Braemar Condo Quarterly: October-December 2015

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

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.

Braemar CondoRight 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.)

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Rainmaker
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Wow Chris-expect your unit to sell in 5 days! That is amazing and the prices are up too!

Jan 17, 2016 07:36 AM #1
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

This a very easy to read and understand quarterly condo report Chris Ann Cleland. Well done! 

Jan 17, 2016 11:14 AM #2
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Chris Ann - That's a great overview of what's going on with Braemar condos - you are definitely the neighborhood expert.

Jan 18, 2016 04:11 AM #3
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

You give people realistic expectations about the Braemar real estate market, and probably in such a way that surprises them. As for the weather, well, it's 20 below in Minneapolis today and it was 70 in Sacramento, and you can guess where I am glad to be.

Jan 18, 2016 09:16 AM #4
Rainmaker
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Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. A valuable market report for buyers and sellers in your community!

Jan 21, 2016 05:53 AM #5
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Chris Ann Cleland

Associate Broker, Bristow, VA
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