Braemar Property Value Report: May-June 2021 (Ryan Homes)

Braemar Property Value Report: May-June 2021 (Ryan Homes)

Ah Monday…my favorite day of the week. Ever since becoming a Bristow Real Estate Agent, I have loved the start of the work week and today is no exception. While my travels today had me outside of Bristow, helping buyers who had once sold in Braemar, but relocated to Locust Grove, I am happy to end my day doing what I do best…helping Braemar home owners.

What I bring to you today is the Braemar Property Value Report for houses built by Ryan Homes in our neighborhood. This particular edition focuses on the sales between May and June, and then provide updated six and twelve month data points that allow us to decipher the direction of the market. Let’s get right to it.

There were five Ryan Homes that sold in Braemar in May and June. The details of those sales are listed below:

There is a large variation in sold price in the five sales, ranging from $536,000 to $740,000. The variation, in large part, comes the variety in home sizes that Ryan Homes offered in Braemar. Another factor, of course, is the finishes each home offers on the market.

Taking these sales and combining them with the entire past twelve months of Ryan Home sales in Braemar, the six and twelve month data points show signs of a very healthy seller’s market.

Starting with the sold price column, we see that both the six month average and six month median sold prices are higher than their respective twelve month values. This means that Ryan Homes in Braemar are continuing to gain value in the seller’s market.

The seller subsidy column is where we learn how much closing cost assistance buyers were able to negotiate from their sellers. In all but the twelve month average, the answer was zero. And the twelve month average only has a value because ONE Ryan Home sale, out of fifteen that happened in the past twelve months, gave $3,000 in seller subsidy. That sale was in September 2020. There has been no seller subsidy given in Ryan Home sales since. In the seller’s market with so little inventory, buyers are having to forego many requests to make their offers strong enough to be chosen in multiple offer scenarios.

Days on market needs no real analysis. Down the line from six month average and median to twelve month average and median, the number of days it took to go under contract was four. Obviously, some of the more recent sales took longer, but average and median values are so steady it is scary.

If you placed your Ryan Home on the market, priced to current conditions, you could expect it to be under contract in less than one week. You could also expect to give nothing in seller subsidy.

As I type this, I have noticed in July that buyer demand is decreasing a bit. Still, buyers outnumber sellers, but not by as much as before. What has likely happened, as does every July and August, is that sellers rush to sell when school is out while buyers go on summer vacation. Expect things to heat back up in the fall.

The next Braemar Property Value Report will be out in September. Until then, if the need arises to sell your home, get in touch with me. Sellers are leaving money on the table in many deals in this seller’s market. By hiring inexperienced, or cut rate agents that put zero effort into marketing a property or giving seller’s notes on getting a home market ready, buyer enthusiasm lacks. My job is to create buyer enthusiasm to get the max ANY market will alow. It is done with proper listing preparation and professional marketing. My efforts don’t wane because buyer demand is high. 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: May-June 2021 (NV Homes)

Braemar Property Value Report: May-June 2021 (NV Homes)

The end of the work week has arrived. TGIF! It’s been a long week. While there is no end of the work week for a Top Braemar Real Estate Agent like myself, the acknowledgement of the start of the weekend is still ingrained deep in my soul from school days.

Today’s Braemar Property Value Report focuses on the sales of houses built by NV Homes in Braemar during the months of May and June. During those two months, there were only two sales. The details of those sales are listed below:

These sales demonstrate the crazy buyer demand that was present in both months. Iona Sound sold well above list price in two days and Arthur Graves Jr. went under contract at a high list price before ever hitting the market. Was it a sight unseen offer? Based on the fact that there is no listing agent listed and no MLS photos, I think it was a private sale between two parties, the buyers represented by an agent.

Taking these two sales and combining them with the entire past twelve months of NV homes sales, the six and twelve month data points are updated to continue to show the impact of the seller’s market.

Starting in the sold price column, we see a big jump in value from the twelve month average sold price to the six month average sold price. However, the six median median sold price is only slightly higher than the twelve month sold price. Either way, the trend is up and that’s a good thing for NV home owners.

Seller subsidy is where we learn how much closing cost help buyers negotiated from their NV home sellers. In all except the twelve month average the answer was zero. And the twelve month average only has a value because two of twelve sales in the past twelve months gave seller subsidy. The most recent of those two sales was in December 2020. Seller subsidy requests so far in 2021 have been absent in winning bids on NV homes.

Days on market shows a dramatic change in both twelve month average and median values shrinking the in the six month average and median time frames. Selling an NV home is not a lengthy process these days.

If you placed your NV home on the market, priced to current conditions, you could expect it to be under contract in a few days. You could also expect to give nothing in seller subsidy.

The next Braemar Property Value Report will be out in September. Until then, when it is time to sell your home, understand that creating buyer enthusiasm is the key to getting the top of the market price in any market conditions…even a seller’s market. Buyer enthusiasm comes from proper listing preparation and professional marketing…two things I help sellers with every day. Get in touch with me for a run down of what it takes to achieve top of the Baemar 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
www.ChrisAnnCleland.com

Braemar Property Value Report: May-June 2021 (Heritage Series)

Braemar Property Value Report: May-June 2021 (Heritage Series)

Another late July day is coming to an end and I find myself doing what I love most, keeping up with the Braemar real estate market. That’s what top Braemar real estate agents like myself do… they eat, sleep and breathe real estate. So at this moment, I bring you another Braemar Property Value Report. This one focuses on the Heritage Series home sales in our neighborhood for May and June. Note: 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.

There were seven Heritage home sales between the beginning of May and end of June. They all happened to sell in May. Details of the seven sales are listed below:

At first glance, you can see that every one of the seven sold prices start with a six. That’s quite an achievement in and of itself as you will see by the updated six and twelve month data points in the next graphic.

Starting with the sold price column it is evident that the six month average and median sold prices have leapt up substantially compared to their respective twelve month values. Braemar Heritage homes have been gaining significant equity in this market with little inventory and frenzied buyer demand.

The seller subsidy column is where we learn how much closing cost assistance Braemar Heritage home buyers were able to negotiate from their sellers. In the six month average and six month median, even the twelve month median value, seller subsidy is zero. The twelve month average has a small value as a result of nine of forty sales in the past twelve months that gave seller subsidy. Of those nine sales, six sellers gave significant amounts of closing cost help, three gave amounts that would lead an experienced agent to think they were repair credits. No seller has given seller subsidy since Ocober 2020.

Days on market reflects exactly what I have been experiencing as a listing and buyers agent. The highest days on market is the twelve month average at one week. In fact, looking at the most recent sales, only one of the seven was double digits.

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

The next Braemar Property Value Report will be out in September. Until then, if you have been considering the sale of your Braemar home, get in touch with me. Listing preparation and professional marketing are key to creating the buyer enthusiasm that gets top of the market, no matter what marketing conditions you are facing. Believe it or not, even seller’s in a seller’s market can leave money on the table. Don’t let that be you. 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: May-June 2021 (Courtyard Series)

Braemar Property Value Report: May-June 2021 (Courtyard Series)

Time for another Braemar Property Value Report. Today’s edition focuses on the latest happenings in 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 the current reporting period of May and June 2021, there were five Courtyard homes that sold. The details of those five sales are listed below:

With sold prices ranging from $521,900 to $560,000, I would say that Braemar Courtyard homes are doing quite well. However, to get the best look at what’s been happening, these figures combined with the entire previous twelve months of Braeamr Courtyard home sales allow me to update the six and twelve month data points. They definitely show the effects of the strong seller’s market we have been experiencing.

Looking at the sold price column, we see the six month average sold price has seen a healthy increase over the twelve month average sold price. More impressive is the substantial increase in value in the six month median sold price over the twelve month median sold price. Braemar Courtyard homes have been gaining value quickly with the frenzied buyer demand and lack of inventory.

Seller subsidy is where we learn how much closing cost help Braemar Courtyard home buyers were able to negotiate from their sellers. All the values, except for the twelve month average are at zero. In fact, the twelve month average only has a value in it because, of the twelve Braemar Courtyard homes that have sold in the past twelve months, one in August 2020 gave about two percent of the sales price in closing cost help. The overwhelming majority of Braemar Courtyard home sellers had to give nothing in seller subsidy to strike a deal with their buyers.

inge days on market shows an interested trend updward in the six month average compared to the twelve month average. That can be explained by two Braemar Courtyard home sales that took double digits to get under contract in the past twelve months, one pictured above in fact. The six and twelve month median days on market are the same at four days. That means that half of all Braemar Courtyard home sales in both time frames happened in four days or less.

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

The next Braemar Property Value Report will be out in September. Until then, when it is time to sell your Courtyard home, remember that no matter the market conditions, the only way you make the absolute most the market will bear for a home of your size and style is by creating buyer enthusiasm. That happens when a home is properly prepared and professionally marketed. Get in touch with me and ensure you get both of those working for you. 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: May-June 2021 (Carriage Series)

Braemar Property Value Report: May-June 2021 (Carriage Series)

Monday is my favorite day of the week. It is a day to start fresh and get working. Certainly, when you love what you do, a new work day is never a bad thing. And as a Top Braemar Real Estate Agent, I can tell you that I indeed love what I do. As proof of that, I bring you this latest edition of the Braemar Property Value Report for the Carriage homes in our neighborhood. 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, accessed by a private driveway off of the street, or off of a shared alley in the back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were six Braemar Carriage homes that sold in the months of May and June. The details of those sales are listed below:

First amazing thing about these six sales are their sold prices. Two of the six are $600,000 or more. And the biggest jaw dropper is the second smallest of the Carriage Series, a Norwood model on Tombreck selling for $581,600. That is a lot of money for a three bedroom Carriage home to pull.

Taking all six of these sales and combining them with the entire past twelve months of Braemar Carriage home sales, the six and twelve month data points are updated and reveal the fruits of the seller’s market.

Starting with the sold price column, both the six month average and six month median sold prices are substantially higher than their respective twelve month sold prices. This means Braemar Carriage homes are gaining a lot of value as a result of the frenzied buyer demand.

The seller subsidy column is where we find out how much closing cost help buyers have been able to negotiate from their sellers. The zeros in all but the twelve month average slot tell us that buyers are having to forego closing cost requests to get their offers accepted in multiple offer scenarios. In fact, the only reason there was even a value in the twelve month average seller subsidy is that one Braemar Carriage home seller gave $600 in seller subsidy in their October 2020 sale. That was probably a home inspection repair credit, judging by the amount.

Days on market reveals low, single digits all the way down the column, with only a one day quickening form the twelve month average to the six month average. Braemar Carriage homes are selling extremely quickly in the seller’s market.

If you placed your Braemar Carriage 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 cost help.

The summer months are experiencing less demand than we have seen up to the end of June, which is where this report ends. That doesn’t mean buyer demand has dried up. Inventory has increased and some buyers have taken the summer off as they travel and take vacations. A summer slow down in buyer activity and increase in seller listings in typical for our market. Even though there are still more buyers than there are listings, you may not get crazy amounts of offers in a weekend.

The next Braemar Property Value Report will be out in September. Until then, when the need arises for you to sell, understand that buyer enthusiasm is where the highest possible price comes from, no matter than market. Buyer enthusiasm is created by doing the right listing preparation and being professionally marketed, even in seller’s market. I have been helping Braemar sellers with both for a long time. 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: May-June 2021 (Arista Series)

Braemar Property Value Report: May-June 2021 (Arista Series)

Welcome to another edition of the Braemar Property Value Report, focusing on sales of homes in the Arista Series in our neighborhood between May and June, then looking at updated six and twelve month data points. Arista homes, if you were not already aware, include the Allister, Buckingham and Canterbury models by Brookfield Homes. Let’s get right to it.

There were three Arista homes in Braemar that sold in the last two months. The details of those sales are listed below:

Each of the three sales were Canterbury models, which is the most prominent of the Arista Series in our neighborhood. Final sold prices ranged from $735,000 to $765,000. When combined with the entire past twelve months of Arista home sales, the six and twelve month data points are updated and, not surprisingly, tell the tale of a seller’s market.

Starting with the sold price column, there are significant jumps in value from the twelve month average and median sold prices to the six month average and median sold prices. Braemar Arista homes are in demand by many more buyers than are landing them, which is why prices are leaping upward. Seems the only mistake a seller can make in this seller’s market is pricing too high. Most listings are selling above list price. Price too high and you would be lucky to get your list price. Sellers in a seller’s market should never assume every home will sell above list and escalate their list price expecting even higher.

Seller subsidy is where we learn how much closing cost assistance buyers were able to negotiate from their sellers. Seeing zeros down the line, with the exception of the twelve month average being less than one-helf of one percent of the sales price is typical. Out of the twelve sales in the last year, only two gave seller subsidy. Both of those were within a week of one another at the end of July and beginning of August last year. Those seller subsidy amounts were significant. However, the norm right now is that buyers are having to pay their own closing costs, particularly when a home is in high demand.

Days on the market shows a bit of an uptick in the number of days it takes to go under contract from the twelve month values to their respective six month values. One or two days worth of increase in time on the market is nothing, and our average and median values down the column are all still single digits.

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

The next Braemar Property Value Report will be out in September. Until then, please know that no matter the market you are faced with when selling, creating buyer enthusiasm is critical. Getting advice on the right listing preparation projects and being professionally marketed is key to getting the most any market will bear, even a seller’s market. I’ve been helping Braemar sellers wring every penny out of their home sales for a long time. Get in touch with me and let’s talk. 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 Home Under Contract in…

12809 Gentle Shade Drive Listed for $649,000 on July 8, 2021

Braemar Home Under Contract in…

On July 8th, I had the pleasure of introducing 12809 Gentle Shade Drive to the market. Of course, you got a sneak peek here on SellingBraemar.com on July 7th. Before this home ever hit the market, the neighbors were getting wind of the impending sale and my phone was ringing about it. It should not be a shock that after only two days on the market, it got an offer (of three total) that was so good it was time to hit the DONE button.

Having an experienced local agent helping you sell is so important. In the case of the winning offer here, the buyers were ready to move on to other homes if their offer was not answered. And because the owners had set a deadline, there are some listing agents out there that may have thought they HAD to stick to it. Nope. Sellers have the right to do what they want. The trick is to have a listing agent that knows when you have an offer you do not want to lose. Are listing agents going to take heat for it? Sure, but we don’t work for anyone but our sellers as listing agents. As long as we are looking out for them, there is not a problem.

At this moment I can not share with you the contracted sales price. However, this one is scheduled to close on August 6th. Check back here then.

Until then, if the time has come to sell your Braemar home, don’t hesitate to get in touch and find out what a professional, full-time, local agent like myself can mean to your bottomline. Buyers don’t get this enthusiastic over any listing. It needs to be well prepared and professionally marketed. My expertise will give you all you need to know to be well prepared and I will handle the professional marketing. 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

Are You Ready for a Spacious Home Backing to Open Space?

12809 Gentle Shade Drive in Bristow will be Active on July 8th (2021) for $649,000

Well priced, well prepared homes in Bristow have been getting a lot of buyer attention up to this point in 2021. It is my expectation that 12809 Gentle Shade Drive will be no exception, priced at $649,000. Just before the entrance to the Gentle Shade cul-de-sac, it is a prime location that is a short distance to community paths and the amenities located at Clareybrook Park (pool, playground, tennis and basketball.) Backing to open space may be even more desirable.

Inside you will find an expansive home with a study off of the two-story foyer and a formal living room open to the formal dining room. The openness of the kitchen to the breakfast nook and into the family room is where every day life happens. Enjoy an abundance of Corian counter space. Hardwood flooring in the kitchen/breakfast nook elevates the space. Amidst the two story stone work in the family room is a wood pellet stove that you will love in the winter months.

The bedrooms are all on the upper level. Owner’s bedroom is very generous in size, has a walk-in closet and a luxury bathroom with double sinks, soaking tub and new luxury vinyl plank flooring. The LVP looked so great in there, it was also installed in the second full bathroom.

Walk out level basement is finished to have a decent sized recreation space. There is an abundance of space left to finish, including a rough-in if you want a full bathroom in the basement.

New carpeting was installed just prior to listing. The home was also painted throughout, with the exception of the study. If red isn’t your color, the good news is that you only have one room to paint.

My favorite feature is the screened porch off the breakfast nook, which steps down to an open composite deck, both sitting atop the fenced back yard.

This one begins accepting appointments as an active listing on July 8th (2021.) An offer deadline has also been established for 10am on Monday, July 12th. Get out and see this one as soon as you can. If you don’t have an agent, get in touch with me and I’ll get you set up.

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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: 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
703-402-0037, ChrisAnn@LNF.com
www.SellingBraemar.com
www.UncompromisingValues.com
www.ChrisAnnCleland.com

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

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

Another gorgeous spring day in Braemar and the sound of a lawn mower is my background noise. Doesn’t bother me a bit. The sun is shining and the weather is warming up. The real estate market has been warm for some time. In fact, it is down right hot. Sellers could not be in a better position and in this edition of the Braemar Property Value Report, focused on the NV Homes resale market, you will see exactly what I mean.

During the current reporting period of March and April, there were four resales of NV homes in Braemar. The details of each of those four sales is listed below:

All but three of these homes sold well above their list prices. Only one took a week to go under contract at longest. None gave closing cost help. This is what the Braemar seller’s market looks like. Taking these sales and combining them with the entire past twelve months of NV home sales in Braemar, we see exactly how far home values have come in six months when comparing the six month data points to the twelve month data points.

The sold price column is the natural place to start. Here we see that the six month average and six month median sold prices are WAY higher than the twelve month average and median. NV homes in Braemar are eight to nine percent higher than they were a year ago. That’s substantial.

Seller subsidy is what is also known as closing cost assistance sellers give to buyers as part of the transaction. Honestly, this is the first report I have done in the March/April 2021 series were the six month average shows a value other than zero. Evidently, one NV home sale in the last six months gave a large amount of closing cost help. And looking back at the fourteen sales that make up the twelve months of NV homes data, only two gave seller subsidy at all. Zero is new norm as buyers face fierce competition when bidding on homes.

The days on market column shows the six month average marketing time two days shorter than the twelve month average. The six month median marketing time is three days shorter than the twelve month median. NV homes in Braemar have been selling faster more recently.

If you placed your NV home on the market, priced to current conditions in our Braemar marketplace, you could expect it to be under contract in less than a week. You could also expect to give nothing in seller subsidy as buyers compete to win in multiple offer scenarios. Those same buyers may even waive contingencies like home inspection, radon inspection, financing and appraisal.

The next Braemar Property Value Report will be out in July. Until then, if the need or want to sell arises know that even in a seller’s market, preparation and marketing matter. They create the buyer enthusiasm needed to lift your sales price higher than your competition. Creating buyer enthusiasm with a well prepared and professionally marketed listing is my specialty. 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