Braemar Townhouse Report: January-February 2017

Braemar Townhouse Report: January-February 2017

Been wondering what your Braemar townhouse is worth?  Well, this edition of the Braemar Townhouse Report is sure to help get in the ball park of your townhome’s value.  In this report, we are looking back to the first two months of 2017.

Between January and February there were three Braemar townhouses that sold.  Details of those sales are shown below.

Three sales aren’t very many for a two month period when it comes to Braemar townhouse sales.  Simply put, there just weren’t any others on the market.  Hence the low marketing time (DOM.)  And there is no doubt that some of these townhouses likely faced multiple offers.  Let’s see how the sales detailed above jive with the six and twelve month average and median values.

All but one of the sales are well above the six and twelve month average and median sales prices.  The closing cost assistance (seller subsidy) in two of the three cases are well below the average and median values.  Best news yet, the marketing time in all three sales are lower than even the lowest marketing time, found in the twelve month mediam marketing time.

When comparing the six month sales prices to the twelve month prices, we see a tick up in average value, but median value remaining steady.  My Braemar real estate gut is telling me that our townhouse values are on the rise.  By next report, I expect to see a larger difference in the six and twelve month values.

If you placed your Braemar townhouse on the market, priced to current conditions, you would likely be under contract in about a week or less.  And hopefully, the trend of lower seller subsidy continues.  Worst case, from the six month median value, you could expect to give just under $6,000 in closing cost assistance.

The next Braemar Townhouse Report will be out in May.  At that point in time, we’ll be able to throw in the sales data from March and April and see how things are looking.  Until then, give me a call for the best results when selling your Braemar townhouse.  Since 2005, No One Knows Braemar Better.

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Piggyback & Patio Quarterly: July-September 2016

Braemar Piggyback & Patio Quarterly:  July-September 2016

It is time for another Braemar Piggyback & Patio Quarterly.  In case you aren’t familiar with these types of home styles, Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  Braemar Patio Homes are also known as quads.  Each is attached at the side, back and corner to another Patio Home.  They have two levels, also offering large bedrooms and a modest side yard.

Braemar Piggyback TownhousePIGGYBACK

There were five piggyback townhouses that sold in the third quarter of 2016.  That’s four more than last quarter and two more than we saw last year.  The average of all five sales gives us our new average market value of $303,800.  That is over a 10.5% increase in average value since last quarter and a 3.5% increase in average value since last year.piggyback-3q-2016-really

If you placed your Braemar Piggyback townhome on the market, priced to current conditions, you could expect it to be under contract in an average of 18 days.  You could also expect to pay an average of 2.5% of the sales price in closing cost help to the buyer.

Braemar Patio HomePATIO

There were five patio homes that sold in the third quarter this year.  That’s three more than last quarter and one less than last year.  The average of all five sales gives us our new average market value for Braemar patio homes of $304,800.  That’s an increase of over 2.5% in average value since last quarter and an increase of 1% of average value since last year.

patio-3q-2016-really

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Patio home on the market, priced to current conditions, you could expect it to be under contract in just under one month.  You could also expect to pay an average of about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Piggyback & Patio Quarterly will be out in January and will details sales from the fourth quarter.  Until then, when it is time to sell your Braemar home, give me a call for a free market analysis.  Since 2005…No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.UncompromisingValues.com