Braemar Townhouse Report: September-October 2017
Can you believe tomorrow is the first day of December? The more holiday decorations I see going up around me, the more I realize I am not ready for the season. The year end real estate market in Braemar has been hopping. That’s been keeping me occupied and probably will be until next July. I just have that feeling.
This is the latest edition of the Braemar Townhouse Report, detailing sales of traditional townhouses in Braemar for the months of September and October. Did you know there were twelve townhouses that sold during those two months? The details of the sales are listed below:
When we take these sales and throw them into our rolling six and twelve month values, here is what we find:
The short term sold prices (six month) compared to the long term sold price (twelve month) show that Braemar townhouse values are continuing to push up in value. Seller subsidy (closing cost help to buyers) is down slightly, but it is really more stable than anything when you see the short term compared to the long term. And the marketing time could not be more stable.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in one to two weeks. You could also expect to pay an average of $3,700 in closing cost help.
The next Braemar Townhouse Report will be out in the New Year. Can’t wait that long to find out what the value of your Braemar townhouse may be worth? Give me a call. I’m working through the holidays…always. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®