Braemar Condo Quarterly: January 2011-March 2011

By
Real Estate Broker with Long & Foster REALTORS®, Gainesville, VA VA License # 0225089470

With the first quarter of 2011 behind us, it's time to take a look at the first three months' resale activity for condos in Braemar.  This will give us a great idea as to the average market value for Braemar condos and other market factors at work in our local real estate market.

There were only two resales of Braemar condos during the first quarter.  This is two fewer than the fourth quarter of 2010.  However, with both of the condos having sold for $205,000, our average market value is up over 3% in one quarter.  The two sales were comprised of one Short Sale and one regular sale.  Condos currently under contract, or on the market, include two Short Sales and one Foreclosure.

If you placed your Braemar condo on the market today, and priced it to current market conditions, this report indicates that you could expect to be under contract in about five weeks.  You could also expect a Buyer to ask for 3% of the sales price in closing cost assistance.

The next Braemar Condo Quarterly will be out in June. Until then, if you are thinking of selling your Braemar condo, give me a call.  As a full-time Bristow real estate agent since 2005, and a Short Sale Specialist since 2007, I can help you no matter your current situation.  Remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

Posted by

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

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Rainmaker
117,447
Anne Clark
Metro Referrals

Looks like the average, the median, the mean, the high and the low sales price are all the same.  That makes like easy.

April 10, 2011 03:11 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Anne:  It sure does.  $205,000 seems to be the magic number if you are selling a Braemar condo these days.

April 11, 2011 12:32 PM
Rainmaker
117,447
Anne Clark
Metro Referrals

Just one more month and it will be time for another Braemar Condo Quarterly.

August 29, 2011 06:02 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Anne:  It's hard to believe that it's almost September.  Where did this year go?

August 29, 2011 09:46 PM
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Chris Ann Cleland

Associate Broker, Northern VA
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