Braemar Reflection Quarterly: January-March 2021 (1st Quarter)
Bringing up the rear of my Braemar quarterly market reports is the Braemar Reflection Quarterly for the first quarter of 2021. Reflection homes are single family homes located only off of Tarvie Circle and are attached to one neighboring home at the garage.
This report is going to be fairly quick. There were no sales of Braemar Reflection homes in the first quarter. And since during the last four quarters there were only two sales in the fourth quarter of 2020, our six and twelve month value points are identical when updated for this report.
Since all of our values are the same, let’s talk market generalities. Sold prices are climbing across the board. It’s not unusual for homes to be listed reasonably against recent homes sold and still get escalated seven to ten percent above list price with buyers waiving all contingencies.
Seller subsidy is no longer a consideration for any serious buyer looking to get under contract. Highest and best offers in multiple offers need to be clean and ask for nothing, including closing cost help, to even have a shot a winning.
Days on market is most definitely single digits unless you have over priced or been poorly marketed.
If you placed your Braemar Reflection home on the market, priced to current conditions, you could expect it to under contract in less than a week and have to give nothing in seller subsidy.
The next Braemar Reflection Quarterly will be out in July. Until then, if a sale of your Braemar home is in the near future, be in touch with me. Even in a seller’s market, you can leave money on the table. Buyer enthusiasm is gained by being well prepared and professionally marketed, and that’s what gets you the highest price. Since 2005, No One Knows Braemar Better!