Braemar Condo Quarterly: January-March 2013

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

Braemar Condo Quarterly:  January-March 2013

There has been a lot of real estate activity in Braemar since the calendar rolled over to 2013 and it has kept me quite busy.  I'm ashamed to say that it wasn't until I received a call from a Braemar condo owner looking to sell this summer that I realized I had never published the first quarter stats for Braemar condo resales when March came to a close.  Well, there's no time like the present, so let's get to it.

Like the last quarter of 2012, there were only two resales of Braemar condos in the first quarter of 2013.  The high sales price of $243,000 (wow) went to a three bedroom, two and a half bathroom, one car garage condo.  The low sales price of $195,000 went to a three bedroom, three and a half bathroom condo with no garage.  The average of their two sales prices gives us our new average market value for Braemar condos of $219,000.  That's nearly a 17% increase since last report.  And since there weren't any Braemar condo resales in the first quarter of 2012, well, we are definitely making some serious progress.

If you placed your Braemar condo on the market, priced to current market conditions, this report indicates your home would be under contract in one week.  It also indicates that buyers are getting an average of almost 1.5% of the sales price in closing cost help from Braemar condo sellers.

The next Braemar Condo Quarterly will be out in July and will detail sales from the second  quarter of 2013.  Until then, if you are contemplating the sale of your Braemar condo, call me for a free market analysis of your specific condo's value.  I've been a full-time real estate agent and Braemar resident since 2005.  I've also been a Braemar Short Sale Agent since 2007.  No matter what your equity position, I can get you the most amount of money for your Braemar condo in the shortest amount 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)

Townhouse Report (traditional townhouses with small back yards)

 

 

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Rainmaker
1,181,092
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Chris Ann

Sure looks like a very tight inventory market in these condo units. You just keep selling them too quickly, cheers cvc

May 16, 2013 06:01 AM #1
Rainmaker
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

7 days on market is excellent.  Interesting buyers are still able to get a subsidy - sounds like everyone should be happy with the market there these days. 

May 16, 2013 06:37 AM #2
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Chris Ann  Nice Market report  shows you are the area expert

May 16, 2013 07:21 AM #3
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Chris Ann - Nice market report. It sounds like there is good demand for Braemar condos, and it's probably a great time for potential sellers to make a move.

May 16, 2013 08:22 AM #4
Rainmaker
1,333,294
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - Excellent real estate market report for Braemar condos.

May 16, 2013 11:34 AM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Curtis:  Should have a Braemar condo coming up in June.  Stay tuned.

Susan:  I would say the subsidy is definitely something a motivated buyer will find a way around if they are in multiple offer situation.  Lose it or lose the house.  It's no longer a given.

Hannah:  Thanks.  Have quite a few cued up over the next week.  

 

May 16, 2013 12:48 PM #6
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Dick:  Great time to move up.  Even though inventory is tight, there are still houses to buy.  Just have to puonce on them when they come up.  That's why buyers should always hire local, full-time agents.

Michelle:  Thanks.  

May 16, 2013 12:49 PM #7
Rainmaker
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Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

A 17% increase? If you are someone who needs to sell your condo in Braemar, call the local expert, Chris Ann Cleland!

May 18, 2013 10:10 AM #8
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Donna:  Demand is what we have to thank for the increases.  The demand for Braemar condos is back in a big way.

May 18, 2013 10:21 AM #9
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Chris Ann Cleland

Associate Broker, Bristow, VA
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