Braemar Patio Quarterly: October-December 2019 (4th Quarter)

Braemar Patio Quarterly: October-December 2019 (4th Quarter)

Happy New Year!  Hope our limited snowfall yesterday didn’t impact you in any negative way.  It was just enough to give us a white covering on the ground.  And roads in the community are mostly cleared up.  What I love about the day after a snowfall is how bright the surroundings are with the sun reflecting off the blanket of white.  After too many gloomy winter days, it is nice to have a lot of sunshine bouncing off that snow.

Today I bring you the Braemar Patio Quarterly property report.  It focuses on sales of Braemar Patio homes in the fourth quarter of 2019.  And if you aren’t familiar with what a Braemar Patio home is, they are the two level, one car garage, quad style townhouses in the neighborhood.  There are two floor plan styles, one of which boasts a main level master and main level full bathroom.  The Braemar Patio homes that sold between October and December 2019 are listed below:

As you can see, there were four Braemar Patio homes that sold during the fourth quarter.  The sold prices range from $318,600 to $364,900 and not of the homes had the coveted main level master bedroom/bathroom.  Seems condition and upgrades are the primary indicators of value here.

Taking these fourth quarter sales and combining them with the sales that occurred in the entire calendar year of 2019, we get updated six and twelve month data points.  

Starting with the sold price column, we see the six month average sold price is slightly higher than the twelve month average sold price.  Not an impressive leap in value, but upward movement in the short term nonetheless.  Meanwhile, we see stability in noting the six month median sold price is exactly the same as the twelve month median sold price.  Values of Braemar Patio homes are, at worst, remaining stable in value.

The seller subsidy column is where we see the closing cost assistance values.  Both the six month average and six month median seller subsidy figures are higher than their respective twelve month figures.  This means Braemar Patio home buyers on the whole, have been asking for and receiving, more closing cost help from sellers in the more recent past.

When it comes to days on market, or as I like to call it–marketing time, we see different trends.  The six month average marketing time is one day shorter than the twelve month average marketing time.  Meanwhile, the six month median marketing time is nearly an entire week longer than the twelve month median marketing time.  At worst, it is beginning to take more time to sell a Braemar Patio home.

Taken as a whole, these market indicators could be showing an easing up in the high demand our market has been enjoying.  Of course, only time will tell .

If you placed your Braemar Patio home on the market, priced to current conditions, you could expect it to be under contract in about three weeks.  You could also expect to pay about 2% of the sales price in seller subsidy.

The next Braemar Patio Quarterly will be out in April and will give us a read on our first quarter’s activity for 2020.  Until then, when the time comes for you to sell your Braemar home, give me a call.  Getting the most amount of money in a sale for Braemar home owners is what I do best.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

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)