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

 

Advertisements

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

Braemar Property Value Report: September-October 2016 (NV Homes)

Braemar Property Value Report:  September-October 2106 (NV Homes)

It was another gusty day in Bristow today.  Fortunately, I didn’t have to spend much time out in it.  My biggest venture out today was grocery shopping.  Not sure why I thought that wouldn’t be so bad, but the Thanksgiving rush was hitting Wegman’s.  For the items Wynterhall by NV HomesWegman’s didn’t have, I stopped by Harris Teeter, and thankfully, their store at the six o’clock hour was quiet…and they had the items I needed.  Took two stops, but the shopping is done.  That leaves me time this evening to tell you about Braemar Property Values for homes built by NV Homes in our neighborhood.

There was only one NV Home that sold between the beginning of September and end of October.  It was a three finished level Collingsworth with six bedrooms and three and a half bathrooms.  It listed for $540,000 and sold for $525,000.  That $525,000 is the only market we have right now for NV Homes property values.   Since this was only one sale, it’s not really fair to compare to last report’s average.  And since there were no sales of NV Homes this time last year, well, there is no year to year comparison.

Braemar Property Value Report:  September-October 2106 (NV Homes)

This NV Home took twenty-one days to go under contract.  If you placed your NV Home on the market right now, priced well, it may take that long at the least to land a buyer.  And like this sale, you may find yourself paying nearly 2% of the sales price in closing cost assistance for the buyer.

The next Braemar Property Value Report will be out in January and detail sales from November and December.  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, 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: 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: July-August 2016 (NV Homes)

Braemar Property Value Report:  July-August 2016 (NV Homes)

The onset of the fall season has brought our temperatures down to the low Wynterhall by NV Homeseighties.  However, if you want to get out and enjoy this weather and the sunshine, do it today.  Looks like we are expecting some rain tomorrow.  Right now, we are going to take a look at the last two months of the Braemar summer real estate market.  This specific Braemar Property Value Report will focus on sales of single family homes built by NV Homes.

There were two NV Homes that sold between the beginning of July and the end of August.  There were both four bedroom, four and a half bathroom homes with some degree of finished basement.  The high sold price was $560,000 and the low sold price of $555,000.  The average of the two sales gives us our new average market value for NV Homes of $577,000.  This is over a 7.5% increase in value since last report.  Unfortunately, because there were no NV Homes sold this time last year, we have no yearly comparison, which I personally find more telling.  We’ll just have to wait for a yearly trend next report.

Braemar Property Value Report: July-August 2016 (NV Homes)

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in an average of five weeks.  You could also expect a buyer to ask for an average of just under 1/2% of the sales price in closing cost help.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Property Value Report will be out in November and will detail sales from the months of September and Ocober.  In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   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: May-June 2016 (Ryan Homes)

 

Braemar Property Value Report:  May-June 2016 (Ryan Homes)

So much going on in Braemar real estate this week.  You wouldn’t believe the amount of work that goes into to getting a home to close on time these days.  I’ve already had two Braemar homes with delayed settlements and narrowly avoided a third late settlement this month.  Perhaps the best news is that a Braemar Short Sale I’ve been working on since last Victoria Model Ryan Home in BraemarFebruary sold yesterday.  As it happens, it was an Oberlin model by Ryan Homes.

Today I have the Braemar Property Value Report for Ryan Homes to tell you about.  This one will detail sales of Ryan Homes in May and June.

There were three Ryan Homes sold, all of them in May.  The high sold price was $538,477. The low sold price was $437,500.  The average of all three gives us our new average market value of Ryan Homes in Braemar of $483,626.  That’s nearly a 10% increase in average market value since last report and barely a measurable increase at all since this time last year.

Braemar Property Value Report:  May-June 2016 (Ryan Homes)

If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in an average of about one week.  You could also expect to pay an average of a little below 1.5% of the sales price in closoing cost help to the buyer.

The next Braemar Property Value Report will be out in late September and will detail sales from the months of July and August.  In the meantime, when you are ready to sell, call me Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037for a free market analysis of your home’s value in today’s marketplace.  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: May-June 2016 (NV Homes)

 

Braemar Property Value Report:  May-June 2016 (NV Homes)

Another summer day in Braemar meant another hot and humid day for folks to enjoy the pools, or kids to chase Pokemon on their cell phones.  Though 2:00am last night/this morning seemed to be prime time for Pokemon catching on Tartan Hills Parkway.  Two young teens, maybe even tweens, standing in the middle of the road.  Are Pokemon really that important?  I suppose they are important enough to someone to be out at the wee hours of the morning.

What’s important to me is getting Braemar homes sold for my sellers and finding great homes for my Braemar buyers.  Wynterhall by NV HomesRight now, my job means putting out this edition of the Braemar Property Value Report that goes over sales of NV Homes between the months of May and June.  So let’s get to it.

There were four NV Homes that sold between the beginning of May and end of June.  The high sold price was $572,000.  The low sold price, repeated twice this reporting period, was $485,000.  The average of all the sold prices gives us our new average market value for NV Homes in Braemar of $518,000.  That’s just under a 7% decrease in average market value since last report, but less than 1/2 of 1% drop in average market value from this time last year.  The monthly drop shouldn’t be overly concerning since two of those NV Homes that sold had unfinished basements and one had only a partially finished basement.  It’s fair to say that most NV Homes that sell in the neighborhood, or at least last report, have finished basements.

Braemar Property Value Report:  May-June 2016 (NV Homes)

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in just under one month.  You could also expect to pay an average of about 1.5% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in September and will detail sales Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037from the months of July and August.  In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   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.)