Braemar Condo Quarterly: July-September 2016
We are well into fall in Braemar. Driving to meet an appraiser in the neighborhood today, and admiring the brilliant foliage, I suddenly remembered that I had not prepared my Braemar third quarter market reports. Yikes! So without further delay, let’s get it to it in this edition of the Braemar Condo Quarterly.
The third quarter of 2016 was definitely slower than the third quarter of 2015 when it came to Braemar condo sales. Where six had sold during the third quarter of 2015, there was only one Braemar condo sale in the third quarter of 2016. The good news is that the only sale we are reporting here was for $255,000. That happened to be the high sold price from last year’s report. The highest price last quarter was $250,000. So even though it’s only one sale, it’s not bad news.
If you placed your Braemar condo on the market, priced to current conditions, you could expect it to be under contract in a little less than two weeks. You may also not have to pay any closing cost help to the buyer.
The next Braemar Condo Quarterly, will be out in January and focus on the fourth quarter of 2016, Until then, when it is time for you to sell your Braemar condo, give me a call for a free market analyis. Since 2005…No One Knows Braemar Better!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA