Bronx Home Prices

Kingsbridge Heights

For all the talk of a Bronx real estate boom in recent years, here’s an interesting fact: home prices still remained below their 2006 peak. Until now.

The borough’s average home price rose to $515,000 in the fourth quarter, according to the Real Estate Board of New York, 2 percent above the 阿拉爱上海同城

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previous record. In Kingsbridge Heights prices rose by a staggering 15 pe爱上海同城对对碰

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rcent between the end of 2016 and 2017, to $470,000.

“It is it all about transportation and value compared with Brooklyn, Queens and Manhattan,” Douglas Elliman broker Charles Brophy told the Wall Street爱上海同城

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Journal.

The median Bronx price in the Bronx was $499,000 in the fourth quarter, down 1 percent from its record high in June.

For-sale homes account for a small fraction of the Bronx’ residential market, but the rental market is just as hot, with rents rising faster than anywhere else in the city.  [WSJ] Kon上海贵族宝贝

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rad Putzier 

Tags: Home Prices, Residential Real Estate, the Bronx
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