Braemar Townhouse Report: September-October 2018
Bringing up the rear in this round of Braemar Property Value Reports is the Braemar Townhouse Report. My self-imposed deadline for getting each report online is the last day of the month, following the second month in the reporting period. So today is my deadline. Whew!
This Braemar Townhouse Report focuses on sales of traditional three level townhouses with a backyard in Braemar for the months of September and October. During that period, there were eight townhouse sales in Braemar. Sold prices ranged from $275,000 to 365,500. The details of those sales can be found below:
Taking these most recent sales and updating the last year’s worth of sales data of Braemar townhouses with them, we get new six and twelve month data points to look over. Here’s what we find:
Every Braemar townhouse owner’s first interest is naturally going to be the sold prices. The good news is that, even though it is by just a little, the six month average and median sold prices are both above the twelve month average and median sold prices. Braemar townhouse values are still inching up.
When it comes to seller subsidy (closing cost assistance to buyers), the six month average and median numbers show an increase over the twelve month average and median values. This means Braemar townhouse owners are giving more money in closing cost help.
Days on market, oddly enough, is unchanged whether you look at the average or median values from twelve months to six months. Selling a Braemar townhouse is not taking any longer, or happening any faster.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it be under contract in a little over a month. You could also expect to give nearly 1.5% of the sales price in closing cost help.
The next Braemar Townhouse Report will be out in January. Until then, if you would like to begin receiving this report emailed directly to you, send me an email at ChrisAnn@LNF.com. All I need is your property address and email address where you would like the report delivered.
Before the next report, if you find yourself needing to sell, give me a call for a free market analysis. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®