The first two months of 2011 are behind us and Spring fever is hitting Braemar. Time to take a look back at Braemar townhouse resale activity for the months of January and February. As always, you will find that resales for Braemar townhouses are divided into two categories: Garage and No Garage.
For the second straight reporting period, Townhouses with No Garage in Braemar saw no resales this report. With Spring fever hitting area buyers, it is unlikely this will be the case when we get to May and are able to report on sales from March and April. Hang in there.
Unlike Townhouses with No Garage, Braemar Garage Townhouses saw four resales in the months of January and February. Their average bring the average Braemar Garage Townhouse value to $250,750. That's a 6.5% increase since last report (November-December 2010) and nearly a 9% increase since this time last year.
If you needed to sell your Braemar Garage Townhouse, and priced it to current market conditions, this reports tells us that you could expect your home to be under contract in about ONE WEEK! You could expect to pay an average of 2% of the sales price in closing cost assistance to the buyer.
The next Braemar Townhouse Report will be published in May. 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 this spring, please don't hesitate to call. You can make the most in the 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
Other Braemar Property Value posts for the period of January-February 2011:
Arista Series (large single family homes built by Brookfield Homes)
Heritage Series (mid-sized single family homes built by Brookfield Homes)
Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)
Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)