Braemar Townhouse Report: September-October 2015
If you ever thought there was a bad time of year to sell a townhouse in Braemar, this Braemar Townhouse Report will likely open your eyes to the possibilities of the fall market. In this report we look back to sales of Braemar townhouses in September and October. So without further delay, let’s get to it.
There were eleven Braemar townhouses that sold between the beginning of September and the end of October. The low sold price was $250,950 and the high sold price was $320,000. That’s quite a range, but there is a lot of variety of size when it comes to buying a Braemar townhouse. The average of all eleven sales gives us our new average market value for a Braemar townhouse of $288,523. That is a 1.5% decrease in average market value since last report, but an increase of 3.5% in average market value since last year.
If you placed your Braemar townhome on the market, priced to current conditions, you could expect it to be under contract in about one month’s time. You could expect to contribute an average of about 1% of the sales price to the buyer’s closing costs.
The next Braemar Townhouse Report will be out in late January and will detail sales from November and December. 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!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)