Bidding Wars in Scarsdale? You Bet!

I thought my eyes were playing tricks on me. When I looked at this week's home sales I noticed that not one, or two, but three of the homes sold had gone for more than the asking price. I also heard stories of a Greenacres home that went on the market one weekend and received six offers within two days and from another seller who reported potential buyers fighting to buy his house.

To find out more we asked Lewis Arlt, Brokerage Manager at Houlihan Lawrence for an explanation and here is what he shared:

"Yes, the market is hopping. There have been several multiple bid situations, and that reflects strong buyer demand. Inventory is still relatively low, but it's growing. There are now 106 single-family homes actively on the market is Scarsdale, 20 arriving in the last week alone. Well-priced properties get instant attention, and offers. Of the 56 properties currently in contract for sale, 6 went into contract in the last two weeks, and another 11 went from Conditional Contract to Pending status. In our office, over a dozen homes had an offer accepted by the seller during the same period."

Notice that the homes in demand appear to be those priced between $900,000 and $1.3 mm. Sellers with more pricey houses have not had the same experience.

Here are this week's sales – with the listing and sale prices!

153 Brite Avenue: (Pictured above) Greenacres gem: Enjoy a glass of lemonade on the covered front porch! This six bedroom, 3.5 bath colonial home is ideally situated in the heart of Greenacres. Everything has been updated; roof, windows, hot water heater, kitchen, baths, central air, in-ground sprinklers, porch, patio.

List Price: $1,249,000
Sale Price: $1,370,000
Real Estate Taxes: $31,218

25 Innes Road: Lovely light filled Tudor on .88 flat acre walk to town and school. This 1930's home has large formal rooms with beautiful light and period charm. The large living room has a lovely fireplace and adjoins a charming porch with cathedral ceiling. The second floor has a large master with bath. Two additional bedrooms and bath complete the second floor. The third floor has two bedrooms, bath and a family room. The lower level has two large rooms with high ceilings, windows and a full bath.

List Price: $1,295,000
Sale Price: $1,510,000
Real Estate Taxes: $30,491

13 Circle Road: Lovingly maintained brick center hall Colonial located on an ultra charming quiet road in Fox Meadow. This much beloved residence with its welcoming ambiance features large, bright spacious rooms, a wood-burning fireplace, hardwood floors, French doors and a scenic deck off of the kitchen. Situated on a rustic .30 acre with a rock garden and mature trees, this welcoming home is just steps away from Scarsdale Village.

List Price: $989,000
Sale Price: $995,000
Real Estate Taxes: $22,298

53 Carthage Road: Architectural splendor! Extensive stonework, high ceilings, moldings. Refined elegance with new kitchen, new bathroom and expansion possibility.

List Price: $975,000
Sale Price: $935,000
Real Estate Taxes: $16,925

Featured Listing: 1 Castle Walk, Scarsdale
Pristine custom built Colonial with high-end finishes, soaring ceilings and custom millwork. This home boasts 6,200 square feet of living space on 1/2 acre of manicured property. Master suite has dual walk-in closets, sitting room and luxurious bath. Oversized sunlit dine-in kitchen with granite counters, center island and Rutt cherrywood cabinets. Enjoy entertaining with 2 family rooms, 2 fireplaces, media/game room and library. Dramatic freeform Shoreline pool with hot tub, waterfalls and stone patio. Learn more here:

List Price: $2,790,000

Featured Listing: 30 Fairview Road, Scarsdale
Wonderful sunny home in Greenacres located on a dead end next to a cul-de-sac. House was renovated in 2004 and 2011. Open floor plan with great views of .38 acre. Front porch, entrance hall, powder room, living room with French doors to patio, incredible kitchen, dining room, family room with cathedral ceiling, French door to patio, lovely master bedroom suite with ultimate bathroom, tray ceiling, 4 additional bedrooms. Walk-out lower level with great laundry room and second family room with fireplace. Learn more here:

Sale Price: $1,729,000