Braemar Condo Quarterly: July-September 2017 (3rd Quarter)

Braemar Condo Quarterly: July-September 2017 (3rd Quarter)

While our minds are well into the end of the year, and the holidays that accompany this time of year, it is time for another Braemar Condo Quarterly report for the third quarter of 2017.  Let’s step back to the months of July, August and September and see what happened with Braemar condo sales.

There were three Braemar condos that sold in the third quarter.  The sales are detailed below:

Sold prices ranged from $238,000 to $264,900.  When we take these sales and update our rolling six month and twelve month data for Braemar condos, here is what we find:

Over the last year, we have had twelve Braemar condo sales.  And oddly enough, six of those sales make up our six month rolling data pool.  So on average, we are selling one Braemar condo a month.  And as you can see from the numbers above, Braemar condo values are remaining stable at about $250,000.  Unfortunately, as of today there is a Braemar condo for sale at $229,000.  That, coupled with the most recent sold price of $238,000, may mean that Braemar condos are starting to slip in value.

If you placed your Braemar condo on the market, you could expect it to be under contract in a little more than a week to nearly three weeks time.  You could also expect to pay around $3,500 to $4,000 in closing cost assistance to the buyer.

The next Braemar Condo Quarterly will be out in the new year.  Until then, if you need to sell your Braemar condo, give me a call.  I’ll share with you the pros and cons of listing now or waiting for spring.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

 

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Just Listed: Three Bedroom Condo with Garage for $240,000

10028 Lord Lovat Way, Listed for $240,000 on February 4, 2014Just Listed:  Three Bedroom Condo with Garage for $240,000

Townhouses and condos are considered completely different things by many people in Braemar.  Condos are not any particular type of architectural style.  They denote a type of ownership.  A group ownership.

This particular Braemar condo is a townhouse in design.   This time of year when ice and snow are part of our forecasts, buyers will love that it has a one car, attached garage.  Inside, on the main level you will find an open floor plan.  Enjoy a living-dining combo, or just one large living room as you step up onto the second level.  Who needs a dining room when they have a kitchen eat-in area sitting in front of a bay window view of evergreen trees?

 Eat-In Kitchen with Beautiful  Bay Window

The kitchen has the shiniest vinyl floors I have ever seen.  To say they are well kept is an understatement.  The kitchen’s biggest advantage is new appliances.  Of course every cook wants to know what the cooking surface is fueled by.  The cooks touring this kitchen will be delighted to see a gas range.

The Kitchen has New Appliance, which include a Gas Range

There are two bedrooms on the third, or uppermost, level of the condo.  The one considered the Master Suite has a private entrance to the only full bathroom on this level.  The other entrance to the bathroom is through the hall, where the second bedroom occupant would enter.  The laundry area, with a full size washer and dryer, is also located on this uppermost level.

Master Bedroom

The third bedroom is on the bottom level of the home.  While it is considered the basement, there is no part of this bottom level below ground.  The bedroom here has similar dimension to the bedrooms upstairs and has its own attached full bathroom.

There are a couple conveniences I did forget to mention:  the powder room on the main level and the built-in bookcase right off the living room.

Living Dining Combo is Being used as a Large Living Room

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037Perhaps the best thing about this particular Braemar condo is the location.  It is nestled behind evergreen trees in the front, giving cover from Iona Sound Drive, and has trees in the common area in the back.  And it is within a block of the Iona Sound pool and a couple of blocks of Braemar Park.

This Braemar condo won’t be on the market long, so if you want to see it, give me a call.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com