Braemar Condo Quarterly: January-March 2013
There has been a lot of real estate activity in Braemar since the calendar rolled over to 2013 and it has kept me quite busy. I’m ashamed to say that it wasn’t until I received a call from a Braemar condo owner looking to sell this summer that I realized I had never published the first quarter stats for Braemar condo resales when March came to a close. Well, there’s no time like the present, so let’s get to it.
Like the last quarter of 2012, there were only two resales of Braemar condos in the first quarter of 2013. The high sales price of $243,000 (wow) went to a three bedroom, two and a half bathroom, one car garage condo. The low sales price of $195,000 went to a three bedroom, three and a half bathroom condo with no garage. The average of their two sales prices gives us our new average market value for Braemar condos of $219,000. That’s nearly a 17% increase since last report. And since there weren’t any Braemar condo resales in the first quarter of 2012, well, we are definitely making some serious progress.
If you placed your Braemar condo on the market, priced to current market conditions, this report indicates your home would be under contract in one week. It also indicates that buyers are getting an average of almost 1.5% of the sales price in closing cost help from Braemar condo sellers.
The next Braemar Condo Quarterly will be out in July and will detail sales from the second quarter of 2013. Until then, if you are contemplating the sale of your Braemar condo, call me for a free market analysis of your specific condo’s value. I’ve been a full-time real estate agent and Braemar resident since 2005. I’ve also been a Braemar Short Sale Agent since 2007. No matter what your equity position, I can get you the most amount of money for your Braemar condo in the shortest amount 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)
Townhouse Report (traditional townhouses with small back yards)