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

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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 Piggyback Quarterly:  April-June 2017 (2nd Quarter)

Braemar Piggyback Quarterly:  April-June 2017 (2nd Quarter)

Do you look forward to Friday?  If you have a Monday through Friday job, I bet you do.  Of course the kids enjoying their summer vacation (likely at the Braemar pools) are probably starting to lose track of what day of the week it is.  From the eyes of this Braemar Real Estate Agent, Fridays are not a day that is distinguishable from most.  Weekends are some of the busiest times a real estate agent encounters.  Of course this Friday, I’m plugging away at my Braemar market reports.  This one is the Braemar Piggyback Quarterly.

Before we get started, let’s clear up what we are talking about when we say piggyback.   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.  

Unfortunately, there were no sales of Braemar Piggyback townhouses in the second quarter.  That, however, does not mean I am not going to be able to give some updated value information.  This is the exact reason I started adding rolling six month and twelve month values.  So let’s see what the updated six month and twelve month values tell us.

The six month average and median sold prices (being the same value) are above the twelve month average and median sold prices.  That’s good news.  You want to see those shorter term numbers above the longer term numbers.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in about a month, maybe longer.  Right now there are two Braemar Piggyback townhouses for sale that have been on the market from  35 to 41 days.  There is yet another that went under contract in 35 days.  You may also be lucky enough to pay no closing cost help to the buyer.

The next Braemar Piggyback Quarterly will be out in October. Until then, if you want to know how pending sales or current market conditions are affecting your specific home’s value, call me 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

Braemar Townhouse Report: November-December 2016

Braemar Townhouse Report:  November-December 2016

What a week it has been!  I feel like it’s May and I haven’t seen my husband or talked to Braemar Townhousemy friends in days.  That’s what happens when buyers and sellers come back out of hibernation.  Even though we still have some winter ahead of us, the activity I am seeing tells me that now is the time to capitalize on Braemar buyers who are out and about.  Right now, let’s go back to the last two months of 2016 for a look at the sales activity for Braemar townhouses in this edition of the Braemar Townhouse Report.

There were eight Braemar townhouses that sold between the beginning of November and end of December.  Their prices ranged from $275,000 to $335,000.  The average of all eight gives us our new average market value for Braemar townhouses of $310,475.  That’s over a 5.5% increase since last report and over a 12.5% increase in average value since last year.

Braemar Townhouse Report: November-December 2016

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of 24 days.  You could also expect to shell out an average of 2% of the sales price in closing cost help for your buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Townhouse Report will be out in March and will focus on the first two months of 2017.  Until then, if you want to get the jump on the spring market, call me for a free market analysis of your specific Braemar home’s worth.  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 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.

Braemar Townhouse Report: September-October 2016

Braemar Townhouse Report:  September-October 2016

This weekend after Thanksgiving, I have seen a lot of holiday decorations going up Braemar Townhousein Braemar.  I’ve even seen some Christmas trees in windows.  Just when you think the rapid approach of night is getting you down, holiday lights make it not just bearable, but happy.  Let’s enjoy them while we can,

Right now, it is time for another Braemar Townhouse Report.  This one will focus on sales activity from the months of September and October.  So without further delay, let’s get to it.

There were eight Braemar townhouses that sold between September and October.  Their sold prices ranged from $245,000 to $335,000.  The reason for the large price range is the difference in size of these townhouses.  Some may be two bedroom models with about 1400 square feet.  Others may be three bedroom models at 2100 square feet.  The average of all of the sales gives us our new average market value for Braemar townhouses of $293,913.  That is a very small decrease in average value since last report (only $464 difference,) but an increase in average value of nearly 2% since last year.

Braemar Townhouse Report:  September-October 2016

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of twenty-three days.  You could also expect to give nearly 2% of the sales price in closing cost help for the buyer.

The next Braemar Townhouse Report will be out in January and will focus on sales from November and December.  Until then, when you are ready to sell your Braemar townhouse, give me a call for a free market analysis.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Statistics compiled using the MRIS (Metropolitan Regional Information System