Braemar Townhouse Report: May-June 2014
Summer is here in Braemar and I hope that everyone has been enjoying it in one way or another. Personally, I love sitting out on my front porch at dusk in an Adir chair and just decompressing from a long day. Watching people walk their dogs, or biking with their kids. It's a nice thing to see.
This Braemar Townhouse Report is a nice thing to see (spoiler alert.) It covers the sales of townhouses in Braemar during the months of May and June. So without further delay, let's get to it.
There were nine townhouses that sold in our neighborhood during May and June. The low sold price was $260,000. The high sold price was $330,000. The average of all nine gives us our new average market value for Braemar townhouses--$299,333. That is over a 10.5% increase since last report and a 9.5% increase since last year. That's great news. For a while there I was getting concerned that demand had waned for Braemar townhouses, but clearly, that is not the case.
If you placed your Braemar townhouse on the market, priced to current conditions, this reports suggests it would be under contract in an average of eleven days. That's only eleven days of making the beds, keeping the house straight and making sure there are no dirty dishes in the sink. A Braemar townhouse seller could also expect a buyer to ask for a an average of just under 2% of the sales price in closing cost help.
The next Braemar Townhouse Report will be out in September and will detail sales from the months of 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. I can help you get your Braemar home sold quickly and for the maximum amount of money. No One Knows Braemar Better!
Please feel free to join my neighborhood Facebook group, BRAEMAR (Bristow,VA.) I started the group to have an easy access point for these online Braemar Property Value Reports. However, you can start any neighborhood conversation you like to there. When neighbors talk, good things happen. My favorite being connecting lost pets with their owners.
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)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)