These are the top real estate agents in the Bronx NY for 2019 based on 2018 sales data with some information about the area.
In 2018, there were 1,009 residential property sales with a total sales volume of $446.49 million in the Bronx. Of the properties sold, 64% were apartments while the remaining 36% were houses.
Among the areas in the Bronx, Riverdale property sales were the highest. The 247 properties sold in the residential neighborhood accounted for 24% of the total residential properties sold in 2018. Of the said properties, 213 were apartments — 199 co-ops and 14 condos.
The upper-middle-class neighborhood Spuyten Duyvil ranked second for total properties sold. Following the same trend in Riverdale, 164 of the 172 properties sold were apartments of which 154 were co-ops.
Concourse rounded up the top three with 43 properties sold. Of the 41 apartments sold in New York’s southwestern section, 40 were co-ops.
In 2018, there were 580 co-op units sold in the Bronx, which accounted for 57% of the total properties sold. Condos sold accounted for 7% of the total property sales while condop sales made up less than 1% of the total properties sold in the Bronx.
For houses, single-family homes had the largest properties sold at 216 units, representing 21% of total properties sold. Meanwhile, townhouse sales only accounted for 2% of the total properties sold in 2018.
Multi-family homes sold represented 12% of the total property sales with 124 units sold.
In 2018, the median price for all properties sold in the Bronx was $365K.
Apartments (co-ops, condos, and condops), had a median price of $249K. Of these properties, co-ops had the lowest median price of $245K. The two condop sales recorded for the year had a median price of $495K while condos had a slightly lower median price at $407K.
Meanwhile, houses in the Bronx had a median price of $590K.
The median price for a single-family home and a townhouse were not too far at $510K and $565K, respectively.
Multi-family homes sold for a slightly higher median price at $679K.
Number of Days on the Market
In 2018, properties were on the market for an average of 108 days. Apartments stayed on the market for about 104 days while it took 114 days to sell a house.
For houses, single-family homes were the hardest to sell and properties remained on the market for an average of 122 days. Townhouses ranked second with 108 days while multi-family homes remained unsold for an average of 101 days.
Among apartments, condos remained in the market for 113 days, co-ops followed with an average of 104 days. Condops, on the other hand, only took 45 days to sell.
Listing vs. Selling Price
Properties in the Bronx generally sold at 2% below the listing price. In general, the selling price of a house in the Bronx was 2% below the listed price. Apartment sellers saw a better deal as properties sold for 1% below the listing price.
On average, the selling price for single-family homes and multi-family homes were 2% below the listing price. However, townhouses sold for an even lower price – at 5% below the listed value.
In 2018, condos and condops were also sold at 2% below the listed price but co-ops sold at 1% below the listing price.
In 2018, Arlene T. recorded the highest number of properties sold at 36 properties. She sold all these properties for a total sales price of $31.21 million.
Of these properties, 19 were co-ops and 15 were houses. She also sold one multi-family unit and one condo. Arlene sold the properties at 2% below the listing price and these properties stayed on the market for an average of 184 days.
Best For Apartments
In 2018, Sanjya T. sold 25 apartments, 24 co-ops, and 1 condo unit. Combined, these properties had a selling price of $10 million.
Sanjya sold the apartments at 3% below the listing price and the properties stayed on the market for an average of 129 days.
Best For Houses
In 2018, Arlene T. also sold 16 houses —15 single-family homes and 1 multi-family property. These properties which make up 4% of the total houses sold in the Bronx had a sales volume of $23.87 million.
On average, Arlene sold these houses at 2% below the listing price and the properties remained in the market for an average of 267 days.
Best For Multi-family
Gabriel K. sold 8 multi-families in 2018. This accounted for 6% of the total multi-family units sold during the year. Gabriel had a total sales volume of $5.27 million for the multi-family units he sold. These properties remained on the market for an average of 102 days and sold at 2% below the listing price.
In 2018, Frank A. holds the record for the lowest average number of days on the market. Frank only sold 1 condo but it was only on the market for 2 days — way shorter than the 108-day average based on all properties sold in the Bronx.
Frank sold the apartment for $135K at 4% below the listing price.
Bernie G. sold 1 co-op at 22% above the listing price in 2018. Among all residential properties sold in the Bronx for the year, this sale had the highest positive difference between the sales price and the listed price. Moreover, the apartment was sold in just 7 days for $232K.