{"id":18887,"date":"2016-01-19T10:27:19","date_gmt":"2016-01-19T14:27:19","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=18887"},"modified":"2024-03-14T21:19:10","modified_gmt":"2024-03-14T19:19:10","slug":"bronx-home-prices-market-report-2015","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/01\/19\/bronx-home-prices-market-report-2015\/","title":{"rendered":"Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015"},"content":{"rendered":"<h4><span class=\"ez-toc-section\" id=\"Residential_Market_Highlights\"><\/span>Residential Market Highlights<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The median price reached $250,000, a modest 2% increase Y-o-Y.<\/li>\n<li>The total number of transactions closed was 1,938, far from the values seen before 2008.<\/li>\n<li>The luxury market is picking up and reached an all-time high with 37 sales recorded over $1M.<\/li>\n<li>Most expensive neighborhood: Morris Park, median home sale price hit $464,500.<\/li>\n<li>Most expensive home sold: <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/118770\/4680-Livingston-Ave-Bronx-NY-10471\/\">4680 Livingston Avenue<\/a> in Fieldston for $2.9M<\/li>\n<li>Most expensive apartment sold: <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539366\/640-West-237-Street-Bronx-NY-10463\/\">unit #16<\/a> C at Solaria Riverdale for $1.6M.<\/li>\n<\/ul>\n<h4><\/h4>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"_Median_Sale_Price_in_the_Bronx_Fluctuates\"><\/span>\u00a0Median Sale Price in the Bronx Fluctuates<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>For the past 10 years, our data shows that the median sale price in the borough has been fluctuating from its high point in 2010 ($280,000) to the low points in 2005 and 2008 ($240,000).<\/p>\n<p>While before 2008 the number of total transactions exceeded 3,000 per year, it dropped to under 2,000 after 2009. This drop in sales volume was immediately followed by a rise in the median sale price.<\/p>\n<p><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Median-Sale-Price1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-18967 size-full aligncenter\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Median-Sale-Price1.jpg\" alt=\"\" width=\"648\" height=\"254\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Median-Sale-Price1.jpg 648w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Median-Sale-Price1.jpg?resize=300,118 300w\" sizes=\"auto, (max-width: 648px) 100vw, 648px\" \/><\/a><\/p>\n<h4><span class=\"ez-toc-section\" id=\"_Neighborhoods_in_The_Bronx\"><\/span>\u00a0Neighborhoods in The Bronx<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>The most expensive neighborhood by median sale price was Washington Heights in Manhattan ($455,000) or Georgetown in Brooklyn ($450,000).<\/p>\n<p><strong>Here are the top 10 neighborhoods that saw the highest median sale price in 2015:<\/strong><\/p>\n<h4><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Top-neighborhoods-Bronx-2015.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18920\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Top-neighborhoods-Bronx-2015.jpg\" alt=\"Top neighborhoods Bronx 2015\" width=\"703\" height=\"207\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Top-neighborhoods-Bronx-2015.jpg 703w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Top-neighborhoods-Bronx-2015.jpg?resize=300,88 300w\" sizes=\"auto, (max-width: 703px) 100vw, 703px\" \/><\/a><\/h4>\n<h4><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Luxury-Sales1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-18937\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Luxury-Sales1.jpg\" alt=\"Bronx Luxury Sales\" width=\"394\" height=\"130\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Luxury-Sales1.jpg 397w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Luxury-Sales1.jpg?resize=300,99 300w\" sizes=\"auto, (max-width: 394px) 100vw, 394px\" \/><\/a><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Luxury_Market_Is_Picking_Up\"><\/span>Luxury Market Is Picking Up<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>With 37 sales over $1M, <strong>the luxury segment in the Bronx reached an all-time high<\/strong> (up 42% Y-o-Y). Riverdale, in particular, leads the luxury market as new condo developments are selling units for high prices.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Most_Expensive_Properties\"><\/span>Most Expensive Properties<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>In terms of single-family sales, 6 properties sold for $2M and up in 2015<\/strong>, located in Fieldston, Riverdale and Bedford Park.<\/p>\n<p>The large suburban residence at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/118770\/4680-Livingston-Ave-Bronx-NY-10471\/\">4680 Livingston Avenue<\/a> sold for $2.9M, making it the most expensive home sale in the Bronx. Sitting on a generous piece of\u00a0 land covering almost 40,000 square feet, it offers the new owners 5,200 square feet of living space.<\/p>\n<p><strong>The expensive end of the market in the Bronx comprises several sales in the <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46541616\/640-W-237-St-Bronx-NY-10463\/\">Solaria Riverdale condominium<\/a>.<\/strong> The most expensive unit sold in all of the Bronx was <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539366\/640-West-237-Street-Bronx-NY-10463\/\">unit 16C<\/a> in this building and 4 other units also made the top 10.<\/p>\n<p>In fact, all but one of the most expensive units are located in Riverdale and apartments on Douglas Avenue also occupy 3 of the top 10 spots!<\/p>\n<p><strong>Here are the top 10 most expensive apartments sold in 2015:<\/strong><\/p>\n<h2 id=\"tablepress-51-name\" class=\"tablepress-table-name tablepress-table-name-id-51\"><span class=\"ez-toc-section\" id=\"Top_10_Most_Expensive_Apartment_Sales_in_The_Bronx\"><\/span>Top 10 Most Expensive Apartment Sales in The Bronx<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<table id=\"tablepress-51\" class=\"tablepress tablepress-id-51\" aria-labelledby=\"tablepress-51-name\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">#<\/th><th class=\"column-2\">Address<\/th><th class=\"column-3\">Sale Price<\/th><th class=\"column-4\">Sale Date<\/th><th class=\"column-5\">Neighborhood<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539366\/640-West-237-Street-Bronx-NY-10463\/\">640 West 237 Street #16C<\/a><\/td><td class=\"column-3\">$1,677,594<br \/>\n<\/td><td class=\"column-4\">September 10, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/950152\/4471-Douglas-Avenue-Bronx-NY-10471\/\">4471 Douglas Avenue #TH11<\/a><\/td><td class=\"column-3\">$1,440,000<br \/>\n<\/td><td class=\"column-4\">March 10, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/656623\/4477-Douglas-Avenue-Bronx-NY-10471\/\">4477 Douglas Avenue #TH14<\/a><\/td><td class=\"column-3\">$1,440,000<br \/>\n<\/td><td class=\"column-4\">June 1, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/950150\/4437-Douglas-Avenue-Bronx-NY-10471\/\">4437 Douglas Avenue #TH9<\/a><\/td><td class=\"column-3\">$1,351,500<br \/>\n<\/td><td class=\"column-4\">June 2, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539347\/640-West-237-Street-Bronx-NY-10463\/\">640 West 237 Street #9C<\/a><\/td><td class=\"column-3\">$1,344,090<br \/>\n<\/td><td class=\"column-4\">October 7, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539371\/640-West-237-Street-Bronx-NY-10463\/\">640 West 237 Street #19A<\/a><\/td><td class=\"column-3\">$1,334,000<br \/>\n<\/td><td class=\"column-4\">July 14, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539340\/640-West-237-Street-Bronx-NY-10463\/\">640 West 237 Street #7C<\/a><\/td><td class=\"column-3\">$1,260,000<br \/>\n<\/td><td class=\"column-4\">September 22, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/46539330\/640-West-237-Street-Bronx-NY-10463\/\">640 West 237 Street #4C<\/a><\/td><td class=\"column-3\">$1,230,000<br \/>\n<\/td><td class=\"column-4\">July 29, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/140964680\/2575-Palisade-Ave-Bronx-NY\/\">2575 Palisade Avenue #1CDE<\/a><\/td><td class=\"column-3\">$1,175,000<br \/>\n<\/td><td class=\"column-4\">October 21, 2015<br \/>\n<\/td><td class=\"column-5\">Spuyten Duyvil<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/89388399\/628-West-238-Street-Bronx-NY-10463\/\">628 West 238 Street #PHB<\/a><\/td><td class=\"column-3\">$1,150,000<br \/>\n<\/td><td class=\"column-4\">November 5, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-51 from cache -->\n<p><strong>Here are the top 10 most expensive single-family homes sold in 2015:<\/strong><\/p>\n<h2 id=\"tablepress-52-name\" class=\"tablepress-table-name tablepress-table-name-id-52\"><span class=\"ez-toc-section\" id=\"Top_10_Most_Expensive_Single-Family_Home_Sales_in_The_Bronx\"><\/span>Top 10 Most Expensive Single-Family Home Sales in The Bronx<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<table id=\"tablepress-52\" class=\"tablepress tablepress-id-52\" aria-labelledby=\"tablepress-52-name\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">#<\/th><th class=\"column-2\">Address<\/th><th class=\"column-3\">Sale Price<\/th><th class=\"column-4\">Sale Date<\/th><th class=\"column-5\">Neighborhood<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/118770\/4680-Livingston-Ave-Bronx-NY-10471\/\">4680 Livingston Avenue<\/a><\/td><td class=\"column-3\">$2,900,000<br \/>\n<\/td><td class=\"column-4\">January 23, 2015<br \/>\n<\/td><td class=\"column-5\">Fieldston<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120169\/1-Blackstone-Pl-Bronx-NY-10471\/\">1 Blackstone Place<\/a><\/td><td class=\"column-3\">$2,875,000<br \/>\n<\/td><td class=\"column-4\">July 1, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120344\/5264-Independence-Ave-Bronx-NY-10471\/\">5264 Independence Avenue<\/a><\/td><td class=\"column-3\">$2,800,000<br \/>\n<\/td><td class=\"column-4\">June 4, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/118947\/5000-Goodridge-Ave-Bronx-NY-10471\/\">5000 Goodridge Avenue<\/a><\/td><td class=\"column-3\">$2,300,000<br \/>\n<\/td><td class=\"column-4\">March 13, 2015<br \/>\n<\/td><td class=\"column-5\">Fieldston<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120421\/9-Sigma-Pl-Bronx-NY-10471\/\">9 Sigma Place<\/a><\/td><td class=\"column-3\">$2,000,000<br \/>\n<\/td><td class=\"column-4\">March 24, 2015<br \/>\n<\/td><td class=\"column-5\">North Riverdale<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/62780\/10-Minerva-Pl-Bronx-NY-10468\/\">10 Minerva Place<\/a><\/td><td class=\"column-3\">$2,000,000<br \/>\n<\/td><td class=\"column-4\">July 30, 2015<br \/>\n<\/td><td class=\"column-5\">Bedford Park<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/732537\/680-6-Delafield-Way-Bronx-NY-10471\/\">680-6 Delafield Way<\/a><\/td><td class=\"column-3\">$1,836,000<br \/>\n<\/td><td class=\"column-4\">January 15, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/62778\/2880-Jerome-Ave-Bronx-NY-10468\/\">2880 Jerome Avenue<\/a><\/td><td class=\"column-3\">$1,800,000<br \/>\n<\/td><td class=\"column-4\">July 30, 2015<br \/>\n<\/td><td class=\"column-5\">Bedford Park<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120322\/5211-Arlington-Ave-Bronx-NY-10471\/\">5211 Arlington Avenue<\/a><\/td><td class=\"column-3\">$1,750,000<br \/>\n<\/td><td class=\"column-4\">October 28, 2015<br \/>\n<\/td><td class=\"column-5\">Riverdale<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/118748\/4642-Waldo-Ave-Bronx-NY-10471\/\">4642 Waldo Avenue<\/a><\/td><td class=\"column-3\">$1,600,000<br \/>\n<\/td><td class=\"column-4\">June 24, 2015<br \/>\n<\/td><td class=\"column-5\">Fieldston<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-52 from cache -->\n<p>Methodology:<br \/>\n* Data is based only on residential properties sold between January 1, 2005 and December 15, 2015.<br \/>\n* The building classes counted are single-family homes, condo and coop units.<br \/>\n* The final number of properties sold in 2015 was adjusted (not all 2015 sales are recorded.)<br \/>\n*Luxury market includes all sales over $1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residential Market Highlights The median price reached $250,000, a modest 2% increase Y-o-Y. The total number of transactions closed was 1,938, far from the values seen before 2008. The luxury market is picking up and reached an all-time high with 37 sales recorded over $1M. Most expensive neighborhood: Morris Park, median home sale price hit&hellip;<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[389],"tags":[],"class_list":["post-18887","post","type-post","status-publish","format-standard","hentry","category-bronx-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015 - PropertyShark Real Estate Blog<\/title>\n<meta name=\"description\" content=\"Bronx home prices see modest increase in 2015, here&#039;s our market report!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/01\/19\/bronx-home-prices-market-report-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015\" \/>\n<meta property=\"og:description\" content=\"Bronx home prices see modest increase in 2015, here&#039;s our market report!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/01\/19\/bronx-home-prices-market-report-2015\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-19T14:27:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-14T19:19:10+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/01\/Bronx-Median-Sale-Price1.jpg\" \/>\n<meta name=\"author\" content=\"Andra Rus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andra Rus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015 - 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