Braemar Townhouse Report: January-February 2018
Nothing like cutting it down to the wire. Being a Top Bristow Real Estate Agent, the best laid plans can go awry when you are dealing with multiple offers on listings during the week of Spring Break. Normally, I try to get all of my Braemar market reports out by the end of the odd months. Before I roll out for a family function, I am determined to keep my Braemar readers up to date with this Braemar Townhouse Report. Let’s get to it.
There were four Braemar townhouses that sold during the first two months of the year. Their sold prices ranged from $289,900 to $360,000. Details of these sales are below:
When we take these sales for the first two months of the year and add them into our bank of sales from the last twelve months, here’s what we find:
The six month average sold price is a little higher than the twelve month average sold price. This would indicate values are still pushing up. However, the six month median value is below the twelve month median. That would indicate values may be leveling out. Only time is going to tell what is happening with values. Meanwhile, the six month values in seller subsidy, compared to the twelve month values, shows buyers are getting more in closing cost help from sellers. And while this does show that marketing time is taking longer in the short-term, I’m here to tell you that we have very little inventory when it comes to Braemar townhouses and strong buyer demand. NOW, is the time to put your Braemar townhouse on the market. Waiting until school is out is essentially waiting for buyers to be on vacation.
The next Braemar Townhouse Report will be out in May. Until then, give me a call when you are ready to sell your townhouse. I’m seeing more and more out of the area agents under pricing homes because they don’t know the selling features, or demand, in our neighborhood. I promise not to under price your Braemar home. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®