Two more months of resales in Braemar's townhouse inventory has given us the opportunity to examine average sales price for the final two months of 2008.  Townhouse sales in this Braemar Tonwhouse Report, as always, are divided into two categories:  No Garage and Garage. 

No Garage Townhouses had five resales in November and December.  The average sales price dipped slightly to $203,297.  That's down from $207,250 last report (September-October 2008).  That's less than a 2% drop in average sales price in two months.  Not bad considering the last drop was over 12% last report.  Seller subsidy (closing assistance from seller to buyer) has gone down from $3,000 to $2,682.  Unfortunately, the number of days it is taking to sell one of these townhouses has gone up from 75days last report, to 104 this report. 

Garage Townhouses saw more action this report with nine resales, and actually increased in average sales price.  Average sales price is now $237,867, up from $227,111 last report.  And seller subsidy has gone down from $5,616 last report, to $4,510 this report.  And the average number of days on the market has remained in the same ballpark.  It took an average of 81 days to sell one of these townhouses last report, to 87 days this report.

Overall, both of these categories of townhomes are doing better than Prince William County townhouses as a whole.  Townhouse values in the County at large have dropped 43% from November 2007-November 2008.  The drops for No Garage Townhouses and Garage Townhouses in Braemar, year to year, is 26% and 19% respectively.

You can see historical averages dating back to 2006 on my website:  www.nvarealestate.net.  Click the link for Braemar Townhouse Report Online.  Averages will be divided by garage, just as they are here.  The displays will look like this:

If you would like to receive a hard copy of the Braemar Townhouse Report, please call or email to sign up.

Thinking of selling your Braemar Townhouse?  Give me a call for a free, customized market analysis of your home's value.  No one knows Braemar better!

 

Chris Ann Cleland, Long & Foster, 703-402-0037, chrisann@longandfoster.com

I am a licensed Realtor in Virginia, GRI and Short Sale Specialist.

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

 

6 Comments on Braemar Townhouse Report: November - December 2008

JAN
09
2009
999,067 Points 108 Featured Posts Localism Sponsor Outside Blog

Your market isn't as dramatic in its price swings as Sacramento. Are you seeing a recovery yet, Chris Ann? Those numbers look pretty good.

Elizabeth Weintraub Land Park Real Estate Agent in Sacramento
10:07am • #1
1,542,928 Points 116 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Elizabeth:  The available inventory is officially considered stable, as we have no more than 7 months worth on the market.  We had seen some dramatic ups and downs, but we seem to be leveling off.   To add a word of caution, we usually do see sale price increases in the last month or two of the year.  My gut thinks the Spring will keep us around the same average sale prices.  Only time will tell.
10:28am • #2
SEP
18
2010
231,348 Points Called Shot Master

I enjoy reading your Bramer market reports.  Helps keep me connected with western PW County sales.
7:06am • #3
1,542,928 Points 116 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Pat: Thanks.  Helps keep me focused here.
9:51am • #4
OCT
06
2010
117,447 Points Called Shot Master

I like the look of your Braemar market reports that are more recent. The table makes it much easier to follow.
10:03pm • #5
OCT
07
2010
1,542,928 Points 116 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Anne:  I'm glad I added the table and ditched the shot of the website, like you see here.
11:06am • #6


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Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Gainesville, VA) Ambassador_large

Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

Office Phone: (703) 402-0037

Cell Phone: (703) 402-0037

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