Braemar Condo Quarterly: April-June 2013

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

Braemar Condo Quarterly:  April-June 2013

To say the Braemar and surrounding Bristow real estate market have been hot this year is an understatement.  There is a serious shortage of inventory for the buyers that want to own property in our area.  Braemar condos are in major demand because of their price range.  They are great for first-time buyers.

The second quarter saw the same number of sales, two, as the first quarter.  The average sales price was up 4% since the first quarter which is great. High sales price was down 2% and low sales price was up 11.5% since the first quarter.  The average seller subsidy (closing cost assistance from buyer to seller) went up by 62%, which given demand, is surprising.  The average marketing time also went the wrong direction as what I was expecting, being 229% longer than it was in the first quarter.

If you placed  your Braemar condo on the market, priced to current conditions, this report indicates it would be under contract in just over three weeks time.  From recent experience selling a Braemar condo this July, I can tell you that you could be under contract in less than one week if your home is in excellent condition.  You could also expect a buyer to ask for an average of 2% of the sales price in closing cost help.

The next Braemar Condo Quarterly will be out in October and will detail sales from the third 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)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

 

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Rainmaker
2,782,995
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Chris Ann, You are really on top of your local real estate market. Anyone looking for a Braemar Condo or any type of property in the surrounding Bristow area definitely want to hire the local market expert, Chris Ann Cleland.

Jul 19, 2013 01:18 PM #1
Rainmaker
2,976,258
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

You do a great job in your neighborhood. Another great report. Good luck on getting some more homes to sell. 

Jul 19, 2013 11:24 PM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Kathleen:  I decided a long time ago to not try to be all things to all people.  I know Bristow-Gainesville and  Braaemar like the back of my hand, and surrounding areas very well.  If I get out of my comfort zone, I refer clients.

Scott:  I always give this job my best.

Jul 20, 2013 02:10 AM #3
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Chris Ann: With only 2 Braemar condo sales, it is probably kinda difficult to predict the future market but if anybody knows Braemar, it is you.

Jul 20, 2013 09:45 AM #4
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  There just aren't many condos in Braemar, so two sales is measurable.  With my sale and a few others I've seen on the market, I'm sure the third quarter will hold much more information.

Jul 20, 2013 10:47 AM #5
Rainmaker
1,079,379
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Chris Ann, Braemar condos certainly is priced well for your area. If financing is available for them, it makes them that much more hot, hot, hot.

Jul 21, 2013 12:56 PM #6
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Sharon:  They are HUD approved condos so FHA and VA financing is welcome in Braemar condos.

Jul 22, 2013 01:55 AM #7
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Chris Ann Cleland

Associate Broker, Bristow, VA
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