Braemar Property Value Report: January-February 2021 (Ryan Homes)

Braemar Property Value Report: January-February 2021 (Ryan Homes)

It’s been a dreary, drizzly day in Braemar today. Nonetheless, the real estate market is ticking right along. I’ve talked to two potential Braemar sellers and shown property to a Bristow buyer in search of a townhouse today. Our market seems completely oblivious to passing events like weather and even the pandemic.

In this edition of the Braemar Property Value Report the focus is on resales of houses built by Ryan Homes in our neighborhood. Our reporting period for sales is the first two months of the year. Let’s get right to it.

There was one Ryan home that sold during our current reporting period. The details of that sale are detailed below:

At first glance, I find it odd that a home would sell for anything less than list price during this frenzied seller’s market. Especially a home that was only the market for six days. Nonetheless, it wasn’t that far off of its list price. Taking this sale and combining it with the entire past twelve months of Ryan Home sales, the six and twelve month data points in this report are updated as seen below:

Everything looks completely as I would expect seeing the six month average and six month median sold prices above their respective twelve month values. This means that Ryan Homes in Braemar are continuing to increase in value.

The seller subsidy column is where we see how much closing cost help buyers were able to negotiate from Ryan Homes sellers in Braemar. Not surprisingly, the six month average seller subsidy has decreased significantly from the twelve month average. Meanwhile the six month median is at zero…quite a change from the $4,000 twelve month media seller subsidy. Buyers are having to go with more seller favored terms in their offers to get accepted in multiple offer situations lately.

Days on market shows single digits down the line, five being the highest. No analysis needed. Ryan Homes are selling FAST.

If you placed your Ryan Home in Braemar on the market, priced to current conditions, you could expect it to be under contract in less than a week. You could also expect multiple offers with buyers dropping many typical contingencies and seller subsidy requests in an effort to be chosen.

The next Braemar Property Value Report will be out in May. Until then, when the time comes to sell your Braemar home, find out what my unparalleled market knowledge and top notch marketing can do for you. Sadly, even in a seller’s market there are homeowners leaving money on the table. 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
www.ChrisAnnCleland.com

Just Listed: Three Bedroom Norwood Model for $435,000

Just Listed: Three Bedroom Norwood Model for $435,000

It is always an honor when a purchaser from one of my Braemar listings, who had been represented by another agent, calls ME up when the time comes to sell that Braemar home.  My knowledge of the Braemar real estate market, professional marketing and in depth knowledge of our real estate contract must shine through.  My latest Braemar Carriage home listing is one of these cases.  I first listed 13174 Kirkmichael in the late summer/early fall of 2015.  Since then, the current owners have been quite busy making improvements and customizing their home.

The basics of the home are the same.  It is a three level Norwood model with a private driveway along the side of the home and a detached two car garage in the back of the home.  The back yard is fully fenced with plenty of yard to enjoy and a wood deck with a pergola off the kitchen.  The hardwood floors on most of the main level, with the exception of the family room, are still present.  Three bedrooms and two bathrooms upstairs include the master suite with an attached full bathroom dual sinks/vanity and a walk-in closet.  Secondary bedrooms sit on opposite sides of the second full bathroom, accessed by the hallway entrance. In the basement, a walk up exit and two finished areas along with a full bathroom.  The built-in bookcases are working great for a home office area.

 

What’s been updated makes the home different this go round?  For starters, there was a new roof installed in 2018.  That will make any interested buyer happy.  Inside, the kitchen and family room areas are most notably changed.  The kitchen now sports leathered granite counters, a tile back splash, stainless steel appliances and a cherry wood butcher block island.  Across from the kitchen, the ship lap style accent wall bring new life to the family room.

There is a nice use of colorful accent walls in this home.  Tones of dusty teal wrap the main level staircase walls. Upstairs, each bedroom has an accent wall.  And the powder room makes a bold statement with its stripes.  The good news for buyers is that, if this isn’t your style, paint is easy to change.

 

 

 

 

 

 

 

 

You can see all there is to see about this Braemar Carriage home, currently listed for $435,000 by clicking this this for the virtual tour.   If you don’t have an agent and would like to see it, 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 Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com