Braemar Townhouse Report: January-February 2017

Braemar Townhouse Report: January-February 2017

Been wondering what your Braemar townhouse is worth?  Well, this edition of the Braemar Townhouse Report is sure to help get in the ball park of your townhome’s value.  In this report, we are looking back to the first two months of 2017.

Between January and February there were three Braemar townhouses that sold.  Details of those sales are shown below.

Three sales aren’t very many for a two month period when it comes to Braemar townhouse sales.  Simply put, there just weren’t any others on the market.  Hence the low marketing time (DOM.)  And there is no doubt that some of these townhouses likely faced multiple offers.  Let’s see how the sales detailed above jive with the six and twelve month average and median values.

All but one of the sales are well above the six and twelve month average and median sales prices.  The closing cost assistance (seller subsidy) in two of the three cases are well below the average and median values.  Best news yet, the marketing time in all three sales are lower than even the lowest marketing time, found in the twelve month mediam marketing time.

When comparing the six month sales prices to the twelve month prices, we see a tick up in average value, but median value remaining steady.  My Braemar real estate gut is telling me that our townhouse values are on the rise.  By next report, I expect to see a larger difference in the six and twelve month values.

If you placed your Braemar townhouse on the market, priced to current conditions, you would likely be under contract in about a week or less.  And hopefully, the trend of lower seller subsidy continues.  Worst case, from the six month median value, you could expect to give just under $6,000 in closing cost assistance.

The next Braemar Townhouse Report will be out in May.  At that point in time, we’ll be able to throw in the sales data from March and April and see how things are looking.  Until then, give me a call for the best results when selling your Braemar townhouse.  Since 2005, No One Knows Braemar Better.

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

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Braemar Property Value Report: January-February 2017 (Carriage Series)

Braemar Property Value Report:  January-February 2017 (Carriage Series)

A rainy day in Bristow is a great time to sit down in front of my computer and tell
you all about the Braemar real estate market.
 It is Braemar Property Value Report time, after all.  And in this report, we are going to focus on sales in the first two months of the year in the Carriage Series.  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.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

The last report, which covered the last two months of 2016, displayed a rare occurrence where absolutely no Braemar Carriage homes sold.  This reporting period we had one sale.  It was a five bedroom Parkdale model with three finished levels that listed and sold for $424,500.  It was under contract in only eight days and the sellers gave $4,000 in closing cost help.  So how does that compare with what’s been happening in the Braemar Carriage home market?  Well, the sales price of $424,500 is higher than all six month and twelve month average and median prices.

Just comparing the six month average and median sales prices with the twelve month average and median prices, we see that values for Braemar Carriage homes are trending up.  That’s a very good thing.  At the same time, the six month numbers for closing cost assistance are lower than the twelve month numbers.  Another good indicator.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in seven to twenty-two days time.  Probably on the lower side if we continue to have this shortage of homes for sale and high buyer demand.  You could also expect that a buyer will request some closing cost help.  In the ball park of $4,000 seems to be the most likely case.

The next Braemar Property Value Report will be out in May and will cover the months of March and April.  In the meantime, when you are ready for a more specific analysis of your home’s worth in the market, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Townhouse Report: November-December 2016

Braemar Townhouse Report:  November-December 2016

What a week it has been!  I feel like it’s May and I haven’t seen my husband or talked to Braemar Townhousemy friends in days.  That’s what happens when buyers and sellers come back out of hibernation.  Even though we still have some winter ahead of us, the activity I am seeing tells me that now is the time to capitalize on Braemar buyers who are out and about.  Right now, let’s go back to the last two months of 2016 for a look at the sales activity for Braemar townhouses in this edition of the Braemar Townhouse Report.

There were eight Braemar townhouses that sold between the beginning of November and end of December.  Their prices ranged from $275,000 to $335,000.  The average of all eight gives us our new average market value for Braemar townhouses of $310,475.  That’s over a 5.5% increase since last report and over a 12.5% increase in average value since last year.

Braemar Townhouse Report: November-December 2016

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of 24 days.  You could also expect to shell out an average of 2% of the sales price in closing cost help for your buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Townhouse Report will be out in March and will focus on the first two months of 2017.  Until then, if you want to get the jump on the spring market, call me for a free market analysis of your specific Braemar home’s worth.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.

Braemar Property Value Report: November-December 2016 (Ryan Homes)

Braemar Property Value Report:  November-December 2016 (Ryan Homes)

With all the real estate activity I am seeing, it feels like spring.   The only problem we are experiencing is a lack of inventory to accommodate the buyers looking to make Braemar their home.  Maybe you are about to read this Braemar Property Value Report Oberlin Model by Ryan Homes in Braemarwith the thought that if the numbers were right, this may be the year you sell.  If so, call me and I’ll get a much more specific market analysis together for you.  For now, these are some very general numbers showing what happening in single family homes, built by Ryan Homes in Braemar.  The sales period we are looking back at is November and December 2016.

There were two Ryan Homes that sold the last two months of 2016.  The high sold price was $476,000 and was a Ravenwood with five bedrooms, three and a half bathrooms and fully finished walk out basement.  The low sold price was a  Dunkirk model that sold for $425,000.  It had four bedrooms, three and a half bathrooms and a fully finished walk up basement.  The average of these two sales give us our new average market value for Ryan Homes in Braemar of $450,500.  That’s a increase of nearly 5.5% since last report, but a decrease of over 4% since last year.  Of course, there are still larger Ryan Homes in the neighborhood than are represented by these two floor plans that sold, so please bear that in mind.

Braemar Property Value Report:  November-December 2016 (Ryan Homes)

If you placed you Ryan Home on the market, priced to current conditions, you could expect it to be under contract in a little over five weeks.  You could also expect to give about 1% of the sales price in closing cost help for the buyer.

The next Braemar Property Value Report will be out in March and will detail sales from the Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037months of January and February.  In the meantime, when you are ready to sell, call me for a free market analysis of your home’s value in today’s marketplace.  Since 2005, No One Knows Braemar Better!  

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: September-October 2016 (Heritage Series)

Braemar Property Value Report:  September-October 2016 (Heritage Series)

Seems Mother Nature has whipped up some serious wind gusts in Bristow today.  Guess that’s her way of getting the rest of these autumn leaves off of trees.  High speed Yardley in Braemarwind gusts always get my attention when I’m in my home.  I know that houses are designed to have siding be flexible and the roof be able to handle the pressure of the winds, but the noise of it happening, particularly in my home office above the garage always gets me a little nervous.   Nonetheless, here I sit in my home office, listening to those thuds as I type up this edition of the Braemar Property Value Report, focusing on sales of Heritage Series homes.  Heritage Series homes are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly.  

There were three Braemar Heritage homes that sold between the beginning of September and end of October.  Two were Yardleys (the most popular floor plan in Braemar) and the other an Exeter.  Their sold prices ranged from $435,000 to $480,000.  Averaging all three we get our new average market value for a Braemar Heritage Series home of $457,000.  That’s not quite a 1/2% increase in average value since last report, but it is over a 6% increase in average value since last year.

Braemar Property Value Report:  September-October 2016 (Heritage Series)

If you placed your Braemar Heritage home on the market, priced to current market conditions, you could expect it to be under contract in an average of just over two months.  You could also expect to pay nearly 1.5% of the sales price in closing cost help for the buyer.

The next Braemar Property Value Report will be out in January and will detail sales from the months of November and December.  Until then, when you are ready to sell, give me and call and let’s talk about the specific value of your Braemar home.  Since 2005No One Knows Braemar Better!

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (Heritage Series)

Braemar Property Value Report:  March-April 2016 (Heritage Series)

In the next few days we will be seeing more motorcycles in the area as the annual Memorial Day Weekend tradition of Rolling Thunder nears.  Keep an eye out for Yardley in Braemarmotorcyclists when you are on the roads and keep a safe distance in traffic.

Before we head into the holiday weekend, let’s take this opportunity to go over the Braemar Property Value Report for Heritage Series homes in our neighborhood.  Heritage Series homes, for those who may not be familiar, are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly.  

There were five Heritage Series homes that sold in March and April.  The low sold price was $416,500.  The high sold price was $519,500.  The average of all five sales gives us our new average market values for Heritage Series homes of $453,200.  That is up 4% since last report and up nearly 8% since last year.

Braemar Property Value Report:  March-April 2016 (Heritage Series)

If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect that it would be under contract in an average of about a month and a half.  That’s information from March and April.  Already I am seeing with my own listings, these homes are hardly lasting two weeks right now.  You could also expect to pay a little over 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in late July and will detail sales from Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the months of May and June.  Until then, when you are ready to sell, give me and call and let’s talk about the value of your specific Braemar home.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

Braemar Property Value Report: March-April 2016 (Courtyard Series)

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

The sun is shining and the birds are chirping today in Braemar.  What a pleasant day Braemar Courtyard Home, Bristow, VAafter so many gray and rainy days.  And if you are a Braemar Courtyard home owner, your day will be made even more pleasant by this Braemar Property Value Report.  If you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway and have extremely small outdoor spaces.  It is perfect for home owners who want a detached home, but not a large yard to maintain.  Models include the Arlington, Clarendon and Ballston.

There were three Braemar Courtyard homes that sold between the months of March and April.  Oddly enough, all of them were Ballston models.  The low sold price was $363,000 and the high sold price was $405,000.  Averaging all three sold prices, we get our new average market value for a Braemar Courtyard home of $386,000.  That is nearly a 6% increase in value since last report and an 8% increase in average value since last year.

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a little less than two months.  You could also expect to pay an average almost 2% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July and will detail sales from May Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037and June. Until then, when you are ready to sell your Braemar home, give me a call for a free market analysis.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)