Braemar Condo Quarterly: January-March 2014
The first quarter of the Braemar condo market was really quiet, but not for lack of buyer demand. Buyers are out in full force and looking for affordable housing, just like Braemar condos. Right now, there is only one Braemar condo on the market. It was listed for $249,900 and after 18 days on the market went under contract. I'm sure we'll be talking about that one at the beginning of July for the second quarter report, but let's look at what happened in the first quarter.
There was only one Braemar condo sold in the first three months of 2014. It happened to be my very own listing. It listed and sold for $240,000. That's what the high sold price from last report, but last year the high was $3,000 higher. However, the average from last year was $219,000. Maybe prices are rising a bit, but we're going to need to see some more sales to know for sure.
If you placed your Braemar condo on the market, priced to current conditions, you could expect it to be under contract in 6 days. You could also expect a buyer to ask for about 1.5% of the sales price in closing cost help.
The next Braemar Condo Quarterly will cover the second quarter of 2014 and will be out in July. Until then, if you are thinking of selling your Braemar condo, call me for a free market analysis. No One Knows Braemar Better!
And if you haven't already, please join my new Braemar Facebook group. You can find links to these reports and be involved in all kinds of neighborhood conversations.
Chris Ann Cleland, Associate Broker-Licensed in VA
2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
You can see the other most recent quarterly property value report in Braemar by clicking the link below:
Piggyback & Patio Quarterly (back to back townhouses and quad homes)