The Bronx’s Most Expensive Neighborhood in 2015 May Not Be The One You Think

A house on City Island
A house on City Island

PropertyShark just released its top ten most expensive neighborhoods in 2015 and although Riverdale is on the list, it isn’t the most expensive as many would think.

The top ten most expensive neighborhoods in our borough last year are as follows:

  1. Morris Park Median Sale Price: $464,500
  2. Spencer Estates – Country Club Median Sale Price: $427,000
  3. City Island Median Sale Price: $415,000
  4. Pelham Gardens Median Sale Price: $414,000
  5. Locust Point Median Sale Price: $378,691
  6. Van Nest Median Sale Price: $377,500
  7. Pelham Bay Median Sale Price: $375,000
  8. Throggs Neck Median Sale Price: $372,400
  9. Riverdale Median Sale Price: $347,500
  10. Castle Hill Median Sale Price: $345,000

Yup, you read that correctly. Riverdale placed 9th and not at the top of the list.

Although, as someone who has been in real estate for 20 years, I wouldn’t take this list as the authoritative list of the most expensive neighborhoods in The Bronx simply because it is just for inventory that moved in 2015.

Riverdale and Fieldston by far exceed anything in the rest of The Bronx by more than twice what Morris Park’s median sales price is for 2015—there was just not enough sales in the area to indicate as such.

Check out what PropertyShark has to say about these neighborhoods in their list.

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Ed García Conde

Ed García Conde is a life-long Bronxite who spends his time documenting the people, places, and things that make the borough a special place in the hopes of dispelling the negative stereotypes associated with The Bronx. His writings are often cited by mainstream media and is often consulted for his expertise on the borough's rich history.