Welcome to The Homepreneur Chronicles, the ultimate destination for all things related to residential real estate, mortgages, and politics in Westchester County NY. Whether you're a first-time homebuyer, an experienced investor, or simply looking to stay on top of the latest trends and news, we've got you covered.
Information on Mortages, Calculators, Current Market Conditions
The City of New Rochelle continues to be a sought-after destination for condo buyers, with a competitive market and rising property values. According to the latest market data, 5 condo units have sold recently, and the numbers tell a compelling story. The median sales price of these condos stands at $688,000, reflecting the high demand and premium value of properties in this area.
What’s particularly impressive is that these condos are selling at 102% of their list price, which means buyers are eager and willing to offer above the asking price to secure their dream homes. Properties spend an average of 67 days on the market, demonstrating a healthy pace of transactions, where well-priced and well-presented homes are moving quickly.
Whether you're a buyer or seller, it's crucial to stay informed about local trends like these. Sellers should know they can expect competitive offers, while buyers need to be prepared to act fast. New Rochelle is proving to be a resilient and attractive real estate market, offering both investment potential and lifestyle appeal.
For personalized insights on how these trends impact your buying or selling strategy, don’t hesitate to reach out. Let’s make the most of this exciting real estate landscape together!
I am Thomas Roberts, also known as RealtorTom, and I have been a resident of New Rochelle, NY for over five decades. My father, Dr. Donald Roberts, served as the pastor of the First Presbyterian Church on 50 Pintard Avenue from 1966 to 1984. Unfortunately, he passed away in 2015 at Montefiore Hospital, formerly known as New Rochelle Hospital.
Throughout my life, regardless of my location or circumstances, I have always considered New Rochelle my true home. Growing up as a Preacher's Kid (PK) and living in the manse adjacent to the church, I felt at the center of New Rochelle's vibrant community. Various community leaders frequently visited my father, seeking his guidance and collaboration. He actively engaged with different groups and community organizers in the city, playing a key role in the establishment of July-o-Rama on David's Island during the late 1960s and early 1970s. Moreover, both of my parents dedicated themselves to feeding the homeless, leading support groups, and supporting numerous community leaders of that era. New Rochelle, during the 1970s and 1980s, offered an exceptional environment for my upbringing.
Artwork on the Wall at 14 Biehn St
During my younger years in New Rochelle, I witnessed significant events, including the fire at New Rochelle High School in May 1968, the grand opening of the "New Mall" on LeCount Place in November 1968, the sniper incident at the Neptune storage building on Weyman Avenue, the fire at Crab Tree Motors in December 1971, the opening of the New Library on Laughton Place, and the closure of the old library on Pintard Avenue.
Among the cherished memories, I recall the movie theaters on Main Street, namely RKO Proctors, Town Theater, and the small theater across from Town Theater, which hosted the long-running Rocky Horror Picture Show. These landmarks have come and gone, with the "Mall" being closed and demolished, only to be reborn as "New Roc City," which now faces an uncertain future.
One of our favorite dining spots while growing up was the Thru-way Diner, which, I believe, has now transformed into a Walgreens. When I attended college in West Virginia, I often tried to convey to my classmates what it was like living in a true melting pot. New Rochelle exemplified a community where people from diverse cultural and social backgrounds coexisted and worked together, fostering tolerance and creating a vibrant mix of individuals and ideas. Undoubtedly, New Rochelle has encountered challenges and faced significant issues. As the city progresses, these challenges and opportunities will continue to shape its identity. In many ways, this ever-evolving fabric of the city creates a patchwork, akin to a beautifully multi-colored quilt.
