Braemar Property Value Report:  May-June 2017 (NV Homes)

Braemar Property Value Report:  May-June 2017 (NV Homes)

The weather the last few days in Bristow, VA has felt sweltering.  High temps.  High humidity.  It makes being outside during the mid-afternoon unpleasant.  These are the dog days of summer and great days to spend at the Braemar community pools.  Of course, I’m still plugging away at my Braemar Property Value Reports.  Three more left to churn out and this NV Homes update in one of them, so let’s get to it.

Between the months of May and June there were four NV Homes in Braemar that sold.   The details of those sales follow:

When we combine the sold prices with our rolling six and twelve month data, what we find in terms of value is good news. Both the six month average and median sold prices are above their twelve month counterparts.  This means values are still pushing up.

Unfortunately, it also appears that seller subsidy (closing cost assistance to buyers) is rising too, but the big number that is going to be throwing off the average here is that $23,000 seller subsidy given on the sale of 10039 Three Sisters.  You’ll also notice that the sold price on that home is much higher than the list price.  Well, in talking with the Listing Agent of that property, when the appraisal came in much higher than the agreed sales price, the buyer’s lender suggested something out of left field–raising the sales price and the seller subsidy.  Truly a strange move and one that is going to throw off NV Homes closing cost assistance averages for the next year.  So for now, let’s rely on the median.  Marketing time seems slightly faster in the six month figures compared to the twelve month values.

If you placed your NV Home on the market, priced to current conditions, you could expect to give about $7,000 in closing cost help.  You could also expect to be under contract in about four to five weeks time.

The next Braemar Property Value Report will be out in late September.  Until then, if you
want to know how these most recent sales are affecting 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

www.UncompromisingValues.com 

Braemar Property Value Report: September-October 2016 (Courtyard Series)

Braemar Property Value Report:  September-October 2016 (Courtyard Series)

Leaving my Braemar home today it was a perfectly temperate afternoon.  Temps were in the low seventies.  By the time I got this evening, it was in the mid-forties.  That’s quite a temperature swing when you aren’t prepared.  A short sleeve t-shirt and lightweight jean jacket weren’t cutting it.

Courtyard home in Braemar, Bristow, VANow that I’m nice and toasty in my home office, I can give you the latest market information for Braemar Courtyard Series homes.  If you aren’t familiar, with Braemar’s different home styles, Courtyard homes are one of three different floor plans that share a private courtyard driveway and have very limited outdoor spaces.  Models include the Arlington, Clarendon and Ballston.

There were three Braemar Courtyard homes that sold between September and October.  Two were Ballston models and one was an Arlington.  The sold prices ranged from $371,500 to $399,990.  The average of all three gives us our new average market value for Braemar Courtyard homes of $388,497.  That’s less than a 1/2% decrease since last report and hardly a difference at all since last year.   That is stability in Braemar Courtyard home prices.

Braemar Property Value Report:  September-October 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 forty-five days.  You could also expect to give an average of 1.5% of the sales price in closing cost assistance for the buyer.

The next Braemar Property Value Report will be out in January and will detail sales from November and December. Until then, when you are ready to sell your Braemar home, give me a call for a free market analysis.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

Five Bedroom Braemar Home: Under Contract in Two Days!

Five Bedroom Braemar Home:  Under Contract in Two Days!

9713 Lennice Way listed for $580,000 on March 18, 2016 and went under contract 2 days later.

The time between when a seller signs a listing agreement with me to sell their Braemar home and when their home hits the market can be as short as forty-eight hours, or as long as two to three months.  It all depends on when the seller is ready for buyers to tour their property.  It is stressed to my sellers that you never get a second chance to make a first impression.  And the sellers that get the best results really take that Kitchen --9713 Lennicesentiment to heart.  No amount of marketing on my end can get super fast results, or high contract prices, on a home that shows poorly in comparison to other listings.

On February 11th, I met with the seller of 9713 Lennice Way and in a whirlwind, we completed a listing agreement and I gave the seller my listing preparation notes.  Even though the seller was anxious to get the home on the market, it was not going to be at the expense of getting a great deal.  That meant doing the work to get the home ready.  Contractors came in to paint and carpet, Living Room--9713 Lenniceseal the driveway, power wash the deck, and the tasks of decluttering and staging were the grand finale.

While my sellers are in the process of getting their Braemar homes ready for market, I often receive calls from area agents inquiring what I might have coming up on the market that would work for their buyers.  This was one of those homes that not only got that call, but got an offer from a buyer previewing.  Unfortunately, it wasn’t enough to impress the seller.  So on the market it went, five days later, on March 18th at it’s list price of $580,000.

The very first showing resulted in a much higher offer.  And after one day of negotiations, this five bedroom beauty in Braemar was under contract.  After all, it only takes one buyer to make a deal with a seller.

Chris Ann Cleland, Bristow Real Estate Agent, 703-402-0037Want the same kind of results when you are ready to sell your Braemar home?  Give me a call.  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