Braemar Property Value Report: July-August 2017 (Ryan Homes)

Braemar Property Value Report: July-August 2017 (Ryan Homes)

This is my favorite time of year.  There is something special about the fall season.  The changing foliage, the chill in the air and even the smells associated with falls.  Seeing pumpkins yesterday at Wegman’s made me smile.  It will be time to hand out my Braemar trick-or-treat Bags soon, but not yet.  I’ve still got Braemar Property Value Report to do.  Today it is time for the Braemar Property Value Report focusing on sales of Ryan Homes between July and August.

There were three Ryan Homes that sold in the last two months of summer.  The details are listed below:

Adding these most recent sales in with our rolling six and twelve month values we find that the six month average and median values are much higher than the twelve month average and median values.  This is great news.  That means values are moving up.   Marketing time is going down from the long term to the short term, which is also good news.  However, seller subsidy (closing cost help) is on the rise in the short term.

If you placed your Braemar Ryan Home on the market, priced to current conditions, you could expect it to be under contract in less than two weeks.  You could also expect to lay out about $5,500 in closing cost assistance.

The next Braemar Property Value Report will be out in November.  Until then, if you want to know how these most recent sales are affecting the value of your Braemar home, call me 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

Advertisements

Braemar Property Value Report: July-August 2017 (NV Homes)

Braemar Property Value Report: July-August 2017 (NV Homes)

Fall has definitely hit Bristow.  The cooling temperatures took me by surprise over the weekend when I was out showing property.  Made me wish I had taken a lightweight jacket with me.  And the early morning temperatures in my home are letting me know it will soon be time to turn on the furnace, at least in the overnights.

On this cool fall day, let’s take a look at what happened with the sale of NV Homes in Braemar during the months of July and August.  We’ll take a look at the sales from that time, add them into our rolling data points, and see whether we are going up, down or remaining stable when it comes to value, seller subsidy (closing cost assistance to buyers) and marketing time.

There were three NV Homes that sold during the last two months of summer.  The details of those sales are as follows:

You can easily see that none of these sales took more than a month to go under contract.  In fact, two of the three were under contract in less than two weeks.  One in less in than one week.

When we take these sales and update our rolling six month and twelve month values, we find that only one of the most recent sales is above the six month average and median sold price.  And the six month seller subsidy data points are lower than two of these sales.  These two indications aren’t great, but the marketing time (DOM) for all three most recent sales are at, or below the lowest of the six month marketing figures.

Even just looking at the six month marketing figures to the twelve month marketing figures we see prices increasing, closing costs and marketing time going down.  Those trends may not be entirely present in the recent sales comparison to the six month average and median values, but the overall six month values to the twelve month values indicate seller friendly trends.  Only time will tell if these trends continue.

The next Braemar Property Value Report will be out in November and will focus on the homes sold in September and October.  Until then, if you want to know how the most recent sales in Braemar 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

Braemar Property Value Report:  July-August 2017 (Heritage Series)

Braemar Property Value Report:  July-August 2017 (Heritage Series)

What a crummy day.  Nothing but dreary skies and rain.  Of course, these crappy weather days are great for putting together local real estate market reports.   Today I am working on the Braemar Property Value Report for Heritage Series homes in Braemar.  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.  

There were five Braemar Heritage homes that sold between the months of July and August.  The sales are detailed below:

When we add these sales to the rolling six and twelve month data points, we immediately see that all but one of these most recent sales falls below the six month average median and sold price, seller subsidy and above the marketing time.  And given that the six month sold values are not much higher than the twelve month values, it seems that at best, our Heritage home values are holding steady.  We also see stability in seller subsidy (closing cost assistance to buyers) from the six month figures to the twelve month figures.  Seller subsidy average and median values have ticked up a tad, but nothing alarming.  Meanwhile, marketing time looks like it may be coming down in the six month values, compared to the twelve month values.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could reasonably expect it to be under contract in under two week, or a little more three weeks.  (If you do the right listing prep and hire a great listing agent, you can go under contract in two days like my sellers at 9996 Broadsword Drive.)  You could also expect to pay about $5,000 in closing cost help to the buyer.

The next Braemar Property Value Report will be out in November.  Until then, if you want to know how these most recent 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

Braemar Property Values:  July-August 2017 (Carriage Series)

Braemar Property Values:  July-August 2017 (Carriage Series)

For some reason, this doesn’t feel like a holiday weekend to me.  Maybe it is because I haven’t fired up the grill and done the American classic holiday weekend meal–hot dogs and hamburgers.  The sunshine outside today is certainly inviting me to come on out and enjoy.

Before I finish work and head for the grill, it is time for another Braemar Property Value Report.  This one will focus on sales of Braemar Carriage homes in July and August.  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 four Braemar Carriage home sales in July and August.  The details are below:

When we look at the six and twelve month average and median data, we see that sold prices are stable over the last year.  What has gone up a bit in the six month median compared to the twelve month median is the closing cost help (seller subsidy.)  Otherwise, marketing times have also been fairly predictable.

If you put your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in as fast as a week, or in an average of three weeks.  You could also expect to pay somewhere between $4,700 to $7,000 in closing cost assistance.  Of course, as you can see in the detailed sales above, sometimes buyers need more, and sometimes buyer don’t need any.

The next Braemar Property Value Report will be out in November.  Until then, if you want to know how the most recent sales of Braemar Carriage homes is affecting your homes 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:  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