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High Bridge Home Prices

The data below shows median sales prices for High Bridge Bronx homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all High Bridge homes and apartments was $390,0001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for High Bridge

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 48.57% higher.

The quarterly rolling median price for all homes and apartments in bronx reached its most recent peak of $570,000 in May 2008. At $390,000, the current quarterly rolling median price is now 31.58% lower. When the quarterly rolling median price hit its lowest point (to date) of $2,500 in January 2010 it was 99.56% off the most recent peak. It has since climbed 15500.00% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in High Bridge for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $410,000 § $85,000 § — § $390,000 §
November 2010 $430,000 § $85,000 § — § $366,593 §
October 2010 $430,000 § $85,000 § — § $370,000 §
September 2010 $444,612 § — § — § $444,612 §
August 2010 $380,000 § $169,493 § $200,000 § $310,000 §
July 2010 $405,000 § $121,746 § $200,000 § $300,000 §
June 2010 $370,292 § $68,250 § $200,000 § $280,000
May 2010 $370,584 § $34,060 § — § $280,000
April 2010 $370,292 $30,120 § — § $280,000
March 2010 $392,000 § $2,500 — § $2,500
February 2010 $337,500 § $2,500 — § $2,500
January 2010 $398,430 § $2,500 — § $2,500
December 2009 $262,500 § — § — § $262,500 §

12 Month Rolling Home Price History for High Bridge

The 12 month rolling median price for all homes and apartments in bronx reached its most recent peak of $490,000 in April 2009. At $182,246, the current 12 month rolling median price is now 62.81% lower. When the 12 month rolling median price hit its lowest point (to date) of $150,000 in May 2010 it was 69.39% off the most recent peak. It has since climbed 21.50% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in High Bridge for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $380,000 $2,500 $200,000 § $182,246
November 2010 — § — § — § — §
October 2010 $373,200 $2,500 $200,000 § $195,000
September 2010 $370,584 $2,500 $200,000 § $199,000
August 2010 $370,292 $2,500 $200,000 § $184,246
July 2010 $370,992 $2,500 $200,000 § $159,162
June 2010 $370,292 $2,500 $200,000 § $150,000
May 2010 $370,292 $2,500 — § $150,000
April 2010 $335,000 $2,500 — § $159,162
March 2010 $357,500 $2,500 — § $171,190
February 2010 $386,715 $2,500 — § $199,000
January 2010 $369,215 $2,500 — § $200,000
December 2009 $335,000 $55,900 § — § $321,426

High Bridge Home Affordability

In 2007, the median household income in Bronx was $32,4092. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Bronx household, this would have meant that a monthly mortgage payment should not have exceeded $810 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 18.28% of the homes and apartments sold in High Bridge in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report. ↩

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets. ↩

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points. ↩

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