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Braemar Townhouse Report: May-June 2010
Once every two months I review the townhouse resales in our community of Braemar to prepare the Braemar Townhouse Report. I take the sales and divide them in to a category called Garage and No Garage, then average the sold prices to come to an average sales price, which is also known as market value. Townhouses with No Garage in Braemar had only one resale in the months of May and June. This is a bit surprising since there so many first time buyers out in our market looking to get a deal done in these months. That one sale leaves us with a $209,000 average sales price, down 2.8% since last report. However, taking this average sales price and comparing it to May and June 2009, we see an increase of nearly 2%. These numbers also tell us what a Seller of a Townhouse with No Garage in Braemar may expect when placing their home on the market. If they priced their home to current market conditions, a Seller of a Braemar Townhouse with No Garage could expect to have a contract in more than one week's time, but less than two. They could also expect a Buyer to ask for ... more
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