Braemar Townhouse Report: September-October 2017

Braemar Townhouse Report: September-October 2017

Can you believe tomorrow is the first day of December?  The more holiday decorations I see going up around me, the more I realize I am not ready for the season.  The year end real estate market in Braemar has been hopping.  That’s been keeping me occupied and probably will be until next July.  I just have that feeling.

This is the latest edition of the Braemar Townhouse Report, detailing sales of traditional townhouses in Braemar for the months of September and October.  Did you know there were twelve townhouses that sold during those two months?  The details of the sales are listed below:

When we take these sales and throw them into our rolling six and twelve month values, here is what we find:

The short term sold prices (six month) compared to the long term sold price (twelve month) show that Braemar townhouse values are continuing to push up in value.  Seller subsidy (closing cost help to buyers) is down slightly, but it is really more stable than anything when you see the short term compared to the long term.  And the marketing time could not be more stable.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in one to two weeks.  You could also expect to pay an average of $3,700 in closing cost help.

The next Braemar Townhouse Report will be out in the New Year.  Can’t wait that long to find out what the value of your Braemar townhouse may be worth?  Give me a call.  I’m working through the holidays…always.  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

 

 

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Braemar Piggyback Quarterly: July-September 2017 (3rd Quarter)

Braemar Piggyback Quarterly: July-September 2017 (3rd Quarter)

If I were to guess what a lot of Braemar home owners were doing this weekend, I would guess shopping.  The Black Friday weekend ushers in the shopping frenzy to Christmas.  While you may be focused on the fourth quarter activities, this Braemar Piggyback Quarterly report is going to take you back to the third quarter.

Before we begin, let me tell you what defines a Braemar Piggyback townhouse.  These are the townhouses with two car garages, attached at the sides and back.  They have no back yard, like traditional townhouses.

There were three Braemar Piggyback townhouses that sold between the beginning of July and end of September.  Those sales are detailed below.

When we take these sales and freshen up our rolling six and twelve month data points, we find that everything from sold prices, seller subsidy and marketing time are remaining stable.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in a little more than a month.  You also may not have to pay a dime in closing cost help to your buyer.

The next Piggyback Quarterly will be out in the new year.  Until then, when you are ready to sell your Braemar home, 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®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

 

 

Braemar Piggyback Quarterly:  April-June 2017 (2nd Quarter)

Braemar Piggyback Quarterly:  April-June 2017 (2nd Quarter)

Do you look forward to Friday?  If you have a Monday through Friday job, I bet you do.  Of course the kids enjoying their summer vacation (likely at the Braemar pools) are probably starting to lose track of what day of the week it is.  From the eyes of this Braemar Real Estate Agent, Fridays are not a day that is distinguishable from most.  Weekends are some of the busiest times a real estate agent encounters.  Of course this Friday, I’m plugging away at my Braemar market reports.  This one is the Braemar Piggyback Quarterly.

Before we get started, let’s clear up what we are talking about when we say piggyback.   Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  

Unfortunately, there were no sales of Braemar Piggyback townhouses in the second quarter.  That, however, does not mean I am not going to be able to give some updated value information.  This is the exact reason I started adding rolling six month and twelve month values.  So let’s see what the updated six month and twelve month values tell us.

The six month average and median sold prices (being the same value) are above the twelve month average and median sold prices.  That’s good news.  You want to see those shorter term numbers above the longer term numbers.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in about a month, maybe longer.  Right now there are two Braemar Piggyback townhouses for sale that have been on the market from  35 to 41 days.  There is yet another that went under contract in 35 days.  You may also be lucky enough to pay no closing cost help to the buyer.

The next Braemar Piggyback Quarterly will be out in October. Until then, if you want to know how pending sales or current market conditions are affecting your specific home’s value, 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

www.UncompromisingValues.com 

 

 

Braemar Townhouse Report: March-April 2017

Braemar Townhouse Report:  March-April 2017

After days of cloud cover and rain, I can honestly say that I would never last in the Pacific Northwest climate.  Sunshine is essential to my existence.  And I’m so happy to see the sun shining away in Bristow today.  Makes it very tempting to go outside and play hooky, but I’m not doing that.  Nope.  This Braemar Real Estate Agent knows that my fellow Braemar residents expect my market reports before the end of the month.  So here I am, putting out the last of May’s reports with the March-April edition of the Braemar Townhouse Report.

There were eleven Braemar townhouses that sold between the months of March and April.  The highest sold price was $358,500 and the lowest sold price was $250,000.  Throwing these eleven sales into our rolling six and twelve month averages gives us some good insight.

When looking at the more immediate market  (the six month values) and comparing it the longer term (the twelve month values) we see that Braemar townhouses are still going up in value.  Both the six month average and median sold prices are higher than the twelve month average and median sold prices.  It even looks as though the six month seller subsidy numbers are decreasing, but marketing time may be increasing.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in about ten to seventeen days.  You could also expect to give about $4,200 in seller subsidy.

The next Braemar Townhouse Report will be out in July.  At that point we’ll look back to sales from May and June.  Until then, when you are ready to sell your Braemar townhouse, give me a call at 703-402-0037 for a free market analysis.  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 Townhouse Report: November-December 2016

Braemar Townhouse Report:  November-December 2016

What a week it has been!  I feel like it’s May and I haven’t seen my husband or talked to Braemar Townhousemy friends in days.  That’s what happens when buyers and sellers come back out of hibernation.  Even though we still have some winter ahead of us, the activity I am seeing tells me that now is the time to capitalize on Braemar buyers who are out and about.  Right now, let’s go back to the last two months of 2016 for a look at the sales activity for Braemar townhouses in this edition of the Braemar Townhouse Report.

There were eight Braemar townhouses that sold between the beginning of November and end of December.  Their prices ranged from $275,000 to $335,000.  The average of all eight gives us our new average market value for Braemar townhouses of $310,475.  That’s over a 5.5% increase since last report and over a 12.5% increase in average value since last year.

Braemar Townhouse Report: November-December 2016

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of 24 days.  You could also expect to shell out an average of 2% of the sales price in closing cost help for your buyer.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Townhouse Report will be out in March and will focus on the first two months of 2017.  Until then, if you want to get the jump on the spring market, call me for a free market analysis of your specific Braemar home’s worth.  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 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.

Two Bedroom Braemar Townhouse SOLD!

Two Bedroom Braemar Townhouse SOLD!

On September 26th (2015) I had the pleasure of listing a completely 9850 Maitland Loop is currently Under Contractrenovated, two bedroom/two and a half bathroom, end unit townhouse in the Highland Village section of Braemar.  Located at 9850 Maitland Loop, it was very close to the Rob Roy pool and Clareybrook Park

Because the owner had the kitchen appliances replaced, granite counters installed, new HVAC, new fixtures throughout and new carpet and fresh paint, we priced it at $275,000.  At the time that was the top of the market.  Unfortunately, the market was a little slower than normal and after only a couple showings in the course of one month, the Seller decided to reduce the price to $265,000.  That reduction happened on November 1st and showings immediately picked up.

Kitchen--9850 Maitland

On November 14th, this townhouse went under contract.  It was a whirlwind to the December 4th settlement, but the sale closed on time for full list price of $265,000.   Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Prosperity Home Mortgage did a bang up job getting the loan closed so fast, in spite of recent industry changes.

When you are ready to sell your Braemar townhouse, call me for a free market analysis.  No One Knows Braemar Better!

Chris Ann ClelandAssociate Broker

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com

Braemar Townhouse Report: July-August 2015

Braemar Townhouse Report:  July-August 2015

Only a couple days left in September.  Hard to believe that we are about a month from Halloween.   Summer seems to go by so quick, but I’m always happy to welcome fall. 9850 Maitland Loop is currently listing for $275,000 From a real estate perspective, it is like our second spring market.  The fact that the Federal government’s fiscal year starts October 1st, creates demand near the end of the year in our housing market.  New jobs may be created in the budget, or buyers get the bump up they need to be able to make a first time purchase.  Whatever it is, I’m sure it will work well for my latest Braemar townhosue listing on Maitland Loop.  For now, let’s take a look back at the last two months of summer and see what happened in the Braemar townhouse market.

There were fifteen Braemar townhouses that sold in July and August.  Their sold prices ranged from $250,000 to $330,000.  The average of all of them gives us our new average market value for Braemar townhouses–$$292,800.  That is a decrease of 1.5% in average market value since last report, but a 1% increase in average market value since last year.

Braemar Townhouse Report:  July-August 2015

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of twenty-three days.  You could also expect a buyer to ask for an average of slightly more than 1.5% of the sales price in closing cost help.

The next Braemar Townhouse Report will be out in late November and will detail sales from September and October. In the meantime, when you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value.  No One Knows Braemar Better!

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Please feel free to join my neighborhood Facebook group, BRAEMAR (Bristow,VA.)  I started the group to have an easy access point for these online Braemar Property Value Reports.  However, neighborhood conversation is welcome there.  When neighbors talk, good things happen.  My favorite being reuniting lost pets with their owners. 

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.)