Braemar Reflection Quarterly: April-June 2018 (2nd Quarter)
From the looks of the forecast for today, it seems as though we are going to have a really gorgeous summer day. Not too hot and not too humid. Hope you get out to enjoy something fun. Maybe some time at one of our two community pools in Braemar. Or a game of tennis at the under-utilized tennis courts. For me, the outdoor fun can start after I type up this latest edition of the Braemar Reflection Quarterly. It focuses on sales of the semi-attached single family homes on Tarvie Circle.
In the second quarter of 2018, there was only one Reflection home that sold. Details are below:
When we take this one sale and add It to our rolling twelve months of Reflection home sales, here’s what we get:
There is a lot of good news when we look at the six month data points and compare then with our twelve month data points. For starters, the six month average and median sold prices are higher then the twelve month average and median sold prices. The seller subsidy (closing cost help to buyers) is lower in the six month average and median values compared to the twelve month average and median seller subsidy. Finally, the marketing time (days on market) is one week in the six month average and median data points, which is slightly improved from the twelve month median, but drastically improved from the twelve month average.
If you placed your Braemar Reflection home on the market, priced to current conditions, you could reasonably expect it to be under contract in about a week. you could also expect to give about 1% of the sales price in closing cost help to your buyer.
The next Braemar Reflection Quarterly will be out in October. Until then, if you want to know how the current market conditions are affecting your home’s value, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®