Single family home sales in Bronxville NY were up 14.3% in December compared to this time last year and the sales/list price ratio inched down to 93.5% from 95.2% in November. The median price was $875,000, down 25.8% from $1,180,000 in December 2013. Inventory levels were unchanged from last year and new listings of 6 in December were down considerably from November. The average days on market of 86 was down slightly from 115 in Novemnber and down substanitally from 161 in December 2013.
The Bronxville coop sector surpised us all with 26 sales in December, up 44.4% from last December. This is also the highest unit sales have been since 33 in June 2010! The median price was $209,000, up from $174,000. Inventory levels of 108 are down considerably from 175 in December 2013, due to sales and the slow down of new listings during the colder months. The average days on market of 134 remained the same as last month and were the highest since May 2014.
Activity is starting to increase and we should see a lot more inventory come on the market in the next two months. Happy spring!
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