Braemar Property Value Report: March-April 2016 (NV Homes)

Braemar Property Value Report:  March-April 2016 (NV Homes)

Hopefully everyone in Braemar has their  pool passes ready for the opening of the community pools this weekend.  Memorial Day Weekend is always a busy time at our 9713 Lennice Way sols for $580,000 on April 29th (2016.)two community pools.  From the looks of Bristow’s extended forecast, it seems Saturday and Sunday are going to be ideal, sunny pool days.

When it comes to the Braemar real estate market, this may be the ideal time for a Braemar single family home owner to list.  We’re experiencing high buyer demand and not enough homes on the market to meet that demand.  Let’s take a closer look at what happened with NV Homes during March and April in this edition of the Braemar Property Value Report.

There were four houses, built by NV Homes, that sold in March and April.  The low sold price was $541,000.  The high sold price, of which I am proud to have been the listing agent , sold for $580,000.  The average of all four sold prices gives us our new average market value for NV Homes which is $556,250.  That represents a 4% increase in average market value since last report and a little over a 1% increase in average market value since last year.

Braemar Property Value Report: March-April 2016 (NV Homes)

If you placed your NV Home on the market, priced to current market conditions, you could expect your home to be under contract in an average of about two weeks.  You could also expect to pay about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July and will detail sales from the Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037months of May and June.  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: March-April 2016 (Heritage Series)

Braemar Property Value Report:  March-April 2016 (Heritage Series)

In the next few days we will be seeing more motorcycles in the area as the annual Memorial Day Weekend tradition of Rolling Thunder nears.  Keep an eye out for Yardley in Braemarmotorcyclists when you are on the roads and keep a safe distance in traffic.

Before we head into the holiday weekend, let’s take this opportunity to go over the Braemar Property Value Report for Heritage Series homes in our neighborhood.  Heritage Series homes, for those who may not be familiar, 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 five Heritage Series homes that sold in March and April.  The low sold price was $416,500.  The high sold price was $519,500.  The average of all five sales gives us our new average market values for Heritage Series homes of $453,200.  That is up 4% since last report and up nearly 8% since last year.

Braemar Property Value Report:  March-April 2016 (Heritage Series)

If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect that it would be under contract in an average of about a month and a half.  That’s information from March and April.  Already I am seeing with my own listings, these homes are hardly lasting two weeks right now.  You could also expect to pay a little over 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in late July and will detail sales from Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the months of May and June.  Until then, when you are ready to sell, give me and call and let’s talk about the value of your specific Braemar home.  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: March-April 2016 (Courtyard Series)

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

The sun is shining and the birds are chirping today in Braemar.  What a pleasant day Braemar Courtyard Home, Bristow, VAafter so many gray and rainy days.  And if you are a Braemar Courtyard home owner, your day will be made even more pleasant by this Braemar Property Value Report.  If you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway and have extremely small outdoor spaces.  It is perfect for home owners who want a detached home, but not a large yard to maintain.  Models include the Arlington, Clarendon and Ballston.

There were three Braemar Courtyard homes that sold between the months of March and April.  Oddly enough, all of them were Ballston models.  The low sold price was $363,000 and the high sold price was $405,000.  Averaging all three sold prices, we get our new average market value for a Braemar Courtyard home of $386,000.  That is nearly a 6% increase in value since last report and an 8% increase in average value since last year.

Braemar Property Value Report:  March-April 2016 (Courtyard Series)

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a little less than two months.  You could also expect to pay an average almost 2% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July and will detail sales from May Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037and June. Until then, when you are ready to sell your Braemar home, give me a call 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 Systems.)

Braemar Property Value Report: March-April 2016 (Carriage Series)

Braemar Property Value Report:  March-April 2016 (Carriage Series)

Even though we are enjoying some much needed sunshine today in Braemar, it is tempered with some rather threatening looking clouds in the sky.  Before the end of the day I have a feeling we are going to experience a thunderstorm.  Thank goodness our forecast has some consecutive days of sunshine starting tomorrow.

Carriage Home in BraemarRight now, it is time for another Braemar Property Value Report.  This particular edition examines activity in the months of March and April for Carriage homes.  For those that may be wondering, Carriage homes are characterized by the lack of an attached garage. Rather, if they have a garage at all, 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 Carriages homes that sold in March and April.  Three out of four were three bedroom homes.  The low sold price was $340,000 and the high sold price was $405,000.  Averaging all four sold prices we arrive at our new average market value for a Braemar Carriage home of $367,375.  That marks over a 4.5% loss in average market value since last report and nearly a 4% loss in average market value since last year.  This does not mean that Carriage homes are slipping in value.  Our average this report is skewed by having mostly smaller Carriage homes that sold.

Braemar Property Value Report:  March-April 2016 (Carriage Series)

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in a little less than one month.  You could also expect to pay an average of 2% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in July  and will detail sales from May and June. Until then, when you are ready to sell your Braemar Carriage home, give me a call for a free market analysis.  I’ve been a Braemar home owner and full-time Bristow Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Real Estate Agent since 2005.  Getting your Braemar home sold for the maximum amount of money in the shortest period of time is what I do.  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: March-April 2016 (Arista Series)

Braemar Property Value Report: March-April 2016 (Arista Series)

Though we have been living under gray, drizzly skies in Braemar for the past few weeks, the spring real estate market doesn’t need sunshine to keep chugging along.  In Canterbury in Braemarthis edition of the Braemar Property Value Report we will look back to sales of homes in the Arista Series for the months of March and April.  Arista Series homes are the large single family homes built by Brookfield Homes.  The floor plans are:  Allister, Buckingham and Canterbury.

Unlike the last two reports that saw no sales activity for these homes, there were four Arista Series homes that sold between March 1st and April 30th.  The low sold price was $475,000 and the high sold price was $559,000.  The average of all four gives us our new average market value of $522,500.  While we have no comparison to last report since there were no sales, we do see that the average for a Braemar Arista Series home has decreased a little more than 3% since last year.  These are averages.  In general, given the high demand for single family homes in Braemar, home values overall in the neighborhood are on the rise.

Braemar Property Value Report: March-April 2016 (Arista Series)

If you placed your Braemar Arista home on the market, priced to current conditions, this report indicates you could expect your home to be under contract in an average of three months.  I think you will see much faster results given the current market.  You could also expect to pay an average of nearly 1% of the sales price in closing cost help to the buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Property Value Report will be out in July and will focus on sales from May and June.   Until then, when you are ready to sell your Braemar home, give me a call.  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 MRIS (Metropolitan Regional Information Systems.) 

Four Bedroom Braemar Home Under Contract in Four Days!

Four Bedroom Braemar Home Under Contract in Four Days!

On Monday, May 14th (2016) when I arrived at 13625 Chapeltown Mews to take listing photos, I was so thankful that the sun was shining.  If I had to guess how may consecutive days of rain or gray, overcast skies we had endured to that point, I would say at least fourteen.

13625 Chapeltown Mews in  Braemar

My optimism while snapping photos told me that this house wouldn’t be on the market long.  The seller had a meticulous manner for detail.  That is always welcome in a home seller.  I can take photos of the property and get my marketing to work, but if the home doesn’t show well in person, that’s not something I can fix.  So uploading the listing in the MLS that evening I was very pleased.

Kitchen--13625 Chapeltown

After eight showings over four days, the sellers got an offer.  And not just one.  While making the appointment to go over the offer we received, I got word from two other buyer agents that they were also sending offers.

Family Room--13625 Chapeltown

My philosophy of offers is that you review them as they come in.   Buyers in the current Bristow marketplace who are serious enough to make an offer don’t like being strung along.  And if you think they will wait a few days for you to collect multiple offers, well, you might find they start to drop off.  They need certainty when it comes to finding a place to live.

Morning Room--13625 Chapeltown

Early afternoon, the sellers and I reviewed the three offers we had.  The sellers saw a stand out in the crowd, but wanted to counter the first offer in since they were the first ones that took the time to write.  If those buyers wouldn’t accept the counter, it would be on to the next.   Thankfully, those first buyers were able to realize that they had one opportunity to say yes and took it.  Unfortunately, there are still two buyers out there looking for four bedroom homes in Braemar.

Deck to Patio--13625 Chapeltown

If you have been thinking of selling your single family home in Braemar, the timing could not be better.  Give me a call for a free market analysis of your specific home’s value and Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037see where you can take advantage of the lack of homes for sale in our neighborhood.  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

Another Braemar Single Family Home Goes Under Contract!

Another Braemar Single Family Home Goes Under Contract!

10140 Broadsword Drive went under contract on May 18th 2016.

If you are in the market for a four bedroom Braemar single family home under $500K, I don’t need to tell you that there isn’t much available to choose from.   This Yardley model at 10140 Broadsword Drive hit the market on April 26th (2016) priced at $469,400.   A popular floor plan on a wooded lot didn’t go long without seeing action.  Within eight days on the market, the sellers had an offer.

Kitchen--10140 Broadsword

Buyers that are moving within Bristow marketplace know how tough it can be right now to find a home.  Buyers relocating from out of state for work negotiate their offers without the benefit of that ingrained knowledge.  After a few days back and forth with an out of state buyer, negotiations fell apart.   This is where having an outstanding Buyer’s Agent that knows the Braemar neighborhood, and overall Bristow marketplace, is critical.

Family Room--10140 Broadsword

By May 12th, the second interested buyer stepped forward.  Again, the lack of available inventory in our local marketplace a bit confounding to an out of state buyer.  And I’m sure shows like House Hunters don’t help.  They make buyers think every market gives you ton of negotiating power when a home isn’t exactly everything you wanted.  Maybe if there are tons of homes on the market.  In Braemar that isn’t the case this spring. This second buyer and my sellers struck a deal on May 18th.  After twenty-two days on the market and probably a combined total of eight days negotiating the two offers, this four bedroom Braemar home went under contract.

Breakfast Nook--10140 Broadsword

Don’t despair if you are still looking for a four bedroom home in Braemar under $500K. A popular Victoria model by Ryan Homes at 13625 Chapeltown Mews hit the market on Monday, May 16th still available for $479K.  Same neighborhood, same school district, even the same HOA dues and amenities, which include cable and internet through RCN.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037When you are ready to buy or sell in Braemar, don’t waste valuable time hiring just any agent to help you.  Hire a true neighborhood expert.  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