Monday, August 18, 2014

Bronxville NY Real Estate Market Trends July 2014



Bronxville Single Family Homes


Sales
Unit sales in July were 25, unchanged from the same month last year. On a year-over-year basis, unit sales have been rising or even for 4 months. This is the highest unit sales have been since 26 in June, 2013. Sales/list price ratio in July moved down to 96.5% from 97.9% in June.

Prices
Median price in July was $1,210,000. This is down 3.2% from $1,250,000 in July of 2013. 3-month median price of $1,155,000 in July was up marginally from $1,147,500 in June and up a little from $1,078,750 in July of 2013.

Inventory
Inventory of 93 in July was down 8.8% from 102 in June and down 18.4% from 114 in July of 2013. New listings of 16 in July were down considerably from 26 in June and down modestly from 17 in July of 2013. Months of supply of 7.3 in July was down slightly from 8 in June and down a little from 9 in July of 2013.

Market Time
Days on market of 68 in July was down moderately from 87 in June and way down from 109 in July of 2013.


Bronxville Condos

Prices
3-month median price of $290,000 in July was up considerably from $210,000 in June and up slightly from $260,000 in July of 2013.

Inventory
Inventory of 13 in July was down 23.5% from 17 in June and down 51.9% from 27 in July of 2013. New listings in July were 4, unchanged from the same month last year. Months of supply of 7.8 in July was down a little from 9.3 in June and way down from 14.1 in July of 2013. This is the lowest months of supply has been since February, 2014.

Bronxville Coops

Sales
There were 17 unit sales in July. This is down 15.0% from 20 in July of 2013. This is the highest unit sales have been since 18 in December, 2013. Sales/list price ratio in July moved down to 95.9% from 100.6% in June.

Prices
Median price in July was $270,000. This is up 15.6% from $233,500 in July of 2013. 3-month median price of $185,000 in July was down modestly from $195,000 in June and down considerably from $232,500 in July of 2013.

Inventory
Inventory of 168 in July was down 2.3% from 172 in June and down 23.6% from 220 in July of 2013. New listings of 28 in July were down considerably from 39 in June but up slightly from 26 in July of 2013. Months of supply of 10.6 in July was down just slightly from 10.7 in June and down considerably from 14 in July of 2013.

Market Time
Days on market of 128 in July was up slightly from 116 in June but down moderately from 188 in July of 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023 cell
914.332.6300 office
mrwestchester.blogspot.com

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