Market Report: Sales Down in Scarsdale and Up in Edgemont

Sales as of the end of November 2015 in Scarsdale are down 10.7% from the same period last year. In 2015 there were 218 sales versus 244 last year accompanied by a 27.6% increase in active inventory, with 111 listings versus 87 at this time last year.

The upsurge in inventory is most pronounced at the high end of the market, where there is a 90% increase in listings in the $3-5MM range and a 37.5% increase in inventory of homes priced over $5MM. The biggest change in sales was in the $3-5MM range which dropped 31.8%. There is a nice selection of homes priced above $3 million available in prime locations in Scarsdale. Demand for homes priced below $3mm remains strong.

For the first eleven months of the year, sales in Edgemont increased 8.8% increase over last year with 99 sales this year versus 91 last year. There is also a 16% increase in inventory with 36 active listings versus 31 last year. The $500,000-700,000 market saw a 33.3% increase in sales and the $700-1MM market saw a 34.5% increase. All other price ranges were slightly down in number of sales. The market below $1.5 continues to be in high demand in Edgemont.

Realtors are anticipating an influx of inventory early in the New Year and hope for an influx of buyers, as well. Many sellers are waiting to list their homes until spring when new buyers are scouting the market to learn more about prices and value, and to line up pre-approvals for mortgages.

Market Summary:

Scarsdale: January 1 – November 30, 2015:

  • Up to $1MM: 9 active listings, 56 in contract or sold
  • $1-1.5MM range: 11 active listings, 77 in contract or sold
  • $1.5-2MM range 23 active listings, 55 in contract or sold
  • $2-3MM range: 19 active listings, 52 in contract or sold
  • $3-5MM range: 38 active listings, 24 in contract or sold
  • $5MM and up: 11 active listings, 5 in contract or sold

Edgemont: January 1 – November 30, 2015:

  • Up to $1MM: 8 active listings, 58 in contract or sold
  • $1-2MM range: 21 active listings, 54 in contract or sold
  • $2-3MM range: 8 active listings, 4 in contract or sold
  • $3MM+ range: 2 active listing, 3 in contract or sold

This information was provided by

14 Reimer Road14 Reimer Road Scarsdale, NY

Sale Price: $3,000,000
Taxes: $60,777

This center hall Colonial sits on a level, private, 1.32 acres in Murray Hill and features hardwood floors, fireplaces in both the living room and dining room, and a lovely paneled study.

361 Heathcote Road
361 Heathcote Road Scarsdale, NY
Sale Price: $2,627,500

This colonial has a covered porch, eat-in-kitchen with center island and breakfast area open to a (16×19) family room with a fireplace and french doors to the library. There is a formal living room (13.4×19.4) and dining room (14×15.9). The mudroom and laundry room are off the kitchen that leads to a two-car garage. The master bedroom suite has a tray ceilings, his and her walk-in closets (26×19) and a separate sitting room (11×12). There are three additional bedrooms and two full baths. There is also an area that could be customized as an open study loft. The lower level boasts an additional 1600 square feet that will be finished with a playroom, bedroom and full bath.

22 South Church Lane22 South Church Lane Scarsdale, NY
Sale Price: $1,844,000
Taxes: $33,848
This colonial is located in the Crane-Berkley neighborhood of Fox Meadow. Set on .41 acres of lush property, this home has been renovated over time. There is a living room with high ceilings and a gas fireplace, an eat-in-kitchen with hi-end appliances, family room with built-ins and random width peg oak floors, master bedroom with tray ceiling, cedar walk-in-closet, juliet balcony with an awning, skylight and master bath. Hi-lights include oak trimmed Marvin windows through-out, oak hardwood flooring, all cedar closets, multiple built-ins, and three zone central air/two zone heat. The yard features a bi-level stone patio with a gas barbecue and is surrounded by mature evergreens and a high stone wall, offering great privacy.

28 Crossway
28 Crossway Scarsdale, NY
Sale Price: $1,410,000
Taxes: $25,980
This four bedroom colonial has a two car attached garage, hardwood floors throughout, stone patio, a fenced in level backyard, entry foyer, living room with fireplace, formal dining room with picture window, family room with door to patio, powder room, gourmet eat-in kitchen with Viking/Miele appliances, new cabinets, limestone backsplash and granite counters, master bedroom with walk-in closets and updated master bath, three additional bedrooms and updated hall bath with dual vanity. Square footage includes 792 square foot legalized finished lower level with versatile playroom area, full bath, laundry room, pantry room, utilities and extra storage.

148 Lyons Road
148 Lyons Road Scarsdale, NY
Sale Price: $645,000
Taxes: $13,207.29
This colonial home has a fireplace in the living room and master bedroom.

79 Inverness Road
79 Inverness Road Scarsdale (Edgemont), NY
Sale Price: $1,256,000
Taxes: $32,328
This Cotswold area house has a California feel on a private setting on .48 acres. There is a private bedroom wing and a redone kitchen with storage, counter space, breakfast area, office space and laundry area. There are four bedrooms, 3.5 bathrooms, two fireplaces, a two-car garage, and central air conditioning.

5 Robin Hill Road
5 Robin Hill Road Scarsdale, NY
Sale Price: $1,150,000
Taxes: $27,885
This house is on top of Robin Hill with a half acre of two sub-dividable lots. The lower level has a family room/in-law suite with bathroom and a separate entrance to the patio and backyard. There are new lighting fixtures added throughout, as well as dual-zone central heating/air conditioning. There is a lighted Bessler attic and a crawl space. Many landscaping additions throughout including eight mature Crabapple and Dogwood trees and a mini irrigation system installed for shrubs and flower beds. There are newly stained, polished hardwood floors, freshly painted interior/exterior, cathedral ceiling, eat-in-kitchen, granite counters, stainless steel appliances, new cooktop, new water heater, sprinkler system, walk out basement, alarm system, and a 200 amp panel.

34 Seely Place
34 Seely Place Scarsdale (Edgemont), NY
Sale Price: $1,100,000
Taxes: $23,044
This Colonial in Old Edgemont on .43 Acres has three updated bedrooms, 2.1 baths plus an office, central air conditioning, Marvin windows, copper gutters and hardwood floors. There are French doors to a flagstone patio overlooking the garden.

65 Moorland Drive
65 Moorland Drive Scarsdale, NY
Sale Price: $999,999
Taxes: $26,529
This home features an updated eat-in-kitchen with granite countertops, skylights and stainless steel appliances. The first floor master bedroom includes a master bath with heated floors and a steam shower. The dining room has a view of the backyard through the sliding glass doors. The living room has a wood burning fireplace. Upstairs there is a large bedroom with storage and closets, another large bedroom with a sitting area and a playroom.

2 Tanglewood Road
2 Tanglewood Road Scarsdale (Edgemont), NY
Sale Price: $547,000
Taxes: $19,344
This 1950’s split home sits on 1/4 acre in Edgemont. There is a new furnace, electrical box and wiring. The roof is less than five years old. The land is .24 acre with 75 frontage and 107 depth (10,870 sq. ft.) on a corner lot. The basement is wood paneled, with a laundry room and half bath.


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