Braemar Townhouse Report: July-August 2016
Gray fall days in Braemar make you want to stay inside and drink pumpkin spice coffee and read a good book. Gray days for this Braemar Real Estate Agent are great days to type up market reports. This particular Braemar Townhouse Report will focus on sales between the months of July and August in our neighborhood. Let’s dive right in and see what happened.
Between the beginning of July and end of August there were eleven Braemar townhouses that sold. The high sold price was $335,000 and the low sold price was $273,000. When you average all eleven sales, you come to the new average market value for Braemar townhouses of $294,377. Compared to last report, that means a loss of 3.5% in average value. Compared to last year, it is an uptick in average value of 1/2%. That year to year comparison is showing a stable market value.
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 just over one week. You could also expect a buyer to request an average of about 1% of the sales price in closing cost help. Not one single Braemar townhouse seller avoided giving closing cost help. They each gave something.
The next Braemar Townhouse Report will be out in 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!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)