Braemar Townhouse Report: November-December 2016
What a week it has been! I feel like it’s May and I haven’t seen my husband or talked to my friends in days. That’s what happens when buyers and sellers come back out of hibernation. Even though we still have some winter ahead of us, the activity I am seeing tells me that now is the time to capitalize on Braemar buyers who are out and about. Right now, let’s go back to the last two months of 2016 for a look at the sales activity for Braemar townhouses in this edition of the Braemar Townhouse Report.
There were eight Braemar townhouses that sold between the beginning of November and end of December. Their prices ranged from $275,000 to $335,000. The average of all eight gives us our new average market value for Braemar townhouses of $310,475. That’s over a 5.5% increase since last report and over a 12.5% increase in average value 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 24 days. You could also expect to shell out an average of 2% of the sales price in closing cost help for your buyer.
The next Braemar Townhouse Report will be out in March and will focus on the first two months of 2017. Until then, if you want to get the jump on the spring market, call me for a free market analysis of your specific Braemar home’s worth. 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 Systems.