Get new listings emailed daily! SIGN UP LOGIN
Bain Real Estate - Market Update Home

rss logo RSS Feed
Bulls Bridge | 4 Posts
Cornwall Bridge | 6 Posts
Cornwall Hollow | 4 Posts
Cream Hill | 5 Posts
East Cornwall | 5 Posts
East Warren | 5 Posts
Ellsworth | 5 Posts
Kent Hollow | 4 Posts
Kent Village | 4 Posts
Long Mountain | 2 Posts
Merryall | 2 Posts
Mid Cornwall | 5 Posts
Mudge Pond | 5 Posts
Route 7 South | 3 Posts
Segar Mountain | 6 Posts
Sharon Mountain | 4 Posts
Sharon Village | 5 Posts
Silver Lake | 5 Posts
Skiff Mountain | 4 Posts
South Kent | 3 Posts
Spectacle Lakes | 5 Posts
Waramaug | 5 Posts
West Cornwall | 7 Posts
West Warren | 5 Posts
Westwoods | 4 Posts
White Hollow | 4 Posts
September
1

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Summer is fading so it's our time to reflect on the real estate market over the previous 12 months and how it has fared nationally, regionally, town wide and even down to your neighborhood.

Nationally the main urban centers are doing quite well. They are the drivers of the economy and by extension real estate sales. In Connecticut we are seeing a stable market with sales reflecting national trends. Foreclosures are ebbing from the historical highs of only a few years ago. The local real estate market was strong in the first quarter of 2015 but quickly evaporated during the summer months. Yet the data shows that the last 12 months has been a bit stronger than the previous in Sharon. In the last 365 days there have been 49 sales transactions in Sharon four more than the year prior. As one can see the average sales price has decreased slightly and yet the average square foot price has increased. To provide perspective in 2011 there were 43 sales and in 2012 there were 37 home sales transactions.

Closed (45) Sharon Sept. 9, 2013- Sept. 9, 2014

 

 

Bed

Bath

SqFt

List Price

LP$/SqFt

Sale Price

SP$/SqFt

SP/LP

Days

Min

1

1

644

$109,900

$85.71

$50,000

$53.23

.43478

4

Max

9

6

1,205

$6,650,000

$954.8

$6,137,500

$764.67

1.03139

689

Avg

3

3

2,659

$793,931

$242.6

$698,105

$213.07

.87804

183

Median

3

3

2,316

$499,000

$208.7

$453,750

$182.45

.90476

149

Sum

 

 

 

$35,726,900

 

$31,414,719

 

 

 

 

Closed (49) Sharon Sept. 9, 2014- Sept. 9, 2015

 

 

Beds

Baths

SqFt

List Price

LP$/SqFt

Sale Price

SP$/SqFt

SP/LP

Days

Min

 

 

576

$50,000

$28.50

$40,000

$27.12

.58632

 

Max

6

6

6,469

$3,950,000

$1,562.50

$3,400,000

$1,500.00

1.22839

931

Avg

3

2

2,415

$745,108

$264.57

$654,166

$235.68

.89503

186

Median

3

2

2,016

$299,000

$193.83

$280,000

$173.61

.8952

130

Sum

 

 

 

$36,510,300

 

$32,054,150

 

 

 

 

Here is what has happened in your neighborhood.

The lake was beautiful this summer and active certainly at the Town's lakefront. My daughter Hazel was a lifeguard and enjoyed working at the beach.

Not far from the beach 39 Minneluta Trail recently sold for $83,500. This 672 sq. ft. home with an enclosed porch has 2 bedrooms and one bathroom. The year round home is sited on .69 acres of land.

Down on the south side of the lake we were also busy. Drew Holland, my associate, assisted the buyers of 50 Highland Road. This home was bank owned and in fairly good repair with a new roof and painted interior. The home was built in 1987 and has nearly 1300 sq. ft. with four bedrooms and two full bathrooms. The house is sited on .17 acres and has a nice yard. It closed at $160,000.

134 Cedar Road is listed with us. This starter needs tender love and attention but has a large lot of .80 acres with a garage and tons of potential. There are 2 bedrooms and one bathroom in this 716 sq. ft. home built in 1974. It is listed for $95,000.

Another affordable home recently sold. 55 Douglas Road sold for $40,000. Requiring considerable renovation, this cute cottage has a nice yard and two bedrooms, one bath in 567 sq.ft. The kitchen has been updated and the price was right.

Ethan Watt, our newest agent and Sharon native, just listed 5 Cedar Road for $179,900.

This is a really nice log cabin built in 1990. This home is in immaculate condition. There are two bedrooms plus a loft room as well as a nice bathroom. The open kitchen living room has 15 foot ceilings. A large wrap around deck is accessed from the sliding glass doors off the kitchen. Pellet stove keeps the place warm. There is a full basement that can be finished. Two barns and a large open yard are featured outside on the .46 acre lot.

To provide you with more information these letters are archived on our website: www.bainrealestate.com. Look for "Neighborhood Sold Stats" on the home page. There you will find other Sharon neighborhood letters. We have also added all the houses for sale in Sharon and surrounding towns that are in the MLS system to our website! This means that you need only to go to our site to find any and all the properties in your neighborhood, Sharon or the fourteen towns we serve. We have also added videos to our site to improve and sharpen the marketing of homes. Video is the medium our customers are used to so we are on the cutting edge and the only ones using them in the area. Please check them out! If you have any questions, give us a call and we'll let you know about properties in the neighborhood! And until then be well and enjoy the onset of autumn.

 

Respectfully,

Chris Garrity

David Bain

& the Sharon office- Jen Luning, Michele Pastre, Joanie Yahn, Ethan Watt & David Almquist

 

 

Please note that not all listings and sales transactions are through David Bain Real Estate

 

 

This graph shows the number of successful transactions

in our key towns of Cornwall, Kent and Sharon in 2014