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

Bronxville NY Real Estate Market Report May 2014

Single Family Homes

Sales

There were 6 unit sales in April. This is down 53.8% from 13 in April of 2013. Sales/list price ratio in April moved up to 101.2% from 98.8% in March.

Prices

Median price in April was $1,737,500. This is up 13.9% from $1,525,000 in April of 2013. 3-month median price of $1,837,500 in April was up considerably from $1,450,000 in March and up substantially from $1,136,250 in April of 2013.

Inventory

Inventory of 57 in April was up 7.5% from 53 in March but down 54.8% from 126 in April of 2013. New listings of 17 in April were up moderately from 14 in March but way down from 36 in April of 2013. Months of supply of 4.5 in April was up a little from 4 in March but down substantially from 10.4 in April of 2013.

Market Time

Days on market of 72 in April was way down from 145 in March and down considerably from 171 in April of 2013. This is the lowest days on market has been since May, 2011.

Condos

Inventory

Inventory this month is 7, the same as last month. Months of supply of 4.2 in April was up considerably from 3.4 in March but down substantially from 7.8 in April of 2013.

Coops

Sales

There were 1 unit sales in April. This is down 93.3% from 15 in April of 2013. On a year-over-year basis, unit sales have been falling for 4 months. Sales/list price ratio in April moved up to 98.1% from 96.9% in March.

Prices

Median price in April was $205,000. This is down 12.8% from $235,000 in April of 2013. 3-month median price of $200,000 in April was up a little from $171,000 in March but down slightly from $212,500 in April of 2013.

Inventory

Inventory of 93 in April was down 3.1% from 96 in March and down 51.3% from 191 in April of 2013. New listings of 3 in April were way down from 7 in March and down substantially from 36 in April of 2013. Months of supply of 6.2 in April was very slightly up from 6 in March but way down from 12.8 in April of 2013.

Market Time

Days on market of 364 in April was up substantially from 135 in March and up considerably from 181 in April of 2013. This is the highest days on market has been since April, 2010.

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

914.332.6300 office
914.406.9023 cell

chris@legendsrealtygroup.net