Braemar Piggyback Quarterly: April-June 2017 (2nd Quarter)

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

Braemar Piggyback Quarterly:  April-June 2017 (2nd Quarter)

Braemar Piggyback TownhouseDo you look forward to Friday?  If you have a Monday through Friday job, I bet you do.  Of course the kids enjoying their summer vacation (likely at the Braemar pools) are probably starting to lose track of what day of the week it is.  From the eyes of this Braemar Real Estate Agent, Fridays are not a day that is distinguishable from most.  Weekends are some of the busiest times a real estate agent encounters.  Of course this Friday, I'm plugging away at my Braemar market reports.  This one is the Braemar Piggyback Quarterly.  

Before we get started, let's clear up what we are talking about when we say piggyback.   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.  

Unfortunately, there were no sales of Braemar Piggyback townhouses in the second quarter.  That, however, does not mean I am not going to be able to give some updated value information.  This is the exact reason I started adding rolling six month and twelve month values.  So let's see what the updated six month and twelve month values tell us.

Braemar Piggyback Quarterly:  April-June 2017 (2nd Quarter)

The six month average and median sold prices (being the same value) are above the twelve month average and median sold prices.  That's good news.  You want to see those shorter term numbers above the longer term numbers.  

If you placed your Braemar Piggyback townhouse on the market, priced to current conditions, you could expect it to be under contract in about a month, maybe longer.  Right now there are two Braemar Piggyback townhouses for sale that have been on the market from  35 to 41 days.  There is yet another that went under contract in 35 days.  You may also be lucky enough to pay no closing cost help to the buyer.

The next Braemar Piggyback Quarterly will be out in October. Until then, if you want to know how pending sales or current market conditions are affecting your specific home's value, call me at 703-402-0037.  Since 2005, No One Knows Braemar Better!

 

 

Originally posted at SellingBraemar.com.

 

 

 

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Rainmaker
1,192,231
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Chris Ann

Even though I have been looking at these piggyback properties for quite some while on your website, their name still brings a grin. cheers cvc

Jul 14, 2017 02:07 PM #1
Rainmaker
3,336,308
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann --- I think it's important that you define "piggyback".  There are many terms used in ActiveRain posts that I've never heard prior to joining.  I'm sure those relocating to your area also appreciation "the lesson".  

Your quarterly update for this segment of the Braemar real estate market along with six/twelve month averages underscores the local value you bring that is so important to those interested in making a move.  Clear and concise.  

Jul 14, 2017 05:38 PM #2
Rainmaker
2,189,769
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Ah, the Braemar piggyback homes that I get such a kick out of.

As for looking forward to Friday, it's still usually busy, although yesterday was a bit more quiet than I expected. It was email storm more than phone storm. For me, Thursdays are usually the quietest day of the week because you know what that day is, right? Realtor day off. Well, still have to answer the phone and stuff.

Jul 15, 2017 11:08 AM #3
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