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.
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.)