Braemar Piggyback & Patio Quarterly: April-June 2015

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

Braemar Piggyback & Patio Quarterly:  April-June 2015

Has anyone else noticed how relatively mild our summer has been in Bristow?  Sure, there have been days of extreme heat and humidity that makes you feel you are in a sauna, but there have been a lot of mild days for July.  Today, for instance, I didn't notice any humidity.  Eighty-eight degrees feels totally different with low humidity.

Piggyback Townhouse in BraemarAs far as real estate in our community of Braemar has been concerned, the activity has been fairly low key.  Buyer demand is not the insane pace it was last year, so we are experiencing a more stable market.  Let's take a look at the second quarter of the year and see what happened to values of Braemar Piggyback and Patio homes.  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.


Unfortunately, there were no sales of Braemar Piggyback townhouses in the second quarter.    So we still have only the one sale from last report, to use as a comparable.  However, there was one Piggyback townhouse under contract that will settle in the third quarter.  It was listed for $299,000, so maybe values will be steady compared to last year.  We won't know until it settles.

Using that Piggyback townhouse on the market, we can infer that it would be a little over two weeks to 

Patio Home in Braemarget your Piggyback townhouse under contract, if you priced to current market conditions.  Time will tell what seller subsidy (closing cost help to buyers) ends up.  Stay tuned for third quarter numbers in October.



Unlike Piggyback townhouses, Patio homes saw three sales in the second quarter.  The high sold price of $320,000 was repeated in two sales.  The low sold price was $300,000, which was higher than the only sale this time last year.   The average sold price is up 8% since last year.  Unfortunately, there is no comparison to the first quarter since there were no sales of Patio homes last report.

Braemar Patio Home Values, 2nd Quarter 2015

If you placed you Patio home on the market, priced to current conditions, you could expect it to be under contract in an average of eleven days.  You could also expect a buyer to ask for an average almost 1.5% of the sales price in closing cost help.

The next Braemar Piggyback & Patio Quarterly will cover the third quarter of 2015 and will be out in October.  Until then, when you are ready to sell your Braemar home, 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 System.)

Comments (5)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

We've had a very odd summer here in Ohio too, not the typical very hot and humid days.  Looks like patio homes are selling well and quickly in Braemer.

Jul 22, 2015 08:01 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I chuckle every time I hear that term about piggyback Braemar homes, Chris Ann. It just doesn't sound right to my ears. Maybe it's the pig part I don't like, ha, ha. We are having a somewhat mild year in Sacramento, too, usually it's over 100 for at least 3 weeks, and it hasn't quite reached 100 lately.

Jul 23, 2015 03:27 AM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Chris Ann Cleland ~ the last week its been very humid in So Cal... Today we're finally getting back to a typical summer day, and I like it... Anyway, I can see why homes in Braemer with patios are selling like hot cakes

Jul 23, 2015 07:42 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Roger D. Mucci -- And of course this week, when my niece is in town to sightsee, it is so sticky and hot outside, we can't think after being out in it for longer than fifteen minutes.

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- It's nice to have a milder summer.

Jul 28, 2015 08:52 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Jon Kolsky -- Patio homes are very popular.  They have HUGE bedrooms.

Jul 28, 2015 08:53 AM