Broadlands Home Prices Report August 2013

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Prepared by:

The OBrien Advantage Team

Caren OBrien, Realtor Michael OBrien, Realtor

571-293-0022

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Heres Your Report!

Dear Friend, Heres your Broadlands Homes Prices Report which includes a summary of all homes for sale and sold in the last 3 months in Broadlands, VA. This report will give you a general idea of what homes like yours (at least from the outside) are selling for today. As you probably know, there can be a tremendous variation in what identical homes sell for even on the same street! So please take this report with a small note of caution. The value of a home depends on factors besides just housing type and number of bedrooms. Things like market supply and demand factors, square footage, overall conditions, upgrades, lot size and specific location are just some of the other key factors involved. A real estate consultant like our team would be able to help you sort through these influences on value and keep you safe when its time to sell your home. Our intention was to create an easy-to-read report, full of valuable information about what a typical home sells for in Loudoun provided as a free community service to local residents. Dont forget to tell your neighbors about our website, BroadlandsHomeReport.com, so they can request their own FREE copy of this information which is updated every month! Enjoy! Your neighbors,

Caren and Michael OBrien Keller Williams BroadlandsPriceReport.com 571-293-0022

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Above is a quick table that compares the monthly average sales price from 2012 2013 by month. A few points to note Major spike in average home prices in January and June but this is mainly related to the housing type mix sold in the month (townhome/sfh) There has been a slight trending increase in home prices year over year as outlined in the average sales price chart above. o This is due to the overall volume of sales in the community and the mix between townhomes and detached home sales

A better view is to split the townhome from the single family home when comparing home prices and the overall trending.

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Positive trends showing in the townhome average sale price in 2013. For each of the eight months of the year, the average sale price has been higher than in 2012. And for the detached home sales, weve had strong showing in every month for average home sales with the exception of March. Two factors helping this years sales has obviously been the recovering economy along with continued low interest rates. With rates increasing slightly, we will see how this impacts home sales in the coming months.

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Broadlands Home Sales

Below is a summary of the homes sales counts by month from 2010 2013. As you can see the best months that homes sell in this area begin in April and go fairly strong thru June.

Below are summary tables of overall sales the last 11 months for Broadlands. For August the main metric that tells me seller market is strong is the average list price once again at 100% Overall the inventory is low in the Broadlands community which is spiking the demand but we see in August an increase in the new listings.

Broadlands - Overall
Month Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sales 9 9 13 6 7 12 15 22 16 16 15 New Listings 16 7 8 8 22 24 6 10 7 17 14 Avg Price 464,400 487,644 480,223 565,150 506,000 433,375 520,563 477,661 583,106 593,000 508,587 Median Price 480,000 479,900 485,000 599,450 435,000 419,250 534,000 435,200 595,000 577,500 505,000 Avg % List 99% 99% 99% 99% 99% 99% 99% 99% 100% 100% 100% Avg Days on Market 11 23 54 28 49 24 20 21 6 16 17

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Here is the summary broken out between townhomes and detached homes. As you can see, the last three months both townhomes and detached homes have seen average list price to final close price at 100%. Because of the strong detached homes sales trends, weve seen a pick-up in new listings in the Broadlands the last few months with 22 new listings in July & August.

Note that one part of the Broadlands market can be doing something totally different than another, so its important to remember that its your SPECIFIC type of home that has its OWN market that may have nothing at all to do with these numbers. It is good to look at these numbers as compared to the rest of the year and the previous month to get clues about the overall market trending. What we have seen are homes are selling for what they are listed for and that homes are selling fairly quickly.

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Broadlands Home Sales

Last 6 Months March 2013 August 2013
(click on the above link)

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Currently Available Homes

As of September 1, 2013
(click on the above link)

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams

Here Are Three Easy Next Steps.

You've made a smart decision to request the Broadlands House Prices Report. With this information, youll have a basic idea about what your home might sell for if you decide to put it on the market in the next few months.

Here are 3 FREE services you may want to take advantage of right now:
First, is our FREE Pin-Point Price Analysis, where I can take a closer look at your house and prepare a very specific price for your home. This price will be much more precise than the general range Ive included here and we can guarantee in writing to sell your house when listed at the Pin-Point Price in less than 60 days. Second, is our FREE Room-by-Room Review, where I make specific recommendations about which fix-ups or improvements you should (and shouldnt) do to prepare your home for sale. Ill point out the lowest cost, highest return improvements you can make to help sell your house quickly and for more money. Third learn about our FREE How To Sell Your Home For Top Dollar Fast! booklet. If you're going to sell your house in the next 6-12 months, what you do right now could mean a difference of thousands of dollars. (Especially if you're buying another home). These 3 services are free, each takes less than an hour, and we can arrange a time in the evening or Saturday, whatever is most convenient for you. Take a look at the information Ive included here, then either call us at (571) 293-0022 or send me an email at mobriend@gmail.com and well schedule a time to get together. Best wishes,

Not intended to solicit clients currently under contract with another Realtor. Caren & Michael OBrien, Real Estate Consultants, Keller Williams