Inline with the widely reported nationwide rebound of the luxury real estate market, Westchester County has seen an uptick in high end property closings since the beginning of the year. Twelve single family homes closed for more than $3 million in the first four months of the year, five of them in April 2010 alone. That’s a 500% increase compared to the same period last year, when only two properties priced over $3 million closed. In the last quarter of 2009, 6 single family homes closed for more than $3 million.
The most expensive property to be sold this year is a 6,900 square foot mansion located at 40-44 Broad Brook Road in Bedford Hills. It closed for $9.5 million in January 2010, up $1.2 million from what the seller paid for it in August 2007. The property boasts 6 bedrooms and 6.5 bathrooms and was renovated by Irish artisans, according to the listing (Redfin).
Just shy of the $9.5 million paid for the Broad Brook Road property was Barry Gosin’s purchase of the 617 Croton Lake Road estate. The Newmark Knight Frank CEO paid $9,400,000 for a 26-acre parcel that includes several residences, according to The Real Deal.
The third highest price so far this year in Westchester County was $7.8 million, paid for a single family home in Bedford. The property located at 646 Harrison Road was purchased in March 2010 by Richard Zinman, a top-ranked broker at Credit Suisse. The property was featured on NBC’s Open House NY and had an original asking price of $8,250,000.