Preview
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
7/14/2018 The StoltzReport2016
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
H OU L I H A N
LAW RE NC E
Keyword, MLS, Address
RESOURCES
The Stoltz Report
The Stoltz Report 2016
Luxury Market Report
Buyer Handbook
Seller Handbook
Area Resources t
THE STOEfZREPORT
Branml:eAreaRealEstae
266AnnualSurnrnary
-
ÎNTERPRETING
THE
MARKET
SHEIM STOLTZ
a
rtAlllhG
II t51t'll
http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 1/13
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
7/14/2018 The StoltzReport2016
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
SHEEASTOI.Tz
2016ANNUAL SUMMARYAND OUTLOOK
nearNeighbor.
TheBronxvillearearealestatemarketscontinuetoperformwell.
Thisiswelcomenews.cspeciallycensidering
thatwearelnihelaterstagesofthereal
estaterecovery.
Sales
volwne
inthearea
contInnes
lobetrending
bolmythc2012-2014hightulumeyears,hutpricingin
higherthaninstsand
generally remainswrycloset
historiclevels,
TheBronxville
realestatecotperferrupether
market itenimel0Sepearimityio
pregmarkets
Manhattan,tacknfavailable
landfornewconstruction..and
Itsaxlairned
publicschool.
Due
tothestrengthof
thecurrentmarket,Ipredictwewillhaw
anr.ar]ysellingscasunasbuyersandsellcrswanttobsopporttLnistk:
andtakeadvantagpof
theattractiwreelestateomaditions.
yearbrings
Every newmarket chal]ED
E5Belaw
opportunitiesend aresome
ofinythoughtsand
trends
to
considerfor20U:
• The2016
Presidential
clectionshould
havea
meaningfulimpsetonour
realestatemarket.
Interestrates
remainlow,thestock
marketIsatanall-timehighandfinancialstockshaveralliedconsiderably.Anticipated
changesintheregulatoryenvironmentbenmEtthosewhoworkintheñoanciatservicessectorandtbatshould
expandthenumberefbuyersinterestedinBronxville.
*Forthepastcoupleofyearswehaveexperienced
lower
realestatesalevolumesbut
strongpricing.
Hepefully
wecancont[nue
toholdprking
kwlsandincreasesales
in2017but
volume ashome
prices
rise,wedo
Jose
certalnbuyerstamarcafordable
mmritetsintheNewYetkarea.
•Weareexperiencingarehlanr-iginwbatbuyErs
arewilling
tnPay
kr mots el~
intypes Since2007.
apeak co-opshaveexperienced
pricingyear,BronxvilleVillaganaverage
persquare
footpricingincreaseof
to
20%townhomesiJ.5%andsingle-familyhomesa3%1ncrease.InthepasLdecadcabuyershavebeenwilling
payincrefersmallerbomeswrithlessinnintenarm
itwillbeinterestingtowatchkhespreadinprfeiogin2or1
annongtheapartmerrts,Enwn
homes,andsingle-familyhomes.
*Bronrville
is5eeingincreasedsupplyofhousesforsale
inthehigh-enddue
todemographics,and
economics,
Inaddition,thehigh-endcondominiumdevelopmentcalledVillaBXV,comingonlinein2017-
lilestyletrends. coming
201& int"
isscccitrating homeowners'
nest sellingdedsions.
Wehawhad
atr]ætiwly
stronghlgh-emi
empty
marketlti
2016.
Ilepefully,witb
thestockmarketatanail-timehighaudlawinterest
rate5weellimtirreeto
havehealthydemandinthissegment.
Ihopeyou(mdthefollowinginformationandanalysiahelpful.
lidncerely,
Sheila
MorrisseyStoltz
Licensed
Real
EstateAsseelate
Broker
914.310.6220
http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 2/13
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
7/14/2018 The StoltzReport2016
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
Area20·6 lendSe·r,w y
Bronxville
BRONXVILLEVILLAGE SINGLEFAMILYHOMES
Bmnxvilk
Village homesale
single-family was
verystrer
pricing gin2016, themarket
continuing recovery
we'
thatw
e've
been since
seeing 2009.
Themedian
home
sakprice
wasS2,605,000
n compared
to32,456,000
In2015,
andtheaverage
price
persquare
footwe3670
ascornpared
to$685
in2015.
In20t6,
42homes
sold
which
isbelow
thepeak
volume
year
of61
homes
sold
in2012
butmore
inIInewiththe10-year
average
of46
homes
sold
annually. 40%ofallhomes
Appmxirnately IntheVIIInge
sold
between
$2,500,000-s3,500,000
inauldThehighest
price
paidforehome
in2016
was$5,200,000
andthelowest
price
paidwas
$1.425000.
Current
and isweighted
tedinventory towards
thehighend
withverylittleinventory
anthemarket
below
$2,000000.
Thestrength
inpricing
isenemuraging
aswehead
inra2017,
Idoanticipate
meaningful
new
inestory onthemarket
coming intheBest
quarter,
Bmnxvine
Vfliage
Single Homes
Family -10-Year
PriceandWIume
History
an
g
seam,mo l„jso
q
fm 8
mc
sn», lo
m
unu tus lms mio fon mu mu uricurn mrs
FamHyHomes.
~amumu~
Bronyville
Village
Single Stathtfee
Summary
mChange Average
mChange Prices
Median vs2006' P/BF vs2006' High Tow
2016 $2,605,000 3325 4670 8.9% 35,200,00051,425,000
2015 52455400 24.616 8685 1L45 s&500A00 5075400
2014 $2,190,000 1L2% 5631 L0% $5,283,0005885,000
2013 $2A09
500 225 8650 2.4% 37,000,0005760400
2012 4),975,000A3% 4562 -8.6% 57,150,000$900,000
20u $2,i00A00 een 5554 495 55,150A00 5464000
2010 St,900,000 -36% $563 -8.5% 35,350,000$777,500
2009 $2,150A00 9.15 $571 f.25 55,000A00 $735A00
2008 52A20,000 2.5% 3027 2.0% 84,150,00032]0,000
2007 $2,500000I6895 $650 5.75 $€ 50AO0 $922,300
9representahmamnpingewrm
xes,apakpidneyear.
smaxville - unitBalm
vmage syPricecategoryo/i-12/an
Price
hp 2016 gots 2n342013 2012 200
20102009200820s
UptoBL000.000 0% 2% S% 2% 7% B% 5% H 6% H
3100000D-31
499ß00 7% On 7% 17% 28% 15m 24% 14% 6% 5%
sl,50a000-s),999999
14% 24% 31%25 23% 1B%29% 29% 35 19%
42400000-s2409999
24% 27% 88%40m 20% SSE 15% 14% 20m 33%
$2,500,000
82,999,999
24% 27% 17% 7% 15m 15m 7% 19% 17% 2)m
29% 18% 7% 5% 10% B% 19% 145 14% 14%
25000,000
andup 2% 7% 2% 3% 3% 3% 2% Sm On 2%
IbtalunitsSohlloom man 100m100m100m100m100m100m100m100m
htal finiteSnM 42 45 55 60 41 39 59 21 35 42
http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 3/13
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
7/14/2018 The StoltzReport2016
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
Susu STor.TZ
BRONXVILLEVlLLAGE TOWN HOMES
Bmnxville
Village
isunique
inthatit hase
prominent
townhome
market ofappmximately
consisting 240
homes.
Bronsville
Village
town cairnwere
stable
in 2016
alterseveral
years
ofimpressin
sales.
Themedian
tm homesale
price
was$1a56,500
ascompared
to$999000
in2015,
andtheawrage
prfee
persquare
footwas$620
in.2016
ascompared
to$6191n
2015. 44%
ofalltownhomes
ApproxEmately traded
between
$700,000
ands1,000,0D01n
and50%
2015. soldbetween
$1400.000
and$1,500.0DD.
Thehighest
prlecin2018was
paid si.504ADD
andthclowest
pricepald
was
$815,000.
Town eontinueto
homes trade
well
thehistoric
above andmuch
average tosinpe-
closer
singkfamily onapersquare ernieTown
pricing homes
ofFeran"urbanfeel",attractive andlowertuesincomparisontoringle-
Bronxvillevillapentryprice
point, comparison
elngl-
familyhomes.
BronxvilleVillageTownMomes-LO-YearPriceandVolumeHistory
sunem- - as
esecoca
SeeqAce O
200) zeco lcmme zon 2m2 20s lais20s me
Bronxville
Village -Summary
TownHomes Statistles
2016
Median
5 ‰nge
vs2006'
s3,05600015.1%
~ wmtew~
Averege
PßiF
s620
% nge
vs2006'
1945
High
Frices
Low
31,504.000seLo,000
20L5 5999#00 8.9% 3619 IlL8lt A2250A00 4B15#00
2014 $1.147.500 25.1% 3627 20.3% 31.590
000 8745,000
2013 B939400 2.3% 3545 4M 31.375A00$737,500
2012 s898,000.2.sa $478 42% s1.200,0004415800
2011 $922.800 0.8% S469 -100% B1,200S00$638400
2010 s874400 .4.7% 0467 -104% $1.a00z00 $470,000
2009 $998A20 8A% 4479 8.1% $2#o0000 $775400
$915,000 195 3513 -L9% SI550,000 5590,450
2007 896DA00 40% 8506 6715 31,42I,000 8680400
•ueemamtubchanpinimkefameomapeakpriampar-
-
11ronxvilleVillage'1ownEurnes-Unit5ales
Byprime
Categpry
0/1-12/S1)
Pr|ee
Rutge ~
2016 ,
20Ui ~
201420132011201320]9 200920082007
Upto$499.999 0% 0% 0% 0% 0% 0% 14% o% on on
8s00So0-ee99,000on On On on ion 25m e5 an iDs s%
$700,000
s999400 44 55% 25% 70% 80% 50% 65% 57% 70% 53%
oi400oa0.s1,499999
son arne ram s0%as za as% 29% 2ns sas
31.500A00
81,999299965 6% 5% 0% 0% DB OS 14% DB DB
$2400,000sodhigher
0% 6% 0% 0% 0% 0% A% 0% 0% 0%
1wtaluniissold100%100%Joon100%icosicos icos toes too%loon
TotalUnitsSold 16 17 22 23 30 8 16 7 10 19
http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 4/13
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018
7/14/2018 The StoltzReport2016
NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018
BronxvilleArea.id
29oA,ro,15e·r,wy
BRONXVILLEVILLAGE CO-OPERATIVEAPARTMENTS
Bmnxville
Village
hasalarge market.
apartment including 1,200
apartment
approximately most
dwellings,
ofwhich
areco-operative
apartments.
Themedian
price
pointforapartments
increased
to3S27,500in
2016
ascompared
to$542,350
in2015.
Theaverage
price
persquare
footincreased
to8485
ascompared
to5441
In2015.
Unitsales
volume
peaked
[n2005
with64unitsales,
andsince
2011
unitvolume
hasaveraged
about
45unlisperyear.
In2015.38
apatiments
sokLThehighest
price din20]6
was
514000andthelowest
priscpaid
was
$154,000.
Thempartment
market
attraels
newcomers
toBronxville
whoarcInterested
inan
spur
tment
lifwtyle
andthezifordablE
. Eeye
paint.
entry rtm alsoemattractive
totheamply
nesters
fromlarger
downsizing homes wishtoremain
butwho inEronsville
Village.
llronxville
Village
Co-operathe - Ip-harpriesandVolumentury
Preview
FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 7/14/2018 The StoltzReport2016 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 H OU L I H A N LAW RE NC E Keyword, MLS, Address RESOURCES The Stoltz Report The Stoltz Report 2016 Luxury Market Report Buyer Handbook Seller Handbook Area Resources t THE STOEfZREPORT Branml:eAreaRealEstae 266AnnualSurnrnary - ÎNTERPRETING THE MARKET SHEIM STOLTZ a rtAlllhG II t51t'll http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 1/13 FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 7/14/2018 The StoltzReport2016 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 SHEEASTOI.Tz 2016ANNUAL SUMMARYAND OUTLOOK nearNeighbor. TheBronxvillearearealestatemarketscontinuetoperformwell. Thisiswelcomenews.cspeciallycensidering thatwearelnihelaterstagesofthereal estaterecovery. Sales volwne inthearea contInnes lobetrending bolmythc2012-2014hightulumeyears,hutpricingin higherthaninstsand generally remainswrycloset historiclevels, TheBronxville realestatecotperferrupether market itenimel0Sepearimityio pregmarkets Manhattan,tacknfavailable landfornewconstruction..and Itsaxlairned publicschool. Due tothestrengthof thecurrentmarket,Ipredictwewillhaw anr.ar]ysellingscasunasbuyersandsellcrswanttobsopporttLnistk: andtakeadvantagpof theattractiwreelestateomaditions. yearbrings Every newmarket chal]ED E5Belaw opportunitiesend aresome ofinythoughtsand trends to considerfor20U: • The2016 Presidential clectionshould havea meaningfulimpsetonour realestatemarket. Interestrates remainlow,thestock marketIsatanall-timehighandfinancialstockshaveralliedconsiderably.Anticipated changesintheregulatoryenvironmentbenmEtthosewhoworkintheñoanciatservicessectorandtbatshould expandthenumberefbuyersinterestedinBronxville. *Forthepastcoupleofyearswehaveexperienced lower realestatesalevolumesbut strongpricing. Hepefully wecancont[nue toholdprking kwlsandincreasesales in2017but volume ashome prices rise,wedo Jose certalnbuyerstamarcafordable mmritetsintheNewYetkarea. •Weareexperiencingarehlanr-iginwbatbuyErs arewilling tnPay kr mots el~ intypes Since2007. apeak co-opshaveexperienced pricingyear,BronxvilleVillaganaverage persquare footpricingincreaseof to 20%townhomesiJ.5%andsingle-familyhomesa3%1ncrease.InthepasLdecadcabuyershavebeenwilling payincrefersmallerbomeswrithlessinnintenarm itwillbeinterestingtowatchkhespreadinprfeiogin2or1 annongtheapartmerrts,Enwn homes,andsingle-familyhomes. *Bronrville is5eeingincreasedsupplyofhousesforsale inthehigh-enddue todemographics,and economics, Inaddition,thehigh-endcondominiumdevelopmentcalledVillaBXV,comingonlinein2017- lilestyletrends. coming 201& int" isscccitrating homeowners' nest sellingdedsions. Wehawhad atr]ætiwly stronghlgh-emi empty marketlti 2016. Ilepefully,witb thestockmarketatanail-timehighaudlawinterest rate5weellimtirreeto havehealthydemandinthissegment. Ihopeyou(mdthefollowinginformationandanalysiahelpful. lidncerely, Sheila MorrisseyStoltz Licensed Real EstateAsseelate Broker 914.310.6220 http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 2/13 FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 7/14/2018 The StoltzReport2016 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 Area20·6 lendSe·r,w y Bronxville BRONXVILLEVILLAGE SINGLEFAMILYHOMES Bmnxvilk Village homesale single-family was verystrer pricing gin2016, themarket continuing recovery we' thatw e've been since seeing 2009. Themedian home sakprice wasS2,605,000 n compared to32,456,000 In2015, andtheaverage price persquare footwe3670 ascornpared to$685 in2015. In20t6, 42homes sold which isbelow thepeak volume year of61 homes sold in2012 butmore inIInewiththe10-year average of46 homes sold annually. 40%ofallhomes Appmxirnately IntheVIIInge sold between $2,500,000-s3,500,000 inauldThehighest price paidforehome in2016 was$5,200,000 andthelowest price paidwas $1.425000. Current and isweighted tedinventory towards thehighend withverylittleinventory anthemarket below $2,000000. Thestrength inpricing isenemuraging aswehead inra2017, Idoanticipate meaningful new inestory onthemarket coming intheBest quarter, Bmnxvine Vfliage Single Homes Family -10-Year PriceandWIume History an g seam,mo l„jso q fm 8 mc sn», lo m unu tus lms mio fon mu mu uricurn mrs FamHyHomes. ~amumu~ Bronyville Village Single Stathtfee Summary mChange Average mChange Prices Median vs2006' P/BF vs2006' High Tow 2016 $2,605,000 3325 4670 8.9% 35,200,00051,425,000 2015 52455400 24.616 8685 1L45 s&500A00 5075400 2014 $2,190,000 1L2% 5631 L0% $5,283,0005885,000 2013 $2A09 500 225 8650 2.4% 37,000,0005760400 2012 4),975,000A3% 4562 -8.6% 57,150,000$900,000 20u $2,i00A00 een 5554 495 55,150A00 5464000 2010 St,900,000 -36% $563 -8.5% 35,350,000$777,500 2009 $2,150A00 9.15 $571 f.25 55,000A00 $735A00 2008 52A20,000 2.5% 3027 2.0% 84,150,00032]0,000 2007 $2,500000I6895 $650 5.75 $€ 50AO0 $922,300 9representahmamnpingewrm xes,apakpidneyear. smaxville - unitBalm vmage syPricecategoryo/i-12/an Price hp 2016 gots 2n342013 2012 200 20102009200820s UptoBL000.000 0% 2% S% 2% 7% B% 5% H 6% H 3100000D-31 499ß00 7% On 7% 17% 28% 15m 24% 14% 6% 5% sl,50a000-s),999999 14% 24% 31%25 23% 1B%29% 29% 35 19% 42400000-s2409999 24% 27% 88%40m 20% SSE 15% 14% 20m 33% $2,500,000 82,999,999 24% 27% 17% 7% 15m 15m 7% 19% 17% 2)m 29% 18% 7% 5% 10% B% 19% 145 14% 14% 25000,000 andup 2% 7% 2% 3% 3% 3% 2% Sm On 2% IbtalunitsSohlloom man 100m100m100m100m100m100m100m100m htal finiteSnM 42 45 55 60 41 39 59 21 35 42 http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 3/13 FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 7/14/2018 The StoltzReport2016 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 Susu STor.TZ BRONXVILLEVlLLAGE TOWN HOMES Bmnxville Village isunique inthatit hase prominent townhome market ofappmximately consisting 240 homes. Bronsville Village town cairnwere stable in 2016 alterseveral years ofimpressin sales. Themedian tm homesale price was$1a56,500 ascompared to$999000 in2015, andtheawrage prfee persquare footwas$620 in.2016 ascompared to$6191n 2015. 44% ofalltownhomes ApproxEmately traded between $700,000 ands1,000,0D01n and50% 2015. soldbetween $1400.000 and$1,500.0DD. Thehighest prlecin2018was paid si.504ADD andthclowest pricepald was $815,000. Town eontinueto homes trade well thehistoric above andmuch average tosinpe- closer singkfamily onapersquare ernieTown pricing homes ofFeran"urbanfeel",attractive andlowertuesincomparisontoringle- Bronxvillevillapentryprice point, comparison elngl- familyhomes. BronxvilleVillageTownMomes-LO-YearPriceandVolumeHistory sunem- - as esecoca SeeqAce O 200) zeco lcmme zon 2m2 20s lais20s me Bronxville Village -Summary TownHomes Statistles 2016 Median 5 ‰nge vs2006' s3,05600015.1% ~ wmtew~ Averege PßiF s620 % nge vs2006' 1945 High Frices Low 31,504.000seLo,000 20L5 5999#00 8.9% 3619 IlL8lt A2250A00 4B15#00 2014 $1.147.500 25.1% 3627 20.3% 31.590 000 8745,000 2013 B939400 2.3% 3545 4M 31.375A00$737,500 2012 s898,000.2.sa $478 42% s1.200,0004415800 2011 $922.800 0.8% S469 -100% B1,200S00$638400 2010 s874400 .4.7% 0467 -104% $1.a00z00 $470,000 2009 $998A20 8A% 4479 8.1% $2#o0000 $775400 $915,000 195 3513 -L9% SI550,000 5590,450 2007 896DA00 40% 8506 6715 31,42I,000 8680400 •ueemamtubchanpinimkefameomapeakpriampar- - 11ronxvilleVillage'1ownEurnes-Unit5ales Byprime Categpry 0/1-12/S1) Pr|ee Rutge ~ 2016 , 20Ui ~ 201420132011201320]9 200920082007 Upto$499.999 0% 0% 0% 0% 0% 0% 14% o% on on 8s00So0-ee99,000on On On on ion 25m e5 an iDs s% $700,000 s999400 44 55% 25% 70% 80% 50% 65% 57% 70% 53% oi400oa0.s1,499999 son arne ram s0%as za as% 29% 2ns sas 31.500A00 81,999299965 6% 5% 0% 0% DB OS 14% DB DB $2400,000sodhigher 0% 6% 0% 0% 0% 0% A% 0% 0% 0% 1wtaluniissold100%100%Joon100%icosicos icos toes too%loon TotalUnitsSold 16 17 22 23 30 8 16 7 10 19 http: //sheilastoltz.houlihanlawrence.corn/the-stoltz-report-2016/ 4/13 FILED: WESTCHESTER COUNTY CLERK 07/14/2018 08:37 PM INDEX NO. 60767/2018 7/14/2018 The StoltzReport2016 NYSCEF DOC. NO. 13 RECEIVED NYSCEF: 07/14/2018 BronxvilleArea.id 29oA,ro,15e·r,wy BRONXVILLEVILLAGE CO-OPERATIVEAPARTMENTS Bmnxville Village hasalarge market. apartment including 1,200 apartment approximately most dwellings, ofwhich areco-operative apartments. Themedian price pointforapartments increased to3S27,500in 2016 ascompared to$542,350 in2015. Theaverage price persquare footincreased to8485 ascompared to5441 In2015. Unitsales volume peaked [n2005 with64unitsales, andsince 2011 unitvolume hasaveraged about 45unlisperyear. In2015.38 apatiments sokLThehighest price din20]6 was 514000andthelowest priscpaid was $154,000. Thempartment market attraels newcomers toBronxville whoarcInterested inan spur tment lifwtyle andthezifordablE . Eeye paint. entry rtm alsoemattractive totheamply nesters fromlarger downsizing homes wishtoremain butwho inEronsville Village. llronxville Village Co-operathe - Ip-harpriesandVolumentury