Home Stats Following the Reval Plus This Week's Sales

Has the tax revaluation affected the sale of Scarsdale homes? It may be too early to tell but a sales report for Scarsdale for the first three quarters of the year gives us an idea of market trends.

Overall, the inventory of homes for sale is 11% higher this year than last – with 107 active listings as of October 10, 2014 as compared to 96 at this time last year.

We looked at the inventory of pricier homes that may have seen a greater impact from the revaluation and see that there is a 50% increase in the number of listings for homes priced at $2.5 million or above over the first three quarters of 2013. Currently there are 48 homes price at $2.5 mm plus while last year there were 32 at this time. However there are 42 pending sales now as compared to 30 at this time last year. Lewis Arlt of Houlihan Lawrence says that "New construction has driven the market. In competition with the new construction, older homes in similar price points may in fact be facing value issues in the minds of buyers. ...New homes sometimes sell even before they are built."

Home sales for all price points are ahead of last year, with 218 homes sold this year to date, compared to 208 from January – October 10, 2013. The average price of a home during this period rose 14.7% from $1,3000,000 to $1,491,000. It should be noted that the reval does not appear to be hurting sales of homes priced from $2.5mm to $5mm as there were 33 sales in this price range in 2014 compared to only 12 in 2013. However, it has been challenging to move the most expensive homes on the market. In the $5mm plus range, only 3 sold this year as compared to 5 in 2013.

Sales:

50 Harvest Drive: (Pictured at top) 8,000 square foot new Colonial on a half acre on a cul-de-sac with level property with room for pool. Home boasts a Chef's kitchen, master suite with fireplace, all luxury bathrooms, 10' ceilings, custom cabinetry and raised paneling, state of the art heating and cooling system, and3 car garage
Sale Price $3,550,000
Real Estate Taxes: $76,194

12 Willow Lane: Ranch features four bedrooms, three and one half baths, French doors, hardwood floors throughout, a heated 20'X40' swimming pool, and ample room for a tennis court. This well-maintained home is being offered for the first time in thirty-five years. Professionally landscaped property and the privacy afforded by a quiet, convenient location.
Sale Price: $3,200,000
Real Estate Taxes: $54,046

25 Springdale Road: Brick Center Hall Colonial on tree lined street. Features include hardwood floors, crown and dental moldings, and new roof. Grand entryway with curved stairwell. Formal living room, dining room and family room with fireplace. Kitchen with center island with high-end appliances. There is also a mudroom and guest room with full bath off the kitchen that leads to two-car garage. Second floor Master suite with luxurious spa bath and walk in closet, BR, BR large Hall Bath, BR.

Sale price: $1,618,000
Real Estate Taxes: $30,104

216 Nelson Road: Edgewood Tudor with bright, spacious rooms. Lovingly maintained with many updates including a kitchen with granite countertops. Two full baths, energy efficient windows. Landscaped with mature trees, perennials and a Koi pond.

Sale Price: $905,000
Real Estate Taxes: $15,623

2 Bittersweet Lane, Edgemont: Beautifully renovated, sun-filled home, with open kitchen and family room, first floor den/library and playroom, and formal living room and dining room. The first level also has two wood burning fireplaces and a central music system. Situated on .68 acres of private, flat, fully fenced, usable land with specimen trees.
Sale Price: $1,150,000
Real Estate Taxes: $38,965

37 Walbrooke Road: This 1926 Colonial features a freshly decorated living room/family room with crown moldings, fireplace and French doors that lead to an open porch. A formal dining room with built-in-china cabinet invites you into a bright and open kitchen with views of garden, doors lead to the patio, driveway and garage. A powder room completes the first floor. Second floor has a master bedroom and bath, two additional bedrooms and a hall bath. The third floor has two more bedrooms and bath, much storage and lots of custom closets.

Sale Price:$920,000
Real Estate Taxes: $23,826

Featured Listings:

4 Burgess Road, Scarsdale: Beautiful five-bedroom Colonial on a level .60 acre with a fabulous patio and a 20' x 40' pool with Jacuzzi. Perfect home for everyday living and entertaining. Renovated and expanded in 2000. First floor has a lovely entry with beautiful staircase, living room with fireplace, dining room, large kitchen with island, breakfast area and sliding doors that lead to large patio. A study, office, and full bath complete this level. Walk to high school, Scarsdale Village and public bus. Free school bus to elementary school. Slate roof and permanent generator. Learn more here:
List Price: $2,695,000

240 Glendale Road, Scarsdale PO, Edgemont: Renovated and expanded, fantastic modern Colonial on fabulous, park-like half acre. Dramatic master bedroom suite on first floor with sumptuous spa bathroom and radiant heat, custom walk-in closet. Delightful, well planned kitchen with stone and tile countertops, breakfast area and access to deck. Family room off kitchen. Large, sleek and light-filled dining room. Spacious living room with glass tiled fireplace. Second story addition with incredible upstairs family room, three bedrooms and a full bath. Custom closets throughout. Luxurious IPE deck with awning, slate patio and hot tub. Stone retaining wall, rock garden, bluestone paths. Professional landscaping. Fantastic outdoor space accessed from three sets of sliding doors. Dedicated line for generator installed. This very special five-bedroom home has it all. A few blocks to elementary school and a short drive to Metro North to NYC. Room for pool. Learn more here:

List Price: $1,749,000