Make this your home page

Letters to the Editor

Please type the number 5 below to submit

Sponsored Links

Bronxville Weather

°F | °C
invalid location provided
Real Estate
Real Estate

Priscilla Toomey: When It Comes to Selling Real Estate, Is the Price Right? PDF Print Email

By Pricilla R. Toomey, Associate Broker, Julia B. Fee/Sotheby's International Realty

Apr. 15, 2015:  One of the most challenging aspects of selling a home is pricing it correctly. But just what does "correctly" mean?

* To get the highest price in the shortest time?

* To get the highest price without a time limit?

* To get the best combination of price and terms (amount of cash versus mortgage, closing date, contingencies)?

* To beat the competition on price to achieve a quicker sale?

* To stimulate a bidding war in the hopes of getting a higher price?

* To build in enough "wiggle room" for price negotiation?

* To get the price the sellers have their heart set on?

A better place to start analyzing a pricing strategy is to take a close look at the market.

* How much competition is there for the property, what is the condition of the house, how long has it been on the market? 

* Do the same analysis for houses under contract and those that have sold within the past year.

* Know the current absorption rate--how quickly are homes at your price point and in your local market selling. If the absorption rate is about six months, the market is stable. If it is taking longer, the market is favoring buyers. If shorter, the market is favoring sellers.

* Try to be as objective as possible--try to look at your house through the eyes of a buyer. Ask your agent and other experts what they see as the positives and negatives.

* Hire a stager to put your home's best foot forward.

* Recognize that price per square foot isn't always the reliable measurement some people think it is. Measurements are taken by different people differently.

* Know what the property card and certificate of occupancy for your house say. That is what you are selling and your buyer will check into them and make sure they are in order. If something needs to be changed, such as the closing out of a permit, make sure to do that well in advance.

Welcome to the spring market!

Pictured here:  Priscilla Toomey, associate broker, JD, ABR, Top5, certified EcoBroker, SRES with Julia B. Fee/Sotheby's International Realty, 2 Park Place, Bronxville, NY 10708; cell, 914-559-8084; e-mail, CLOAKING .

Photo courtesy Julia B. Fee/Sotheby's International Realty

NBC Program 'Open House' to Feature Bronxville Home PDF Print Email

By Bill Dowling

Apr. 8, 2015: NBC New York's Open House will feature the Bronxville home at 34 Prescott Avenue on its Sunday, April 19, show on Channel 4 at 8:30 am. The crew was here on March 18 filming the show, which is hosted by Bronxville resident Sara Gore.

The featured house is owned by Elena Agostinis Patterson, prominent local painter and sculptor, owner of local boutique Chaos, and wife of racing driver Mark Patterson.

"Bronxville has played an important part in the lives of our family, and Mark and I will miss it," Patterson said. Their historic (1898) Hilltop house, which contains many of her paintings and art installations as well as her husband's collection of sculptures, was put on the market recently by Bill Dowling of Julia B. Fee/Sotheby's International Realty.

"Walking through their house is like going through an art gallery," said Dowling. Their home includes Elena's paintings, sculptures, and art installations, as well as their collection of important bronze sculptures and paintings. Elena and her husband, Mark, are from South Africa, and their collection reflects that heritage as well as their travels to India, Mexico, Ethiopia, Mali, Burkina Faso, and Morocco.

Their house was designed by William Bates, who designed many Lawrence Park Hilltop houses for artists in the 1890s. The Pattersons were inspired by the scale and playfulness of Bates's designs. After buying the house in 1993, they embarked on a creative interpretation of Bates's work, first in the existing parts of the house and later adding a new two-story tower, a kitchen extension, and a lower driveway with a two-car garage and a patio on top.

"We think we have Bronxville's most colorful home," Elena said recently.

Elena is well known for her project to repaint the commercial buildings in Tannersville, NY, in her bold colors. The result was an economic rebirth of what was a remote, sleepy village in the Catskill Mountains. The story and success of this project has been widely publicized and has twice been featured on the Today Show. It has also been reported in the New York Times and other news media.

In addition to Elena's boutique in Bronxville, she opened Chaos in Manhattan and recently opened a contemporary art gallery, "Say What?" in Tannersville. Elena holds a BA in graphic design from Stellenbosch University in South Africa, and all of her projects reflect that training and discipline. 

Pictured here: Elena and Mark Patterson's home in the snow on Prescott Road.

Photo courtesy Bill Dowling

Sheila Stoltz: Real Estate Sales in Bronxville: First Quarter Summary PDF Print Email

By Sheila Stoltz, Associate Real Estate Broker, Houlihan Lawrence

Apr. 1, 2015: It has been an interesting first quarter. The market has been busy, but deal activity has been low relative to last year at this time. The slower first quarter could be because of the very cold and snowy weather. 

Buyers for the Bronxville school district come from a number of places. For the past year, 34% of buyers have come from within Bronxville, 12% from Westchester, Putnam, and Dutchess Counties, 41% from New York City, 2% from the tristate area, and 10% from relocation outside of the tristate area. I expect the market to be a little slow until after the April break and hope for a pickup in activity after the holidays. 

Bronxville Village Single-Family Homes

In 2014, 9 homes had closed from 1/1/2014-3/23/2014 at an average price of $2.5 million ($634 psf). In 2015, 3 homes have closed for an average price of $2.9 million ($728 psf).  Eleven homes are under contract, and there are 34 active listings on the market for an average price of $3.7 million. There are only two single-family homes listed below $2.0 million, and 16 single-family homes are listed above $3.0 million. I do think the warmer weather will bring more buyers and sales. Interest rates remain low but are ticking up, which is motivating buyers to act now as well.

Bronxville Village Town Homes

There have been 4 town home sales this year at an average price of $1.0 million ($646 psf). There are 4 town homes under contract and 6 town homes on the market, so inventory is very manageable. In 2014, at this time, 2 town homes had closed for an average price of $1,387,500 ($592). The town home market in Bronxville Village remains very strong.

Bronxville P.O./Yonkers

In 2014, 6 homes at an average selling price of $900,000 ($286 psf) sold through 3/23/2014. Year-to-date 2015, 5 homes have sold in this area for an average price of $793,000 ($290 psf). Currently there are 6 homes under contract and 31 homes on the market.

Bronxville P.O./Tuckahoe

In the beginning of 2014, 2 homes sold in this market for an average price of $1,362,500 ($458). In the first part of 2015, 4 homes have closed for an average price of $1,112,375 ($344 psf), with 4 homes under contract and 20 homes on the market. This market is having a strong beginning to 2015.

Pictured here: Sheila Stoltz, an associate broker with Houlihan Lawrence, works at 4 Valley Road in Bronxville; her office number is 914-227-0400, and her cell number is 914-310-6220.  

Photo courtesy Bronxville office of Houlihan Lawrence

Temporary Headquarters for Houlihan Lawrence at 89 Pondfield Road as Little White Cottage Undergoes Repairs PDF Print Email

Written by Staff





Mar. 18, 2015: Residents and visitors driving up from the underpass on Pondfield Road headed toward the main business district can't help but have noticed the substantial construction project taking place on the little white cottage to the left--the headquarters of the Bronxville office of the real estate firm Houlihan Lawrence.

Alas, even buildings get old and a little rickety. The little white cottage is no exception. An important landmark in Bronxville, it has resided there for over 100 years. It should come as no surprise, therefore, that a little sprucing up (actually some major sprucing up) was needed.

Many of the real estate agents housed in the cottage endured the hammering and sawing for over a month until several weeks ago Cindy Landis, branch manager of the Bronxville office, moved almost everyone lock, stock, and barrel to the other Houlihan Lawrence office at 89 Pondfield Road in the center of town near Citibank.

Prospective sellers and buyers should take note of the temporary new location before heading out to talk real estate.

Pictured here: The Houlihan Lawrence little white cottage under construction.

Photo by A. Warner

Joe Houlihan: Tech Tools for Home Buying PDF Print Email

Written by Joe Houlihan, Managing Partner, Houlihan & O'Malley Real Estate


Feb. 25, 2015: We all know the saying "there's an app for that." Technology exists for just about everything today. The question is how useful is it? Even when it comes to purchasing a home, technology can be a real game changer.

Now, you can easily find out about properties and communities by using online tools and apps to help you quickly find the right community or neighborhood, even before you speak to a Realtor.

The buyer pool today tends to be quite educated, and Realtors welcome informed consumers as well as the technology they use, as both help them do their job. Each year, the National Association of Realtors® publishes the results of its research on home buyers and sellers, and its 2014 edition, 2014 Profile of Home Buyers and Sellers, indicates that 89 percent of home buyers said that they used technology in some form in the home-buying process, and 92 percent of home buyers said that technology helps save them time.

So, which apps and sites are most helpful and for what? Here are a few favorites. provides up-to-date, community-specific information to buyers. This is a multi-use platform, mainly used for property search, and offers overviews of the real estate market in specific communities. Real estate agents belong to their local real estate board, and most boards have their own Multiple Listing Service (MLS) through which their member Realtors can share listings with each other. Our local association is the Hudson Gateway Multiple Listing Service. gets real estate property listings directly from over 800 MLS associations, and the listings are refreshed every 15 minutes. Therefore, information is the most current, which is very important because you can find real-time listing and closing information, sale pricing history, recent sales in the area, and tax information. Sites like Trulia and Zillow are very consumer friendly, too, but are not directly linked to MLS, so the information they carry may not be as up to date.

Mapping services like Google Maps and Apple Maps are invaluable. Not only do they help Realtors and buyers get from one listing to the next quickly and efficiently, but they allow buyers to plot a geographic area and then research the amount of time to get to a train station or highway from multiple places to determine their ideal location for a home.

Neighborhood Navigator:  One of the most frequently used tools by clients is the Neighborhood Navigator. By using the Navigator, you can drill down to specific data that define a neighborhood and paint a more accurate picture. You can see how many households have children, how many residences are owned or rented, how rapidly the population is growing, the median age of residents, and more.

Mortgage Calculator:  Financing apps are another important tool. Programs like Mortgage Calculator help homebuyers to figure out the price range they can afford and to understand the repayment requirements that a mortgage will require. Additionally, they prompt buyers to review their other monthly costs, which include real estate taxes and homeowners insurance. When factored in, these can make a big difference in determining what you can afford to purchase. Therefore, it is important to complete a mortgage worksheet before you set a price range.

Information available to buyers is only going to improve over time, and using technology in the future is going to become a universal experience. That said, technology will never be a substitute for a Realtor, but it can enhance and streamline the process for all parties involved.

Pictured here: Joseph Houlihan, managing partner at Houlihan & O'Malley, 133 Parkway Road, Bronxville. He can be reached in his office at 914-337-7888 or on his cell at 914-645-6640 or by email at CLOAKING .

Photo by Laura Mogil

<< Start < Prev 21 22 23 24 25 26 27 28 Next > End >>

Sign Up For Newsletter

MyhometownBroxnville reserves the right to monitor and remove all comments.  For more information on Posting Rules, please review our Rules and Terms of Use, both of which govern the use and access of this site.  Thank you.

The information presented here is for informational purposes only. While every effort has been made to present accurate information, myhometownBronxville, LLC, does not in any way accept responsibility for the accuracy of or consequences from the use of this information herein. We urge all users to independently confirm any information provided herein and consult with an appropriate professional concerning any material issue of fact or law. The views and opinions expressed by the writers, event organizers and advertisers do not necessarily represent those of myhometownBronxville, LLC, its officers, staff or contributors. The use of this website is governed by the Terms of Use . No portion of this publication may be reproduced or redistributed, either in whole or part, without the express written consent of the publisher.

Copyright © 2009, All rights reserved.