Braemar Property Value Report: September-October 2019 (Ryan Homes)

Braemar Property Value Report: September-October 2019 (Ryan Homes)

On this Thanksgiving Eve it is my pleasure to present another Braemar Property Value Report.  This particular report covers the sales of homes built by Ryan Homes in Braemar during the months of September and October.

There were two Ryan Homes that sold.  Sold prices were substantially different at $475,000 and $512,000.  The details of both of those sales are below:

Combining these two sales with the entire past twelve months of Ryan Home sales in Braemar, our six and twelve month data points are updated to reveal the following:

Looking first at the sold price column, it is great to see both the six month average and six month median sold price above their respective twelve month values.  This means the values of Ryan Homes in Braemar are still pushing up.

When it comes to seller subsidy, which you may know as closing cost help to buyers, we see a trend that doesn’t favor sellers.  Both the six month average and six month median seller subsidy figures are higher than their respective twelve month values.  This means buyers have been requesting, and receiving, more closing cost help in the more recent deals.  This could be an early indication of a shift from a seller’s market coming our way.  Seller subsidy tends to decrease in seller favored markets.

Finally, the days on market column reveals not much of a change in marketing times from the six month average value from the twelve month average.  And there could not be more evidence of stability in marketing time than seeing that the six month median and twelve month median marketing times are identical.

If you placed your Ryan Home on the market, priced to current conditions, you could expect it to be under contract in under three weeks.  You could also expect to pay about 1% of the sales price or so, in closing cost help.

The next Braemar Property Value Report will be out in January.  I hope you will enjoy your holidays in the meantime.  Of course, if the need arises to sell your Braemar home before you next hear from me with another of these reports, please don’t hesitate to get in touch.  I work every month of the year getting top dollar for my Braemar sellers.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: September-October 2019 (NV Homes)

Braemar Property Value Report: September-October 2019 (NV Homes)

As soon as I finish typing up this most recent Braemar Property Value Report, I am heading to the grocery store.  There is nothing more stress inducing this time of year than having to grocery shop on Wednesday, or even Tuesday, before Thanksgiving.  One of the joys of being a Braemar Real Estate Agent is that I can do my chores during regular business hours while the nine to five world is working.

In this edition of the Braemar Property Value Report, I focus on sales of homes built by NV Homes in our neighborhood during the months of September and October.  During that time, there were two NV Homes that sold.  The details of those sales are listed below:

Taking these two sales and combining them the entire last twelve months of NV Home sales in our neighborhood, our six and twelve month data points are updated. These are the data points that give us indications as to where our market is heading.  Our updated data points are pictured below:

Looking first at the sold price column, we see that both the six month average and six month median sold prices are below their respective twelve month values.  This is not a good sign, and if it is continues in the next report, could indicate the softening of values of the larger single family homes in Braemar.  Given the other data points, it may just be a fluke this report.  Allow me to continue.

Seller subsidy, also known as closing cost help to buyers, shows a trend indicating competitive demand.  Both the six month average and six month median seller subsidy value are less than their respective twelve month values.  This means buyers have been asking for less closing cost help, which is is generally an indication of a healthy, seller favored market.

Days on market is another column that shows stability to seller favored conditions.  The six month median marketing time is exactly the same as the twelve month median marketing time.  Meanwhile, the six month average marketing time has shortened by three days from the twelve month average marketing time.  NV Homes aren’t taking any longer to sell, and may in fact, be selling a tad faster.

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in less than three weeks.  You could also expect to pay about 1.5% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in January.  Until then, I wish you every happiness this holiday season.  Of course, if the need arises to sell your Braemar home before our next report, don’t hesitate to call, text or email me.  I sell Braemar homes for top dollar no matter the season!  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: September-October 2019 (Heritage Series)

Braemar Property Value Report: September-October 2019 (Heritage Series)

As we near the Thanksgiving holiday, you can feel the excitement in the air.  Preparations and plans are being made for celebrations with family and friends.  Some may think that not much would be happening in the world of local real estate.  I am here to tell you that there is plenty happening in real estate.  In the last three days I got two properties under contract.  That’s what a professional, full-time agent does…they sell real estate no matter the season.  And yes, even though this is a lazy Saturday afternoon for many, I am happy to be typing up this Braemar Property Value Report.

This particular report focuses on sales in the Heritage Series.  Heritage Series homes are mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.  The homes built by Coscan in Braemar North Gate are also included in this group, as they are similar in size.

There were nine Heritage homes that sold in Braemar during our current reporting period of September and October.  Final sold prices ranged from $432,600 to $550,000.  The details of those sales are listed below:

Taking these nine sales and combining them with the entirety of the previous twelve months of Heritage home sales, we get updated six and twelve month data points that give us a snapshot of the health of our Braemar Heritage home market.  Those updated values are below:

Starting with the sold price column, we see that both the six month average and six month median sold prices are above their respective twelve month values.  This means that values for Braemar Heritage homes are still pushing up.

Seller subsidy, also known as closing cost help to buyers, has remained at zero in both the six and twelve month median values.  That means in both sets of sales data, more than half the sales have NOT given closing cost help.  However, the six month average has risen when compared to the twelve month average.  When buyers are asking for closing cost help, it seems that it is more in the recent sales.

When it comes to days on market, there has been no change at all in the six month median and average compared to the twelve month median and average.  It is taking about the same amount of time it did a year ago to sell a Braemar Heritage home.

If you placed your Braemar Heritage 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 the odds to favor  you that you land a buyer that does not request closing cost help.

The next Braemar Property Value Report will be out in January.  Until, I wish you all the best this holiday season.  Of course, if the need arises for you to sell your Braemar home before next year, don’t hesitate to call me.   I sell Braemar real estate every month of the year for top dollar.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: September-October 2019 (Arista Series)

Braemar Property Value Report: September-October 2019 (Arista Series)

There is no doubt that winter arrived early in Bristow.  Snow flurries and freezing temps are here. Brrrr.  I hope you have all winterized your hose bibs.  If not, definitely make it a priority.

For now, my priority is bringing you this Braemar Property Value Report, detailing sales of homes in the Arista Series. Those are the largest series of homes in Braemar built by Brookfield Homes.  The floor plans include the Allister, Buckingham and Canterbury.  The most popular of these floor plans in Braemar is by far and away the Canterbury.

During the current reporting period of September and October, there was only one Arista home that sold.  The details are listed below:

Even though there is only one sale, that doesn’t mean we can’t get an idea of value and other trends in the market.  This report gives values in increments of six and twelve months based on the entirety of sales for the last twelve months.  Those data points this report are listed below:

Looking first at sold price, it is outstanding to see that the sale of 9946 Broadsword sold for higher than our reported six month average and six month median sold prices.  Furthermore, just the six month sold prices compared to their twelve month counterparts shows that the Arista home sales in the more recent past are higher.  This means values are still pushing up.

Seller subsidy, unfortunately, is always pushing up in the six month values compared the twelve month values.  Seller subsidy is closing cost help that sellers give buyers from their net proceeds at closing.  This number moving up is not a shock given my first hand experience in the market place.  Buyers have been asking for, and receiving, more closing cost help lately.  If demand in our market wanes, this trend will continue.  If demand increases, we could once again see seller subsidy decrease.

Days on market does show a positive trend.  Both the six month average and six month median marketing times are below their respective twelve month values.  This means that Arista homes in Braemar are selling in a shorter amount of time by a week or a so in the more recent sales.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect your home to be under contract in a little more than a month. You could also expect to pay 1% to 1.5% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in January. Until then, there are still buyers out looking to be “home for the holidays.”  If a need to move has arisen in your household, don’t hesitate to find out why waiting for spring may not be the only answer.  I am here to help you any time of the year.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2019 (Ryan Homes)

Braemar Property Value Report: July-August 2019 (Ryan Homes)

Another gorgeous fall day is upon us and I couldn’t be happier.  Today is property photo shoot day for a remodeled townhouse listing I have coming up.  And hopefully, tomorrow will be just as lovely for photos of an upcoming Braemar Piggyback townhouse that will also be hitting the market at the end of the week.

Before I head out for the days work errands, I figured I had time to get this Braemar Property Value Report out to you.  This particular report focuses on sales of single family homes built by Ryan Homes between July and August.  Let’s get right to it.

There were four Ryan Homes in Braemar that sold in our current reporting period.  I am so happy to have had one of those sales with sellers that listened to every bit of listing prep and reaped the rewards.  That sale highlighted below in pink.  For an older home with no exit in the basement, they got a great price and before they ever hit the market.  Here’s a list of all the Ryan Home sales during July and August.

Taking these four sales and combining them with the previous twelve months of Ryan Home sales, we get updated six and twelve month data points.  They are listed below:

Starting with the sold price category, we see that the six month average sold price is much higher than the twelve month average sold price.  When it comes to comparing the six month median to the twelve month median sold price, we still see an increase in value in the short term, but not as drastic as the average.  Either way, Ryan Homes are still increasing in value.

Unfortunately, another place where we see an increase is in seller subsidy, also known as closing cost help to buyers.  The six month average is a bit higher than the twelve month average seller subsidy.  However, the six month median seller subsidy is substantially higher than the twelve month median.  Buyers are requesting, and receiving more closing cost help in more recent sales.  My sellers at Hopper Lane were very fortunate to only have to give $200 as a repair credit.

Marketing time shows a trend sellers will love.  Both the six month average and median marketing times are below their respective twelve month counterparts.  This means Ryan Homes in Braemar are selling faster than they have been.

The next Braemar Property Value Report will be out in November.  Until then, if you fear you may have missed the top of the market this past spring with all the talk of recession, give me a call and let’s talk about what’s happening in our Braemar real estate market.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: July-August 2019 (NV Homes)

Braemar Property Value Report: July-August 2019 (NV Homes)

This fall weather feels delightful.  Soon, we’ll see the brilliant oranges, reds and yellows as the leaves turn.  In the meantime, I have another Braemar Property Value Report to share with Braemar home owners.  This one focuses on homes built by NV Homes in our neighborhood and covers sales from the previous two months.

There were two NV Homes that sold between the beginning of July and end of August.  The details of those sales are listed below.

Taking these two sales and combining them with the entire last twelve months of NV Homes sales we get updated six and twelve month data points.  These will give an idea of trends in our NV Homes values.

Starting with the sold price values, we see that both the six month average and median sold prices are above their twelve month average and median counterparts.  It’s only by about $3,000 in each category, but an increase nonetheless.  This means NV Home values in Braemar are still inching up.

Seller subsidy, also known as closing cost assistance from sellers to buyers, does not reveal a good trend for would be NV Home sellers in Braemar.  Both the six month average and median seller subsidy values have increased from their twelve month respective values.  This means that buyers of NV Homes have been asking for, and receiving, higher amounts of closing cost help in the more recent sales.

Days on market, or marketing time as I like to call it, does have a slightly encouraging trend that favors sellers.  The six month average and median marketing times are both below the twelve month average and median marketing times.  Buyer demand and lack of inventory is lending itself to much quicker marketing times.

If you placed your NV Home on the market, priced to current values, you could expect to be under contract in about two weeks.  You could also expect to pay about 2% of the sales price in seller subsidy.

The next Braemar Property Value Report will be out in November.  Until then, if you worry that you may have missed the action of this spring’s and summer’s market, give me a call and I’ll share the surprises found in the year end market.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Property Value Report: July-August 2019 (Heritage Series)

Braemar Property Value Report: July-August 2019 (Heritage Series)

What’s not to love about a gorgeous fall afternoon?  At least I got to enjoy a bit of it before landing at my desk and typing up the latest Braemar Property Value Report.  This report focuses on the sales activity from July to August in the Heritage Series.  Heritage Series homes are mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.  The homes built by Coscan in Braemar North Gate are also included in this group, as they are similar in size.

There were two Braemar Heritage homes on that sold in the last two months.  Those sales are detailed below:

While most of my business is listing homes, there is about 25% of that comes from representing buyers.  The reason the sale on Noltland Castle is highlighted in blue is that I represented the buyer on that sale.  Listings that I sell that end up in this report are highlighted in pink.  I was delighted to get such a great deal on Noltland Castle for my buyers.  I had just sold a Waverly on Naughton Court for $536,000, which was better in the kitchen, but less in that it had one less full bathroom and it did not have an exit from the basement.  So if you ask me, my buyers got a great deal.  It certainly pays to have me on the listing side.

Taking these two sales and putting them with the last twelve months of Braemar Heritage home sales, we get updated six and twelve month data points.  Here’s what they are right now:

Looking first at sold prices, we see both the six month average and median sold prices are above their respective twelve month sold prices.  This means values of Heritage homes in Braemar is still inching up.  For how much longer?  I wish I had that crystal ball, but agents in the market can feel a shift coming.

Seller subsidy (a.k.a. closing cost help to buyers) is unchanged in the six month median compared to the twelve month median at zero.  Meanwhile, the six month average seller subsidy fell 10% below the twelve month average seller subsidy.  Buyers have been requesting less closing cost help to get under contract in the seller’s market we have been experiencing.

Days on market, or marketing time as I like to call it, shows a decrease in the six month values compared to their twelve month counterparts.  This means that Braemar Heritage homes have been selling even faster.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in about a week.  You could also expect to pay an average of about 1/2% of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in November.  Until then, if you are concerned about the talk you are hearing of impending recession, but were thinking of selling, call me to find out why the fall market is strong choice.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com