in value as we progress through this seller’s market.

Seller subsidy is where we find out how much closing cost help Braemar buyers were able to negotiate from the NV Home sellers. With only the twelve month average having a value more than zero at $153, the answer is very little. Looking at the raw data of the fifteen sales of NV Homes in the past twelve months, only one seller gave any seller subsidy at all.

Days on market, while two to three days longer in the six month values compared to their respective twelve month values, is nothing alarming. In general, NV Homes are selling very quickly.

If you placed your NV Home on the market, priced to current conditions, you could expect your home to go under contract in less than a week. You could also expect to pay nothing in seller subsidy as so many buyers are out competing for very little available homes.

The next Braemar Property Value Report will be out in May. In the meantime, if the need arises to sell your home, I would love the opportunity to consult with you. Selling in a seller’s market is not a guarantee of making the max the market will bear. Sadly, I see observe sellers leaving money on the table every time I log into the MLS. My listing process is one that never cuts corners or gets lazy, relying on market conditions to do the work for me. Preparation and professional marketing are key to creating the essential ingredient to max profit--buyer enthusiasm. Skilled negotiation comes into play when vetting multiple offers and working with the buyer you choose. Consultations are confidential and free. Reach out and let’s schedule a conversation. Since 2005, No One Knows Braemar Better!

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

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