Braemar Townhouse Report: January-February 2016

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

Braemar Townhouse Report:  January-February 2016

Braemar Townhouse in Bristow, VAIt is another gorgeous spring day in Braemar.  We had a little early morning rain, but nothing substantial.  Didn't even need my rain jacket when showing homes bright and early this morning.  This is the time of year when the real estate market begins a fever pitch.  Real estate agents like myself strap in and know that we will be swept up in the spring activity.

Right now, let's take a look back at what happened in the Braemar townhouse market during the first two months of the year, in this edition of the Braemar Townhouse Report.  

Between January and February, there were five Braemar townhouses that sold.  Their sold prices ranged from $240,000 to $316,000.  The average of all five gives us our new average market value of Braemar townhouses--$281,180.  That's an increase of over 2% since last report and an increase in over 8.5% since last year.   Great news for Braemar townhouse values!

Braemar Townhouse Report:  January-February 2016

Like we've seen for years, buyers of Braemar townhouses expect they will be able to get closing cost help from sellers.   The average closing cost assistance this report is an average of 2% of the sales price.  That is also reliable information.

What is less reliable is the average marketing time we see in this report, which is 114 days.  Would it take 114 days for you to get your Braemar townhouse under contract if you put it on the market today?  Probably not.  The market is moving a lot faster now than it did at the end of 2015, which is when these homes were marketed.

The next Braemar Townhouse Report will be out in late May and will detail sales from March and April. 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!

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Virginia Prince William County Bristow Braemar
Groups:
City and State
Localism Success and Accountability Group
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
braemar realtor bristow va
braemar townhouse values bristow va
braemar real estate agent bristow va
braemar listing agent bistow va
braemar townhouse prices bristow va

Spam prevention
Show All Comments
Ambassador
2,301,630
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Looks like townhomes are a very affordable option in the Braemar area.

Mar 28, 2016 02:23 AM #1
Ambassador
2,662,379
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello, Chris Ann! This is a great market report. Thanks for sharing this and I hope you have a pleasant day ahead!

Mar 28, 2016 03:49 AM #2
Rainmaker
1,139,566
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Chris Ann Cleland - You know your market! This is a great benefit for buyers and sellers who hire you.  They can trust that you will do your homework for them to get the best value.

Mar 28, 2016 08:18 AM #3
Ambassador
3,899,762
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Chris Ann

You have once again demonstrated your in-depth knowledge of the Braemar townhouse market in this useful market report. Any buyers interested in purchasing in Braemar, or sellers wanting to sell, should get in touch with you right away and the market heats up!

Jeff

Mar 28, 2016 08:37 AM #4
Rainmaker
3,976,051
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Chris Ann...I am astounded at the prices of condo's.

In my are 3000 ft home on 10 acres and a 500 ft ploe building woudl go for less than 300,000

Mar 28, 2016 10:53 AM #5
Rainmaker
1,523,292
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

That is a very thorough market report for Braemer Townhomes Chris Ann.

Mar 28, 2016 12:16 PM #6
Rainmaker
3,218,329
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann -- a very thorough look at the townhouse segment of the Braemar real estate market.   Regardless of the type of home you consistently demonstrate the value you bring to both buyers and sellers.  You establish expectations, share historical references and offer a glimpse of things to come.  

All presented in a nice, neat package.  

Mar 29, 2016 04:38 AM #7
Rainmaker
2,189,289
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

These Braemar condos are unique to me in that one can be brick and the next townhome will feature horizontal siding. I don't think I've seen a complex where owners can choose their exteriors, well, not counting Cuba. :)

Mar 29, 2016 07:13 AM #8
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,073,271

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention