BRONXVILLE VILLAGE���� ANNUAL REPORT

HOULIHAN LAWRENCE

2HOULIHANLAWRENCE.COM

BRONXVILLE REAL ESTATE HERITAGE SPANNING FOUR GENERATIONS

Houlihan Lawrence is built upon a family tradition that began in 1888 when William Lawrence established Lawrence Investments in Bronxville, New York. He later founded Lawrence Hospital and Sarah Lawrence College and went on to enjoy an extensive legacy in Westchester. Today, Houlihan Lawrence is still based in the historic Bronxville building that William Lawrence purchased from Cornelius Vanderbilt where it all began 125 years ago.

When the Seaman family acquired Houlihan Lawrence in 1990 from the Lawrence family, it cemented a fourth-generation heritage in Westchester Real Estate. Nancy’s great grand father, Henry Sullivan, as well as her grandfather and uncle were leaders in Bronxville and Westchester Real Estate. Today, 81% of all single-family homes priced over $1 million that sold in Bronxville this year were either listed or sold (or both) by Houlihan Lawrence.

Principals Nancy Seaman and her two brothers, Stephen Meyers and Chris Meyers, lead a powerful team of 1200 agents, through 30 offices that cover all of Westchester, Putnam and Dutchess counties and Fairfield county.

Celebrating 125 years, the high standard of quality established at the beginning continues today. The Houlihan Lawrence philosophy is that of first-class, personalized service delivered with the greatest integrity and refinement. Innovation is a critical element of the company’s mission with attention to cutting-edge technology, the latest digital platforms and ongoing partnerships within the largest global network the area has to offer.

���� SOLD LISTINGS4 Beech Tree Lane3 Beverly Road5 Beverly Road8 Beverly Road9 Beverly Road19 Courseview Road12 Custer Place21 Dusenberry Road14 Eastway5 Greenfield Avenue15 Hamilton Avenue2 Hemlock Road37 Homesdale Road68 Kensington Road69 Kensington Road81 Kensington Road91 Kensington Road

93 Kensington Road103 Kensington Road3 Legget Road1 Library Lane18 Locust Lane30 Masterton Road31 Masterton Road160 Midland Avenue4 Morningside Circle3 Normandy Road1 Northway7 Northway12 Paddington Road28 Park Avenue33 Park Avenue67 Park Avenue73 Park Avenue135 Park Avenue

10 Park Avenue Terrace87 Parkway Road5 Pine Terrace241 Pondfield Road18 Prescott Avenue21 Ridge Road8 Sherman Avenue16 Sturgis Road36 Summit Avenue8 Sunnybrae Place15 Sunnybrae Place62 Tanglewylde Avenue33 Valley Road51 Valley Road129 White Plains Road142 White Plains Road

��� OF ALL HOMES SOLD IN BRONXVILLE THIS YEAR WERE LISTED, SOLD OR BOTH BY HOULIHAN LAWRENCE

SOURCE: HGMLS, 1/1/2015 – 12/31/2015, PARTICIPATED IN THE LIST SIDE, SALE SIDE OR BOTH, SINGLE FAMILY HOMES, BY OFFICE, BRONXVILLE SCHOOL DISTRICT.

PUT THE POWER OF HOULIHAN LAWRENCE TO WORK FOR YOU.

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BRONXVILLE VILLAGETEN-YEAR MARKET HISTORY

SINGLE FAMILY HOMES - DETACHED

MEDIAN SALES PRICE

NUMBER OFHOMES SOLD

0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

0.0

12.5

25.0

37.5

50.0

62.5

75.0

87.5

100.0

2011 2012 2013 2014 2015YTD20102009200820072006

$1,970,000

$2,300,000

$2,020,000$2,150,000 $2,100,000

$1,975,000 $2,009,500$2,190,000

$2,455,000

4942

35

21

59

39

61 6058

45

00

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

0

5

10

15

20

25

30

35

40

$917,500 $960,000 $935,000$998,620

$874,000$922,500 $895,000 $939,000

$1,147,500

$999,000

18 19

10 7

16

8

2023 22

MEDIAN SALES PRICE

NUMBER OFHOMES SOLD

2011 2012 2013 2014 2015YTD20102009200820072006

$1,900,000

17

UNITS SOLD

PRICE/SQ FT

% Change Y-O-Y

% Change Y-O-Y

MEDIAN PRICE% Change Y-O-Y

49

$1,970,000

42

$615

-14%

$2,300,000+17%

35

$650

-17%

+6%

$2,020,000-12%

21

$627

-40%

-4%

$2,150,000+6%

59

$571

+181%

-9%

$1,900,000-12%

39

$563

-34%

-1%

$2,100,000+11%

61

$554

+56%

-2%

$1,975,000-6%

60

$562

-2%

+1%

$2,009,500+2%

58

$622

-3%

+11%

$2,190,000+9%

45

$621

-22%

unchanged

$2,455,000+12%

*Data through 12/31/2015. Source: HGMLS Bronxville Village, detached single-family home sales.

TOWNHOUSES

MEDIAN SALES PRICE

NUMBER OFHOMES SOLD

0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

0.0

12.5

25.0

37.5

50.0

62.5

75.0

87.5

100.0

2011 2012 2013 2014 2015YTD20102009200820072006

$1,970,000

$2,300,000

$2,020,000$2,150,000 $2,100,000

$1,975,000 $2,009,500$2,190,000

$2,455,000

4942

35

21

59

39

61 6058

45

00

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

0

5

10

15

20

25

30

35

40

$917,500 $960,000 $935,000$998,620

$874,000$922,500 $895,000 $939,000

$1,147,500

$999,000

18 19

10 7

16

8

2023 22

MEDIAN SALES PRICE

NUMBER OFHOMES SOLD

2011 2012 2013 2014 2015YTD20102009200820072006

$1,900,000

17

UNITS SOLD

PRICE/SQ FT

% Change Y-O-Y

% Change Y-O-Y

MEDIAN PRICE% Change Y-O-Y

18

$917,500

19

$521

+6%

$960,000+5%

10

$556

-47%

+7%

$935,000-3%

7

$511

-30%

-8%

$998,620+7%

16

$479

+129%

-6%

$874,000-12%

8

$467

-50%

-3%

$922,500+6%

20

$469

+150%

unchanged

$895,000-3%

23

$478

+15%

+2%

$939,000+5%

22

$545

-4%

+14%

$1,147,500+22%

17

$627

-23%

+15%

$999,000-13%

*Data through 12/31/2015. Source: HGMLS Bronxville Village, attached single-family home sales.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$685+10%

$619-1%

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WHY HOULIHAN LAWRENCE IS THE �� REALTOR

IN BRONXVILLE VILLAGE

HOULIHAN LAWRENCE CLOSED

60% OF BRONXVILLEHOMES

HOULIHAN LAWRENCE CLOSED

35% OF BRONXVILLECO-OPERATIVES

HOULIHAN LAWRENCE CLOSED

57% OF BRONXVILLETOWNHOUSES

OUR TOP-RANKED AGENTS – 7 of the top 10 Bronxville Village agents are members of the Bronxville Houlihan Lawrence team. Additionally, 16 of the top 30 Westchester County realtors are Houlihan Lawrence agents.

Our team is woven into the fabric of the communities we serve, involved in fundraising for schools, hospitals and foundations such as The Community Fund, Lawrence Hospital, Elizabeth’s Hope, the Bronxville PTA, Athletic Council, and community food pantries. Our community driven agents set us apart from our competitors.

THE AREA’S LARGEST GLOBAL NETWORK COMBINED WITH THE AREA’S MOST POWERFUL LOCAL NETWORK –Building an esteemed network does not happen overnight. We have the area’s largest global network with international connections across 6 continents, with partners in 56 countries. In addition our local network of 26 offices is the most extensive in the area.

OUR CUTTING-EDGE TECHNOLOGY –We integrate smarter data and the newest digital platforms. Our state-of-the-art Website HoulihanLawrence.com gets 300,000 unique visitors per month.

HGMLS, 1/1/2015 – 12/31/2015, Dollar Sales Volume, Bronxville School District, By Office.

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HOULIHAN LAWRENCE IS ALSO THE �� REALTOR

IN ALL LOCAL MARKETS INCLUDINGYONKERS, TUCKAHOE AND FLEETWOOD

HGMLS, 1/1/2015 – 12/31/2015, Dollar Sales Volume, Bronxville PO/YonkersHGMLS, 1/1/2015 – 12/31/2015, Dollar Sales Volume, Bronxville PO/Tuckahoe

HGMLS, 1/1/2015 – 12/31/2015, Dollar Sales Volume, Fleetwood, 10552

#2

#3

HOULIHAN LAWRENCE CLOSED

55% OF BRONXVILLE PO/ YONKERS HOMES

#2

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#2HOULIHAN LAWRENCE CLOSED

22% OF BRONXVILLE PO/TUCKAHOE HOMES

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HOULIHAN LAWRENCE CLOSED

26% OF FLEETWOODHOMES (10552)

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0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

0102030405060708090100110120130

$805,000

$717,500 $712,500 $725,000 $716,000 $690,000$731,250

$682,500

$802,500 $803,500

43 52

27 30 33 3540

57 64

MEDIAN SALES PRICE

NUMBER OFHOMES SOLD

2011 2012 2013 2014 2015YTD20102009200820072006

57

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

BRONXVILLE P.O./YONKERS SCHOOL DISTRICTTEN-YEAR MARKET HISTORY

UNITS SOLD% Change Y-O-Y

MEDIAN PRICE% Change Y-O-Y

43

$805,000

52+21%

$717,500-11%

27-48%

$712,500-1%

30+11%

$725,000+2%

33+10%

$716,000-1%

35+6%

$690,000-4%

40+14%

$731,250+6%

57+43%

$682,500-7%

64+12%

$802,500+18%

57-11%

$803,500

*Data through 12/31/2015. Source: HGMLS Bronxville P.O/Yonkers, detached single-family home sales.

unchanged

PRICE/SQ FT% Change Y-O-Y

$336 $344+2%

$353+3%

$318-10%

$321+1%

$306 $310+1%

$313+1%

$335+7%

$307-8%-5%

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BRONXVILLE BROKERAGE | 4 VALLEY RD | BRONXVILLE, NY 10708 | 914.337.0400/5400

Dear Neighbors,

Happy New Year to all!

Summary of 20152015 saw the median price of a single-family home rise to an all-time high of $2,455,000, up 12% over last year’s median. The Village of Bronxville boasts the highest median sale price in all of Westchester County, although that distinction can be a double-edged sword. As well, the average price per square foot rose to $685, up 9% over 2014. Predictably, when prices rise, demand often eases somewhat and that also occurred in 2015. The number of single family home sales declined by around 22% compared to 2014; 45 houses closed in 2015 vs. 58 in 2014 and 60 in 2013.In the townhouse market, the median sale price settled back below $1,000,000, but only barely: $999,000 was the median. Although down by 13% from 2014, 2015’s median is still higher than 2013’s $939,000 by more than 6%. Price per square foot was $619 compared with $627 in 2014, a strong indicator. 17 townhouses closed last year; they continue to be sought after. The Village coop market experienced another rise in price per square foot, up to $441. Price per square foot has risen steadily since 2010, and the median was up to $542,000 from last year’s $400,000. Median coop prices are largely affected by the supply of inventory that comes to market each year which is why price per square foot can be a more reliable indicator of coop prices. There were 44 Village coop sales in 2014.

Looking Forward Bronxville Village continues to remain an extremely desirable community as these statistics indicate. As well, Bronxville has a diversity of housing stock which enables those who wish to take advantage of the school, the community and our proximity to NYC a broader selection of choices (other than single family homes). However, buyers often comparison shop among other Westchester and Connecticut communities to determine the “right” fit for their particular circumstances. Prices and value perceptions need to remain in line or buyers might ultimately purchase elsewhere. Happily, the last few weeks of 2015 have seen quite a flurry of activity! There were four townhouses in contract at the end of 2015 and five single family houses as well. A great end to the year…and a strong start for the new one!

Warm regards,Cynthia LandisBrokerage Manager

98%OF THE WORLD’S COUNTRIESVISIT OUR WEBSITEHOULIHANLAWRENCE.COM

4 Global NetworksPROVIDING OUR CLIENTS WITH THE AREA’S LARGEST AND MOST EXTENSIVE GLOBAL REACH

6 ContinentsWE SERVE CLIENTS ON

WITH PARTNERS IN OVER21,500 INTERNATIONAL OFFICES SPANNING 56 COUNTRIES

#1 In Bronxville81% OF ALL HOMES SOLD IN BRONXVILLE THIS YEAR WERE EITHER LISTED, SOLD, OR BOTH BY HOULIHAN LAWRENCE

Source: HGMLS, 1/1/2015 – 12/31/2015, participated in the list side, sale side or both, single family homes, by company, Bronxville School District.

FROM BRONXVILLE TO BEIJINGBuilding an esteemed network does not happen overnight. We have been developing our powerful connections for 125 years. We understand world-wide markets. We have the area’s largest global network with international connections across 6 continents, with partners in 56 countries. Our local network is the most impressive in the area. And by integrating smarter data and the newest digital platforms, our Private Brokerage and Corporate Relocation teams can pair the right client with the perfect home—whether they’re around the corner, or across the globe.

Proven and Proving it.