Real Estate by the Numbers: April Sales Figures Corrected

83 Garden Road, ScarsdaleAn issue with the Multiple Listing Service numbers caused Scarsdale10583 to report erroneous real estate stats last week. The corrected numbers show that year to date there have been 48 sales in Scarsdale this year, which is exactly the same number of sales as of April. 30, 2019.

However, the average price has risen 15% from $1,486,385 to $1,716,731.

There are only 120 homes on the market, an extremely low inventory for this time of year.

Anne Moretti, a realtor with Julia B. Fee Scarsdale provided the following analysis of the market.

She says, “2020 got off to a good start with the two-year market correction behind us. The three interest rate reductions in the last five months of 2019 eventually led to reduced mortgage rates. By the end of 2019, we were already into a robust market. We began 2020 with an imbalance of more buyers than available supply of properties and we had multiple offers across the price spectrum. It was a great start to 2020.”

“March was the transition month. When New York State officially shut down on March 22 it stopped everyone their tracks. Therefore, the first quarter was looking great and any data which includes these three months will overstate the strength of the market.”

“Right now, many sellers are reluctant to allow strangers to come into their homes and many buyers are not eager to visit properties. I think any return to normal will be rolled out very slowly.”

Looking ahead, Moretti expects there will be a jump in buyers coming from NYC as lifestyle preferences shift towards less dense, suburban living and private spaces. This trend will be accelerated as companies pivot their businesses to include more telecommuting and virtual workspaces. Moretti sees a softening in international buyers, due to global economic factors, the pandemic, trade wars and fewer relocations.

She predicts that, “Our third major sector ,which is local Westchester people moving across town or between communities will soften as well. This year, people are hunkering down here and not extending financing ...unless there is an opportunity. There will be some opportunistic buyers and others who are hurting.

Sales
30 Penn Boulevard
Exquisite Colonial in prime Scarsdale neighborhood. Nestled on a quiet, tree-lined street, this special home is set on .9744 acre level, gorgeous property with heated pool and spa. The main house has 8 bedrooms, 5 full/1 half baths, and totals 8730 square feet of beautiful living. A separate studio cottage has a kitchenette and full bath. Showcasing grandeur of it's early 1900's heritage, this home features high ceilings on 1st and 2nd levels, unique tiger oak flooring, meticulous millwork, 5 fireplaces, and state-of-the-art kitchen made for entertaining. The property is breathtaking with sweeping circular driveway, slate roof, many terraces, flowering gardens, and serene water feature. Totally updated, multi-zone heating, ventilation, and air conditioning, security system, sprinklers, fab mudroom, and media room with summer kitchen.

Sale Price: $2,530,000
Assessed Value: $2,460,000
Real Estate Taxes: $71,734

2 Fairview Drive
Sunny and sophisticated new construction in a convenient Scarsdale location. This super energy efficient SmartHome features 9 zone radiant floor heating, 4 zone air conditioning and Smart WiFi thermostats. 10’ ceilings on first level. The second level features 9' ceilings, luxurious master suite and four additional ensuite bedrooms. There is a covered porch, extensive built-ins, custom cabinetry and a fully finished walk-out lower level with bar. It also includes all high-end appliances, master suite with separate living room, and a three car garage. Additionally there is an ICF foundation, the most Energy efficient foundation in existence, and extensive sound-proofing. Park-like half acre property and convenient location with bus to Scarsdale schools.

Sale Price: $2,335,000
Assessed Value: $670,000
Real Estate Taxes: $13,536

41 Franklin Road
This classic, spacious and private Ackerman Colonial offers five bedrooms and four-and-a-half bathrooms on .59 level acres. Enter the elegant foyer that seamlessly leads into the large living room with a wood burning fireplace and bay window. From there, continue into an enormous bonus room perfect for all seasons, events, and general entertainment. The formal dining room with another bay window leads to the sparkling eat-in kitchen with a Thermador oven, granite counters, and KitchenAid appliances. A bright office/den with built-in shelves and a powder room finish the main level. The oversized, tranquil master bedroom has four large closets, a door to a sunny deck, and marble master bath with a glass shower. The second bedroom is en-suite, and the third and fourth bedrooms are bright and share a hall bath. The fifth bed is also en-suite with the bonus of stairs to the kitchen. The partially finished lower level has a second family room/gym with fireplace, wine storage, and a door to the large, level yard.

Sale Price: $1,650,000
Assessed Value: $1,550,000
Real Estate Taxes: $36,666

12 Walworth Avenue
Stunning bright Greenacres colonial with elegant renovations creating wonderful spaces for family living and entertaining. Level .35 acre. 4928 square feet. Amazing great room with double doors to the patio right off the Chef's kitchen. Top of the line appliances. 6 bedrooms, 5 baths, including an elegant master suite with fireplace, dressing room and bath and the separate children's wing. Gracious stairways. Beautiful new floors with inlay detail. Dentil moldings on first and second floors. Secluded patio for outdoor fun. Second floor laundry. Side family entrance next to the 2-car garage leads to a perfect mudroom with ample space for coats, shoes, books, and sports equipment. Lots of large closets. 4 Zone Geothermal Heating and Air-conditioning. 400 amp circuit breakers with garage charging station for electric cars. Close to Greenacres School.

Sale Price: $1,647,000
Assessed Value: $1,625,000
Real Estate Taxes: $40,368

125 Brambach Road
Lovely, bright, young, light-filled colonial has it all: 4 bedrooms, 3.5 Baths, beautiful finished basement in sought-after Fox Meadow Scarsdale school district. Better than new mint condition high-end quality home in a great location, quiet cul-de-sac. Open layout granite kitchen opens to family room with wood-burning fireplace, and sliding glass doors to level backyard with large mahogany deck and blue slate patio. Classic architectural details, hardwood floors throughout, chair and crown moldings, 3-zone central air/heat, central vacuum, alarm system, underground sprinklers, and fully-finished Garagetek garage. Newly painted in and out. 3.098 sq. ft. includes 750 sq. ft beautiful finished basement.

Sale Price: $1,330,000
Assessed Value: $1,125,000
Real Estate Taxes: $25,188

136 Highland Road
Modern sleek ranch home with an ideal open flow for living and entertaining. This bright and sunny 4-bedroom completely updated house has it all: renovated kitchen and bathrooms, an open kitchen to a sizable family room, large master bedroom, a finished lower level for hanging out complete with a guest bedroom and en suite bathroom, tons of storage, a circular driveway, large deck, and flat backyard. Only one block from Greenville elementary school and commuter bus to train stops right outside the house.

Sale Price: $899,000
Assessed Value: $945,100
Real Estate Taxes: $32,124

217 Beverly Road
Charming Center Hall Colonial in an area of quarter acre sites, this offers a level third of an acre. The area that precedes the entry hall would make a perfect mudroom; just put up hooks and cubbies. A covered porch off the living room offers views of the private yard; a perfect setting for reading a good book, al-fresco dining, or just relaxing. Modern eat-in kitchen with granite counters offers Jenn Air stainless appliances featuring convection range and microwave plus warming drawer along with an instant-hot faucet. A dressing area leads to the large master bedroom with open office space adjacent to a large walk-in-closet and en-suite master bath. Quality built shelves adorn many rooms. Renovated and expanded in 2008.

Sale Price: $865,000
Assessed Value: $953,500
Real Estate Taxes: $30,706

370 Central Park Avenue Unit#3P
Two bedroom, two bath coop with balcony in the Edgemont School District. Updated kitchen with granite countertops, glass tile backsplash and Stainless Steel appliances, and updated baths. Hardwood parquet floors throughout. Master bedroom with master bath and walk-in closet. Bright and cheery with natural sunlight from eastern exposure with wooded views. Newly renovated lobby with state of the art intercom system, assigned parking guaranteed, gym, pool, and playground. Close to shops, restaurants, and transportation.

Sale Price: $335,000

Featured Listings

6 Dolma Road | Heathcote
Scarsdale, NY 10583
7 Beds | 4.1 Baths | 3,897 Sq. Ft
Elegant mediterranean residence situated on a lush and serene .81 Acre with har-tru tennis court in Scarsdale's Murray Hill estate section. Wonderful curb appeal with picturesque circular driveway and expansive front lawn dotted with breathtaking flowering specimen trees. A wonderful opportunity.
Learn more here.
Listing Price: $2,600,000

10 City Place, Unit 14D
White Plains, NY
2 Beds | 2.1 Baths | 1547 SF
Sophisticated corner unit, a luxurious 24/7 concierge building, filled with great amenities including indoor/outdoor pool, tennis courts, barbeque areas, putting green, conference facilities, playroom, and more. Located in the heart of downtown White Plains. This stunning apartment features an open concept floor plan with floor to ceiling windows, handsome moldings, Brazilian cherry floors, fabulous kitchen with large center island/counter seating, and lovely dining area. Super convenient location.
Learn more here.
Listing Price: $849,000

21 Griffen Avenue
Scarsdale, NY 10583
Spectacular views of the Long Island Sound from this brand new stone fronted center hall colonial set on 1.6 level acres. Dramatic entry with circular stairs opens to a generous living room and dining room both with gas fireplaces. The chef's kitchen with top-of-the-line appliances and cabinetry is completely open to the family room and totals 41' by 32' plus breakfast area all with floor to ceiling wall of glass for optimal views of the property and the Long Island Sound. Additionally, there is a guest room/library with full bath, a butler's pantry, mudroom, food pantry, two powder rooms, and backstairs. The ceiling height on the first floor is 10' and 9' on the second floor and lower level. Upstairs is a master bedroom with its own private deck, gas fireplace, two large walk-in closets and stunning spa bathroom. Five more bedrooms each with own bathroom. Additionally, there is a laundry by backstairs. The finished lower level has a bedroom and bath and finished customizable space.
Learn more here.
Listing Price: $4,825,000

19 Weaver Street
Scarsdale, NY 1583
Cape Cod-style home set on a fabulous level .55 acre lot with room for expansion and a pool. Set in the Heathcote elementary school neighborhood, this home offers four bedrooms, three full baths, central air, hardwood floors, a large two-car garage and two wood-burning fireplaces. Master bedroom on first floor. This convenient location allows for a quick walk to restaurants, shops, grocery store, park, commuter bus, elementary school, and the Heathcote Five Corners.
Learn more here.
Listing Price: $895,000