Braemar Townhouse Report: November-December 2010

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

With the turn of the New Year to 2011, it is time to take a look back at resale activity for the final two months of 2010 with regard to townhouses in Braemar.  Sales for Novebmer and December will be compared to last report's figures (September-October 2010.)  You will find that resales are divided into two categories:  Garage and No Garage

Townhouses with No Garage saw no resales during November and December.  That means we'll have to wait a couple more months for the most recent comparables.  Until then, we can rely on statistics from last report.

Garage Townhouses in Braeamr saw four resales during the holiday months.  That brings the average sales price to $235,500.  That's down 7.3% from last report, but up 6.4% since the same reporting period in 2009.

If you needed to sell your Braemar Garage Townhouse, and priced it to current market conditions, this report tells us that you could expect your property to be under contract in three weeks time. You could also expect to pay an average of 1% of the sales price in closing cost assistance (seller subsidy) to the buyer.

The next Braemar Townhouse Report will be published in March.  Until then, if you are interested in taking a look at historical averages, you can log onto www.nvarealestate.net and click the link for the Braemar Townhouse Report Online to see average market values to the beginning of 2006. 

If you find yourself, or someone you know, needing to sell their Braemar Townhouse before the end of the year, please don't hesitate to call.  You can make the most of the year end market with a true neighborhood expert.   No one knows Braemar better!

Chris Ann Cleland, Long & Foster REALTORS®, Associate Broker-Licensed in Virginia, Short Sale Specialist

703-402-0037, chrisann@LNF.com

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Rainmaker
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Pat Fenn
Marketing Specialist for CJ Realty Group/Cindy Jones Broker - Springfield, VA

Prices go up a little and down a litle but nothing that should keep a buyer from picking up a good deal.

Jan 10, 2011 12:29 PM #1
Rainmaker
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Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Chris, you area is doing well. We have to thank our stars on that! Buyers can still get good deals. Love your market reports. Very easy to read :)

Jan 10, 2011 11:54 PM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Pat:  Thank God for stability, and is much needed after the tittanic-like plunge prices in our area took in recent years.

Jackie:  Thanks, Jackie.  Braemar is remaining steady with a modest increase from time to time.  The decreases aren't terrible these days when we see them. 

 

Jan 11, 2011 12:51 AM #3
Rainmaker
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Anne Clark
Metro Referrals - Gainesville, VA

I'm surprised there was a decrease in average market value for townhouses with garages this report.  Still, an overall increase year over year is great.

Jan 11, 2011 01:09 PM #4
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