Braemar Patio Quarterly: April-June 2018 (2nd Quarter)
Welcome to another Braemar Patio Quarterly. This one details the sold patio homes in Braemar during the second quarter of the year. Without further delay, let’s get right to it.
There were two Braemar Patio homes that sold in the second quarter. Their final sold prices ranged from $344,900 to $355,000. Details of the sales are listed below.
When we take these two sales and add them to our rolling year’s worth of Braemar Patio home sales, here is what we find:
When we take a look at how these most recent sales of Braemar Patio homes change our six month average and median sold price, compared to the twelve month average and median sold prices, we find that in the more recent six month values, Braemar Patio homes are slightly higher in value than the twelve month values. The time it takes to sell a Braemar Patio home hasn’t changed much, but the six month average seller subsidy (closing cost assistance to buyers) is about $1,300 lower than it was in the twelve month average seller subsidy. This is all good news for Braemar Patio home owners.
If you placed your Braemar Patio home on the market, priced to current market conditions, you could expect it to be under contract in less than a week. You might also set your expectations that a buyer may expect a little less than 1% of the sales price in closing cost help.
The next Braemar Patio Quarterly will be out in October and will include my most recent Braemar Patio home sale at 9826 Earls Ferry Circle. It’s still a tad early to tell you what our final sold price will be since we don’t close until July 18th. Until then, if you want to know how these most recent sales are affecting your Braemar Patio home’s value, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®