Realtors Expect Strong Demand to Continue in 2025

41 Wildwood Road is on the market for $4,550,000.Low inventory, high mortgage rates and new rules governing real estate transactions impacted the real estate market in Scarsdale and Edgemont in 2024. As anyone who was looking to buy a home can attest, prices were sky high and there were slim pickings for homeseekers.

In Scarsdale the number of homes sold in 2024 was virtually even with 2023, when 207 homes sold vs. 204 in 2023. This is down from an all time high of 353 homes during the COVID crisis in 2021, and more on par with the 209 homes sold during the financial crisis in 2018.

On the flip side, for sellers, the median home price of a house in Scarsdale climbed 15% in 2024, up to $2,270,000 from $1,981,250 in 2023.

In Edgemont the number of homes sold was down from 2023, with 83 sold in 2023 vs. 67 in 2024, a decline of 19%. However, there too, prices climbed precipitously, going from a median price of $1,350,000 to $1,600,000, an increase of 19%.

Looking ahead to 2025 experts are predicting positive trends in the real estate market due to a strong stock market, a good economy and moderating interest rates.

Commenting on the market, Nancy Chochrek, the Brokerage Manager at Houlihan Lawrence in Scarsdale said, “2024 saw rising prices in Scarsdale due to low inventory and high demand. We expect that demand will remain high in 2025.”

Check out the first three Scarsdale and Edgemont homes in 2025:
Sales:

11 Beechwood Lane  Welcome to this stunning classic Center Hall Colonial in the sought-after Sherbrooke Park neighborhood in Scarsdale. This lovely home in move-in condition offers a combination of warmth & elegance and features a "botanical garden" of specimen trees & perennial flowers on private level grounds. Large chef's kitchen and a wonderful butler's pantry with built-in wine rack, wine fridge & prep sink that is adjacent to kitchen and formal dining room. Large living room with a large fireplace opens to a bright and sunny family room with French doors to a stone patio. First floor laundry and large mudroom with garage access is just a step down from the kitchen. Second floor features a beautiful primary suite with a large walk-in California Closet and 2 additional closets. Primary bath with Kohler whirlpool tub, large walk-in shower, double sink and gorgeous, hand painted, tumbled marble medallion on floor. 3-4 additional bedrooms with 2 full bathrooms. Versatile lower level has "wood" vinyl floors, full bath and ample space for gym or nanny. Move right in!
Sale Price: $2,425,000
Real Estate Taxes: $11,913
Assessment Value: $1,250,000

11 Old Army Road   Nestled in the heart of Scarsdale's historic Cotswold district on a half acre of land, this charming Tudor-style home offers a perfect blend of modern comfort and timeless elegance. Step inside to discover gleaming hardwood floors and an abundance of natural light streaming through numerous windows and skylights. The inviting entry foyer leads to a formal living room, complete with a cozy fireplace perfect for those chilly evenings. Be delighted by the den or library, featuring custom-built shelves for your literary treasures. The oversized formal dining room sets the stage for memorable gatherings, while the eat-in kitchen boasts cherry cabinets that add warmth to the heart of the home. A spacious family room with vaulted ceilings and French doors that open onto a generous patio, beckoning you to enjoy the outdoors. Ascend to the second floor, where you'll find two sizable bedrooms and a full hall bathroom. The primary suite is a true retreat, featuring a dreamy en-suite bathroom and an additional room ideal for a nursery or home office. The walk-up attic provides ample storage for all your seasonal decor and cherished mementos. Outside, prepare to be enchanted by your private oasis with lush plantings. Set back from the street, this home offers a serene escape. The large patio leads to a hidden treasure – a spacious in-ground pool with ample privacy and perfectly situated for everyday living and entertaining. 
Sale Price: $1,600,000
Real Estate Taxes: $38,51
Assessment Value: $1,161,100

6 Uxbridge Road   Nestled on a quiet street in the prestigious Old Edgemont neighborhood this classic Tudor offers the perfect blend of charm and character. Upon entering you are greeted by an inviting living space. The living room with its wood burning fireplace seamlessly connects to a cozy den, a formal dining room and eat-in kitchen with newish appliances and with door to patio. The bedroom and full bathroom on this floor are well appointed for guests or a home office. The second floor offers a primary bedroom with an ensuite bathroom, a second spacious bedroom with a walk-in-closet. a third bedroom and a hall bath. The basement level is a walk out to the backyard and garage. The property is screened by mature trees and bushes providing privacy year round. Don't miss the opportunity to make this lovely residence your own.
Sale Price: $1,100,000
Real Estate Taxes: $37,556
Assessment Value: $1,133,400

Current Listings:

2 Weaver Street, Unit #9  Enjoy luxury living in this gorgeous three-bed, three-and-a-half bath Condo in Scarsdale’s premier building. With over 3000 square feet, this home boasts an open floor plan with high-end finishes. The foyer leads to the custom kitchen, with Thermador appliances and large island, living room with gas fireplace, and dining room. The primary suite features a spa-like bath with free standing tub, huge WICs by California Closets and French doors to the private terrace. A 2nd oversized bedroom includes an en-suite bath. A 3rd bedroom with en-suite bath, powder room and laundry room complete this stunning unit. Additional features include hardwood floors, pre-wiring for in-wall speakers, two assigned indoor parking spaces, and a storage room. The building offers amenities such as a fitness center, EV car charging, and doorman. Located at Five Corners, The Heathcote combines boutique luxury with easy access to Scarsdale’s best shopping and dining. Photos are of model unit.
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Listing Price: $2,695,000

807 Weaver Street   As you approach the sweeping circular driveway you're immediately drawn to the tasteful elegance of this stone colonial situated on .74 acres. The Belgium block detail, exterior stone wall and Vermont slate roof create a feeling of elegance and grandeur. Combining old world architectural details with special details and amenities create this exceptional residence. Amenities include NEW: high end kitchen, baths, electrical, Bosch HVAC, plumbing, windows, recessed lighting, custom moldings and copper gutters. The dramatic 10 ft entry leads to the large living room, sunroom, formal dining room, powder room, office, Chef’s Kitchen with Viking appliances, large center island, quartz countertops, glass doors so you can see outside while sitting at the kitchen table, pantry, mudroom, ensuite bedroom and another bedroom with hall bath complete the first floor. The second floor has a sumptuous primary suite with red brick wall accent in the sitting area, 2 walk-in closets, 16 ft. high ceilings in sleeping area and luxurious bathroom, two ensuite bedrooms, another bedroom and a hall bath complete the second floor. The location is ideal; near shopping, schools, transportation. This home is truly special for the discerning buyer!
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Listing Price: $2,495,000