Braemar Townhouse Report: January-February 2012

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

Braemar Townhouse Report:  January-February 2012

I think it's safe to say that the mild winter of 2011-2012 is behind us.  Spring has sprung in Braemar.  Flowers are blooming much earlier this year as a result of unseasonably warm temperatures we saw in the first two months of the year.  Not only were January and February good to us weather wise, the sales activity for Braemar townhouss was quite favorable.  So are you ready for some good news?  I hope so.  As usual, the stats for Braemar townhouse sales are divided into two categories:  Garage and No Garage.

To start, Townhouses with No Garage saw five resales in the first two months of the year.  The high sold price was $265,000 and the low sold price was $212,000.   The average of all five sales gives us our new average market value for No Garage Townhouses of $239,000.  That's a 2% increase since last report.  And since there were no resales of No Garage Townhouses in January and February 2011, we have no year to year comparison.

If you placed your No Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of under three weeks.  You could also expect a buyer to ask for an average of 1.5% of the sales price in closing cost assistance.

Garage Townhouses in Braemar saw only one resale in the first two months of the year.  It's sold price becomes our new average market value of Garage Townhouses:  $262,000.  That represents over a 3% increase since last report and a 4.5% increase since the first two months of 2011.

If you placed your Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of over one week.  You may also land a buyer, in this competitive marketplace, that doesn't require closing cost assistance.

The next Braemar Townhouse Report will be out in May and will detail sales from March and April.  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)

____________________________________________________________

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) 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Virginia Prince William County Bristow Braemar
Groups:
City and State
Localism Success and Accountability Group
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
braemar listing agent bristow va
braemar townhouses for sale bristow va
braemar real estate agent bristow va

Spam prevention
Show All Comments
Ambassador
1,877,460
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

What a clear concise WITH TABLES market report Chris Ann for the Braemar Townhouse area. Looks like spring has sprung and you are on your way now.

Mar 12, 2012 10:48 AM #1
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Gary:  Glad you liked it.  The tables lay out the averages for all to see.

Mar 13, 2012 02:54 AM #2
Rainmaker
2,957,609
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Afternoon Chris Ann, for us it appears we went from fall to winter and back to spring for Christmas and now that it is spring it feels like Summer.  What a weather pattern. What i do know it has made for great weather for buying homes. Very nice market report for clear and concise numbers. Great job. Have a great Tuesday

Mar 13, 2012 06:45 AM #3
Rainmaker
1,179,784
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Chris Ann

Here in the Napa Valley, real estate sales remain hot and activity is being to warm up in upper end properties. The Rutherford $2.300,000 home below sold in 6 days and the $12,000,000 in 17 days. Currently there is only a 3.9 months of supply of all residential property here in the Napa Valley. If I look at the hottest market, up to $400,000, there is only a 2.3 months supply. That’s about as low as I can ever remember here.

Glad your market is hot to, cheers cvc

Mar 14, 2012 03:49 AM #4
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Scott:  House hunting has never been more pleasurable than the last week.

Curtis:  I'm hearing more and more good news from agents around the country about demand.  It's good to hear.

Mar 14, 2012 12:18 PM #5
Rainmaker
622,210
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Chris Ann, looks like it is a very healthy market with low days on market. Good luck.

Mar 15, 2012 12:34 AM #7
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Morgan:  Houses are flying off the shelves.

Mar 15, 2012 01:19 AM #8
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,566

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention