Annual Sales Increase in Edgemont and Scarsdale

Here is the annual real estate report, provided by local realtors Elise Flagg and Laura Miller: Real estate sales in both Scarsdale and Edgemont were up for 2014 over 2013. In Scarsdale 253 single family homes sold in 2014 versus 237 in 2013, an increase of approximately 6.5%. The median price, which stood at just under $1.3MM last year, is now just under $1.5MM, "a remarkable 15% increase in just 12 months" according to Houlihan Lawrence Office Manager, Lewis Arlt. Just over 50% of those sold houses were $1.5MM or less. Another 40% were in the $1.5-3MM price range and approximately 10% sold for more than $3MM.

Edgemont saw an increase of over 11% in unit sales with 104 houses sold in 2014 versus 92 in 2013. The median sale price went up significantly, climbing 20% from $968,750 in 2013 to $1,165,000 in 2014. As for the distribution of sales, about 40% of those houses were $1MM or less, another 40% were in the $1-1.5MM range and 20% sold for more than $1.5MM.

Realtors are expecting a vibrant spring market for 2015. Both Zillow and Realtor.com have predicted that "Millenial" buyers (under 35 years old) will be the largest group of buyers by the end of 2015, overtaking the Gen Xers (35-50 year olds). These projections are based on statistics that show that Millenials have delayed marriage and children but are now reaching the child-bearing/home-purchasing years. Overall economic gains and increased jobs in 2015 should also boost the market.

Scarsdale Since January 2014:

• Up to $1MM: 8 active listings, 57 in contract or sold
• $1-1.5MM range: 15 active listings, 86 in contract or sold
• $1.5-2MM range: 7 active listings, 59 in contract or sold
• $2-3MM range: 16 active listings, 54 in contract or sold
• $3-5MM range: 22 active listings, 26 in contract or sold
• $5MM and up: 8 active listings, 6 in contract or sold

Edgemont Since January 2014:

• Up to $1MM: 8 active listings, 51 in contract or sold
• $1-2MM range: 7 active listings, 68 in contract or sold
• $2-3MM range: 0 active listings, 4 in contract or sold
• $3MM+ range: 1 active listing, 0 in contract or sold

We are available to offer insight into the local real estate market, provide a comparative market analysis of your home and to advise you on selling and buying a home.-- Laura Miller and Elise Flagg.

Sales:

130 Aqueduct Drive: This wonderful English home is bathed in light. It is nestled on a quiet street close to Edgemont's award winning schools, within minutes to Metro North and both Scarsdale and Hartsdale town centers. The house has been superbly renovated with a beautiful new eat in kitchen including stainless steel appliances, granite counters and abundant cabinetry. All 3 bathrooms are new as well. Additionally, this home has hardwood floors, excellent storage, new central ac, ceiling fans, new hot water heater and new boiler.
Sale Price: $960,000
Real Estate Taxes: $23,580

5 High View Drive: Enjoy sophisticated living in Edgemont. Generously sized rooms include the living room with bay window, Gourmet chef's kitchen with sky light, high-end appliances including Thermador double oven and dishwasher, GE Profile cooktop and Jenn-Air refrigerator; stunning granite counters, custom cabinetry and breakfast counter. The kitchen leads to the open concept dining room with built-in cabinetry and is adjacent to the grand, versatile great room w/beamed ceiling, corner fireplace, recessed lighting and sliding door to huge patio overlooking the private yard. Next to the great room is an office/guest room. Ideal flow for entertaining! Master bedroom with renovated bath w/sky light, 2 additional bedrooms and 2nd renovated hall bath. Lower level office/den area w/powder room provides additional space. Hardwood floors, newly paved driveway with Belgian block skirt.

Sale Price: $765,000
Real Estate Taxes: $22,638

Featured Listings:

35 Birchall Drive, Scarsdale: Magnificent stone home on .97 acre with specimen plantings and beautiful pool. Lovely flat yard for added enjoyment. Large entry leads to beautiful living room with doors to a covered porch, a wood paneled study, a fabulous dining room, as well as the pool area in the yard. The entry has a staircase to the second floor. Bedroom wing contains a master bedroom with bath, bedroom with bath, bedroom, bath. Fabulous contemporary stainless steel kitchen with 14 foot island renovated and designed by David Mann in 2005 with SubZero ice-maker, wine cooler, refrigerator, Blue Diamond double oven with six burners, broiler and griddle, Miele coffee maker, two dishwashers and two sinks. Family room off kitchen with doors to yard and wall of glass with electric shades. Second floor has two large rooms, open space, storage and bath. Perfect for a potential renovation to create multiple bedrooms. The perfect home for everyday living and entertaining. 9 foot ceilings on the first floor. 3 A/C zones and 5 heating zones. Learn more here:

List Price:$3,495,000

20 Cayuga Road, Scarsdale: Classic center hall colonial set on quiet street in very desirable neighborhood.Living room,formal dining room,large eat in kitchen,dr to private back deck,mudroom/laundryroom,dr to attached 2 car garage,convenient backstaircase,family rm with fireplace and sliding glass door to deck,and powder room. On second floor,there is a large master bedroom ,walk in closets, dressing area and master bath with skylight, 4 additional bedrooms plus 2 full baths and huge unfinished space for bonus room or exercise room.Lower level,there is a finished playroom, glass doors to back property,huge walk in cedar closet,utilities and massive storage space.Lovely expansive level back garden set on almost 1/2 acre. Learn more here:

List Price: $1,750,000