Village of Bronxville Single Family Homes-Market Analysis

Bronxville Single Family Homes

Here is my summary and analysis of the real estate market for Bronxville  Single Family homes in the Bronxville Village market and my thoughts for 2020.

Bronxville Single Family Homes

A few notes:

  • all of the info supplied here is only for single family detached homes in the Village. I have separate data for townhouses, co-ops and condos
  • the median price in the Village has dropped 25% from 2016 to 2019
  • the volume of transactions in 2019 was up 46% from 39 homes in 2018 to 57 homes in 2019
  • there were 9 properties in contract at year-end; this represents 16% of the total volume for 2019
  • of the 9 properties in contract at year end, 6 of them had asking prices in the $2 to $3 million category; 21 homes sold in that same price category in all of 2019
  • sales under $2 million — 54% in 2019, 41% in 2018, 34% in 2017 & 21% in 2016

The increase in volume of transactions in 2019 (57) over 2018 (39) is the single most significant factor in projecting where this market is going.  It is clear that buyers still value what Bronxville has to offer – an easy commute, great schools, great community. However, the prices that buyers are willing to pay are not at the levels they were a few years ago.

In December of 2019, seven homes in the Village went into contract. This is a phenomenal level of activity for the month of December when, typically, only one or two homes go to contract.  It feels more like the beginning of a spring market. This has happened in years past but not recent.

[It is interesting to note that the market in the Scarsdale school district has a very similar sales history to what is happening in Bronxville]

The 2019 sales volume clearly indicates that the market has turned a corner.  I predict that prices in the Village will level off in 2020 and will remain key in how a property is received by the market. At the end of the day, overpricing will always result in a lower sale price.

I am excited to be starting the year on a positive note and believe it will continue throughout 2020.

 

Joe Houlihan
Broker/Owner
Houlihan & O’Malley Real Estate Services

 

 

HOULIHAN & O’MALLEY JANUARY ‘20 ACTIVITY

Bronxville Real Estate Agency

Houlihan & O’Malley started the new year off very busy!  Our agents added several closings, new contracts and new listings to our portfolio.  Because of our years of experience in the Westchester County real east market, we are able to help clients have a very positive experience when looking to buy, sell or rent in the area.

SOLD:


76 Rockledge Road, Bronxville PO/Yonkers (1 Bed/1Bath)
Sold for: $750,000

This traditional 1910 Colonial, designed by Bates & How, offers a magnificent home on a large piece of land with several mature oak trees, giving the house natural privacy.  Great opportunity to restore this wonderful piece of history.

Bronxville Real Estate Firm
64 Sagamore Road #J5, Bronxville (1 Bed/1 Bath)
Sold for: $380,000

One of the very few condominiums in Bronxville. Walk to Bronxville Metro North Station (with 30 minute service to New York.  And walk to Bronxville Village with all that it has to office.  Renting is allowed-fantastic investment opportunity!

510 Midland Avenue #2K, Yonkers (1 Bed/1 Bath)
Sold for: $240,000

Amazing opportunity to own this spacious and totally turn key Condo on Midland Avenue.  Ideally located just off the Cross County Parkway and directly across from Tibbets Park. This impeccably maintained unit features generously sized rooms with western exposure overlooking the park.

Westchester County Real Estate
10 Old Mamaroneck Road #4F, Mamaroneck (1 Bed/1 Bath)
Sold for: $225,000

A newly renovated Junior 4 sponsor unit (no board approval) at desirable Wesley House. The high quality renovation,  Doorman service, On-site parking, ‘residents only’ fitness center and a laundry room on each floor make this a fantastic buy.

Yonkers Real Estate
615 Palmer Road #108, Bronxville PO/Yonkers (Studio/1 Bath)
Sold for: $145,000

Welcome to the Palmer House. This beautiful spacious unit is in move in condition and includes assigned parking (visitor parking too and 24/7 Security Guard/Gate.   Storage and bike room included. Easy commute to Manhattan.

IN CONTRACT:

Bronxville Real Estate
811 Palmer Road #2D, Bronxville PO/Yonkers 2 Bed/1 Bath)
Listed at $229,000

At just over 1,200 square feet this apartment offers more space than most units in the area. This wonderfully run and well-maintained complex has much to offer–manicured property, elevator buildings, private storage area, heated garage parking (assigned parking) and an onsite super. Just a short walk to the Bronxville Metro-North train station, shops and many restaurants.

Yonkers Real Estate
246 Bronxville Road #J4, Bronxville PO/Yonkers (1 Bed/1Bath)
Listed at: $190,000

This sun drenched unit is located on the top floor of a pre-war, dog friendly building. This unit offers a renovated eat-in kitchen & bath, high ceilings, handsome moldings, freshly painted, beautifully finished hardwood floors along with ample closets, including a walk-in cedar closet.  Less than a five minute walk to Bronxville Village and the Metro North station makes this a super convenient and desirable location. Washer/dryer units are permitted with board approval.

Bronxville Real Estate
246 Bronxville Road #J1, Bronxville PO/Yonkers (1 Bed/1 Bath)
Listed at $169,000

A perfect combination…A commuter’s dream apartment with a five-minute walk to the Bronxville Metro North station. Pre-war charm with modern updates. This Bronxville Court first floor, garden view unit has high ceilings, handsome molding, newly refinished hardwood floors along with an updated kitchen and an updated bathroom. This pet friendly building allows dogs, has a live-in super, a bike room, storage rooms, and a state-of-the-art video intercom system.  Walk to the many restaurants and shops that Bronxville is known for, and the Bronx River Parkway walking and biking trails.

NEW LISTINGS:

Yonkers Real Estate
171 Devon Road, Bronxville PO/Yonkers (6 Bed/4 Bath/1 Half Bath)
$899,999

Rare opportunity to own this 4000+ sf well maintained home that sits atop a 1 acre manicured lot in Lawrence Park West! MOVE IN CONDITION. The first level features an Entry Hall that opens to the Formal Living Rm w/gas fireplace and Dining Rm w/ mudroom access, a Den/Office, Family Room/Solarium and Powder Room. The Chefs Eat-In-Kitchen has everything you need & more with backyard/pool access. The second level offers a Master Bedroom En-Suite w/gas fireplace, 3 additional Bedrooms and Hall Bathroom. The Third level offers 2 more Bedrooms, a Hall Bathroom & storage. Partially finished Lower Level has Rec Rm, Laundry & Work Rm & bath.  Fresh water pool. Detached garage with circular driveway and grand patios round out this beautiful home.

Single Family Home Yonkers
19 Gard Avenue, Bronxville PO/Yonkers (6 Bed/2 Bath/1 Half Bath)
$749,000

Great location! A classic Victorian in Armour Villa offering a front porch and two additional porches to enjoy spectacular views. The main level features an Entry Foyer, Formal Living Room/Dining Room (both with fireplaces), a Sunroom, Library, Breakfast Room and Kitchen. The second level has a Master Suite with a walk out porch, three additional bedrooms, a hall bathroom and third level access. The third level offers two bedrooms and a sitting area. All this and walking distance to the Bronxville Metro North Train Station and Village. Low taxes!

Ossining Real Estate
23 Park Avenue, Ossining; 2 family home (5 Bed/3 Bath)
$569,000

Both units offer a duplex style of living with separate utilities. The first unit has three bedrooms and two full baths, living room, dining room, an updated eat-in kitchen with an additional 390+sqft of finished basement. The second unit features two bedrooms,  a living room, kitchen, full bath and access to the patio/back yard. Don’t miss this opportunity.

Bronxville Condo
280 Bronxville Road #8B, Bronxville PO/Yonkers (1 Bed/1 Bath)
$275,000

Move right onto this sensational apartment in the beautiful Bronxville Lodge. This apartment has been completely renovated over the past several years–eat in kitchen with stainless steel Electrolux appliances and solid wood cabinetry. Recessed lighting throughout.  Two closets in the bedroom have been joined to create a dream custom closet.

Yonkers Real Estate Agent
112 Hampshire Road, Bronxville PO/Yonkers (4 Bed/2 Bath/1 Half Bath)
$5200/month

Exhale….the perfect rental home! This classic home nestled in Lawrence Park West gives you easy access to the Bronxville Metro North Station with an easy commute to NYC.  A private setting with manicured and mature plantings on over a quarter acre of land.  And an in-ground pool!  Two car garage and driveway parking. All you have to do is unpack!                 

We’re in a unique economy and interest rates are still at record lows.  Call us– we can help you find your next home.

Bronxville PO/Yonkers Market Analysis on Single Family Homes

Here is my summary and analysis of the real estate market for Single Family homes in the Bronxville PO/Yonkers market and my thoughts for 2020.

As you review this ‘Snapshot’ of the Bronxville PO market over the past 10 years, note the number of transactions each year as well as the median price. It also shows what segments of the market were strong and which were weak.

Here are some interesting bullet points:

  • the median price in the PO has dropped 15% from 2017 to 2019
  • throughout the post-recession years 2012-18, the volume of transactions in the PO averaged 58 homes per year; in 2019, the volume dropped to 42
  • 14 homes were ‘in contract’ at year end representing 33% of the sales volume for the year
  • of the 14 homes ‘in contract’ at year end, 6 of them had asking prices above $750,000 and 2 had asking prices over $1 million, which had been a weak segment of the market over the past two years. In fact, only 7 homes sold in 2019 for more than $1 million

A significant data point is the drop in sales volume in 2019 as it represents seller resistance to the reality that market values have dropped.  However, the number of homes ‘in contract’ at year end indicates a significant increase in market activity.   In fact, 4 additional homes have gone to contract since the first of the year.

It is clear to me that the market in the Bronxville PO has turned a corner–sellers have adjusted to the new market and buyers are back. They want an easy commute to NYC and a great quality of life, which the PO offers being right near all that Bronxville Village has to offer.

I predict a surge in sales volume for 2020 which will bring us back to a more normal volume of over 50 sales, prices will level off and the median will be similar to the past year.  This year should be a good year for the PO as it seems to have started out on a positive note.

Joe Houlihan
Broker/Owner
Houlihan & O’Malley real Estate Services

*Market information is from the Hudson Gateway Association of Realtors

MONTHLY ACTIVITY FROM HOULIHAN & O’MALLEY–DECEMBER 2019

Buying a Home

Houlihan & O’Malley ended 2019 on a high note!  Our agents helped several clients with selling their home, buying a home and listing their home.  If you are thinking of buying in the Bronxville/Westchester real estate market, our team has the expertise, knowledge and customer service you are looking for!  Come by and see us .

SOLD:

50 Highland
50 Highland Circle, Bronxville PO/Yonkers (4 Bed/3Bath/1 Half Bath)
Sold for: $1,303,000  

This often admired Bronxville PO treasure was recently featured in a NYT article about the benefits of living in Lawrence Park West. First time on the market in 28 years, the home was designed by noted architect Lorillard Wise with a classic stone and cedar shake exterior, slate roof and arched dormer windows. This gracious home has been meticulously restored and maintained.

Westchester Real Estate
101 Hickory Grove Drive West, Larchmont (3 Bed/2 Bath/1 Half Bath)
Sold for: $ 1,075,000

A classically stylish, mint condition Tudor style home captures top-quality custom details with a distinctly contemporary spirit. This location in Larchmont Gardens near the Brook has it all -walk to train, village and schools!

 

1361 California Road, Eastchester (3 Bed/2 Bath/1Half Bath)
Sold for: $687,000

This lovely split-level home is move-in ready on .17 acre! Everything is new! Floor Plan features a spacious foyer that leads to bright family room.  Hardwood floors throughout and central A/C.  Eastchester Schools. Close to many shops and restaurants. Eligible for Lake Isle Country Club Membership.

Yonkers Real Estate
31 Pondfield Road West #54, Bronxville PO/Yonkers (2 Bed/1 Bath)
Sold for: $290,000

Wonderful apartment in the sought-after Tudor Arms. The unit is located on the 5th floor of this classic Pre-War elevator building.  The apartment has 9-foot ceilings, picture moldings, cedar lined closets, and oak hardwood floors with mahogany trim. Just a five-minute walk to the shops and restaurants in Bronxville Village as well as the Bronxville Metro North station.

Bronxville Real Estate
280 Bronxville Road #3B, Bronxville PO/Yonkers (1 Bed/1 Bath)
Sold for: $245,000

A COMMUTER’S DREAM! Blocks to Bronxville Metro North train station with service to Grand Central Station in 30 minutes. Close to Bronxville Village, Starbucks, Soul Cycle, Pure Barre, seasonal Farmer’s Market, movie theater, library, shops and restaurants!! Enjoy Bicycle Sunday on the Bronx River Parkway and enjoy biking, walking, nature study and jogging on the Bronx River Parkway Reservation all year long!

Eastchester Real Estate
90 Oregon Avenue Unit B, Bronxville PO/Eastchester (1Bed/1 Bath)
Sold for: 220,000

Welcome to Chester Heights Garden II.  This is a lovely top floor, sunlit unit with hardwood floors throughout. Meticulously maintained grounds and mature landscaping. Steps to many shops, restaurants and so much more! Just minutes from Village of Bronxville and the Bronxville Metro North Train Station with 30 minutes service to Grand Central Station! A hidden gem!

IN CONTRACT:

Westchester County
8 Rhynas Drive, Mt. Vernon (4 Bed/3 Bath)
Listed at $879,000

Beautiful Rhynas Drive. Named for the famed architect/builder who built each distinguished home on this delightful block. #8 is his only stone front home in this remarkable collection. With its original slate roof, this home sits prominently on the bend in the road.  The quality of this home is evident everywhere!

Yonkers Real Estate

682 Tuckahoe Road #6F, Yonkers (1 Bed/1Bath)
Listed at: $110,000

Penthouse living. You’ll enjoy this quiet and peaceful unit located on the top floor. Low monthly maintenance.  The building also has assigned basement storage, common laundry, a community room and on-site super. A must see unit!!!

NEW LISTINGS:


11 McArthur Avenue, Tuckahoe PO/Yonkers (4 Bed/3 Bath)
Listed at $650,000

Built in 1962 by a builder for his family, the house has been occupied by the family for all these years. The house has an over-sized living room /dining room with a fireplace, an eat in kitchen, a Master bedroom with an en-suite bath, three additional bedrooms and a hall bath. The inside has been freshly painted, the wood floors have just been refinished and the bonus space has new flooring. Don’t miss this opportunity to call Crestwood home.

Let us, the real estate experts, help you with all your real estate needs.

THANKSGIVING IS OVER ☹—CAN CHRISTMAS BE FAR BEHIND😊?
MONTHLY ACTIVITY FROM HOULIHAN & O’MALLEY–NOVEMBER 2019

Bronxville Real Estate Agency

Houlihan & O’Malley had an active November especially with Real Estate Contracts and New Listings! Our experienced and talented agents are here for you when you are ready to buy or sell your home.  We have several years of knowledge in the Westchester County Real Estate market.  When you hire us for your real estate needs, you become a part of the family!

SOLD:

Bronxville Real Estate
766 Palmer Road #3D, Bronxville PO/Yonkers (1 Bed/1 Bath)
Sold for $219,000; over asking
You’ll enjoy this quiet and peaceful unit. Come home to relax in your large living room which offers access to your very own private outdoor rooftop terrace. Just a short walk to the Bronxville Metro-North train station, shops and many restaurants.

RENTAL:

Eastchester Real Estate
11 Mill Road, Eastchester
4th floor unit (2 Bed/2 Bath)-Rented for $3450
The entire building & all 5 apartments have been completely renovated; W/D in each unit; Mitsubishi heat/AC units; Video intercom system; private parking space.  Surrounded by many shops and restaurants; short walk to the Crestwood Train Station.

IN CONTRACT:

Yonkers Real Estate
615 Palmer Road #108, Yonkers (Studio)
Listed at $149,000
Welcome to the Palmer House. This beautiful spacious sunlit unit is in MOVE IN CONDITION and includes ASSIGNED PARKING; 24/7 SECURITY Guard/Gate. Easy commute via express bus to Manhattan or quick bus ride to Metro North Train Station; storage and bike room included.        

30 E. Hartsdale Avenue #3H, Hartsdale (1 Bed/1 Bath)
Listed at $184,900
Move in ready large junior 4 COOP unit in a secure building! And a commuter’s dream! Easy walk to Hartsdale Metro North Station with a 35-min express train to NYC.  Close to all major highways, shopping, and downtown Hartsdale.  This is a Real Gem.

Bronxville COOP
280 Bronxville Road #3B Bronxville PO/Yonkers (1 Bed/1 Bath)
Listed at $225,000
Spacious COOP in a great location! Blocks to Bronxville METRO North train station with service to NYC in 30 minutes. Close to Bronxville Village–Starbucks, Soul Cycle, Pure Barre, seasonal Farmer’s Market, movie theater & much more!!

Bronxville Real Estate Firm
64 Sagamore Road #J5, Bronxville (1 Bed/1 Bath)
Listed at $395,000
One of the very few condominiums in Bronxville–move in condition.  Courtyard has just been completely renovated with all new steps, walkways and plantings. Walk to Bronxville Metro North Station (with 30 minute service to GCS).   Welcome to all that the Village of Bronxville and all it has to offer.

Bronxville Single Family Homes
76 Rockledge Road, Bronxville PO/Yonkers (6 Bed/3 Bed/1 Half Bath)
Listed at $650,000
Welcome to 76 Rockledge Road. This traditional 1910 Colonial, designed by Bates & How, offers a magnificent home on an unusually large piece of land. This house will ignite an unprecedented passion to restore this wonderful piece of history or…pave a new path

NEW LISTINGS:

Yonkers Real Estate
246 Bronxville Road #J4, Bronxville PO/Yonkers (1 Bed/1 Bath)
Listed at $199,000
This sun-drenched Bronxville Court COOP is located on the top floor of a beautiful pre-war building.  And a dog Friendly building too.  Renovated eat-in kitchen, renovated bath, high ceilings, handsome moldings, beautiful hardwood floors, ample closet space including a walk-in cedar closet is just some of the perks of this unit.  Less than a five-minute walk to Bronxville Village and the Metro North station makes this a super convenient and desirable location.

This is the ‘chill’ season for Realtors.  Let Houlihan & O’Malley help you ‘chill’ when it comes to any real estate needs.  HAPPY HOLIDAYS TO ALL!

Tis the Season for Selling Your Home

 

 

 

 

 

 

 

When the time comes to put your home on the market, many sellers think they should wait until after the holidays. However, there are several unexpected advantages to listing your home now rather than waiting until the New Year.

  1. Motivated Buyers
    Tis the season! There may be fewer buyers looking, but those who are tend to be motivated buyers. Homes often sell faster during the holidays, and for more money. Plus, there’s always that buyer who wants to give the ultimate gift to a loved one – a new home!
  2. Less Competition
    Because the holidays can be hectic, sellers often feel they can’t handle trying to show their home while juggling everything else.  Sellers often take the home off the market or wait until the New Year to put it on the market. This means that supply drops significantly, making the remaining houses on the market that much more attractive to buyers.
  3. Lower Interest Rates
    Historically, interest rates are cyclically lower from December through January, making it a more appealing time to buy. Additionally, the Fed has held interest rates very low for nearly nine years.
  4. Top Notch, Faster Service
    The stores may be packed, but your Realtor, title companies, banks, and lenders are probably not so busy, so you’re much more likely to be top priority. Plus, many potential homebuyers have time off from work during the holidays, giving them ample time to search for their new home.
  5. Your Home Looks Beautiful
    You can capitalize on the joy of the season by making your home warm and inviting with cheerful, tasteful holiday decorations and festive aromas, such as vanilla and spiced cider simmering on the stove or freshly baked cookies just out of the oven. This will appeal to the emotions of buyers, leaving them with a memorable impression.

The last week of November and the beginning of December have been surprisingly busy weeks with new contracts getting signed!  Contact Houlihan & O’Malley if you are thinking of placing your home on the market this holiday season.

 

Why Determining the Best Price for Your Home is so Important

Pricing your home correctly is the single most important decision you will make when selling your home.   As the market fluctuates, one must fluctuate too.

There are many aspects to consider when setting the price-

age of the house, location of the house, condition of the house, condition of the property, quality of upgrades (if applicable), etc.  Reviewing these outcomes can be an emotional journey, so having an experienced agent working with you throughout the process is extremely helpful.

Also, if a homeowner needs to sell their home quickly, it is even more critical to set the right price.  This is the time to be honest and evaluate what your home is truly worth. At Houlihan & O’Malley, our trusted advisors are there to ensure that you price your home appropriately and at a price you are comfortable with. When you hire an experienced agent, this process becomes significantly easier.

The first 2-3 weeks on the market is the most critical time for a listing.  An appropriately priced house will get lots of activity and peek the right buyers interest.  If your home is not selling at the price you want, you may want to consider other factors.  This is where a great agent can help you out.

Remember-it is not personal, it is business and that business is getting your house on the market for the right price.

Ready to get your home on the market? Give Houlihan & O’Malley a call today to see how we can make this possible for you.

 

1200 Midland Avenue, #7F Yonkers, NY

Welcome to Bronxville Knolls Tower where living is easy.  Large sunlit unit with Formal Dining Room;  Doorman Building;  Parking available for two vehicles; building storage; move-in ready.

2 Louisiana Avenue, #3A Yonkers, NY

HOM Recent Sales

Tucked away on a quiet street yet close to all modes of transportation.  Generously sized apartment in a beautifully maintained building (with elevator); pet friendly; on-site storage; common laundry. You can walk to downtown Fleetwood & Village of Bronxville Metro North Station.  A true find and value!

2 Consulate Drive, #1C Tuckahoe, NY

Spectacular, spacious apartment at Consulate at the Park.  This unit faces the park and has seasonal water views.  It has just been totally renovated with many upgrades; a short walk to the Tuckahoe Metro North Train; gated community; 24/7 Security; outdoor pool; and assigned parking.