Braemar Piggyback & Patio Quarterly: October-December 2015

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

Braemar Piggyback & Patio Quarterly:  October-December 2015

Braemar may be getting its first snow this coming Friday.  The prediction I heard today was anywhere from two to twnety-four inches.  That gives the forecaster a large margin of error.  Of course, they are FOREcasting.  In the Braemar market reports I prepare, I am looking to the most recent sales to give you an idea where your home's value may fall in the future.  

This particular report will focus on the fourth quarter of 2015 and the Braemar Piggyback and Patio homes sold during that time.  We'll compare to last report (July-September 2015) and last year (October-December 2015.)  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. 


Breamar Piggyback TownhomePIGGYBACK

There were two Piggyback townhouses that in the fourth quarter.  The fact that there were two sales is great because there were none in the entire fourth quarter of 2014.  The high sold of $295,000 and the low sold price of $278,000 were both lower than what we saw last quarter.    The average sold price of 286,500 is down over $7,000 since last quarter.  At the time of this report, there is one Piggyback townhouse for sale, listed for $289,900.

Braemar Piggyback Values, 4th Quarter 2015

If you placed your Braemar Piggyback townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of 48 days. You could also expect to pay 2% of the sales price in closing cost help to the buyer.

 

PATIO

Only one Braemar Patio home sold in the fourth quarter, same as we saw in the fourth quarter of 2014.  12849 Rannoch Forest is the Patio Home that sold this report.The good news is that sold for more than $7,000 higher than what we saw last year--$305,000.   Using this as a place holder for average value, it is even higher than the average we had in the third quarter with six sales to report!  

Braemar Patio Home Values, 4th Quarter 2015

If this sale is any indication, you could expect it to take about two and a half months to get your Patio home under contract.  You may also be expected to pay 3% of the sales price in closing cost help on behalf of the buyer.

The next Braemar Piggyback & Patio Quarterly will cover the first quarter of 2016 and will be out in April.  Until then, when you are ready to sell your Braemar home, call me for a free market analysis.  No One Knows Braemar Better!

 

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information System.)

Comments (5)

Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Chris Ann Cleland I love how your Market Reports are so clear and to the point with the most important facts for everyone to follow. I can imagine that you guys must be tired of all the snow up in your area.

Jan 18, 2016 12:27 PM
Chris Ann Cleland

No snow yet.  We'll see if this one actually pans out on Friday. 

Jan 19, 2016 09:41 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Chris Ann. Very well done market report, you sure do know this area. All important information for anyone consider buying the next home.

Jan 18, 2016 06:54 PM
Chris Ann Cleland

I like to keep on top of local market news.

Jan 19, 2016 09:41 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann -- nice tie in with weather forecasting and real estate market reports.   Your updates combine the facts as well as the story behind the numbers making you an expert in the areas you cover.  

Jan 18, 2016 10:38 PM
Chris Ann Cleland

Thanks!

Jan 19, 2016 09:41 AM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

This is fantastic information. Thank you for sharing and best of luck!

Jan 18, 2016 11:58 PM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Chris, Great Market Report. Thanks for the information on the local community sales!

Jan 23, 2016 06:19 AM