Braemar Piggyback Quarterly: July-September 2018 (3rd Quarter)

Braemar Piggyback Quarterly: July-September 2018 (3rd Quarter)

It is time for another Braemar Piggyback Quarterly, detailing sales of Braemar Piggyback townhouses in the third quarter of 2018.  If you are wondering what a piggyback townhosue is, they are not only attached on the sides, but along the back too.  They have no back yards, like traditional townhouses, but have larger bedrooms than a traditional townhouse.  They also have two car garages.

There was one Piggyback townhouse that sold during the third quarter.  Details are below:

That sale alone doesn’t tell us much.  When we take this sale and put it in with the last year of Braemar Piggyback townhouse sales, we do get a chance to look at six and twelve month data points.  Current trends are found in the six month data points compared to the twelve month data points.  These are the current six and twelve month average and median values for Braemar Piggyback townhouses.

For starters, the most recent sale is well above the six month average and median sold prices.  That’s great news.  For trends, the six month average and median sold prices are higher than the twelve month average and median sold prices.   That means values of Braemar Piggyback townhouse are still pushing up.

When it comes to seller subsidy (closing cost assistance to buyers) the six month average is about the same as the twelve month average.  The six month median is a little lower than the twelve month median.  Right now, it seems Braemar buyers are still expecting closing cost help.  And the most recent sale would indicate it could be worse than the average or medians above.

The days on market (marketing time) has increased a little in the six month average compared to the twelve month average.  However, there is a larger increase in the six month median compared to the twelve month median.  Seems it is taking longer to sell Braemar Piggyback townhouses.

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 or a month and a half.  You could also expect to pay about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Piggyback Quarterly will be out in January.  Until then, don’t count our fall market.  If you want to know what your home is worth right now, give me a call at 703-4002-0037.  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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Braemar Piggyback & Patio Quarterly: January-March 2014

Braemar Piggyback & Patio Quarterly:  January-March 2014

In all the market reports I have prepared for Braemar since 2005, I realize that I have not focused on piggyback townhouses or patio homes.  These are truly unique homes and definitely can not be compared to other townhouses in Braemar.  When a buyer pictures a townhouse, they want a backyard.  The piggyback townhouses do not offer a back yard at all.  But they do offer a two car garage.  The patio homes, meanwhile, offer a modest side yard but are only two levels.

For this very first Piggyback & Patio Quarterly, we will look at sales for each of these homes and see where their values are falling out.

Piggyback Townhouse in BraemarPIGGYBACK

In the first quarter of 2014, there was one piggyback townhouse that sold.  It sold for $306,000, whihc was over its list price of $299,999.  There will be a lot more information for the second quarter as there are currently two piggyback townhouses under contract, ranging in their list prices from $279,900 to $305,990.

Braemar Piggyback Townhouse Values:  1st Quarter 2014

If you placed your Braemar piggyback townhouse on the market, this report indicates it would be under contract in 3 days and you would pay an average of $1,900 in closing cost assistance to the buyer.

Braemar Patio HomePATIO

While I would love to bring news of patio home values in Braemar, there wasn’t even one that sold in the first quarter of 2014.  Hopefully we’ll have something for the second quarter.  When comps were pulled for this report, there were none on the market, but the spring market is just beginning.

Braemar Patio Home Values: 1st Quarter 2014

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037The next Braemar Piggyback & Patio Quarterly will cover the second quarter of 2014 and will be out in July.  Until then, if you are thinking of selling your Braemar home, call me for a free market analysis.  No One Knows Braemar Better!

And if you haven’t already, please join my new Braemar Facebook group.  You can find links to these reports and be involved in all kinds of neighborhood conversations.

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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You can see the other most recent quarterly property value report in Braemar by clicking the link below:

Condo Quarterly (townhouse style condos)