Braemar Reflection Quarterly: July-September 2020 (3rd Quarter)

Braemar Reflection Quarterly: July-September 2020 (3rd Quarter)

Reflection Series Home

Today I bring you the last of the Braemar quarterly property value reports. This one is focused on the Reflection homes in Braemar. For those who are unfamiliar with what defines a Reflection home, they are the homes on Tarvie Circle and are attached to one neighbor at the rear load garage.

Between July and September (the 3rd quarter of 2020,) there were no Braemar Reflection homes that sold. For that matter, there were no Reflection homes that sold between April and June (the 2nd quarter of 2020.) That makes our average and median six month value point non-existent, but we still have our twelve month average and median value points that we can use to get a sense of where Reflection home values may be.

The twelve month average and median sold prices for Reflection homes are close in value. And while our market demand has seen values pushing up, most home types are not jumping up in value by leaps and bounds. Maybe an average projected sales price for the current market would be $475,000 or so.

In the seller subsidy column we learn how much closing cost help Reflection home sellers gave to buyers. Even information seven to twelve month’s old shows that seller subsidy was minimal in the average and nothing in the median value. The market has been so flooded with buyers and very little inventory, very little closing cost help has been zeroing out in a lot of home sales lately.

Days on market in the twelve month stats are a little high at eighteen days in the average. The twelve month median at eight days is more likely close to what may happen in the current market if a Reflection home hit the market.

The next Braemar Reflection Quarterly will be out in January. Maybe by then we’ll have some sales of Reflection homes to report. Until then, if you are contemplating taking advantage of this extreme buyer demand, get in touch with me. 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 Reflection Quarterly: January-March 2020 (1st Quarter)

Braemar Reflection Quarterly: January-March 2020 (1st Quarter)

Reflection Series Home

Happy Friday!  It may not be the sunniest day, but the temps are great, the sun is in and out of the clouds and it isn’t raining.  Sure is nicer than yesterday.  In fact, when I am done writing this Braemar Reflection Quarterly report, I may just go for a stroll.  That’s the one good thing I see that our shelter-in-place directive has produced…a lot more people taking walks in the neighborhood.

This Braemar Reflection Quarterly covers the sales activity of Reflection homes in Braemar, which are the semi-detached homes located off of Tarvie Circle, for the first quarter of the year.  Let’s dive right in.

There was only one Reflection home that sold during the first quarter.  Details of that sale are listed below:

Taking that one sale and adding it to the previous three quarters of Braemar Reflection home sales, our six and twelve month data points are updated as follows:

Starting with the sold price column, there is an increase in the six month average sold price over the twelve month average sold price.  Meanwhile, the six month and twelve month median sold prices are the same.  To me, this indicates stable values for Braemar Reflection homes.

The seller subsidy column shows decreases in both six month values compared to their respective twelve month values.  This means buyers have been having to forego large, or closing cost requests altogether in our competitive market.

Finally, the days on market column shows a slight increase in the six month average marketing time compared to the twelve month average marketing time.  Meanwhile, the six and twelve month median marketing times are exactly the same.  More stability.

If you placed your Braemar Reflection home on the market, priced to current conditions, you could expect it to be under contract in one to three weeks.  You could also expect to pay a very minimal amount in closing cost help to your buyer.

Will the measures our state government has taken to slow the spread of COVID affect our Braemar real estate market?  By the time the second quarter reports are out in July, we’ll have an idea if there is an effect.  Until then, if you find yourself in a position to sell your Braemar home, give me call for a free, professional market analysis.  I can help you sell your home safely and for maximum profit.  Hiring the right listing agent has never been more important.  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

 

 

How Long Does it Take to Sell a Semi-Detached Braemar Home?

How Long Does it Take to Sell a Semi-Detached Braemar Home?

9684 Tarvie Circle is Listed for $439,000 on April

On April 11th (2019) this semi-detached home in Braemar, located at 9684 Tarvie Circle, hit the market priced at $439,000.  I had listed the home for the previous owners back in the fall of 2016, it wasn’t in nearly as impressive shape as it was this spring.  The new owners added granite counters to the kitchen, along with a tile backsplash.  New light fixtures made the place more modern, along with touches like the shiplap accent wall in the family room, and tile accent wall in the powder room.  A new HVAC and new carpet certainly were welcome additions as well.

In the last Reflection Quarterly, for the 4th Quarter of 2018, it was taking about thirty days for these homes to go under contract.  That was what we were set for with this home.  The sellers and I were pleasantly surprised by lots of showings and two offers that came in only two days!  When you have a great product, marketed by a masterful listing agent, good things happen.

The settlement is set to happen at the end of May.  Stay tuned for the final sold price.  In the meantime, if you have a Braemar single family home to sell, demand is off the charts!  Call me for a free market analysis of your home’s value in this market.  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 Reflection Quarterly: July-September 2016

Braemar Reflection Quarterly:  July-September 2016

Can’t believe it is is November, though like virtually everyone at this point, I am looking forward to an end to this contentious Presidential election on November 9th.  It is 9684 Tarvie Circle, Bristow, VAas though the election coverage is sucking me into mental quicksand.  Just the other day, during a trip to meet an appraiser on my own Reflection Series listing at 9684 Tarvie Circle, I realized that I had completely missed doing my quarterly Braemar market reports in October.  Since then I’ve been playing catch up.  This report is the last of the quarterlies, and it focuses on Reflection Series homes.

For those who may not be familiar with this style of home, Reflections Series homes are located off of Tarvie Circle and are the semi-detached single family homes, attached at the garage only.  There were two floor plans offered by Brookfield Homes:  Annan and Bromley.

That was a lot of wind up to tell you that there were no Reflection Series homes that sold during the third quarter of 2016.  Same thing happened last year in the third quarter. Though last quarter, there was one sale at $445,000.

ReFlection Series Values, 3rd Quarter 2016

Only my own listing is even on the radar in the Reflection Series this report and here is what I can tell you.  It started out on the market on August 18th, priced at $425,000.  After nearly three weeks on the market with little activity, the Sellers reduced their price to $414,900.  About one month later, the house went under contract.  It won’t be marked as sold until late November, which means you’ll read about it next report.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Speaking of the next report, the next Braemar Reflection Quarterly will be out in January and will focus on the 4th quarter of 2016.  Until then, when you are ready 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 Reflection Quarterly: April-June 2016

Braemar Reflection Quarterly:  April-June 2016

Funny.  I was just sitting down to type up this report and a Braemar Reflection home owner called me to investigate selling their home.  Talk about timing.

Reflection Series Home in BraemarThis edition of the Braemar Reflection Quarterly will look back on the second quarter of 2016.  For those who may be familiar with this style of home, Reflection Series homes are located off of Tarvie Circle and are the semi-detached single family homes that are attached at the garage only.  There were two floor plans offered by Brookfield Homes:  Annan and Bromley.

There was only one sale of a Braemar Reflection home during the second quarter of 2016.  It listed for $449,000 and sold for $445,000.  That final sold price is over a 5% increase from last quarter’s average value. Unfortunately, there is no comparison to the second quarter of 2015 since there were no sales then.

Reflection Home Values 2nd Quarter 2016

If you placed your Reflection home on the market, priced to current conditions, you could expect it to be under contract in about forty days.  You could also expect to pay a little over 1% of the sales price in closing cost help to the buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Reflection Series Quarterly will be in October and will focus on activity during the third quarter of 2016.  Until then, when you are ready to sell your Braemar home, give me all 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 using MRIS (Metropolitan Regional Information Systems)