Braemar Townhouse Report: January-February 2013

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


Braemar Townhouse Report:  January-February 2013 

With a new year, comes a chance for new outlooks and fresh starts.  One of the things I've decided, after
providing this Braemar Townhouse Report since mid-2005, is to change up the presentation of the information.  Up to this point in time, I have separated townhouses by whether or not they have a garage or not.  Some piggyback townhouses, with no back yard, would be included in the garage category.  

Well, with the beginning of 2013, I have decided to put Braemar townhouses into one category.  A Braemar townhouse, with or without a garage, will be a three level residence with a small back yard and be fee simple ownership.  In other words, it won't be a condo, patio home or piggyback townhouse. So as we look back to last month's and last year's values, please know that those average values have been adjusted to reflect a true comparison.

In January and February, there were five Braemar townhouses sold.  Only one of those townhouses that sold had a garage.  The highest sales price was $275,000 and belonged to an end unit with four bedrooms and three and a half bathrooms.  The lowest sales price was $225,000 and was a two bedroom, two and a half bathroom townhouse.  All five sales average out to $247,200, which is our new average market value for Braemar townhouses.  That represents an increase of over 4.5% since last report and an increase of nearly 2% since last year.

If you placed your Braemar townhouse on the market, priced to current market conditions, this report indicates you could expect it to be under contract in an average of just under two months.  You could also expect a buyer to ask for an average of just under 1.5% of the sales price in closing cost help.

The next Braemar Townhouse Report will be out in May and will detail sales from March and April.  Until then, if you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home's value.  I've been a Braemar home owner and full-time Bristow Real Estate Agent since 2005.  In 2007 I added the distinction of being a Short Sale Agent to my resume.  No matter what your equity I can help you get your Braemar home sold quickly and for the maximum amount of money.  And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

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)

 

 

 

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Rainmaker
2,772,675
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Chris Ann, It seems that as the markets change the way we provide market reports will change as well.  You know your Braemar market best ... the changes you have made make sense to me.

Mar 11, 2013 11:40 AM #1
Rainmaker
2,958,155
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Chris Ann I like that idea. I love reading your reports, they are very well done. Have a great Tuesday

Mar 12, 2013 12:02 AM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Kathleen:  And to make sure the comparisons made sense, I made sure to recalculate those numbers as well.

Scott:  Makes things a bit simpler and there has never been a huge price difference between garage townhouses or those without.

Mar 12, 2013 02:19 AM #3
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

You sure seem to sell a lot of these Braemar townhomes, Chris Ann, with or without a garage. Although, I'd think that most people would want a garage where it snows.

Mar 12, 2013 03:22 AM #4
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  The garage is great if you don't need the living space.  It takes up a lot of the first floor footprint.

Mar 12, 2013 07:14 AM #5
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