Braemar Property Value Report: May-June 2019 (Arista Series)

Braemar Property Value Report: May-June 2019 (Arista Series)

The Braemar real estate market has been busy, busy, busy.  Low inventory and high buyer demand have been the hallmark of 2019.  Right now, we are going to specifically go over the happenings with regard to Arista Series homes in Braemar during the last two months.  Arista Series homes are among the largest homes in Braemar, built by Brookfield Homes.  The Arista Series homes are one of three floor plans:  Arista, Buckingham and Canterbury.

There were four Arista homes that sold in Braemar in the months of  May and June.  The details of those sales are listed below:

The sold prices ranged from $537,500 to $625,000.  The low sold price seems to be due in large part to an unfinished basement.  The remaining three all had finished basements to some degree.  The degree to which they were finished, and type of exit (walk out vs. walk up) seem to make a difference in their sold prices.

When we take these sales and combine with them with the entirety of the last twelve months of Arista home sales, we get new six and twelve month data points, which are pictured below.

Looking first at sold prices, the six month average sold price has dipped ever so slightly below the twelve month average.  It’s a little more than a $1,000 difference.  Certainly not enough to be concerned with, particularly when you see that the six month median sold price is $9,500 higher than the twelve month average.  Arista home prices are holding steady at worst, continuing to push up in value at best.  Either way, it is not bad news.

Seller subsidy is not a great trend in either the six month average or six month median numbers.  Both are above their twelve month counterparts.  This means that in the more recent sales, buyers are getting more closing cost help.

Finally, days on market.  Remember, our new MLS, adopted in November 2019, stops counting days on market at different points than our previous MLS.  This has resulted in higher marketing times in the more recent sales.  However, even given the difference, marketing time in both six month values is below the twelve month values.  It seems Braemar Arista homes are selling faster.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect to be under contract and well on your way to settlement in about five weeks.  You could also expect to give a little more than 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September.  Until then, when the time is approaching to sell your Braemar home, give me a call for the most accurate market analysis and best marketing plan for your home.  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

 

 

Another Yardley in Braemar SOLD!!

Another Yardley in Braemar SOLD!!!

In my career as a Braemar Listing Agent, which began in 2005, I have listed and sold nine Yardley models.  That’s more homes than have sold so far in 2018 in Braemar.  And in case you are curious, as of right now there have been seven Braemar homes sold in 2018.  I’m happy to say I’m responsible for two of those sales.  Let me tell about 12366 Fife Ness Court, which sold today–January 31, 2018.

In the middle of September I was contacted by the owners who were looking for the right agent to sell their home.  There was a lot of trepidation on their part about timing.  Everyone always talks about the spring market.  No one talks about the year end market.  And that’s exactly the market they were going to be facing to list if they wanted to dove tail the sale of their Yardley before purchasing their new construction home, due to be complete in January.  It was my pleasure to put their minds at ease.

The year end market is a fantastic time to list.  We took a look at average days on market and made a plan to list in November.  The home hit the market on November 9th, priced at $489,000.  I knew this home was going to be eaten up by the market.  After all, I also had 12278 Scotts Mill Drive on the market around that time.  And having more than one buyer ready and willing to buy that one, it was great to be able to tell those agents that they could bring their buyers to 12366 Fife Ness Court. That’s an advantage of hiring a top agent in Braemar.  If you have a listing coming up, you can let buyer’s agents looking in that price range know.

After only eleven days on the market, this home was under contract.  The sellers were very pleased to see just how many buyers were out at the end of the year.  They were even more excited that the buyers that wrote on their home were willing to settle in late January.

This meticulously maintained four bedroom home went sold on January 31st (2018) for $485,000.  

When you are ready to sell your Braemar home, hiring a top Braemar listing agent is key to getting your home sold for the most money.  Call me and let me show you why 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

 

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)