Nov
05

Yankees And Bronx Real Estate

By
Yankees Win! NY Daily News photo

Yankees Win! NY Daily News photo

I’m not really a raving baseball fan but as long as Boston doesn’t win, I’m OK with whoever does.

John Massengale an architect and urban planner posted this brief  history:

“The boss of the Yankees, George Steinbrenner, complained about parking and a perception of crime, and said he might move his team if the city didn’t  build a new stadium for them. The then Mayor of the city, Rudolph Giuliani, proposed building a new stadium over a railyard on the west side of Manhattan, at a cost of $1,000,000,000.00.

The Bronx Borough President, the Honorable Fernando Ferrer, wanted to keep the Yankees in the Bronx by building what he called the Yankee Village.”

The rest is history as they say.

“The Yankees won. The world is right again,” team president Randy Levine said.

I was curious about how housing prices were doing in the Bronx since the construction of the new stadium so I visited Trulia’s  Bronx Real Estate Overview

Bronx median sales prices
Bronx Recently Sold Homes
Bronx median sales prices
Bronx Recently Sold Homes

Average price per square foot for Bronx NY was $201, a decrease of 9% compared to the same period last year. The median sales price for homes in Bronx NY for Jul 09 to Sep 09 was $390,000 based on 443 home sales. Compared to the same period one year ago, the median home sales price decreased 11.9%, or $52,500, and the number of home sales decreased 8.8%.

There are currently 3,048 resale and new homes in Bronx on Trulia, including 43 open houses, as well as 1,390 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Bronx NY was $463,916 for the week ending Oct 28, which represents an increase of 0.7%, or $3,009, compared to the prior week. Popular neighborhoods in Bronx include Riverdale and Throgs Neck – Edgewater Park, with average listing prices of $654,112 and $456,530.

Trulia’s Heat Map and neighborhood by neighborhood residential sales details here.

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