Braemar Property Value Report: March-April 2021 (Ryan Homes)

Braemar Property Value Report: March-April 2021 (Ryan Homes)

Another gorgeous spring day in Braemar, another Braemar Property Value Report. This one looks at resales of houses built by Ryan Homes in our neighborhood for the months of March and April. Let’s get right to it.

During the current reporting period, there were five Ryan homes that sold. The details of those sales are listed below:

There is quite a difference between the lowest sold price and the highest. Ryan Homes offered a variety of floor plans that differed greatly in size. For the most part, the mid-sized Ryan Homes are what we see in our neighborhood.

Taking these five sales and combining them with the entire past twelve month of Ryan home sales, the six and twelve month data points are updated as reflected below:

The sold price column is always the first place we look . No surprise to find the six month average and median sold prices are about twenty-thousand dollars higher than they were twelve months ago. Ryan homes are still increasing in value.

Seller subsidy is where we find out what buyers were able to negotiate from sellers in terms of closing cost help. Zero is the answer in all but the twelve month average seller subsidy. The current seller’s market is so competitive for buyers that they must waive unnecessary requests just to have a chance of being chosen in a multiple offer scenario.

Days on market shows us how long it took to go under contract. Four days are the six and twelve month average and median marketing times down the column. Ryan homes are selling fast.

If you placed your Ryan home on the market, priced to current conditions, you could expect to be under contract in less than a week. You could also expect to not have to go seller subsidy as buyers compete to win your home. Buyers may also waive inspections, appraisal and even financing contingencies.

The next Braemar Property Value Report will be out in July. Until then, if you decide now is the time to sell, get in touch with me to make sure you are getting the absolute max the market will bear. Just about every house in a seller’s market will sell, but for how much? The highest sold prices are a result of being well prepared and professionally marketed. Those are my specialties. 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: March-April 2021 (NV Homes)

Braemar Property Value Report: March-April 2021 (NV Homes)

Another gorgeous spring day in Braemar and the sound of a lawn mower is my background noise. Doesn’t bother me a bit. The sun is shining and the weather is warming up. The real estate market has been warm for some time. In fact, it is down right hot. Sellers could not be in a better position and in this edition of the Braemar Property Value Report, focused on the NV Homes resale market, you will see exactly what I mean.

During the current reporting period of March and April, there were four resales of NV homes in Braemar. The details of each of those four sales is listed below:

All but three of these homes sold well above their list prices. Only one took a week to go under contract at longest. None gave closing cost help. This is what the Braemar seller’s market looks like. Taking these sales and combining them with the entire past twelve months of NV home sales in Braemar, we see exactly how far home values have come in six months when comparing the six month data points to the twelve month data points.

The sold price column is the natural place to start. Here we see that the six month average and six month median sold prices are WAY higher than the twelve month average and median. NV homes in Braemar are eight to nine percent higher than they were a year ago. That’s substantial.

Seller subsidy is what is also known as closing cost assistance sellers give to buyers as part of the transaction. Honestly, this is the first report I have done in the March/April 2021 series were the six month average shows a value other than zero. Evidently, one NV home sale in the last six months gave a large amount of closing cost help. And looking back at the fourteen sales that make up the twelve months of NV homes data, only two gave seller subsidy at all. Zero is new norm as buyers face fierce competition when bidding on homes.

The days on market column shows the six month average marketing time two days shorter than the twelve month average. The six month median marketing time is three days shorter than the twelve month median. NV homes in Braemar have been selling faster more recently.

If you placed your NV home on the market, priced to current conditions in our Braemar marketplace, you could expect it to be under contract in less than a week. You could also expect to give nothing in seller subsidy as buyers compete to win in multiple offer scenarios. Those same buyers may even waive contingencies like home inspection, radon inspection, financing and appraisal.

The next Braemar Property Value Report will be out in July. Until then, if the need or want to sell arises know that even in a seller’s market, preparation and marketing matter. They create the buyer enthusiasm needed to lift your sales price higher than your competition. Creating buyer enthusiasm with a well prepared and professionally marketed listing is my specialty. 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: March-April 2021 (Heritage Series)

Braemar Property Value Report: March-April 2021 (Heritage Series)

Despite the gas shortage scare, it has been a very busy weekend in the world of Bristow real estate. Of course, what happened this weekend won’t be evident in my Braemar Property Value Reports for a few months. In the meantime, I bring you the latest edition of the Braemar Property Value Report for Heritage 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.

During the current reporting period of March and April, there were five Heritage homes that sold in Braemar. Details of those sales are listed below:

Every home above sold for more that its list price. You will also notice that none of them gave seller subsidy (closing cost help to buyer) and they all sold in a matter of days. That’s the current seller’s market for you. For more of a comparison, taking the entire past twelve months and parsing it out into six and twelve month data points you can see how our seller’s market in Braemar Heritage homes has developed.

Starting with the sold price column we see huge increases when comparing the six month values to their respective twelve month values. It is not at all unusual to see Braemar Heritage homes getting seven to ten percent above list price when they are well prepared and professionally marketed.

Seller subsidy shows zeros in all but the twelve month average. Taking a behind the curtain look at the twelve months worth of Heritage homes sales in Braemar, there were forty-one total. Only eleven gave seller subisdy. The last time we saw seller subsidy was in the fall last year. Buyers are having to forego seller subsidy requests in multiple offer situations just to have a shot at being accepted.

Days on market reveals already fast twelve month marketing times shrinking in the six month values. There is so much demand for houses in our area that as soon as they come active, they are gobbled up by the market.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it be under contract in a handful of days. You could also expect to give no seller subsidy and possibly even land a buyer that has absolutely no contingencies.

The next Braemar Property Value Report will be out in July. Until then, if you are ready to sell, get in touch with me to get your home well prepared and professionally marketed. That’s what creates the buyer enthusiasm lifting prices up to ten percent above list. No matter the market, preparation and marketing are key to getting the absolute max the market will allow. 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: March-April 2021 (Arista Series)

Braemar Property Value Report: March-April 2021 (Arista Series)

Looking out my window the past few days, the reality that spring is here is evident in the blooming of my American Fringe Tree. As a Top Bristow Real Estate Agent, I’ve been running like crazy since the beginning of the year. Time has a tendency to fly by. With March and April behind us, it is time for me to get to my Braemar Property Value Reports. Today’s edition is for Arista homes in the neighborhood, which are the largest, built by Brookfield Homes, in Braemar. Braemar Arista homes include the Allister, Buckingham and Canterbury models by Brookfield Homes.

There were two Arista homes that sold during our current reporting period of March and April 2021. The details of those sales are detailed below:

Wow! There is a big difference in price between these two Canterburys. Just a stroll through the listing photos revealed the sale from April 16th could have benefited from refinished hardwood floors. When they show worn in a photo, they are probably even more so in person. That may have helped them over come their lot which has an unobstructed view of the cell phone tower. Both had done nothing to neutralize colors, but the one that sold on April 20th had upgraded kitchen counters, flooring in better shape and more finished space in the basement.

Taking these two sales and combining them with the previous ten months of Arista home sales to give us one year’s worth of data, the six and twelve month values are updated and show a very noticeable difference.

The sold price column will have Arista home owners jumping for joy. The six month average sold price is nearly ten percent higher than the twelve month average sold price. The six month median sold price is almost fifteen percent higher than the twelve month median sold price. Braemar Arista homes are sky rocketing in price.

Seller subsidy (closing cost help to buyer from seller) is at zero in both six month values and even the twelve month median. You have to go to the twelve month average to see anything at all. A glance at the Arista homes sold in the past year revealed that seller subsidy seems to have gone completely absent as of September last year. Buyers are having to come in with very few requests of sellers these days to get accepted in multiple offer situations.

Days on market shows the six month average and six month median both at two days. Not a big change in the median days on market when compared to the twelve month time frame. The twelve month average was about a week and a half. Homes are going super fast these days.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect it to be under contract in a matter of days after multiple offers and be confident you will give nothing in seller subsidy.

The next Braemar Property Value Report will be out in July. Until then, get in touch with me when a sale of your Braemar home is on the horizon. Any home will sell in a seller’s market, but well prepared and professionally marketed, your home would sell for even more than homes with little preparation and/or poor marketing. It still matters who you hire to list your home in this market. 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: January-February 2021 (Ryan Homes)

Braemar Property Value Report: January-February 2021 (Ryan Homes)

It’s been a dreary, drizzly day in Braemar today. Nonetheless, the real estate market is ticking right along. I’ve talked to two potential Braemar sellers and shown property to a Bristow buyer in search of a townhouse today. Our market seems completely oblivious to passing events like weather and even the pandemic.

In this edition of the Braemar Property Value Report the focus is on resales of houses built by Ryan Homes in our neighborhood. Our reporting period for sales is the first two months of the year. Let’s get right to it.

There was one Ryan home that sold during our current reporting period. The details of that sale are detailed below:

At first glance, I find it odd that a home would sell for anything less than list price during this frenzied seller’s market. Especially a home that was only the market for six days. Nonetheless, it wasn’t that far off of its list price. Taking this sale and combining it with the entire past twelve months of Ryan Home sales, the six and twelve month data points in this report are updated as seen below:

Everything looks completely as I would expect seeing the six month average and six month median sold prices above their respective twelve month values. This means that Ryan Homes in Braemar are continuing to increase in value.

The seller subsidy column is where we see how much closing cost help buyers were able to negotiate from Ryan Homes sellers in Braemar. Not surprisingly, the six month average seller subsidy has decreased significantly from the twelve month average. Meanwhile the six month median is at zero…quite a change from the $4,000 twelve month media seller subsidy. Buyers are having to go with more seller favored terms in their offers to get accepted in multiple offer situations lately.

Days on market shows single digits down the line, five being the highest. No analysis needed. Ryan Homes are selling FAST.

If you placed your Ryan Home in Braemar on the market, priced to current conditions, you could expect it to be under contract in less than a week. You could also expect multiple offers with buyers dropping many typical contingencies and seller subsidy requests in an effort to be chosen.

The next Braemar Property Value Report will be out in May. Until then, when the time comes to sell your Braemar home, find out what my unparalleled market knowledge and top notch marketing can do for you. Sadly, even in a seller’s market there are homeowners leaving money on the table. 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: January-February 2021 (NV Homes)

Braemar Property Value Report: January-February 2021 (NV Homes)

As usual, our transition from winter to spring has not been consistently in one direction. Warmer temperatures had us all ready to ditch our coats and shake off winter. Not so fast! Colder temperatures have arrived again. The one thing that has been consistently going in one direction is our Braemar real estate market. In this edition of the Braemar Property Value Report, I will examine the sales activity of houses built by NV Homes in our neighborhood during the months of January and February.

The first two months of the year yielded only one NV hgome sale in Braemar. The detail of that sale is listed below.

Taking this one sale and combining with the entire past twelve months of NV homes in Braemar, the six and twelve month data points are updated as reflected below:

Starting with the sold price column, it is great to see both the six month average and six month median sold prices higher than their respective twelve month values. This means NV homes in Braemar have been increasing in value. No surprise there from the seller’s market we have been experiencing.

In the seller subsidy column, I am surprised to see an increase in the amount of seller subsidy (closing cost help) from the twelve month average to six month average. In a seller’s market like ours, this is unusual. The six month median and twelve month median are more in line with what I expect to see in this market with intense buyer demand and limited inventory. More than half the sellers in both the six month and twelve month time frames gave nothing in closing cost help.

Days on market is also a column where we see unusual trends, inconsistent with a seller’s market. The six month average and six month median marketing times are higher than their respective twelve month values. Apparently there have been some NV homes that have lingered a little longer on the market . It certainly wasn’t the sale from this reporting period, which sold in four days.

If you placed your NV home on the market, priced to current conditions, you could expect it to be under contract in about a week. You could also expect to give nothing in seller subsidy as buyers compete to win your home in multiple offer situations.

The next Braemar Property Value Report will be out in May. Until then, if you are interested in selling your NV home, get in touch with me for a free consultation. It may be a seller’s market, you can still leave money on the table. My professional marketing and unparalleled market knowledge will create the buyer enthusiasm needed to squeeze the absolute maximum out of your home sale. 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: January-February 2021 (Heritage Series)

Braemar Property Value Report: January-February 2021 (Heritage Series)

Despite a little cooler temperatures today, it has been very pleasant outside. Having been out showing property all day, I can tell you that even more buyers are entering the market place as we thaw from winter to spring. Hopefully more sellers will too. In this edition of the Braemar Property Value Report we’ll look back at the activity from January and February and see how Heritage homes have been impacted by our frenzied seller’s market. 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.

In the first two months of the year, there were three Braemar Heritage homes that sold. The details of their sales are listed below.

Seeing a Yardley sold price get close to $600,000 is definitely something that is surprising. Seeing that same home selling for $26,000 over list price is not unusual in the current market. Buyer demand is so high that getting offers well over list price is becoming commonplace.

Taking the three sales from our current reporting period and combining them with the entire past twelve months of Heritage home sales, the six and twelve month data points update as seen below.

Starting with the sold price column, we find the six month average sold price is substantially higher than the twelve month average sold price. The six month median sold price is also higher than the twelve month median sold price. This means Braemar Heritage homes are continuing to increase in value in this seller’s market.

The seller subsidy column shows us how much closing cost assistance buyers were able to negotiate from their Braemar Heritage home sellers. The six month average seller subsidy is about thirty percent of the twelve month average seller subsidy. Meanwhile, it is not surprising to see that in the six and twelve month median values big fat zeros. That means more than half of the Braemar Heritage home sellers in both time frames gave absolutely nothing in closing cost help. Seller subsidy is a tough request when a buyer is faced with a multiple offer scenario.

Days on market shows single digits down the line. The six month average marketing time is half what the twelve month average marketing time was. The six and twelve month median marketing times are identical at five days. Homes are getting under contract fast!

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in four or five days. You could also expect multiple offers, thus making seller subsidy requests unlikely.

The next Braemar Property Value Report will be out in May. Until then, if you want to investigate the sale of your Braemar home in this seller’s market, get in touch with me for a free consultation. Just because homes are selling fast doesn’t mean all sellers are getting the maximum the market will allow. Buyer enthusiasm is what creates the momentum to go higher and with better terms. That starts with professional marketing and my unparalleled knowledge of the neighborhood. 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: January-February 2021 (Arista Series)

Braemar Property Value Report: January-February 2021 (Arista Series)

The new year in the Braemar real estate market was like flood gates opening. In this edition of the Braemar Property Value Report, detailing sales of the Arista Series homes, you will see for yourself what I mean. Braemar Arista homes include the Allister, Buckingham and Canterbury models by Brookfield Homes.

There were two Braemar Arista homes that closed in the first two months of the year. The sales prices are detailed below.

For starters, it is amazing to see both sold prices starting with a seven. It’s been a long time since that was common place. The flood of buyers is what has these two homes selling so high above their list prices. We are now in a market where buyers are waiving every conceivable contingency, including appraisal, just to secure a home. And the exercise of waiving appraisal is what makes our properties worth more money because these sales become comps for future sales.

Taking these sales and combining them with the entire past twelve months of Braemar Arista home sales, our six and twelve month data points are updated as seen below.

The sold price column shows incredible increases in the six month average and six month median above their respective twelve month values. Our market is experiencing a frenzy that is raising values very rapidly. Braemar home values are likely peaking this year.

Seller subsidy (closing cost assistance to buyers) is becoming extinct. You have to go to the twelve month average seller subsidy to even see a value higher than zero. In order to win in intense multiple offer situations, buyers are having to waive many things that used to be customary requests. Seller subsidy is one those.

Days on market is an unbelievable one day in both the six month average and median value. The highest value we have on this table is twelve days. Clearly, it is a remarkable time for sellers.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect to be under contract very quickly after multiple offers. You could also expect to give nothing in seller subsidy. You are also likely to have buyers needing no contingencies at all.

The next Braemar Property Value Report will be out in May. Until then, if you want to make the absolute max the market has to offer, professional marketing and neighborhood knowledge is going to get you even higher prices. 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: November-December 2020 (Ryan Homes)

Braemar Property Value Report: November-December 2020 (Ryan Homes)

The end of a very long week has arrived. This day alone has felt like three days with the amount of phone calls I am getting on a Gainesville single family home listing that hit the market this morning. Buyer demand is beyond belief. We’ll talk about it in this installment of the Braemar Property Value Report, focusing on sales activity of properties built by Ryan Homes in our neighborhood.

This report looks back to November and December for sales activity. There was no Ryan Home that sold in these months because none where on the market. Had they been, they would have been bowled over by buyers. Despite the lack of activity, however, we have updated six and twelve month data points for the Ryan Homes sales activity in 2020. It looks like this:

Starting with the sold price column, we see both the six month average and six month median values are higher than the twelve month average and median values. This means that in the most recent sales, Ryan Homes were still pushing up in value.

The seller subsidy column is where we find out how much closing cost help buyers were able to negotiate from their Ryan Home sellers. The six month average seller subsidy is well below the twelve month average seller subsidy. Meanwhile, the six month median is at zero from $5,000 at the twelve month median mark. What that zero six month median means is that more than half of Ryan Home sellers in the last six months have given nothing in closing cost help. That’s what I am seeing across the board as more buyers compete in multiple offer situations in Braemar.

Days on market is stable down the line. The six month average marketing time is only one day shorter than the already short twelve month average marketing time. The six month median and twelve month median marketing times are identical.

If you placed your Ryan Home on the market, priced to current conditions, you could expect it to be under contract in less than one week. You could also expect to pay nothing in closing cost help, given the way the market is gobbling up houses.

The next Braemar Property Value Report will be out in March. Until then, when the time comes to sell your Braemar home, call me for a free market analysis. My sellers do better than they expect with my professional marketing and unparalleled neighborhood knowledge. 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 2020 (NV Homes)

Braemar Property Value Report: November-December 2020 (NV Homes)

In my continuing quest to bring my fellow Braemar home owners the latest real estate market information pertaining to our neighborhood, I bring you this latest installment of the Braemar Property Value Report, focusing on sales of properties built by NV Homes. The reporting period will cover the last two months of 2020.

There were two NV Homes that sold between November and December. The details of those sales are listed below:

Given our intense buyer demand and very limited inventory, there are two things that stand out to me looking at those recent sales. The first is the high days on market for Marr Lodge. The second is the high seller subsidy for Chapeltown. Neither of these should be this inflated in a seller’s market, but seller complacency is starting to set in. One of these homes had absolutely unacceptable marketing photos, made worse by the fact that the home was not show ready…at least on picture day. The other had great marketing photos that displayed in high definition custom paint colors and finishes, and some possible wall paper, that the new owner would likely want to address in just about every room of the very large home. Rather than get either home in move-in ready condition, these sellers decided to let the seller’s market make it easy on them. Let’s see where that got us as we look at the updated six and twelve month value points for the entire year’s worth of NV Home sales.

Starting with the sold price column, we see that the six month average sold price has fallen below the twelve month average sold price. The same can be seen comparing the six month median sold price to the twelve month median sold price. This should not be happening in a seller’s market, but the less seller’s do to get their homes ready for market, the less buyers are going to be willing to pay.

When we get to the seller subsidy column we find out how much closing cost help NV Home buyers were able to negotiate from their sellers. The six month average seller subsidy more than doubled compared to the twelve month average. This is likely to the high closing cost help we see in one of the most recent sales. What I would expect to see in this seller’s market is displayed in the both median seller subsidy values. In both the six month and twelve month time frames, more than half of NV Home sellers gave nothing in closing cost help.

Finally, we get to days on market. It is not a good sign to see both the six month average and median marketing times having significantly lengthened compared to their respective twelve month values. Is it that demand for larger homes is cooling off, or that the seller complacency is biting sellers in these larger homes in the back side? Time will tell.

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in three to four weeks. You could also expect to give nothing in closing cost help if you presented a move-in ready home to the buyers in the marketplace, or priced your home to reflect the lack of projects done.

The next Braemar Property Value Report will be out in March. Until then, when the time comes to sell your Braemar home, I would love to show you how my professional marketing and unparalleled knowledge of our neighborhood marketplace can net you more money in the sale of your home. 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