Braemar Patio Quarterly: July-September 2017 (Third Quarter)

Braemar Patio Quarterly: July-September 2017 (Third Quarter)

If you own a Braemar Patio home, perhaps you have been wondering where the third quarter report for homes like yours has been.  I am sorry for the delay.  The fall market in Braemar picked up and my market reports got lost in the shuffle.  However, this long holiday weekend is a great time to get you up to date on what’s been happening with Braemar Patio homes.

For starters, a Braemar Patio home is also know as a quad.  They are the two level homes, attached on two sides and one corner. All of them have a one car garage.  Above is an example of a Braemar Patio home.

During the months that make up the third quarter of 2017, there were no sales of Braemar Patio homes.  Makes giving you new information impossible.  However, we can look back at what our rolling six and twelve month data points tell us now that the third quarter of 2016 has dropped off.

The six month average and median value at $320,000 is definitely higher than the twelve month values.  Seller subsidy average and median is nearly the same in all data points at $5,000, or close to that.  And days on market are low.  Even the highest days on market represented here is eleven days.  That’s the twelve month average marketing time.

If you placed your Braemar Patio home on the market, priced to current conditions, you could expect that it would be under contract in under a week, possibly as long as two weeks.  You could also expect to shell out about $5,000 in seller subsidy (closing cost assistance to your buyer.)

The next Braemar Patio Quarterly will be out in the new year.  Until then, when you are ready to sell your Braemar Patio home, give this neighborhood expert a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®



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