Braemar Condo Quarterly: October-December 2015
It finally felt like winter today with the small snowflakes falling from the sky. Of course, the fourth quarter of 2015 brought exceptionally mild weather. I don't ever remember having a Christmas with temps near seventy.
Right now, it is time for another Braemar Condo Quarterly. This one is focusing on those last three months of 2015 as it pertains to Braemar condo sales.
There were only two Braemar condos that sold in the fourth quarter of 2015 and they both happened in late October. The high sold price was $260,000; the low, $245,000. Both of those numbers are higher than the high and low we saw in the third quarter of 2015. The average sales price of $252,500 is up over $5,000 since the third quarter. It's also up over $6,000 since the fourth quarter of 2015. This is good news.
If you placed your Braemar condo on the market, priced to current market conditions, you could expect it to be under contract in an average of five days. You could also expect to pay an average of about 1.5% of the sales price in closing cost assistance for the buyer.
The next Braemar Condo Quarterly will cover the first quarter of 2016 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.)