Real Estate Market Rebounds in 2019 - Sales Up 23%

The final numbers are in and it looks like Scarsdale home sales are back on track. In 2019, 258 homes sold in Scarsdale, vs. 210 in 2018, a 23% increase.  However, there was a fall in the median price which decreased 7% from $1,508,000 in 2018 to $1,399,000 in 2019.

In Edgemont, the trends were reversed. In 2019, 71 homes sold vs. 91 the prior year, a 22% decrease.  However, the median price rose 4% from $1,082,000 in 2018 to $1,120,000.

It looks like at least in Scarsdale, the market has rebounded from the effects of the loss of the state and local tax deductions (SALT) implemented by the President. Prices have fallen to compensate for the loss of the deduction, but sales overall are up. 

According to Anne Moretti, a realtor with Julia B. Fee, “The real estate market correction appears to be over. After two challenging years of continued price erosion, totaling a 17% decline in medium home sale prices over two years in Scarsdale, we begin 2020 with a sense of optimism. Housing prices are stabilizing, and buyers are signing purchase contracts. Fueled by three interest rate reductions in the second half of 2019, strong employment numbers and stock markets hitting new highs, the total number of homes sold increased nearly 23% from 2018 to 2019.” 

“Strong 3rd and 4th quarter stats indicated how many homes were going into contract, a signal that buyers were reacting to opportunities Buyers were snapping up well-priced homes and financing them with cheap money. We are off to a robust start to the new year, and eager buyers are complaining about our low levels of inventory. Whether you’re buying or selling, this year will be more balanced than the past two years.”

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

45 Church Lane
Magnificent Red Brick Colonial. A Perfect Walk to Train Location in the heart of Fox Meadow, Modern Elegance and Resort-Style Pool and Amenities. One of Scarsdale's most admired homes, thoughtfully designed by master architect William Bottomley and reinvented for modern living. The symmetrical center hall layout presents 5,800 square feet of modern and refined light-filled interiors, high ceilings, and exquisite finishes. Renovated all-white chef's kitchen with center island, marble countertops and breakfast area, large formal and informal rooms, 5 spacious bedrooms, 4.5 modern baths, luxurious master suite with fireplace, sleek master bath with steam shower, soaking tub and custom walk-in closets. New Pella windows. Over half acre setting with a stunning pool, bluestone patios, fire pit and veranda overlooking property. Breathtaking third floor recreation/play area with screening room. Additional 1,555 square feet on lower level, attached 2-car garage.

Sale Price: $2,850,000
Assessed Value: $2,100,000
Real Estate Taxes: $51,321

350 Heathcote Road
Brand new (2018) 6 bedroom 5 bathroom home in the heart of Scarsdale. Open floor plan features a gourmet kitchen with island seating, great room with fireplace and breakfast area overlooking lovely, level backyard and deck. Also on the first floor is a formal dining room with butler pantry, living room, den, powder room, and mud room. The second floor boasts a fabulous master bedroom suite including his/her outfitted custom closets and a luxurious spa-like bathroom, 3 family bedrooms, 2 full bathrooms, and a laundry room. A spacious multi-purpose room can be used a bedroom, playroom, etc. Lower level offers an additional bedroom and full bathroom, large recreation room, space for a gym and ample space for storage. Additional features include top of the line appliances, hardwood floors throughout, custom woodwork, stone finishes, and large pantry and a two car garage.

Sale Price: $1,980,311
Assessed Value: $1,650,000
Real Estate Taxes: $23,247

24 Montrose Road
Beautiful stucco Colonial with great curb appeal and a perfect layout for everyday living is ideally locating near the Greenacres Elementary School. The first level features a fabulous kitchen and windowed family room with access to the patio and yard. The center entrance hall leads to the formal living room with fireplace and formal dining room. The study/office and renovated powder room complete the first level. The master bedroom has a wall of closets and renovated en-suite bath. Three additional bedrooms, new hall bath and office complete the second level. There is an additional bedroom and updated bath on the third level.

Sale Price: $1,199,000
Assessed Value: $1,345,646
Real Estate Taxes: $31,686

216 Beverly Road
Convenient location, curb appeal and beautiful interior throughout. Walk to elementary school and with easy access to commute and shopping, this renovated home features open layout, renovated kitchen, new bathrooms and plenty of space for easy and modern living. Flooded with natural sunlight, the first floor features formal living room and family room (overlooking each other to form a great room), formal dinning room connected to eat-in kitchen, two bedrooms, one renovated full bath, and a mud room. The second presents two large bedrooms, a beautifully renovated spa-like bath and plenty of storage. Huge finished basement (additional 800 square feet). Large 0.3 acre lot with huge, flat and private side yard. Quiet street and great neighborhood. Many upgrades/improvements in the last 5 years includes : new AC systems, new boiler, new insulation, new roof, new generator, new driveway.

Sale Price: $900,000
Assessed Value: $899,300
Real Estate Taxes: $30,567

1 Christie Place Unit#406E
This luxury top floor one bedroom in Christie Place has been redesigned and offers a unique, sleek, and sophisticated environment. It features low profile, walnut built-ins throughout, allowing for uncluttered living. The clean, spacious feeling is enhanced by 9 ft ceilings, gracious moldings, and generously sized rooms. The efficiently designed Gourmet kitchen has Viking appliances, glass tile backsplash, and granite counters. The large master bedroom has an expansive bay window, built-in custom cabinetry and desk, a walk-in custom closet, a marble master bath with spa tub, walk-in shower, and heated floor, and laundry closet with full-size washer/dryer. Amenities include: one deeded garage parking space, a private storage room( 7'x 9'), 24 hr concierge, a beautifully landscaped rooftop terrace and fitness room. Conveniently located in the heart of the village just minutes from the Scarsdale train station. this age 55+ condo is close to restaurants, banks, and shopping.

Sale Price: $835,000
Assessed Value: $443,000
Real Estate Taxes: $10,921

9 Longview Drive
Great 3 bedroom colonial in Edgemont School district. Completely updated in 2013. Living room, dining room, modern eat-in kitchen with access to deck overlooking level yard, master bedroom with master bath and two additional bedrooms. Hardwood floors, garage and nice yard. Central air. Large finished playroom and storage in basement. Close to school and bus.

Sale Price: $712,500
Real Estate Taxes: $28,577

Featured Listings

15 Carstensen Road
Scarsdale, NY 10583
Walk to train, town, and school from this superbly renovated Fox Meadow home, privately nestled behind mature trees and plantings. This stately seven-bedroom Tudor with four full and two half baths on .57 acre offers timeless elegance combined with every modern amenity for today's lifestyle. Finely renovated with the highest attention to detail, features include the following. Large chef's eat-in kitchen with top-of-the-line appliances, radiant heat floor, granite island with extra sink, spacious dine-in area, custom cabinetry, six-burner Viking oven/stove with griddle plus separate wall oven, warming drawer and wine fridge, easy access mudroom with door to patio, renovated baths with radiant heat floors including a luxurious master bath with separate soaking tub and shower, custom leaded glass windows throughout fabricated by Rohlf's stained and leaded Glass; four-zone heat and central air conditioner; gracious circular foyer, large Living room with fireplace and built-in, exceptional library with leaded glass french doors to patio and custom built-ins, comfortable family room off the kitchen, spacious formal dining room, radiant heat floors in all second-floor baths; third floor with three bedrooms and renovated bath, large storage room and walk-in cedar closet; slate roof, beautifully maintained wood floors throughout. Full, unfinished, walk-out basement with more than ample storage.
Learn more here.
Listing Price: $2,565,000

1 Axtell Drive
Scarsdale, NY 10583
It can't be denied, location doesn't get better than this. Convenience is the ultimate luxury. Let this enviable Crane Berkley location, so close to the train, Starbucks, Hoff Barthelson, and newly refurbished Hyatt Park be your inspiration to further customize this expanded Ranch. This can become the house of your dreams in this esteemed area. Master bedroom with custom closets on first floor. Luxurious master bath with radiant-heated floor meets the taste and needs of today's buyer. Renovated in 2001 with new Pella windows, powder room, 2-zone heating and AC and much more. Wired for FIOS. This block's electric is underground so there's no need for a generator. Crane Berkley offers activities for neighborhood residents. The beauty of the Crane Berkley pond where you may fish, use a row boat, or just admire makes this neighborhood unique. Additional 500 square feet of finished recreation space in basement. New washer and dryer and new electric panel.
Learn more here.
Listing Price: $1,598,000

Open Houses

70 Morris Lane
Scarsdale, NY 10583
Open House 1/19 from 1pm-3pm
Wonderful spacious Ranch in beyond mint condition on a beautiful and secluded one acre on a prestigious street in the heart of Murray Hill, Scarsdale's legendary estate area. Incredible location. Move right in to this large, bright living room with huge windows and fireplace, formal dining room, spacious and updated eat-in kitchen, powder roomm/full bath, library, with four bedrooms/three bathrooms on the main level. Lower level: guest room with suite/bathroom, large playroom, laundry, large storage are. Hardwood floors. Large in-ground heated gunite pool. Three-zone heat and air. Fenced-in yard. Circular driveway. A modern and open flow ties this unique offering together. A spectacular must see home.
Learn more here.
Listing Price: $2,150,000

1 Fountain Lane #2D
Scarsdale, NY 10583
Open House 1/18 from 12pm-1:30pm
Welcome to the Fountainhead with its daytime concierge, outdoor pool with lounging areas, billiard room, gym and sauna, laundry room on each floor and garage parking. This 2-bedroom 2-bathroom unit is beautifully updated with new stainless steel appliances in the classic white kitchen with a pantry in the adjacent dining room. The living room is 24 feet by 12 feet, has a mirrored coat closet, and has sliding glass doors to the private balcony for relaxation/entertaining. Generously sized at 17.5 feet by 11 feet, the master bedroom has a 6-foot deep walk-in closet and a renovated master bathroom. The second bedroom is 12 feet by 10 feet with a large double-door closet. The hall bathroom in all white has a sizeable vanity and triple-door mirrored cabinetry. There is a laundry room on this floor. Two spaces in the garage transfer with the sale. No dogs at this complex but cats are permitted with board approval. The Fountainhead is luxury co-op living at its best. Nearby to shops, restaurants and bus.
Learn more here.
Listing Price: $358,000


3 Brittany Lane
New Rochelle, NY
Open House Sunday, 1/19 – 2-4
Resort living at its' best. This private enclave of eight homes is located in a waterfront gated community with a private beach and across the street from marinas, close to shopping, transportation and restaurants. Located on a private cul-de-sac, this custom stucco and stone, 4/5 bedroom, 3 and a half bath home provides easy access to NYC. Modern amenities blend with classic coffered ceilings, custom millwork, stone fireplace, two story entrance, French doors, and exquisite limestone floors. The open floor plan makes entertaining a breeze with large interior spaces and beautiful outdoor patios. The walkout basement has tremendous possibilities. The walk-up attic is finished providing beautiful storage space. The garage is heated and has ample storage. This amazing home needs to be seen to be fully appreciated.
Learn more here.
Listing Price: $1,475,500

52 Webster Avenue, Unit#11
New Rochelle, NY
Open House Sunday, 1/19 – 1-3
It's all in the details. A private entrance welcomes you to unit 11 at Knickerbocker Lofts. As you enter the foyer, kick off your shoes and peek around the corner. You will be wowed by the details. Light bright open space with 14 ft ceiling and architectural windows at each end over 10 feet high and 6 feet wide providing a soothing cross breeze. The amazing wood floors are original and worn with time. The white brick walls have interesting insets and unique rosettes that frame the ceiling. The living space is versatile and can be customized for privacy or opened for an open floor plan. The kitchen and bath are updated. A red ladder leads to large loft space perfect for reading or additional storage. The amenities at this exceptional residence include on-site fitness center, spacious common laundry, club room with fireplace and panoramic rooftop terrace. Close to everything downtown New Rochelle has to offer including transportation, restaurants, shops, parks, and library.
Learn more here.
Listing Price: $499,000

 

101 Old Mamaroneck Road, Unit#3D6
White Plains
Open House Sunday, 1/19 – 2-4pm

This fantastic corner unit is fully available. Two bedrooms, two full baths on the top floor of The Claridge, one of the most sought after doorman buildings in White Plains. Close to downtown but in a quiet location, this unit has oversized rooms with deep custom closets and hardwood floors. The large living room and adjacent dining room are bright with large windows facing the immaculately maintained courtyard below. The kitchen was recently renovated with stainless steel appliances and granite countertops. The large bedrooms have ample closets. Both the hall bath and master bath are beautifully renovated. This pristine building has a terrific lobby with access to a social room and landscaped courtyard with Pergola. Conveniently located to everything downtown White Plains has to offer.

Learn more here:
Listing Price: $345,000


 

143 Garth Road, Unit# 3J
Scarsdale – $ 249,000
Open House Sunday, 1/19 – 12-3pm

Location, Location! This is the one you have been waiting for! Mint package TOTALLY UPDATED WITH THE FINEST TASTE. Walk to Train 30 minute commute to Manhattan or up to Croton. Short walk to Scarsdale Village offering its wonderful shops and restaurants. This Fabulous one bedroom boasts gleaming hardwood floors, an updated EIK/stone counter tops, new glass/wood cabinets, SS appliances, new bath with marble flooring. 5 closets, 3 custom made. wood floors throughout, and freshly painted. It also comes with a storage rm/common laundry. The building has access to a beautiful terrace off the lobby facing Garth woods. Located just off the Bronx River Parkway and Bronx River Trail. Residents are eligible for Lake Isle membership, which includes golf, tennis, and swimming. Parking permit available for street parking from the town of Eastchester. Yearly permit at town garage. PET FRIENDLY ALSO! This amazing opportunity is not to be missed! This is truly a Gem that won’t last long.

Learn more here
Listing Price: $249,000