Braemar Townhouse Report: September-October 2016
This weekend after Thanksgiving, I have seen a lot of holiday decorations going up in Braemar. I’ve even seen some Christmas trees in windows. Just when you think the rapid approach of night is getting you down, holiday lights make it not just bearable, but happy. Let’s enjoy them while we can,
Right now, it is time for another Braemar Townhouse Report. This one will focus on sales activity from the months of September and October. So without further delay, let’s get to it.
There were eight Braemar townhouses that sold between September and October. Their sold prices ranged from $245,000 to $335,000. The reason for the large price range is the difference in size of these townhouses. Some may be two bedroom models with about 1400 square feet. Others may be three bedroom models at 2100 square feet. The average of all of the sales gives us our new average market value for Braemar townhouses of $293,913. That is a very small decrease in average value since last report (only $464 difference,) but an increase in average value of nearly 2% since last year.
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 twenty-three days. You could also expect to give nearly 2% of the sales price in closing cost help for the buyer.
The next Braemar Townhouse Report will be out in January and will focus on sales from November and December. Until then, when you are ready to sell your Braemar townhouse, give me a call for a free market analysis. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information System