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!