This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Soundview Home Prices

The data below shows median sales prices for Soundview 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 Soundview homes and apartments was $370,000¹. 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 Soundview

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 6.44% lower.

The quarterly rolling median price for all homes and apartments in bronx reached its most recent peak of $568,250 in September 2007. At $370,000, the current quarterly rolling median price is now 34.89% lower. When the quarterly rolling median price hit its lowest point (to date) of $19,336 in February 2008 it was 96.60% off the most recent peak. It has since climbed 1813.53% from that post peak low.

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

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Soundview

The 12 month rolling median price for all homes and apartments in bronx reached its most recent peak of $495,000 in November 2006. At $372,555, the current 12 month rolling median price is now 24.74% lower. When the 12 month rolling median price hit its lowest point (to date) of $207,870 in October 2008 it was 58.01% off the most recent peak. It has since climbed 79.22% from that post peak low.

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

History of Rolling Median Sales Prices for the Last Year

Soundview 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 Soundview in all of 2007.