Braemar Property Value Report:  July-August 2017 (Courtyard Series)

Braemar Property Value Report:  July-August 2017 (Courtyard Series)

While the fall solstice may not be until September twenty-second this year, it
certainly felt like fall as soon as we entered September.  
The chill in the air reminds me of back to school time, even decades after graduating high school.  Even driving to a listing appointment this afternoon I noticed some early autumn leaves blowing around.  You may think fall is a slow time of year for Bristow real estate, but I’m here to tell you it is what I call our “second spring.”

Right now, we are going to look back at the last two months of summer in this Braemar Property Value Report.  Specifically, we’ll be focusing on what happened in the Courtyard homes in Braemar.   Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

During the months of July and August, there was only one Courtyard home in Braemar that sold.  Details of that sale are as follows:

When you take this sale and add to the running six and twelve data for Braemar Courtyard homes, the first thing you notice is that this sale is higher than the six month average and median sold prices.  That is great!  And with six month sold data being higher than the twelve month sold data, it means the value of Braemar Courtyard homes is pushing up.  You also notice in the six month values that marketing time is significantly reduced when compared to the twelve month values.  Another value that is down in the short term is seller subsidy (closing cost assistance to buyers.)  This is all great news for the Braemar Couryard home market.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in less than a week if demand holds up.  You could also expect that buyers may need, or want, a little bit of closing cost help.  As evidenced by the sale in August, you can build that seller subsidy in the sales price.

The next Braemar Property Value Report will be out in November.  Until then, if you want to know how current market conditions have affected your Braemar home’s value, give me at 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

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

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

Most days I wake up and pay no attention the weather report.  As I was getting ready to head to Wegman’s to put a few groceries, after placing a TOO LATE sign topper on a listing in Gainesville, I expected it to be sweltering.  I’m not really sure why.  I was pleasantly surprised to find it was in the low seventies on my thermostat.  Of course, with all the cloud cover Bristow has had lately, I’m not sure why I expected sweltering.  Maybe it’s because I’ve had my nose in the MLS looking at Braemar home sales during the months of March and April.

Today I am going to tell you about what’s happening with Braemar Courtyard home values.  Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

There were two Braemar Courtyard homes that sold between the beginning of March and end of April.  The high sold price was $415,000, just $5,000 over the other sale.  When you see the F/NE in basement, that means the basements were fully finished, but had no exit.  Amazingly, they were both under contract in only four days.  That’s unusual for Braemar Courtyard homes.

Both of these sold prices are at or above the six month and twelve month median and average figures.  That’s a good sign for Braemar Courtyard home values.  Even comparing the rolling six month average and median sold prices to the twelve month rolling values, we see that the more recent average and median figures are moving up from the yearly values.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in about a month’s time.  I know what you’re thinking.  I just told you these two most recent sales were under contract in four days.  Yeah.  I know.  But the six month average and median marketing times are probably more realiable for you to set your expectations.   You may also get away with not having to give any seller subsidy (closing cost assitance) to your buyer like these two sales as well, but you may get tapped for a little something like $2,600 or $3,000.

The next Braemar Property Value Report will be out in July and will detail sales from May and June.  Until then, when you are ready to  to sell, give me a call at 703-402-0037 for a free market analysis of  your Braemar home’s value.  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

Braemar Property Value Report: May-June 2016 (Courtyard Series)

Braemar Property Value Report:  May-June 2016 (Courtyard Series)

It is time for another Braemar Property Value Report focusing on the most recent sales activity for Courtyard homes in our neighborhood.  In particular, we will be looking back at the months of May and June.  Too many time when I run this report, I find no sales, but it seems our market has had a Arlington Model Courtyard Homedecent amount of activity recently.

Before we begin, let’s clarify exactly what defines a Braemar Courtyard home.   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 three Braemar Courtyard homes that sold in May and June.  Two Clarendon models and one Arlington.  The high sold price was $405,000 and the low sold price was $379,900.  The average of all three gives us our new average market value for Braemar Courtyard homes of $391,967.  That is a 1.5% increase in average market value since last report.  Unfortunately, because the same reporting period last year had no sales, there is no year to year comparison of value.

Braemar Property Value Report:  May-June 2016 (Courtyard Series)

If you placed your Braemar Courtyard 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 to pay an average of 1% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in September and will detail sales Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037from July and August. Until then, when you are ready to sell your Braemar home, give me a call for a free market analysis.  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 by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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.)

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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)