Ok – So I admit it, I have been so busy revamping parts of my website and redoing my database that I am shockingly late on market reports for the area for Q2. Being true to my pathetically geeky self – I don’t just pull the stats from the MLS because I feel that local differences are very important in this market – so all the data is actually culled by me personally…Think of it as knitting your own sweater by hand vs. buying it off the rack and hopefully you will consider the numbers worth the wait.
First up are Scarsdale houses. In general, Scarsdale real estate is very resilient. The Scarsdale single-family home market is no exception. When I refer to Scarsdale in the SF home market, I am directly referring to the town (municipality) of Scarsdale which includes homes only within the Scarsdale schools. The Scarsdale PO which includes areas such as Edgemont, and parts of Yonkers and Eastchester are a market unto themselves.
A Scarsdale house has done very well over the past 2 years. Median price was $1,113,000 in Q2 of 2009 at the height of the bear market and has risen steadily through 2010 and 2011 to $1,295,000 and $1, 468,000 respectively. That’s a nice 13% increase over Q2 2010 – not bad for a big bad bear market!
Sales volume has taken a similar path with volume rising steadily – totally shaking off the ending of the tax credit. going from 36 total sales in Q2 2009, to 44 sales in 2010 and 61 sales in 2011. Once again – not bad for a bear market. Scarsdale houses have pretty much shrugged off the bear.
With almost all sings bullish – this is a strong market and buyers have to be realistic if they want to buy into this market.
©2011 – Ruthmarie G. Hicks – https://thewestchesterview.com – All rights reserved.
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