Bronxville NY Residential Real Estate Market Report July 2014

Single Family Homes

Sales

There were 22 unit sales in June. This is down 15.4% from 26 in June of 2013. This is the highest unit sales have been since 25 in July, 2013. Sales/list price ratio in June moved up to 97.9% from 95.4% in May.

Prices

Median price in June was $1,300,010. This is up 5.1% from $1,237,500 in June of 2013. 3-month median price of $1,147,500 in June was very slightly up from $1,140,000 in May and up marginally from $1,137,500 in June of 2013.

Inventory

Inventory of 103 in June was down 6.4% from 110 in May and down 20.2% from 129 in June of 2013. New listings of 26 in June were way down from 40 in May but up modestly from 24 in June of 2013. Months of supply of 8.1 in June was down a little from 8.4 in May and down somewhat from 10.2 in June of 2013.

Market Time

Days on market of 87 in June was up moderately from 67 in May but down considerably from 152 in June of 2013.

Condos

Sales

Unit sales in June were 2. Sales/list price ratio in June was 95.2%.

Prices

Median price in June was $190,000. 3-month median price of $210,000 in June was down moderately from $300,000 in May and down considerably from $313,000 in June of 2013.

Inventory

Inventory of 18 in June was up 5.9% from 17 in May but down 25.0% from 24 in June of 2013. New listings of 4 in June were up considerably from 1 in May but way down from 8 in June of 2013. Months of supply of 9.8 in June was down just slightly from 10.2 in May and down considerably from 13.1 in June of 2013.

Market Time

Days on market in June was 20.

Coops

Sales

There were 16 unit sales in June. This is down 20.0% from 20 in June of 2013. Sales/list price ratio in June moved up to 100.6% from 94.6% in May.

Prices

Median price in June was $171,250. This is down 29.4% from $242,500 in June of 2013. This is the lowest median price has been since January, 2014. 3-month median price of $195,000 in June was down a little from $235,000 in May and down slightly from $235,000 in June of 2013.

Inventory

Inventory of 177 in June was up 0.6% from 176 in May but down 19.5% from 220 in June of 2013. New listings of 39 in June were down marginally from 40 in May but up modestly from 37 in June of 2013. Months of supply of 11 in June was very slightly up from 10.7 in May but down somewhat from 14.6 in June of 2013. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since January, 2014.

Market Time

Days on market of 116 in June was down moderately from 163 in May and down considerably from 197 in June of 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023

chris@legendsrealtygroup.net