Third Quarter Market Report: Sales Down and Prices Up

The statistics are in for real estate sales through the end of the third quarter of the year (September 30th) and the news is that sales are off in Scarsdale, Edgemont and in lower Westchester overall.

For the first nine months of 2016, there were 179 homes sold in Scarsdale as compared to 196 at this time last year. That's a 9% decrease in home sales. For the third quarter alone, there were 85 sales this year as opposed to 101 during Q3 2015. Edgemont also saw a decrease with 65 homes sold year to date in 2016 versus 90 in 2015, a decline of 28%. For lower Westchester, which also includes Bronxville, Eastchester and Tuckahoe, sales fell 11% year to date.

The median home price was up 10% YTD in Scarsdale from $1,450,509 in 2015 to $1,590,000 this year. In Edgemont, YTD the media price is down 3% from $1,128,850 in 2015 to $1,099,000 this year. For lower Westchester, the median sale price is up 5% overall from $1,144,250 to $1,200,000.

Sales:

2 Harvest Drive

This custom home has a two story entry hall with a formal living room with fireplace, a dining room, an eat-in-kitchen with a breakfast area and family room with french doors to the patio. There is also a mudroom and access to the two car garage from the first floor. The master bedroom suite has his and her walk in closets. There are four additional bedrooms, all with their own en suite bathrooms. The laundry room is also on the second floor. The lower level has an additional 1,966 square feet, featuring a playroom, gym, office, bedroom, full bath and storage.

Sale Price: $2,895,000
Assessed Value: $2,875,000
Taxes: TBD

10 Crossway

This fully renovated four bedroom, three and a half bath Colonial home with a circular driveway is in the Heathcote neighborhood. The first floor has a living room with a window bench and built-ins; formal dining room; gourmet eat-in kitchen with Quartz countertops, Carrera tile backsplash and stainless steel appliances that opens into a family room with a wood burning firelplace refaced with Jerusalem stone and Quartz mantel and patio doors to a 900 square foot Gossen PVC deck with AZEK railings and a level yard. Completing the first floor is a mudroom and powder room. The second floor has a master suite with built-ins, a walk-in-closet and a renovated bath, as well as three bedrooms and a new hall bath with glass tiles. There is a fully finished basement with nearly 1,100 square feet of additional space, including a playroom and full bath. This home is equipped with a full-house generator with ATS, LED lighting throughout, new Pella windows, security cameras, a fenced-in yard and a two-car attached garage outfitted with a Gladiator storage system.

Sale Price: $1,380,000
Assessed Value: $1,025,000
Taxes: $24,317

65 Fayette Road

This tudor home in Heathcote is set amid mature plantings. The level backyard, surrounded by trees, offers a deck off the kitchen. There are hardwood floors throughout.

Sale Price: $975,000
Assessed Value: $975,000
Taxes: $21,328

18 Sage Terrace

This 1921 Mediterranean has three bedrooms, two and a half bathrooms, a two car detached garage and needs updating.

Sale Price: $950,000
Assessed Value: $1,100,000
Taxes: $24,250

154 Clarence Road

This Edgewood house has three bedrooms, one and a half bathrooms, an eat-in kitchen and hardwood floors throughout. The first floor has been newly painted.

Sale Price: $700,000
Assessed Value: $725,000
Taxes: $16,965

Edgemont:

26 Seely Place

This renovated four bedroom, three and a half bath colonial has an eat-in-kitchen which opens to the family room with a sound system, built-ins and sliders to a mahogany deck. The living room features a wood-burning fireplace with a custom mantel. There are a few steps down to the study with a stone fireplace and built-ins. The master bedroom suite features skylights, a walk-in California closet, and a luxurious bath. The second bedroom has en suite full bath. Two additional bedrooms with California closets and a hall bath complete the second floor.

Sale Price: $1,420,000
Taxes: $42,292

93 Edgemont Road

This colonial home in the Edgemont School District has four bedrooms and two full baths. There is a living room with an antique arts and crafts wood burning fireplace and hardwood floors, a formal dining room with floor to ceiling windows and a door leading to a 300 square foot patio, and a modern kitchen with stainless steel appliances, cork floors and silestone counters. Down a few steps, there is an office/family room and bedroom. There is also a full bathroom on the main floor. Upstairs there is a master bedroom with plans for a master bath, two bedrooms and a full hall bath. There is a full basement with laundry and a door to the garage and utilities.

Sale Price: $875,000
Taxes: $21,128

4 Glenwood Road

This French Norman-style home offers stone walls, mature dogwoods, and boxwoods on a cul-de-sac, surrounded by historic homes along the tree lined streets of Old Edgemont. A terrace surrounds a central turret, which provides an entryway into the foyer. Classic pre-war construction is evidenced by multi-paned wood casement windows, French doors, oak hardwood flooring and exposed wood beamed ceilings. There are four bedrooms, three full bathrooms and an eat-in kitchen. The living room, dining room, and family room open onto terraces and patios.

Sale Price: $830,000
Taxes: $25,546

Featured Listings:

66 Brookby Road, Scarsdale

Comfortable luxury in Heathcote now being built. This handsome stone and shingle new construction offers 7000+ square feet on four spacious floors and an inviting floor plan marrying the traditional and the transitional with a classic Colonial living room, formal dining room and butler's pantry and a large open concept kitchen/family room for the pure enjoyment of today's modern living. Exceptional finishes and select architectural details include high ceilings, classic moldings, hardwood floors, and stone countertops. This attractive home offers comfortable perfection and the ultimate convenience of being steps from schools, shops and transportation. Construction excellence is the hallmark for this seasoned Scarsdale builder. For more information, click here.

List Price: $3,299,000

60 Greenridge Avenue, White Plains

Architectural elements combine with garden design and interior design to create a home rich in pride and elegance. Substance and character dominate the symmetrical facade of this home. A brick walkway lined with velvet green boxwoods leads to a central entry accentuated with a semi-circular columned portico. A grand entrance graced with a sweeping staircase ascends two levels of resplendent living space. This is a home fashioned from durable materials emphasizing comfort and convenience. Spacious rooms with 9 foot ceilings rise above hardwood floors and rooms filled with windows are imbued with the warmth of natural daylight. A residence enhanced with full-height French doors and custom millwork, including crown moldings and wainscoting is further enriched with a renovated center island kitchen, 7 bedrooms, 5 renovated baths, 2 powder rooms, and a three car garage. Surrounded by historic homes on tree lined streets; walk to shopping, restaurants, entertainment, recreation, transport. For more information, click here.

List Price: $1,000,000

Open Houses:

6a Carstensen Road, Scarsdale
Sunday 1:00-3:00pm

Spectacular sun-filled Tudor built in 2007 has quality workmanship throughout, with thoughtful attention to detail. Located just 5 blocks from Village shops, railroad, park and restaurants. This majestic home offers a comfortable layout of all rooms in the right place for the discerning buyer. Private, level backyard. For more information, click here.

List Price: $3,675,000

8 Sherwood Place, Scarsdale
Sunday 1:00-3:00pm

Character and convenience abound in this charming four bedroom, three-and-a-half bath Tudor perfectly located in Old Edgemont. Features: Eat-in kitchen, very charming sun-lit living room with high beamed ceiling, formal dining room with large bay window, amazing large second floor bedroom with fireplace. For more information, click here.

List Price: $599,000

18 Legendary Circle, Rye Brook
Sunday 11:00am-1:00pm

Gracious, sun-filled Bellefair home on a premium lot with incredible backyard that backs to the green. This special home features hardwood floors, crown moldings, gourmet kitchen with separate breakfast area that opens to family/great room. Sliders to bluestone patio with gorgeous mature perennial gardens. Main level master suite with custom walk-in closets, spa bath, separate shower and his and her vanities. Second floor features two bedrooms with open loft (easily converted to fourth bedroom). Second floor bathroom has hand-painted walls. Legal lower level (included in square footage) with full bath. Enormous additional storage room that affords more space! Enjoy all of Belle Fair's wonderful amenities. Indoor/outdoor pools, full gym, indoor basketball court, meeting house, party room, general store/cafe and jitney to train. For more information, click here.

List Price: $1,025,000