Braemar Property Value Report: September-October 2017 (Ryan Homes)

Braemar Property Value Report: September-October 2017 (Ryan Homes)

It is time for another Braemar Property Value Report, detailing sales of Ryan Homes in our neighborhood.  This particular edition focuses on the sales activity in the months of September and October.

There was only one sale of a Ryan Home and that happened in October.  Details are below:

When we place that sale in with our rolling six and twelve month values, here is what find:

Looking at the short term (six month) sold prices compared to the long term (twelve month) sold prices, we see that Ryan Home values are increasing.  We also see that seller subsidy (closing cost help to buyers) is decreasing in the short term.  Both of those are good news.  But wait, there’s more.  Marketing time in the short term is down.  That’s three point of good news for Ryan Homes in Braemar.

If you placed your home on the market, priced to current conditions, you could expect it to be under contract in a little over a week to three weeks time.  You could also expect to pay about $5,500 or $5,750 in seller subsidy.

The next Braemar Property Value Report will be out in the New Year.  Until then, when you want to see what the market value of your Braemar home is, 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

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Braemar Property Value Report: September-October 2017 (NV Homes)

Braemar Property Value Report: September-October 2017 (NV Homes)

Did you make it to the Braemar Community Association Annual Meeting tonight?  If you didn’t, you missed your chance for some free food, a raffle to win valuable prizes…and of course the opportunity to be involved with your neighborhood.  As a Braemar Real Estate Agent, whenever I meet a new home owner in our neighborhood, I encourage them to get involved in our community HOA or a committee.  Not too many takers, but that won’t stop me from trying.

Anyway, it is time for the Braemar Property Value Report that focuses on the sales of NV Homes in our neighborhood between September and October.  Let me tell you, it is going to be a short report.  That’s because, no NV Homes sold during those months.

All is not lost.  When we drop the sales from September and October 2016, we get an updated look at our rolling six and twelve month values.

What we find in comparing the six month average and median sold prices to their twelve month counterparts is a mixed bag.  The short term average sold price is up.  The short term median sold price is down.  Since the changes aren’t all that big, let’s call it stability in home values.  Seller subsidy (closing cost assistance to buyers) is up in the short term.  There was an NV Home sale in the mix there that gave an outrageous amount of closing cost help and that is certainly tainting the six month seller subsidy values.  Best news is that marketing time is down, quite a bit in fact, in the six month average compared to the twelve month average.

The next Braemar Property Value Report will be out in the New Year.  Until then, if you are wondering what the market value of your particular home is, 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 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 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

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