What a crazy, exciting and busy year to-date! Home sales have been fluid, and I have had the privilege of representing homes bringing forth multiple bidding. I would also mention however, it also depends upon price point, condition and location.
In trying to make this as simple as possible (!!!) for New Rochelle has 5 Elementary Schools, and since some of the zip codes represent those different Elementary schools, I have broken down the sales accordingly. Also, with the lesser priced homes selling quickly, I have also broken down the sales in different price points. It should be noted that the zip code 10804 includes both Davis and Ward Elementary Schools, while the Davis School Elementary School is in both the 10804 an 10583 zip codes. There are also homes in the 10801 zip code that are in the Ward School Elementary School.
Single Family Homes – Ward School $0-$499,000 10804/10801
There were 15 single family detached homes sold in this price range with the lowest price being $210,000, highest $499,000, with an average price per square foot of $226.61. The average sales price percentage to the original list price percentage was 92.69%.
Single Family Homes – Ward School – $500,000 – $699,000 10804/10801
There were 32 single family detached homes sold in this price range with the lowest price being $503,500 (and selling over asking price), and the highest priced sold home being $596,566 with an average price per square foot of $273,70. The average sales price percentage to the original list price percentage was 96.24%.
Single Family Homes- Ward School $700,000 – $800,000 10804/10801
There were 13 single family detached homes sold in this price range with the lowest price being $700,000 and the highest priced sale being $795,000, with an average sold price per square foot of $313.57. The average sales price percentage to original list price percentage was 98.85%.
Single Family Homes – Ward School $800,000 – $999,000 10804/10801
There were 16 single family detached homes sold in this price range with the lowest price being $810,000 (over the list price of $799,000 – my listing!), and the highest priced sale being $975,000, with an average price per square foot of $284.81. The average sales price percentage to the original sales price percentage was 94. 42%.
Single Family Homes – Ward School $1,000,000 + 10804/10801
There were 21 single family homes sold in this price range with the lowest price being $1,030,000 (sold over asking – my listing!), and the highest sales price being $1,775,000, with an average price per square foot of $306.81. The average sales price percentage to the original list price percentage was 90.38%. There were 10 homes sold under $1.2, and 11 homes sold over that price point.
Single Family Detached Homes $0-$499,000 – George M. Davis Elementary School – 10804/10583
There were 7 single family detached homes sold in this price range with the lowest sales price being $342,000, and the highest sold price being $499,000, with an average price per square foot of $300.65. The average sales price percentage to the original list price percentage was 93.30%.
Single Family Detached Homes $500,000 – $699,000 – George M. Davis Elementary School – 10804/10583
There were 29 single family detached homes sold in this price range with the lowest sales price being $515,000 and the highest price sales price being $675,000, with an average price per square foot of $303.80. The average sales price percentage to the original list price percentage was 97.89%.
Single Family Detached Homes $700,000 – $800,000 – George M. Davis Elementary School 10804/10583
There were 14 single family detached homes sold in this price range with the lowest sales price being $700,000 and the highest sales price being $800,000, with an average price per square foot of $327.25. The average sales price percentage to the original list price percentage was 95.19%.
Single Family Detached Homes $801,000 – $999,000 – George M. Davis Elementary School 10804/10583
There were 13 single family detached homes sold in this price range with the lowest sales price being $810,000 and the highest sales price being $975,000, with a price per square foot of $334.28. The average sales price percentage to the original list price percentage was 97.49%.
Single Family Detached Homes $1,000,000 + – George M. Davis Elementary School 10804-10583
There were 10 single family detached homes sold in this price range with the lowest price being $1,045,000 and the highest price being $1,930,000 with a price square foot of $354.02. The average sales price percentage to the original list price percentage was 95.17%.
What can we garner from these stats? Typically, the DAVIS Elementary School covers the Larchmont Woods area, and Northern New Rochelle whereas the William B Ward Elementary School area covers the central area of New Rochelle. We can see that the homes in the Larchmont Wood School area sell on average more per price per square foot. Both Elementary Schools offer the Albert Leonard Middle School. It should also be noted that with the New Rochelle area offering Magnet Schools, we have o very much to offer!
http://www.williampitt.com/guides-reports/market-watch/
New Rochelle is GREAT!
With mortgage rates at still unbelievably low rates ( last Friday’s rates reflected 30 year fixed rates posted at 3.625% (APR 3.648%) for loans up to $625,500 , and 15 year fixed loans posted at 3.25% (APR 3.178%), no one can deny that it is a great time in which to purchase a home.
