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Braemar Condo Quarterly: July-September 2012
Braemar Condo Quarterly:  July-September 2012
The third quarter is officially behind us as we are well into October and looking forward to Halloween and Braemar's Spooktacular Movie Night.  This means it's time to look back at the third quarter of 2012 and see what happened in the Braemar condo market.  There were no sales in the second quarter to report, so any comparisons we make will be the third quarter of 2011.
As of October 16th, there is only one Braemar condo on the market.  It is a Short Sale that is pending sale, having gone under contract in July.  There were only two Braemar condos that made it to settlement in the third quarter.  Below is a table giving you the quick and dirty on the relevant numbers.

When looking at the numbers compared to the third quarter of last year, every sales price went down.  The average sales price was down over 5%.  The high sales price was down exactly 10%.  The low sales price saw the least amount of change in a barley measurable $500 drop.  
The good news, is the the average seller subsidy (closing cost assistance to buyer) and average marketing time are also ... more

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