Braemar Townhouse Report: September-October 2011

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

Braemar Townhouse Report:  September-October 2011

Things are a lot quieter these days around the Braemar townhouses surrounding the Rob Roy pool.  The pool season ended on Labor Day and cooler temperatures means less action on the playgrounds.  Autumn doesn't mean a slow down in the Braemar townhouse market though.  Let's take a look back at sales of Braemar townhouses in this edition of the Braemar Townhouse Report.  As always, the sales are divided into two categories:  No Garage and Garage.

Braemar Townhouses with No Garage saw only two sales in the previous two months.  A high sold price of $225,000 and a low sold price of $220,000.  Their average gives us a new average market value of $222,500 for Braemar Townhouse with No Garage.  That's over a 9% decrease since last report and over a 5% decrease since this time last year.

If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect your home to be under contract in about two months.  You could also expect a buyer to request an average of about 2.5% of the sales price in closing cost help.

Braemar Garage Townhouses, on the other hand, saw six sales in the previous two months.  The high sold price was $274,900; the low sold price was $229,000.  The average of all six sales gives us a new average market value of $253,317 for Braemar Garage Townhouses.    This is not a measurable change since last report or this time last year.  That mean the Braemar Garage Townhouses have been steady in their values for one year.  Not bad news.

If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in about two weeks.   You could also expect a buyer to ask for an average of 3% of the sales price in closing cost assistance.

The next Braemar Townhouse Report will be out in January and will detail sales during the months of November and December.  Until then, if you are thinking of selling your Braemar townhouse, I'd be happy to give you an estimate of your home's specific value in the market.  No matter your equity position I can help.  I've been a full-time Bristow real estate agent and Braemar resident since 2005; and a Short Sale Agent since 2007.  No one knows Braemar better!

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

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SellingBraemar.com

 

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

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 You can see the most recent property values in Braemar by clicking the links below:

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style homes, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

Condo Quarterly (condos known as Barrhill at Inverness Village) 

 

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Rainmaker
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Anne Clark
Metro Referrals - Gainesville, VA

Funny how there seems to be more demand for townhouses with garages in Braemar.   When I was active in the market, seemed the opposite was true.

Nov 08, 2011 06:34 AM #1
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Anne:  It does seem to go back and forth, the demand for extra space and then the demand for the garage.

Nov 08, 2011 08:15 AM #2
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Chris Ann,  You need to get a dome and put over that pool that people can swim year round, that would get the excitement in the area again.

Nov 08, 2011 11:19 AM #3
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Will: Might need to heat the water too.  I would certainly appreciate a heated indoor pool.

Nov 08, 2011 01:33 PM #4
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

If I were buying a Braemar townhouse, I think I'd choose the model with a garage, even if it costs $25,000 more. Who wants their car sitting out in the snow?

Nov 09, 2011 02:11 AM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  If you don't need the extra space, it's really the choice to make in my opinion.  But there are some families that need that additional basement space for a 4th bedroom.

Nov 09, 2011 02:34 AM #6
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Chris Ann Cleland

Associate Broker, Bristow, VA
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