Scarsdale, NY Real Estate News

By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Scarsdale Cooperatives: Scarsdale coops are very popular for commuters and long-time residents alike.  When people think of coops in Scarsdale, they are often thinking of the famous Garth Road.  Unfortunately, there are no longer any dog-friendly cooperative complexes on Garth.  However, nearby on Central Ave, there is such a complex. Scarsdale Country Estates: Scarsdale Country Estates is located on Campus Place and Sentry Pl.  off of Central Ave. Although they have a Scarsdale, P.O. address, it is important to clarify that they are actually located in the town of Greenburgh in the famous Edgemont school district.  These are lovely old world garden style units with fine moldings, hard wood floors and fireplaces. Being located directly off of Central Ave., these units offer easy access...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Zachys Wine & Liquor is a famous Scarsdale Landmark: Located on 16 E. Parkway in the heart of Scarsdale Village Zachys Wine & Liquor is a landmark unto itself.  They are in their 65th year and anyone who knows anything about wine, knows Zachys.  Wine affectionados come from all over to shop there.  They host exclusive and wine tastings.  For example, the most recent was on Saturday with a big Italian wine tasting. In truth, I was more than a little intimidated. I was certain that someone who knows something (but not a lot) about wine would be in well over their head walking into such such a famous place.  Not so at all.  They were actually very patient and helpful.  As I was wondering through the maze of bottles I had started to feel a bit lost and a staff member rescued me and helped ...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
  The Scarsdale market began its correction towards the end of 2007.  Scarsdale homes  went down substantially in value through 2008.  In spite of the financial meltdown at the end of 2008, the Scarsdale market has actually been firming up over the past year.  Although this has not been smooth ride, there are signs that the market is stabilizing – or at least depreciating at a slower rate.   In many ways the Q4 data reflects the Q2 data where year over year home values had started to nudge up.  In Q3 many of these gains were erased, but they were back in the 4th quarter. There are several issues that could derail this trend.  Subsidies  for mortgages will be ending putting pressure on interest rates.  Further, Scarsdale is not immune to the shadow inventory of foreclosures that have yet...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
First, apologies for posting this so late.  A family illness has been creating a time squeeze and although this may be a bit dated, it is good to have a third quarter reference to look back on. Scarsdale NY housing has been in the cross hairs of the housing recession for a while now.  Initially,  it was resistant to the correction taking place in other parts of the country.  Eventually the forces that had hit other parts of the country so dramatically, came home to roost even in the most resilient areas of Westchester.  Real estate values in Scarsdale NY came under prssure as inventories swelled.  The drop was severe. However, some of the numbers show  signs of  a bottom being at hand. Cooperatives: The number of co-ops sold are  down 15% over the previous year.   This is a trend that ...
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By Anthony Stokes-Pereira, Realtor
(Better Homes and Gardens Rand Realty)
COMMUNITY EVENTS by Anthony Stokes Pereira, Better Homes and Gardens Rand Realty  Anthony Stokes Pereira, Better Homes and Gardens Rand Realty is pleased to present this compilation of winter and Holiday events throughout the Hudson Valley. From our family to yours, we wish you a healthy, safe and festive holiday season! Scarsdale, December 6, 1 PM -TRIM THE NATURE TREE Scarsdale, December 6, 1 PM -TRIM THE NATURE TREE - Join senior naturalist Dean Fausel in making tree-trimming treats for our wildlife friends and hanging them on the Center's trees. Members-$3, Non-members-$6 per person. For More information please call (914) 723-3470 or visit www.greenburghnaturecenter.org Important Links Search Open Houses Home Valuator Why you should hire Me as your Realtor Contact Me Anthony Stokes ...
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The 10583 zip code in Westchester County is the zip code for Scarsdale, New York.  There are two Post Offices for this zip code, one in the Village of Scarsdale and another on Central Avenue which is an Annex.  This zip code covers the Town/Village of Scarsdale and then there is the Scarsdale PO as it is known which covers areas in New Rochelle, Greenburgh, White Plains.  There are several school districts where the address of a property can be in Scarsdale but the property is not in the Scarsdale School District but could be in the New Rochelle, White Plains, Ardsley, Greenburgh or Edgemont districts. These statistics cover all of the propeties with a Scarsdale mailing address (Town/Village or Post Office):   Single Family Homes for Sale Active as of November 1, 2009:   211 this inclu...
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By Kevin O'Shea, White Plains, NY Real Estate
(Coldwell Banker)
   E-mail this page  Print this page   Search Criteria Property Type  Single Family    Area  Area 6 Post Office  Scarsdale ZIP  10583 School District  Scarsdale Statuses  Active, Conditional Contract, Pending, Sold (7/1/2009...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
The housing market in Scarsdale is all over the place.  Single family homes took a very heavy hit last year.  Since they took their hit early, they now appear to be in recovery mode.  The same can not be said for neighboring Edgemont which is now taking a drubbing and the cooperative market has also seen some difficulties. Cooperatives: Coops took a big hit this time around.  It is somewhat surprising to see since this entry level type of housing has remained very sturdy and resistant to correction due to high demand.  But it is not immune.   Sales prices for the Scarsdale P.O. are down over 23%.  Less so in desirable areas near the train – such as Garth Rd. But all have taken a hit since the market crash of ‘08.  Sales volume for Q2 2009 is down over 45% with only 18 units sold in Q2....
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
June 13th, 2009 by Ruthmarie Hicks Categories: For Buyers, For Sellers, Scarsdale One of the many issues confronting  first time buyers and  those who want to “downsize” is that many crave having an outdoor space.   Cooperative life isn’t always conducive to having outdoor space, but the coops on Garth Rd. are an exception.  The park that runs behind the Bronx River Parkway side of Garth Rd. creates a wonderful “back yard” for the residents.   For those who crave outdoor space and easy to footpaths.  The area, called the Garth Woods Conservatory offers a quiet oasis from the usual street and village traffic and appears to be popular with many of the residents.  I took advantage of some extra time I had and took a short walk along the Conservatory with my dog Jade.  We ran into several c...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
June 13th, 2009 by Ruthmarie Hicks Categories: For Buyers, For Sellers, Scarsdale One of the many issues confronting  first time buyers and  those who want to “downsize” is that many crave having an outdoor space.   Cooperative life isn’t always conducive to having outdoor space, but the coops on Garth Rd. are an exception.  The park that runs behind the Bronx River Parkway side of Garth Rd. creates a wonderful “back yard” for the residents.   For those who crave outdoor space and easy to footpaths.  The area, called the Garth Woods Conservatory offers a quiet oasis from the usual street and village traffic and appears to be popular with many of the residents.  I took advantage of some extra time I had and took a short walk along the Conservatory with my dog Jade.  We ran into several c...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Much of Scarsdale is in full blown buyer’s market mode. In single family homes, the price drops and inventory issues have been extremely severe. The cooperative market has held up much better. The weakness in single family homes is in part a reflection of the stressed jumbo loan market. Since most homes in the coveted 10583 zip code fall into the high-end category - the market has been dealt a more severe blow than corresponding markets in White Plains and Hartsdale. Scarsdale is a wonderful place to live and qualified buyers should be taking advantage of this rare opportunity. Scarsdale Cooperatives: Coop prices and inventory have remained remarkably stable over the past year with prices dropping less than 1% over the previous year. Volume was down 28% over Q1 of 2008 and the overhang...
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Roaming around the internet this morning I wandered over to Yahoo to check out their Real Estate Section.  I thought I would check out what they have on their site for Scarsdale, New York so I punched it into their search and voila up came 278 "home for sale".  Then I wandered over to Zillow and put in the same search and voila up came 414 properties for Scarsdale.  How can that be?  So on the Zillow site I looked at some of the properties listed for Scarsdale and they had properties in Ardsley, Dobbs Ferry, Eastchester all included even though these properties have different zip codes.  Interesteing. So I went over to Trulia and punched in Scarsdale, New York again and got a completely different number - 314. I got curious and thought I would check out who is right.  What is the correc...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
It may be the dead of winter, but a buyer’s housing market is in full bloom in Scarsdale. Some sales statistics point to one of the best buyers markets for single family homes than has been seen in a very long time. Cooperatives: Coops in the coveted Scarsdale zip code (10583) showed less stress than single family homes. They were one of the bright spots in an otherwise grim quarter. Prices were down a mere 4.6% over the previous year - with an average sales price of $251,000 for the 4th quarter. There was a mild (perhaps insignificant) average price increase of $13,000 from the previous quarter. The number of units sold in 2008 was not significantly different from the 2007 numbers. But there has been a significant inventory increase of 8.4 months reflecting the season and the general ...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
The third quarter residential closing continued to drop for Westchester and Putnam counties below are the status for the 3rd quarter compaired to last year 3rd quarter 2007. Westchester County Single -Dropped - 21% Condo- Dropped-26% Co-op - Dropped - 23% 2-4 Family-dropped- 37% Putnam County Single Family - Dropped - 11 % Condo & Co-op - Dropped-40%   We also see an increase in inventory from last year 3 quarter in 2007 - This year inventory higher than last year: Westchester County: Single - Increase- 112 (2.8%) Condo - Increase-21 (2.2%) Co-op - Increase- 158 (11.9%) Multi Family - Increase- 16(2.0)   In Putnam County we see decrease in inventory for single family homes: Putnam: Single - decrease- 65(6.2%) Condo & co-op - increase- 16(13.8%)
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
  Yonkers is in its final approval on the biggest redevelopment programs in the New York metropolitan area estimated at $1.5 billion dollars, Yonkers is partnering up with struvever fidelco cappelli .     It will included 1,000 new residential units, and million square feet of new commercial and retail space, with entertainment venues and a minor league baseball stadium plus a daylighting of saw mill river. Infrastructure improvement is need from parking structures to new water and sewer lines to the e roadway and traffic improvement. TIF, tax increment financing which has been employed in cities in county to pay for public improvement will also be used in Yonkers redevelopment. This will not burden property taxpayers.      
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Nestled  in the coveted location Garth Road , The Scarswold, a new condominium conversion has been open for business for about a month.  The Scarswold, along with her sister complex, the Craigswald are two of Garth Road’s most distinctive complexes.   Tudor in style,  so popular in the pre-war period, each are one- of-a kind. With finishes and details that can not be replicated today.  Just the detail in the brick work along truly amazing. Behind the complex are beautiful gardens and from there, there there is easy access  to the Bronx River Parkway Reservation  which is 807 acres of linear park  that extends  from the Bronx to the Kensico Dam in Valhalla.  The park runs parallel to both the Bronx River and the Bronx River Parkway. This is fantastic if you have a canine friend to walk. ...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Scarsdale, NY 10583 had  the distinction of  earning the number two spot on CNNMoney.com’s top-earning towns survey in 2007 with a median household income of close to $220,000.  Living in Scarsdale certainly doesn’t come  as cheaply as does in some other municipalities in Westchester   However,  one certainly doesn’t need over $200k in household income to afford one of the wonderful coops on Garth Rd.  A one bedroom coop in Scarsdale can set you back about $200,000 depending on size, condition and complex. My blog on the pet-friendly coop Colchester Hall on Garth Road gives a good overview about the entry level cost of living in Scarsdale. The coops on Garth road offer peace and quiet with an easy walk to the Scarsdale Station making for a very easy commute to Grand Central Station.  Fr...
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Single Family Homes in the Scarsdale School District. Prices have adjusted and based on the days on market and a shorter selling period that sellers are adjusting their prices.January 1 - February 29, 200814 Houses Sold in the Scarsdale School DistrictAverage price was $1,323,429Median price was $1,284,500Days on Market was 170January 1 - February 28, 200719 Houses Sold in the Scarsdale School DistrictAverage Price was $1,831,884Median price was $1,375,000Days on Market were 195January 1 - February 28, 200625 Houses Sold in the Scarsdale School DistrictAverage Prices was $1,782,410Median price was $1,529,000Days on Market were 160Disclaimer:  These statistics were prepared by me using the Westchester MLS.  These numbers were not prepared by the Westchester MLS.     Miriam Bernstein, CRS...
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By Ruthmarie Hicks
(Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605)
Garth Road in Scarsdale, NY is famous for its coop units.  Many people come to me with a specific request for a unit on  Garth Rd.  Located right off the Bronx River Parkway and just steps from the Scarsdale Train Station, it is easy to understand why.  Garth Rd. is convenient to the Village of Scarsdale and all it has to offer.  With high –end shopping and first class dining.  Being able to leave the car and walk a block or two to the train also holds an enormous advantage.  The city is just steps to the train and a 30 minute ride while the hustle and bustle of downtown White Plains, NY, with the City Center, Westchester Mall, and Ritz Carlton are just about 10 minutes away by car.  So any way you look at it, fine dining, high-end shopping, and first class cultural activities are close...
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