Positive Home Sales Trends for 2020 Expected to Continue Into 2021

Here's some good news on the 2020 and 2021 real estate market from Laura Miller, associate broker with Houlihan Lawrence who closed 59 transactions this year, worth $82 million:

The pandemic inspired many NYC residents to head to the suburbs in 2020. This exodus raised the median sale price in Scarsdale around 14% to $1,595,000, sales increased approximately 13% and pending sales are up nearly 95% year over year at this time. Demand across all price points is high except for the market over $5M with 16 active listings, only 3 in contract and 4 sold this year.

In Edgemont, by contrast the median price dropped 4.6% to $1,063,750 but sales increased 33% year over year while pending sales stayed stable. Demand across all price points is high except for the market over $2M with 4 active listings, none in contract and 4 sold this year.

We anticipate a robust Spring market with a continuation of this flight from the city. Buyers see the value of an investment in increased interior square footage for all to live and work comfortably at home plus outdoor space for children to play safely. When homes are priced to show value and are in updated condition, not requiring any renovation other than a little paint, there have been many multiple bidding situations. Buyers are putting a premium on homes where they can move in quickly without having to deal with contractors during the Pandemic. Local sellers are feeling more comfortable showing their homes with the appropriate safety protocols in place so that they can take advantage of this sellers' market and they are finding places to go.

Sales
14 Park Road
Escape from crowded Park Ave to this secluded Park Road oasis. Over 6,800 sq ft with spectacular architectural details throughout this home. Enjoy the in-ground pool on a very private acre, less than 2 miles to the train and blocks from Greenacres school. Walls of windows, covered decks and lush landscaping add to the perfect staycation property. State of the art kitchen with large center island, granite and stainless appliances makes this ideal for entertaining. Features include 6 burner stove, 3 dishwashers, 2 freezers, warming drawers, wine fridge and heated floors. First floor Master with steam shower, radiant heat floors and a large walk in closet. The remaining bedrooms are ensuite and include marble tiles and onyx countertops. Sunroom and dining room with sliders to outside deck. Private office for working from home. Walkout basement includes au-pair suite with separate entrance and sauna imported from Finland, family room with sliders to outside and gym/music room.
Sale Price: $2,350,000
Assessed Value: $2,575,000
Real Estate Taxes: $63,968

110 Walworth Avenue
Elegant Georgian Colonial home built with quality materials and craftsmanship boasts charm and architectural beauty. Generously proportioned rooms, over nine foot ceilings, Brazilian cherry floors throughout and plantation shutters on the first level. The heart of the home is the sunny gourmet kitchen which boasts a nine foot counter, Wolf range, Wolf double ovens, SubZero refrigerator, two dishwashers and two sinks, complete with butler’s pantry and oversized pantry. Flow into the adjoining family room with built-in shelves and work space - French doors lead to deck perfect for entertaining. Dining room with gas fireplace. Living room with wood burning fireplace. Second floor features master bedroom, two walk-in closets, dressing area and master bath with radiant floors, three additional bedrooms and two bathrooms. Lower level offers additional 1,058 square feet included in the square footage, guest bed/bath, gym (could make a great home office), laundry, mud room with radiant floors.
Sale Price: $2,105,000
Assessed Value: $1,650,000
Real Estate Taxes: $41,243

30 Fairview Road
Fantastic home in a perfect location close to public transportation and school. Recently renovated. Split Level home with a layout perfect for everyday living. Large living spaces and bedrooms, perfect for entertaining. High-end kitchen with sleek appliances has a nice breakfast eating area. Backyard is private with beautiful plantings. Master bedroom suite is large and bright. Two separate air conditioning and heating zones. Tranquil cul-de-sac.
Sale Price: $1,760,000
Assessed Value: $1,475,000
Real Estate Taxes: $36,822

23 Cohawney Road
Wonderful home with amazing curb appeal on one of Fox Meadow's prettiest tree-lined streets. The charm and architectural details are endless in this four bedroom home: arched doorways, large lead glass windows, beautiful staircase, wood floors throughout. The first floor has an office. Second floor bathroom recently renovated. Romantic covered porch off the living room. Tranquil, private backyard, large stone patio for entertaining friends and family.
Sale Price: $1,587,000
Assessed Value: $1,375,000
Real Estate Taxes: $34,368

31 Walworth Avenue
Beautiful, classic Center Hall Colonial in an exceptional Greenacres location. This gracious home is walking distance to Hartsdale train, shops and the newly renovated Greenacres school. Beautiful large entry foyer is centered between an oversized living room and formal dining room. Generous eat-in kitchen with updated appliances featuring SubZero, Wolf and Bosch leads to a wonderful covered porch overlooking a fabulous and lush backyard with extensive plantings and lots of flowers! An exquisite stairway leads to a beautiful landing on the second floor. The second floor boasts an outstanding master suite comprised of a very large bedroom with dressing area and abundant closets and a generous, updated master bath with shower and double sinks. There is another large bedroom and an enormous upstairs study/welcoming family room, and a large hall bath to complete the second floor. The third floor contains two more large bedrooms that could serve as a perfect and quiet home office, and a full bath. Large basement with playroom, office, full bath, storage, laundry and a new top of the line boiler.
Sale Price: $1,560,000
Assessed Value: $1,266,491
Real Estate Taxes: $29,358

20 Dobbs Terrace
Perfectly situated stunning and sophisticated Greenacres home. The perfect mix of urban meets suburban lies this modern renovated Tudor with state-of-the-art Chef's kitchen (designed by a chef) with Gaggenau appliances, custom Plain and Fancy cabinets and gorgeous white Calacatta gold honed marble. Family room, living room with wood burning fireplace, dining room, home office and a beautifully renovated full bath with Ann Sacks tile and Lefray Brooks hardware complete the first floor. The second level features a master bedroom with an expansive en-suite spa-like master bath, double vanity sinks, LeFroy Brooks hardware, Ann Sacks tile and a glass enclosed walk-in shower. In addition, there is an incredible walk-in closet with tremendous storage. Three additional oversized family bedrooms and a fantastic fully renovated hall bathroom. The rear patio can be accessed through the kitchen for easy outdoor entertaining. Special features include ethernet cable throughout with A/V: Ethernet wired, satellite ready, Creston controls, basement media rack, hardwired for internet/music/movies. speakers throughout in the kitchen/family room/master bedroom interior/exterior sound system, 1200 bottle wine cellar.
Sale Price: $1,350,000
Assessed Value: $1,100,000
Real Estate Taxes: $27,495

27 Parkfield Road
Recently updated and expanded split level fox meadow house. Sunny living room with open flow to dining and family rooms. Eat-in chef's kitchen is adjacent to both the family room and breakfast area. Several bedrooms on second floor with a hall bathroom; one bedroom has an en-suite bathroom. Master bedroom with en-suite master bathroom and two walk-in closets, one of which is being used as an office. Lower level has an office area and access out to a garage. Walk-out lower level with two expansively open rooms that can separately be used as a gym and recreation room. Full fenced level backyard with barbeque area. The street is very private without through traffic. The entry hall has a study room and powder room. The first floor has spacious living room. The dining room fits a 10 feet long table. The granite kitchen is open to the family room and a separate pantry with huge storage closet and cabinet room. The 2nd floor consists of one master bedroom with en-suite bathroom, additional two bedrooms share a full bathroom in the hallway. The third floor is entirely a recently built master bedroom with vaulted ceiling, jacuzzi bathroom, study room and walk-in closet. The walkout basement has a full bathroom for a sleepover or guest stay. There is plenty room for entertainment, exercise and small greenhouse in the basement.
Sale Price: $1,300,000
Assessed Value: $950,000
Real Estate Taxes: $23,421

223 Evandale Road
Renovated and stylish Edgemont school district Colonial. This beautiful home offers a first floor bedroom and full bath, which works great as an office or guest room. The open kitchen, family room layout is wonderful with a large island/breakfast bar, custom cabinetry, high-end appliances, eating area and gas fireplace. Other special features include large master bedroom suite with walk-in closet and updated bath, laundry on second level, updated windows, two car tandem garage, and mud room with built-ins. Lower level with lots of potential has approximately an additional 730 square feet not included in the total. Private level backyard with stone patio is a great place to relax and play.
Sale Price: $1,210,000
Assessed Value: $994,100
Real Estate Taxes: $34,245

32 Bretton Road
Bright and meticulously maintained home in the heart of Old Edgemont. As you step into the elegant, turreted entry hall, you immediately know you have entered a special home. There is a huge living room with fireplace, dining room great for entertaining, first floor powder room, chef’s kitchen with corian countertops and custom cabinetry. A bedroom with full bath steps from the main level creates a private oasis. Upstairs there is a lovely master suite with custom cabinetry, walk-in closets,en suite bath and an adjoining office. This suite is private yet close to 2 large family bedrooms that share a full bath with tub and shower. On the lowest level, there is a family room with fireplace, large laundry and storage rooms and 2 car garage. Outside, there is a secluded patio area perfect for relaxing. Brand new windows throughout the home.
Sale Price: $1,189,999
Assessed Value: $1,225,000
Real Estate Taxes: $ 42,198

39 Mount Joy Avenue
Extraordinary Edgemont Colonial on nearly half an acre of beautiful level property with room for a pool. This is a meticulously maintained and updated home with 4 bedrooms, 2.5 baths and a multitude of live/work spaces. You will find an abundance of living spaces for relaxation and play time. The expansive family room, living room, large eat-in kitchen/gathering room, screened in porch, and huge backyard offer many options. An array of solar panels provides 49% of the home’s electricity needs.
Sale Price: $1,045,000
Assessed Value: $1,008,600
Real Estate Taxes: $34,176

45 Lynwood Road
Bright, charming Dutch Colonial that. A fabulous front porch is a private perch for relaxation. Center Hall layout with beautiful details, high ceilings, gracious living room with fireplace, family room with French doors, and dining room with architectural details. The stunning kitchen has glass front cabinetry, stone counters, high end appliances and room for a large table beneath the window that overlooks the back patio. Pantry room with original hutch cabinet, redone powder room round out the first floor. Ascend to the second floor on a beautiful windowed staircase - here is a master bedroom with terrific closets and brand new luxurious bath. Two more bedrooms and a redone hall bath complete this floor. The third level has a bedroom and office and a redone bath. Located on a charming street in the Edgemont school district. Special details include built-in benches, window seats, two fireplaces, and gorgeous diamond mullioned windows.
Sale Price: $929,000
Assessed Value: $901,000
Real Estate Taxes: $31,037

Featured Listings

10 Richbell Close
Scarsdale, NY 10583
Listing Price: $5,580,000
This classically styled Estate, a gated Tudor located in the superb scenic community of Scarsdale's Heathcote neighborhood will delight. A private driveway leads to this breathtaking property, which covers an area of bucolic 2.29 acres, with a home stretching over 7,339 feet of living area, six bedrooms, six full bathrooms, a-half bathroom, with a four-level layout. The structure of all doors and windows is an original mahogany frame. Grand open foyer entrance on the first floor with a high ceiling, and the rotating mahogany staircase rises to the second floor. The left hand is the formal dining room and kitchen. The kitchen appliances are high-end brands: SubZero fridge, Wolf stove, high-end Swedish brand ASKO dishwasher, Wolf Oven/Range. Breakfast area in the kitchen. The living room is wide and directly connected to the study. There is a library, office, full bathroom, all directly connected to the outdoor barbecue area: a perfect layout. The master bedroom on the second floor is large and bright, with a high-end marble bathroom. Each of the four bedrooms is of a reasonable size and affords excellent privacy. The hall bathroom is spacious and bright. Two washing machines and two clothes dryers are convenient to use in the bedroom area on the second floor. The entertainment room on the third floor can be used for a tea room, billiards room, fitness equipment, digital home entertainment center, and more as a flex space. The basement is directly connected to the garage and has plenty of storage space. The mahogany staircase runs up and down the fourth floor, and is equipped with Concord elevators to facilitate the use of upstairs and downstairs.
Learn more here.

2 High Point Terrace
Scarsdale, NY 10583
Listing Price: $3,260,000
This Edgemont estate has almost three acres of land, sporting a Contemporary style with cathedral ceilings, which lends an air of brightness and openness throughout, right to the grand property outside. Majestic opening foyer welcomes you into this home - take in views of the in-ground swimming pool, which all wings of the home focus in on. The oversized modern kitchen has beautiful black granite countertops and white cabinets, triple center countertops in the middle. Over 14,000 square feet of living area with 8 bedrooms; most of which are ensuite. First floor master suite with a grand master bathroom. Two wings constitute a delightful family area that can hold over 100 guests for the grandest of parties. Second floor bonus room can be utilized as a recreation, yoga, hangout, or movie theater area. The lower level is finished, with walk out access and two separate stairs to upstairs. Private backyard with large patio, beautiful garden space - the perfect package to spend time enjoying nature and relaxing in tranquility.
Learn more here.