Braemar Townhouse Report: May-June 2013
Summer has been steamy for the most part in Braemar. Growing up in Northern Virginia, I expect hazy, hot and humid in the summer, but some of the days in July felt like I was walking into a sauna when I left my home. Made me want to rethink my work dress code and wear shorts and a light t-shirt while showing homes. And I've shown a lot of homes this summer.
In May and June there were eight Braemar townhouses that sold. All but two had garages. The high sold price was $298,000 and the low sold price was $223,721. How's that for an exact number? The average of all the townhouses sold gives us our new average market value for Braemar townhouses of $273,465. That's over a 1.5% drop since last report, but nearly a 20% gain since last year. Year to year, things are looking so much better.
If you placed your Braemar townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of less than two weeks. You could also expect a buyer to request nearly 1% of the sales price in closing cost assistance.
The next Braemar Townhouse Report will be out in September and will detail sales from July and August. 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, 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)
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)
Condo Quarterly (townhouse style condos)