Braemar Townhouse Report: September-October 2019
It is a good thing that I’m not an avid retail shopper. If I were, being under the weather on Black Friday would be torture. As it stands it is a rather convenient day for a Top Braemar Real Estate Agent to get sick because this is not a prime real estate day. What it is a great day for is to share with you my latest Braemar Townhouse Report. This one details the sales of traditional Braemar townhouses during the months of September and October. And in case you were wondering, a traditional townhouse is one that has three levels, is attached only on the side (s) and has a slight backyard.
There were ten Braemar townhouses that sold during our current reporting period. Sold prices ranged from $300,000 to $385,000. The details of all ten sales are listed below:
Taking all of these sales and combining them with the entire past twelve months of Braemar townhouse sales, our six and twelve month data points are updated as follows:
Starting with sold prices, it is great to see that both the six month average and six month median sold prices are above their respective twelve month values. This means that Braemar townhouse values are continuing to push up.
Unfortunately, we also see an across the board increase, though not dramatic, in the seller subsidy column. Seller subsidy is closing cost help that sellers give buyers in a sale. Both the six month average and six month median are higher than their respective twelve month values. This means Braemar townhouse buyers have been asking for, and receiving, more closing cost help from sellers.
When it comes to days on the market, there has been no change in marketing time from the six month median to the twelve month median values. Meanwhile, the six month marketing time is only one day shorter than the twelve month marketing time. Braemar townhouses are selling as fast as they have been the last year.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to take no more than four weeks to go under contract. You could also expect to pay about 1.5% of the sales price in closing cost help.
The next Braemar Townhouse Report will be out in January. Until then, I wish you every happiness this holiday season. Of course, if the need arises to sell your Braemar townhouse before the next report, don’t hesitate to call, text or email me. I sell homes for top dollar no matter the season. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate