Braemar Property Value Report: January-February 2018 (Arista Series)

Braemar Property Value Report: January-February 2018 (Arista Series)

It’s about that time again.  Time to bring you up to speed with our Braemar real estate market, more specifically, what’s happening with the Arista Series homes in our neighborhood.  Arista Series homes are the large, single family homes built by Brookfield Homes.  Floor plans include the Allister, Buckingham and Canterbury.

When I pictured what mid-March would be like in Braemar, I didn’t picture gray winter skies, harsh winds and cold temps.  I also didn’t picture a contracted real estate market with still so little for buyers to choose from.  In all of Braemar, as I type this right now, there are only seven active listings for sale.  Homes are going off the market nearly as quickly as they are coming on.  Buyer demand is still high, but don’t let that fool you.  Buyers are still passing up overpriced listings.  Buyers want move in ready.  Carpet and paint done.  No projects.

For about half a year now, there’s been an Arista Series home lingering on the market.  With nothing else to choose from, buyers have passed it over time and again.  Other large homes that come on the market get gobbled up nearly immediately. Price and condition make a difference, even in a seller’s market.  So while there is at least one Arista Series home for sale, there are no sales to report for the months of January and February.  However, we can glean some information on what the market trend is by dropping our January and February sales from 2017 and taking a look at our six and twelve month value markers again.

Right now,  the six month average and median sold prices are slightly below the twelve month average and median sold prices.  This could be an early indicator that prices could be near peak in these large Braemar single family homes.  Or, it could be a sign that the market is cooling off to this big homes.  Only time is going to tell.

If you were to place your Braemar Arista Series home on the market, priced to current conditions, you could expect it to be under contract in about a month and a half.  You could also expect to pay out at least $5,000 in closing cost help to a buyer. Marketing time and seller subsidy have been fairly consistent over the last year.

The next Braemar Property Value Report will be out in May.  By then, we may have some new sales to report in the Arista Series. 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®




Just Listed: Updated Four Bedroom Carriage Home for $475,000

Just Listed: Updated Four Bedroom Carriage Home for $475,000

In the last three days, the available homes for sale in Braemar has nearly doubled.  That sounds incredible, doesn’t it?  Well, as of right this minute, there are only eleven properties for sale in Braemar.  That includes an assortment of townhouses, patio homes, semi-detached, carriage homes and detached homes.   Buyers don’t have much to choose from, but one lucky buyer is going to nab this Parkdale carriage home that just hit the market at 10143 Broadsword Drive.  It’s list price is $475,000.

Step inside this Braemar Carriage home and the first thing you notice is that hardwood floors in the foyer carry throughout the mail level and even up the staircase in front of you.  That’s not typical of Carriage homes in Braemar.

The living and dining rooms, flanking the foyer, are light and bright in the early part of the day with their eastern exposure.

The most updated part of the main level is what you find in the back of the home, where the family room and the kitchen are open to one another.  The focal point of the family room is a stacked stone fireplace.  This is the first Carriage home in Braemar that I have seen with this update, but after folks get a look at how it elevates the family room, I doubt it will be the last.

The kitchen, carrying shades of gray and white from the cabinets to the granite counters and tile back splash, add modern sophistication.  Custom breakfast bar seats four.  Add a table to the breakfast nook for more seating, or enjoy late afternoon sun in what the owner has set up as sitting area nook.  What a great place to enjoy a book and your favorite beverage.

As with all Parkdale models, the kitchen and dining room connect via a butler pantry.  Main level laundry room is across from the butler’s pantry.

Up the hardwood stairs, you find the hardwood flooring continues on the upper level hallway.  Right atop the stairs is the master suite, behind French doors.  This is an expansive room with a large walk-in closet, sitting area and attached bathroom.  Bathroom includes separate tub and shower, as you would expect in any upper end home.

The remaining three bedrooms you can see in the virtual tour, along with the second full bathroom.  I think you need to see how the basement was finished.

Not only is the basement fully finished with a walk up exit, it boasts a home theater.  The motorized, retractable screen, speakers and projector will convey to the next owner.  There’s also an L-shaped den and third full bathroom.

Enjoy sunsets on the patio, overlooking your backyard.  

And of course, at the end of  the long driveway, there is a detached two car garage.  If you love to entertain, you won’t run out of parking anytime soon.

This Parkdale model at 10143 Broadsword Drive is about as upgraded as you can get.  And I’m sure it won’t last long.  Of course, if this one is out of reach financially, take a peek at 13802 Tartan Hills Parkway.  It’s listed for $429,000.  You can take the ideas you find here and implement them over time at that Parkdale.

If you are in the market for a Braemar home, give me a call. Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®