Braemar Townhouse Report: March-April 2012
We're nearly midway through May. Seems it was just the beginning of 2012. That's what happens when you are busy helping people buy and sell in Braemar. Our real estate market is on fire! Since we've got two more months behind us, let's take a look back at the months of March and April and see how our Braemar townhouse market fared. We'll make comparisons to last report (January-February 2012) and last year (March-April 2012.) And, as usual, we'll divide townhouses into Garage and No Garage categories.
To begin, Townhouses with No Garage saw two resales in March and April. The high sold price was $254,000 and the low sold price was $210,000. The average of the two was $232,000, which is our new average market value for Townhouses with No Garage. That's a 2.9% decrease since last report, but a 1.7% increase since last report. This is stability, and it is always welcome in the Braemar real estate market.
If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect it to go under contract in just about two weeks. You could also expect a buyer to ask for an average of just over 2% of the sales price in closing cost help.
Garage Townhouses saw five resales in March and April. The high sold price was $285,000 and the low sold price was $254,000. The average of all five sales gives us our new average market value for Garage Townhouses of $266,400. That's a 1.7% increase since last report and nearly an 18% increase since last year! That's incredible.
If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect it to go under contract in just over a week. You could also expect a buyer to ask for an average of just over 1% of the sales price in closing cost help.
The next Braemar Townhouse Report will be in July and will detail sales from the months of May and June. Judging from the sales activity, there will be many more to report. Until then, if you are looking to buy or sell a Braemar townhouse, give me a call. I've been a full-time real estate agent and Braemar home owner since 2005. I've also been a Short Sale Agent since 2007. No matter what your equity position, I have the knowledge to get your Braemar townhouse sold in the shortest period of time and for the maximum dollar value. No one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
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)
Carrige Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Condo Quarterly (condos knowns as Barrhill at Inverness Village)