Braemar Property Value Report: March-April 2017 (Carriage Series)

Braemar Property Value Report:  March-April 2017 (Carriage Series)

Another overcast weekend day is making for the perfect opportunity for this Braemar Real Estate Agent to update you on Braemar home values.  This particular report focuses on sales activity for Braemar Carriage homes in March and April.   Braemar Carriage homes 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 six sales of Braemar Carriage homes between the beginning of March and end of April.  

Two of the six sales were four bedroom homes, four of them were three bedroom homes.  The final sold prices ranged from $325,000 to $430,000.  It is a pleasure to have been the Braemar Listing Agent for the Carriage homes that garnered the highest sold prices.  The majority of these sales had garages and sold in about a week or less.

When we look at the rolling six month and twelve month rolling average and median sold prices, we find that six month average sold price is up from the twelve month average sold price, but the six month median sold price is down from the twelve month median.   The same holds true for seller subsidy.  All in all, Braemar Carriage home values are holding steady.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in anywhere from 8 days to 24 days.  You could also expect a buyer to request an average of about $4,000 in closing cost help.

The next Braemar Property Value Report will be out in July and will cover the months of May and June.  In the meantime, if you want to see how these sales have affected your home’s value, give me a call at 703-402-0037.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Another Braemar Carriage Home in the Sold Column!

Another Braemar Carriage Home in the Sold Column!

The home that started my 2017 carriage home roster was 9450 Cromarty Court in Braemar.  I listed it on February 2nd for $425,000.  The sellers wanted to get a jump on the spring market and were sure glad they did.  They were under contract in only eight days.

Of course, that first weekend on the market they had no clue what activity the market had in store for them.  Showing after showing after showing kept this couple, with two small kids and two big dogs out of the house practically all weekend.

With a lot backing to private farm land, totally fenced, and the larger Parkdale floor plan, I knew this home would get a lot of showings.  The upgrades in the kitchen and bathrooms certainly helped too.  And as always, brand new carpet and paint proved to be money well spent.

After a little over two months since contract ratification, settlement seemed like it would never get here.  Once the home inspection was wrapped up and the appraisal was done, it was nothing but waiting for the big day.  That big day arrived today.

On April 14th, this Braemar carriage home sold for $430,000, $5,000 above the list price!  The sellers generously agreed to give closing cost assistance of $7,500.

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com 

Braemar Parkdale Carriage Home Sold in One Day!

Braemar Parkdale Carriage Home Sold in One Day!

On Valentines’ Day 2017 I listed 9758 Tombreck Court, a Parkdale with four bedrooms, three and a half bathrooms at the end of a cul-de-sac.  The Seller and I had discussed pricing the home and landed on $420,000.  It was a tad higher than the recent comparable sales, but since there was a shortage of available houses for sale, we decided to go for it.

To prep the home, the seller had it painted inside and out, new carpet installed and the siding power washed.  And because it was vacant, I did a little bit of light staging to warm it up and make it feel homey.  It didn’t have a lot of upgrades, but it had three finished levels in good shape, a detached garage and most importantly, that cul-de-sac lot.

The first day on the market, we had four offers.  So on February 15th, we reviewed what we had.  Two of the offers had home sale contingencies.  One of those buyers was under contract, the other hadn’t even put their home on the market.  The choice to the Another, without a home sale, really didn’t offer a competitive price.  The Seller, who wished to avoid any additional risk with the home sale, chose to go with the fourth offer that didn’t have anything but home inspection, radon inspection, appraisal and financing contingencies.  Those four are standard contingencies in our Braemar marketplace.

It was smooth sailing through the inspections and, because I was able to communicate the demand in the neighborhood and provide a list of updates down prior to listing to the appraiser (along with comps of course,) there wasn’t an apprasial issue either.

This four bedroom Parkdale model Carriage home sold for $425,000 on March 15th (2017.) 

When you are ready to sell your Braemar home, call me.  No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

Braemar Property Value Report: November-December 2015 (Carriage Series)

Braemar Property Value Report:  November-December 2015 (Carriage Series)

Since shoveling out of what we had so far of the blizzard 0f 2016 seems pointless, Carriage Home in Braemarwhy not park myself at the computer and put together another Braemar Property Value Report.  This one details sales from the Carriage Series during the last two months of 2015.  Carriage homes, by the way, 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.

There were three sales of Braemar Carriage homes that sold in November and December.  All three were Oakdales with finished basements.  Only one of those basements had an exit.  Sold prices ranged from $370,000 to $380,000.  That’s a pretty tight range for three sales.  The average of all three gives us our new average market value for Braemar Carriage homes of $374,967.  That’s a very slight decrease since last report (less than 1%) and a 12% increase since last year.

Braemar Property Value Report:  November-December 2015 (Carriage Series)

If you placed your Braemar Carriage home on the market, priced to current condition, you could expect it to be under contract in an average of nearly two months.  You could also expect to give an average of about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in late March  and will detail sales from January and February. Until then, when you are ready to sell your Braemar Carriage Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037home, give me a call for a free market analysis.  I’ve been a Braemar home owner 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.  No One Knows Braemar Better!

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 using the MRIS (Metropolitan Regional Information Systems.)