Braemar Property Value Report: May-June 2022 (Ryan Homes)

Braemar Property Value Report: May-June 2022 (Ryan Homes)

The last of the Braemar Property Value Reports for single family home sales in May and June is coming to you now. This one in particular focuses on the houses built by Ryan Homes in our community. Let’s get right to it.

There were three Ryan Homes that sold between the beginning of May and end of June. Details of those sales are found below.

A quick look tells me these are all healthy sales happening in a seller’s market. They all sold above their list price, none gave any seller subsidy (closing cost help to the buyer) and they all went under contract in single digit days. Combining these sales with all the Ryan Home sales in Braemar going back to July 2021, the twelve months worth of data is pulled out into six and twelve month data points.

Starting with the sold price column, both the six month average and six month median sold prices are higher than their respective twelve month values. Compared to last report, these lifts that are seen in the six month values above their twelve month counterparts are improved. The six month average sold price has doubled the lift above the twelve month value. The six month median sold price is now above the twelve month median, which wasn’t the case last report. Yes, our market is still a seller’s market. The feeding frenzy resulting in a pile of offers with buyers waiving every conceivable contingency may be gone, but there are still more buyers than there are properties for them to buy. Buyers are just acting more deliberately.

Seller subsidy is now at zero in the six month average. However, the twelve month average has increased by by just under one hundred dollars. Clearly, a Ryan Home seller in the November/December time frame that gave seller subsidy has moved off the six month time frame and is now being counted in the twelve month time frame. In that twelve month time frame there were twenty-four Ryan Home sellers in Braemar. Only two of them gave seller subsidy. None gave any in the six month time frame.

Days on market has gone to a faster pace by one day in both the average and median. Last report, both six month values were a little longer. Even then, nothing to be concerned about. Marketing time is also showing us the continuation of the seller’s market in Braemar, despite rising mortgage interest rates.

If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect to be under contract in a week, maybe two. July and August are times when the market does take a breath. Sellers think it is a great time to list when school is out and flock to market. Buyers are worn out from the house hunt and decide it is a great time to slow down, take vacations and have some fun in the sun. It is a typical seasonal disconnect. And as discussed above, you could expect to give nothing in seller subsidy. You could expect to see one, maybe two offers if you are lucky. And in the market now, buyers are not waiving contingencies. We are seeing more typical offers than the frenzy of the last couple years produced.

The next Braemar Property Value Report will be out in September. Until then, if you want to investigate the potential sale of your Braemar home before the end of the year, get in touch for your complementary consultation. My pride and joy is getting my Braemar sellers top of the market through proper listing preparation, professional marketing and skilled negotiation. Take a look at the presentation of my latest listing at 12607 Cessford. 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
www.ChrisAnnCleland.com

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

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

Summer is flying by, just like it seems to every year.  The good news is that in the flurry of activity, the Braemar real estate market is bustling right along as well.  In this Canterbury Model in Braemaredition of the Braemar Property Value Report , we will take a look back at the sales for May and June of Arista Series homes in our neighborhood.  Arista Series homes are the large single family homes built by Brookfield Homes.  The floor plans are:  Allister, Buckingham and Canterbury.

There were two Canterbury models that sold.  Oddly enough, they both sold on the exact same day–May 12th.  The high sold price was $570,000 on a Canterbury that included a loft.  The low sold price was $540,000 was a Canterbury without the loft.  The average of both sales gives us our new average market value for Arista Series homes of $555,000  That is over a 6% since last report.  Unfortunately, there were no sales of Arista Series homes in the same reporting period last year, so we have no year to year comparison.

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

If you placed your Arista home on the market priced to current conditions, you could expect it to be under contract in an average of just under one month.  You could also expect to pay an average of 1% of the sales price in closing cost assistance to the buyer.

The next Braemar Property Value Report will be out in September and will focus on 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.  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 MRIS (Metropolitan Regional Information Systems.) 

Braemar Property Value Report: November-December 2015 (NV Homes)

Braemar Property Value Report:  November-December 2015 (NV Homes)

What a difference one single day can make.  I’m referring, of course, to the near fifty degree temperatures we enjoyed in Bristow today that provided a lot of melting for the Brandenburg Model by NV Homessnow accumulation left by Jonas.  There is grass, mulch and asphalt under that snow and we saw that today.  Hooray.  In my giddiness about the melting snow, I nearly forgot to post this Braemar Property Value Report regarding the last two months of 2015 sales for NV Homes in our neighborhood.  Simply put, NV Homes are the single family homes built by NV Homes in Braemar.

There were three NV Homes that sold in November and December.  The low sold price was $380,000 (that’s not a typo) and the high sold price was $555,000.  The average of all three gives us our new average market value of NV Homes in Braemar of $491,333.  Unfortunately, we have nothing to compare that average with.  There were no sales of NV Homes last report or last year.

Braemar Property Value Report:  November-December 2015 (NV Homes)

If you placed your NV Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in an average of fifty days.  You could also expect to pay an average of nearly 1% of the sales price in buyer closing cost assistance.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Property Value Report will be out in late March and will detail sales from January and February.  In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home’s specific value.   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.)