Braemar Townhouse Report: May-June 2015

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

Braemar Townhouse Report:  May-June 2015

Have you been noticing a lot of real estate signs in the yards of Braemar townhouses this summer?  I bet you have and in this edition of the Braemar Townhouse Report, I will let you know why.

During the months of May and June, there were seventeen sales of Braemar townhouses.  Final sales prices ranged from $235,000 to $334,900.  The average of all seventeen sales gives us our new average market value for Braemar townhouses of $297,259.  That is nearly a 4% increase in average market value since last report.  However, it is not quite a 1% drop in average market value compared to last year.

Braemar Townhouse Report:  May-June 2015

If you placed your Braemar townhouse on the market, priced to current market conditions, you could expect it to be under contract in a month.  You could also expect a buyer to ask for an average of a about 1.5% of the sales price is closing cost help.

The next Braemar Townhouse Report will be out around late September and will detail sales from July and August. 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.)

 

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Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

That's not much of a concession to ask for to buy a Braemar townhouse, that 1.5%. In Sacramento, buyers more often than not ask for a full 3% of the sales price.

Aug 09, 2015 08:21 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Chris Ann Cleland 

Very thorough and informative overview of the Braemar townhouse market. We see some closing costs  as concessions but it's not all that common, if the MLS is to be believed

Jeff

Aug 10, 2015 05:44 AM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- If you want the house, you have to tone it down to get the offer accepted.  That's what it boils down too.

Jeff Dowler CRS -- When you start questioning the data in the MLS, that's not good.

Aug 10, 2015 09:59 AM #3
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Chris Ann Cleland

Associate Broker, Bristow, VA
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