Braemar Townhouse Report (Bristow, VA): September - October 2009

Braemar Townhouses continued to be in demand as we started the Fall selling season in September 2009. Overall, between the months of September and October, there were 5 Breamer townhouse resales, which I divided into two categories: Garage Townhouses and Townhouses with No Garage. When comparing sales prices, it is always best to compare like to like.

Braemar Townhouses without Garages gained some ground this report. After only two resales, the average sales price has gone up 10.6% since last report (July-August 2009) to $212,000 this report (September-October 2009). Average seller subsidy (closing assistance from seller to buyer) was up 65% to $2,998. And if you were thinking of selling your Braemar Townhouse without a Garage, you can expect to have it under contract (if priced to current market conditions) in just under two weeks. That's nearly identical to last report.

Braemar Garage Townhouses lost some value this report. After three resales, average sales price is down to $215,000 since last report...a 7.9% loss in two months. Average seller subsidy is up 14.7% since last report, to $5,698 this report. And if you are thinking of selling your Braemar Garage Townhouse, you can still expect to have it under contract (if priced to current market conditions) in a week's time.

I prepare the Braemar Townhouse Report every two months. The next one will be out in January. If you would like to receive a hard copy, send me an email and I'll add you to my mailing list. Otherwise, you can check my website to see average sales prices of Braemar Townhouses dating back to 2006. Go to www.nvarealestate.net and click the link on the left for Braemar Townhouse Report Online. The two categories will look like this:

In the meantime, if you are thinking of buying or selling a Braemar townhouse, don't hesitate to call.

No one knows Braemar better!

Chris Ann Cleland, Long & Foster, Realtor, Licensed in Virginia

703-402-0037, chrisann@LNF.com