Braemar Property Value Report: July-August 2018 (Carriage Series)

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Braemar Property Value Report: July-August 2018 (Carriage Series)

If you had to guess how many properties there are for sale in Braemar right now, what would you say?  This would include all property types (townhouses, single family homes, condos, etc.)  And it would only be the ones that aren’t under contract.  The answer is twenty-three, and two of those are Braemar Carriage homes.  Twenty three homes is about as much as I have seen on the market at one time in Braemar this year.  Could it be that demand is winding down?  Well, I doubt that’s the case for Braemar Carriage homes, but in this edition of the Braemar Property Value Report, we will take a look at the sales from July and August and see where trends are heading.  And if you aren’t familiar with what a Braemar Carriage home is, they are characterized by the lack of an attached garage. When these homes have a garage, it is detached and sits in back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were four Braemar Carriage homes that sold between the beginning of July and end of August.  Sold prices ranged from $400,000 to $419,900.  Details of each sale are listed below:

Don’t be alarmed by the sold price range.  As you can see above, three out of four of these homes were three bedroom homes, and the smallest Braemar Carriage home floor plan available to boot–the Maplewood.  When we take these four sales and update our rolling twelve month store of Braemar Carriage home sales data, here is what we find:

When we look at the six month average and median values compared to their twelve month counterparts, what we want to see in the six month values is increases in sold prices, and decreases in seller subsidy (closing cost assistance sellers gave to buyers) and days on market (marketing time.) Let’s start with the sold prices.  The six month average and median sold prices are above their twelve month counterparts.  That’s a great start.  It indicates that Braemar Carriage home values are still pushing upward.

When we move to look at seller subsidy, we see that the six month average is slightly below the twelve month average.  However, the six month median is higher than the twelve month median.  These value trends are opposed to one another, but I think it is safe to say that seller subsidy is marching up.  That median value is a true look at the middle value in all the solds, while the average is just that, an average.

We get back to good news when we see that both the six month average and median days on marketing is lower than the twelve month values.  So while Braemar Carriage home sellers may be giving a bit more in closing cost assistance, they are selling for more and selling a tad faster in the short term.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect your home to be under contract in just under a week or two.  You could also expect to pay an average of about 1% of the sales price in seller subsidy.  All in in all not bad when you consider that buyers can receive 3% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in November.  Until then, when you get the thought that the time may be approaching to sell your Braemar home, give me a call.  It’s never too early to start speaking with this Top Braemar Listing Agent.  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: May-June 2014 (Carriage Series)

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

It’s time for another Braemar Property Value Report, focusing on homes in the Carriage Series.  Before we get started, let’s clarify was defines a Braemar Carriage home.  Carriage homes are characterized by the lack of an attached garage.  Rather, if they have a garage at all, it is detached and sits in back of the home.  The floor plans, from smallest to largest, are: MaplewoodNorwoodOakdale and Parkdale. Norwood Model that sold for $384,500

There were four Braemar Carriage homes that sold during the months of May and June.  The low sales price was $360,000.  The high sales price was $384,500 and happened to be my own listing.  The average of all four gives us our new average market value for Braemar Carriage homes of $369,600.  That’s a 19% since last report, but we knew that was going to happen.  There were two distressed sales that really were far out of line of the other property sales happening in the neighborhood.  More importantly, this is over a 4.5% increase since last year.

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

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed you Braemar Carriage home on the market, priced to current conditions, this report indicates that you would be under contract in an average of twelve days.  I suspect that number is going to increase next report since we have hit the summer months when our market naturally seems to slow down due to vacations.  You could also expect to give closing cost assistance, amounting to an average of about 1% of the sales price, to the buyer.

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 Carriage home, give me a call 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 can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly…No One Knows Braemar Better!

Feel free to join my neighborhood Facebook group:  BRAEMAR (Bristow, VA.)  Here you  will find links to these reports and my Braemar listings.  And you can start any neighborhood conversation you like to there.  Find babysitters, someone to mow the lawn, or help a lost pet find its way back home.  Come join your neighbors!

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.comwww.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:

Arista Series  (large single family homes built by 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)

Braemar Property Value Report: November-December 2013 (Carriage Series)

Braemar Property Value Report:  November-December 2013 (Carriage Series)

It would be great to be the person that delivers good news about the Braemar real estate market all the time.  Unfortunately, in the real estate industry, good news is not always what is on tap.  That being said, the bad news is not necessarily as bad as may initially think.

Carriage Home in BraemarWhat am I getting at?  Well, it’s time for another Braemar Property Value Report, which looks at sales of Braemar Carriage homes over the last two months.  In this report, we’re focused on the last two months of 2013.  And to clarify what a Braemar Carriage home is: Braemar Carriage homes are characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all. Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

The news for Braemar Carriage homes this report is not great.  There were three resales of Carriage homes in the last two months of 2013.  The low sold price was $349,000.  The high sold price was $353,000.  Only one of the homes that sold was a four bedroom on the upper level floor plan—an Oakdale. The average of all three sales gives us our new average market value of Braemar Carriage homes–$350,666.  Unfortunately that average market value represents just over a 3.5% decrease since last report.  The good news is that, compared to last year, it is nearly a 2% increase in average value.  So it isn’t all bad news.  And having a Braemar Carriage home slated to settle on January 31st, I do have a sneak peek at what the future holds.  The next report will bring better news.

Braemar Property Value Report: November-December 2013 (Carriage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in just under two weeks.  You could also expect to pay buyer closing costs averaging 1/2% of the sales price.  Not bad.  I remember when the average seller subsidy was 1 1/2% of the sales price.

The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2014. Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly…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.comwww.NVARealEstate.net

 

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

__________________________________________

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

Arista Series  (large single family homes built by 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: January-February 2013 (Carriages Series)

Braemar Property Value Report:  January-February 2013 (Carriages Series)

It may not be the official beginning of Spring, but whenever we jump ahead an hour, I consider that the beginning of Spring.  There’s something about that extra hour Parkdale Carriage Home in Braemarof daylight that is so rejuvenating to my spirit.  I’m sure it won’t be long now before the lawns are greening up, the trees are budding and the flowers are blooming in Braemar.

Now that we have the first two months of the year behind us, we can do our bi-monthly review of the Braemar Carriage home market.  Carriage homes are characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all  Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

There was only one Braemar Carriage home that sold in all of January and February.  It was a Parkdale model with three bedrooms and three and a half bathrooms and a finished basement.  It listed for $325,000 and sold for $301,000.  Since this was the only sale, it becomes our new average market value for Braemar Carriage homes.  However, when there is only one sale in a marketing period, the average value can be tremendously skewed.  I suspect that is the case.  While we see a decrease in value over over 12.5% since last report and a decrease of 9% since last year, I suspect that values are stable to increasing, based on what I see happening daily in Breamar and the surrounding Bristow-Gainesville real estate market.

Braemar Property Value Report:  January-February 2013 (Carriage Series)

If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in a little over Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037a month.  The reality is really that demand is so strong in our neighborhood that the next report that takes multiple Carriage homes sales into account, will likely show a much smaller marketing period.  This report also indicates you could expect a buyer to ask for about 2% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in May and will detail sales from March and April.   Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time.  And most importantly…No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

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

Braemar Property Value Report: November-December 2012 (Carriage Series)

Braemar Property Value Report:  November-December 2012 (Carriage Series)

Looking at the forecast for Bristow, it looks like we are about to get walloped with some day time temps below freezing.  Braemar residents will want to make sure they snowy carriage homeare bundled up for that.  Despite the fact that it’s mid to late January, it is now time to look back to the last two months of 2012 and see how Braemar Carriage home values fared.  Carriage homes are characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all  Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

There were two Carriage homes that sold during November and December.  One was an Oakdale with four bedrooms and two and a half bathrooms and an unfinished basement selling for $344,000.  The other was a Maplewood model with three bedrooms, three and a half bathrooms and a partially finished basement selling for $345,000.  The average of their sale prices gives us our new average market value of $344,500.  That’s nearly an 8.5% increase since last report, but a little over a 1% decrease in value since last year.  While we see a big increase report to report and a slight decrease year to year, to me that is overall stability in Braemar Carriage home values.

Carriage

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Carriage home on the market, priced to current market conditions,  you could expect it to be under contract in less than two weeks.  You could also expect a buyer to ask for an average of over 2% of the sales price in closing cost assistance.  While we are in seller’s market, with low inventory and high buyer demand, we are still finding that a majority of buyers are in need of closing cost assistance.  If you are planning to sell your Braemar Carriage home, expect to see this request in offers you receive.

The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2013.   Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time.  And most importantly…No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

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

_________________________________

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

Arista Series (large single family homes built by Brookfield Homes)

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

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

Braemar Condos (condos knowns as Barrhill at Inverness Village)

Braemar Townhouses (garage and no garage townhouses)

Braemar Property Value Report: September-October 2012 (Carriage Series)

Braemar Property Value Report:  September-October 2012 (Carriage Series)

I am so thankful that Braemar weathered Hurricane Sandy very well.  Following the Braemar Residents Facebook group that evening, it seemed there were quite a few home owners puzzled by leaks in windows and so forth.  It’s hard to stop rain driving at your home horizontally at 50 mph.  It’s going to find a way in.

With September and October behind us, let’s take a look back at the Braemar real estate market, specifically, Carriage homes.  These are characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all  Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

There were two Carriage homes that sold, both in September.  The high sold price was $349,900.  The low sold price was $284,900.  The higher was an Oakdale with three finished levels, four bedrooms and two and a half bathrooms.  The lower was a Norwood with two finished levels, three bedrooms and two and a half bathrooms.  Their average becomes the new average market value for Braemar Carriage homes:  $317,700.  That’s nearly a 6% decrease since last report, but over a 3% increase since last year.

If you placed your Braemar Carriage on the market, priced to current market conditions, you could expect it to be under contract in about two and a half weeks.  You could also expect a buyer to ask for an average of  1.6% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in January and will detail sales from the last two months of 2012.   Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time.  And most importantly…No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

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

_________________________________

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

Arista Series (large single family homes built by Brookfield Homes)

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

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

Townhouse Report (no garage and garage townhomes)

Condo Quarterly (condos knowns as Barrhill at Inverness Village)

Just Listed in Braemar: Four Bedroom Carriage Home for $349,000

Just Listed in Braemar:  Four Bedroom Carriage Home for $349,000

This is a great opportunity!   As a Parkdale floor plan, this home is the largest among the carriage homes built in Braemar by Brookfield Homes.  All four bedrooms are on the upper level.  Master Suite has separate soaking tub and stall shower, along with dual sinks/vanity.  Remaining three bedrooms have hallway access to the second full bathroom.

The main level has its formal and informal areas.  Formal living and dining rooms flank the foyer.  Each is a made bit more sophisticated with a bay window.  Formal dining room has access to kitchen through the Butler’s pantry, which is directly across from the laundry room.  The kitchen has a breakfast nook and plenty of counter and cabinet space with its large island.  The whole area is open to the family room, which sports a gas fireplace.  There’s also a powder room on the main level.

You will find the recreation room in the basement, along with a den and another full bathroom. The basement does have a walk up exit.  Outside is a detached two car garage, accessed by a private driveway off of the main road.

The HOA fees for this carriage home covers the Braemar community amenities, along with basic cable and Internet service through RCN.  Community amenities include two outdoor pools, multiple tennis & basketball courts, playgrounds and walking trails.

As a Short Sale, a buyer will have to wait about thirty to forty-five days for bank approval.  If you are interested in seeing this one for yourself, call for a tour.

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

703-402-0037, ChrisAnn@LNF.com, www.SellingBraemar.com, www.NVARealEstate.net