Braemar Property Value Report: September-October 2018 (NV Homes)

Braemar Property Value Report: September-October 2018 (NV Homes)

It is probably obvious to you that not every real estate agent you may know that serves our area goes to the trouble of preparing market reports for the area.  Sure, there are cut and paste lines from the MLS that make it to my door, but they give you all the information for the neighborhood.  How is that helpful?  If you own an NV Home, does it matter how long it took a townhouse to sell?  Or a carriage home?  Or a house in the age restricted Dunbarton?  No, it doesn’t.  That’s why I personally prepare these reports myself, and take the time to explain them to you.

Today’s Braemar Property Value Report focuses on sales of NV Homes, of which there were two during our reporting period of September and October.  The details of those sales are listed below:

When I take these two sales and replace September and October 2017 in my rolling year’s worth of NV Home sales, I am able to get a fresh look at our six and twelve month average and median data points.  They now look like this:

When comparing six month values to twelve month values, the shorter term are indicative of current trends when compared to the longer term.  The six month average sold price has fallen slightly below the twelve month average sold price.  By itself, that may be a sign of a slowing market for sellers.  However, the fact that the six month median value is the same as the twelve month median does not give that indication.  What NV homeowners are experiencing are stable market values.

Seller subsidy (closing cost assistance to buyers) is showing short term trends that NV homeowners will love.  The six month average seller subsidy is lower than the twelve month average seller subsidy.  The six month median seller subsidy is way below the twelve month median seller subsidy.  This means that NV homeowners have been giving less money in closing cost help to buyers.

Days on market, or as I call it, marketing time is another showing stability.  The six month average marketing time is about two weeks faster than the twelve month average marketing time.  That’s great and by itself would be indicative of a trend that NV Homes are selling faster.  However, when we look at the median marketing times in the six and twelve month markers, we see they are exactly the same.  This is stability in marketing time as far as I am concerned.

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in under fifty days.  You could also expect to give under 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in January.  If you would like to be on the email list to receive the report relevant to your home style, send me an email at ChrisAnn@LNF.com with BPVR Request in the subject line.  Then give me your property address and email address where you would like the report delivered.

Of course, if you have a need to sell this year end, don’t panic.  Give me a call at 703-402-0037 and I’ll be happy to go over comps and tell you why my year end listings sell.  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 (NV Homes)

Braemar Property Value Report:  May-June 2014 (NV Homes)

Today was a much needed respite from the heat and humidity that are all too familiar to those of us who live in Bristow.  Sweltering days.  Thunderstorms in the late afternoon/evening.  Not my favorite type of day.  I love warm temps with a cool breeze and not a lot of humidity like we had in Braemar today.NV Home in Braemar

NV Home values seem to be heating up this edition of the Braemar Property Value Report.  These are home, simply put, that were built by NV Homes in Braemar.

There were three NV Homes that made it to settlement in May and June.  Their final sale prices ranged from $500,000 to $590,0000.  The average of all three gives us our new average market value for NV Homes:  $550,000.  That represents over a 14.5% since last report and nearly a 16% increase in average market value since last year.

Braemar Property Value Report: May_June 2014 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar NV Home on the market, priced to current conditions, this report indicates you could expect it to be under contract in an average of 11 days.  While that may have been true in May and June, July and August are among some of the slowest months of the year.  Right now we are building inventory in Braemar.  Now more than ever it’s important to price right out of the gate.  You could also expect a Buyer to ask for an average of less than 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in September and will detail sales from the month of July and August.  Until then, if you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   I’ve been a full-time real estate agent and Braemar home owner since 2005. I can get you the most money in the shortest amount of time when you sell your Braemar home.  No One Knows Braemar Better!

And if you haven’t already, please join my new Braemar Facebook group:  BRAEMAR (Bristow,VA.)  You can find links to these reports and be involved in all kinds of neighborhood conversations.

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)

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)

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: September-October 2013 (NV Homes)

Braemar Property Value Report:  September-October 2013 (NV Homes)


NV Home in BraemarWatching NV Home values is something I did when I first started these property reports in 2005,
 but I soon dropped the NV reports because the values seemed to bounce all over the place.  There was no consistency.  Perhaps it was the market, as it was on a steep dive.  We’ll see.  This is the second report for sales of NV Homes in Braemar, and it is detailing sales from September and October.

There was one NV Home that sold in the last two months.  It was a Remington model with four bedrooms, two and a half bathrooms and an unfinished basement.  It listed for $464,900 and sold for $465,000.  So being the only sale in the last two months, this sold price of $465,000 is our new average market value for NV Homes in Braemar.  That is over a 4% drop in average market value since last report.  And while there is no formal report for sales during September and October 2012, for the sake of comparison I did run them.  The current average value of $465,000 is up nearly 8% since last year.

Braemar Property Value Report:  September-October 2013 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in an average of about two weeks.  You could also expect a buyer to ask for an average of nearly 1% 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 2013.  If you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  In 2007, I also added the distinction of being a Short Sale Agent.  No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home.  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.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)

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

Heritage Series (mid-sized single family homes, Brookfield 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: July-August 2013 (NV Homes)

Braemar Property Value Report:  July-August 2013 (NV Homes)

The chill in the fall air is something I can’t seem to get enough of in Braemar this Fall is here in Braemartime of year.  It’s a close rival to the early summer smell of honeysuckles.  I think I like whichever one best that I am experiencing at the moment.  So now, that’s fall.

This particular Braemar Property Value Report is the first of its kind, featuring sales in the Braemar comunity of single family homes built by NV Homes.  These are large single family homes in the community, with attached two car garages.  Like most of the other Braemar Property Value Reports, it will come out every other month.

During the last two months of summer, July and August, five NV Homes sold within Braemar.  The high sold price was $535,000.  The low sold price was $410,000.  The average of all five gives us an average market value of NV Homes in Braemar of $485,760.  Even though this is the first installment of this report, I did go back and run numbers for the months of May and June 2013, and July and August 2012.  Respectively, this means litte more than a 1% increase since the previous two months, but over a 5.5% drop in average market value since the reporting period last year.

Braemar Property Value Report:  July-August 2013 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your NV Home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in an average of about 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 the months of September and October.  If you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  In 2007, I also added the distinction of being a Short Sale Agent.  No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home.  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.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:

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)

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

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

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)