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