Ann H. Rende

Unfortunetely for you ,the sellers in Pelham and Bronxville do not have a "wolf at the door" and thus do not panic. The homesellers will become more motivated usually around June, knowing that the average closing will take 2-3 months. It is the price range 600-800 which make a move first because they are "moving up," many times to a bigger house.
As for renting ,the only answer I have is that ,owning versus renting, provides you with the average equivelant of 9 tax deductions.I also hope you are working with a Pelham broker who relly knows our wonderful little town - Tue Apr 1 2008, 11:00

I have lived in Pelham since 1964. I have been a realtor in Pelham since 1984.. Over the years I have seen changes in Pelham. The schools have done nothing but improve as our area was discovered by the very highly educated , high achievers now living here.
I lived through the bad times in Real Estate during the early 90s and saw our housing prices drop. 1991--Ave .348,422 1992--Ave .323,369. However 1993 Ave--394,590. We have not seen a major price drop in all the time I have been in Real Estate. Our house values have held steady.partly due to the 27 minute train comute to GCT and our excellent schools. The other part is that wonderful people live in Pelham and it is a hard place to leave. It is a family town and the residents are very active in many many different organizations where people quickly make lifelong friends.
I hope you are using a Pelham Realtor who really knows the town.
If you have fopund a house I would suggest you buy it --we never have a lot of inventory . This year the inventory is down due to the homesellers listening to all those people in the media with their crystal balls. - Tue Apr 1 2008, 10:48

Dear Howard,
List to sale price average out at about 97% in the 10803 area. The 27 minute train ride and our excellent schools have kept our market here very strong. - Tue Jan 1 2008, 12:42

Hello Mercedes,
When buying a co-op you are buying shares in a corporation. So many shares per apartment. This is why when I sell a co-op I ALWAYS advise my client to get elected to the co-op board as soon as possible. If you are a shareholder in a corporation you want to have some knowledge and input about HOW this corp. is run.
A condo is different. You own the apartment--walls floors etc.
This is a simplified version to answer your question.
As to why it has been on the market for 3 months? There could be many factors --poor marketing, slow time of year , over pricing etc. However, with an efficiency you have a limited market. - Mon Dec 10 2007, 12:02