Dunbarton Duplex Values: January-February 2016
When I began my real estate career in 2005, I also decided to start compiling bi-monthly property value reports for my neighborhood of Braemar. Over the years, I have added more reports so home owners of the various home types have an idea of what current property values are doing. For 2016, I am adding property value reports for Dunbarton. This is the first Dunbarton Duplex Value Report and will focus on sales of attached single family homes in Braemar’s Dunbarton for the first two months of the year.
There was only one duplex that sold in Dunbarton during the months of January and February. It was an Ayres model that listed for $300,000 and sold for $305,000. It had been listed prior to its foreclosure and was hard to tour as there were items all over the floors. Once it went to foreclosure, it didn’t last long. The sold price of $305,000 represents a decrease from the average market value of 4.5% since November and December. However, since there were no sales of Dunbarton duplexes in the first two months of 2015, we have no year to year comparison.
If you placed your Dunbarton duplex on the market, priced to current conditions, you could expect it to be under contract in about a week and a half. You may not even have to pay closing cost help to the buyer. This sale didn’t.
The next Dunbarton Duplex Report will be out in May and will focus on sales activity for March and April. Until then, when you are ready to sell your Dunbarton duplex, give me a call for a free market analysis of your specific home’s value. We can also go over my unique marketing plan that allows me to sell millions in Bristow real estate year after year.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
To see the Dunbarton Single Family Home Report for January-February 2016, click this link.
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)