Braemar Townhouse Report: March-April 2017

Braemar Townhouse Report:  March-April 2017

After days of cloud cover and rain, I can honestly say that I would never last in the Pacific Northwest climate.  Sunshine is essential to my existence.  And I’m so happy to see the sun shining away in Bristow today.  Makes it very tempting to go outside and play hooky, but I’m not doing that.  Nope.  This Braemar Real Estate Agent knows that my fellow Braemar residents expect my market reports before the end of the month.  So here I am, putting out the last of May’s reports with the March-April edition of the Braemar Townhouse Report.

There were eleven Braemar townhouses that sold between the months of March and April.  The highest sold price was $358,500 and the lowest sold price was $250,000.  Throwing these eleven sales into our rolling six and twelve month averages gives us some good insight.

When looking at the more immediate market  (the six month values) and comparing it the longer term (the twelve month values) we see that Braemar townhouses are still going up in value.  Both the six month average and median sold prices are higher than the twelve month average and median sold prices.  It even looks as though the six month seller subsidy numbers are decreasing, but marketing time may be increasing.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in about ten to seventeen days.  You could also expect to give about $4,200 in seller subsidy.

The next Braemar Townhouse Report will be out in July.  At that point we’ll look back to sales from May and June.  Until then, when you are ready to sell your Braemar townhouse, give me a call at 703-402-0037 for a free market analysis.  Since 2005, No One Knows Braemar Better.

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: March-April 2017 (Ryan Homes)

Braemar Property Value Report:  March-April 2017 (Ryan Homes)

It is Memorial Day Weekend in Braemar and it makes me proud to see so many homes displaying the American flag.  Some of our neighbors going the extra mile and putting miniature flags around the periemter of their front yard.  What a nice touch, as we approach a day of remembrance for those military members who lost their lives in the line of duty to our country.

There isn’t much on the radar for this holiday weekend for this Braemar Real Estate Agent, except of course, keeping you informed about our Braemar real estate market.  In this edition of the Braemar Property Value Report we will look at the Ryan Homes sales activity from March to April.

There was only one Ryan Home that sold in our sampling period.  It was a Ravenwood model with two finished levels.  It listed at $484,000 and sold for $490,000.  It hit the market and was immediately under contract.   The sellers also gave $10,000 in closing cost help (seller subsidy.)

When we put this sale in with our rolling six and twelve month data for Ryan Homes, we see that Ryan Home values are on the rise.  The six month average sold price is quite a bit higher than the twelve month average sold price.  The six month median sold price is also quite a bit higher than the twelve month median sold price.  This is good news.    Looking at other six month data points to twelve month data points, we see that marketing time is increasing, as is seller subsidy.  These are not the figures you like to see increase.

If you placed your Ryan Home on market, priced to current conditions, you could reasonably expect it ot be under contract in about a month or forty days.  You could also expect that a buyer will request closing cost assistance in the range of $7,500 to $8,200.

The next Braemar Property Value Report will be in July and will focus on sales from the month of May and June.  Until then, when you want to know what your Braemar home is
worth, give me a call for a free market analysis.  Selling Braemar homes is my specialty and I would love to be of assistance.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

Braemar Property Value Report: March-April 2017 (NV Homes)

Braemar Property Value Report:  March-April 2017 (NV Homes)

The sun is shining brightly in Bristow today, after countless days of cloud cover.  That makes it a great day for me.  Even the sight of a rat snake in the road on Native Rocks Drive didn’t get me.  He’s needed some sun too.  Unfortunately, I think he also got hit by a car, because he wasn’t moving.

Braemar’s real estate market certainly is moving.  In this edition of the Braemar Property Value Report we are going to examine the sales activity of NV Homes between the months of March and April.

There were three NV Homes that sold between the beginning of March and end of April.   Their sold prices ranged from $528,400 to $570,000.  And as you can see, $570,000 was a sold price repeated twice.

When we take these sales and put them into our rolling six and twelve month values, we see that, while the average sold price for six months is a little bit lower than the twelve month average, the six month median value is a nice increase over the twelve month median.  Other increases in the six month values vs. twelve month values are not as welcome–higher marketing time and increase in seller subsidy (closing cost assistance.)

If you placed your Braemar NV Home on the market, priced to current conditions, it may take about a month and a half to get under contract.  These larger homes in Braemar aren’t getting snapped up quickly.  Often times, the higher priced homes take longer to sell than townhouses or smaller single family homes.  You may also find yourself paying around $7,400 to $9,500 in closing cost help.

The next Braemar Property Value Report will be out in July and will focus on sales between May and June.  Until then, when you want to know what your own Braemar home is worth, give me a call at 703-402-0037 for a free market analysis.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

Braemar Property Value Report: March-April 2017 (Heritage Series)

Braemar Property Value Report:  March-April 2017 (Heritage Series)

It is another gloomy day in Bristow, perfect conditions to do a Braemar Property Value Report and tell you what’s going on in the Braemar real estate market.  This report will look back to sales in the Heritage Series homes in Braemar for the months of March and April.  If you aren’t familiar with what type of homes make up the Heritage Series, they are he mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery & Waverly. 

There was only one sale of a Heritage home in Braemar between the beginning of March and end of April.  It was a four bedroom Exeter model, with three of those bedrooms being on the upper level.  It listed for $429,900 and sold for $430,000.  It was under contract in only two days and the seller gave no closing cost assistance.

Taking this sale and looking at how it falls in comparison to the six month and twelve month average and median sold prices, we find it falls above the last six months’values, but below the last twelve months’ values.   And when we compare the six month rolling values to the twelve month rolling values, we see average and median values in the last six months being lower.  Hopefully, this is not a softening of our market, but only future reports will be able to tell us that.  What we like to see is the average and median six month figures outperforming the yearly stats.

If you placed your home on the market, priced to current market conditions, you could expect that it may take two months to sell your home.  At least, that is what the six months median and average marketing times are telling us.  Or you could sell in two days like Runner Stone did.   You may also not have to give anything in closing cost help with the buyer demand being so strong.

The next Braemar Property Value Report will be in out in July and will focus on what happened in May and June.  Until then, when you are ready to sell your Braemar home, give me a call at 703-402-0037 for an free, expert market analysis.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

Braemar Property Value Report: March-April 2017 (Courtyard Series)

Braemar Property Value Report:  March-April 2017 (Courtyard Series)

Most days I wake up and pay no attention the weather report.  As I was getting ready to head to Wegman’s to put a few groceries, after placing a TOO LATE sign topper on a listing in Gainesville, I expected it to be sweltering.  I’m not really sure why.  I was pleasantly surprised to find it was in the low seventies on my thermostat.  Of course, with all the cloud cover Bristow has had lately, I’m not sure why I expected sweltering.  Maybe it’s because I’ve had my nose in the MLS looking at Braemar home sales during the months of March and April.

Today I am going to tell you about what’s happening with Braemar Courtyard home values.  Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

There were two Braemar Courtyard homes that sold between the beginning of March and end of April.  The high sold price was $415,000, just $5,000 over the other sale.  When you see the F/NE in basement, that means the basements were fully finished, but had no exit.  Amazingly, they were both under contract in only four days.  That’s unusual for Braemar Courtyard homes.

Both of these sold prices are at or above the six month and twelve month median and average figures.  That’s a good sign for Braemar Courtyard home values.  Even comparing the rolling six month average and median sold prices to the twelve month rolling values, we see that the more recent average and median figures are moving up from the yearly values.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in about a month’s time.  I know what you’re thinking.  I just told you these two most recent sales were under contract in four days.  Yeah.  I know.  But the six month average and median marketing times are probably more realiable for you to set your expectations.   You may also get away with not having to give any seller subsidy (closing cost assitance) to your buyer like these two sales as well, but you may get tapped for a little something like $2,600 or $3,000.

The next Braemar Property Value Report will be out in July and will detail sales from May and June.  Until then, when you are ready to  to sell, give me a call at 703-402-0037 for a free market analysis of  your Braemar home’s value.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: March-April 2017 (Carriage Series)

Braemar Property Value Report:  March-April 2017 (Carriage Series)

Another overcast weekend day is making for the perfect opportunity for this Braemar Real Estate Agent to update you on Braemar home values.  This particular report focuses on sales activity for Braemar Carriage homes in March and April.   Braemar Carriage homes 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 six sales of Braemar Carriage homes between the beginning of March and end of April.  

Two of the six sales were four bedroom homes, four of them were three bedroom homes.  The final sold prices ranged from $325,000 to $430,000.  It is a pleasure to have been the Braemar Listing Agent for the Carriage homes that garnered the highest sold prices.  The majority of these sales had garages and sold in about a week or less.

When we look at the rolling six month and twelve month rolling average and median sold prices, we find that six month average sold price is up from the twelve month average sold price, but the six month median sold price is down from the twelve month median.   The same holds true for seller subsidy.  All in all, Braemar Carriage home values are holding steady.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in anywhere from 8 days to 24 days.  You could also expect a buyer to request an average of about $4,000 in closing cost help.

The next Braemar Property Value Report will be out in July and will cover the months of May and June.  In the meantime, if you want to see how these sales have affected your home’s value, give me a call at 703-402-0037.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: March-April 2017 (Arista Series)

Braemar Property Value Report:  March-April 2017 (Arista Series)

Gray, overcast weekend days are perfect for getting things done.  In my world, being a full-time Bristow Real Estate Agent, that means taking time to run numbers for any one of my Braemar Property Value Reports.  This particular report focuses on March and APril sales in the Arista Series.  Arista Series homes are the large, single family homes built by Brookfield Homes.  The floor plans include the Allister, Buckingham and Canterbury. 

There was only one sale of a Braemar Arista Series home during the months of March and April.  It was a four bedroom, four and a half bathroom, three finished level Allister on a cul-de-sac lot.  It was located at 9535 Laurencekirk Place and listed for $499,000.  It was sold by an investor who had recently picked it up at the foreclosure auction and improved it with new carpet and paint.  It sold for $499,000 after only four days on the market.

When we put this sale in with our rolling six month and twelve month data, we see it is a low sold price compared the six and twelve month medians and averages. Unfortunately, when we compare the six month numbers to the twelve month numbers we find that the rolling six month average sold price is a little lower than twelve month average sold price.  And the rolling six month median sold price is shows an even larger loss compared to the rolling twelve month median sold price.  Let’s hope these falling values are not a continuing trend.

If you placed your Braemar Arista Series home on the market, priced to current conditions, the six month average and median marketing time suggests you would be under contract in a little less than one month.  You could also expect to shell out some seller subsidy, also know as closing cost help to the buyer.  The six month average and median numbers put that expectation anywhere between about $7,300 to $10,000.

The next Braemar Property Value Report will be out in July and will give us more recent information as we pull in May and June’s data into our rolling averages.  Until then, when you are ready to sell your Braemar home, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com