Braemar Reflection Quarterly: January-March 2019 (1st Quarter)
Having a Braemar Reflection listing currently under contract at 9684 Tarvie, I was really curious to see the latest data in this edition of Braemar Reflection Quarterly. And I have to say, some things don’t match up with my recent experience. So let’s get to it, the 1st Quarter edition of the Braemar Reflection Quarterly, featuring sales of the semi-detached homes located on Tarvie Circle.
There was one Braemar Reflection home that sold during the 1st Quarter of 2019. The details of that sale are below:
Taking this sale and combining it with the previous three quarters, six and twelve month data points are updated, and they look like this:
Turns out the sale in the 1st Quarter was the only sale in the previous six months. The good news is that the $455,000 sold price is higher than the twelve month average and median sold prices. And knowing what is coming down the pike at 9684 Tarvie, I can tell you that values are still going to be climbing.
The seller subsidy, or closing cost assistance values, are about the same compared to the most recent sale vs. the twelve month average and median. Buyers are obviously still in need of, or simply expecting, closing cost help to buy a property like a Braemar Reflection home.
Finally, days on market (marketing time) took a lot longer in the most recent sale reported in the 1st Quarter compared to the previous twelve months average and median marketing times. Even my own listing at 9684 Tarvie was under contract in a matter of days. Not sure what to make of this, but time will tell.
If you placed your Braemar Reflection home on the market, priced to current conditions, this report would have you believe it would take nearly four months (worst case,) or a couple weeks (best case) to get your home under contract. Again, I have to defer to my well trained Braemar Real Estate gut and tell you that my most recent listing at 9684 Tarvie was under in only a handful of DAYS. You could also expect to pay about $9,000 in closing cost help.
The next Braemar Reflection Quarterly will be out in July. Until then, if you are thinking it is time to sell your Braemar Reflection home, give me a call for fast and profitable results. You only get to sell your Braemar home once. Don’t leave it to an agent who has no idea of the value of what they are selling, or who is in the market for it. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate