May Real Estate Data: Sales and Inventory Are Up

If it seems like you’re seeing a lot of FOR SALE signs in front of Scarsdale homes, your eyes are not playing tricks on you. New data from Houlihan Lawrence confirms that there are indeed more homes for sales, but the good news is that the number of sales and pending sales are up as well.

According to monthly data, as of June 4, 2019, there were 205 single family homes for sale in the Scarsdale School District as compared to 194 at this time last year. That’s an increase of 5.7%. The median sale price is down 13.6% from $1,601,000 last year to $1,382,500 this year, which may reflect an adjustment in prices to compensate for the loss of the real estate tax deduction.

On the positive side, buyers are taking advantage of the soft market and homes are selling. Year to date, the number of homes sold is up 16.9% from 65 homes sold at this point last year to 76 this year.

If you’re looking to move to Scarsdale, there are plenty of beautiful homes available and sellers are ready to make a deal.

Scarsdale Realtor Laura Miller made the following comment on the market:

“As of June 4, 2019 when we compare 2019 to 2018, although inventory is up 5.7%, pending sales are up 14.1%, which is very good news.

The message for sellers: if you are priced to show value, there are buyers for your property. Inventory is moving and you should adjust your price if you are not getting showings or you are getting showings and no offers. Both are signs that you are overpriced in this market and that buyers are not seeing value. There is certainly price compression year over year but if you are realistic about the value of your home in this market, there are plenty of buyers out there looking to buy.

The message for buyers: there is tremendous value to be had in this market at this time. We don't know what next year will bring so you may want to jump in sooner rather than later. It takes a minimum of 45-60 days to close with financing so if you want to be in by school, you should view listings this month very seriously. Sellers are looking to make deals.”

Here are this week’s sales, featured listings and weekend open houses. Note the big sales!

Sales:
4 Burgess Road
Luxurious Murray Hill Colonial with exciting interiors successfully blends old world exterior with modern aesthetics. Meticulously renovated and expanded in 2017 with exquisite attention to detail throughout. Special attention to exceptional architectural design and features includes a multi-level staircase from the third floor down to the lowest level. This energy efficient smart home has enviable state-of-the-art features using only the finest materials and executed by one of Westchester's premiere builders. Lush, tranquil grounds include a stunning pool and stone patio spanning the back of the house complete with Lynx barbecue, perennial gardens and a separate private zen retreat with fire pit.

Sale Price: $4,750,000
Assessed Value: $2,647,125
Real Estate Taxes: $65,262

53 Harvest Drive
This young custom built Colonial on 1/2 an acre of level, landscaped grounds features superior craftsmanship and impeccable design. The Chef's Kitchen with top of the line stainless steel Viking appliances, grand center island, and separate dining area with custom built-ins will impress the discerning gourmet. Everyone will love the large family room with fireplace and vaulted buttress ceiling with French doors to a covered bluestone patio. The formal dining room with tray ceiling and fireplace is perfect for hosting dinner guests. Relax in the large living room with fireplace with French doors leading to a large patio and garden. The master bedroom/fireplace features a sitting room, tremendous closet and luxurious bathroom. Friends and relatives will enjoy the first floor guest suite. Additional features include 9 1/2 foot ceilings, quality mill work, beautiful hardwood floors, professional landscaping and room for a pool.

Sale Price: $2,688,000
Assessed Value: $2,425,000
Real Estate Taxes: $60,096

76 Secor Road
Features include: open floor plan, sun-filled, gourmet eat-in kitchen with quartzite center island that opens to both a private patio and a spacious family room offering a dramatic, floor to ceiling, stone fireplace, skylights and door to patio and level backyard; oversized, step-down living room with trey ceiling and built-ins, sunny, formal dining room; guest bedroom with en-suite bath, powder room and laundry on main level; master bedroom with cathedral ceiling, two walk-in closets and luxurious bath with skylight; three more bedrooms and hall bath as well as an upstairs bonus room with en-suite bath and separate staircase leading to second entry and mudroom; large basement includes 704 square feet of finished storage; private level yard surrounded by evergreens.

Sale Price: $1,775,000
Assessed Value: $1,375,000
Real Estate Taxes: $34,075

28 Bradford Road
Welcome to an iconic center hall Colonial on one of Scarsdale's prettiest streets. This expanded Colonial offers everything you are looking for in space and layout. The generous kitchen situated in the rear of the home offers plenty of counter and cabinet space and has a door out to a private patio and yard perfect for entertaining! The family room is located off the kitchen and is the hub of daily living. Formal living and dining rooms are wonderful gatherings spaces. The master suite has a sitting room and beautiful master bathroom. 4 bedrooms on the 2nd level are nicely sized and complete this floor. A 3 car attached garage, hardwood floors, molding accents, recessed lighting, lots of windows allowing for natural light are all found in this home. Terrific closet and storage space.

Sale Price: $1,700,000
Assessed Value: $2,100,000
Real Estate Taxes: $51,256

1 Glenwood Road
From the moment you arrive at this unexpectedly private location, this Storybook Tudor impresses with its amazing curb appeal. Inside and out, this special home overflows with stunning architectural features from the soaring, meticulously maintained slate roof and stone chimney stack to the magnificent oversized fireplace in the sunken living room and gleaming hardwood floors and high ceilings throughout. The generously proportioned space easily accommodates groups of all sizes inside and out. Enjoy serene views of the lush surrounding landscaping through virtually every window or relax on the patio/covered porch, just steps up from the large lawn.

Sale Price: $1,170,000
Assessed Value: $1,219,700
Real Estate Taxes: $40,379

49 Tunstall Road
Stunning street presence and a gracious portico introduce the home’s neoclassical roots. Special features include: high ceilings, clean lines, distinctively long and well placed windows, beautifully restored doors, doorways punctuated by decorative pediments, rich hardwood floors, open floor plan, and easy flow of light through abundant multiple exposures. A broad entryway to the dining room sets the stage for elegant dining, while a strategically located family room, with 20 linear feet of glass, is the perfect complement to a well proportioned eat-in kitchen. A unique master suite is comprised of a bedroom, dressing room/study (or 5th bedroom) and master bath. Additional highlights include a special setting, and a flat yard.

Sale Price: $1,170,000
Assessed Value: $900,000
Real Estate Taxes: $22,193

27 Glenwood Road
This sought-after neighborhood is filled with charm and is a commuter's dream. The first level features a spacious and bright open-plan living room/dining room layout with a gas fireplace and French doors to the patio, a bright eat-in-kitchen with stainless appliances, large dining area, built-in desk and French doors to the patio for outdoor dining, two bedrooms and a large, luxurious full bath with a soaking tub, shower and custom double-sink vanity. The second level boasts a master bedroom with ensuite master bath and a 4th bedroom currently used as a study/den but which can easily be converted back to a bedroom. The lower level includes a recreation room, laundry and an attached two-car garage.

Sale Price: $947,500
Assessed Value: $934,100
Real Estate Taxes: $31,518

14 Magnolia Road
Lovingly maintained side hall Colonial with fantastic curb appeal located in Quaker Ridge. The home boasts lots of natural light and large spaces for entertaining. The house is 2454 sq ft with additional 873 sq ft finished walk out lower level which has full bath and an additional room which can be used for office/bedroom and extra storage. A large cedar deck off the kitchen is a perfect place to enjoy your family and friends.

Sale Price: $910,000
Assessed Value: $900,000
Real Estate Taxes: $21,062

19 Kingwood Road
Nestled on a tranquil street in Edgemont, this custom built, open concept home boasts vaulted ceilings, large windows, great flow for entertaining and easy living. The granite entry foyer leads into a library/home office featuring arched windows, powder room, bedroom, family room with sliding glass door to private level backyard. Living Room boasts a vaulted ceiling, skylights and a fabulous marble fireplace. The dining room with a wall of glass doors to large deck brings the outdoors in. Sweeping views of the yard from the living room, dining room and kitchen flow seamlessly to the family room's thoughtfully designed circular stairs. Perfect for entertainment and casual living at its best. Spacious master bedroom features walk-in closet and master bathroom with Jacuzzi, shower and double sink vanity. Recent improvements: freshly painted interior, roof, gutter, carpet, refrigerator, dish washer, 3-zoned boiler, Quartz island countertop and washer.

Sale Price: $859,000
Assessed Value: $822,700
Real Estate Taxes: $27,751

17 Evon Court
This unique detached townhouse, conveniently located on a private street. A spacious open layout, with cathedral ceilings, a bedroom/den on first floor, hardwood floors and a wood burning fireplace are all yours to enjoy with family and friends. The eat-in kitchen has windows with two exposures and lots of counter space and storage, as well as a butler’s pantry with a wet bar. This townhouse is only one of a few in the complex that has a walk out family room on the lower level and is located at the rear of the cul-de-sac, which allows for a large front and back yard two exposures in the kitchen and room to park 3 cars in the driveway. Carefree living is yours with snow removal, lawn maintenance, exterior house painting and driveway paving all provided by the HOA.

Sale Price: $831,600
Assessed Value: $975,000
Real Estate Taxes: $24,038

Featured Listings:

8 Sundale Place, Scarsdale
A resort feel every day in this exceptional young Colonial in the Edgemont School District. Built by established local builder in premier location at end of cul-de-sac with Shoreline Gunite heated pool on gorgeous one acre property. The interior layout features high ceilings, spacious rooms, lots of light, and open spaces.
Learn more here.
Listing Price: $1,985,000

2 Sundale Place, Scarsdale
Have it all in this Edgemont School District gem on one acre with heated salt water Gunite pool. This renovated home boasts a circular drive, three car garage on a premier cul-de-sac street with views which include sunsets, July 4th fireworks an golf course. The expansive updated cook's kitchen will delight.
Learn more here.
Listing Price: $1,735,000

15 Sage Terrace, Scarsdale
Bright ideally located, fully renovated five-bedroom Greenacres home with private landscaped backyard close to the Greenacres elementary school and train with attached three car garage. This house has an amazing kitchen/family room. The kitchen boasts professional style equipment (Viking Stove, Sub-Zero refrigerator).
Learn more here.
Listing Price: $1,795,000

2 Normandy Lane, Scarsdale
Hamptons Lifestyle in Scarsdale! Exceptional Center Hall Colonial estate with spectacular 2.6 lushly landscaped acres, pool, tennis and 2 bedroom entertaining Pool House. Recently redesigned by Greenwich architects, Alisberg Parker, this home was renovated in 2011-2013 with great attention to detail.
Learn more here.
Listing Price: $5,450,000

Open Houses:

12 Reimer Road, Scarsdale
Open House 6/9 from 2pm-4pm
Storybook brick Georgian Colonial with slate roof set on a private 1.59 acres in the estate section of Murray Hill. Meticulously restored and renovated for entertaining. This home features a fenced-in pool with adjacent 2012 cabana and pergola with slate roof and built-in BBQ. Tennis court and sprawling grounds.
Learn more here.
Listing Price: $6,500,000

315 Evandale Road, Scarsdale
Open House 6/9 from 1pm-3pm
Hamptons-style living in award-winning Edgemont school district. Custom built, Dutch-style Colonial, designed in 2003 by Greenwich architects Alisberg Parker. No detail overlooked in this elegant six-bedroom, seven-bath home, with exquisite millwork throughout. Situated on .93 acres, with expansive 20'x42' gunite pool.
Learn more here.
Listing Price: $3,050,000

154 Bradley Road, Scarsdale
Open House 6/9 from 1:30pm-3:30pm
Welcome home to this inviting Edgewood Colonial ideally located near school, park, shops and bus to train. Bus to middle school. Highlights: gourmet chef's kitchen with high end appliances and radiant heated floors, living room with built-in shelves and wood-burning fireplace, formal dining room, large master bedroom.
Learn more here.
Listing Price: $970,000

59 White Road, Scarsdale
Open House 6/9 from 1pm-4pm
Scarsdale address, Eastchester taxes, and much more. True Center Hall Colonial has four bedrooms and two-and-a-half bathrooms. The large, high ceiling family room adjoins the eat-in kitchen and walks out to a stone patio and level backyard. Living room has wood burning fireplace and built-in dry bar.
Learn more here.
Listing Price: $849,000