Braemar Property Value Report: September-October 2020 (Courtyard Series)

Braemar Property Value Report: September-October 2020 (Courtyard Series)

Seems I am usually scrambling near the end of the odd numbered months to get these Braemar Property Value Reports together. This month, I am definitely ahead of schedule. And what a great month to be getting an early start. It will leave time for Thanksgiving planning and holiday decorating.

Today’s Braemar Property Value Report focuses on the Courtyard homes in our neighborhood. Braemar Courtyard homes are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

During our current reporting period of September and October, only Braemar Courtyard home sold. The details of that sale are listed below:

Being a much smaller percentage of home styles in Braemar, it is not unusual to see sparse sales of Courtyard homes in any given time period. However, combining the current reporting period with the prior ten months of Braemar Courtyard home sales, we get an entire year’s worth of information that we can break into six and twelve month data points. This is what lets us know what’s been happening in the market.

Starting with the sold price column, we see healthy increases in the six month average and median values compared to their respective twelve month values. This means Braemar Courtyard homes have been gaining value in the most recent sales.

Seller subsidy is where we learn how much closing cost help sellers gave to buyers in their transactions. The six month average seller subsidy is down a good chunk of change compared to the twelve month average. Meanwhile, both median values are at zero. The latter means that in both sample sizes, more than half of the sellers didn’t give any closing cost help at all. Buyers are having to make extremely competitive offers to get under contract.

Days on market is the final column and where we learn how long it took for Braemar Courtyard homes to go under contract. The six month average was two days quicker than the already fast six days seen in the twelve month average marketing time. Both median values are in agreement at four days. Braemar Courtyard homes, like just about every home style, are getting gobbled up fast in this low inventory/high demand market.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in less than a week. You could also expect to give nothing in closing help.

The next Braemar Property Value Report will be out in January. Until then, I wish you every happiness the holiday season has to offer. If you find yourself with the need to sell between now and then, don’t hesitate to reach out and find out the benefits of our year end market vs. waiting for spring. 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
www.ChrisAnnCleland.com

Braemar Property Value Report: July-August 2020 (Courtyard Series)

Braemar Property Value Report: July-August 2020 (Courtyard Series)

As September is drawing to a close, as with every other odd numbered month, I find myself pressed to get out the latest Braemar Property Value Reports.  Whether you realize it or not, these are report compiled by me.  I don’t get a computer to dump values into a spread sheet.  Nope, I pull the sales, collect the data and prepare this reports for you.  That’s one of the reasons I am a Top Braemar Agent.

Today’s report is for Courtyard homes and looks back on the sales activity for July and AugustIf you aren’t sure what a Braemar Courtyard home is, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

There were three Braemar Courytard homes that sold during our current report period.  Final sold prices ranged from $450,000 to $495,000.  The details of those sales are listed below:

Taking these three sales and combining them with the entire previous twelve months of Braemar Courtyard home sales our six and twelve month data points are updated as seen below:

Starting with the sold price column we see that there is a healthy increase in the six month average and six month median values compared to their respective twelve month values.  This means Braemar Courtyard homes are increasing in value.

The seller subsidy column is where we get to see how much closing cost help Braemar Courtyard home owners have been giving in their transactions.  Obviously, in the three sales listed above, only one home owner gave closing cost help.  Looking at the six month average seller subsidy, it is slightly lower than the twelve month average seller subsidy.  That could indicate that buyers are asking for less.  However, the troubling stat is seeing that the six month median seller subsidy is $3,750 vs. zero in the twelve month median.  That means more than half of Braemar Courtyard home sellers have given something in closing cost help in the more recent sales.

When it comes to days on market, it is not a surprise to see the six month average marketing time has decreased compared to the twelve month average.  Meanwhile the six month median is still at four days, just like the twelve month median.  This means that Braemar Courtyard homes are selling super fast.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in less than a week.  You could also expect to pay about 1% of the sales price, or slightly less, in seller subsidy.

The next Braemar Property Value Report will be out in November.  Until then, if you want to take advantage of our peaking market and these high sales prices, give me a call.  Even in a seller’s market, professional marketing with an experienced agent is going to find you netting the absolute max the market will bear.  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: May-June (Courtyard Series)

Braemar Property Value Report: May-June (Courtyard Series)

Seems the only respite we get from the hot and humid weather  lately are thunderstorms.  Yesterday afternoon’s storm was certainly intense.  Seemed it was instant nighttime as I drove to Gainesville to show property.  The wind was so strong it was pushing my car into another lane of traffic.  Trees were flailing about and buckets of rain were falling out of the sky.  Did that stop us from house hunting?  No.  Inventory all over our area is scarce and buyer demand is high.  We hoped that the storm meant other buyers would sit the day out.  No such luck.  It’s a brutal market for buyers.

What’s happening in the world of Braemar Courtyard homes?  Today’s Braemar Property Value Report, focusing on Braemar Courtyard homes, will seek to answer that question.  If you aren’t sure what a Braemar Courtyard home is, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

While there were no new sales of Braemar Courtyard homes in the months of May and June, we do have a change to drop the sales from last May and June and freshen up our six and twelve month data points.  Updated values can be found below.

As you may recall, the last sale we had in our Courtyard Series Braemar Property Value Report was a Courtyard home on a more traditional lot.  That is the only sale represented in the six month data points.  Therefore, I’m hesitant to use its value as an absolute for current Courtyard home trends.

What I can tell you across most recent Braemar real estate sales is this:

  • Homes are increasing in value
  • Seller subsidy (closing cost credit to buyers) is shrinking
  • Marketing time is faster

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in two to three weeks.  You could also expect to give about 1.5% of the sales price in closing cost help, if you have to give any at all.

The next Braemar Property Value Report will be out in September.  Until then, if the time has come to sell your Braemar Courtyard home, give me a call for the most accurate market analysis of your home’s value in today’s strong seller’s 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: March-April 2020 (Courtyard Series)

Braemar Property Value Report: March-April 2020 (Courtyard Series)

Can you believe that Memorial Day Weekend is THIS weekend?  This shelter-in-place order for the pandemic has made it feel like time was standing still.  Obviously, nothing stops time.  And as it turns out, it takes more than a pandemic to stop our Braemar real estate market.

In today’s edition of the Braemar Property Value Report, the focus is on the recent activity in the Courtyard Series homes in Braemar.  If you aren’t sure what a Braemar Courtyard home is, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

As is typical for our two month sales reporting periods, there was only one Braemar Courtyard home that sold during the months of March and April 2020.  Courtyard homes make up such a small portion of homes in Braemar, it is unusual to see many of them selling in any one reporting period.  The one Courtyard home that sold, is detailed below:

To be honest, I struggled with putting this Courtyard model home sale in this report.  It is an Arlington model, but unlike the Courtyard homes set up around one courtyard, this home was a builder model and located on a much larger lot and set up like a typical Braemar single family home.  It has a private driveway and doesn’t share a courtyard entrance like every other Courtyard home.  However, because the floor plan is the same as the Courtyards, I came to the conclusion it belonged here.  Of course, the higher than typical sold price reflects the difference in lot set up.

Taking this sale and combining it with all of the previous Courtyard home sales in the last twelve months, we see the six month average and median sold prices are higher than their twelve month counterparts.  That’s great news and is what I’m seeing across the Braemar real estate market.  Property values are still rising.

Seller subsidy (closing cost assistance from seller to buyer) is lower in both six month values compared to their twelve month counterparts.  This means that in the more recent sales, Braemar Courtyard home sellers, on average, have been giving less in closing cost help.

Finally, when it comes to marketing time, we see mixed information.  The six month average marketing time has shortened by more than half of the twelve month average.  Meanwhile the six month median marketing time has increased a bit compared to the twelve month marketing time.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in less than two weeks.  You would also expect to give 1% to 1.5% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in July.  Until then, the big question on most home owner’s minds is whether or not the pandemic is affecting our real estate market.  So far, it is not having a negative impact.  We are still experiencing a seller’s market thanks to very low mortgage interest rates, the expansion of Micron creating thousands of jobs in our back yard, and of course, our proximity to the Federal government that is always thriving.

If you find yourself wanting to sell your Braemar home, give me a call and we’ll discuss how to safely sell your home while still maximizing your sales price.  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: January-February 2020 (Courtyard Series)

Braemar Property Value Report: January-February 2020 (Courtyard Series)

During this time of self-isolation, putting together my bi-monthly Braemar Property Value Reports is bringing me a sense of normalcy.  Even while there is not a lot of foot traffic in stores, restaurants are closed and traffic is minimal, there is still real estate business happening in the background.

This particular Braemar Property Value Report pertains to the Courytard homes in our neighborhood.  If you aren’t sure what a Braemar Courtyard home is, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

There were no Courtyard homes sold in Braemar during our current reporting period of January and February.  That doesn’t mean we don’t have updated six and twelve month data.  By simply dropping the months of January and Feburary 2019 and refactoring the numbers, I get the updated values below.

Looking first to the sold price column, we see a drop in value in both the six month average compared to the twelve month average, as well as the six month median from the twelve month median.  If no new sales bring up values in the coming months, this is not a good sign.  And with economic and safety concerns of COVID-19, who knows what our market is going to be facing.  We do know that Micron adding 8,000 to Manassas has been, and will continue to be, a major market force.

The seller subsidy column shows a better trend than the sales price column.  Both the six month average and six month median values were below their twelve month counterparts.  This means that buyers were having to lower or not request closing cost help to get their offers accepted in the times we were experiencing of limited inventory.

Finally, days on market shows that marketing time has gone up in the six month values compared to their respective twelve month values.  We’ll have to see what happens as market lives through COVID-19 and beyond.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to take no more than one month to get under contract.  You could also expect to may about one half of 1% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in May.  By then we will be well into whatever COVID-19 is going to bring to our area.  Given the low interest rates and expansion of Micron, I suspect our demand will remain strong.  If you find yourself in a position to sell, give me a call for a free analysis.  No matter what, I’m here to help you maximize your Braemar home’s profit.  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: November-December 2019 (Courtyard Series)

Braemar Property Value Report: November-December 2019 (Courtyard Series)

As we get further into January 2020, I am still putting together Braemar Property Value Reports for my fellow home owners in Braemar. Today’s report is the Courtyard Series and focuses on sales of Courtyard homes in November and December 2019.  If you aren’t sure what a Braemar Courtyard home is, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

There were two Braemar Courtyard homes that sold in the last two months of 2019.  Their final sold prices were $395,000 and $439,000 respectively.  The details of those sales are listed below:

Combining those two sales with the entire twelve month of sales from 2019, our six and twelve month data points are updated as seen below:

Starting with the sold column, we see that both the six month average and six month median values are below their respective twelve month values, but not by much.  And being that one of the sales from the year end had a value above all of these average and median values, and the other fell below them all, I would consider the values of Braemar Courtyard homes stable right now.  Time will tell if we continue to climb up in value.

Seller subsidy (closing cost assistance to buyers) does not bear out a favorable trend when comparing the six month average and median values to their twelve month counterparts.  The six month values are both above the twelve month values.  This means that buyers in the last six month have been asking for, and receiving, more closing cost help.  However, it is important to note that the last two sales of 2019 show seller subsidy figures below what is noted in the six month average and median.  If future sales follow the trend set by these two sales, the seller subsidy figures will be soon be falling.

Finally we come to days on market, or what I call marketing time.  The six month average and median values, in comparison to their respective twelve month values, shows that in the last six months, average marketing time has increased a bit.  Again, the last two sales of 2019 show marketing times below the six month average and median marketing times.  If future sales follow suit, this will be another value ripe for favorable change.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a little over a week to a little over three weeks.  You could also expect to pay an average of about 1.5% of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in March.  Until then, if you have been thinking of selling your Braemar home in the 2020 spring market, please realize that real estate spring comes a lot quicker than Mother Nature’s spring.  The time to get started is now.  Give me a call and let’s go over how you can maximize your profit in this 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: September-October 2019 (Courtyard Series)

Braemar Property Value Report: September-October 2019 (Courtyard Series)

The holidays are approaching and we’ll be ringing in 2020 before we know it.  Predicting what will happen in our future real estate market involves an examination of what has happened in the more recent past.  Today I am here, yet again, to do exactly that with another Braemar Property Value Report.  This edition features sales of Braemar Courtyard homes during the months of September and October.  Braemar Courtyard homes 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 was only one sale of a Braemar Courtyard home during this two month reporting period...not at all unusual being that Courtyard homes make up such a small percentage of the homes in Braemar.  The details of that sale are listed below.

Even though there was only one sale during our current reporting period, when combined with the entire last twelve months of Braemar Courtyard home sales, the updated six and twelve month value points are where we determine market trends.  Here are our updated average and median values.

Looking first at the sold price column, we see that both the six month average and six month median sold prices are both above their respective twelve month sold prices.  This means that the most recent sales still have Braemar Courtyard homes pushing up in value.

When it comes to seller subsidy (closing cost help to buyers,) what we find is that buyers in the more recent sales (last six months) are getting more in closing cost help than when we average out the entire twelve months of sales.  The only thing encouraging here is that the sale from this current reporting period gave nothing in closing cost help.  Hopefully that is a situation that repeats in upcoming Courtyard homes sales, reversing the increase in seller subsidy trend we are seeing here.

Finally, days on market shows stability in the six month median marketing time to the twelve month median marketing time.  Better news is that the six month average marketing time is less than twelve month average marketing time.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect to be under contract within one to three weeks.  You could also expect to pay bout 2% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in January.  Until then, I wish you every happiness this holiday season.  And always, if the need arises for you to sell your Braemar home, don’t hesitate to give me a call.  No matter the season, I am here to get you the most money from the sale of your home.  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: May-June 2019 (Courtyard Series)

Braemar Property Value Report: May-June 2019 (Courtyard Series)

It’s finally beginning to feel like summer.  Sure it has been sunny and hot, but that’s not what I mean about feeling like summer.  To this Top Braemar Listing Agent, feeling like summer means the real estate market starts to slow down a bit.  And sure enough, this is the first full week that I have not been booked day in and day out.  Summer vacation season is upon us, which means the real estate market may finally be taking a breath.  That’s fine.  It is just in time for me to roll out my Braemar Property Value Reports.

Today’s report focuses on sales activity of Braemar Courtyard Series homes in May and JuneIf 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.

Between May and June, three Braemar Courtyard homes were sold.  By chance, all were Clarendon models with walk out basements.  Oddly, if you take a look at the sales below, the one with the fewest bedrooms sold for the highest price.  But with such a tight grouping of final sold prices, I think the walk out basements had more to do with those prices.

When these three sales are combined with the entirety of the last twelve months of Braemar Courtyard home sales, we get updated six and twelve month data points.  Let’s take a look.

Our first data point, sold price, shows good a good trend.  Both the six month average and six month median sold prices are above their respective twelve month sold prices.  That means Braemar Courtyard homes are continuing to gain value.

Seller subsidy, a.k.a. closing cost help to buyers, reveals a trend that is not as great.  Both the six month seller subsidy values are more than their twelve month counterparts.  That means buyers are asking for, and getting, more closing cost help lately.

Finally, we come to days on market.  With the change to our new MLS in November 2018, we began getting two different ways of counting days on market depending on which contract status you chose.  In our previous MLS, no matter what contract status you chose, days on market stopped counting.  Until we get to January 2020, we won’t have an apples to apples comparison.  As it stands with the data above, the six month average days on market is shorter than the twelve month days on market.  Meanwhile the six month median days on market is longer (by one day only) than the twelve month median days on market.  My greatest hope is our new MLS will eventually adopt the same days on market counter as our last MLS.  For now, we have to deal with the data we have.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect to be under contract and well on your way to settlement within four to five weeks.  You could also expect to give at least a little more than 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September.  Until then, give me a call when the time for the sale of your Braemar home is nearing.  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: March-April 2019 (Courtyard Series)

Braemar Property Value Report: March-April 2019 (Courtyard Series)

If you are a Courtyard home owner in Braemar and wondering what your property might be worth in the current market, this Braemar Property Value Report is for you.  This particular edition breaks down sales of Braemar Courtyard homes during the months of March and April.  Of course, 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 three Braemar Courtyard homes that sold between the beginning of March and end of April.  Their final sold prices ranged from $430,000 to $441,000.  The details of those sales are as follows:

When we take these three sales and combine them with the entirety of the last twelve month’s worth of Braemar Courtyard home sales, our updated six and twelve month data points are as follows:

Starting with the sold price column, it is good news to see both the six month average and median sold prices above their twelve month counterparts.  That means that Braemar Courtyard homes have been gaining value in the last six months.  And looking at the three most recent sales above, you can see they are all above the six month average and median sold prices.  That indicates that the upward trend in Braemar Courtyard home values will continue.

Not all trends in this report are good news for sellers.  In the seller subsidy column we see that both the six month average and median seller subsidy values are higher than their twelve month counterparts.  This means in the last six months of sales, Braemar Courtyard buyers are getting more closing cost assistance.

Finally, we get to day on market.  Please remember, our new MLS is calculating days on market differently than our previous MLS.  The change over happened in November, so until we get to the November/December report this year, we won’t have an apples to apples comparison. Right now, it appears as though it is taking longer for Braemar Courtyard homes to sell when we see the six month marketing times being longer than the twelve month marketing times.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect to be under contract and well on your way to closing in five to seven weeks.  You could also expect to give an average of 1.5% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in July.  Until then, if the sale of your Courtyard home is on the horizon, give me a call for the most accurate market analysis.  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