Braemar Piggyback & Patio Quarterly: July-September 2016
It is time for another Braemar Piggyback & Patio Quarterly. In case you aren’t familiar with these types of home styles, Braemar Piggyback Townhouses are attached side-to-side and back-to-back. While they do not offer back yards, they offer large bedrooms and a two car garage. Braemar Patio Homes are also known as quads. Each is attached at the side, back and corner to another Patio Home. They have two levels, also offering large bedrooms and a modest side yard.
PIGGYBACK
There were five piggyback townhouses that sold in the third quarter of 2016. That’s four more than last quarter and two more than we saw last year. The average of all five sales gives us our new average market value of $303,800. That is over a 10.5% increase in average value since last quarter and a 3.5% increase in average value since last year.
If you placed your Braemar Piggyback townhome on the market, priced to current conditions, you could expect it to be under contract in an average of 18 days. You could also expect to pay an average of 2.5% of the sales price in closing cost help to the buyer.
PATIO
There were five patio homes that sold in the third quarter this year. That’s three more than last quarter and one less than last year. The average of all five sales gives us our new average market value for Braemar patio homes of $304,800. That’s an increase of over 2.5% in average value since last quarter and an increase of 1% of average value since last year.
If you placed your Braemar Patio home on the market, priced to current conditions, you could expect it to be under contract in just under one month. You could also expect to pay an average of about 1.5% of the sales price in closing cost help to the buyer.
The next Braemar Piggyback & Patio Quarterly will be out in January and will details sales from the fourth quarter. Until then, when it is time to sell your Braemar home, give me a call for a free market analysis. Since 2005…No One Knows Braemar Better!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
703-402-0037, ChrisAnn@LNF.com
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