Braemar Property Value Report: May-June 2018 (Heritage Series)

Braemar Property Value Report: May-June 2018 (Heritage Series)

It’s a dreary Monday in Braemar.  At least it isn’t raining.  After Saturday’s all day down pour, I am thankful for the break.  Of course, there is no break when it comes to selling real estate, at least not for this Top Braemar Real Estate Agent.  Time to get out another Braemar Property Value Report.  This one focuses on sales of Heritage Series homes in May and June.  Heritage Series homes are mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.  The homes built by Coscan in Braemar North Gate are also included in this group, as they are similar in size.

There were eight Heritage Series homes that sold between the beginning of May and end of June.  The details of each sale are listed below:

You can see there is a wide range of sold prices, but most of the sales are grouped around $470,000-$475,000.  When we take these sales and update our twelve months worth of Heritage Series sales, here is what come up with:

While the increases in average and median sold price in the six month values compared to the twelve month values are not huge, they are still increases.  That’s good to see when you look at the most recent activity.   Seller subsidy (closing cost assistance to buyers) is unchanged in the six month median compared to the twelve month median.  The seller subsidy is the six month average is every so slightly less than the twelve month average.  Marketing time has come down from the twelve month average and median days on market when compared to the six month average and median value.   These are all good trends, no matter how slight.

If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in about two to three weeks.  You could also expect to pay 1% to 1.5% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in September.  Until then, when you want to know how the most recent sales in the neighborhood are affecting your specific home’s value, give me a call at 703-402-0037.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

 

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

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

There has been a lot of activity in our Bramar real estate market in the last few 13625 Chapeltown Mews in  Braemarmonths.  In this edition of the Braemar Property Value Report we will look back at the months of March and April and see what happened with respect to homes built by Ryan Homes.

To begin with, there were six sales of houses built by Ryan Homes between March and April.  The low sold price was $417,000 and the high sold price was $499,000.  The average of all five sold prices gives us our new average market value for Ryan Homes of $440,150.  That marks more than a 1% increase in values since last report, but slightly more than a 4% loss in average market value since last year.   Please bear in mind that four of the five sales that occurred during this reporting period were smaller Ryan homes.

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

If you placed your Ryan Home on the market, priced to current market conditions, this report indicates that you could expect to be under contract in an average of 79 days.    Again, two sales that occurred skew this number.   One home that sold in 244 days and another that sold in 126 days.  Those are way out of line with what you could normally expect.  It is more likely your home would be under in no more than three weeks.  Even that is a stretch if you are priced right and show well.  This report also shows that you could expect to pay an average of nearly 1.5% of the sales price in closing cost assistance to the buyer.

The next Braemar Property Value Report will be out in late May and will detail sales from Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the months of March and April. In the meantime, when you are ready to sell, call me for a free market analysis of your home’s value in today’s marketplace.  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: May-June 2011 (Arista Series)

Summer is in full swing in BraemarWhat a great display of fireworks we saw on the Fourth of July in the neighborhood.  So with May and June behind us, it’s time to take a look back at the resale activity for the larger single family homes in Braemar, built by Brookfield Homes, known as the Arista Series.  An Arista Series home will be one of three floor plans:  Allister, Buckingham or Canterbury.

There were three resales during May and June; all Canterbury models.  Seems we’ve been adding one additional resale since the beginning of the year to each report.  It’s nice to see that these larger homes in Braemar in are moving again.  The average of these three sales brings the average market value for an Arista Series home in Braemar to $429,167.  That’s a 3% decrease in average market value since last report (March-April 2011.)  It is, however, nearly a 13% increase since this time last year.  That is very good news to see a year over year increase in value.

If you placed your Braemar Arista Series home on the market and priced it to current market conditions, this report indicates that you could have your home under contract in 79 days.  You could also expect a Buyer to request an average of nearly 1.5% of the sales price in closing cost help.  Nice to see that closing cost assistance number going down.  We’ll keep an eye on the average days on market. 

The next Braemar Property Value Report will be out in September and will detail resales from July and August.  Until then if you are thinking of selling your Braemar single family home, give me a call for a more specific evaluation of your home’s value.  As a Braemar resident and full time real estate agent since 2005, and a Short Sale Specialist since 2007, I can help you sell your Braemar home no matter what your equity position.  Remember, no one knows Braemar better!

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

703-402-0037, chrisann@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

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Other Braemar Property Value Reports for the time period of May-June 2011:

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)

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

Townhouse Report (townhouses separated into garage and no garage categories) 

Condo Quarterly (condos known as Barrhill at Inverness Village)