Are Braemar Single Family Homes Even Selling During the Pandemic?
The pandemic has definitely brought a lot of change and uncertainty to our lives. You may wonder how it is affecting our Braemar real estate market. Well, to answer that question, I am here to give you a tale of two Braemar homes.
On May 15th 9725 Kinloss Mews (pictured above) hit the market priced at $610,000. The market didn’t immediately go nuts, but in this upper price range, I never expect it too. However, the activity did build fairly quickly. There were a total of 24 showings before they received an offer on May 27th. The next day, they were under contract with mutually acceptable terms. I expected two weeks to get under contract for this one and 13 days is right on target.
I didn’t even get a chance to tell you about 9658 Granary Place. It hit the market as an active listing on May 26th priced at $485,000. That price point for a single family home in Braemar was like throwing chum in shark infested waters. It has two finished levels, an updated kitchen, bonus room in master suite and a blank slate to finish the walk up level basement. It had 21 appointments in 2 days!! Once we had 5 offers in hand, we flipped the listing to temporarily off the market to stop the insanity. There are only so many buyers you need to disappoint when in a multiple offer situation.
Without a doubt, our Braemar real estate market is favoring sellers. With the expansion of Micron in Manassas bringing thousands of jobs to our back yard, having the Federal government as our primary economic force and mortgage interest rates still at historic lows, there is no end in sight to these conditions. If you want to sell your Braemar home, give me a call. I’ll get you top dollar with my top notch marketing and keep you safe during showings with COVID precautions. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate