The Spring Market Is Here

After last week's report on bidding wars in Scarsdale, we received several observations on the real estate market from readers: Here they are for your consideration: Susan Field, Associate Broker at Coldwell Banker writes, "Every year I tell my friends and clients that we don't have to wait for the crocuses to appear for our spring market, which, in my view, began in the second week in January. This year the real estate market is similar to 2006 when many newly-listed properties received multiple offers close to and over the asking price. With interest rates at an all time low, the existing inventory in Scarsdale cannot keep up with the number of buyers out there.

The tremendous sense of urgency on the part of buyers will only abate if there are more homes on the market for them to consider. In the meantime, anyone considering a move should put their house on the market as soon as possible to take advantage of the favorable market for sellers."

Another market observer wrote, "Homes in the $2- $4 million range have not gotten the same attention as their lower-priced counterparts. In fact, this segment has been very quiet, with low foot traffic and few showings. It seems that the buyers in this price range are waiting for all the snow to melt. Perhaps it's a good opportunity for interested buyers who can afford homes in this price range."

This week's sales:

258 Fox Meadow Road: Elegant Collet Colonial in Fox Meadow features renovated kitchen and master bath with steam shower, beautiful architectural details & quality craftsmanship, arched doorways, millwork and built-ins, hardwood floors and generously proportioned bedrooms. Privately set, level .33 acre with stone patio and screened porch.

List Price: $1,448,000
Sale Price: $1,360,000
Real Estate Taxes: $38,211

32 School Lane: Classic brick Center Hall Colonial on landscaped private property. Beautifully maintained home with grace and detail within short walk to Village. Private four room wing with separate HVAC for in-law or guests or home office. Possibility of opening to main house from living room to create family room and guest room on main floor. Wired for sound and extensive lighting. Many updates including new roof, heating, A/C, concrete brick pavers on driveway.

List Price: $1,300,000
Sale Price: $1,200,000
Real Estate Taxes: $30,914

204 Old Colony Road, Edgemont: Center hall traditional Colonial in quiet neighborhood. New roof, new central air, great potential for expanding.

List Price: $899,000
Sale Price: $875,000
Real Estate Taxes: $30,419

17 Dobbs Terrace: A sun filled colonial set on level property on a quiet road. Lovingly maintained inside and out. Updated kitchen with granite counters and stainless steel appliances. Lots of closets! Sought after neighborhood close to schools, Metro North, bus and shopping. Newer roof and windows, furnace 2011.

List Price: $849,000
Sale Price: $800,000
Real Estate Taxes: $18,567

Featured Listing: 11 Corell Road, Scarsdale
Fabulous New center hall Tudor built by well known Scarsdale builder. 9' ceilings on First and Second floor with high end finishes throughout. Bright Master bedroom has two large walk-in closets and spectacular Master Bath with free standing contemporary bathtub and separate shower. The Kitchen opens to the family room and patio and includes Rutt cabinets, Wolf Stove, Bosch dishwasher, Sub-Zero Refrigerator, Calcutta Gold countertops and doors to yard. First floor guest room and bath. Close to Corell Park. Learn more here:

List Price: $2,325,000

Featured Listing: 26 Doris Drive, Scarsdale
Come enjoy this magnificent park-like property close to village, train and schools. This completely renovated 4 bedroom home has a sleek, modern feel with new state-of-the-art kitchen with stainless steel appliances and gorgeous granite counters. Private master bedroom suite with new luxurious bathroom with skylights and California closets. Some of the new high-end upgrades include baths, interior and exterior lighting, electric, roof, alarm, masonry, garage door and sprinkler system. Learn more here:

List Price: $1,355,000