Cindy Landis on Real Estate Market in 2020
By Cindy G. Landis, Brokerage Manager, Bronxville Office of Houlihan Lawrence
Jan. 13, 2021: Dear Neighbors, Happy New Year!
Scrolling through my social media feeds, I saw that many people were happy to bid adieu to 2020. The year was certainly unprecedented.
There was a silver lining for the Bronxville real estate market in 2020. #NorthofNYC. First reactions to the pandemic were from renters, who urgently sought short-term solutions to sequester themselves and their families and ride out the storm. Ultimately, many people accelerated their timelines for moving out of the city, leaving a year or more earlier than expected.
Additionally, people sought more space to accommodate working and learning from home and sought outdoor recreation with privacy. This resulted in a boon for many suburban communities.
In Bronxville village, single-family detached home sales rose nearly 9% on top of a 2019 unit increase of 46%. Sixty-two units closed, which is the highest number of sales in a decade and perhaps one of the largest numbers of closings in memory.
The median sale price was lifted by strength in the $3 million+ price range and rose 20% to $2,337,500. The sweet spot was in the $2 to $2.99 million range, which accounted for 53% of sales.
Price per square foot declined slightly to $581 per square foot from $590 per square foot in 2019. It is the third year over year dip. Prices per square foot were upward of $600 from 2013-2018.
The highest sale was $6,975,000, and there were no sales less than $1,000,000.
Bronxville village townhouse sales increased slightly to 13 closings in 2020 compared with 12 in 2019, which continued a 2-year upward trend.
The median sales price declined to $1,100,000 in 2020 from $1,117,750 in 2019 (-1.5%), but the average price per square foot rose to $635, higher than 2019’s $611 and above the price per square foot for single-family detached homes.
The range of sale prices was $827,000 to $1,275,000.
Bronxville village coops experienced a decline in units, from 33 in 2019 to 27 in 2020, but the median sale price shot up to $700,000, an 11+% increase. Likewise, the price per square foot rose to $513 per square foot from 2019’s $463. That’s nearly 11%.
Sale prices ranged from a studio apartment sold at $229,000 to a beautiful penthouse that closed for $1,525,000.
Other Surrounding Markets:
Bronxville PO/Yonkers sales climbed 71%. Seventy-two units closed in 2020 compared to 42 in 2019. The median sale price rose to $775,000 from slightly shy of $700,000 last year.
The trifecta was a rise in price per square foot: $351 compared to 2019’s $328, a 7% increase.
Only three homes sold for less than $500,000, and 12 homes closed above $1,000,000. The highest sale was $1,675,000.
Bronxville PO/Tuckahoe also benefitted from the rising tide. Unit closings rose to 36 in 2020 from 25 in 2019, a 44% increase in transactions. The median price was also up nearly 7%, and 15 of the 36 closings were over $1,000,000.
The Fleetwood area of Mount Vernon (10552) experienced a rise in median price of 13% to a median of $650,000 from $575,000. The number of sales declined ever so slightly from 89 closings in 2019 to 86 in 2020, but there were four sales over $1,000,000.
Thoughts for 2021:
Strategic initial pricing is important to capture buyers and avoid logging high days on the market.
Updated, high-quality finishes continue to hold maximum appeal to buyers.
Inventory is low, but buyers are choosy.
Stay well.
Pictured: Cindy G. Landis, brokerage manager, Bronxville office of Houlihan Lawrence.
Photo courtesy Houlihan Lawrence
Editor's note: As a public service, MyhometownBronxville publishes articles from local institutions, officeholders, and individuals. MyhometownBronxville does not fact-check statements therein, and any opinions expressed therein do not necessarily reflect the thinking of its staff.
Real Estate Directory
Bronxville is a quaint village (one square mile) located just 16 miles north of midtown Manhattan (roughly 30 minutes on the train) and has a population of approximately 6,500. It is known as a premier community with an excellent public school (K-12) and easy access to Manhattan. Bronxville offers many amenities including an attractive business district, a hospital (Lawrence Hospital), public paddle and tennis courts, fine dining at local restaurants, two private country clubs and a community library.
While the earliest settlers of Bronxville date back to the first half of the 18th century, the history of the modern suburb of Bronxville began in 1890 when William Van Duzer Lawrence purchased a farm and commissioned the architect, William A. Bates, to design a planned community of houses for well-known artists and professionals that became a thriving art colony. This community, now called Lawrence Park, is listed on the National register of Historic Places and many of the homes still have artists’ studios. A neighborhood association within Lawrence Park called “The Hilltop Association” keeps this heritage alive with art shows and other events for neighbors.
Bronxville offers many charming neighborhoods as well as a variety of living options for residents including single family homes, town houses, cooperatives and condominiums. One of the chief benefits of living in “the village” is that your children can attend the Bronxville School.
The Bronxville postal zone (10708, known as “Bronxville PO”) includes the village of Bronxville as well as the Chester Heights section of Eastchester, parts of Tuckahoe and the Lawrence Park West, Cedar Knolls, Armour Villa and Longvale sections of Yonkers. Many of these areas have their own distinct character. For instance, the Armour Villa section has many historic homes and even has its own newsletter called “The Villa Voice” which reports on neighborhood news.
Park Sterling Realty
17 1/2 Park Place Bronxville, New York 10708
914-337-1234
https://www.parksterlingrealty.com/
Houlihan Lawrence
4 Valley Road Bronxville, New York 10708
914-337-0400
www.houlihanlawrence.com/offices/Bronxville
www.houlihanlawrence.com
Houlihan & O'Malley
133 Parkway Road Bronxville, New York 10708
914-337-7888
Julia B Fee Sotheby's International Realty
2 Park Place
Bronxville, NY 10708
914-620-8682
Compass
130 Pondfield Road, Suite 10
Bronxville, New York 10708
914 337 0070
Bertine, Hufnagel, Headley, Zeltner, Drummond & Dohn LLP
Established in 1929, Bertine, Hufnagel is "a general practice law firm, offering clients expertise in both individual and commercial matters." Their broad range of services include the following: Wills, Estate
Planning and Taxation, Probate and Estate Administration, Elder Law, Real Estate (commercial, residential, condominiums and cooperatives), Commercial Law and Transactions, Litigation and Banking Law.
700 White Plains Road
Suite 237
Scarsdale, New York 10583
(914) 472 7700
(914) 472 1946 (fax)
www.bertinehufnagel.com
Suzanne M. Bloomer
Wills, Trusts, Estates and Real Estate
85 Pondfield Road
Bronxville, New York 10708
914-337-0142
This email address is being protected from spambots. You need JavaScript enabled to view it.
George R. Mayer, Esq.
65 Pondfield Road #6 Bronxville, New York 10708
914-337-3033 (tel)
914-337-1038 (fax)
www.bronxvillelaw.com
This email address is being protected from spambots. You need JavaScript enabled to view it.
Griffin, Coogan, Sulzer & Horgan, P.C.
Attorneys and Counselors at Law
Located in Bronxville, New York, Griffin, Coogan, Sulzer & Horgan, P.C. takes great pride in providing our clients with comprehensive, high quality legal services in a responsive manner. The firm concentrates its practice in real estate law with a primary focus on issues relating to real estate tax litigation (also known as tax certiorari), real estate transactions, valuation law, real property taxation and tax planning and real property tax exemption matters throughout New York State.
The firm serves as general counsel for several local cooperatives and represents clients in various issues relating to wills, trusts and estate planning.
51 Pondfield Road
Bronxville, NY 10708
(914) 961-1300
This email address is being protected from spambots. You need JavaScript enabled to view it.
Kim O'Toole, Esq.
80 Sagamore Road
914-961-6175 (tel)
914-337-3292 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Mary Anne O'Callahan, Esq.
32 Gramatan Court Bronxville, New York 10708
914-779-3558 (tel)
914-779-5182 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Nobile, Magarian & DiSalvo
We are hardworking and dedicated attorneys who, combined, have more than 150 years of experience delivering quality legal advice. Our cutting edge is our ability to enter both the conference room and the courtroom with strength. Our law firm provides legal representation and counsel for both individual and business clients on issues related to estate planning and administration, real estate law, litigation, and business law. Our practice areas include: Commercial Litigation, Business Law, Real Estate, Wills, Estate Planning, Trusts, Estate Administration, Living Wills, Health Care Proxies, Powers of Attorney, Not For Profits, and Employment Law.
111 Kraft Avenue
Bronxville, NY 10708
914-337-6300
Veneruso, Curto, Schwartz & Curto, LLP
Veneruso, Curto, Schwartz & Curto is dedicated to providing businesses and individuals with exceptional legal services customized to each client's needs and objectives. Practice areas include litigation, real estate, not for profit, wills and estate planning, land use and zoning, business and corporate, cooperative and condominium and real estate tax assessment litigation.
The Hudson Valley Bank Building
35 East Grassy Sprain Road, Suite 400
Yonkers, New York 10710
914-779-1100
Peter W. Williamson, Esq.
141 Parkway Road
914-337-3434 (tel)
914-337-3392 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Leslie Homer
71 North Avenue New Rochelle, New York 10801
914-632-8989
www.homerinsurance.com
This email address is being protected from spambots. You need JavaScript enabled to view it.
John L. Vorbach Company, Inc. Insurance Brokers
Manhattan Media & Technology Center
65 Broadway, 9th Floor
New York, New York 10006
212-294-4900 x 112
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.vorbach.com
Linda Graef Jones, Private Client Sales Executive
Personal Risk Management Solutions
Focuses solely on personal insurance and
provides unique, customized solutions that save
money and time and create peace of mind.
6 East 43rd Street
New York, New York 10017
914-645-3951
This email address is being protected from spambots. You need JavaScript enabled to view it.
Palmer-Tanno Agency, Inc.
Independent Insurance Agents since 1948
Greg Tanno
141 Parkway Road, Suite #11
Bronxville, New York 10708
914-793-6603
This email address is being protected from spambots. You need JavaScript enabled to view it.
Ranieri Insurance Agency
Auto, Home, Business & Life
Over 50 Years' Experience
Paul D. Ranieri, CPCU
457 Palmer Road
Yonkers, NY
914-376-2560
This email address is being protected from spambots. You need JavaScript enabled to view it.
Rollins
Insurance and Risk Management Solutions
Since 1910
65 Main Street
Tuckahoe, New York 10707
914-337-1833
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.rollinsinsurance.com
Edwin Gemes, Ltd.
Bronxville
914-779-7580
This email address is being protected from spambots. You need JavaScript enabled to view it.
Madeline Eckett Oden Interiors
61 Beechmont Avenue
Bronxville, New York 10708
914-779-3935
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jane Mitchell
9 The Byway
914-337-1216
Samuel Botero Associates, Inc.
215 East 58th Street
Suite 6B
New York, New York 10022
212-935-5155
www.botero.com
Sandra Steele Schneider Interiors
70 Burkewood Road
Mount Vernon, New York 10552
914-668-4468
This email address is being protected from spambots. You need JavaScript enabled to view it.
Serendipity Interior Design, LLC
Catherine Wyner
203-846-0809 or 203-637-9266
Shannon Interiors LTD.
Kelly Shannon Jelensperger, President
81 Pondfield Road #344
Bronxville, New York 10708
914-793-1629 (O)
914-953-7584 (C)
914-793-2195 (F)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Architects
Dean Davis
2 Park Place
Bronxville, New York
914-961-5953
Michael Davis
435 Hudson Street, 8th Floor
New York, New York 10014
212-645-6066
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.michaeldavisarchitects.com
Charles Hilton
Hilton Vanderhorn Associates
31 East Elm Street
Greenwich, Ct. 06830
203-862-9011 (tel) 203-862-9196 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.hilton-vanderhorn.com
Scott Koniecko Architects
80 8th Avenue
Suite 1600
New York, New York 10011
212-620-3924 (tel)
212-620-7640 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Maggie Marrone Architects
914-771-6750
This email address is being protected from spambots. You need JavaScript enabled to view it.
Peter Pennoyer Architects
432 Park Avenue South, 11th Floor
New York, New York 10016
212-779-9765
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ppapc.com
Radoslav Opacic Architects
24 N. Astor
Irvington, New York 10533
914-591-4306 (tel)914-591-4308 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.opacicarchitects.com
Landscape Architects
Renee Byers, Landscape Architect P.C.
10 Avon Road
Bronxville, New York 10708
914-337-3103
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.reneebyers.com
Engineers
Civil Engineer
Brett Auerhahn P.E.
914-961-2242
Chimney Sweep
Egan Chimney Sweeps
845-628-8515
Electric
Keating Electric & Technologies
115 Wall Street
Valhalla, New York 10595
914-747-9294
www.keatingelectric.com
Lippolis Electric
445 5th Avenue
Pelham, New York 10803
914-738-3550
James A. Stone
96 Congress Street
Harrison, New York 10528
914-835-0447
White Electric, Inc.
128 Fulton Street
White Plains, New York
914-946-5566
www.whiteelectric.com
General Contractors
Vincent Franco
R-Men Contracting
179 Summerfield Street
Scarsdale, New York 10583
914-472-7007 (tel) 914-472-0451 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.
Arthur Lange Inc.
841 Tuckahoe Road
P.O. Box 993
Bronxville, New York 10708
914-337-4422 (tel) 914-395-0471 (fax)
www.arthurlangeinc.com
Heating & Cooling
Absolute Comfort & Temperature Control Inc.
Mr. Paul Gomprecht, President
914-761-0529
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.Absolutecomfortcontrol.com
Richards Conditioning Corp.
70 Marbledale Road
Tuckahoe, New York 10707
914-337-0300
Besson Oil Inc.
140 Marbledale Road
Tuckahoe, New York 10707
914-779-0008
Iron Work
Debra Coddington
Arrowsmith Forge
3788 Rte 44
Millbrook, New York
845-677-5687
www.arrowsmithforge.com
Locksmith
LMC Safe, Lock & Key
Luigi M. Cattzia II
914-241-1583
Painters
All Colors Painting Co.
69 Delaware Road
Yonkers, New York 10710
(Johnnie & Joey)
914-964-9148
Mateus Neto Painting Co.
95 Chase Avenue
Yonkers, New York 10703
914-965-9561
Pick up and take away
Robert Rabsey
914-954-4366
Technical Help
Computer, Network & Internet Services
Gerry McLoughlin
914-337-7084
www.GerryMcL.com
Computer Tutor @ PCI
914-337-1700
www.computertutorpci.com
Geeks on Wheels
Dylan Hall
Harrison, New York
914-562-1800
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.geeks-on-wheels.net
The Computer Nerds, Inc.
PO Box 31
Bronxville, New York 10708
914-779-7952
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.thecomputernerdsinc.com
TV & Steroes
AV Design
130 East Main Street
Elmsford, New York 10523
Design
Maureen Hackett
Hackett Landscape Design Inc.
212-768-4242 and 917-494-8084
Renee Byers, Landscape Architech P.C.
10 Avon Road
Bronxville, New York 10708
914-337-3103
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.reneebyers.com
Maintenance
Frank Bulfamonte & Sons, Inc.
914-235-1835
26 Circuit Road
New Rochelle, New York 10805
914-235-1835
Land Productions Inc.
360 Adams Street
Bedford Hills, New York
914-666-8214
Lieb's Nursery & Garden Center
1 Askins Place
New Rochelle, New York 10801
914-632-5599
Florists
Tryforos and Pernice
73 Pondfield Road
Bronxville, New York
914-337-2525
Plants & Nurseries
Lieb's Nursery & Garden Center
1 Askins Place
New Rochelle, New York 10801
914-632-5599
Rosedale Nurseries
51 Saw Mill River Road, Route 9A
Hawthorne, New York 10532-1598
914-769-1300
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.rosedalenurseries.com
Sprainbrook Nursery, Inc.
448 Underhill Road
Scarsdale, New York 10583
914-723-2382
www.sprainbrook.com
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