Braemar Property Value Report: November-December 2021 (Ryan Homes)

Braemar Property Value Report: November-December 2021 (Ryan Homes)

The picture above felt all too appropriate for this edition of the Braemar Property Value Report. Though we are here and now in 2022, this particular installment looks back to the last two months of 2021 for the most recent sales activity for Braemar houses built by Ryan Homes. After that, a brief look at the six and twelve month data points will tell us how Ryan homes in Braemar are trending. I still remember selling that Ryan Home in eight days in a much different market.

There were two sales of Ryan homes in Braemar in November and December. The details of each are listed below:

Neither of these sales is overly impressive. Then again, one was essentially an owner representing himself, but paying for MLS (multiple listing service) placement and the other was a home with amateur marketing. The Ballagan home was the limited service agent/owner self-representation. He sold $20,000 below list price, gave $10,000 in closing cost help and it took him nearly a month to do it. Not good, nor indicative of what our fourth quarter market had to offer. The other sold $100 above list price, but gave $15,000 in closing cost help. (gulp) I have done several Braemar Property Value Reports for this same time period. These are the only two single family homes to give seller subsidy in the last two months of November. Professional marketing agents are worth what they charge for what they bring to the table. Say a seller paid 1% more for an agent that did professional marketing on the second home, they would likely have still saved that $15,000 in closing cost help request. A net win! The description of the home tells the tale of a cul-de sac home with roof and appliances only three years old. Sellers get the marketing and representation they pay for. Who knows how good a deal the first home could have had with an agent negotiating on their behalf? No seller subsidy and probably closer to list price. Both more than worth it. Buyer enthusiasm doesn’t exist for no reason. You need to create it.

Taking all the sales from 2021 and parsing out the six and twelve month data points I follow in this report, here is what we get:

Starting with the sold price column, the good news for Ryan home owners is that values are still rising, in spite of the most recent sales. Look for the rate of increase to slow in 2022, as myself and other are predicting the 2022 growth will be very modest.

Seller subsidy values, despite the very large amounts given in the recent sales, on average are still very low. Obviously, the six month average is elevated from the twelve month average because of the two sales from November and December. However, the fact that the six and twelve month median values are at zero tell us that more than half of Ryan home sellers in both time frames gave nothing in closing cost help. Hire the best negotiators and get the best results.

Days on market, again…despite the two most recent sales, is still very fast when it comes to average and median values. Hire professional marketing agents and your home will sell quickly.

If you placed your Ryan home in Braemar on the market, priced to current conditions, you could reasonably expect it to be under contract in a week. You could expect to give nothing in closing cost help. However, buyers have been coming back with the typical contingencies in their offers since the second half of 2021. Those are financing, appraisal and home inspection.

The next Braemar Property Value Report will be out in March. Until then, if 2022 is the year you think you may want to sell, now is the time to start talking to your real estate professional. Give me a shout. My unparalleled neighborhood knowledge (and pride,) combined with my professional marketing make my Braemar sellers very happy. 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: November-December 2021 (Arista Series)

Braemar Property Value Report: November-December 2021 (Arista Series)

Happy New Year and welcome to the most recent edition of the Braemar Property Value Report (BPVR) for Arista homes in our neighborhood. I simply could not resist putting up a photo taken of our own Allister after one of a few storms during snowmaggedon of 2009-2010. The snow in the wee hours of Monday morning certainly did catch a lot of folks off base. Thankfully, at least in Braemar, there seem to be only some downed trees to contend with and some hastily plowed streets.

In this edition of the BPVR the focus is on the last two months of sales activity for the largest homes built by Brookfield Homes in our neighborhood. Those are the Arista Series homes and include the following floor plans: Allister, Buckingham and Canterbury. Unfortunately, there were no sales to report in the last two months of 2021, but with updated six and twelve month data points looking back at all the sales from 2021, we do get to see how the year for Arista home values in Braemar ended.

Looking first at the sold price column, the best news is that both six month values are higher than their respective twelve month values. This means Braemar Arista homes ended the year still gaining value. Granted, the rate of increase slowed since last report, but not by too much. Growth rate decreased by 0.4% on average and 0.6% median. Predicitons for 2022 are that homes will continue to rise in value, but by about 3% for the whole year.

Seller subsidy is where we learn how much closing cost help Arista home buyers were able to negotiate from their sellers. The six month average seller subsidy has increased compared to the twelve month average, which means there have been some seller subsidy requests increasing that. However, with both the twelve month average and median being at zero, we know that more than half of Arista home sellers in both time frames gave nothing in closing cost help.

Days on market ticked up in both six month values compared to their respective twelve month values. The latter half of 2021 did see some momentum shift, but the advantage in the market is still with sellers.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect it to be under contract in two weeks or less. You could also expect a better than fifty percent shot at not having to give any seller subsidy. You should also be prepared for buyers to have home inspection contingencies. The buyer frenzy has chilled to a point where these are back in the norm.

The next Braemar Property Value Report will be out in March. Until then, if 2022 is the year a move may be in your future, it is never too early to consult with a listing agent. My Braemar sellers reap the benefits of my listing preparation advice, professional marketing, advanced negotiation skills and unparalleled neighborhood knowledge. No matter the market, it is import to create buyer enthusiasm and keep it throughout the transaction if you are going to get the maximum amount from the sale of your largest asset. Give in touch to set up your free, no obligation consultation. 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 Reflection Quarterly: October-December 2021 (4th Quarter)

Reflection Series Home

Braemar Reflection Quarterly: October-December 2021 (4th Quarter)

The first Monday of 2022 means it is time for the Monday-Friday employees among us to get back to work, though for many it will be virtual thanks to Mother Nature’s gift of snow. It won’t surprise many of you to know that, as a Top Braemar Real Estate Agent, I worked putting together quarterly market reports all weekend. Real estate is a self-motivated career. As independent contractors, we each have the ability to do as much, or as little as we want to keep our businesses going. I choose to go above and beyond the typical norm in our area and inform my fellow Braemarians of property values regularly.

Today I bring you the fourth quarter report for Reflection Series homes in our neighborhood. Reflection Homes in Braemar are located off of Tarvie Circle. They are the semi-attached/semi-detached homes that are attached to one neighborhoring property at the rear load garage.

Because Reflection homes make up a very small number of homes in the overall Braemar community, home sales are not as common as they are in other types of homes. This report has been done quarterly in hopes that is the appropriate interval to notice changes. I will be paying attention in 2022 and may adjust this report to be the only semi-annual if need be. For now, we’ll end the year the way we went through it, with a quarterly report.

There were no Reflection homes that sold in the last three months of 2021. That means the six and twelve month data points relied on in this installment were made up of only the other remaining sales from 2021. Both were in the last six months, making six and twelve month values the same.

This market report then is relying on my experience in preparing the other market reports and my extensive knowledge in working with two dozen buyers and sellers in 2021.

Market prices have been going up, but the growth rate is not as steep as it had been earlier in 2021.

Seller subsidy (closing cost help buyers negotiate from sellers) has seen a bit of a comeback. It’s still not the norm to see the majority of sellers giving any seller subsidy, but it is not absent from the market at large either.

Marketing times are not changing greatly, but I have noticed some sales taking way longer than they should. Poor marketing is usually the culprit. Even in a seller’s market, having a properly prepared home and professional marketing is the only way to get buyers enthusiastic about your home.

If you placed your Braemar Reflection 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 get away with no seller subsidy if your home has created that all important buyer enthusiasm. You could also expect your buyer to have a home inspection contingency. These made a come back in the second half of 2021.

The next Braemar Reflection market report will be out next spring. Until then, if you would like to read my real estate market predictions for 2022, you can do that by clicking here. If you have been thinking that 2022 is the year that you want to make a move, there is no time like the present to have that initial conversation. Get in touch and let’s chat. 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: September-October 2021 (Ryan Homes)

Braemar Property Value Report: September-October 2021 (Ryan Homes)

The end of the holiday weekend is upon us. With company gone and having no desire to delve into the set up of my Christmas tree, I have decided to publish the next Braemar Property Value Report instead. You know a Braemar real estate agent loves their job when they willingly sit down to put together a market analysis versus any number of other non-work related activities. Loving what I do is truly a blessing.

In this edition of the Braemar Property Value the focus in on detached houses built by Ryan Homes in Braemar. During the current reporting period of September and October, there were five Ryan homes that sold. The details of those five most recent sales are detailed below:

Unlike last report where all but one of ten Ryan home sold prices was well above list price, this report shows three of five sold above list price. The second half of the year there was a shift in demand taking place. And though the all-out buyer frenzy has chilled, it is still a seller’s market. Demand is still outpacing supply.

Taking these five most recent sales and combining them with the entire past twelve months of Ryan home sales in Braemar, the six and twelve month data points tracked in this report are updated as seen below.

Starting in the sold price column we see both the six month average sold price and six month median sold price much higher than their respective twelve month values. Ryan homes are still gaining value.

Seller subsidy (closing cost help negotiated by buyers from sellers) is a non-factor with zeros down all the relevant time markers. This means not one Ryan home seller in twelve months has given closing cost help.

Days on market is single digits down the line, and only one digit off in the twelve month average. Ryan homes are continuing to sell fast.

If you placed your Ryan home on the market, priced to current conditions in our Braemar market, you could expect it to be under contract in about a week. You could also expect to give nothing in seller subsidy. Not represented in the stats of this report, however, you could expect to see home inspection and appraisal contingencies in your offers. As the buyer frenzy has quieted, buyers are less likely to waive all contingencies like they had been doing in the first half of the year.

The next Braemar Property Value Report will be out in January. Until then, I wish you all the best the holiday season has to offer. Of course, whenever the need to sell your Braemar home arises, I would love the opportunity to consult with you about the sale of your home. Despite the season or market conditions, creating and maintaining buyer enthusiasm is what it takes to make the absolute most the market will bear. And with my unparalleled neghborhood knowledge, my professional marketing and superior negotiation skills are even better at achieving both. Helping my Braemar neighbors sell is always among my greatest pleasures. 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: September-October 2021 (Heritage Series)

Braemar Property Value Report: September-October 2021 (Heritage Series)

The day before Thanksgiving may be a day of food preparation for a lot of folks, but for this Braemar Real Estate Agent it is a day of putting together another in my string of Braemar Property Value Reports. Staying on top of the Braemar real estate market is essential and actually putting together these marketing reports gives me market insights that simply pulling market data and slapping it online or in a postcard never would.

Today’s Braemar Property Value Report is focused on the sales of Heritage homes in our neighborhood for the months of September and October. Heritage 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 five Heritage homes that sold from the beginning of September to the end of October. That’s four less than happened last report. Details of the most recent sales are listed below:

There are three things that stand out looking at these sales. First, none of them sold above their list price. Second, more sellers than not gave seller subsidy (closing cost assistance.) Third, days on market before going under contract is going into double digits in most of these sales.

Taking these five sales and combining them with the entire past twelve months of Heritage home sales in Braemar, the six and twelve month data points that are central to this market report are updated as seen below. Let’s delve into each data point in more detail.

Starting with sold price, the good news is that both six month values are higher than their respective twelve month values. Braemar Heritage homes have gained in value again. However, the rate of increase has slowed down. Last report, the six month average rate of increase in value was 4% and the six month median rate of increase was 5%. This report, the six month average rate of increase has been cut by half at 2%. The six month median rate of increase is less dramatic a decrease at 4%. If this were the only indicator of a shifting market, it would be less compelling.

Seller subsidy is a column were we see very little change in the six month average to the twelve month average. And the six month and twelve month median values being at zero tells up that in those time periods, more than half of sellers gave no closing cost help. What is concerning is that the majority of sales that happened in September and October gave seller subsidy. Seems that buyers are less likely to waive the request, and for that matter, they are also no longer waiving inspections. The market has definitely shifted since the first half of the year, but conditions still favor sellers. The all-out buyer frenzy has cooled though.

Marketing time in the six and twelve month value points doesn’t show cause for alarm. There are only slight increases in both six month values compared to their twelve month counterparts. What is concerning is the days on market racked up by the most recent sales. If that trend keeps up, the six month average and median will be increasing more significantly in the next report.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in about two weeks or so. You could also expect to see offers from buyers that include closing cost help and inspection contingencies.

The next Braemar Property Value Report will be out in January. Until then, I wish you all a very happy holiday season. And of course, when the need arises to sell your Braemar home, I encourage you to reach out to me for a no obligation consultation. As unbelievable as it may be, money can be left on the table even in a seller’s market. The key to success is creating and maintaining buyer enthusiasm. My unparalleled neighborhood knowledge, combined with my marketing and negotiation skill sets, get my Braemar sellers the absolute max the market will bear. 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: July-August 2021 (Heritage Series)

Braemar Property Value Report: July-August 2021 (Heritage Series)

Welcome to another edition of the Braemar Property Value Report. This particular report focuses on sales of Heritage Series homes in our neighborhood. Heritage 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. This edition looks back to the last two months of summer.

During the months of July and August there were nine Braemar Heritage homes that sold. Their sold prices ranged from $571,234 to $675,000. As you look through the total number of bedrooms, bathrooms and the basement finishes below, you will see a wide variety. This report sale three, three bedroom homes sold and three homes with unfinished basements sold. Both of those of those factors are not what we typically see in the Heritage home sales. The details of all nine are listed below:

Taking all nine sales and combining them with the entire past twelve months of Braemar Heritage home sales, the six and twelve month data points are updated as reflected below:

Looking at the sold column we see an average increase in value from twelve months to six months of 4%. The median increase in value from twelve months to six months is 5%. Summer certainly slowed the pace of our growth. Just last report, the average growth in six months was 8% and the median growth in six months was 11%. Though we are still in a seller’s market, the summer months saw a cooling off of the buyer frenzy as many focused on enjoying summer vacations. Meanwhile, more sellers jumped into the market. That meant fewer offers from buyers where sellers had been seeing a dozen or more earlier in the year. Nonetheless, growth is growth and buyers are still outnumbering sellers.

Seller subsidy is where we learn what buyers were able to negotiate from their Braemar Heritage home sellers. The answer overall is not much, if anything at all. Of the nine sales listed for this reporting period, one buyer got $300. All else received nothing. The six month average and twelve month average seller subsidy numbers are very low as well. The median seller subsidy for both time frames being at zero means that more than half of sellers gave nothing in closing cost help as buyers competed for homes.

Marketing time is as steady as it can be and still remains in the single digits they have been. A quick scan of the nine sales above reveals only one seller that took nearly three weeks to go under contract. It was a three bedroom Yardley with an unfinished basement. Definitely not the most sought after home in our neighborhood. And it was only one of two sales this report period that took less than list price.

The next Braemar Property Value Report will be out in November. At that time, we will have a great idea if the fall selling market lifted buyer demand again. I suspect it will. Our market enjoys a the majority of its workers being Federal employees, directly or indirectly. The Federal budget year starts fresh every October 1st. That means raises and more jobs. The year end market can be a powerful one for sure. If you are interested in hearing more about it, get in touch with me. 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

Another Yardley in Braemar SOLD!!

Another Yardley in Braemar SOLD!!!

In my career as a Braemar Listing Agent, which began in 2005, I have listed and sold nine Yardley models.  That’s more homes than have sold so far in 2018 in Braemar.  And in case you are curious, as of right now there have been seven Braemar homes sold in 2018.  I’m happy to say I’m responsible for two of those sales.  Let me tell about 12366 Fife Ness Court, which sold today–January 31, 2018.

In the middle of September I was contacted by the owners who were looking for the right agent to sell their home.  There was a lot of trepidation on their part about timing.  Everyone always talks about the spring market.  No one talks about the year end market.  And that’s exactly the market they were going to be facing to list if they wanted to dove tail the sale of their Yardley before purchasing their new construction home, due to be complete in January.  It was my pleasure to put their minds at ease.

The year end market is a fantastic time to list.  We took a look at average days on market and made a plan to list in November.  The home hit the market on November 9th, priced at $489,000.  I knew this home was going to be eaten up by the market.  After all, I also had 12278 Scotts Mill Drive on the market around that time.  And having more than one buyer ready and willing to buy that one, it was great to be able to tell those agents that they could bring their buyers to 12366 Fife Ness Court. That’s an advantage of hiring a top agent in Braemar.  If you have a listing coming up, you can let buyer’s agents looking in that price range know.

After only eleven days on the market, this home was under contract.  The sellers were very pleased to see just how many buyers were out at the end of the year.  They were even more excited that the buyers that wrote on their home were willing to settle in late January.

This meticulously maintained four bedroom home went sold on January 31st (2018) for $485,000.  

When you are ready to sell your Braemar home, hiring a top Braemar listing agent is key to getting your home sold for the most money.  Call me and let me show you why 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 Reflection Quarterly: October-December 2016

Braemar Reflection Quarterly: October-December 2016

It has been a few days since I posted a Braemar property value report, but I promise I haven’t forgotten about you.  My real estate journeys over the last few days have taken me to mountain top homes with severe slopes, covered in snow.  Makes you appreciate life here in Braemar.  Paved roads with traffic lights, stop signs and enough width to have two cars pass each other.

Annan Model in BraemarThis Braemar property report is the Braemar Reflection Quarterly.  For those who may not be familiar with this style of home, Reflections Series homes are located off of Tarvie Circle and are the semi-detached single family homes, attached at the garage only.  There were two floor plans offered by Brookfield Homes:  Annan and Bromley.  

There was only one Reflection Series home that sold in the fourth quarter of 2016 and I sold it.  It was an Annan model with a brand new kitchen appliance suite and hardwood floors on the main level.  It also had an unfinished basement, four bedrooms and two and a half bathrooms.  It listed originally for $425,000, but was lowered to $414,900.  It sold for $404,000, which having been monitoring the values of these homes for a solid year now, was actually quite a nice pull for the sellers.  With only 44 total Reflection Series homes in Braemar, it isn’t surprising that activity is limited when it comes to sales.  So I have no comparison for the third quarter of 2016 or the fourth quarter of 2015.

Braemar Reflection Quarterly: October-December 2016

If you placed your Braemar Reflection Series home on the market, priced to current conditions, you may be under contract in about 50 days.  And you may not have to give much in closing cost help.  Depending on inventory levels and buyer demand, you may see a different result.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Despite having quarters where there is no activity, I will continue to report back at regular intervals.  I find that more useful because you know when to expect to hear from me.  That means the next Braemar Reflection Quarterly will be out in April and will focus on the first quarter of 2017.  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, 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.)

Braemar Property Value Report: May-June 2014 (Ryan Homes)

Braemar Property Value Report:  May-June 2014 (Ryan Homes)

July started off pretty quiet, not counting the Fourth of July fireworks that screamed throughout Braemar.  Of course, I am referring to home sales.  The Braemar real estate market and surrounding Bristow and Gainesville seemed to be hitting their Ryan Home in Braemar, Bristow, VAsummer slump.  Somewhere after the Fourth, all hell broke loose and I haven’t had time to even think.

We’ll see what happened in July later on.  This Braemar Property Value Report will focus on resales of houses built by Ryan Homes in Braemar for the months of May and June.

There were two Ryan Homes that sold during May and June.  The low sold price was $435,000 and the high was $465,000.  The average of both gives us our latest average market value for Ryan Homes in Braemar of $450,000.  That’s a nice even number.  Like getting an even $100 for a grocery bill.  That number, however, represents nearly an 8.5% decrease in average value since last report and a 1% decrease in average value since this same time last year.

Braemar Property Value Report:  May-June 2014 (Ryan Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed  your Braemar property, built by Ryan Homes, on the market and priced it to current conditions, this report indicates you would be under contract in an average of one week.  I would love to believe that was true right now, but the reality is that it does take a bit longer to sell the further we go into summer.  The better news is that you are likely to get a buyer that doesn’t need any closing cost assistance from you.  Woo-hoo!

The next Braemar Property Value Report will be out in September and will detail sales from July and August.  Until then, if you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  I can get you the most money in the shortest amount of time when you sell your Braemar home.  No One Knows Braemar Better!

Come join my new neighborhood Facebook group–BRAEMAR (Bristow, VA) where you will find links to this reports and other neighborhood discussions.  

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

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

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You can see the most recent property values in Braemar by clicking the links below:

Arista Series  (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

NV Homes (single family homes built by NV Homes)

Braemar Townhouse Report (traditional townhouses with back yards)

Condo Quarterly (townhouse style condos)

Piggyback & Patio Quarterly (back to back townhouses and quad homes)

Braemar Property Value Report: March-April 2014 (Ryan Homes)

Braemar Property Value Report:  March-April 2014 (Ryan Series)

Ryan Homes built in Braemar have a lot of variety in size and finishes.  There are very modest Ryan Homes in the neighborhood, very much like a Heritage Series home Ryan Home in Braemar, Bristow, VAby Brookfield, and some grand ones that easily compete with Brookfield’s Arista Series and NV Homes.  With that concept in mind, let’s take a look at the resales of Ryan Homes in Braemar for the months of March and April.

There were four Ryan Homes that sold during that time period. Their final sales prices ranged from $425,000 to $545,000.   That’s a reflection of the size of the homes.  We had some more modest Ryan Homes sell and some bigger ones.  The average of all four gives us our new average market value for Ryan Homes in Braemar of $491,500.  That’s over a 17.5% increase since last report, and looking back one year ago, it’s a 26% increase in value.  Does that mean your Ryan Home has shot up 26% in value since last year?  No.  We are averaging all Ryan homes together.  But given the demand in the Braemar market, I think it’s safe to say everyone in the neighborhood has had some very nice appreciation since last year.

Braemar Property Value Report:  March-April 2014 (Ryan Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in less than a week—an average of 4 days to be exact.  Single family homes in Braemar are in demand.  You could also expect that a buyer may ask for an average of $1,850 in closing cost help.

The next Braemar Property Value Report will be out in July and will detail sales from May and June.  Until then, if you want to know your specific home’s value in today’s marketplace, call me for your free market analysis.  I’ve been a full-time real estate agent and Braemar home owner since 2005.  I can get you the most money in the shortest amount of time when you sell your Braemar home.  No One Knows Braemar Better!

Come join my new neighborhood Facebook group–BRAEMAR (Bristow, VA) where you will find links to this reports and other neighborhood discussions.  

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

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

—————————————————–

You can see the most recent property values in Braemar by clicking the links below:

Arista Series  (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

NV Homes (single family homes built by NV Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Piggyback & Patio Quarterly (back to back townhouses and quad homes)