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Braemar Townhouse Report: January-February 2015
Braemar Townhouse Report:  January-February 2015
Having a Braemar townhouse listing during the snow storms, I know how glad all Braemar townhouse owners must be that the snow is behind us.  There's nothing quite like spending thirty minutes digging out your car from a common area space and coming back to see someone else enjoying the clear space.  Such is life in the winter in a townhouse.
Right now it is time for another Braemar Townhouse Report, looking back at sales during the first two months of year.  There were only four sales of Braemar townhouses in January and February, which actually kind of shocked me.  I think the brutal temps and crappy weather had many sellers waiting for spring.  However, of the four sales, the final sold prices ranged from $215,000 to $287,900.  The average of all four gives us our new average market value of Braemar townhouses of $258,825.  That's on the low side for our neighborhood townhouses, but reflects the fact that our four sales were make up primarily of smaller townhouses.  That means the decrease in average market value of over 12% since last report and 15.5% since last year, are relatively meaningless.  We'll probably see a spike ... more

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