Braemar Property Value Report: May-June 2014 (Arista Series)

Braemar Property Value Report:  May-June 2014 (Arista Series)

You know that July has arrived in Bristow when it is hazy, hot and humid.  Yuck.  Forget having a good hair day in summer.  If you are hanging out by the Braemar pools, you probably don’t care about good hair days.  It’s all about staying cool.

You must be wondering, are Arista Series home values in Braemar hot or cool?  That’s the question this edition of the Braemar Property Value Report seeks to answer every two months.  And for clarification for those who may not know what an Arista Series home in Braemar is, they were the largest single family homes built by Brookfield Homes and came in three floor plans:  Allister, Buckingham and Canterbury.

So what happened in the Arista Series in May and June?  Nothing.  Not one Allister, Buckingham or Canterbury made it to the settlement table.  Not unusual, because this is the same thing that happened this time last year.  So until next report, we’ll have to keep last report’s value in mind as a place holder.

The next Braemar Property Value Report will be out in September and will detail sales from July and August.  Until then, if you are thinking of selling your Braemar home, call me for a free market analysis of your specific home’s value.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I know our local market and how your home fits into it.  No One Knows Braemar Better!

If you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group.  While you’re there, start a conversation with your neighbors or maybe even help a lost pet find its way back hone.

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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You can see the most recent property values in Braemar by clicking the links below:

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

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

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Braemar Townhouse Report (traditional townhouses with back yards)

Condo Quarterly (townhouse style condos)

Piggyback & Patio Quarterly (back to back townhouses and quad homes)

Just Sold in Braemar: Two Finished Level Canterbury for $525,000

Just Sold in Braemar:  Two Finished Level Canterbury for $525,000

A full week before this Canterbury model in Braemar was to hit the market on March 1st (2014,) I was speaking casually with an associate of mine at Long & Foster in Gainesville.  Chit chatting with fellow agents may seem like a waste of time, but it is most
certainly not.  I mentioned this listing coming up and the conversation focused on it.  She had Buyers that were looking for something exactly like it.

After a request from her Buyers to get a look inside before it hit the market, my Sellers decided that was a good plan.  We told them the list price of $525,000 and let them in to take a look.  It wasn’t long before we had a full price offer from them.  A few details ironed out between Buyers and Sellers and this Canterbury was under contract before it ever hit the MLS on February 28th.

The home itself was nicely appointed with hardwood floors throughout the main level, Corian counters in the kitchen and an upgraded ceramic flooring in the owner’s bathroom.  It also had a great lot backing to some trees, was fully fenced and had a genuine Brazilian Ipe hardwood deck.  What it didn’t have was a finished basement.

There were no appraisal issues and no home inspection repairs requested.  It was as smooth a transaction as a sale can be.  It closed for $525,000 on April 25th.

If you are thinking of selling your Braemar home, I would be happy to provide you with a free market analysis of your home’s worth in today’s market.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.NVARealEstate.net

Braemar Property Value Report: July-August 2013 (Arista Series)

Braemar Property Value Report:  July-August 2013 (Arista Series)

Fall is in the air.  The temps are finally cooling and it won’t be long before we see the foliage changing as we drive through Braemar.  Of course, before we let the summer go completely, we still have an opportunity in this Braemar Property Value Report to see what happened in the real estate market those last two months of summer.

In this report, we’ll take a specific look at resale in the Arista Series.  Those are the large single family homes built by Brookfield Homes and include these three floor plans:  Allister, Buckingham and Canterbury.

There were three resales in the Arista Series during the months of July and August.  Not surprisingly, they were all Canterburys, the most popular of the three floor plans in the Arista Series.  The high sold price was $544,000 and the low sold price was $515,000.  The average of all three gives us our new average market value of $526,333.  While we have no comparison to make to last report since no Arista Series homes sold in May and June, we do have a comparison to last year and it’s amazing.  Year to year, the Arista Series homes have increased in average value nearly 28%.

If you placed your Allister, Buckingham or Canterbury on the market, priced to current market conditions, this report indicates it would be under contract in less than one month.  You could also expect a buyer to ask for an average of a little more than 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in November and will detail sales from September and October.  Until then, if you are thinking of selling your Braemar home, call me for a free market analysis of your specific home’s value.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I’ve also been a Short Sale Agent since 2007.  I know our local market and how your home fits into it.  No one knows Braemar better!

And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group.  You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.

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

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.NVARealEstate.net

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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You can see the most recent property values in Braemar by clicking the links below:

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

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

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Property Value Report: November-December 2011 (Arista Series)

Braemar Property Value Report:  November-December 2011 (Arista Series)

One of the first things Braemar was hit with in the New Year was a snow squall.  The temperatures got bitter cold (mid-teens) and before you knew it, snow flurries turned into a furry of snow.  It didn’t dump much on us, really just enough to turn the streets white for one night.  That was a few days ago.  Today temps were in the high 60’s.

Now that November and December are behind us we can close out the 2011 stats with a look back at the Braemar real estate market.  In particular, we’ll be looking at the resale activity of single family homes built by Brookfield Homes in the Arista Series.  These include the following models:  Allister, Buckingham & Canterbury.

There was only one resale of a Braemar Arista Series home between the months of November and December.  It was a Canterbury model with four bedrooms, four and a half bathrooms and a fully finished basement.  It listed for $450,000 and sold for $442,000.  That sale price becomes our new average market value for homes in the Arista Series, bringing property values down slightly over 4% since last report (September-October 2011.)  Since there were no sales at in the Arista Series in November and December 2010, we have no idea what property values have done year to year.

If you placed your Allister, Buckingham or Canterbury model home on the market, priced to current market conditions, you could expect to have it under contract in about one week.  You could also expect a buyer to NOT ask for closing cost assistance.  Competition for homes is fierce right now and serious buyers are doing what it takes to go under contract and get a Braemar home.  That includes not asking for closing cost help.

The next Braemar Property Value Report will be out in March and will detail resales from the first two months of 2012.  Until then, if you are thinking of putting your Braemar home on the market, call me for a free, customized market analysis of your specific home’s value.  As a Braemar resident and full time real estate agent since 2005, and a Short Sale Agent since 2007, I can help you sell your Braemar home for the most money in the least amount of time 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 

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

_________________________________________

You can see the most recent property values in Braemar by clicking the links below:

Carriage Series(smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series(executive style homes, five to a private driveway, Brookfield Homes)

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

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly(condos known as Barrhill at Inverness Village)