Braemar Piggyback Quarterly: April-June 2017 (2nd Quarter)
Do you look forward to Friday? If you have a Monday through Friday job, I bet you do. Of course the kids enjoying their summer vacation (likely at the Braemar pools) are probably starting to lose track of what day of the week it is. From the eyes of this Braemar Real Estate Agent, Fridays are not a day that is distinguishable from most. Weekends are some of the busiest times a real estate agent encounters. Of course this Friday, I’m plugging away at my Braemar market reports. This one is the Braemar Piggyback Quarterly.
Before we get started, let’s clear up what we are talking about when we say piggyback. 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.
Unfortunately, there were no sales of Braemar Piggyback townhouses in the second quarter. That, however, does not mean I am not going to be able to give some updated value information. This is the exact reason I started adding rolling six month and twelve month values. So let’s see what the updated six month and twelve month values tell us.
The six month average and median sold prices (being the same value) are above the twelve month average and median sold prices. That’s good news. You want to see those shorter term numbers above the longer term numbers.
If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in about a month, maybe longer. Right now there are two Braemar Piggyback townhouses for sale that have been on the market from 35 to 41 days. There is yet another that went under contract in 35 days. You may also be lucky enough to pay no closing cost help to the buyer.
The next Braemar Piggyback Quarterly will be out in October. Until then, if you want to know how pending sales or current market conditions are affecting your specific home’s value, call me at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA