Braemar Townhouse Report: March-April 2015
Summer is officially here...or at least it feels like it since the Braemar pools opened. It didn't even occur to me to get my pool pass, and more importantly, my guest pass. When I accompanied my young house guests to Clareybrook Park on Sunday, it was hard to explain why we couldn't go inside where everyone was splashing and having fun. Lesson learned. Get pool passes!
Enough about the beginning of summer. Let's talk about the beginning of spring and what it meant to the Braemar townhouses in this edition of the Braemar Townhouse Report.
There were fourteen townhouses that sold in Braemar during the months of March and April. The final sold prices ranged from $248,000 on the low end to $319,900 on the high end. The average of all fourteen gives us our new average market value of Braemar townhouses of $286,129. That means a 10.5% increases in average market value since last report and over a 5.5% increase in average market value since last year.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of about five weeks. You could also expect to contribute an average of 1% of the sales price to assist the buyer with their closing costs.
The next Braemar Townhouse Report will be out in July and will detail sales from May and June. In the meantime, when you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home's value. 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 reuniting lost pets with their owners.
Statistics compiled 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)
Reflection Quarterly (single family homes attached at the garage only)