Braemar Townhouse Report: May-June 2017
Not every agent that sells real estate in Braemar, keeps their finger on the pulse of the market. One of the things I love about doing my Braemar market reports is that it keeps me informed of our neighborhood market to keep YOU informed about it. And doing these reports since 2005 has really helped me understand what makes our neighborhood real market tick. That knowledge I have acquired through constant compiling of Braemar real estate data makes selling my Braemar listings that much faster and more profitable for my sellers.
This particular report is the Braemar Townhouse Report. In it, I break down the sales of traditional townhouses in Braemar for the months of May and June. And just to clarify what a traditional townhouse is, it is one with three levels, a backyard and is NOT condo ownership.
There were twenty-one Braemar townhouses sold in the last two months. Their sold prices ranged from $280,000 to $359,900. Each sale is detailed below:
When we combine these most recent Braemar townhouse sales with our rolling six month and twelve month value data points, this is what we find:
Both the six month median and average sold prices are above their twelve month counterparts. This means values of Braemar townhouses are going up. More good news is that seller subsidy (closing cost assistance to a buyer) has gone down from the twelve month median and average values, to the respective six month values. Even marketing time in the six month values has come down ever so slightly.
If you placed your Braemar townhouse on the market, priced to current conditions, you could reasonably expect it to be under contract in one to two weeks. You could also expect to pay about one percent of the sales prices in closing cost help to your buyer.
The next Braemar Townhouse Report will be out in late September. At that point we will be looking at activity from the months of July and August. Until then, if you want to know how recent sales have affected your specific Braemar townhouse, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA