Braemar Townhouse Report: July-August 2015
Only a couple days left in September. Hard to believe that we are about a month from Halloween. Summer seems to go by so quick, but I’m always happy to welcome fall. From a real estate perspective, it is like our second spring market. The fact that the Federal government’s fiscal year starts October 1st, creates demand near the end of the year in our housing market. New jobs may be created in the budget, or buyers get the bump up they need to be able to make a first time purchase. Whatever it is, I’m sure it will work well for my latest Braemar townhosue listing on Maitland Loop. For now, let’s take a look back at the last two months of summer and see what happened in the Braemar townhouse market.
There were fifteen Braemar townhouses that sold in July and August. Their sold prices ranged from $250,000 to $330,000. The average of all of them gives us our new average market value for Braemar townhouses–$$292,800. That is a decrease of 1.5% in average market value since last report, but a 1% increase in average market value since last year.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of twenty-three days. You could also expect a buyer to ask for an average of slightly more than 1.5% of the sales price in closing cost help.
The next Braemar Townhouse Report will be out in late November and will detail sales from September and October. In the meantime, when you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value. 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, neighborhood conversation is welcome there. When neighbors talk, good things happen. My favorite being reuniting lost pets with their owners.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)