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Bain Real Estate Sharon Mountain 2014 March Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
The Sharon real estate market is continuing the momentum that began in 2013. In the last 12 months the market has seen an increase in activity and sales. There were 40 sales transactions in the last year, 5 more sales over the previous 12 months.
Nationally we are seeing an increase in sales with the Northeastern section of America gaining over 7% in house sales and a 5.5% increase in prices from last year.
Our local real estate market is more active, and getting healthier incrementally as well. Values are solidifying as we see year over year stability in the sales to list price ratio. We also see the Days On Market (ADOM) dropping by two months on average. We, at Bain had another productive year with very strong sales and we appreciate both your continued support and ongoing trust.
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Sharon 2013-Sales |
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Sharon 2012-Sales |
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There are presently 57 homes on the market in Sharon which is approximately the figure we had a year ago. Yet, while buyer confidence grows the pool of prospects is still historically lower. To keep the interest of the buyers, proper pricing is still critical. There are presently 7 properties in contract to sell in Sharon- one here on Sharon Mountain. You've heard it before; a well priced house gets the buyer's attention. Here is what sold!
This first property is an example of the return of the real estate market. It was sold, as reported in last year's letter for $360,000 out of foreclosure. A builder bought it, fixed it up, listed it for $650,000 and sold it for $620,000 last September. The new owner held it for a month and put it back on the market for $685,000 and it promptly sold for $655,000 in December.
Here is what has transpired in the last 12 months in your neighborhood.
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429 Cornwall Bridge Rd Price: $650,000 Sold:$620,000 |
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Sold:Sept 2013 DOM: 29 Comments: Builder improved home with new appliances and bath fixtures. |
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429 Cornwall Bridge Rd Price: $685,000 Sold:$655,000 |
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DOM: 10 Comments: Newly renovated. Mint condition. |
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27 Red Horse Hill Sold at:$510,000 |
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Price: $595,000 DOM: 56 Comments: Needs complete renovation & structural issues. Private views and greenhouse |
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Lot-Red Horse Hill Sold:$80,000 |
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Price: $110,000 DOM: 2 |
NO PICTURE
Vacant Land |
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70 Bowne Road Sold at:$249,900 |
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Price: $274,900 DOM: 161 Comments: Private. New furnace, wood floors, 2 car garage. |
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100 Sharon Mtn Rd Sold at:$180,000 |
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Price: $210,000 DOM: 110
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90 Sharon Mtn Rd Sold at:$467,500 |
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Price: $695,000 DOM: 450 Acres:15 Beds:2/ Baths:1 |
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40 Sharon Mountain Sold at:$617,800 |
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Price: Not on Market DOM: NA |
NO PICTURE Comments: 2362 sq. ft. antique colonial farmhouse with a lower than average rating from the assessor. Distant views and open and wooded parcel of land. |
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339 Cornwall Brdg. Rd Sold at:$290,000 |
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Price: $319,000 Acres:1.74
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Lot -Butter Road Sold at:$100,000 |
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Price: $145,000 DOM: 264 |
NO PICTURE Comments: Cleared wood lot with views and privacy. Long driveway access to site. |
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74 Sharon Mountain Rd Sold at:$555,000 |
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Price: $589,500 DOM: 350 Comments: Country home with Swedish stoves, 2 fireplaces, pool and open floor plan & open land |
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16 Jackson Hill Road Sold at:$590,000 |
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Price: $649,000 Comments: 1500 sq. ft. Contemporary home in exceptional condition. Screened porches, balcony views. |
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270 Cornwall Brdg. Rd Sold at:$156,000 |
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Price: $170,000 Comments: Ranch requiring updating of kitchen/baths. Oak flooring, fireplace and storage barn. |
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All of the current Sharon listings can be seen on our website www.bainrealestate.com. I encourage you to visit it. It's loaded with information about listings, sales, our towns and these letters (see Neighborhood Stats). There is also a way there to get direct email posting of new listings as they hit the market.
And if you know anyone thinking of selling their property, we would like the opportunity to talk to them about our marketing. Thanks. I'll write again in a year to let you know what's happened.
Respectfully,
Chris Garrity
David Bain
And the Sharon office- Sam FitzGerald and David Almquist