Braemar Townhouse Report: March-April 2014
Hope everyone that wanted to was able to enjoy this grand opening weekend of the Braemar pools. I know the kids in the neighborhood are super excited about it, and a good number of adults too. Me, I’m far too pale to be out at the pool during the day. I enjoy our adult swim nights, but right now, it is time to go through another Braemar Townhouse Report. Let’s see what happened in March and April in terms of Braemar townhouse sales and what that meant to value.
All told, there were eight Braemar townhouses that sold. Final sale prices ranged from $250,000 to $295,000. The average of all eight sold prices gives us our new average property value for a Braemar townhouse of $270,625. If you follow this report consistently, you will note that is a huge difference compared to our last average value of $306,400, or over an 11.5% decrease since last report. Year to year, it’s a decrease of over 2.5%. So what’s going on? Well, I see on this particular report that the majority of townhouses that sold were smaller than those that sold last report. That makes a difference. And this is just an average. Doesn’t mean your specific Braemar townhouse lost over 11.5% in two months time.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in about three weeks. You could also expect a buyer to ask for an average of a little over 1% of the sales price in closing cost help.
The next Braemar Townhouse Report will be out in July and will detail sales from the months of May and June. Until then, if you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value. I’ve been a Braemar home owner and full-time Bristow Real Estate Agent since 2005. I can help you get your Braemar home sold quickly and for the maximum amount of money. No One Knows Braemar Better!
Please feel free to join my neighborhood Facebook group, BRAEMAR (Bristow,VA.) I started the group to have an easy access point for these online Braemar Property Value Reports. However, you can start any neighborhood conversation you like to there. When neighbors talk, good things happen. My favorite being connecting lost pets with their owners.
Chris Ann Cleland, Associate Broker-Licensed in VA
2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA
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)
NV Homes (single family homes built by NV Homes)
Ryan Homes (single family homes built by Ryan Homes)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)