Another Single Family Home in Braemar SOLD!

Another Single Family Home in Braemar SOLD!

The 2019 Bristow real estate market has definitely been favoring sellers.  Since the beginning of the year, our market has not enough homes to meet demand.  Usually, demand wanes as we enter summer.  That’s because most folks are focused on summer vacation once the kids get out of school.  Not so this year.

When I first met with the seller of 12171 Hopper Lane, I really was worried about their idea of ideal timing.  The wanted to list in July.  As I said, that tends to be the vacation zone.  They were able to get their ducks in a row and target a mid-June list date.  The property was perfectly prepped for market.  New, neutral paint throughout, brand new carpet installed and staging done to show the home in its absolute best light. Continue reading

Braemar Property Value Report: November-December 2018 (Ryan Homes)

Braemar Property Value Report: November-December 2018 (Ryan Homes)

There is no more appropriate picture for the Ryan Homes edition of the Braemar Property Value Report being published today than the one above.  That was an Oberlin model that I sold as a Short Sale a few years ago.  As a Top Braemar Real Estate Agent, I get plenty of gorgeous weather shots of homes, but not too many in the snow.  That’s because not many folks list for sale in the winter months.

You may be surprised how much demand we actually have during the winter in Braemar.  This report alone covers the months of November and December, which most think are dead zones are in real estate.  Yet, there were four sales of homes built by Ryan Homes in our neighborhood in the last two months of 2018.  The details of those sales are listed below:

First thing you may notice are the outliers at either end of the sold price spectrum:  $440,000 and $615,000.  Fortunately, the method of taking these four sales and compiling them with the entire past year’s worth of Ryan home sales, we get a more stable picture of what is happening with values by separating out six and twelve month data points.

Stability leaps off the table in the sold price column.  The six month average sold price is only $133 below the twelve month average sold price.  Meanwhile the six and twelve month median sold prices are exactly the same.  Really, Ryan homes have not gained, or lost any ground.

Seller subsidy (closing cost assistance) seems to have decent trend happening when we look at the six month average falling below the twelve month average.   Yet the six month median seller subsidy is the same as the twelve month median seller subsidy.  Of course looking at two of the most recent sales above, they fall above both of the average and median seller subsidy   Probably best to call this one stable for now.

Days on market is a category that is going to be tricky for a while.  In November, our region switched to a new MLS system which counts days on market differently.  So until we have a full year’s worth of data in the new MLS, which would be this same time next year, we can’t conclusively say what’s what.  However, glancing at the six month average and median values compared to the twelve month average and median values, I’m not seeing the increase in marketing time that I expected with the new MLS.

If you placed your Ryan home on the market, priced to current conditions, you could expect it to be under contract and potentially well on its way to settlement within two months.  You could also expect to pay at least half of one percent of the sales price in closing cost help.

The next Braemar Property Value Report will be out in late March.  If you would like to receive the full, letter size, Ryan Homes Braemar Property Value Report by email, send me an email at ChrisAnn@LNF.com.   Of course, if the time comes when selling is in your future, call me for a free market analysis.  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

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2017 (Ryan Homes)

Braemar Property Value Report: July-August 2017 (Ryan Homes)

This is my favorite time of year.  There is something special about the fall season.  The changing foliage, the chill in the air and even the smells associated with falls.  Seeing pumpkins yesterday at Wegman’s made me smile.  It will be time to hand out my Braemar trick-or-treat Bags soon, but not yet.  I’ve still got Braemar Property Value Report to do.  Today it is time for the Braemar Property Value Report focusing on sales of Ryan Homes between July and August.

There were three Ryan Homes that sold in the last two months of summer.  The details are listed below:

Adding these most recent sales in with our rolling six and twelve month values we find that the six month average and median values are much higher than the twelve month average and median values.  This is great news.  That means values are moving up.   Marketing time is going down from the long term to the short term, which is also good news.  However, seller subsidy (closing cost help) is on the rise in the short term.

If you placed your Braemar Ryan Home on the market, priced to current conditions, you could expect it to be under contract in less than two weeks.  You could also expect to lay out about $5,500 in closing cost assistance.

The next Braemar Property Value Report will be out in November.  Until then, if you want to know how these most recent sales are affecting the value of your Braemar home, call me 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 Four Bedroom Home SOLD!

Another Braemar Four Bedroom Home SOLD!

Selling Braemar homes is my favorite thing to do in my career.  Helping my neighbors get top dollar for their homes is a great feeling.  While I do sell in the larger area of Bristow and Gainesville, my involvement in my sub-association and the shorter stint on our larger HOA gave me knowledge of our community that I could not have otherwise received.

13625 Chapeltown Mews in Braemar

In late March I was contacted by home sellers on Chapeltown Mews that knew they would be relocating over the summer.  They wanted to make sure they consulted with a listing agent to prep their home for the market and have an idea of what they could reasonably expect to get for their home.  During our consultation, we signed our listing paperwork, but delayed the marketing date to May 16th.  Very few sellers ever choose to list immediately.  When we do our paperwork, we usually pull out a calendar and find a date that works to hit the MLS, giving the sellers enough time to complete any projects or prep.

Kitchen--13625 Chapeltown

We hit the market on May 16th and my sellers started getting calls to show the home.  That’s always a good sign.  Within four days, we sat down to review three offers that had come in.  That’s right, my sellers had multiple offers in four days.  That is how a seller is rewarded when they do the listing preparation to show their home in the best possible condition.

Morning Room--13625 Chapeltown

May 20th my sellers were under contract.  After a small list of home inspection repairs, an uneventful appraisal and termite inspection, there was nothing left to do but wait for settlement day.  That happened on July 8th (2016.)  Their home at 13625 Chapeltown Mews sold for full list price of $479,000 with no closing cost help to the buyers.  They signed their paperwork and hit the road for the trip to their next home state.

When you are ready to sell your Braemar home, hiring an agent that knows how to market Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037the neighborhood, and your home within it, is of the utmost importance.  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