Real Estate: Home Sales Forecast for 2020

2020 is shaping up to be a good year for home sales in Scarsdale. Nancy Shaw Chochrek, brokerage manager at Houlihan Lawrence shared the following about sales year to date and her estimate for the year. She says that many deals are pending, meaning more newcomers are expected in town soon!

According to Chochrek, "The predictions change daily as more home go into contract. As of Tuesday, we had 184 closed sales in Scarsdale school district for 2020, compared to 196 for the same time in 2019. However, we also have 85 pending deals versus only 46 pending deals at the same time last year. Our pending sales (deals in contract) are way up, which reflects the high buyer demand. Of course, some of these deals may not close until 2021 so not as simple as adding the sales and pending sales together.

The attached is predicting total year-end sales of 239, but based on the number of pending sales I am confident we will outperform that number and even surpass last year's total sales. Inventory remains low (currently down 24% year over year), and demand remains high. Well-priced homes (especially if they are move in ready) are selling quickly, although buyers are still looking for value, especially if the home needs updating. We are seeing the same story throughout Westchester county: low inventory, high demand, and prices up. (Keep in mind that in Scarsdale median price dropped a total of 17% in 2018 and 2019, so the increase of 9% only partially closes the gap.)"

Sales
27 Jefferson Road
Inviting classic Colonial, beautifully renovated and well maintained, situated on a tranquil street. Thru center hall, living room/fireplace, formal dining room, family room with vaulted ceiling/fireplace, kitchen with farmhouse sink, center island, two dishwashers, SubZero fridge as well as two built-in pull out cabinetry fridge/freezer drawers, Viking stove with pot filler and very large eating area with easy access to covered porch, guest powder room, mudroom, door to attached 2 car garage and backstairs to second floor home gym/or office. Upper level offers a huge master bedroom with cathedral ceiling and fireplace, master bath with spa tub and stall shower, double sinks, two walk-in closets, plus 3 additional bedrooms and hall bath with second laundry. Lower level has a home office/recreation room, laundry room, utilities, plus ample storage space. The level private back garden is perfect for summer enjoyment and entertaining.

Sale Price: $2,050,000
Assessed Value: $1,225,000
Real Estate Taxes: $34,030

330 Clayton Road
Stately Custom-built Contemporary in Sought-after Fort Hill Estate neighborhood with highly-acclaimed Edgemont school district, completely redone by current owners over two years ending in 1994. Nestled on over an acre, this home features a gracious three story entry with stairs leading to a wonderful open balcony, first floor master bedroom suite, five additional bedrooms, six full bathrooms, living room and dining room with soaring ceilings, modern eat-in kitchen that opens to the large family room with sliding glass door to the covered deck, and patio and backyard. Additional items of this stunning home include a large second floor bonus area, first floor office with separate door out, three car garage, 52 skylights, conservatory off master bedroom, three fireplaces, finished lower level with large open rec / playroom and full bath, propane powered backup generator, central-air, and level yard and lawn sprinkler system.

Sale Price: $1,525,000
Assessed Value: $1,575,000
Real Estate Taxes: $49,634

1 Robin Hill Road
Newly constructed home in sought after Edgemont neighborhood. This bright and airy center-hall Colonial features impeccable finishes throughout: beautiful oak hardwood floors, energy-efficient Andersen windows, solid Roman-style interior doors, and contemporary lighting. The 1st level has an open flow with 9-foot ceiling, kitchen with quartz countertops and Samsung stainless steel appliances, dining room with bay window, family room with gas fireplace, butler's pantry with wine fridge and sink, living room, powder room, laundry room, and a patio with natural gas connection for the grill. The 2nd level features a luxurious master bedroom suite, family bedroom with ensuite bath, and 2 additional bedrooms with Jack & Jill bath. The lower level has a 5th bedroom, full bath, playroom, and access to 2-car garage. Landscaped lot with sprinkler system.

Sale Price: $1,4998,000
Assessed Value: $1,172,500

34 Byron Place
Vibrant illuminated picture perfect Edgemont Center Hall Colonial on a coveted Cul-de-sac. This 4 bedroom, 3.5 bath home is flooded with light that streams through the entire house with large windows overlooking the level and luscious backyard. The impeccably maintained landscaping organically compliments the flow of this fabulous home. Exceptional new features include: custom California closets and built-ins, large window seat in living room, French doors, state-of-the art chef's kitchen with stainless steel appliances and granite counter tops, marble and tile bathrooms, large TREX bi-level deck, LED lighting throughout, first floor Bowers & Wilkins speakers, high speed internet, Nest wi-fi thermostats, beautiful hardwood floors, exciting lower level of 635 square feet included in the total square footage.

Real Estate Taxes: $31,612
Sale Price: $1,126,000
Assessed Value: $1,095,800
Real Estate Taxes: $37,130

62 Woods Lane
Sun-drenched, Comfortable Center Hall Brick Colonial on a Beautiful Edgewood Lane. Great curb appeal. Library and family room on the first floor. Six bedrooms, three full baths, and a powder room. Greenhouse. Raised deck off the family room and a perfect porch for grilling off the kitchen. Lifetime GAI Slateline Fiberglass shingle roof (2017). Big windows and generous closets. Lush .26 Acre. Lovingly maintained inside and out.

Sale Price: $1,050,000
Assessed Value: $1,000,000
Real Estate Taxes: $23,460

196 Madison Road
Charming and bright, well maintained Scarsdale home with all 3 bedrooms upstairs. Great flow for entertaining and enjoyment, and generously sized rooms. Hardwood floors, French doors, wood burning fireplace, large eat-in kitchen with great cabinet and counter space. Deck repainted (6/20). Central air conditioning and upgraded electrical panel (2011), hot water heater (2013). Kitchen, bathrooms, hallways and lower level recently painted. Upstairs hall bathroom offers jetted tub and separate shower stall. Newly painted deck off of kitchen leads to level, fully fenced in backyard with a dog run. Easy walk to playground, elementary school, and commuter bus to Scarsdale Metro North train station. Lovely area for strolling and Arthur Manor neighborhood association hosts annual events. Scarsdale pool and recreation memberships available. Oil tank legally removed from flagstone front porch.

Sale Price: $854,000
Assessed Value: $725,000
Real Estate Taxes: $17,919

370 Central Park Avenue Unit#2S
This one bedroom is located in the impeccably manicured complex called The Edgemont, and is surrounded by lush gardens and greenery. Close proximity to the train, (35 minute commute to NYC) and highways. The unit itself has incredible wooded views from all rooms and offers a dining area, wood floors, an abundance of natural sunlight and more than adequate closet space. Enjoy the pool, fitness center, assigned parking, visitor parking, newly renovated lobby and first floor laundry.

Sale Price: $153,000

Featured Listings

155 Underhill Road
Scarsdale, NY 10583
Listing Price: $6,780,000
Breathtaking estate in lower Westchester. Charmingly updated and expanded French Country style main residence and pool house (2004). Enjoy an unparalleled lifestyle on almost seven acres with privacy, pool, tennis and all within easy access to schools, shopping, transportation, and train to New York City. Revel in the finest finishes and systems a modern lifestyle can afford - a crown jewel that is move-in ready. Property includes separate building lots.
Learn more here.


16 Pheasant Run
Scarsdale, NY 10583
Listing Price: $1,215,000
Renovated and stylish Contemporary Colonial in the Edgemont School District located on a beautiful, private almost half acre of level property. This beautiful and bright home offers a gorgeous cook's kitchen with an expanded breakfast area which seats six, custom cabinetry, high-end appliances, granite counters, center island, and large pantry. Some of the other special features include: renovated and expanded master bath with oversized shower and heated floor, updated powder room (1st level) and full bath (lower level), renovated master bedroom with oversized closets, custom closets in 3 bedrooms, new furnace (2020), hot water heater (2019), driveway (2018), replaced fireplace, renovated laundry room, built-ins in family room, interior six paneled doors, and new front door and painted interior (2020). The finished lower level has a recreation room, potential nanny's/in-law suite with full bath, gym/office and great storage. This exceptional home is the one you have been waiting for - so don't miss out!
Learn more here.


3 Claremont Road
Scarsdale, NY
Grand Architecture and Curated Interiors- painstakingly renovated and expanded by NY interior designer Robert Austin Gonzalez. The original 1905 home was modeled after Chateaux Le Petit Trianon; now seamlessly merges with modern amenities to create a chic but warm and inviting home.
List Price: $3,998.000
Learn more here.

9 Lynwood Road
Scarsdale, NY
Picture perfect move-in ready Colonial in sought after Beech Hill with low taxes is an exceptional property. This meticulously maintained and updated home has space for all your needs. Impressive beautifully renovated kitchen with wood burning fireplace is enjoyed in all seasons with views and access to the private slate patio and mature plantings.
List Price: $1,150,000
Learn more here.