Braemar Condo Quarterly: January-March 2014

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

Braemar Condo Quarterly:  January-March 2014

Braemar Condo 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.

Braemar Condo Quarterly:  January-March 2014

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If 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

703-402-0037, ChrisAnn@LNF.com

www.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 other most recent quarterly property value report in Braemar by clicking the link below:

Piggyback & Patio Quarterly (back to back townhouses and quad homes)

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Rainmaker
1,496,282
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Chris Ann, now would be the time to sell. I suspect you will see fresh listings in the summer months. Chris Ann Cleland is the Realtor® to contact to list Braemar condo

Apr 28, 2014 12:58 PM #1
Rainmaker
977,560
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Congratulations on your high sale Chris Ann!  Looks like prices are picking up and low DOM.  Cool! 

Apr 28, 2014 02:06 PM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Beth:  I am hoping we see some more townhouses and condos pop up.  Right now, listings are still scarce.

Jan:  The low days on market is definitely something that should make Braemar sellers happy.

Apr 29, 2014 02:28 AM #3
Rainmaker
2,189,557
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Of course it was your listing, Chris Ann, because it seems like you sell all of the listings, condos or otherwise, in Braemar.

Apr 29, 2014 11:05 AM #4
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Chris Ann. To say there is low inventory for condos in Braemar would be an under statement, since you only had one to sell last quarter. I can image all those bidding wars going on in that area.

Apr 29, 2014 12:01 PM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  Certainly does feel like it, but with over 2,800 homes in our neighborhood, I am definitely not the only game in town. 

Jerry:  Current market conditions in the overall Bristow-Gainesville area are definitely favoring sellers.

Apr 29, 2014 12:04 PM #6
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