Braemar Townhouse Report: September-October 2021

Braemar Townhouse Report: September-October 2021

December will be here in a couple of days. While you might think the Braemar real estate market would have nothing to offer this time of year, I am pleased to say that the yearend selling season is one of the best around. Serious buyers are out at a time that stresses “home for the holidays.” The emotions of the season certainly help sell homes. Better yet, many sellers wait for spring, leaving fewer homes for those serious buyers to chose from. My real estate business has thrived this time of year and continues to do so. Of course, I always make time to keep Braemar home owners apprised of market conditions in the property value reports I prepare. Today I bring you the Braemar Townhouse Report, focusing on sales of traditional three level townhouses in Braemar, attached side to side only.

During the current reporting period of September and October, there were thirteen Braemar townhouses that sold. The details of those sales are below:

Looking at these sales we see all thirteen sold at, or above their list price. All but one gave no seller subsidy (closing cost help to buyer.) Meanwhile the sales that closed in late September and into October had higher days on market. Taking these sales and combining them with the entire past twelve months of Braemar townhouse sales we will get a better snapshot of current trends in the townhouse market when the data points tracked in this report are updated.

Looking at the sold price column, Braemar townhouses are continuing to gain value. Both the six month average and the six month median sold prices are higher than their respective twelve month sold prices. This is proof of the continued seller’s market. The rate of increase in value has slowed slightly since last report, but not enough to be concerned about. Both the six month average growth rate and six month median growth rates are down 0.3% since July and August.

Seller subsidy shows a decrease in the six month average compared to the twelve month average. Meanwhile, with the six and twelve month median values both at zero we know that in both time periods, more than half of Braemar townhouse sellers gave no closing cost help. Another hallmark of a seller favored market.

Days on market, despite the upward trending numbers in the two months worth of most recent sales, shows no serious change. When looking at the six month average and median marketing times compared to the corresponding twelve month values, Braemar townhouses are still going under contract in about a week or less.

If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it could be under contract in about a week. While some of the most recent sales on the calendar suggest it may take a bit longer, my most recent Braemar townhouse listing went under contract in only five days this November. You could also expect you could escape any seller subsidy requests since buyer demand is still outpacing supply. However, the second half of the year has shown buyers less willing to waive contingencies like home inspection and appraisal. The all-out buyer frenzy has cooled, though the market remains a seller’s market.

The next Braemar Townhouse Report will be out in January. Until then, I do hope the holiday season brings you peace and happiness. Of course, anytime the need arises to sell your Braemar townhouse, I am here with all of my neighborhood expertise, professional marketing and superior negotiation skills to help you make the absolute most you can from your home sale. Unfortunately, even during a seller’s market, money is too often left on the table. Hiring a local professional will help you increase buyer enthusiasm and maintain it throughout the process. Helping Braemar sellers is my specialty. Get in touch with me for a 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 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 (NV Homes)

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

The turkey and traditional sides induced over-full state has subsided and it is back to work for this Braemar Real Estate Agent. Back to work means actually doing the research and producing this Braemar Property Value Report focused on properties built by NV Homes in our neighborhood. That’s right, I don’t cut and paste reports for you. I run the sales, crunch the numbers and give you my analysis. That is why my wealth of knowledge of our Braemar real estate market is unparalleled. I do the work to understand our market.

In the months of September and October, there was only one NV home that sold. The details of that sale are listed below:

Having only one sale for the current reporting period doesn’t mean that we don’t have updated six and twelve month data points. This sale gets tossed in with the previous sales of NV homes for the previous year and the sales from September and October last year are dropped. The updated six and twelve month data points used in this report are then updated as seen below:

Starting with the sold price column there are healthy increases in both six month values compared to their respective twelve month values. NV homes are continuing to increase in value. And unlike what I have seen with other home types this reporting period, NV homes have lost only one half of one percent in the average six month growth rate compared to last report. They have lost no ground in median six month growth rate.

When we get to the seller subsidy column, we get to see how much closing cost help Braemar buyers were able to negotiate from their NV home sellers. The answer is nothing more than they had before. The most recent sale gave no seller subsidy. And with the six month average seller subsidy decreasing compared to the twelve month average, it seems more and more sellers are giving nothing, bringing that average number down. The six and twelve month median values being at zero means more than half of NV home sellers in both time periods gave no closing cost help. This is the mark of buyer competition being strong for these homes.

Days on market has come down in both six month values compared to their respective twelve month values. This is also contrary to what I have found in preparing other Braemar Property Value Reports for the same time period. The most recent sale going under contract in only four days is fantastic.

If you placed your Braemar NV home on the market, priced to current conditions, you could expect it to be under contract in a week or less. You could also expect to give very little, if anything in closing cost help. And based on trends I am seeing in the market, there is a shift away from the all-out buyer frenzy in our real estate market. Buyers are more likely to ask for home inspections and not waive appraisal. That doesn’t mean we are entering a buyer’s market. Supply is still not keeping up with demand. Buyers are not as many in number and not feeling the need to give away every possible contingency to get under contract.

The next Braemar Property Value Report will be out in January. Until then, I wish you all the best this holiday season. Of course, if the need arises to sell your Braemar home, I am here for you no matter the season. Creating buyer enthusiasm and maintaining it throughout the transaction is what makes keeps my sellers at the max the market will allow. My knowledge of our community is what gets my Braemar sellers the advantage over their competition. Feel free to reach out any time of year for a no obligation consultation. It is my pleasure to serve my neighbors. 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: September-October 2021 (Courtyard Series)

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

Wind sure can make fifty degree weather feel colder than it may otherwise feel. I suppose the same is true for an all-out buyer frenzy making a seller’s market feel even more heated than a typical seller’s market may be. In this edition of the Braemar Property Value Report, focusing on sales of Courtyard homes in our neighborhood, we will take a look back at the months of September and October and see the state of our seller’s market. Before we go any further, if you don’t know what Braemar Courtyard homes are, they are the single family homes located on Orland Stone, Pentland Hills and Playfair.  Five homes share a courtyard driveway and have a strip of yard separating them from each other.  I often refer to them as city homes or executive style homes, as they require the most minimal lawn maintenance and have very contemporary floor plans named the Arlington, Ballston and Clarendon.  What they lack in lawn, they more than make up for in generous bedrooms sizes.

There was only one Braemar Courtyard home that sold between the beginning of September and end of October. The details of that sale are listed below:

Immediately I see that this home sold barely above its list price. Unusual compared to last report when all four Courtyard home sales were significantly above list price. What is great to see is no seller subsidy (closing cost assistance) and single days on market for marketing time. When this sale is combined with the entire past twelve months of Braemar Courtyard home sales, the six and twelve month data points followed in this report are updated as seen below:

Starting with the sold price column we see increases in both six month values compared to their respective twelve month values. Braemar Courtyard homes have gained in value yet again. Looking back to last report, the six month average and median growth rate was the same at 2.4% each. This report, those six month growth rates have come down a bit. The six month average growth rate is now 1.7% and the six month median growth rate is 1.6%. Only time will tell if the growth rate continues to come down or go up.

The seller subsidy column shows nothing but zeros all the way down. In one year’s worth of Braemar Courtyard home sales, not one seller has had to give any closing cost assistance. In other reports for this same reporting period, I am starting to see seller subsidy requests coming back. Not in the Courtyard homes. We will see next report if it continues that way.

Days on market is as steady and fast as can be. The six and twelve month averages are the same at seven days. The six month median of six days is one day longer than the twelve month median. Braemar Courtyard homes are going underr contract fast.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a week or so. You could also expect to give nothing in closing cost help while buyer demand is outpacing supply.

The next Braemar Property Value Report will be out in January. In the meantime, if the need arises to sell your Courtyard home, don’t panic. The year end sales market in Braemar is a powerful one. The emotions surrounding “home for the holidays” and lack of inventory make for some very motivated and serious buyers. Just remember that no matter the market, even a seller’s market, you can leave money on the table through lack of preparation and poor marketing. It is my pleasure to help my Braemar sellers max out their profit by putting my skill set to work for them. It’s all about creating buyer enthusiasm. My unparalleled neighborhood knowledge and professional marketing are always a recipe for success when selling in Braemar. Get in touch with me for a 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 Property Value Report: September-October 2021 (Carriage Series)

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

The year end holidays are rapidly approaching and for so many, things slow down a bit this time of year. Does it slow down in the world of Braemar real estate? Not as much as you may think. In this edition of the Braemar Property Value Report I will show you how Carriage homes in Braemar fared in the months of September and October. If you are unfamiliar with what constitutes a Braemar Carriage home from any other home in our neighborhood, they are characterized by the lack of an attached garage. When these homes have a garage, it is detached and sits in back of the home, accessed by a private driveway off of the street, or off of a shared alley in the back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were three Braemar Carriage homes that sold during the current reporting period. Coincidentally, that is the same number of Carriage home sales that happened in the previous reporting period. Details of the sales from September and October are listed below:

At first glance, the things that stand out to me in the sales above are that only one of the three sold significantly above its list price. One of three gave a significant amount of closing cost help. And one of the three took longer than single digits to sell. When combined with the entire previous twelve months of Braemar Carriage home sales, the six and twelve month data points are updated as seen below:

Starting with the sold price column, we still see significantly higher prices in both six month values when compared to their respective twelve month values. Increases in value are always great news to Braemar Carriage home owners. However, the six month growth rates seem to have waned a bit. Last report, the six month average growth rate was 7% and the six month median growth rate was 10%. In this report, the month average growth rate has dropped to 5%. The six month median growth rate is also at 5% this report. Could it be that the market is shifting? Only time will tell so looking to future Braemar Property Value Reports will give more of an indication of any trends. For now, the trend is still upward growth in value.

Seller subsidy is where we learn how much closing cost help Braemar buyers were able to negotiate from their Carriage home sellers. Seeing one Braemar Carriage home sale this report with nearly 2% seller subsidy is certainly unusual. In the entire past twelve months of Braemar Carriage homes sales there have been only two of twenty that have given any seller subsidy. Timing wise, it was one sale this report and one sale last report. This definitely indicates a cooling of the buyer frenzy we have seen throughout 2020 and in the first half of 2021. While conditions still favor sellers, the herd of buyers is thinning out and the ones remaining are not as quick to act, and able to ask for more.

Days on market is really very stable. The six and twelve month average marketing times are five days, while the six and twelve month median marketing times are at four days. Braemar Carriage homes are selling very quickly.

If you placed your Braemar Carriage home on the market, priced to current conditons, you could expect it to be under contract in one week, maybe two max. You could also expect to have some seller subsidy requests. The amount you are able to knock it down will largely by determined by the negotiation strength of your listing agent.

The next Braemar Property Value Report will be out in the New Year. Until then, if the need arises to sell your Braemar Carriage home, know that the year end market is one of the most powerful a seller can encounter. Inventory shortage along with strong emotions regarding “home for the holidays” with serious buyers are factors that can equate to a very profitable sale. Of course, hiring a local, professional marketing agent like myself is a key to maxing your profit when selling. Even in a seller’s market, money can be left on the table through lack of preparation and poor marketing, which do not create buyer enthusiasm. Don’t let that happen to you. Get in touch with me for a 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 Property Value Report: September-October 2021 (Arista Series)

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

November is flying by. Thanksgiving is rapidly approaching and I have some property value reports to publish. Today I bring you the Braemar Property Value Report for Arista Series homes in our neighborhood. Arista homes are the largest single familiy homes built by Brookfield Homes in Braemar and include the Allister, Buckingham and Canterbury models.

During the current reporting period of September and October 2021, there were four Braemar Arista homes that sold. The details of those sales are listed below:

Taking this information and combining it with the entire past twelve months of Arista home sales, the six and twelve month data points tracked in this Braemar Property Value Report are updated, as seen below.

Starting with the sold price column, it is great to see higher numbers in both six month values compared to their respective twelve month values. This means values for Braemar Arista homes are continuing to increase. Furthermore, the growth rate in six months this report is a tad higher than the growth rate from last report. This is great news.

Making it to the seller subsidy column, it is a sign of change in the marketplace that we even have anything to report. Seller subsidy, as you may already know, is closing cost assistance to the buyer from seller. In the first half of 2021, seller subsidy requests from buyers were non-starters if they wanted their offers accepted. In the four sales listed above for September and October, it is shocking to see three out of four sales gave seller subsidy at all. That’s why we have a six and twelve month average seller subsidy number. Obviously, the bigger deal is that majority of more recent Arista home sales have had a seller subsidy component. Buyer demand definitely cooled a bit since July and August, but this may show us a bit more cooling in the higher price ranges than I had realized.

Finally, the days on market column shows longer marketing times in both six month values compared to their respective twelve month values. That means that in the last six months, Arista homes have been taking longer to sell. Another indicator of a changing market. The good news is that most of the four most recent sales sold in eleven days or less. However, one home took forty-six days to sell. That one sale had been listed with a different agent for over forty days with poor marketing. The second listing agent got the job done quickly after professional photos and marketing.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect your home to be under contract in under two weeks. You could also expect to pay some seller subsidy since the buyer frenzy has cooled off.

The next Braemar Property Value Report will be out in January. Until then, when the time comes to sell your home, get in touch with me to find out how I can create the buyer enthusiasm that will lift your property to its absolute max profit. Professional marketing combined with local expertise is what my Braemar sellers have been enjoying for years. 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

How Long Does It Take to Sell a Braemar Townhouse in November?

12423 Selkirk Circle in Braemar was Under Contract in Only 5 Days

How Long Does It Take to Sell a Braemar Townhouse in November?

When I met with my seller-client last night to go over the offer she received on her townhouse at 12423 Selkirk Circle, she laughed on the way out that a friend of hers had heard about her listing in November. Apparently, my seller was given the dismal prediction by this friend that she “might sell by March.” I don’t know the last time I saw a home take four months to sell. Needless to say, her friend was not a Bristow real estate agent.

While the 2021 Bristow real estate market has slowed down considerably, we have yet to hit what are considered stable conditions. A stable real estate market exists when there is enough inventory to meet buyer demand. In other words, the market favors neither side. Sure July and August saw the decline of crazy number of offers on homes, but multiple offers were still present. Dozens of offers? Not so much. There are still more buyers than homes for sale. Buyers have just taken a deep breath and are not acting in a frenzy.

The great thing about selling at the end of the year is that only serious buyers are house hunting. And the house hunt is occurring a very emotionally charged time of year. Home for Holidays is a real phenomenom.

The townhouse at 12423 Selkirk Circle hit the market on November 11th, priced at $375,000. Some agents the seller interviewed thought that price was high. Not when you put in the work to create buyer enthusiasm. The seller did her part by making sure the home was clean and prepped, as much as possible, for market. (There was a point where she couldn’t find the right color touch up paint for some minor drywall repairs.) Luxury vinyl plank flooring was installed in the bathrooms to lift the outdated appearance given by the one sheet vinyl flooring that had been present. New carpet was installed. Repairs made like replacing the garbage disposal and fixing a leaky toilet. Then it was my turn to go in and fluff with some light staging.

While there were no multiple offers on this one, in only five days on the market the seller got a very strong offer and is delighted. It will close just before Christmas, so stay tuned for the final details. In the meantime, if the time comes to sell your Braemar home in the colder month, don’t believe the hype that spring is the only season where sellers can be successful. The year end market has more serious buyers and fewer homes for them to choose from. And with the professional marketing of a fantastic local agent like myself that has seen the magic of the year end market, you can’t lose. Get in touch with me and let’s set up a time to talk. 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

Just Listed: Two Bedroom Braemar Townhouse for $375,000

12423 Selkirk Circle in Braemar Listing on November 11th (2021) for $375,000

Just Listed: Two Bedroom Braemar Townhouse for $375,000

It is my pleasure to present 12423 Selkirk Circle to you. Priced at $375,000, this two bedroom, two and a half bathroom townhouse is sure to be a hit.

In this particular model (Auburn by Ryan Homes) all three levels are above grade and the front enters on the first floor, stepping you down into the living room, or living/dining combo. Immediately you will notice the luxury vinyl plank (LVP) flooring which goes from the foyer entrance all the way back into the kitchen. If you want to make the front room just a living room, there is plenty of table space in the kitchen, even with the portable island that conveys.

Starting up the stairs to the second level, you will notice the smell and feel of new carpet. The entire second and third floors have brand new carpet, with the exception of the bathrooms that have the same LVP as the main level. The second level is where you will find the family room, or additional living room. Here you find the added feature of a gas fireplace. The second bedroom and a full bathroom are also located here.

The entire third floor is dedicated to the owner’s suite. Chances are you have never seen as expansive an owner’s suite as this one. Not only is there plenty of room for a bedroom suite, but you could have a home office here as well…or workout area. Maybe do a bit of both. Believe me, there is room! The owner’s bathroom boasts two sinks, a soaking tub and separate shower. And if you were worried about closet space in the owner’s suite, don’t. The closet is just as oversized as the room.

With a fully fenced back yard with paver patio, there is little natural vegetation to regularly control. Set up outdoor seating and a grill and you are good to go.

You may notice some repairs with spackle to the walls that have not been painted. The plan was to touch up the paint, but the owner did not have the exact match left from the previous owner and had no idea what the color was. Odds are the next owner will be placing their own items on the wall in these places, or want to paint to their own color. Either way, these few areas in the second story living area and owner’s bathroom should not be deal breakers.

Recent replacements, besides new flooring throughout, are the new water heater and garbage disposal.

This home will be held open Saturday, November 13th from 12pm-3pm and again on Sunday, November 14th from 1pm-3pm. You can click the link for the full virtual tour if you like before coming to see it for yourself.

In the meantime, if you have been thinking of buying a townhouse in Braemar, don’t hesitate to reach out. 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 Piggyback Quarterly: July-September 2021 (3rd Quarter)

Braemar Piggyback Quarterly: July-September 2021 (3rd Quarter)

It is time for another Braemar Piggyback Quarterly. This property value report details sales of the Piggyback townhouses in our neighborhood which are those have a two car garage and are attached side to side and back to back. Let’s get right to the latest and see where values are heading.

There was only one Braemar Piggyback townhouse that sold in the third quarter. The details are listed below:

The summer was certainly not as frenzied as the beginning of 2021. Nonetheless, here we are looking at a $30,000 over list price sale with no seller subsidy. That’s great for the third quarter. Taking this sale, which represents the entire third quarter, and combining it with the previous three quarters worth of Braemar Piggyback townhouse sales the six and twelve month data points I monitor are updated as seen below.

Starting with the sold price column, we see both the six month average and six month median sold prices are substantially higher than their respective twelve month values. Braemar Piggyback townhouses are continuing to gain in value. The growth rate from one year to six months is unchanged compared to last report at 4% median growth. However, the average growth has slowed from 6% to 3% this report. Growth is growth.

Seller subsidy remains at zero down the column. Not one seller in the past year has given any closing cost assistance to a buyer. This is definitely a sign that our seller’s market continues.

Days on market is another sign the seller’s market continues. All but the six month median marketing time noted above are at five days. The six month median marketing time is only one day longer at six days. Braemar Piggyback townhouses are certainly enjoying the seller’s market.

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contrat in about a week. You could also expect to give nothing in closing cost help.

The next Braemar Piggyback Quarterly will be out in the New Year. Until then, if the need arises to sell your Braemar Piggyback townhouse, get in touch wth me to find out how elevating buyer enthusiasm through professional marketing will max your profit. Professional marketing starts with hiring a full-time, local agent. 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