Braemar Condo Quarterly: October-December 2014

Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Braemar Condo Quarterly:  October-December 2014

Braemar CondoPunxsutawney Phil has spoken and we are expected to have another six weeks of winter.  A lot of Bristow buyers aren't waiting until spring to get out and find a home.  Problem is, a lot of Bristow sellers aren't ready to sell.  For now, let's take a look back at the last quarter of 2014 and see what happened with Braemar condo values.

Two condos sold in the last three months of 2014.  The highest sold price was $247,000.  The lowest $245,000.  Their average gives us our new average market value for a Braemar condo of $246,000. That is a 2.5% increase since the third quarter of 2014 and a 6% increase since the fourth quarter of 2013

Braemar Condo Quarterly:  October-December 2014

If you placed your Braemar condo on the market, priced to current conditions, you could expect it to be under contract in an average of a month and half.  You could also expect a buyer to request nearly 2.5% of the sales price in closing cost assistance.

The next Braemar Condo Quarterly will cover the first quarter of 2015 and will be out in April.  Until then, when you are ready to sell your Braemar condo, call me for a free market analysis.  No One Knows Braemar Better!

And if you haven't already, please join my 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.)

Comments (4)

Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Chris Ann Cleland ~ I like your market update! & I have a feeling those interested in buying/selling a Braemar Condo will love this market report too, and it will be wise if they call you for any and all RE assistance

Feb 03, 2015 07:30 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Jon:  Braemar condos would go really quick if listed NOW.  Those sellers who are waiting for spring need to know the buyers are out now.

Feb 03, 2015 09:26 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Oh, pssshaw, what's another 6 weeks of winter. Where do people live when they think winter should be over sooner than that?

Feb 03, 2015 10:31 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Elizabeth:  I know.  I feel the same way.

Feb 04, 2015 02:27 AM