Braemar Townhouse Report: July-August 2018

Braemar Townhouse Report: July-August 2018

Putting together these Braemar real estate market reports is something I have been doing since 2005.  My intention is always to get them ready for the previous two months, as soon as the second of those months has ended.  Realistically, that means waiting until the middle of the month following the last month of the reporting period.  In this case, mid-September is when I started gathering data for this particular report.  Unfortunately, not every agent that lists and sells a home in Braemar works the same.  Some agents won’t invest in professional photography.  Others won’t meet appraisers at their Braemar listings to make sure the home appraises for sales price and you won’t have to lower your price.  And yes, some wait weeks to report when a sale closes.  The latter impacts me and my ability to report the latest in Braemar sales.  The other two, well, those impact seller’s final sold prices.

Bringing up the rear in the string of Braemar real estate reports is the Braemar Townhouse Report.  This report focuses on the last two months of Braemar townhouse sales.  And a Braemar townhouse, for the purposes of this report, is three level, attached structure with a fence-able backyard.  In other words, a traditional townhouse.

There were sixteen Braemar townhouses that sold during the months of July and August.  The low sold price was $285,000 and the high sold price was $370,000.  The details of these sales are listed below:

When we take these sixteen sales and replace the sales from July and August 2017 in our rolling twelve month pile of data regarding Braemar townhouses, here is what we find/:

The six month average and median sold prices are well above the twelve month average and median sold prices.  That means Braemar townhouse values are continuing to increase.  I’m just as happy to report to that the six month average and median seller subsidy (closing cost help from sellers to buyers) is lower when compared to their twelve month counterparts.  That means Braemar townhouse sellers are having to give less in closing cost help.  Finally, the six month average and median days on market (marketing time) is lower when compared to the twelve month average and median.  Braemar townhouses have been selling even faster lately!

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in a week or so.  You would also expect to give about 1% of the sales price in closing cost help to the buyer.

The next Braemar Townhouse Report will be out in November and will detail sales from September and October.  Until then, when you are ready to sell your Braemar townhouse, please know that this Top Braemar Listing Agent hires professional photographers, does light staging, meets appraisers at your property and much more to get you the most you can when selling your largest asset.  You only get one shot at selling your home.  There are no do-overs.  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 Townhouse Report: November-December 2017

Braemar Townhouse Report: November-December 2017

Probably the most concerning thing to a Braemar townhouse owner is trying to figure out who is the top Braemar real estate agent when it is time to sell.  A great place to start is finding one that knows the market, beyond cutting and pasting a market report that is so generic it applies as much to Sheffield Manor or Victory Lakes as much as it does to Braemar.  That’s certainly not my style.  Every two months, I’m here compiling the data for my Braemar Townhouse Report myself.  This particular report looks back to the sales activity to November and December.

For the purposes of this report, Braemar townhouses are not condos, patio homes or piggyback townhouses.  That means they are fee simple ownership, three level attached homes with back yards.  In other words, a traditional townhouse.

There were seven Braemar townhouses that sold in the last two months of 2017.  Their sold prices ranged from $277,128 to $354,900.  The details of each sale are listed below:

When we take these most recent Braemar townhouse sales and place them with our rolling six and twelve months values, what we find is the average sold price in the last six months is a little higher than that in the last twelve months.  However, the median sold price in the last six months is a little lower than that in the last twelve months.  A little high in one and a little low in the other is good indicator of stability in value.

Seller subsidy (closing cost assistance) is up in both the six month values compared to the twelve month values.  And marketing time (DOM) is up a bit in both the shorter term values compared to the longer term values.

If you were to place your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in a little over a week or two.  You could also expect to pay about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Townhouse Report will be out in March.  Until, feel free to call this top Braemar Real Estate Agent when you are ready to sell. 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

Braemar Piggyback Quarterly: October-December 2017 (4th Quarter)

Braemar Piggyback Quarterly: October-December 2017 (4th Quarter)

The New Year is off to a great start.  Better still, the end of 2017 was nothing to sneeze at when it comes to the Braemar real estate market.  Right now, it is time for another Braemar Piggyback Quarterly.  To begin, let’s define a Braemar Piggyback home.  These townhouses are not only attached on the sides, but along the back too.  They have no back yards, like traditional townhouses.  They also have two car garages.

There were three Braemar Piggyback townhouses that sold in the fourth quarter of 2017.  The sales are detailed below:

When you take these sales from the fourth quarter and throw them into our rolling six and twelve month values, we find that values are fairly steady.  The six month average sold price is higher than the twelve month average, but the twelve month median is a tad lower than the twelve month median.  This is stability.  It is also seen in the seller subsidy and DOM (days on market.)

If you were to put your Braemar Piggyback townhouse on the market, you could expect it to be under contract in about a month.  You could also expect to give about $2,000 in closing cost help to your buyer, maybe a bit more.

The next Braemar Piggyback Quarterly will be out in April.  Until then, give me a call if you want to know the value of your own Braemar Piggyback townhouse.  Since 2005, No One Knows Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Townhouse Report: July-August 2017

Braemar Townhouse Report: July-August 2017

You couldn’t get a more beautiful day to end the work week than today.  Of course, if you are a Bristow Real Estate Agent, Friday is not the end of the work week.  Showing homes on the weekend is par for the course.  This Bristow Real Estate Agent doesn’t have weekends off.  I work when my clients are available.  Evenings, weekends, holiday weekends. And this gorgeous Friday evening is no different.  I’ve got one more Braemar market report to crank out, and this is it.  Ladies and gentlemen, welcome to the Braemar Townhouse Report.  For the purposes of defining a Braemar townhouse, this report focuses on sales of non-condo ownership, traditional townhouses with three stories and a back yard, attached only on the sides.

There were eight Braemar townhouses that sold during the last two months of the summer.  The details of those sales are as follows:

For starters, the great news is that five of these eight recent sales are higher than the six month average market value.  Three of them are higher than the six month median market value.  Taking a closer look at how these recent Braemar townhouse sales change the six and twelve month average and median values, we see that both the six month average and median values are above the twelve month average and median values.  That means Braemar townhouse values are still moving up.  The cherries on top are the six month seller subsidy values are belwo the twelve month numbers.  And the marketing time, virtually unchanged from the twelve month values to the six month values, is still very fast.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be reasonably expect it to be under contract in a week, no longer than two weeks.  You could also expect a pay out $2,500 to $3,000 in closing cost help to the buyer.

The next Braemar Townhouse Report will be out in November and will detail sales from September and October.  Until then, if you want to know what these recent sales mean to the value of your Braemar townhouse, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Townhouse Report: May-June 2017

Braemar Townhouse Report:  May-June 2017

Not every agent that sells real estate in Braemar, keeps their finger on the pulse of the market.  One of the things I love about doing my Braemar market reports is that it keeps me informed of our neighborhood market to keep YOU informed about it.  And doing these reports since 2005 has really helped me understand what makes our neighborhood real market tick.  That knowledge I have acquired through constant compiling of Braemar real estate data makes selling my Braemar listings that much faster and more profitable for my sellers.

This particular report is the Braemar Townhouse Report.  In it, I break down the sales of traditional townhouses in Braemar for the months of May and June.  And just to clarify what a traditional townhouse is, it is one with three levels, a backyard and is NOT condo ownership.

There were twenty-one Braemar townhouses sold in the last two months.  Their sold prices ranged from $280,000 to $359,900.  Each sale is detailed below:

When we combine these most recent Braemar townhouse sales with our rolling six month and twelve month value data points, this is what we find:

Both the six month median and average sold prices are above their twelve month counterparts.  This means values of Braemar townhouses are going up.  More good news is that seller subsidy (closing cost assistance to a buyer) has gone down from the twelve month median and average values, to the respective six month values.  Even marketing time in the six month values has come down ever so slightly.

If you placed your Braemar townhouse on the market, priced to current conditions, you could reasonably expect it to be under contract in one to two weeks.  You could also expect to pay about one percent of the sales prices in closing cost help to your buyer.

The next Braemar Townhouse Report will be out in late September.  At that point we will be looking at activity from the months of July and August.  Until then, if you want to know how recent sales have affected your specific Braemar townhouse, 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®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Braemar Townhouse Report: March-April 2017

Braemar Townhouse Report:  March-April 2017

After days of cloud cover and rain, I can honestly say that I would never last in the Pacific Northwest climate.  Sunshine is essential to my existence.  And I’m so happy to see the sun shining away in Bristow today.  Makes it very tempting to go outside and play hooky, but I’m not doing that.  Nope.  This Braemar Real Estate Agent knows that my fellow Braemar residents expect my market reports before the end of the month.  So here I am, putting out the last of May’s reports with the March-April edition of the Braemar Townhouse Report.

There were eleven Braemar townhouses that sold between the months of March and April.  The highest sold price was $358,500 and the lowest sold price was $250,000.  Throwing these eleven sales into our rolling six and twelve month averages gives us some good insight.

When looking at the more immediate market  (the six month values) and comparing it the longer term (the twelve month values) we see that Braemar townhouses are still going up in value.  Both the six month average and median sold prices are higher than the twelve month average and median sold prices.  It even looks as though the six month seller subsidy numbers are decreasing, but marketing time may be increasing.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in about ten to seventeen days.  You could also expect to give about $4,200 in seller subsidy.

The next Braemar Townhouse Report will be out in July.  At that point we’ll look back to sales from May and June.  Until then, when you are ready to sell your Braemar townhouse, give me a call at 703-402-0037 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.com

Braemar Townhouse Report: January-February 2017

Braemar Townhouse Report: January-February 2017

Been wondering what your Braemar townhouse is worth?  Well, this edition of the Braemar Townhouse Report is sure to help get in the ball park of your townhome’s value.  In this report, we are looking back to the first two months of 2017.

Between January and February there were three Braemar townhouses that sold.  Details of those sales are shown below.

Three sales aren’t very many for a two month period when it comes to Braemar townhouse sales.  Simply put, there just weren’t any others on the market.  Hence the low marketing time (DOM.)  And there is no doubt that some of these townhouses likely faced multiple offers.  Let’s see how the sales detailed above jive with the six and twelve month average and median values.

All but one of the sales are well above the six and twelve month average and median sales prices.  The closing cost assistance (seller subsidy) in two of the three cases are well below the average and median values.  Best news yet, the marketing time in all three sales are lower than even the lowest marketing time, found in the twelve month mediam marketing time.

When comparing the six month sales prices to the twelve month prices, we see a tick up in average value, but median value remaining steady.  My Braemar real estate gut is telling me that our townhouse values are on the rise.  By next report, I expect to see a larger difference in the six and twelve month values.

If you placed your Braemar townhouse on the market, priced to current conditions, you would likely be under contract in about a week or less.  And hopefully, the trend of lower seller subsidy continues.  Worst case, from the six month median value, you could expect to give just under $6,000 in closing cost assistance.

The next Braemar Townhouse Report will be out in May.  At that point in time, we’ll be able to throw in the sales data from March and April and see how things are looking.  Until then, give me a call for the best results when selling your Braemar townhouse.  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.com

www.UncompromisingValues.com