Braemar Piggyback & Patio Quarterly: April-June 2014

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

Braemar Piggyback & Patio Quarterly:  April-June 2014

This is the second edition of the Braemar quarterly report for Piggyback Townhouses and Patio Homes.  As such, we will only have comparisons to last quarter's report.

For clarification, Braemar Piggyback Townhouses are attached side-to-side and back-to-back.  While they do not offer back yards, they offer large bedrooms and a two car garage.  Braemar Patio Homes are also known as quads.  Each is attached at the side, back and corner to another Patio Home.  They have two levels, also offering large bedrooms and a modest side yard.

PIGGYBACK

Braemar Piggyback TownhouseAs the second quarter of 2014 came to a close, there were two active Braemar Piggyback Townhouse listings for sale.  Their prices were $285,000 and $280,000.  When it comes to what actually SOLD, there were three Piggyback Townhouse sales.  The high sales price was $305,000 and the low was $280,000.  The average of all three gives us our new average market value of Piggyback Townhouses to be $293,667.  That's a 4% decrease in value since the first quarter of 2014.  

Braemar Piggyback Townhouse Values, 2nd Quarter 2014

If you placed your Braemar Piggyback Townhouse on the market, priced to current conditions, this report indicates it would be under contract in an average of 3 days.  The active listings, however, as of this report, have an average marketing time of 47 days and the counter is still going.  To say the market is shifting would be fair.  Another thing you could expect is to contribute an average of nearly 1.5% of the sales price in closing cost help to the buyer.

 

PATIO 

Braemar Patio HomeClosing out the second quarter of 2014, there was one active Patio Home listing at $300,000 and one under contract, listed for $309,900.  There was only one Braemar Patio Home that made it settlement, but that's better than none, which we saw last report.    The sales price of the one Patio Home that sold is our high, low and average sales price for the second quarter: $290,000.  It's encouraging that one is under contract that was listed higher.  That may be an indicator that we will see an increase in value in third quarter.

Braemar Patio Home Values, 2nd Quarter 2014

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar Patio Home on the market, priced to current conditions, this reports indicates it would be under contract in 5 days.  Given the active listing, still counting marketing time at 17 days as of today, and the one under contract that was listed for 15 days, I would say this number will be increasing in future reports.  You could also expect to contribute nearly 2.5% of the sales price in closing cost assistance to the buyer.

The next Braemar Piggyback & Patio Quarterly will cover the second quarter of 2014 and will be out in July.  Until then, if you are thinking of selling your Braemar home, 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.

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)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with back yards)

Condo Quarterly (townhouse style condos) 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Virginia Prince William County Bristow Braemar
Groups:
City and State
Localism Success and Accountability Group
Market Reports
Give Back
HyperLocal Neighborhood and Community Posts
Tags:
braemar townhouse values
braemar real estate agent
braemar listing agent bristow
braemar realtor bristow
braemar patio home values

Spam prevention
Show All Comments
Ambassador
1,552,931
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Chris Ann  Very informative report and the format is ibviting - good luck with it

Jul 13, 2014 01:10 AM #1
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Karen:  Thanks.  Graphs and so forth get confusing even for agents, no less the public.  Best to make it simple.

Jul 13, 2014 02:24 AM #2
Rainmaker
925,699
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

A piggyback townhouse is one in which a two-level townhouse is on top of a separate basement unit,  I had to look it up, Chris Ann.  It must be a regional term since I found it in a Fairfax news report.  Nicely done report

Jul 14, 2014 12:18 AM #3
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Ron:  Piggyback in this case is attached rear and side to side attached.  

Jul 14, 2014 06:13 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,566

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention