Braemar Townhouse Report: May-June 2012
Having seen a lot of activity with my own Braemar townhouse listings recently, I know that this Braemar Townhouse Report is going to be one with good news. When reporting sales activity for Braemar townhouses we’ll divide sales into two categories: Townhouses with No Garage and Garage Townhouses.
To start, Townhouses with No Garage saw eight sales in the last two months. The highest sales price was $260,000. The lowest sales price was $210,000. The average of all eight sales gives us our new average market value for Townhouses with No Garage of $228,357. That’s down just over 1.5% since last report, but up nearly 13% since last year.
If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect it to be under contract in an average of just under two weeks. You could also expect a buyer to ask for an average of just under 2% of the sales price in closing cost assistance.
Garage Townhouses saw four sales in the last two months. The high sales price was $275,000. The low sales price was $265,000. The average of all four sales gives us our new average market value for Garage Townhouses of $269,325. That’s slightly more than a 1% increase since last report and well over a 20% increase since last year.
If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in under two weeks. You could expect a buyer to ask for an average of over 1.5% of the sales price in closing cost assistance.
The state of the Braemar Townhouse market is definitely strong. And values continue to improve. If you think you may want to investigate selling your Braemar townhouse, give me a call for a free market analysis of your specific home’s value in today’s market. 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 to my resume. No matter what your equity position, I can get your Braemar townhouse sold for the maximum amount of money, in the shortest period of time. No one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
You can see the most recent property values in Braemar by clicking the links below:
Arista Series (large single family homes built by Brookfield Homes)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Condo Quarterly (condos knowns as Barrhill at Inverness Village)