Bronxville Annual Report_2020

28 SU NNYB ROOK ROAD B R O N X V I L L E P. O . / YO N K E R S

IN WITH THE BEST

Bronxville Brokerage 2 0 2 0 A N N U A L R E A L E S TAT E R E P O R T

2 8 VA L L E Y R OA D BRONXVILLE

Dear Neighbors, Happy New Year! Scrolling through my social media feeds, many people seemed to be happy to bid adieu to 2020. The year was certainly unprecedented in many respects, but 2020 had many silver linings for Bronxville and the real estate market #NorthofNYC. First reactions to the pandemic were from renters, urgently seeking short term solutions to sequester themselves and their family while they rode out the storm. Ultimately, people revised their ideas about moving out of the city for the longer haul and accelerated their timelines, perhaps leaving the city a year or more earlier than expected. Additionally, people sought more space to accommodate working and learning from home and sought outdoor recreation with privacy translating into a boon for many suburban communities.

Village Single Family Detached home sales rose nearly 9% on top of 2019’s unit increase of 46%. 62 units closed which is the highest number of sales in a decade and perhaps one of the largest numbers of closings in memory. Median sale price was lifted by strength in the 3MM+ price range and rose 20% to $2,337,500. The sweet spot is again back in the $2-$2.99 million range, 53% of sales. Price per square foot declined slightly, to $581 per square foot from $590 psf last year. It is the third year over year dip; prices per square foot were upward of $600 psf from 2013-2018.

The highest sale was $6,975,000, and there were no sales less than $1,000,000.

Village Townhouse sales increased ever so slightly to 13 closings compared to 12 in 2019 but continuing a 2 year upward trend. The median declined to $1,100,000 from $1,117,750 (-1.5%), but the average price per square foot rose to $635, higher than 2019’s $611, and again notably above the price per square foot for single family detached homes. The range of sale prices is $827,000 to $1,275,000.

Village Coops experienced a decline in units, from 33 to 27, but the median sale price shot up to $700,000, an 11+% increase. Likewise, the price per square foot rose to $513 psf from 2019’s $463. That’s nearly 11%. The range of sale prices was a studio apartment sold at $229,000 to a beautiful penthouse that closed for $1,525,000.

Other Surrounding Markets: Bronxville PO/Yonkers sales climbed 71%. 72 units closed compared to 42 in 2019. The median sale price rose to $775,000 from slightly shy of $700,000 last year. The trifecta was a rise in price per square foot: $351 compared to 2019’s $328, a 7% increase. Only 3 homes sold for less than $500,000 and 12 homes closed above $1,000,000. The highest sale was $1,675,000.

Bronxville PO/Tuckahoe also benefitted from the rising tide. Unit closings rose to 36 from 25, a 44% increase in transactions. The median price was also up nearly 7%, and 15 of the 36 closings were over $1,000,000.

The Fleetwood area of Mt. Vernon (10552) experienced a rise in median price of 13% to a median of $650,000 from $575,000. The number of sales declined ever so slightly from 89 closings to 86, but there were 4 sales over $1,000,000.

Thoughts for 2021: Strategic initial pricing matters to get results that capture buyers without logging high days on market and updated, high quality finishes continue to hold maximum appeal. Inventory is low, but buyers are choosy. Stay well.

HOULIHAN LAWRENCE, THE MARKET LEADER, HAS THE BEST MARKET INTEL. We know what’s going on.

2020 Market Share Bronxville School District S I N G L E F A M I LY H O M E S

66

%

TO W N H O U S E S

63

%

C O O P E R AT I V E S

53

%

Bronxville P.O/Yonkers S I N G L E F A M I LY H O M E S

36

%*

Bronxville P.O/Tuckahoe S I N G L E F A M I LY H O M E S

Warmly, Cindy

26

%*

CYNTHIA LANDIS

Bronxville Brokerage Manager Associate Real Estate Broker O 914.337.5400 Ext. 11344 CLandis@houlihanlawrence.com

*Number 1 office by total dollar volume. Source:. OKMLS, 1/1/20-1/1/21, total dollar volume sold Single Family homes detached, Bronxville School District, by office. OKMLS, 1/1/20-1/1/21, total dollar volume sold single family homes attached, Bronxville School District, by office. OKMLS, 1/1/20-1/1/21, total dollar volume sold Cooperatives, Bronxville School District, by office. OKMLS,1/1/20-1/1/21, total dollar volume sold Single Family homes, Bronxville PO/Yonkers, by office. OKMLS,1/1/20-1/1/21, total dollar volume sold Single Family homes, Bronxville PO/Tuckahoe, by office.

10 Year Market History

Bronxville School District Market Overview S I N G L E F A M I LY H O M E S – D E TA C H E D Homes Sold Full Year

1 0 Y E A R M A R K E T H I S TO RY $3,000,000

130

MEDIAN SALES PRICE

$2,500,000

120 $2,337,500

$2,350,000

$2,190,000

$2,100,000

$1,975,000

$2,000,000

$2,100,000

$2,009,500

110 100

$1,950,000

90 80

61

$1,500,000

60

57

58 45

$1,000,000

62

60

49

42

70

50

39

39

40 30

$500,000

NUMBER OF HOMES SOLD

$2,455,000

$2,605,000

20 10

0

0

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

39

61

60

58

45

42

49

39

57

62

$1,950,000

$2,337,500

$590

$581

UNITS SOLD

MEDIAN PRICE

PRICE/SQ FT

34%

56%

$2,100,000

$1,975,000

11%

6%

$554

$562

2%

$2,009,500

2%

$622

3%

$2,190,000

9%

$621

22%

$2,455,000

12%

7%

17%

$2,605,000

$685

$2,350,000

6%

10%

$670

$670

20%

$2,100,000

11%

$649

46% 7%

9% 20%

Source: OKMLS 2011-2020, Single Family homes detached, Bronxville School District.

SOLD BY PRICE POINT 2020 - 62 Sales 2019 - 57 Sales

<$1M

0%

51% 20%

$2M - $3M

37% 40%

60%

$3M - $4M

$4M+

11%

53%

31% 3.5%

$1M - $2M

5% 5% 3.5%

80%

Source: OKMLS, 1.1.20-12.31.20 vs. 1.1.19-12.31.19, single-family homes-detached, Bronxville School District.

H O M E S L I S T E D, S O L D, O R B O T H B Y H O U L I H A N L A W R E N C E 5 Midland Gardens Unit 1K 1 Rivermere Unit 4F 5 Midland Gardens Unit 2G 64 Sagamore Road Unit 4J 28 Lake Avenue 8 Midland Gardens Unit 3I 25 Sagamore Road Unit 2H 15 Lake Avenue 7 Midland Gardens Unit 2L 3 Stoneleigh Plaza Unit 6B 9 Tanglewylde Avenue Unit 2A 3 Stoneleigh Plaza Unit 2D 1 Midland Gardens Unit 5E 19 Beechtree Lane Unit 1F 1 Northgate Unit 3C 5 Midland Gardens Unit 3GH 10 Kensington Terrace 68 Kensington Road

79 Kensington Road 7 Midland Gardens Unit 3O 4 Midland Gardens Unit 5F 28 Tanglewylde Avenue 6 Bolton Gardens 43 Sagamore Road 9 Midland Gardens Unit 1A 21 Normandy Terrace 37 Garden Avenue 3 Park Avenue Terrace 60 Kensington Road 7 Park Avenue Terrace 2 Hawthorne Road 24 Edgewood Lane 1 Eastbourne 2C 66 Tanglewylde Avenue 22 Gramatan Court 7 Midland Gardens Unit 5N

99 White Plains Road 15 Kensington Road Unit 216 140 Park Avenue 4 Oval Court 21 Willow Road 4 The By Way 10 Hawthorne Road 71 Summit Avenue 29 Gramatan Court 5 Red Oak Road 2 Edgewood Lane 7 Summit Avenue 9 Sherman Avenue 10 Sherman Avenue 18 Greenfield Avenue 20 Sussex Avenue 59 Valley Road 1 Dusenberry Road

BRONXVILLE SCHOOL DISTRICT 57 Summit Avenue 12 Wood End Lane 15 Kensington Road Unit 202 328 Pondfield Road 6 Sherman Avenue 155 White Plains Road 2 The High Road 55 Valley Road 8 The High Road 15 Summit Avenue 6 The High Road 50 Greenfield Avenue 7 Paddington Circle 3 Northway 51 Prescott Avenue 16 Oriole Avenue 45 North Road 11 The High Road

7 Valley Road 10 Sussex Avenue 14 Plateau Circle 15 Kensington Road Unit PH4 309 Pondfield Road 16 Tanglewylde Avenue 30 Homesdale Road 29 Ridgecroft Road 6 Paradise Road 50 Crows Nest Road 29 Village Lane 6 Northern Avenue 11 Paddington Circle 43 Prescott Avenue 20 Argyle Place

100%

Additional Homes Sold in 2020 by Houlihan Lawrence Bronxville B R O N X V I L L E P O / YO N K E R S 1440 Midland Avenue Unit 4F 1 Vincent Road Unit 3G 1470 Midland Avenue Unit 5O 801 Bronx River Road Unit 6I 11 Sunnybrook Road Unit 2A 42 Pondfield Road Unit 4F 900 Palmer Road Unit 9K 246 Bronxville Road Unit I2 949 Palmer Road Unit 2J 900 Palmer Road Unit 8D 246 Bronxville Road Unit L2 2 Bronxville Road Unit 6G West 31 Pondfield Road Unit 55 56 Pondfield Road Unit 1B 1 Vincent Road Unit 5I 949 Palmer Unit 3O 1 Vincent Road Unit 4I South 65 Rockledge Road Unit 1H 900 Palmer Road Unit 7F 9 AKA 12 McGeory Avenue 900 Palmer Road Unit 5F 45 AKA 47 McGeory Avenue 280 Bronxville Road Unit 2M 18 Wilbur Place 949 Palmer Road Unit 1A 103 Parkview Avenue 270 Bronxville Road Unit B72 15 Amsterdam (AKA 16 Amsterdam) Ave 45 Pondfield Road Unit 5C 24 Rossmore Avenue 291 aka 287 Bronxville Road 1 Wellyn Close 3 Brooklands Unit 1E 25 aka 21 Merriam Avenue 160 Birch Brook Road 29 Wellyn Road 35 Brooke Avenue 40 Cedar Lane 32 Cedar Lane 50 Merriam Avenue 33 Brookside Circle 88 Ellison Avenue 50 Wiltshire Street 27 Bayberry Street 23 Bayberry Street 46 Durham Road 138 Millard Avenue 944 Kimball Avenue 15 aka 27 Moore Road 89 Dellwood Road 35 Warwick Road 12 aka 16 Wildway 132 Pondfield Road 52 Wilgarth Road 211 Pondfield (aka 213 Pondfield Road) Road 50 Birchbrook Road 1 Ellison Place aka 21 Dellwood West 119 Pondfield Road 86 Pondfield Road

YO N K E R S 611 Palmer Road Unit 2V North 377 Broadway Unit 627 737 Tuckahoe Road Unit 40 1841 Central Park Avenue Unit 8R 611 Palmer Road Unit 6R 51 Empire Street 18 South Circle 64 Etville Avenue 34 Bryant Road 14 aka 18 Priscilla Avenue 507 Mile Square Road 17 Cliffside Drive 24 Lorri Lane 8 AKA 3 Volz Place 113 Oliver Avenue 133 aka 135 Sweetfield Circle 243 Park Hill Avenue 4 Harvard Ave AKA 54 Colonial Parkway N. 1 AKA 13 Puritan Avenue BRONXVILLE PO/ MOUNT VERNON 12 Alden Place Unit 1C 18 Alden Place Unit 2C MOUNT VERNON 30 Ehrbar Avenue Unit 302 19 William Street Unit 5-J 2 Fisher Drive Unit 319 19 William Street Unit 4-F East 590 Third Street Unit M-A East 590 Third Street Unit 4-E East 590 Third Street Unit 2-B East 157 Devonia Avenue 358 Westchester Avenue 351 Egmont Avenue 320 Hayward Avenue 369 Packman Avenue 43 Rockridge Road 47 Palmer Avenue 187 Central Parkway 77 Parkway East 19 Palmer Avenue 14 Columbia Place 33 Raynor Avenue 31 Vernon Parkway 76 Douglas Place East 329 Devonia Avenue 2 Rhynas Drive 52 Parkway East 24 Raynor Avenue 8 Rhynas Drive 30 Parkway 160 Central Parkway 28 Burkewood Road 55 Elmsmere Road 133 Elmsmere Road 12 Laurel Avenue 80 Overhill Road 830 Gramatan Avenue

Weâ&#x20AC;&#x2122;re more than just the Village.

BRONXVILLE PO/TUCKAHOE 75 Archer Drive 70 Lockwood Avenue 12 Parkview Drive 51 Northway 427 New Rochelle Road 5 Southway 43 Hathaway Road 150 Overhill Road 9 Ridge Road 2 Eastway 34 Crawford Street 9 Southway 361 New Rochelle Road 8 Rittenhouse Road

LARCHMONT West 80 Garden Road H A R T S DA L E 400 High Point Drive Unit 513 5 New Sprain Road 147 Mercer Avenue 7 Wood Place 50 Mercer Avenue WHITE PLAINS 21 Harrison Place C H A P PA Q U A 18 Mill River Road 27 Baldwin Hills Road NEW ROCHELLE 21 Mereland Road 52 Kingsbury Road 389 Pinebrook Boulevard 14 Stratford Road 597 Forest Avenue

TUCKAHOE & CRESTWOOD 317 Marbledale Road 108 Sagamore Unit 2K 50 Columbus Avenue Unit 708 1 Scarsdale Road Unit 305 1 Scarsdale Road Unit 513 545 Scarsdale Road 209 aka 207 Manhattan Avenue 404 Scarsdale Road

OSSINING 88 Broadway Unit PH6 East 12 Osage Drive

PELHAM 33 1st Street 24 Fraser Street

PELHAM 33 1st Street 24 Fraser Street

E A S TC H E S T E R & E A S T C H E S T E R P.O. 54 Manchester Road Unit A-21 15 Leewood Circle Unit 4L 14 Leslie Road 3 Brassie Road 18 Dorchester Road 6 Howell Place 25 Deerfield Avenue

PURCHASE 8 Lincoln Lane

S C A R S DA L E & S C A R S DA L E P.O. 281 Garth Road Unit C6L 260 Garth Road Unit 3C4 209 Garth Road Unit 5KL 107 Bell Road 106 Johnson Road 66 Johnson Road 15 Bronson Avenue 24 Bronson Avenue 555 Central Park Avenue Unit 360 24 Sherwood Place 43 Atherstone Road 9 Vivian Drive 4 Myrtledale Road 239 Mamaroneck Road 31 Walworth Avenue 73 Sargent Road

OKMLS, 1/1/2020 - 12/31/2020, sales in which Houlihan Lawrence participated in the list side, sale side or both.

R I V E RTO W N S 447 Warburton Avenue 88 Broadway East 12 Osage Drive BRONX 2244 Bronx Park East Unit 6-E 601 Pelham Parkway Unit 619 2685 Creston Avenue Unit 5-H East 55 190 Street Unit 37 3396 Wayne Avenue Unit D-52 2962 Decatur Avenue Unit 3-H East 190 Mosholu Parkway Unit 2-H 2081 Cruger Avenue Unit 4-N 601 Pelham Parkway Unit 505 East 55 190 Street Unit 53 2962 Decatur Avenue Unit 3-D East 55 190 Street Unit 66 East 340 Mosholu Parkway Unit 2-J East 55 190 Street Unit 45 East 340 Mosholu Parkway Unit 3-C 601 Pelham Parkway Unit 612 2385 Barker Avenue Unit 3-L 2244 Bronx Park East Unit 1-B East 340 Mosholu Parkway Unit 3-H 1555 Waring Avenue

10 Year Market History

Bronxville P.O./Yonkers Market Overview S I N G L E F A M I LY H O M E S Homes Sold Full Year

1 0 Y E A R M A R K E T H I S TO RY $1,000,000

130

MEDIAN SALES PRICE

$800,000

$731,250

$690,000

$808,500

$803,500

120

$845,265 $775,000

$770,000

100

$698,750

$682,500

110 NUMBER OF HOMES SOLD

$802,500

90 $600,000

72

64

57

57

70

59

53

56

60

40

$400,000

80

50

42

35

40 30

$200,000

20 10

0

UNITS SOLD

MEDIAN PRICE

PRICE/SQ FT

0

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

35

40

57

64

57

53

58

56

42

72

$802,500

$803,500

$808,500

$845,265

$770,000

$698,750

9%

9%

$331

$347

$356

$328

6%

14%

$690,000

$731,250

4%

6%

$306

$310

43%

$682,500

7%

$313

12% 18%

11%

$335

$307

7% 1%

25%

3%

9% 5%

71%

$775,000

11%

$351

Source: OKMLS 2011-2020, Single Family homes detached, Bronxville P.O./Yonkers School Dist.

SOLD BY PRICE POINT 4%

2020 - 72 Sales

<$500K

38%

12%

2019 - 42 Sales 0%

42% 43%

20%

$500-749K

17 % 28%

40%

60%

Source: OKMLS, 1.1.20-12.31.20 vs. 1.1.19-12.31.19, single-family homes-detached, Bronxville P.O./Yonkers School Dist.

ON THE COVER

T U D O R E S TAT E O N 2 . 6 7 A C R E S WEB# BB2800462 | Bronxville PO/Yonkers | $10,000,000

$750-999K

O N T H E H I L LT O P WEB#BB2801862 | Bronxville | $5,995,000

$1M+

9% 7%

17 % 80%

100%

A Selection of Active Listings S I N G L E F A M I LY H O M E S

PERFECTION WEB#BB2801122 | Bronxville | $3,995,000

S T U N N I N G CO LO N I A L WEB#BB2771072 | Bronxville | $3,300,000

R E S O R T- S T Y L E WEB#BB2806492 | Bronxville | $3,195,000

C R E AT E YO U R D R E A M H O M E WEB#BB2781542 | Bronxville | $2,999,900

E XC E P T I O N A L T U D O R WEB#BB2807512 | Bronxville | $2,950,000

B R E AT H TA K I N G V I S TA S WEB#BB2806702 | Bronxville | $2,350,000

ROOM FOR POOL WEB#BB2798292 | Bronxville | $2,175,000

S T U CCO CO LO N I A L WEB#BB2787152 | Bronxville | $2,175,000

B R I C K TO W N H O M E WEB#BB2801122 | Bronxville | $1,695,000

HOBART HILL WEB#BB2807502 | Bronxville | $1,425,000

4 V A L L E Y R O A D B R O N X V I L L E , N Y 1 0 7 0 8

9 1 4 . 3 3 7. 0 4 0 0

We’re here to help you! Call us today 914.337.0400

CYNTHIA L ANDIS Brokerage Manager

B A R B A R A A N N A DA M S O N Real Estate Salesperson

LO U I S E B AU D O I N Associate Real Estate Broker

NANCY BEERS-NIX Associate Real Estate Broker

TO N I B E S S O N E Real Estate Salesperson

PAT R I C I A B R E E N Associate Real Estate Broker

E L IZ A B E T H C A M P B E L L Real Estate Salesperson

M A RG A R I TA C A ROZ Z A Real Estate Salesperson

M A R I E L L E N S U L L I VA N CARPENTER Associate Real Estate Broker

L E S L I E A N N CO RCO R A N Real Estate Salesperson

M A RG A R E T FA R R A N Real Estate Salesperson

SAR AH FRENCH Associate Real Estate Broker

SUSAN FRENCH Associate Real Estate Broker

H A P PY F R E N C H -Z I N G A RO Real Estate Salesperson

HELEN GERKEN Associate Real Estate Broker

ASHLEY GR AMINS Real Estate Salesperson

PETER A HARRIS Associate Real Estate Broker

S TAC E Y H U G H E S Associate Real Estate Broker

K E V I N H Y LTO N Associate Real Estate Broker

KIR A DOUGHAN JENNINGS Real Estate Salesperson

LY N N J OYC E Associate Real Estate Broker

DA R I A K E LT Y Real Estate Salesperson

K AT H RY N K E M P TO N Real Estate Salesperson

BARBAR A KERRIGAN Associate Real Estate Broker

TO M K E R R I G A N Real Estate Salesperson

A N D R E W KO R B Real Estate Salesperson

S U S A N K E LT Y L AW Associate Real Estate Broker

EL AINE MCKENNA Real Estate Salesperson

JA M E S F. M C M A H O N Associate Real Estate Broker

M EG A N M C S H E R RY Real Estate Salesperson

C A RO L M O E S E L Associate Real Estate Broker

C AT H E R I N E M O O R E Real Estate Salesperson

M A RY K A R E N O ’ S H AU G H N E S S Y Associate Real Estate Broker

VA L E R I E OT TO Real Estate Salesperson

L AU R A C AT H E R I N E REDICAN Real Estate Salesperson

F R E D E R I C K RO M L E Y Associate Real Estate Broker

P E T E R S EG A L L A Associate Real Estate Broker

R I TA S T E I N K A M P Associate Real Estate Broker

SHEIL A MORRISSEY S TO LT Z Associate Real Estate Broker

A N N M A R I E S U L L I VA N Real Estate Salesperson

D E N N I S J. TO R M E Y Real Estate Salesperson

JA N E E . V E RG A R I Associate Real Estate Broker

Not Pictured: MARIANNE C. CAREY Real Estate Salesperson CO U R T N E Y M CC A R T H Y Real Estate Salesperson T H E R E S E ( T R AC Y ) M A RY WA L S H Real Estate Salesperson

C H R I S T I CO L L I N S W E I L D Real Estate Salesperson

@H O U L I H A N L AW R EN CE

M A R I A W E I N D E VA N E Y Real Estate Salesperson

@HOULIHANRE

M A RY C L A I R E W H I T E Associate Real Estate Broker

@H O U L I H A N L AW R EN CE

H U G H JA M E S W H I T E Real Estate Salesperson

E L IZ A B E T H D. Y I E N G E R Real Estate Salesperson

SAMANTHA SOFIA Real Estate Salesperson

HOU LI H A N L AW R ENCE.COM

IN WITH THE BEST BRONXVILLE BROKERAGE 4 VA L L E Y R D, B R O N X V I L L E , N Y 1 0 7 0 8 9 1 4 . 3 3 7. 0 4 0 0 H O U L I H A N L A W R E N C E .C O M