There's not much inventory on the market like your property. Because of this, I would suggest you list your property "As Is" and let the offers come in, then you can decide which one to pick from. This situation could work in your favor, as we can list your property in the price range from $3m - $3.2m, attract multiple showings, and hopefully create a competitive bidding environment. The best way to find our sweet spot is to present it to serious buyers to gauge their offers. Once we launch on the market, we can assess our approach after one week to see if our pricing is on point, ensuring we maximize your returns.
To accelerate the sale, we must engage genuinely interested buyers. This can be accomplished by listing on the MLS, promoting through top local brokers' sites, and directly contacting their clients via email.
I recommend starting with this price. If we don't receive any viewings or favorable offers in the next few weeks, we can reevaluate our pricing strategy.
Provided below is the expected price range for selling your property.
Naturally, this is merely a ballpark figure and may fluctuate higher or lower, depending on any refurbishing or enhancements you've made to make the property market-ready.
Below is a summary of the ARV comps that I was able to find
### Recent Home Sales near 462 Bedford Rd, Armonk, NY:
1. **462 Bedford Rd, Armonk, NY 10504**
- **Currently Listed**: $3,199,999 (originally $2,999,999)
- **Size**: 4,000 sq ft
- **Details**: 3 beds, 4 baths, built in 2024, on 2 acres
- **Features**: High ceilings, open layout, gunite pool, bluestone patio
2. **10 Leisure Farm Drive, Armonk, NY 10504**
- **Sold for**: $2,895,000
- **Size**: 5,767 sq ft
- **Details**: 4 beds, 5 baths, on 1.23 acres
3. **4 Hemlock Hollow Place, Armonk, NY 10504**
- **Sold for**: $1,695,000
- **Size**: 4,280 sq ft
- **Details**: 4 beds, 5 baths
4. **20 Byram Brook Place, Armonk, NY 10504**
- **Sold for**: $1,312,444
- **Size**: 2,978 sq ft
- **Details**: 4 beds, 3 baths
### Current Market Trends for 4,000 sqft Homes in Armonk, NY:
1. **Pricing**:
- **Average Home Value in Armonk**: $1,541,954 (up 8.5% over the past year)
- **4,000 sqft Home at 462 Bedford Rd**: Listed for $3,199,999
- **3,950 sqft Home at 32-4 Orchard Drive**: Listed for $2,695,000
- **4,692 sqft Home at 122 Old Mount Kisco Road**: Listed for $2,500,000
2. **Inventory**:
- **Current Homes for Sale in Armonk**: 45
- **Average Days on Market**: 38.5 days
3. **Sale Prices**:
- **Median Sale Price in Armonk**: $1.0 million in January 2025 (down 23.8% compared to the previous year)
4. **Price per Square Foot**:
- **Median Sale Price per Square Foot**: $397 (down 5.0% since last year)
5. **Market Competitiveness**:
- Some homes receive multiple offers.
- **Hot Homes**: Can sell for about 11% above list price and go pending in around 15 days.
6. **New Construction**:
- **New Home Construction Activity**: Increased with quick move-in supply up 18.9% compared to last year.
7. **Buyer Interest**:
- **Local Demand**: 70% of Armonk homebuyers searched to stay within the metropolitan area.
### Summary:
While the general Armonk market has seen some price decreases, larger luxury homes around 4,000 sqft still command premium prices, typically in the $2.5 million to $3.2 million range based on the available listings. The property at 462 Bedford Rd is listed at the higher end of this range, reflecting its new construction and premium features.
Best,
Ari Lee