Braemar Property Values:  March-April 2013 (Heritage Series)

The sunny spring days are making it hard to concentrate on work.  Nonetheless, that is what I must do as it's time to roll out another Braemar Property Value Report detailing sales of homes in the Heritage Series from March and April.   If you don't already know, Heritage Series homes in Braemar are mid-sized single family homes with attached two car garages and include the following floor plans:  Exeter, Yardley, Zachery and Waverly.

During the months of March and April, there were five resales of Braemar Heritage Series homes.  The high sold price was $440,000 from a Yardley with four bedrooms and three and a half bathrooms.  The low sold price was $367,000 from an Exeter with four bedrooms and two and a half bathrooms.  The averages of all five sales give us our new average market value for Braemar Heritage Series homes of $417,400.  That's a 4% increase since last report and over a 17.% increase since last year.  

If you placed your Braemar Heritage Series home on the market, priced to market conditions, you could expect it to be under contract in about one month.  You could also expect a buyer to ask for an average of 1/2% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in July and will detail sales from the months of May and June.  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!

Chris Ann Cleland, Associate Broker-Licensed in VA, 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 Systems.)

Braemar Property Values:  March-April 2013 (Courtyard Series)

It is hard to concentrate on a beautiful spring day with the sun shining in my office window.  I'll take the sun over the rain any day.  And despite the way that sun is winking at me, I am here to bring you the latest real estate activity for Braemar Courtyard homes from the months of March and April.  In case you are unfamiliar, a Braemar Courtyard home is one of three different models that share a private courtyard driveway and have very small yards.  Models include the Arlington, Ballston and Clarendon.

There was only one sale of a Braemar Courtyard home during the months of March and April.  If you've been following this report for any length of time, you know that one sale is not unusual given the small number of Courtyard homes in Braemar.  In fact, one sale is better than none, which is often what we see.  This particular sale was a three bedroom, two and a half bathroom Ballston model for $315,000.  That sold price was $16,000 above its asking price.  With only one sold price, we simply make that our new average market value for Braemar Courtyard homes.  Unfortunately, that new value is nearly a 5% decrease since last report and a 5.5% decrease since last year.  None of this should have a Braemar Courtyard home owner distressed.  I have seen some of the upcoming Courtyard home sales.  As we've found through tracking values since 2005, more than any type of Braemar home, these Courtyard values fluctuate a lot.

If you placed your Braemar Courtyard home on the market, priced to current market conditions, you could expect it to be under contract in about one month.   You could also expect a buyer to ask for an average of 3% 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 home, give me a call for a free market analysis.  I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money.  And remember, no one knows Braemar better!

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

703-402-0037, www.NVARealEstate.net, www.SellingBraemar.com

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

Braemar Property Values:  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 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 Maplewood, Norwood, Oakdale 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.

If 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.com, www.SellingBraemar.com, www.NVARealEstate.net

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

Braemar Property Values:  March-April 2013 (Arista Series)

Spring time hit Braemar and the surrounding Bristow area with what felt, and still feels, like buckets of rain.  It is great for the lawns and other plants, but I would love to see some more sun.  The cloudy and rainy days seem to be outnumbering the sunny ones.  Of course, the weather, be it good or bad, really doesn't seem to ever affect the Braemar real estate market.  In this report, we'll look back at March and April's sales activity for larger single family homes in Braemar known as the Arista Series.  These include the Allister, Buckingham and Canterbury models built by Brookfield Homes.

There were two resales of Arista Series homes over the last two months.  There were both Canterburys, which are the most popular home choice of the Arista Series i Braemar.  The high sold price was $500,000 on a five bedroom, four and a half bathroom Canterbury.  The low sold price was $451,000 on a four bedroom, three and a half bathroom Canterbury.  The average of their sold prices gives us our new average market value in the Arista Series of $475,500.  That is an increase of over 18.5% since last report, and not surprising since last report's sale was a very modest Allister and not representative of most Arista homes that are located in Braemar.  And since there weren't any sales in March or April 2012, we have no year to year comparison.  

If you placed your Allister, Buckingham or Canterbury model home at the market, priced to current market conditions, you could expect it to be under contract in an an average of just over three weeks.  And since neither of the Canterburys that sold in March or April gave any closing cost help, it is safe to say that the buyer competition for the limited amount of homes for sale may amount to more and more sellers not giving any closing cost assistance.

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 home, call me 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'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.com, www.SellingBraemar.com, www.NVARealEstate.net

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

Townhome Supply Report -Braemar - Bristow, VA –  May 2013

        Braemar Townhomes MLS Search

Currently there are 14 Townhomes listed for sale in Braemar in May 2013.

• 0 Foreclosures (0% of current homes)
• 5 Short Sales aka Preforeclosure (36% of current homes)
• 9 Resales (64% of current homes)

Based on current average Townhomes sold in Braemar per month we currently have a 3.29 month home supply. This is a 0.85 increase from April.

If you have been waiting to put your home on the market now is a great time with inventory levels so low. For a free market evaluation of your home CLICK HERE.

Looking to Buy? With the right agent you can get a great home from the current available Braemar Townhomes.

All the real estate information you need right at your fingertips. Download my IPhone/Android app today!

Linda Coffey, Realtor®
Long & Foster Realtors

7526 Limestone Drive
Gainesville, VA 20155

Licensed in the Commonwealth of Virginia

(703) 973-2676

LCoffey@LNF.com

Has the Market Stabilized in Your Area? Get a Free Market Report to Find Out!

Bristow, VA - Homes For Sale - Braemar Home Supply Report - May 2013

Bristow VA MLS Search Online                 

Currently there are 22 Single Family Homes listed for sale in Braemar in May 2013. 

• 0 Foreclosures (0% of current homes)
• 8 Short Sales aka Preforeclosure (36% of current homes)
• 14 Resales (64% of current homes)

Based on current average homes sold in Braemar per month we currently have a 3.30 month home supply. This is a 0.74 month increase from April.

If you have been waiting to put your home on the market now is a great time with inventory levels so low. For a free market evaluation of your home CLICK HERE.

Looking to Buy? With the right agent you can get a great home from the current available inventory of Braemar Homes.

Linda Coffey, Realtor®
Long & Foster Realtors

7526 Limestone Drive
Gainesville, VA 20155

Licensed in the Commonwealth of Virginia

(703) 973-2676

LCoffey@LNF.com

 All the real estate information you need right at your fingertips. Download my IPhone/Android app today!