Braemar Property Value Report: July-August 2013 (Heritage Series)

Braemar Property Value Report:  July-August 2013 (Heritage Series)

Yardley in BraemarThe pools are closed and the schools are back in session.  Summer may be officially over, but certainly not forgotten.  In this Braemar Property Value Report, we’ll take a look back at the last two months of summer and see how the Braemar Heritage Series home values fared.  If you don’t already know, Heritage Series homes in Braemar are mid-sized single family homes built by Brookfield homes, with attached two car garages and include the following floor plans:  Exeter, Yardley, Zachery and Waverly.

There were five resales of homes in the Heritages Series during the months of July and August.  Not surprisingly, the majority were Yardleys, the most popular model in Braemar.  The other two were Exeters.  The high sold price was $475,000 and the low sold price was $400,000.  The average of all five gives us our new average market value of $432,700 for Braemar Heritage Series homes.  The represents a $225 increase in value since last report (not percentage worthy increase, but stability in value nonetheless) and less than a 1% increase in value since last year.

Braemar Property Value Report:  July-August 2013 (Heritage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Exeter, Waverly, Yardley or Zachery on the market, priced to current market conditions, you could expect it to be under contract in an average of nearly one and a half months.  You could also expect a buyer to ask for an average of less than 1% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October.  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.  In 2007, I also added the distinction of being a Short Sale Agent.  No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home.  No one knows Braemar better!

And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group.  You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com

 

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)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Another Braemar Single Family Home Sold!

Another Braemar Single Family Home Sold!

On July 20, 2013, I was out with a buyer-client in Braemar.  We’d seen just about everything listed in Bristow under $450,000 and were not impressed.  Either the lots were undesirable, the communities were less than appealing or the homes were outdated and attempting to take advantage of the seller’s market.  No matter how much demand there is, buyers aren’t likely to over pay for a home.

10025 Spindle Foot Court in Braemar sold for $437,500 on August 5, 2013.

We were leaving a listing on Hopper Lane when we saw a For Sale By Owner sign.  Out of curiosity, we called and asked the list price and if we could view it on short notice. The list price was $445,000.  And the sellers were happy to let us see the home right then, on three minutes notice.

It was a pipe stem lot.  Nice and private.  While modest in size, it had been well maintained.  New carpet was just installed and the paint looked fairly fresh too.  Even the deck had been given some TLC.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next day, my Buyer made an offer on the home.  After a quick back and forth, all parties were in agreement.  It was a cash deal and slotted to settle in two weeks.  That’s a fast turn around!  In the world of Bristow-Gainesville real estate, most deals close within an average of about forty days.

This Stanford model by Ryan, with four bedrooms, two full and two half bathrooms and a partially finished walk out basement, sold on August 5, 2013 for $437,500.   

If you know someone who is interested in buying or selling in Braemar, give me a call.  No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.netwww.SellingBraemar.com

Braemar Property Value Report: March-April 2013 (Carriage Series)

Braemar Property Value Report:  March-April 2013 (Carriage Series)

Before the calendar even flipped us into 2013, the Bristow-Gainesville real estate market was ramping up.  By the time we rang in the new year, I was wondering if it could Braemar Carriage Home (Maplewood)get anymore hectic when spring arrived.  The answer?  Yes.  Our Braemar real estate market is making a lot of sellers very happy with the high buyer demand.  That demand is always multiplied in the Carriage homes of Braemar.  So without further delay, let’s take a look at what the last two months meant for resales in the Braemar Carriage homes.

In case you aren’t sure what a Braemar Carriage home is, Carriage homes are characterized by the lack of attached garage.  Rather, it has a detached garage, if it has one at all  Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the MaplewoodNorwoodOakdale and Parkdale.

There were three Carriage home resales between the months of March and April.  The highest sold price was $360,000.  That was a four bedroom, three and a half bathroom Parkdale model.  The lowest sold price was $350,00).  That one was a Norwood with three bedrooms and two and a half bathrooms.  The average of all three sold prices gives us our new average market value for Braemar Carriage homes of $354,667.  That is up nearly 18% since last report.  Unfortunately, because there were no resales in the same time period last year, we have no twelve month comparison.

Braemar Property Value Report:  March-April 2013 (Carriage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that your home would be under contract in less than three weeks time.  Some are going under contract within a week or less.  You could also expect a buyer to ask for an average of 2% of the sales price 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 are thinking of selling your Braemar Carriage home, give me a call for a free market analysis of your specific home’s value.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I added the distinction of being a Short Sale Agent in 2007.  No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time.  And most importantly…No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.comwww.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)

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

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

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Braemar Property Value Report: January-February 2013 (Arista Series)

Braemar Property Value Report:  January-February 2013 (Arista Series)

There is nothing like a snow storm in March to shake things up.  Mother Nature came by with some accumulation for us in March.  Not exactly what those of us that had Allister model in the snow of 2009-2010wished for snow were desiring, but that’s the way it goes.  Wish for snow and Mother Nature sends you white colored slush.  

On the real estate front the careful what you wish for adage could also be applied.  So without further delay, let’s look back at the first two months of 2013 and real estate sales for the Arista Series homes in Braemar.  These are the large single family homes built by Brookfield Homes and include the following floor plans:  Allister, Buckingham and Canterbury.

There were no resales to report in the last two months of 2012 of Arista homes in Braemar.  In January and February combined, there was one.  It was an Allister with three bedrooms, three and a half bathrooms and an unfinished basement.  I want you to keep that in mind because most of the Arista homes in Braemar have four to five bedrooms and usually have a finished basement.  This Allister listed for $374,900 and sold for $401,000. Since this is the only sale in the Arista Series it becomes our new average market value.  It represents a 15.6% decrease in average market value since last year.   That doesn’t panic me at all.  I think this home would have sold for closer to its list price last year.

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Here are some takeaways for all Arista home owners in Braemar.  This report does indicate that if you placed your Allister, Buckingham or Canterbury home on the market, priced to current market conditions, you could expect it to be under contract in less than a week.  You could also expect a buyer to forego closing cost assistance to secure your home.  The Braemar real estate market has become intensely competitive.  As a result, buyers are learning they can’t ask for the sun, moon and stars anymore and expect to win a bid in a multiple offer situation.

The next Braemar Property Value Report will be out in May and will detail sales from March and April.  Until then, if you are thinking of selling your Braemar home, call me for a free market analysis of your specific home’s value in today’s market.  I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I’ve also been a Short Sale Agent since 2007.  I know our local market and how your home fits into it.  No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net

 

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

Braemar Property Value Report: January -February 2012 (Heritage Series)

Braemar Property Value Report:  January -February 2012 (Heritage Series)

In the last couple months I have seens some fabulous Heritage Series homes come on the market in Braemar This afternoon I had the opportunity to see one that was hands down the best done Yardley I have seen in a long time.  I am sure it will be under contract in a matter of days and will make a great comparable for next report.  For now, let’s focus on sales from the first two months of the year in the Heritage Series.  These are the mid-sized single family homes in Braemar, built by Brookfield, that include the following floor plans:  Exeter, Yardley, Zachery and Waverly

There were two Yardleys that sold in February.  Their prices could not be any more different and obviously reflect the difference upgrades and condition can make in a home.  The high sold price was $440,000.  The low sold price was $340,000.  They both offered the same amount of finished square footage, but varied in lot desirability, condition and upgrades.  The average of these sales gives us our new average market value for Braemar Heritage Series homes of $390,000.  That’s over a 1.5% decrease since last report, but over an 18% increase since the first two months of 2011

If you placed your Yardley, Zachery, Waverly or Exeter on the market and priced it current market conditions, you could expect it to be under contract in an average of two weeks.  You could also expect a buyer to ask for an average of nearly 1.5% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in May and will detail sales from the months of March and April. Given the homes I’m seeing go under contract, I think we will see an nice increase in average market value next time. Until then, Until then, please call me if you are thinking of selling your Braemar home.  I’d be happy to do a free market analysis of your particular Braemar home’s worth in today’s market.   As a Braemar resident and full-time Bristow real estate agent since 2005.  I’ve also been a Short Sale Agent since 2007, so I can help you sell no matter what your equity position.  And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SellingBraemar.com

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

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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 homes, five to a private driveway, Brookfield Homes)

Braemar Townhouse Report (no garage and garage townhouses)

Condo Quarterly(condos known as Barrhill at Inverness Village) 

Braemar Property Value Report: November-December 2011 (Heritage Series)

Braemar Property Value Report:  November-December 2011 (Heritage Series)

Seems as though Braemar will experience a mild winter this season.  Well, so far, so good.  It’s only January 7th so anything can happen.  Some of the largest storms we’ve experienced have been in February or March.  We’ll keep our hopes up that there are no major storms.  I know the HOA’s would be super happy about that.  Snow removal can be a big expense when you have a rough winter.

Since the last two months of 2011 are officially behind us, we can take a look back at the Braemar real estate market and see how it shook out.  In particular, we’ll look at sales in the Heritage Series homes.  Heritage Series homes are mid-sized single family homes in Braemar, built by Brookfield, that include the following floor plans:  Exeter, Yardley, Zachery and Waverly.

There were three sales, all in November, of Heritage Series homes.  Two Zachery models and one Yardley.  I know the details on the Yardley model sold because I represented the buyers.  They got one of the nicest houses I have ever seen in Braemar.  The high sales price was $415,000 and the low sales price was $380,000.  The average of all three gives us our new average market value for Braemar Heritage Series homes of $396,300.  That’s nearly an 11% increase since last report. Unfortunatley, there were no sales in the same reporting period last year, so that is a comparison we can not make.

If you placed your Braemar Heritage Series home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in less than two weeks time.  You could also expect a buyer to ask for an average of nearly 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2012.  Until then, Until then, please call me if you are thinking of selling your Braemar home.  I’d be happy to do a free market analysis of your particular Braemar home’s worth in today’s market.   As a Braemar resident and full-time Bristow real estate agent since 2005.  I’ve also been a Short Sale Agent since 2007, so I can help you sell no matter what your equity position.  And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

_______________________________________________

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 homes, five to a private driveway, Brookfield Homes)

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly(condos known as Barrhill at Inverness Village)