Braemar Reflection Quarterly: July-September 2017 (3rd Quarter)

Braemar Reflection Quarterly: July-September 2017 (3rd Quarter)

Before I head out shopping this weekend, I am making sure I get all my Braemar quarterly market reports done.  This one, detailing what the third quarter meant for Braemar Reflection homes, is bringing up the rear.

Let’s clarify what defines a Braemar Reflection home.  These are the single family homes connected only at the rear load garage.  You will only find these homes on Tarvie Circle.

Because the Braemar Reflection homes make up such a small portion of the homes in the neighborhood, it is not surprising when we hit a quarter when there are no sales to report.  This is one of those times.

Even though there are no sales to report, the rolling six and twelve month data points can be updated as we removed the third quarter of 2016 from the mix.  Here is what we find in the updated numbers:

The good news is that most recent sale, which is the number we see in the six month sales price, is higher than that of the twelve month median and average.   The twelve month sales price numbers are a combination of that $440,000 sale and one at $404,000 that had an unfinished basement.

If you placed your Braemar Reflection home on the market, priced to current conditions, you could expect it to be under contract in about three weeks.  You could also expect that to pay about 1 1/2% of the sales price in closing cost help to your buyer.

The next Braemar Refelction Quarterly will be out in the new year.  Until then, if you have been thinking of selling your Braemar home, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®





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