Scarsdale residential real estate sales are up 18.5% for January 1 – June 30, 2011 over the corresponding period a year ago. Sales of single family homes, condominiums and cooperatives increased in the Scarsdale school district though residential sales in Edgemont’s school district fell 27.5%. Second quarter sales volume accounted for the majority of activity with 66 purchases in Scarsdale and 20 in Edgemont.
In the Scarsdale School district, 96 total residences sold from January 1 – June 30, 2011. Sales of single family homes were highest in Heathcote (24), followed by Fox Meadow (19), Quaker Ridge (17), Greenacres (16) and Edgewood (15). The minimum selling price was $320,000 for a short sale of a 1922 cottage, 2 bedroom/1 bath home on 0.192 acres in Quaker Ridge. The maximum selling price was $5,250,000 for a 1927 colonial estate, 8 bedroom/6 bath on 2.623 acres, in Quaker Ridge. The average selling price of a 5 bedroom/4 bath single family home was $1,565,288 with 194 days on the market. 18 properties, or 19%, sold for $2,000,000 and above. The number of sales over $2,000,000 grew from 12 to 18 properties over the corresponding period last year. 26 properties, or 27%, sold below $1,000,000 with volume consistent from the comparable period last year. Condominium sales at Christie Place in downtown Scarsdale accounted for three transactions. Two cooperatives were sold at Chateaux Circle.
Market indicators in Scarsdale point to a continually strengthening housing market. Sales volume of all properties grew from 81 sales (1/1/10-6/30/10) to 96 sales (1/1/11-6/30/11) reflecting a strong spring market. The average sale price of a single family home, 5 bedroom/4 bath, grew from $1,417,390 to $1,565,288 in the corresponding period while the “Days on Market” average decreased from 209 DOM to 194 DOM. Single family homes sold for an average of 95.19% of their listing price in the first half 2011, up from 93.53% in first half 2010.
In Edgemont, 34 total residences sold from January 1 – June 30, 2011. Sales of single family homes were highest in Greenville (12) followed by Seely Place (6). The minimum selling price was $375,000 for a 1962 raised ranch, with 5 bedroom and 3 baths on 0.411 acres, in the Seely School District. The maximum selling price was $3,000,000 for a 1997 colonial style gated estate, with 7 bedrooms and10 baths on 2.857 acres, in Greenville. The average selling price based upon an average 4 bedroom/3 bath home was $929,917 with 181 days on the market. 6 properties, or 17.5%, sold for $1,000,000 and above as compared with 16 sales, or 34%, selling for this sum in the comparable period last year. 28 properties, or 82.5%, sold below $1,000,000 with volume consistent from the prior year.
Edgemont market indicators posted mixed results. Sales volume of all properties fell from 47 sales (1/1/10-6/30/10) to 34 sales (1/1/11-6/30/11). The average sale price of a single family home, 4 bedroom/3 bath, grew slightly from $920,000 to $929,917 in the same period while the “Days on Market” average decreased from 292 DOM to 181 DOM. Single family homes sold for an average of 93.66% of their listing price in the first half 2011, consistent with first half 2010 statistics.
The outlook for real estate in Scarsdale and Edgemont remains positive. An informed buyer or seller is best served by obtaining specific competitive market information tailored to their property needs. Scarsdale 10583 will continue to monitor real estate activity of interest and we invite you to send us your questions and comments below.
Information provided by Angela Manson, licensed real estate salesperson with Prudential Centennial, Scarsdale. Manson volunteers with local civic organizations and often writes about the community. She welcomes and assists buyers and sellers in Scarsdale and neighboring communities. She may be reached at 914-420-9878 or
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. Visit their website at: www.scarsdalebesthomes.com.
(Pictured at top: 17 Oakstwain Road)
Almost too many home sales to show this week – with prices ranging from $4 million to $1 million. Have happy days returned to the Scarsdale real estate market? 29 Paddington Road: Newly built stone French provincial Colonial. Grand foyer with floating staircase, stone archways, dining room, butler’s pantry, spacious double Chef's eat in kitchen with marble island, luxury appliances, library alcove, family room with fireplace, French doors open to private yard with gardens, Living room with fireplace, powder room, mudroom. Master bedroom suite with spa amenities and balcony. Four bedrooms, four baths, backstairs. Home theater, slate roof and heated garage.
More home sales in Scarsdale, and two in Edgemont as well: Check these out:
322 Glendale Road: Experience the light, height, space and openness throughout this center hall colonial with entry with soaring ceiling. Entertain in the two-story family room which flows seamlessly to a large kitchen. Enjoy the deck, large property and pool. Features include oversized rooms, custom bookcases, and granite counters.
360 Mamaroneck Road: Cape Cod Colonial with expansion possibilities, on 1/2 acre opposite entrance to Saxon Woods Golf course and close to Hutchinson Parkway. Great space and great value.
140 Moorland Drive: Perfect house with white picket fence. Renovated in 2006-09 with quality materials and workmanship. First floor has great flow, with a sizeable den off the living room, and access to the yard from the kitchen. Nice layout on second floor, and the unfinished attic is a walk-up. Backyard patio for BBQ and room for playset.
It looks like it was a good week to be a realtor in Scarsdale. There were almost more home closings than we had the space to show – but we’ve squeezed them all in –-from a $3.2 MM dollar home in Heathcote to a cozy Cape Cod in Edgewood, which sold for $610,000. From the data, it appears that Scarsdale real estate is hot.
7 Oak Lane: Elegant brick, center hall, Georgian colonial in prime Fox Meadow location on quiet street. Magnificent architectural details. High ceilings. Grand circular staircase. Original hardwood floors and plaster walls. Modern kitchen with granite countertops. Separate breakfast room. Wood-paneled library. Den. Three fireplaces. Master bedroom with his & her bathrooms. Seven additional bedrooms. Full basement. Gym. Three car garage. Flagstone patio. Slate roof. Level backyard.
56 Old Orchard Lane: Stunning plans executed by one of Scarsdale's most established and esteemed builders. This classic home is strategically situated in a uniquely private setting on a favorite Fox Meadow lane! High ceilings, custom millwork and top-of-the-line fixtures provide an exciting prospect for buyers seeking new construction in an established and richly landscaped neighborhood.
32 Oak Lane: One of a kind meticulously maintained Mediterranean home in Fox Meadow. True to its style, the commodious spaces foster a connection to nature and the surrounding landscaped environment - private patio off living room, covered terrace off sun room, deck off kitchen and out to expansive level lawn.
3 White Birch Lane: Colonial renovated with the finest of finishes on .63 acres of landscaped property and pool. Entrance hall, living room, family room, dining room Formal large kitchen with backstairs, mud room, den. Second floor: Large master bedroom, large walk-in closet with ultimate master bath, two bedrooms with new hall bath, backstairs with two bedrooms and hall bath. Basement: Full bath, laundry, large storage room and many closets.
6 Walworth Avenue: Exquisite architectural details in this charming sunny Greenacres Tudor on .41acres. Magnificent wood moldings in beautiful living room with fireplace, Large dining room with fireplace and pocket style doors, original glass fronted cabinets. This perfect home has spectacular landscaping with an in-ground sprinkler system.
27 Claremont Road: Traditional spacious Greenacres center hall Colonial ideally located on tree-lined street. Dramatic oversized gourmet eat-in kitchen with new stainless steel appliances, granite counters, tumbled limestone backsplash. New updates: CAC, deck, roof, leafguard gutters, dryer, oak floors. Living room has built-in bookcases, 3 fireplaces, grand master bedroom. Cheerful lower level family room. Beautiful new deck, large level backyard.
165 Rock Creek Lane: Well maintained Ranch on .4 acres. Gracious reception hall, large living room, formal dining room, kitchen with island, granite countertops. Family room with fireplace, master bedroom with a full bath, two bedrooms with a full bath. Lower level includes above ground playroom, plus a bedroom and full bath, laundry, storage, and utilities. Beautiful hardwood floors. Spacious rear garden.
5 Richelieu Road: Well maintained home with large living room with fire place and beamed ceiling, sunroom, formal dining room, modern chef's kitchen with center island, breakfast room and family room, powder room and mudroom. On second floor, master bedroom suite with cathedral ceiling and full bath, three additional bedrooms and hall bath.. On the lower level finished rec room and laundry.
36 Jefferson: This delightful Tudor is beautifully renovated and bright. New kitchen has granite countertops, stainless steel appliances and a large eat-in area with new sliding glass doors to a slate patio. New family room off kitchen with French doors leading to elegant dining room. Spacious living room with mantled fireplace. New windows, 2 zone a/c and lawn sprinkler system. Town approved plans for master bedroom/bath suite.
194 Webster: Cozy and charming 3 bedroom with den, and 2 full bath Cape Cod home in Edgewood. The spacious living room flows into the private dining room and then to a large Eat in kitchen. Hardwood floors throughout the home, new roof and furnace.
79 Brookby Road: Renovated 6 BR/5.1 bath center hall Colonial on private level 1/2 acre with finished lower level. Three new baths and new kitchen with high end appliances, granite counters and Cherry cabinets. Extra large master bedroom includes two-room suite with two walk-in closets and grand master bath. Located in Heathcote.
61 Catherine Road: exceptional home with elegant architectural details and open layout. High end kitchen, family room, and oversized living room. Spacious landing leads to 4 large bedrooms, 3 bathrooms and handy laundry room. The master has a luxurious bath with steam shower and dressing room. Set on over a half acre of private property in Heathcote.
12 Cornell Street: Beautifully crafted residence features circular driveway, gracious sized rooms, custom closets, granite country kitchen with sky light, 2 fireplaces and a first floor guest room en suite. The perfect blend of modern and convenient everyday living with impressive entertaining areas. Lush landscaping and perennial gardens provide privacy year round.
features French doors that bring the outside in making it the perfect home to entertain or enjoy quiet surroundings. New kitchen with family room, 6 bedrooms including a separate guest suite with bath make this home truly unique. Square footage includes 1,586 square feet of lower level living space.
14 Canterbury Road: spacious and elegant five bedroom Colonial in Heathcote on almost a half acre. The renovated kit, family room and first floor bedroom lead to the stone patio overlooking private park-like property. The exterior has just been painted and includes a two year warranty.
15 Cohawney Road: Sundrenched Tudor in Fox Meadow with grand living room, inviting sunroom and gracious formal dining room. Sparkling leaded stained glass windows. Updated kitchen with adjoining family room. Patio and landscaped yard. Four bedrooms with classic woodwork and architectural details.
