After a good jobs report today, how about some good Scarsdale Housing Market news?
Compared to the slow market in Sept and Oct of 2018 (20 sales), sales during the same period in 2019 have just about returned to their historical norm with 36 sales, up 80% vs. last year.
While, in Sept 2019, 79% of the homes (14 of 19) sold below $1.5M, in October 2019, sales were more distributed by price point, with only 47% of homes (8 of 17) selling below $1.5M. Furthermore, in October 2019, 8 homes sold above $2M, which was more than the sales in October in any of the last four years and 7 more than last year.
Given the small sample sizes, which could skew the data, I am not providing $/sq.ft. data.
Lastly, as of November 1, 2019, inventory was 125, down 15% from last year’s inventory of 147, and up vs. 2016 and 2017.