Braemar Property Value Report:  May-June 2017 (Ryan Homes)

Braemar Property Value Report:  May-June 2017 (Ryan Homes)

The kind of heat wave we are experiencing in Bristow is one that makes you not want to eat.  Foods that normally favorites, like hamburgers, just sound too heavy.   One of my favorites for weather like this is a watermelon and cucumber salad.  Simply cut them both up, put in some of the juice from the watermelon, add salt and you have a light, refreshing salad.  It lasts for days in the refrigerator too.

Just as none of us can do anything but wait through the summer heat, I can’t do anything but report Braemar home values to you in the Braemar Property Value Report.  Selling Braemar homes is my specialty, but no matter the sale, it is always going to be subject to whatever the market conditions happen to be.  So right now, let’s find out what the market conditions are for Ryan Homes in our neighborhood.

There were four Ryan homes that sold between May and June.  Details below.

When we combine those sales with our rolling six and twelve month data pool, what we find is encouraging.

All but one of the Ryan homes sales were above the average and median values of the last six months.  And even comparing the six month average and median sold prices to the respective twelve month values, we find that prices in the short term are higher.  That means values are pushing up.    Unfortunately, seller subsidy (closing cost assistance for buyers) has crept up a bit, but marketing time (DOM) has improved.

If you placed your Ryan home on the market, priced to current conditions, you could expect it to be under contract in about a week, or maybe a little longer than three weeks.  You could also expect to pay about $6,000 in closing cost assistance to a buyer.

The next Braemar Property Value Report will be out in late September.  Until then, if you want to know how these most recent sales affect your specific home’s value, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Braemar Property Value Report:  May-June 2017 (Heritage Series)

Braemar Property Value Report:  May-June 2017 (Heritage Series)

May and June have traditionally been months seeing the most real estate sales activity in Braemar.  This edition of the Braemar Property Value Report, focusing on sales in the Heritage Series, is not breaking that tradition.

Before we get started, let’s clarify what makes a home a Braemar Heritage home.  Heritage homes are the mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery & Waverly.  Of course, Coscan, before they became Brookfield Homes, had some floor plans that crop up occasionally in the older section of Braemar.  They are the size of Heritage homes, thus included in this report.

There were thirteen Braemar Heritage homes that sold between May and June.  That’s a lot when it comes to reporting sales in this series.  The sold prices ranged from $405,000 to $532,500 and are detailed below:

When we combine these thirteen sales with our rolling six and twelve month values, we are able to see what’s happening with values, seller subsidy and marketing time.

Both six month sold values (average and median) are higher than their respective twelve month values.  This shows us that values for Braemar Heritage homes are still moving up.  By comparing the seller subsidy in the shorter term six month value markers to the longer term twelve month markers, we find that closing cost assistance is easing up a bit on sellers.  And marketing time appears to be speeding up in the six month values compared to the twelve month values.  All good news.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could reasonably expect it to be under contract anywhere from mere days to as long as a month.  You could also expect to shell out $3,000 to about $4,000 in closing cost help to your buyer.  Most sellers are still paying something in closing cost help.

The next Braemar Property Value Report will be out in late September.  Until then, if you want to find out how these most recent sales have affected your own home’s value, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

 

Braemar Property Value Report:  May-June 2017 (Courtyard Series)

Braemar Property Value Report:  May-June 2017 (Courtyard Series)

When it comes to writing Braemar Property Value Reports, perhaps the hardest part is coming up with the opening.  Facts and figures are easy to discuss, but coming up with a snazzy open to a market report takes some inspiration.  Having spent the last two days as the “crazy aunt” to two nieces, ages six and eight, I don’t think my brain is quite ready for work again.  Of course, that could just be the abnormal amounts of sugar consumed while sharing meals with the nieces.

Let’s just kick this into gear and get to the good stuff, and that is telling you what is happening with Braemar Courtyard home values.  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.

During the months of May and June, there were two Courtyard homes that sold.  

When we take these most recent sales and combine them with our rolling six and twelve month values, what we find is encouraging.  The six month average and median sold prices are both over 3% higher than their respective twelve month counterparts.  That means values are pushing up for Braemar Courtyard homes.  And even better to see that six month seller subsidy and marketing time is also improved over the twelve month markers.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could reasonably expect it to be under contract in less than three weeks.  Your buyer may or may not request some closing cost assistance.

The next Braemar Property Value Report will be out in late September.  Until then, if you want to know how these most recent Courtyard home sales are affecting your specific home’s value, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Braemar Property Value Report: March-April 2017 (Ryan Homes)

Braemar Property Value Report:  March-April 2017 (Ryan Homes)

It is Memorial Day Weekend in Braemar and it makes me proud to see so many homes displaying the American flag.  Some of our neighbors going the extra mile and putting miniature flags around the periemter of their front yard.  What a nice touch, as we approach a day of remembrance for those military members who lost their lives in the line of duty to our country.

There isn’t much on the radar for this holiday weekend for this Braemar Real Estate Agent, except of course, keeping you informed about our Braemar real estate market.  In this edition of the Braemar Property Value Report we will look at the Ryan Homes sales activity from March to April.

There was only one Ryan Home that sold in our sampling period.  It was a Ravenwood model with two finished levels.  It listed at $484,000 and sold for $490,000.  It hit the market and was immediately under contract.   The sellers also gave $10,000 in closing cost help (seller subsidy.)

When we put this sale in with our rolling six and twelve month data for Ryan Homes, we see that Ryan Home values are on the rise.  The six month average sold price is quite a bit higher than the twelve month average sold price.  The six month median sold price is also quite a bit higher than the twelve month median sold price.  This is good news.    Looking at other six month data points to twelve month data points, we see that marketing time is increasing, as is seller subsidy.  These are not the figures you like to see increase.

If you placed your Ryan Home on market, priced to current conditions, you could reasonably expect it ot be under contract in about a month or forty days.  You could also expect that a buyer will request closing cost assistance in the range of $7,500 to $8,200.

The next Braemar Property Value Report will be in July and will focus on sales from the month of May and June.  Until then, when you want to know what your Braemar home is
worth, give me a call for a free market analysis.  Selling Braemar homes is my specialty and I would love to be of assistance.  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 Property Value Report: March-April 2017 (NV Homes)

Braemar Property Value Report:  March-April 2017 (NV Homes)

The sun is shining brightly in Bristow today, after countless days of cloud cover.  That makes it a great day for me.  Even the sight of a rat snake in the road on Native Rocks Drive didn’t get me.  He’s needed some sun too.  Unfortunately, I think he also got hit by a car, because he wasn’t moving.

Braemar’s real estate market certainly is moving.  In this edition of the Braemar Property Value Report we are going to examine the sales activity of NV Homes between the months of March and April.

There were three NV Homes that sold between the beginning of March and end of April.   Their sold prices ranged from $528,400 to $570,000.  And as you can see, $570,000 was a sold price repeated twice.

When we take these sales and put them into our rolling six and twelve month values, we see that, while the average sold price for six months is a little bit lower than the twelve month average, the six month median value is a nice increase over the twelve month median.  Other increases in the six month values vs. twelve month values are not as welcome–higher marketing time and increase in seller subsidy (closing cost assistance.)

If you placed your Braemar NV Home on the market, priced to current conditions, it may take about a month and a half to get under contract.  These larger homes in Braemar aren’t getting snapped up quickly.  Often times, the higher priced homes take longer to sell than townhouses or smaller single family homes.  You may also find yourself paying around $7,400 to $9,500 in closing cost help.

The next Braemar Property Value Report will be out in July and will focus on sales between May and June.  Until then, when you want to know what your own Braemar home is worth, give me a call at 703-402-0037 for a free market analysis.  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 Property Value Report: March-April 2017 (Carriage Series)

Braemar Property Value Report:  March-April 2017 (Carriage Series)

Another overcast weekend day is making for the perfect opportunity for this Braemar Real Estate Agent to update you on Braemar home values.  This particular report focuses on sales activity for Braemar Carriage homes in March and April.   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.

There were six sales of Braemar Carriage homes between the beginning of March and end of April.  

Two of the six sales were four bedroom homes, four of them were three bedroom homes.  The final sold prices ranged from $325,000 to $430,000.  It is a pleasure to have been the Braemar Listing Agent for the Carriage homes that garnered the highest sold prices.  The majority of these sales had garages and sold in about a week or less.

When we look at the rolling six month and twelve month rolling average and median sold prices, we find that six month average sold price is up from the twelve month average sold price, but the six month median sold price is down from the twelve month median.   The same holds true for seller subsidy.  All in all, Braemar Carriage home values are holding steady.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in anywhere from 8 days to 24 days.  You could also expect a buyer to request an average of about $4,000 in closing cost help.

The next Braemar Property Value Report will be out in July and will cover the months of May and June.  In the meantime, if you want to see how these sales have affected your home’s value, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: March-April 2017 (Arista Series)

Braemar Property Value Report:  March-April 2017 (Arista Series)

Gray, overcast weekend days are perfect for getting things done.  In my world, being a full-time Bristow Real Estate Agent, that means taking time to run numbers for any one of my Braemar Property Value Reports.  This particular report focuses on March and APril sales in the Arista Series.  Arista Series homes are the large, single family homes built by Brookfield Homes.  The floor plans include the Allister, Buckingham and Canterbury. 

There was only one sale of a Braemar Arista Series home during the months of March and April.  It was a four bedroom, four and a half bathroom, three finished level Allister on a cul-de-sac lot.  It was located at 9535 Laurencekirk Place and listed for $499,000.  It was sold by an investor who had recently picked it up at the foreclosure auction and improved it with new carpet and paint.  It sold for $499,000 after only four days on the market.

When we put this sale in with our rolling six month and twelve month data, we see it is a low sold price compared the six and twelve month medians and averages. Unfortunately, when we compare the six month numbers to the twelve month numbers we find that the rolling six month average sold price is a little lower than twelve month average sold price.  And the rolling six month median sold price is shows an even larger loss compared to the rolling twelve month median sold price.  Let’s hope these falling values are not a continuing trend.

If you placed your Braemar Arista Series home on the market, priced to current conditions, the six month average and median marketing time suggests you would be under contract in a little less than one month.  You could also expect to shell out some seller subsidy, also know as closing cost help to the buyer.  The six month average and median numbers put that expectation anywhere between about $7,300 to $10,000.

The next Braemar Property Value Report will be out in July and will give us more recent information as we pull in May and June’s data into our rolling averages.  Until then, when you are ready to sell 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com