Braemar Townhouse Report: November-December 2015
It is time for another Braemar Townhouse Report. This one will detail sales from the last two months of 2015. Of course, your immediate reaction might be that nothing happens in the last two months of the year with the holidays, but you would be wrong.
There were six Braemar townhouses that sold in November and December. The low sold price was $230,000. The high sold price was $310,000. Average all six and you get the new average market value for Braemar townhouses of $275,500. This new average market value is down 4.5% since last report, and down over 6.5% since last year.
If you placed your Braemar townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of about eight weeks. You could also expect to pay an average of 2.5% of the sales price in closing cost assistance to the buyer.
The next Braemar Townhouse Report will be out in late March and will detail sales from January and February. 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.)