Braemar Piggyback & Patio Quarterly: July-September 2016

Braemar Piggyback & Patio Quarterly:  July-September 2016

It is time for another Braemar Piggyback & Patio Quarterly.  In case you aren’t familiar with these types of home styles, Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  Braemar Patio Homes are also known as quads.  Each is attached at the side, back and corner to another Patio Home.  They have two levels, also offering large bedrooms and a modest side yard.

Braemar Piggyback TownhousePIGGYBACK

There were five piggyback townhouses that sold in the third quarter of 2016.  That’s four more than last quarter and two more than we saw last year.  The average of all five sales gives us our new average market value of $303,800.  That is over a 10.5% increase in average value since last quarter and a 3.5% increase in average value since last year.piggyback-3q-2016-really

If you placed your Braemar Piggyback townhome on the market, priced to current conditions, you could expect it to be under contract in an average of 18 days.  You could also expect to pay an average of 2.5% of the sales price in closing cost help to the buyer.

Braemar Patio HomePATIO

There were five patio homes that sold in the third quarter this year.  That’s three more than last quarter and one less than last year.  The average of all five sales gives us our new average market value for Braemar patio homes of $304,800.  That’s an increase of over 2.5% in average value since last quarter and an increase of 1% of average value since last year.

patio-3q-2016-really

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Patio 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 help to the buyer.

The next Braemar Piggyback & Patio Quarterly will be out in January and will details sales from the fourth quarter.  Until then, when it is time to sell your Braemar home, give me a call 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.comwww.UncompromisingValues.com

Braemar Piggyback & Patio Quarterly: April-June 2016

Braemar Piggyback & Patio Quarterly:  April-June 2016

We are well into summer in Braemar.  Seems this time of year always goes by a lot faster than any of us would like, particularly the kids who are enjoying their summer vacation from school.

Right now, we are going to take a look back at the second quarter sales activity for Braemar Piggyback and Patio homes.  In case you aren’t familiar with these types of home styles, Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  Braemar Patio Homes are also known as quads.  Each is attached at the side, back and corner to another Patio Home.  They have two levels, also offering large bedrooms and a modest side yard.

Braemar Piggyback TownhousePIGGYBACK

There was only one sale of a Braemar Piggyback townhome in the second quarter, unlike the two sales that happened in the first quarter this year.  Still, it is better than the activity we had in the second quarter of 2015, which was none.  This recent sale is nearly 4% lower than the average sales price last quarter.  Unfortunately, the recent sale is also lower than the lowest price last quarter.  We will have to keep an eye out in future reports to see where Braemar Piggyback values go long term.

Braemar Piggback Townhouse Values, 2nd Quarter 2016

If you placed your Braemar Piggyback townhome on the market, priced to current conditions, you could expect that it would be under contract in as little as three days.  You could also expect to pay 3% of the sales price in closing cost assistance to the buyer.

PATIO

There were two sales of Braemar Patio homes in the Braemar Patio Home in Braemarsecond quarter.  This is one less sale than we saw last quarter and one less than we saw in the second quarter last year.  The average sales price of a Braemar Patio home is now $297,000.  That’s a drop in value of nearly 1/2 of 1% since last quarter and a drop of over 5% in value since last year.  I am hopeful, given market demand, that these values will be coming up in future reports.

Braemar Patio Home Values, 2nd Quarter 2016

If you placed your Braemar Patio home on the market, priced to current conditions, you could expect it to be under contract in an average of eighteen days.  You could also expect pay an average of under 1% of the sales price in closing cost help to the buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Piggyback & Patio Quarterly will cover the third quarter of 2016 and will be out in October.  Until then, when you are ready to sell your Braemar home, call me for a free market analysis.  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 by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information System.)

Braemar Piggyback & Patio Quarterly: April-June 2014

Braemar Piggyback & Patio Quarterly:  April-June 2014

This is the second edition of the Braemar quarterly report for Piggyback Townhouses and Patio Homes.  As such, we will only have comparisons to last quarter’s report.

For clarification, Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  Braemar Patio Homes are also known as quads.  Each is attached at the side, back and corner to another Patio Home.  They have two levels, also offering large bedrooms and a modest side yard.

PIGGYBACK

Piggyback Townhouse in BraemarAs the second quarter of 2014 came to a close, there were two active Braemar Piggyback Townhouse listings for sale.  Their prices were $285,000 and $280,000.  When it comes to what actually SOLD, there were three Piggyback Townhouse sales.  The high sales price was $305,000 and the low was $280,000.  The average of all three gives us our new average market value of Piggyback Townhouses to be $293,667.  That’s a 4% decrease in value since the first quarter of 2014.

Braemar Piggyback Townhouse Values, 2nd Quarter 2014

If you placed your Braemar Piggyback Townhouse on the market, priced to current conditions, this report indicates it would be under contract in an average of 3 days.  The active listings, however, as of this report, have an average marketing time of 47 days and the counter is still going.  To say the market is shifting would be fair.  Another thing you could expect is to contribute an average of nearly 1.5% of the sales price in closing cost help to the buyer.

PATIO

Braemar Patio HomeClosing out the second quarter of 2014, there was one active Patio Home listing at $300,000 and one under contract, listed for $309,900.  There was only one Braemar Patio Home that made it settlement, but that’s better than none, which is what we saw last report.    The sales price of the one Patio Home that sold is our high, low and average sales price for the second quarter: $290,000.  It’s encouraging that one is under contract that was listed higher.  That may be an indicator that we will see an increase in value in third quarter.

Braemar Patio Home Values, 2nd Quarter 2014

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Patio Home on the market, priced to current conditions, this reports indicates it would be under contract in 5 days.  Given the active listing, still counting marketing time at 17 days as of today, and the one under contract that was listed for 15 days, I would say this number will be increasing in future reports.  You could also expect to contribute nearly 2.5% of the sales price in closing cost assistance to the buyer.

The next Braemar Piggyback & Patio Quarterly will cover the second quarter of 2014 and will be out in July.  Until then, if you are thinking of selling your Braemar home, call me for a free market analysis.  No One Knows Braemar Better!

And if you haven’t already, please join my new Braemar Facebook group.  You can find links to these reports and be involved in all kinds of neighborhood conversations.

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

(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)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Braemar Townhouse Report (traditional townhouses with back yards)

Condo Quarterly (townhouse style condos)