Braemar Property Value Report: September-October 2017 (Courtyard Series)

Braemar Property Value Report: September-October 2017 (Courtyard Series)

It’s time for another Braemar Property Value Report.  This one features homes in the Courtyard Series.  At the moment I have a fantastic Braemar Courtyard home on the market at 10119 Orland Stone.  It’s listed for $417,000. Take a look and let me know what you think.

If you didn’t know, Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

There were three sales of Courtyard homes in Braemar in September and October.  The details of each sale are listed below:

When we take these sales and put them in with our rolling six and twelve month values, here is what we find:

The final sales prices in the short term figures are higher than those longer term figures.  That means values of Braemar Courtyard homes are up.  Closing cost assistance (seller subsidy) and marketing time are very stable.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in two to three weeks based on these figures.  You could also expect a buyer to request some closing cost help.

The next Braemar Property Value Report will be out in the New Year.  Until then, keep me in mind when you are ready to list your Braemar home.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

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Braemar Property Value Report: September-October 2017 (Carriage Series)

Braemar Property Value Report: September-October 2017 (Carriage Series)

The holiday decorations are popping up all over Braemar.  This is my favorite time of the year in Braemar.  Of course, this is the time of year my husband I fell in love with Braemar.  We were checking out the neighborhood one holiday night and were driving around Iona Sound.  The Carriage homes felt like homes you would find under a Christmas tree.  Still feel the same way today.  I love the Braemar Carriage homes.

This edition of the Braemar Property Value Report focuses on the sales of Carriage homes during the months of September and October.  In case you don’t know what defines a Braemar Carriage home, they 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.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were three Braemar Carriage homes that sold during our reporting period.  The details for these three sales are below.

When we take these sales and put them into our rolling six and twelve month values, what we find is this:

The short term sold prices are higher than the long term sold prices.  That means values for Braemar Carriage homes are still increasing!   Closing costs are a little higher in the short term, and unfortunately, so is marketing time.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in about three weeks time.  You could also expect to pay about $5,000 in closing cost help to your buyer.

The next Braemar Property Value Report will be out in the new year.  Until then, when you are ready to sell your Braemar Carriage home, give me a call for a listing agent that is as knowledgeable as she is passionate about your home and the neighborhood.   Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: September-October 2017 (Arista Series)

Braemar Property Value Report: September-October 2017 (Arista Series)

It was a great sight when I approached the stop sign at Broadsword Drive from Native Rocks Drive.  There, in front of me and to the left was an elegant, yet simply gorgeous display of Christmas lights on a Canterbury.  This particular home makes me smile every holiday season.   This may be the weekend that a lot of Braemar residents are indeed decorating for the Christmas holiday.  The various holiday displays definitely bring our neighborhood cheer.

Well, you may be ready for the holiday season, but I’m going to take you back to the months of September and October in this edition of the Braemar Property Value Report.  In this particular report, the focus is on Arista Series homes in the neighborhood,   Arista Series homes are the large, single family homes built by Brookfield Homes.  Floor plans include the Allister, Buckingham and Canterbury.

As does happen from time to time, there were no home sales to report in the Arista Series in September and October.  However, with our rolling six month and twelve month averages adjusted to have dropped any activity from September and October 2016, here’s what we find:

Only one sale makes up the six month values above.  Yeah, it is lower than the combined twelve month average and median sold prices, but don’t panic.  We need more information to determine whether or not we are gaining or losing ground.  When in doubt, I assume we are stable.

The next Braemar Property Value Report will be out in the new year.  Until then, I hope you all enjoy your holiday season.  As always, when you are ready to sell your Braemar home, call this neighborhood expert.  Since 2005, No One Knows Braemar Better.

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

Braemar Reflection Quarterly: July-September 2017 (3rd Quarter)

Braemar Reflection Quarterly: July-September 2017 (3rd Quarter)

Before I head out shopping this weekend, I am making sure I get all my Braemar quarterly market reports done.  This one, detailing what the third quarter meant for Braemar Reflection homes, is bringing up the rear.

Let’s clarify what defines a Braemar Reflection home.  These are the single family homes connected only at the rear load garage.  You will only find these homes on Tarvie Circle.

Because the Braemar Reflection homes make up such a small portion of the homes in the neighborhood, it is not surprising when we hit a quarter when there are no sales to report.  This is one of those times.

Even though there are no sales to report, the rolling six and twelve month data points can be updated as we removed the third quarter of 2016 from the mix.  Here is what we find in the updated numbers:

The good news is that most recent sale, which is the number we see in the six month sales price, is higher than that of the twelve month median and average.   The twelve month sales price numbers are a combination of that $440,000 sale and one at $404,000 that had an unfinished basement.

If you placed your Braemar Reflection home on the market, priced to current conditions, you could expect it to be under contract in about three weeks.  You could also expect that to pay about 1 1/2% of the sales price in closing cost help to your buyer.

The next Braemar Refelction Quarterly will be out in the new year.  Until then, if you have been thinking of selling your Braemar home, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

 

Braemar Piggyback Quarterly: July-September 2017 (3rd Quarter)

Braemar Piggyback Quarterly: July-September 2017 (3rd Quarter)

If I were to guess what a lot of Braemar home owners were doing this weekend, I would guess shopping.  The Black Friday weekend ushers in the shopping frenzy to Christmas.  While you may be focused on the fourth quarter activities, this Braemar Piggyback Quarterly report is going to take you back to the third quarter.

Before we begin, let me tell you what defines a Braemar Piggyback townhouse.  These are the townhouses with two car garages, attached at the sides and back.  They have no back yard, like traditional townhouses.

There were three Braemar Piggyback townhouses that sold between the beginning of July and end of September.  Those sales are detailed below.

When we take these sales and freshen up our rolling six and twelve month data points, we find that everything from sold prices, seller subsidy and marketing time are remaining stable.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in a little more than a month.  You also may not have to pay a dime in closing cost help to your buyer.

The next Piggyback Quarterly will be out in the new year.  Until then, when you are ready to sell your Braemar home, give me a call at 703-402-0037.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

 

Braemar Patio Quarterly: July-September 2017 (Third Quarter)

Braemar Patio Quarterly: July-September 2017 (Third Quarter)

If you own a Braemar Patio home, perhaps you have been wondering where the third quarter report for homes like yours has been.  I am sorry for the delay.  The fall market in Braemar picked up and my market reports got lost in the shuffle.  However, this long holiday weekend is a great time to get you up to date on what’s been happening with Braemar Patio homes.

For starters, a Braemar Patio home is also know as a quad.  They are the two level homes, attached on two sides and one corner. All of them have a one car garage.  Above is an example of a Braemar Patio home.

During the months that make up the third quarter of 2017, there were no sales of Braemar Patio homes.  Makes giving you new information impossible.  However, we can look back at what our rolling six and twelve month data points tell us now that the third quarter of 2016 has dropped off.

The six month average and median value at $320,000 is definitely higher than the twelve month values.  Seller subsidy average and median is nearly the same in all data points at $5,000, or close to that.  And days on market are low.  Even the highest days on market represented here is eleven days.  That’s the twelve month average marketing time.

If you placed your Braemar Patio home on the market, priced to current conditions, you could expect that it would be under contract in under a week, possibly as long as two weeks.  You could also expect to shell out about $5,000 in seller subsidy (closing cost assistance to your buyer.)

The next Braemar Patio Quarterly will be out in the new year.  Until then, when you are ready to sell your Braemar Patio home, give this neighborhood expert a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

Braemar Condo Quarterly: July-September 2017 (3rd Quarter)

Braemar Condo Quarterly: July-September 2017 (3rd Quarter)

While our minds are well into the end of the year, and the holidays that accompany this time of year, it is time for another Braemar Condo Quarterly report for the third quarter of 2017.  Let’s step back to the months of July, August and September and see what happened with Braemar condo sales.

There were three Braemar condos that sold in the third quarter.  The sales are detailed below:

Sold prices ranged from $238,000 to $264,900.  When we take these sales and update our rolling six month and twelve month data for Braemar condos, here is what we find:

Over the last year, we have had twelve Braemar condo sales.  And oddly enough, six of those sales make up our six month rolling data pool.  So on average, we are selling one Braemar condo a month.  And as you can see from the numbers above, Braemar condo values are remaining stable at about $250,000.  Unfortunately, as of today there is a Braemar condo for sale at $229,000.  That, coupled with the most recent sold price of $238,000, may mean that Braemar condos are starting to slip in value.

If you placed your Braemar condo on the market, you could expect it to be under contract in a little more than a week to nearly three weeks time.  You could also expect to pay around $3,500 to $4,000 in closing cost assistance to the buyer.

The next Braemar Condo Quarterly will be out in the new year.  Until then, if you need to sell your Braemar condo, give me a call.  I’ll share with you the pros and cons of listing now or waiting for spring.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com