Braemar Property Value Report: March-April 2022 (Ryan Homes)

Braemar Property Value Report: March-April 2022 (Ryan Homes)

You can almost feel the excitement in the air. A long weekend is just around the corner and summer will be unofficially underway. Is the excitement still in the air in the Braemar real estate market? In this edition of the Braemar Property Value Report we look back at what happened with the houses built by Ryan Homes in our neighborhood for the months of March and April. We will also get a chance to see the updated six and twelve month market markers. Let’s get right to it.

There were only two Ryan homes that sold during our current reporting period. There wasn’t a huge gap in sold price with one selling at $690,000 and the other selling at $710,000. Details of both sales are listed below:

The happiest things for would-be Ryan home sellers to see is that seller subsidy (closing cost help to buyers) is at zero in both and days on market is a week or less in both.

Taking these sales and combining them with Ryan home sales in Braemar going back to May 2021, our updated six and twelve month market markers are updated and may indicate a slight shift in the market.

Starting with the sold price column we find that the six month average sold price has increased about one percent from the twelve month average. Increases in six month value are what we have been seeing in the seller’s market conditions of late. However, the six month median sold price has fallen below the twelve month median sold price. We will have to see what next report shows us, because recent multiple offer scrums in the neighborhood tell me we are still seeing very high buyer demand.

Seller subsidy is where we learn how much closing cost help sellers gave buyers. In the case of Ryan home sellers, the amount of closing cost help has been nothing in recent sales. However, the six month average seller subsidy is a little higher than the twelve month average. Not to worry, the six and twelve month median seller subsidy values remain at zero. This means more than half of Braemar Ryan home sellers gave nothing in closing cost help in both time frames.

Marketing time has increased in both six month values compared to their respective twelve month values. This are not big increases. Buyers are being more deliberate in their actions as mortgage interest rates have increased. They are not as susceptible to pouncing on listings immediately.

If you placed your Ryan home on the market, priced to current conditions, you could expect it to be under contract in a week or so. You could also expect to give nothing in seller subsidy. Home inspection contingencies are making a come back, but largely seem to be of the right to void variety from what I am experiencing.

The next Braemar Property Value Report will be out in July. Until then, if you would like to investigate what a 2022 sale would mean for you, don’t hesitate to reach out for a confidential consultation. I have made it my business to be the most informed agent in the neighborhood. And I consider it my best talent to create buyer enthusiasm around my listings, maxing out my seller’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
www.ChrisAnnCleland.com

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

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

Welcome to another edition of the Braemar Property Value Report, focusing on sales of houses built by Ryan Homes in our neighborhood. We wrapped up 2021 last report. Let’s get right to it and see how we are starting off 2022.

There were two Ryan homes that sold during the first two months of 2022. Details are listed below.

At a glance, we see one sold below list price and another above. The biggest difference in the homes on paper seems to be one more additional bathroom that would have been finished in the basement of the second home. If all else were equal, based on numbers alone, this would mean that a full bathroom in a basement is worth only $5,000. That is an example of how market extraction works, which is the method appraisers use to figure out value. That’s another topic entirely.

Taking these two sales and combining them with the Ryan homes that sold going back to March 2021, we get twelve month of sales from which the six and twelve month data points we follow are updated.

Starting with sold price, we see the six month average is down compared to the twelve month average. The median sold prices in both time frames are the same. This could be an indication of the single family market changing, but based on what I seen so far this year, it seems that buyer demand is outpacing supply even more so than it did during the last half of 2021. I suspect we’ll see improvement in both six month sold prices over their twelve month values next report.

Seller subsidy has definitely shot up in the six month average over the twelve month average, despite the two most recent sales giving nothing in seller subsidy. When the values for January and February 2021 were dropped, we obviously lost some zero seller subsidy sales. The good news is that the six and twelve month median seller subsidy values both being at zero means that more than half of Ryan home sellers in both periods gave nothing in closing cost help.

Days on market has gone up in both six month values compared to their twelve month counterparts. The increases in marketing time are not troublesome and are likely to come down as we move into spring if buyer demand continues to outpace supply.

If you placed your Ryan home on the market, priced to current market conditions in Braemar, you could expect your home to be under contract in about a week. You could also reasonably expect to give nothing in seller subsidy as multiple buyers compete to win your home. Of course, having a skilled negotiator in your corner certainly helps that cause and how much money you make.

The next Braemar Property Value Report will be out in May. Before then, if you would like to investigate what a 2022 sale might mean for you, don’t hesitate to reach out. Simply listing with anyone in a seller’s market is not a guarantee of top of the market in sold price. No matter the market, buyer enthusiasm must be created to reach the pinnacle of the market at any given time. That means proper preparation, professional marketing and skilled negotiating all the way through. These are the foundations of my business and they have not been compromised just because buyer demand is high. l know you still have to earn top of the market and it is my job to get that for each and every one of my sellers. Consultations are free and confidential. As a neighborhood expert, it is my utmost pleasure to help. 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: November-December 2021 (Ryan Homes)

Braemar Property Value Report: November-December 2021 (Ryan Homes)

The picture above felt all too appropriate for this edition of the Braemar Property Value Report. Though we are here and now in 2022, this particular installment looks back to the last two months of 2021 for the most recent sales activity for Braemar houses built by Ryan Homes. After that, a brief look at the six and twelve month data points will tell us how Ryan homes in Braemar are trending. I still remember selling that Ryan Home in eight days in a much different market.

There were two sales of Ryan homes in Braemar in November and December. The details of each are listed below:

Neither of these sales is overly impressive. Then again, one was essentially an owner representing himself, but paying for MLS (multiple listing service) placement and the other was a home with amateur marketing. The Ballagan home was the limited service agent/owner self-representation. He sold $20,000 below list price, gave $10,000 in closing cost help and it took him nearly a month to do it. Not good, nor indicative of what our fourth quarter market had to offer. The other sold $100 above list price, but gave $15,000 in closing cost help. (gulp) I have done several Braemar Property Value Reports for this same time period. These are the only two single family homes to give seller subsidy in the last two months of November. Professional marketing agents are worth what they charge for what they bring to the table. Say a seller paid 1% more for an agent that did professional marketing on the second home, they would likely have still saved that $15,000 in closing cost help request. A net win! The description of the home tells the tale of a cul-de sac home with roof and appliances only three years old. Sellers get the marketing and representation they pay for. Who knows how good a deal the first home could have had with an agent negotiating on their behalf? No seller subsidy and probably closer to list price. Both more than worth it. Buyer enthusiasm doesn’t exist for no reason. You need to create it.

Taking all the sales from 2021 and parsing out the six and twelve month data points I follow in this report, here is what we get:

Starting with the sold price column, the good news for Ryan home owners is that values are still rising, in spite of the most recent sales. Look for the rate of increase to slow in 2022, as myself and other are predicting the 2022 growth will be very modest.

Seller subsidy values, despite the very large amounts given in the recent sales, on average are still very low. Obviously, the six month average is elevated from the twelve month average because of the two sales from November and December. However, the fact that the six and twelve month median values are at zero tell us that more than half of Ryan home sellers in both time frames gave nothing in closing cost help. Hire the best negotiators and get the best results.

Days on market, again…despite the two most recent sales, is still very fast when it comes to average and median values. Hire professional marketing agents and your home will sell quickly.

If you placed your Ryan home in Braemar on the market, priced to current conditions, you could reasonably expect it to be under contract in a week. You could expect to give nothing in closing cost help. However, buyers have been coming back with the typical contingencies in their offers since the second half of 2021. Those are financing, appraisal and home inspection.

The next Braemar Property Value Report will be out in March. Until then, if 2022 is the year you think you may want to sell, now is the time to start talking to your real estate professional. Give me a shout. My unparalleled neighborhood knowledge (and pride,) combined with my professional marketing make my Braemar sellers very happy. 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: September-October 2021 (Ryan Homes)

Braemar Property Value Report: September-October 2021 (Ryan Homes)

The end of the holiday weekend is upon us. With company gone and having no desire to delve into the set up of my Christmas tree, I have decided to publish the next Braemar Property Value Report instead. You know a Braemar real estate agent loves their job when they willingly sit down to put together a market analysis versus any number of other non-work related activities. Loving what I do is truly a blessing.

In this edition of the Braemar Property Value the focus in on detached houses built by Ryan Homes in Braemar. During the current reporting period of September and October, there were five Ryan homes that sold. The details of those five most recent sales are detailed below:

Unlike last report where all but one of ten Ryan home sold prices was well above list price, this report shows three of five sold above list price. The second half of the year there was a shift in demand taking place. And though the all-out buyer frenzy has chilled, it is still a seller’s market. Demand is still outpacing supply.

Taking these five most recent sales and combining them with the entire past twelve months of Ryan home sales in Braemar, the six and twelve month data points tracked in this report are updated as seen below.

Starting in the sold price column we see both the six month average sold price and six month median sold price much higher than their respective twelve month values. Ryan homes are still gaining value.

Seller subsidy (closing cost help negotiated by buyers from sellers) is a non-factor with zeros down all the relevant time markers. This means not one Ryan home seller in twelve months has given closing cost help.

Days on market is single digits down the line, and only one digit off in the twelve month average. Ryan homes are continuing to sell fast.

If you placed your Ryan home on the market, priced to current conditions in our Braemar market, you could expect it to be under contract in about a week. You could also expect to give nothing in seller subsidy. Not represented in the stats of this report, however, you could expect to see home inspection and appraisal contingencies in your offers. As the buyer frenzy has quieted, buyers are less likely to waive all contingencies like they had been doing in the first half of the year.

The next Braemar Property Value Report will be out in January. Until then, I wish you all the best the holiday season has to offer. Of course, whenever the need to sell your Braemar home arises, I would love the opportunity to consult with you about the sale of your home. Despite the season or market conditions, creating and maintaining buyer enthusiasm is what it takes to make the absolute most the market will bear. And with my unparalleled neghborhood knowledge, my professional marketing and superior negotiation skills are even better at achieving both. Helping my Braemar neighbors sell is always among my greatest pleasures. 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 2021 (Ryan Homes)

Braemar Property Value Report: July-August 2021 (Ryan Homes)

Another gorgeous September day brings another Braemar Property Value Report. The days are gradually cooling off, and perhaps our real estate market as well. In this edition of the BPVR we focus on sales of houses built by Ryan Homes in the neighborhood during the last two months of summer.

During July and August there were ten Ryan Homes in our neighborhood that sold. I was pleased to have listed one, which you will see highlighted in pink below:

Sold prices ranged from $610,000 to $770,000. I know the listing I had at 12809 Gentle Shade Drive hit a happy spot with buyers despite not having top of the line updates and a fully finished basement, getting $68,000 above list price. That’s the biggest leap from list price to sold price in the most recent sales. See what hiring a professional marketing agent that knows the neighborhood like the back of her hand can do for you.

Taking these ten sales and combining them with the last twelve months of Ryan Home sales in Braemar, our six and twelve month data points are updated and continue to show the strength of our seller’s market.

Starting with the sold price column, we see both the six month average and six month median values are higher than their respective twelve month values. Despite the buyer frenzy cooling off a bit this summer, Ryan Homes are still gaining value. And unlike some of the homes I have reported on lately, Ryan Homes saw a steady rate of increase in the twelve month average to the six month average of 2% since last report. Better yet, while some homes have seen decreases in median value gains since last report, Ryan Homes saw a 5% uptick since last report’s 2% median growth. All great news.

Seller subsidy is where we learn how much closing cost help buyers were able to negotiate from their sellers. Down the line in the ten most recent sales, the answer is zero. That is also the answer in the seller subsidy average and median values with the exception of the twelve month average. Out of twenty-three sales in the past twelve months, only one seller gave closing cost assistance, which is why the average is such a low value.

Days on market is five days down the line. Some of the most recent sales happened ever faster than that, some longer. However Ryan Homes are still selling ridiculously fast as inventory still is not enough to meet buyer demand.

If you placed your Ryan Home on the market, priced to current conditions in our Braemar real estate market, you could expect your home 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 November and will let us know if fall is off to a strong start, which I suspect it will be. Our year end market is usually a great one, fueled by the beginning of the fiscal year for the Federal government. Until then, if you want to investigate the possibility of selling your Braemar home, get in touch with me. Since 2005, No One Knows Braeamar 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

Just Sold Another Braemar Home Above List Price

12809 Gentle Shade Drive Listed for $649,000 on July 8th and Sold for $717,000 on August 6th.

Just Sold Another Braemar Home Above List Price

Having recently listed 12148 Formby Street and 9239 Glen Meadow Lane, I have to say I was not about to advise the sellers of 12809 Gentle Shade Drive to raise their list price prior to hitting the market. Those other Bristow homes had not received offers their first weekend on market and one barely sold above list price. The seller’s market of 2021 had changed going into summer. My advice was to stick to the marketing plan at $649,000 and see what buyers thought. There is no such thing as underpricing in a seller’s market.

It was evident right away that this home in Braemar was in high demand. After three offers, it was time to hit the done button. A buyer came in with an offer the sellers couldn’t refuse. Best of all, the buyer could back up their offer price with a sizeable down payment. That meant if appraisal came in low, the sellers wouldn’t require the sellers to lower the sales price.

uAs we waited for appraisal day, since there were no other contingencies, I got a call from a colleague with a listing nearby that had gone under contract sight unseen. The agent was furios that the appraisal had come in below list price while the offer her seller’s held was well above list price. That’s the risk of sight unseen. You don’t get to see market value if you were never exposed to the market. Appraisers take multiple offers into account when they are heading in the same direction. However, one offer that a buyer puts together to make the seller stop the marketing process before it begins should be a red flag to listing agents.

Thank goodness, the listing preparation my sellers had done at my recommendation, combined with my professional marketing got them a fantastic offer. And showing all of the updates, offers and having the marketing to show the appraiser made a difference. The appraisal, we are told, came in at sales price! Which brings me to the very happy ending of this Braemar home sale.

On August 6th (2021,) 12809 Gentle Shade Drive sold for $717,000..$68,000 above list price.

Ready to list your Braemar home? Don’t leave a penny on the table. Even in a seller’s market it can happen. Get in touch with me to get the skinny on listing preparation recommendations and my professional marketing to power buyer enthusisam. Since 2005, No One Know 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 (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 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