Bronxville NY Home Sales Are Up - October 2015

Home Sales Are Up In Bronxville NY - October 2015

Sales 

There were 12 unit sales in October. This is up 71.4% from 7 in October of 2014. Sales/list price ratio in October moved down to 95.4% from 95.9% in September.

Prices 

Median price in October was $1,110,000. This is up 46.1% from $760,000 in October of 2014. 3-month median price of $997,000 in October was down a little from $1,032,000 in September and down just slightly from $1,005,000 in October of 2014. Price per square foot in October was $452. This is up from $345 in September and up from $315 in October of 2014.

Inventory

Inventory of 88 in October was down 2.2% from 90 in September but up 3.5% from 85 in October of 2014. New listings in October were 18, unchanged from the same month last year. Months of supply of 6.8 in October was down modestly from 7.2 in September but up slightly from 6.2 in October of 2014.

Market Time 

Days on market of 86 in October was up considerably from 61 in September and up moderately from 68 in October of 2014.

To date there are currently 30 active single family homes on the market in Bronxville (Town of Eastchester), and within the sought after school district.  There were a total of 43 single family homes sold year to date, the absorption rate is 3.5 homes selling per month.

With current inventory levels it could take 8.5 months to sell through the active homes.  

This is important information for anyone considering selling their home.  It gives you a clear visual of how the local market in Bronxville is performing.  Proper pricing right from the start is crucial because otherwise you may sit on the market and wind up chasing it down the road.  

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.