Are You Considering Moving To Bronxville NY?

Bronxville is one of my favorite villages in all of Westchester County.  Not only because I was born in Lawrence Hospital or that my parents were born and raised here, but because it has a special charm that doesn't exist in many of the other towns.  The architecture is warm, historic, charming, and valuable!  Many don't realize that buying a home that is actually within the Bronxville school district can be quite a feat under a million dollars.  

Are you considering a move to Bronxville NY?  Many people often wonder if Bronxville is part of Eastchester or part of Yonkers.  Bronxville (and Tuckahoe) is a village within the town of Eastchester NY.  There are parts of Bronxville, outside the village that land in Yonkers.  So you will have a Bronxville PO box but Yonkers schools.  All residents of Yonkers have to pay an income tax surcharge of 16.75% of their net state income, more info can be found at http://on.ny.gov/1tfAFjy.  

The village of Bronxville is roughly one square mile, boasting gracious single family homes on pleasant streets.  The majority of homes are within walking distance to the train and one big reason many flock here from NYC.  There are a wide variety of coops and condos to choose from if you aren't looking to take on a single family home just yet.  One common element you will find is old world charm in all housing options.  Please keep in mind that a 2+ bedroom coop or condo in the Bronxville school district will greatly differ in price from one that is in the Yonkers district.  

If you are wondering if Bronxville is right for you I recommend taking a day trip, walking the town, and maybe even speaking to a few locals.  If you would like Bronxville real estaste listings that cater to your specific needs please feel free to visit my website www.WestchesterCountyRealEstateMarket.com, email me chris@legendsrealtygroup.net, or call direct on 914.406.9023.  I'm happy to do this with no strings attached.

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

chris@LegendsRealtyGroup.net

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