Braemar Townhouse Report: November-December 2012

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Braemar Townhouse Report:  November-December 2012 

Two more months until we are officially out of winter and into spring and there's been no snow and fairly mild temps to date.  There are some below freezing day time temps forecast for Bristow this week, but other than that, we've had a pretty mild winter here in Braemar.  (knock on wood)

With November and December behind us, we can take a look back at the last two months of 2012 and see how the Braemar townhouse values made out as the year came to a close.  As has always been the case in the Braemar Townhouse Report, townhouses are separated into two categories:  No Garage and Garage.  

Townhouse with No Garage saw five resales in the last two months of the year.  The high sales price was $260,000.  The low sales price was $225,000.  The average of all five sales gives us our new average market value for Braemar Townhouses with No Garage of $236,300.  That's only 1% down since last report, and nearly 1% up since last year.  That's what I call stability in values.

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

Garage Townhouses had no sales in the last two months of the year.  However, our last report showed the average market value at $275,400.  Current values, given the stability we are seeing with the No Garage Townhouses, are probably in the same ball park.  Averages for closing cost assistance and days on market are usually very close between the Garage and No Garage Townhouses.  So for expectations of how long you would be on the market if priced to current market conditions, and what a buyer would expect for closing cost help, refer to the No Garage Townhouse values.

The next Braemar Townhouse Report will be out in March and will detail sales from the first two months of 2013.  Until then, if you want to investigate selling your Braemar townhouse, give me a call for a free market analysis of your specific home's value in today's market.  I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I added the distinction of being a Short Sale Agent in 2007 to my resume.  No matter what your equity position, I can get your Braemar townhouse sold for the maximum amount of money, in the shortest period of time.  No one knows Braemar better!

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

703-402-0037

 ChrisAnn@LNF.comwww.SellingBraemar.comwww.NVARealEstate.net


Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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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 home, five to a private driveway, Brookfield Homes)

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

Braemar Condos (condos knowns as Barrhill at Inverness Village)

 

 

 

 

 

 

Comments (8)

Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Chris Ann Clelland knows the Braemar area.  She is the local market expert.  Call her if you want to sell or buy in Braemar!

Jan 21, 2013 04:35 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann -- one of the reasons that my buyers prefer a townhouse is they generally have a garage in my market area.  With or without a garage, Braemar Townhouse homeowners who are considering/thinking of selling would be wise to contact you for your well-known local and in-depth knowledge of this market to successful assist them with selling.    

Jan 21, 2013 04:35 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hi Chris Ann.  Another great market report for Braemar. 

Jan 21, 2013 04:46 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Suzanne:  Thanks for the endorsement.

Michael:  I find that Garage Townhouses sell better here in the winter...for obvious weather reasons out our way.  No Garage Townhouses offer more interior space.

Jan 21, 2013 05:58 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Belinda:  Thanks. Had my nose to the grindstone getting these done the last few days.

Jan 21, 2013 05:59 AM
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Chris Ann

You truly stay on top of all aspects of your market. Great market report, cheers cvc

Jan 21, 2013 10:06 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I would think a buyer for a Braemar Townhouse would want a garage in the last 2 months of the year and into late winter of the following year. I mean you guys get a lot of snow, right?

Jan 22, 2013 12:28 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Curtis:  I do my best.  

Elizabeth:  We don't get a lot every winter, but we do get some.  It's about once every 10 years we get walloped with two or more feet of snow.  And garages tend to be top of mind then.  I'm kind of shocked myself that none sold.  There just may have been none on the market, given the low inventory levels.  I bet we see some in the next Braemar Townhouse Report.

Jan 22, 2013 06:03 AM