Famhouse Chic Carriage Home with Water View Now Open For Showings

9477 Cromarty Court Listed on April 22, 2022 for $584,000

When I posted about this Maplewood Carriage home at 9477 Cromarty Coming Soon on April 17th, I could not wait to share more about the inside of this home. Whether I realized it or not, my experience with this particular home started when one of the new owners popped into one of my open houses in the neighborhood about four years ago. She told me the home that she had purchased and that she and her husband were fixing it up. Even then I remember, when finding out which home she bought, thinking they had a job on their hands. It hadn’t been my listing, but was on the market the same time as one I had sold on the street. (Looking back at that listing while grabbing this link, I can’t believe I didn’t hire a professional to take my photos. My business and my marketing have come a long way. Even then, my listing was head and shoulders above the presentation of 9477 Cromarty at the time.)

The thing that can’t be duplicated about 9477 Cromarty is the lot. It sides to a pond where heron, fox, deer, turtles and frogs frequent. There are unobstructed water views from the patio and driveway, kitchen sink and dining room. Now let’s look at some of the interior improvements.

The kitchen is farmhouse chick at its best. Gray quartz counters with white marbling and glistening specs are the perfect complement to the white cabinets. A live edge cherry breakfast bar and exposed wood shelving to open up this galley kitchen to the family room.

My favorite part of the home is where the pantry was transformed into a bar with space for a notebook computer and a stool. The pandemic had many home owners scrambling for additional office spaces in 2020 and this is one of the most imaginative I have seen. It beats a closet any day and when work is done, you can shut the notebook and enjoy an adult beverage.

The family room now has a farmhouse chandelier, which makes it a great accent for a gathering area, or maybe a perfect dining room. Swap the actual dining room, with the view of the pond, for your gathering area and let it flow into the living room across the foyer entry.

Refinished hardwood floors on the main level give way to a hardwood staircase that lead you to the engineered hardwood floors upstairs. While done with a papered accent wall, the owner’s bedroom brings you right back to farmhouse chic.

Even the owner’s bathroom, with wood-like tile brought in natural wood edges above the dual sinks.

You can see everything in the virtual tour. The last area I am going to highlight here as a major improvement is the stamped concrete patio between the home and the detached garage. Pergola conveys, but lighting will go with the owners.

This is the perfect lot for outdoor entertaining or enjoying your own bit of quiet by natural surroundings. The extensive driveway can park many vehicles. There is a two car garage and three parking spaces at the end of the driveway that don’t even interfere with the garage entry. And if you were looking for a fenced yard, this one does offer a gate that shut across the driveway.

Come see all this stunning home has to offer on Saturday, April 23rd or Sunday, April 24th. Both days the home will be open from 1pm-3pm. If you don’t have an agent and need one to represent you, give me a call and I will connect you with a top notch professional out of our Long & Foster offices.

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

Dunbarton Single Family Home Report: January-March 2022 (1st Quarter)

Dunbarton Single Family Home Report: January-March 2022 (1st Quarter)

Welcome to the first edition of the Dunbarton Single Home Report. I have been compiling reports for the all ages sister community of Braemar since 2005. As I encounter more and more buyers and sellers in the active adult communities in the area, I thought it would be helpful to publish this report quarterly. It will focus solely on the detached single family home sales in Dunbarton. This particular edition covers the first quarter of 2022, during which time there were six homes that sold. Details of those sales are listed below.

There is only one sale that stand out. It is the sale at 12849 Dunbarton Drive that was the only home to sell below its list price, give any seller subsidy (closing cost help to the buyer) and took three weeks to go under contract. All of this things are contrary to the other five sales of detached homes in Dunbarton during the first quarter of 2022.

Taking these first quarter 2022 sales and combining them with the second, third and fourth quarter sales from 2021, I extract six and twelve month data points to track market trends. Those market markers are seen directly below.

Let’s first look at the sold price column. Here we see both the six month average and six month median sold prices are higher than their respective twelve month values. This means that Dunbarton single family homes are continuing to gain value. No surprise there given the extreme lack of inventory and heightened buyer demand.

Seller subsidy shows us how much closing cost help Dunbarton buyers were able to negotiate from their sellers. The six and twelve month average seller subsidy values show very little. In fact, in twenty-two sales in the past twelve months, only one the one sale listed above at 12849 Dunbarton Drive gave any seller subsidy at all. Likely, the small dollar amount of $375 was a credit for a repair or walk through issue. More importantly, twenty-one sellers in twelve months gave nothing.

Days on market shows single digit days down the line. Certainly, a one day longer marketing time from the twelve month average to the six month average is nothing to think twice about. Dunbarton homes are in high demand and selling fast.

If you placed your Dunbarton home on the market, priced to current conditions, you could expect it to be under contract in less than one week. My latest listing at 13248 Ormond Drive took only two days to go under contract. And as discussed earlier just a couple paragraphs above, you could expect to give nothing in seller subsidy.

The seller’s market we are experiencing, particularly in Active Adult neighborhoods, is not likely to be impacted at all by the sharp increases in mortgage interest rates. Most buyers in these communities are either coming with cash, or a very low mortgage. Mortgages in many cases, are expected to be paid off when the family is sold, if that has not yet happened at the time of purchase. A fifty-five plus buyer is well established and typically asset rich.

When it comes time to sell you Dunbarton home, relying solely on market demand is a poor strategy if you are looking to maximize the return on your investment. Too many sellers are leaving money on the table, even during this insane seller’s market. The only way to guarantee your top position in the market is to hire your listing agent wisely. What I offer is listing preparation advice and recommendations, professional marketing and skilled negotiation.

The next Dunbarton Single Family Home Report will be out in July. Until then, please let me know if I can be of assistance. I would be honored to help you through the sale of your home when the time comes.

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

Braeamar Reflection Quarterly: January-March 2022 (1st Quarter)

Reflection Series Home

Braeamar Reflection Quarterly: January-March 2022 (1st Quarter)

Welcome to another edition of the Braemar Reflection Quarterly. This report details sales of the semi-attached/semi-detached homes on Tarvie Circle. While they look like detached single family homes from the curb, in the back they are attached to one neighbor in a duplex-like fashion, only at the garage. These homes make up only forty-four of the over two-thousand, eight hundred properties in Braemar, so sometimes it feels like quarterly reports are even too frequent. If we go too many quarters without a sale this year, I may make this a semi-annual report.

We get to start off the year examining the sale of one Reflection Series home that sold in January. Details are listed below.

There are many thing about this sale that show the presence of the seller’s market. Selling above list price is one of them. Two others are giving no seller subsidy (closing cost help to buyer) and going under contract in only two days.

When combined with the Reflection home sales from the second, third and fourth quarter of 2021, we have a total of only three sales. However, taking the six and twelve month data points from that pool of data our market markers are updated.

Being the only sale in the last six month, our most recent Reflection home sale makes up both the six month average and median values. Compared to the twelve month average and twelve month median sold price, we still see upward growth in home values. Not surprising since our market continues to have very high demand and limited inventory.

Seller subsidy is zero down the line in all but the twelve month average. That is because one sale out of three in the last year gave $8,000 in closing cost help. One out of three sales giving closing cost help is not great, but still keeps the median values at zero. Your odds of having to give closing cost help if you sell your Reflection home have been slim, but with rising interest rates, don’t be surprised to see seller subsidy increase this year.

Days on market shows that Reflection homes are selling even faster. Again, this is due to high demand and very little inventory.

If you placed your Reflection home on the market, priced to current conditions, you could expect to be under contract within a week. And whether or not you gave any seller subsidy may depend on large part who you hire to represent you. Relying solely on seller market conditions and hiring low rate agents who do very little to drive up buyer enthusiasm will cost you more than you save in commission every time. Even in a seller’s market, you can leave money on the table. Creating buyer enthusiasm through proper listing preparation and professional marketing keep you at the top of what any market will bear.

The next Braemar Reflection Quarterly will be out in July. Until then, if you would like to investigate the 2022 sale of your Braemar home, get in touch for a no obligation analysis. We can discuss current demand and how rising interest rates may or may not be a factor for you in your next purchase. 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

Coming Soon: The Only Natural, Unobstructed Water View in Braemar

9477 Cromarty Court in Bristow will be listed at $584,000 and available for showings 4/22/2022

As I sit and prepare to tell you about a very special home coming soon to the Braemar real estate market, I realize that I should enjoy every minute of this lazy Easter Sunday because as soon as 9477 Cromarty Court goes active on Friday for $584,000, my weekend will be frantic. When you love what you do, it is hard not to work, even on a holiday weekend. So today, consider me the Easter Bunny, dropping by with a great opportunity for buyers looking in the neighborhood.

Enjoy sunsets from the covered front porch

Located at the end of Cromarty Court, this Braemar Maplewood Carriage home has so much to offer inside and out. Three bedrooms and two full bathrooms on the upper level make it much like what you would find in a townhouse. Formal living and dining rooms in the front of the home, however, are more in line with what you would find in a Braemar single family home.

Updates abound as you tour this home. Refinished hardwood floors are found throughout the main level. Plantation shutters in the front of the home and 3-D roller shades in the back give you privacy and style. The galley kitchen, typically cut off from view from the family room has been renovated to remove one cabinet which was converted to open shelving, giving that openness lacking in most Maplewoods. Quartz counter tops with their modern shimmer flow nicely to a live edge cherry breakfast bar. Even the pantry was re-imagined when the doors were removed and it was set up as a bar. (Easily undone if you prefer pantry storage.) There is even a stikwood accent wall here giving the feel of a cabin. I can’t wait to show you.

Hardwood stairs to the upper level continue the cabin feel with more finishes to evoke the feeling of a modern cabin. Engineered hardwood floors throughout the bedrooms and wood-like ceramic tile in the bathrooms work perfectly together. Faucens and fixtures have been replaced. No detail has been overlooked.

Head down to the basement, finished to offer a carpeted rec area with an updated full bathroom. This is also the level where you find the laundry room.

The only natural, unobstructed water view in Braemar belongs to 9477 Cromarty Court

The updates inside this home could be done to any Maplewood. What makes this particular Maplewood unique is the lot. This home enjoys the only natural, unobstructed view of a neighborhood pond. Enjoy it while at the kitchen sink or enjoying a meal in the dining room. Spending time outside on the stamped concrete patio sure is more enjoyable when you have turtles sunning themselves on logs, the sounds of frogs and sighting of rabbits, fox and deer in the woods surrounding the pond.

An extensive private driveway gives you plenty of room for guest parking. In addition to your two car garage, there are three parking spaces at the end of the driveway that do not interfere with the garage. If you are hosting a gathering, the entire length of the driveway if there for your guests or maybe, a game of corn hole while you enjoy that amazing view.

There is a trail that goes around the lake less than ten steps from the property. It is so close you can see the home as you sit on the community bench.

It will be my pleasure to share professional photos of the interior when I have them on April 21st. Until then, if you think you may be interested in this home, don’t hesitate to set up your appointment to see it, or stop by the Open House on Saturday April 23rd (2022) from 1pm-3pm. This is a truly unique opportunity to own a water view in Braemar.

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 Piggyback Quarterly: January-March 2022 (1st Quarter)

Braemar Piggyback Quarterly: January-March 2022 (1st Quarter)

It finally feels like spring. The weather is warming up. The sun is shining and the trees and flowers are coming back to life. It is a hard day to be inside typing up another Braemar market report, but my dedication to providing my fellow Braemar home owners information overrides my desire to enjoy some fun in the sun. In this edition of the Braemar Piggyback Quarterly, we look back to the first quarter of the year and what it meant for these back to back and side to side attached, two car garage townhouses in our neighborhood.

During the first three months of 2022, there were three Braemar Piggyback townhouses that sold. The details of those sales are listed below:

Quick observations of these sales show only one sold below list price, none gave closing cost help and they all sold quickly. When we combine these first quarter sales with the last three quarters from 2021 for an entire year’s worth of Braemar Piggyback townhouse sale data, the updated six and twelve month data points show us market trends to this point.

Starting in the sold price column we see both the six month average and median sold prices are substantially higher than their respective twelve month values. This means that Braemar Piggyback homes have continued to gain in value in the short term, despite sharp increases in mortgage interest rates in the first quarter.

Seller subsidy is where we learn how much closing cost help Braemar buyers were able to negotiate from their Piggyback townhouse sellers. The answer is very little. Only the six and twelve month average values even exist in small numbers as a result of one seller out of eleven in the past six months giving $4,000. Seller subsidy may make a come back as interest rates continue to go up, pinching affordability even more for buyers. Next quarter will reveal a lot more information on that front.

Days on market, or marketing time as I like to call it, is consistent in both six month values compared to the twelve month values. Braemar Piggyback townhouses are getting under contract quickly due to the continued high buyer demand.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in less than one week. You could also still expect to get away with not having to pay any seller subsidy, particularly if you hire a skilled listing agent. Hire buyer demand still exists, bringing multiple offers that strongly favor sellers.

The next Braemar Piggyback Quarterly will be out in July. Until then, if you want to investigate the sale of your Braemar home, get in touch with me for a confidential consultation. Waiting for the market to crash to make a move may have you waiting for years. Despite rising interest rates, buyer demand is strong and expected to stay that way. Having a full-time professional on your side is the only way to get the best results, no matter the 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 Patio Quarterly: January-March 2022 (1st Quarter)

Braemar Patio Quarterly: January-March 2022 (1st Quarter)

Are rising interest rates affecting the Braemar real estate market? In this edition of the Braemar Patio Quarterly we look back at the quad style, two level townhouse sales in our neighborhood and see the activity for the first quarter of the year. In the first quarter, mortgage interest rates have gone from slightly over 3% to nearly 4.5%. And yesterday, in looking up the thirty year fixed interest rate, my jaw dropped to see it at just under 5.5%.

In the first three months of the year, during this time of rapid mortgage interest rate increase, there were two Braemar Patio homes that sold. Details are listed below.

Two things pop out at this Braemar Real Estate Estate right away. The first sale on Correen Hills sold below list price. That is the first time a Braemar Patio home has sold below list price in the last twelve months. The second thing I notice is that the sale on Gartney, while selling above list price, provided enough seller subsidy to cover all the buyer’s closing costs at just about 3% of the sales price. When you take that $13,000 in seller subsidy from the sales price, you get a seller net sold price of $327,000. Hard to really qualify that as a sale above list price when the seller was a net loss from list price. At a glance, it seems the mortgage rate increase may be changing the market.

When we take these first quarter sales and combine them with the last three quarters of 2021, the entire past twelve months of Braemar Patio home sales is parsed out into six and twelve month data points. These data point show us the market trends to date. Let’s take a look.

Starting in the sold price column, there is positive growth in both six month values compared to the twelve month values. This indicates more steady increase in Braemar Patio homes. Time will tell us how continued interest rate hikes affect values.

When it comes to seller subsidy, this is where we learn how much closing cost help buyers were able to negotiate from their Braemar Patio home sellers. With that whopping $13,000 on the books in one of two of the most recent sales, it is no surprise to see the six month average topping the twelve month average seller subsidy. Better news for now, is that the six and twelve month median seller subsidy values are at zero. That means more than half of Braemar Patio home sellers in both time frames gave nothing in closing cost help.

Days on market has increased on average when we look at the six month marketing time compared to the twelve month marketing time. The median values for six and twelve months is the same at five days. Better news here is that the most recent sales fall in line with those shorter median marketing times.

If you placed your Braemar Patio home on the market, priced to current conditions, you could still expect high buyer demand. As more buyers compete for limited inventory, your Patio home is likely to be under contract in five days or less. However, as interest rates increase, you may find yourself in a position to give some seller subsidy to help a buyer. The way to avoid that is to have a skilled negotiator on your side. Listing agents that can create buyer enthusiasm through expert preparation advice and professional marketing create that multiple offer situation where buyers must put their best foot forward to win your listing.

The next Braemar Patio Quarterly will be out in July. Between now and then we do expect demand for housing will continue to be strong, despite rising interest rates. If the time is nearing for you to sell, don’t rely on market conditions alone for the best outcome. Get in touch with me for a confidential market analysis and find out how my sellers are continually on top of the market, no matter the conditions. 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 Condo Quarterly: January-March 2022 (1st Quarter)

Braemar Condo Quarterly: January-March 2022 (1st Quarter)

If there is one thing that really bring me down, it is the weather; more specifically, rainy dreary conditions for multiple days in a row. The good news, is that our spring vegetation is getting plenty of hydration and a rainy day is a great day to stay inside and put together my Braemar market reports.

Today it is time for the Braemar Condo Quarterly. Some folks are not aware that they are condos in our community. Somehow, condos evoke an image of a building with multiple units per floor, like an apartment. Condos can be any type of structure. In the particular case of Braemar condos, ours are townhouses. What makes them condos is a shared form of ownership of the entire condo complex, which would include structures and common area.

During the first quarter of 2022, only one Braemar condo sold. I am sure more would have sold had they been on the market, but only one Braemar condo seller set out to list in the first quarter. Details of that sale are listed below.

Clearly the first quarter was a great time to list. This seller got $26,000 above their list price and gave no seller subsidy (closing cost help.) This is also a case where the home was never active for buyers to see. Rather, the buyer wrote a sight unseen offer. You can read my thoughts on sight unseen offers by clicking the link in the last sentence.

When the first quarter of 2022 sales are combined with the second, third and fourth quarter sales of 2021, one year’s worth of Braemar condo sales give me the opportunity to update our six and twelve month data points. From here we can spot market trends.

Starting in the sold price column, we see the six month average sold price has fallen slightly below the twelve month average sold price. Meanwhile, the median sold price in both six and twelve month values is the same. Seems that while we are still in a seller’s market, Braemar condo values are holding steady in value. No dramatic increases in value at this time.

Seller subsidy is zero in all but the twelve month average. That comes from three out of eleven Braemar condo sellers giving closing cost help in the past twelve months. It’s been a long time since I have seen an offer of seller subsidy from a seller. The way these credits usually come about is part of the initial offer presented by buyer. Having a listing agent that may not realize these requests are off base in our current market could hurt a seller. It does matter who you hire to list your home.

Marketing time is six days in all but the twelve month average value. In that case, the marketing time is only two days longer. Braemar condos are selling fast.

If you placed your Braemar condo 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 sell without having to give seller subsidy. With the sales I have handled to date in 2022, no listings have had to undergo appraisal contingencies or inspection contingencies.

The next Braemar Condo Quarterly will be out in July. Until then, if you would like to talk over what a 2022 sale might mean for you, reach out to me for a no obligation consultation. As a home owner here myself, selling Braemar real estate is my pride and joy. And with my seventeen years of experience in listing preparation, professional marketing and negotiation, my sellers get every penny out of the market…even a seller’s market. Don’t leave your outcome to chance and rely solely on market conditions. 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 Townhouse Report: January-February 2022

Braemar Townhouse Report: January-February 2022

Welcome to another edition of the Braemar Townhouse Report which focuses on traditional townhouse sales in our neighborhood. What’s a traditional townhouse? One with three levels, attached only on the side(s) and with a backyard. This particular edition details sales from the first two months of the year.

During January and February there were two townhouses in Braemar that sold. Details are listed below:

What stands out about these sales immediately is that they both sold above list price, gave nothing in closing cost help and sold in four days or less. When combined with the Braemar townhouse sales going back to March 2021, the twelve months of data collected provides updated six and twelve month data points that are tracked for market trends. Here’s what get this report:

Let’s start by looking at the sold price column. For the first time since early 2019, both the six month average and six month median sold prices are below their respective twelve month values. This is an indication that the market may be changing. Early indicators in the market this year through my own experience tell me that is not the case. While the second half of 2021 was definitely a less hectic pace for buyers, it was still a seller’s market. However, the slight cooling of demand had an impact. As we move further into 2022, I suspect the upward growth will return in future reports.

In the seller subsidy column we see the only values that are above zero are in the six and twelve month averages. That is because out of the sixty-six sales of Braemar townhouses in the past year, only five give closing cost help. Better statistics are the median seller subsidies at zero. This means more than half of Braemar townhouse sellers in both time frames gave nothing in closing cost help.

Days on market ticked up in both six month values compared to their twelve month counterparts. The increases are low and based on the most current sales, we are likely to see a reversal of this upward turn in future reports.

If you placed your Braemar townhouse 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 closing cost help. As more and more buyers compete for the very limited inventory on the market, offers are extremely seller favored.

The next Braemar Townhouse Report will be out in May. Until then, if you want to talk about what a 2022 sale could mean for you, please don’t hesitate to reach out. It is my pleasure to walk you through why a seller’s market alone does not bear out the top of the market prices. Sellers need proper preparation advice, professional marketing and skilled negotiation on their side. When you hire me that is what you get, topped off with neighborhood expertise. 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: January-February 2022 (NV Homes)

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

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

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

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

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

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

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

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

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

Chris Ann Cleland 
Associate Broker, Licensed in VA
Long & Foster Real Estate
703-402-0037, ChrisAnn@LNF.com
www.SellingBraemar.com
www.UncompromisingValues.com
www.ChrisAnnCleland.com