Braemar Property Value Report: September-October 2014 (Courtyard Series)

Braemar Property Value Report:  September-October 2014 (Courtyard Series)

Predictions for the first snow fall of the season in Bristow are being bantered about.  Weather is one of the hardest things to predict more than a few days in advance.  There are so many moving parts that affect the outcome.  Real estate isn’t quite as bad.  You can reasonably look to the recent past, look at what’s in front of you now and look Arlington Model Courtyard Homeforward to say what conditions will be like in the coming months.  Of course, just like the weather, situations change, inventory for instance, or buyer demand, and that’s when the market shifts.

This edition of the Braemar Property Value Report covers the months of September and October to see what has happened with regard to Braemar Courtyard home values.  Of course, if you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway and have extremely small outdoor spaces.  Models include the Arlington, Clarendon and Ballston.

There were two Braemar Courtyard homes that sold during September and October.  Both were Arlington models,  giving them premium placement at the entry to the courtyards.  The high sold price was $369,000 and the low as $361,950.  The average of both sales was $361,950, which is our new average market value for Braemar Courtyard homes.  That is nearly an 8% drop in value since last report, but over a 3% increase in value since last year.

Braemar Property Value Report:  September-October 2014 (Courtyard Series)

If you placed your Braemar Courtyard home on the market, priced to current conditions, this report indicates it would be under contract in an average of just over a week.  You could also expect a buyer to ask for an average of under 1% of the sales price in closing cost assistance.

Happy Holidays to all my Braemar neighbors!Courtyard homes in Braemar may very well benefit from the lower inventory levels we see in fall and winter.  While Courtyard homes show very well through online photos, the lack of yard that many Braemar buyers expect, can lead buyers to choose other homes that offer back yards.  So lower inventory levels may make it easier for Braemar Courtyard owners to sell faster and for more money.

The next Braemar Property Value Report will be out in January and will detail sales from
November and December. Until then, enjoy this holiday season.  And when you are ready to sell your Braemar home, give me a call for a free market analysis.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I can get your Braemar home sold as fast as possible, and for the most amount of money.  No One Knows Braemar Better!

Feel free to join my neighborhood Facebook group, BRAEMAR (Bristow, VA.)  You can start any neighborhood conversation you like to there.  I started it as a place to easily spread the information from these property reports, but I love to see Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037neighborhood interaction there.  My favorite thing that happens there is reconnecting lost pets with their owners.

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

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)

Carriage Series (smaller single family homes with detached garages, 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 back yards)

Condo Quarterly (townhouse style condos)

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

Braemar Property Value Report: July-August 2014 (Courtyard Series)

Braemar Property Value Report:  July-August 2014 (Courtyard Series)

It was great to get out yesterday for Braemar Day and meet some of you that have Arlington Model Courtyard Homebeen following these property reports online.    What a gorgeous day for a community event!

This report is wrapping up the last two months of summer as it pertains to the Courtyard homes in Braemar.  Of course, if you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway have very small yards.  Models include the Arlington, Clarendon and Ballston.

During the months of July and August, only one Braemar Courtyard home sold.  It was an Arlington model with four bedrooms, three and a half bathrooms and a finished basement.  It listed for $394,900 and sold for $392,500.  That sales price is our marker for Braemar Courtyard homes average market value for July and August.  Using this value, we see an increase of just over 6% since last report and last year.

Braemar Property Value Report:  July-August 2014 (Courtyard Series)

If you placed your Braemar Courtyard home on the market, priced to current conditions, this report indicates 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 just under 1.5% of the sales price in closing cost help.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The 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, give me a call for a free market analysis.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I can get your Braemar home sold as fast as possible, and for the most amount of money.  No One Knows Braemar Better!

Feel free to join my neighborhood Facebook group, BRAEMAR (Bristow, VA.)  You can start any neighborhood conversation you like to there.  I started it as a place to easily spread the information from these property reports, but I love to see neighborhood interaction there.  My favorite thing that happens there is reconnecting lost pets with their owners.

Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas 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.)

__________________________________________

 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)

Carriage Series (smaller single family homes with detached garages, 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 back yards)

Condo Quarterly (townhouse style condos)

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

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

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

Braemar Courtyard Home (Ballston Model)

You’re probably enjoying the cool, sunny weather that Mother Nature has bestowed on us lately.  And after reading how hot the Braemar Courtyard home market was in the last two months of summer, you may need to step outside and cool off. In case you are unfamiliar, a Braemar Courtyard home is one of three different models that share a private courtyard driveway and have very small yards.  Models include the Arlington, Ballston and Clarendon.

There were three resales of Braemar Courtyard homes in the last two months of summer.  Oddly, they were are all Arlington models.  The high sold price was $391,000.  The low sold price was $350,000.  The average of all three sales gives us our new average market value of $369,667 for Braemar Courtyard homes.  That’s an increase of over 3% since last report and an increase of over 7% since last year.  That’s great news for Braemar Courtyard homes that have seen values go up and down with sporadic sales activity.

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

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Courtyard home on the market, priced to current market conditions, you could expect it to be under contract in an average of a little less than two weeks.  You could also expect a buyer for ask for an average of about 1.5% 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, give me a call for a free market analysis.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money.  And remember, 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 Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.netwww.SellingBraemar.com

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)

Carriage Series (smaller single family homes with detached garages, 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: September-October 2012 (Courtyard Series)

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

The peak of the fall colors in Braemar is past.  The trees lost a lot of their foliage during Hurricane Sandy and are now naked.  Hey, at least most of them are still standing after that storm.  Our neighborhood did take some damage, but thankfully nothing too major.  I saw a few homes with siding torn off and some signs blown down.  Other than that, we can count ourselves lucky.

With September and October behind us, it’s time to take a look back at the Braemar Courtyard home market.  In case you are unfamiliar, a Braemar Courtyard home is one of three different models that share a private courtyard driveway and have very small yards.  Models include the Arlington, Ballston and Clarendon.

Not unlike other reporting periods, there were no resales of Braeamar Courtyard homes during the months of September and October 2012.  Same thing happened in September and October 2011 in fact.  Because Braemar Courtyard homes make up such a small part of our community and appeal to such particular buyers, seeing no sales in a reporting period is not cause for panic.  So until we have more Courtyard homes sell, we’ll look back to last report’s (July-August 2012) average market value for a baseline.

The next Braemar Property Value Report will be out in January and will detail sales from November and December.  Until then, if you are thinking of selling your Braemar home, give me a call for a free market analysis.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money.  And remember, no one knows Braemar better!

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

703-402-0037, www.NVARealEstate.netwww.SellingBraemar.com

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)

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