Braemar Patio Quarterly: April-June 2021 (2nd Quarter)
Another day, another quarterly Braemar property report. The Braemar Patio Quarterly focuses on sales of Patio homes in our neighborhood, also known as the two story quads. In this edition, the second quarter of 2021 is covered in detail, starting with the Patio homes sold.
There were three Braemar Patio homes that sold between April and June. All three had a main level bedroom and bathroom. Only one was less one full bathroom on the upper level. Details of all three sales are listed below:
Taking those three sales and combining them the previous three quarters of Patio home sales, the six and twelve month data points are updated as follows:
Starting with the sold price column we find that both the six month average and six month median sold prices are higher than their respective twelve month values. This means Braemar Patio homes have been continuing to gain value in our seller’s market.
In the seller subsidy column, we find out how much closing cost help buyers were able to negotiate from sellers. Both six month values showing zeros is not a surprise. And the only place we find something that isn’t zero is the twelve month average. One of ten Braemar Patio homes sold in the past twelve months gave $3,500 in seller subsidy. The other nine have not given anything. Buyers are having to make very strongs offers with few, if any, requests of the seller to be chosen in this seller’s market.
Days on market has been fast for the last year. The six month average actually ticked up one day compared to the twelve month average. Five or six days to sell a Braemar Patio home is super fast.
If you placed your Braemar Patio home on the market, priced to current conditions, you could expect to be under contract in less than one week. You could also expect to give nothing in closing cost help if your home is well prepared and ready for market.
The next Braemar Patio Quarterly will be out in October. Until then, if the need arises to sell your Braemar Patio home, get in touch with me. It continues to be a pleasure to help Braemar sellers get the maximum the market will allow, even a seller’s market, with the proper listing preparation and professional marketing. Since 2005, No One Knows Braemar Better!