Real Estate: Sales Up, Prices Down in Scarsdale

How is the real estate market shaping up for 2019? We asked Angela Retelny from Compass Real Estate to give us her analysis of 2019.

She reported that in the first three quarters of 2019, 206 homes were sold in Scarsdale, vs. only 177 in the same period in 2018.

There was an 8.2% decrease in the median selling price which dropped from $1,525,000 to $1,400,000 in 2019 while the average selling price was down 12.7% from $1,847,329 in the first three quarters of 2018 to $1,611,921.

Retelny said, “The bottom line is that more transactions took place as buyers took advantage of lower prices and enjoyed great values while many sellers who were ready to move on met the market at the new levels.

I see renewed interest in Scarsdale and have recently sold homes to three young families where at least one spouse grew up in Scarsdale and are now moving back to Scarsdale to raise their own families. This is an interesting development as more young families are leaving the city to start a life in the suburbs. They are seeing how attractive suburban life is and all we have to offer.

There are interesting opportunities for buyers in the holiday season. Some sellers who have been on the market for a while are ready to move on and prepared to make deals at prices they were not entertaining earlier in the year. Many buyers are giving themselves a wonderful holiday gift by acquiring exceptional properties at great prices.

I am receiving multiple offers on many of my listings that have sat on the market earlier in the year. Most of my listings have recently sold or have signed contracts or deals in progress. I see many new buyers emerging and, although they are concerned about the tax changes, they are setting a budget including the taxes they can afford and focusing their search on properties that meet their needs and are affordable to them.”

Sales
1A Reimer Road
Magnificent estate set on one of Scarsdale's most iconic addresses. This special home was custom built as a unique collaboration between one of Scarsdale's most well-known builders with a Telluride design and Southwest inspiration. The impressive entry welcomes you with rich and sophisticated tones, cathedral ceilings, Colorado stone floors, and custom millwork. The stone floors continue through the kitchen and outside around the patio and pool for a seamless indoor-outdoor flow. The chef's kitchen, ideal for entertaining, opens to the family room with doors to the expansive backyard. Vaulted ceilings in the master suite perfectly frame views of the resort-like grounds. A pristine acre of flat manicured land features a Gunite Pool, fenced-in yard, and a wide circular driveway that approaches the home gracefully. The full finished basement offers soaring ceilings, walk out to pool and backyard, a full bathroom and plenty of storage. Whole house generator. 3 car garage with Tesla Ports.

Sale Price: $4,137,500
Assessed Value: $3,675,000
Real Estate Taxes: $89,237

83 Brookby Road
Sparkling, totally renovated from top to bottom in 2011, Center Hall Colonial. Nestled on .90 acres of level property, this private sanctuary with gorgeous gardens and specimen plantings, sweeping lawn and covered patio. This home features a grand entrance hall, a new chef's kitchen with stainless steel appliances and quartz counters, mud area/pantry, and a vaulted ceiling family room with custom cabinetry and doors leading to a new large bluestone patio. The upper level boasts four large bedrooms, three en suite baths, and walk-in closets. The master bedroom is complete with a sitting room/office and a spacious bath with a soaking tub and separate shower. This home offers many new windows, heating and air conditioning system, all appliances, flooring and peg oak flooring, custom cabinetry and molding.

Sale Price: $1,935,000
Assessed Value: $ 1,809,500
Real Estate Taxes: $43,988

9 Kolbert Drive
Set on an expansive and private .63 acre lot in the desirable Quaker Ridge neighborhood of the Scarsdale School District, on a cul-de-sac and backing onto Winged Foot Golf Course, this home offers a great layout for everyday living and grand spaces for elegant entertaining. The first level features an entry foyer, formal dining room, eat-in kitchen, family room with fireplace and sliders to the spacious deck, powder room, bedroom/office, full bath, and laundry room. Up a few steps to the stunning formal living room with a high ceiling and a wall of windows overlooking the property and a library. The second floor boasts a master bedroom suite with a dressing area, ample closets and en-suite bath, three additional bedrooms, and two hall baths. The lower level contains a large playroom with sliders to the beautiful, level yard, with room for a pool.

Sale Price: $1,200,000
Assessed Value: $1,484,000
Real Estate Taxes: $35,149

347 Heathcote Road
This well-maintained home is situated on .26 level acres in the heart of Heathcote with a 2 car attached garage. Includes gas and central air. Very open floor plan with 2 wood-burning fireplaces, an eat-in-kitchen, 2 full baths, a den, a year-round slate sunroom, slate room, and spacious flat yard, and a walkout finished basement with lots of storage space.

Sale Price: $725,000
Real Estate Taxes: $20,860

344 Central Park Avenue Unit#B24
This lovely one-bedroom unit is set on the top floor, complete with a Juliette balcony. In the Edgemont school district, this pet-friendly complex has an in-ground pool, two playgrounds, and plenty of visitor parking. This unit also features ample closet space complete with a large walk-in closet in the bedroom, ceiling fan in your own dining room as well as a built-in air conditioner unit and hardwood floors as shown. Basic cable is included in maintenance.

Sale Price: $195,000

370 Central Park Avenue Unit#2T
This lovely clean One-bedroom unit has a nicely renovated kitchen with granite countertops and custom cabinets and stainless steel appliances. The unit includes one assigned parking space. The Complex has a newly remodeled lobby, new electrical in building and new Fire alarm system. There is also a conveniently located guest parking and an overnight parking lot. Other amenities include a pool, fitness center, playground, and a bicycle storage room.

Sale Price: $148,000

Featured Listings

31 Paddington Road
Scarsdale, NY 10583
Not to be missed, this exceptional newly constructed Colonial is ideally located in the heart of Fox Meadow and close to the train, Scarsdale village, and schools. This fabulous home boasts a desirable open layout with oversized windows and extra high ceilings throughout. High-end professional-style chef's kitchen.
Learn more here.
Listing Price: $2,895,000 and for rent $14,500

50 Popham Road #2I
Scarsdale, NY 10583
Located in the Village of Scarsdale, this bright and spacious apartment at the sought-after "50 Popham Road" offers attentive service in a 24-hour doorman building. Lovely millwork and built-in cabinetry enhance this lovely bright apartment. Graciously proportioned rooms arranged within a "front to back" floor plan.
Learn more here.
Listing Price: $795,000

Open Houses

127 Garth Road #2D
Scarsdale, NY 10583
Open Houses 11/23 from 1:30pm-3pm and 11/24 from 12pm-1:30pm
Enjoy both eastern and western exposures in this immaculate one-bedroom unit at Eton Hall.
Learn more here.
Listing Price: $214,000

99 Victory Boulevard
New Rochelle, NY
Open house Sunday 11/24 – 12-2
Price Reduction! Seller Motivated! This light-filled turn-key home in Bonnie Crest offers old world charm with the best of today's amenities. Enjoy your new white eat-in kitchen with stainless steel appliances. New bathrooms, Hardwood floors, slate roof and bluestone patio for aesthetically pleasing, low maintenance living.
Learn more here.
Listing Price: $939,000