Braemar Property Value Report: November-December 2013 (NV Homes)

Braemar Property Value Report:  November-December 2013 (NV Homes)

It is time for another Braemar Property Value Report, this time detailing sales from November and December for single family homes built by NV Homes.  There really aren’t a lot of these in the neighborhood.  I’m learning that Ryan Homes has more of a presence.  And of course, Brookfield Homes has the largest footprint in the community.

NV Homes in Braemar (Bristow, VA)

Unfortunately, there were no sales of single familiy homes builty by NV Homes during the last two months of 2013.  I really don’t think it is anything to be alarmed by.  Since they do make up a smaller number of homes in the community, this is going to happen from time to time.  Best to rely on last report’s figures until we have new ones.  Or, an NV Home owner could look to the Arista Series or Ryan Home reports for ideas of neighborhood values for homes similar to theirs.  Links are at the end of this report.

Braemar Property Value Report:  November-December 2013 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2014.  If you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  In 2007, I also added the distinction of being a Short Sale Agent.  No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home.  No One Knows Braemar Better!

And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group.  You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com

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

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You can see the most recent property values in Braemar by clicking the links below:

Arista Series  (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

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Braemar Townhouse Report (March-April 2011)

It’s only a matter of days before the Braemar pools open.  Adults will have a couple of weeks to enjoy them before school let’s out.  Before we head off into daydreams of blue water in a pool and the smell of sunscreen wafting through the air, let’s take a look back at the resale activity during March and April for Braemar Townhouses.  As always, we’ll divide townhouses into two categories:  Garages Townhouses and Townhouses with No Garage.

For the previous two reporting periods, Townhouses with No Garage had no resales.  I am happy to report that the streak is broken.  There were three resales during March and April.  The average of their sales prices brings the average market value of a Braemar Townhouse with No Garage, to $228,167.  Compared to last year’s report (March-April 2010), this represents over a 6% increase in value.

What this report also indicates is that if a Seller placed their Braemar Townhouse with No Garage on the market, priced to current market conditions, they could expect their townhouse to be under contract in about three weeks time.  They could also expect the Buyer of their townhouse to ask for an average of 2.3% of the sales price in closing cost assistance.

Just like the Townhouses with No Garage, Braemar Garage Townhouses also had three resales during the months of March and April.  The average of their sales prices bring the average market value for Braemar Garage Townhouses to $226,000.  That’s nearly a 10% decrease since last report (January-February 2011) and a 6.5% decrease since last year’s report (March-April 2010.)

This report also tells Braemar Garage Townhouse sellers that if they placed their home on the market, priced to current market conditions, they could expect to be under contract in about five weeks.  It also sets the expectation that a Buyer is likely to ask for an average of 1.3% of the sales price in closing cost assistance.

 

The next Braemar Townhouse Report will be out in July.  Until then, if you are interested in taking a look at historical averages, you can log onto www.nvarealestate.net and click the link for the Braemar Townhouse Report Online to see average market values to the beginning of 2006. 

If you find yourself, or someone you know, needing to sell their Braemar Townhouse, please don’t hesitate to call.  You can make the most in the market with a true neighborhood expert.   No one knows Braemar better!

Chris Ann Cleland, Long & Foster REALTORS®, Associate Broker-Licensed in Virginia, Short Sale Specialist

703-402-0037, chrisann@LNF.com

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Other Braemar Property Value posts for the period of March-April 2011:

Arista Series (large single family homes built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)