HOULIHAN LAWRENCE
BRONXVILLE VILLAGE ���� ANNUAL REPORT
LET US PUT OUR EXPERTISE TO WORK FOR YOU
LOUISE BAUDOIN
Associate Real Estate Broker
CAROL BENDER
Associate Real Estate Broker
RHONDA B. CAREY Real Estate Salesperson
JOHANNA FALDUTO Real Estate Salesperson
Real Estate Salesperson
DIANE F. HACKETT
ANNE KELTY
Associate Real Estate Broker
BARBARA KERRIGAN
Real Estate Salesperson
RITA STEINKAMP
SUSAN KELTY LAW
VALERIE OTTO
LAURA STICHTER-BRYSON Associate Real Estate Broker
Real Estate Salesperson
Real Estate Salesperson
SHEILA MORRISSEY STOLTZ Associate Real Estate Broker
FREDERICK ROMLEY
Real Estate Salesperson
Real Estate Salesperson
ROBERT GRANATA
Associate Real Estate Broker
DARIA KELTY
Licensed Real Estate Salesperson
CAROL MOESEL
PETER SEGALLA
Real Estate Salesperson
KRISTINE DESMARAIS
EMELDA MORRISSEY
Associate Real Estate Broker
Associate Real Estate Broker
DENNIS J. TORMEY
Real Estate Salesperson
HELEN GERKEN
LYNN JOYCE
JAMES F. MCMAHON
ELIZABETH CAMPBELL
Associate Real Estate Broker
Associate Real Estate Broker
Associate Real Estate Broker
Associate Real Estate Broker
ANN MARIE SULLIVAN
VINCENT DAILEY
Real Estate Salesperson
Real Estate Salesperson
PATRICIA BREEN
Associate Real Estate Broker
Real Estate Salesperson
HAPPY FRENCH-ZINGARO
KIRA DOUGHAN JENNINGS
SASKIA B. MARTIN
LEANNE PANTOLIANO
Real Estate Salesperson
Associate Real Estate Broker
SARAH FRENCH
STACEY HUGHES
ANDREA BRAUNSTEIN
PATRICIA MULDOON COUGHLIN
Associate Real Estate Broker
Associate Real Estate Broker
Associate Real Estate Broker
Real Estate Salesperson
Real Estate Salesperson
Real Estate Salesperson
SUSAN FRENCH
PETER A. HARRIS
GENE BLENDERMANN
LESLIE ANN CORCORAN
Associate Real Estate Broker
Associate Real Estate Broker
Associate Real Estate Broker
MARY KAREN O’SHAUGHNESSY
Associate Real Estate Broker
ROSE CARMELLINO
Associate Real Estate Broker
MARGARET FARRAN
Associate Real Estate Broker
TONI BESSONE
Real Estate Salesperson
Real Estate Salesperson
GINA SISTI
Associate Real Estate Broker
JANE E. VERGARI
Associate Real Estate Broker
THERESE MARY WALSH Real Estate Salesperson
NOT PICTURED: MICHAEL B. BREEN Real Estate Salesperson
COURTNEY MCCARTHY Real Estate Salesperson
MARIA WEIN DEVANEY Real Estate Salesperson
MARY CLAIRE WHITE
Associate Real Estate Broker
HUGH JAMES WHITE Real Estate Salesperson
ELIZABETH D. YIENGER Real Estate Salesperson
SHARON L. ZANZANO Real Estate Salesperson
VALMARIE ZORILA
Associate Real Estate Broker
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OF ALL HOMES SOLD IN BRONXVILLE THIS YEAR WERE LISTED, OR SOLD, OR BOTH, BY HOULIHAN LAWRENCE
OUR ���� SOLD LISTINGS 20 Argyle Place
78 Kensington Road
15 Ridge Road
6 Bacon Court
79 Kensington Road
35 Ridgecroft Road
13 Bacon Court
97 Kensington Road
61 Sagamore Road
15 Bacon Court
20 Masterton Road
2 Studio Lane
1 Beverly Road
6 Merestone Terrace
33 Summit Avenue
6 Beverly Road
5 Northway
37 Summit Avenue
2 Crown Circle
25 Oakledge Road
57 Summit Avenue
6 Crows Nest Road
8 Orchard Place
22 Sunny Brae Place
21 Crows Nest Road
6 Oriole Avenue
21 Sunset Avenue
2 Dusenberry Road
9 Paddington Circle
17 Sussex Avenue
21 Dusenberry Road
3 Park Avenue
25 Sycamore Street
30 Elm Rock Road
1 Pine Terrace
65 Tanglewylde Avenue
50 Elm Rock Road
7 Pine Terrace
106 Tanglewylde Avenue
15 Hemlock Road
8 Pine Terrace
120 Tanglewylde Avenue
5 Hobart Street
233 Pondfield Road
8 The Byway
1 Kensington Road
360 Pondfield Road
7 The High
73 Kensington Road
46 Prescott Avenue
44 Woodland Avenue
Source: HGMLS, 1/1/2016 – 12/31/2016, participated in the list side, sale side or both, single family homes, by office, Bronxville School District.
HOULIHANLAWRENCE.COM
BRONXVILLE SCHOOL DISTRICT TEN-YEAR MARKET HISTORY MEDIAN SALES PRICE
NUMBER OF HOMES SOLD
SINGLE FAMILY HOMES - DETACHED
$3,000,000 $2,500,000 $2,000,000 MEDIAN SALES PRICE $1,500,000 $3,000,000 $1,000,000 $2,500,000 $500,000 $2,000,000 $1,500,000 0 $1,000,000
$2,455,000
$2,300,000 $2,020,000
$2,150,000 $1,900,000
$2,100,000
130 $2,605,000 120 110
$2,190,000
$1,975,000 $2,009,500
100
90 NUMBER OF 80 HOMES SOLD 70 61 60 59 130 58 60 $2,605,000 120 45 42 50 42 $2,455,000 110 $2,300,000 35 39 40 $2,190,000 $2,150,000 100 $2,100,000 30 $2,020,000 $1,975,000 $2,009,500 21 $1,900,000 90 20 80 10 70 61 0 60 59 60 2007 2008 2009 2010 2011 2012 2013 2014 58 2015 2016 45 42 50 42 2007 2009 2010 2012 2013 2014 2015 2016 35 2008 39 2011 40
42
Units Sold $500,000 % Change Y-O-Y
35
14%
17%
59
21 21
40%
39
181%
60
61
34%
56%
58
2%
30 42
45
3%
20 7%
22%
10
0 $2,300,000 $2,020,000 $2,150,000 $1,900,000 $2,100,000 $1,975,000 $2,009,500 $2,190,000 $2,455,000 $2,605,000 Median Sold0Price 2008 2009 2010 2011 2012 2013 2014 2015 2016 OF NUMBER 6% % Change Y-O-Y 2007 MEDIAN 17% 12% 6% 12% 11% 6% 2% 9% 12% SALES PRICE HOMES SOLD
$650
Price/SQ FT $1,200,000 % Change Y-O-Y
$627
6%
$563
$571
4%
9%
$998,620
$554
1%
1%
$960,000 *Data through 12/27/2016. Source: HGMLS Bronxville School District, detached single-family home sales. $935,000 $1,000,000 $922,500
$621 no change
$999,000
$998,620
10
7
$999,000 17
20 16 $939,000 $922,500 8 $895,000 $874,000
$1,056,500
16
2007 19
2008
2009
2010
2011 16
10
2012
20
2013
23
2014
22
2015
Units Sold
1540
17
16
8
7
0 25
2016
20 15 10
$200,000
% Change Y-O-Y
2045
5 30
$400,000
0
2550
1035
$800,000 $200,000 $600,000 0
2%
45 40
23 $1,147,500 22 $935,000
50
10% $1,056,500
35 OF NUMBER HOMES 30 SOLD
$1,200,000 $600,000
19 $960,000
$670
$685
TOWNHOUSES
MEDIAN $800,000 SALES PRICE
$1,000,000 $400,000
11%
$939,000
$895,000
$874,000
$622 $1,147,500
$562
2%
5 2007
2008
2009
2007
2008
19
10
6%
47%
Median Sold Price % Change Y-O-Y
$960,000
$935,000
Price/SQ FT % Change Y-O-Y
$556
$511
5%
7%
3%
8%
2010
2009 7
30%
$998,620
7%
$479
6%
2011
2012
2013
2014
2015
2016
0
2010
2011
2012
2013
2014
2015
2016
16
8
20
23
22
17
16
$874,000
$922,500
$895,000
$939,000
$1,147,500
$999,000
$1,056,500
129% 12%
$467
3%
50% 6%
$469 no change
*Data through 12/27/2016. Source: HGMLS Bronxville School District, attached single-family home sales.
150% 3%
$478
2%
15% 5%
$545
14%
4% 22%
$627
15%
23% 13%
$619
1%
6% 6%
$620 no change
WHY HOULIHAN LAWRENCE IS THE �� REALTOR IN BRONXVILLE VILLAGE OUR TOP-RANKED AGENTS
THE AREA’S LARGEST GLOBAL NETWORK COMBINED WITH THE AREA’S MOST POWERFUL LOCAL NETWORK
7 of the top 10 Bronxville Village agents are members of the Bronxville Houlihan Lawrence team. Additionally, 16 of the top 30 Westchester County realtors are Houlihan Lawrence agents.
Building an esteemed network does not happen overnight. We have the area’s largest global network with international connections across 6 continents, with partners in 56 countries. In addition our local network of 26 offices is the most extensive in the area.
Our team is woven into the fabric of the communities we serve, involved in fundraising for schools, hospitals and foundations such as The Community Fund, Lawrence Hospital, Elizabeth’s Hope, the Bronxville PTA, Athletic Council, and community food pantries. Our community driven agents set us apart from our competitors.
OUR CUTTING-EDGE TECHNOLOGY We integrate smarter data and the newest digital platforms. Our state-of-the-art website HoulihanLawrence.com gets 300,000 unique visitors per month.
HOULIHAN LAWRENCE CLOSED
75%
HOULIHAN LAWRENCE CLOSED OF BRONXVILLE CO-OPERATIVES BASED ON DOLLAR VOLUME
49%
OF BRONXVILLE HOMES BASED ON DOLLAR VOLUME
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20
30
40
50
60
70
10
80
20
HOULIHAN LAWRENCE CLOSED
60%
OF BRONXVILLE TOWNHOUSES BASED ON DOLLAR VOLUME
�� �� �� 10 HGMLS, 1/1/2016 – 12/31/2016, Dollar Sales Volume, Bronxville School District, By Office.
20
30
40
50
60
30
40
50
HOULIHAN LAWRENCE IS ALSO THE �� REALTOR IN ALL LOCAL MARKETS INCLUDING YONKERS, TUCKAHOE AND FLEETWOOD #2 HOULIHAN LAWRENCE CLOSED
HOULIHAN LAWRENCE CLOSED
42%
28%
OF BRONXVILLE PO/YONKERS HOMES BASED ON DOLLAR VOLUME
HOULIHAN LAWRENCE CLOSED
24%
OF BRONXVILLE PO/TUCKAHOE HOMES BASED ON DOLLAR VOLUME
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10
20
30
40
50
5
10
15
20
25
30
5
10
15
BRONXVILLE P.O./YONKERS SCHOOL DISTRICT TEN-YEAR MARKET HISTORY
MEDIAN SALES PRICE $900,000 900000 800000 $800,000
OF FLEETWOOD HOMES (10552) BASED ON DOLLAR VOLUME
20
NUMBER OF HOMES SOLD 130
$802,500 $803,500 $808,500 $717,500
$712,500 $725,000 $716,000
$700,000 700000
$690,000
$731,250
120 110
$682,500
100 90
600000 $600,000
80
500000 $500,000 $400,000 400000
57
53
52
64
70
57
300000 $300,000 $200,000 200000
50
35
33
30
27
60
54 53
40
40 30 20
100000 $100,000 0
10 2007
Units Sold % Change Y-O-Y
Median Sold Price % Change Y-O-Y Price/SQ FT % Change Y-O-Y
2008
2009
2010
2011
2012
2013
2014
2015
0
2016
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
52
27
30
33
35
40
57
64
57
53
$682,500
$802,500
$803,500
$808,500
21%
$717,500
11%
$334
2%
48%
$712,500
1%
$353
3%
11%
10%
$725,000
2%
$318
10%
$716,000
1%
$321
1%
6%
$690,000
4%
$306
5%
14%
$731,250
6%
$310
*Data through 12/27/2016. Source: HGMLS Bronxville P.O/Yonkers, detached single-family home sales. HGMLS, 1/1/2016 – 12/31/2016, Dollar Sales Volume, Bronxville PO/Yonkers, By Office. HGMLS, 1/1/2016 – 12/31/2016, Dollar Sales Volume, Bronxville PO/Tuckahoe, By Office. HGMLS, 1/1/2016 – 12/31/2016, Dollar Sales Volume, Fleetwood, 10552, By Office.
HOULIHANLAWRENCE.COM
1%
43% 7%
$313
1%
12% 18%
$335
7%
11%
no change $307
8%
5% 1%
$331
8%
25
Dear Neighbors, I hope that each of you had a wonderful start to the New Year. Looking back, 2016 was an interesting year for Bronxville real estate. The community continues to offer locals and newcomers alike an unparalleled lifestyle with a modern and vibrant downtown, one of the fastest commutes into NYC, an excellent school system and an array of housing options at many price points. Here are some statistics from 2016 that we would like to share: A strong median price of single family homes. Ending the year on a high note, the median price of a single family home has risen to approximately $2.6 million. ($2,605,000) Steady sales. The number of closed sales dropped only slightly from 45 to 42, and the price per square foot was slightly down by two percent, to $670. The $2 - 3 million price range is the sweet spot. There were nine closings below $2 million as well as nine sales from $3 million to $3.9 million. Above $4 million, there were four closings. 48% of all closings (20) were in the $2-3 range. High value in the Village of Bronxville. Impressively, the highest sale in the village was $5.2 million. The lowest was $1.42 million. Bronxville boasts a diverse housing stock. Specifically, our townhouse market provides additional housing options in comparison to the single family market. Townhouses and coops are a sought after alternative to detached, single family homes. An increased median price of townhouses. In 2016, the median price of townhouses is $1,056,500, which is up from 2015’s $999,000. Additionally, the price per square foot remains at $620. The spread continues to grow between the medians of single family homes and townhouses. The highest townhouse sale was $1,504,000 and the lowest was $810,000. The climb of the Cooperative market. As related to last year, the Cooperative market has experienced a steady climb in price per square foot since 2010. 2016 continues this trend with $485 per square foot versus 2015’s $441 per square foot. In 2015, the number of closings was slightly down to 38 from 44. The highest sale was $1,304,000 and the lowest was $154,000. As we look forward to 2017, here are some trends to watch for: Increased inventory. Inventory growth in the high-end market show the baby boomer demographic of owners wanting to downsize and simplify. The new turnkey condos in the village have attracted a lot of attention and occupancy there will begin later in 2017. As always, proper pricing is the first step to achieving success. Nationally, growth in the stock market may have a positive effect on the real estate market. Growth in financial markets is creating wealth, which will influence a positive trend within the real estate market. While interest rates remain low by historic standards, the recent uptick has spurred buyers to get off of the sidelines. Millennials migrate north. Millennials are truly beginning to make a difference as a demographic trend not only in Bronxville, but throughout Westchester entirely. We look forward to sharing more about our special community as we continue into the New Year. Here’s to a steady 2017! Warm regards,
Cynthia Landis Brokerage Manager BRONXVILLE BROKERAGE | 4 VALLEY RD | BRONXVILLE, NY 10708 | 914.337.0400 HOULIHANLAWRENCE.COM
WE SERVE CLIENTS ON
#1 In Bronxville
WITH PARTNERS IN OVER 21,500 INTERNATIONAL OFFICES SPANNING 56 COUNTRIES
93% OF ALL HOMES SOLD IN BRONXVILLE THIS YEAR WERE EITHER LISTED, SOLD, OR BOTH BY HOULIHAN LAWRENCE
6 Continents
4 Global Networks PROVIDING OUR CLIENTS WITH THE AREA’S LARGEST AND MOST EXTENSIVE GLOBAL REACH
98% OF THE WORLD’S COUNTRIES VISIT OUR WEBSITE HOULIHANLAWRENCE.COM
Source: HGMLS, 1/1/2016 – 12/31/2016, participated in the list side, sale side or both, single family homes, by office, Bronxville School District.
FROM BRONXVILLE TO BEIJING Building an esteemed network does not happen overnight. We have been developing our powerful connections for 125 years. We understand world-wide markets. We have the area’s largest global network with international connections across 6 continents, with partners in 56 countries. Our local network is the most impressive in the area. And by integrating smarter data and the newest digital platforms, our Private Brokerage and Corporate Relocation teams can pair the right client with the perfect home—whether they’re around the corner, or across the globe.
Proven and Proving it.