The second quarter of 2015 is behind us and it is time to take a look back at the Braemar real estate market and see how our condo values did between April and June. With only one sale in the first quarter of 2015, things have to have picked up. So without further delay, let’s get to it.
Thankfully, there were a number of sales to report for the second quarter where Braemar condos are concerned. There were three sales. And oddly enough, all three sales were for the exact same amount: $250,000. That means an increase in average value of $100 since last report and no change in average value since last year.
If you placed your Braemar condo on the market, priced to current conditions, you could expect to be under contract an average of twenty-two days. You could also expect a buyer to ask for an average of about 2% of the sales price in closing cost help.
The next Braemar Condo Quarterly will cover the third quarter of 2015 and will be out in October. Until then, when you are ready to sell your Braemar condo, call me for a free market analysis. No One Knows Braemar Better!
And if you haven’t already, please join my Braemar Facebook group. You can find links to these reports and be involved in all kinds of neighborhood conversations.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)