Cindy Landis: Bronxville Attains Highest Median Sale Price in County for 2014 Print

Written by Cindy G. Landis, Brokerage Manager of Bronxville Office, Houlihan Lawrence

Jan. 21, 2015: The housing market in Bronxville remains strong and stable. The median price of homes sold in Bronxville in 2014 was $2,190,000, up 9% from 2013. It was the second highest full-year median sale price, surpassed only in 2007 at $2,300,000. The average price per square foot was $621, essentially unchanged from 2013.

It was also a strong market for townhouses. The number of units sold remained stable, but the median sale price shot up by 22% from $939,000 in 2013 to $1,147,500 in 2014. The price per square foot was also up by 15% to $627. All in all, it was a seller's market for townhouses.

We saw 46 co-ops change hands in 2014, down from 54 in 2013, but up slightly from the 44 that closed in 2012. The median price for co-ops was $400,000, and the price per square foot was $395, continuing the steady rise since 2010.

Bronxville's unique attributes have stood the test of time and continue to make the community one of the most desirable in Westchester. In fact, Bronxville attained the highest median sale price in the county for 2014.

However, this distinction cuts both ways. Buyers today are very savvy and have limitless information available to them on the Internet. They shop comparatively not just across homes but also across communities. There is assuredly demand for "well-priced" homes in Bronxville. Sellers who position their homes to appeal to a buyer's sense of value will likely find that a receptive market awaits them in the year ahead.

Pictured here: Cindy G. Landis, brokerage manager of Bronxville office, Houlihan Lawrence.

Photo by N. Bower