Posts from January 8th, 2018

Bain Real Estate West Cornwall 2017 December Market Report.

Please Click Here To See The Map

Dear Neighbor,

In the last 12 months there have been 55 residential sales in Sharon compared to 48 the previous 12 months.  We have been averaging 50 residential house sales in the last 3 years revealing a trend that is now back to pre-2008 levels.  Presently there are 65 house listings for sale in Sharon and that is 10 more than the previous year's offerings.  The fourth quarter of 2017 has been spotty with 16 sales and 6 pending sales but compared with 4^th quarter 2016 -18 sales-it still trending in the positive direction.

Here are the average statistics for the last two years sales:

2015-2016 Sales: Closed (48)

2016-2017 Sales: Closed (55)

We seem to have reached a more balanced supply and demand which has now evolved into a more normalized market.  While it is still imperative to list your home at an attractive price, there are now more buyers interested in owning a home here in Sharon. Also encouraging is the fact that there are 2 land sales in contract presently and last year saw 5 land sales. 

Here is what has transpired in the West Cornwall Road area this past year:

9 Birch Lane

This privately sited Contemporary Cape offers a rural retreat. Large windows invite the natural light inside while a wrap around deck offers ample room to be outside. Close to State Forest ensure the privacy. There are 3 bedrooms, 2 full baths in this 1400 sq. ft. home and though only built in 2000 the house has been updated including a new bathroom with a jet tub, new kitchen, wood flooring and recessed lighting. The lower level has the potential of additional living space. The 4 acres are level with some partly cleared woods. This home had been on and off the market for over 3 years starting at $427,000.  Final asking price was $329,000 with a sale at $309,000.

201 West Cornwall Road

Charming 1900's cottage with 1940 sq. ft. and spectacular views over the Housatonic River Valley.  The open floor plan and large widows take full advantage of the views. The library has the original stone fireplace and fir flooring. Second floor balcony wraps around the interior of the house and the cathedral ceiling at the center. There are 4 bedrooms and 2 full baths. An exterior deck wraps around the house and there is a 2 car detached garage. Set on 3 acres that slopes to the east to maintain the views.  Listed for $330,000 and sold for $320,000.

209 West Cornwall Road

Another country Cottage sited next to a babbling brook with seasonal views and complete privacy offers 2 bedrooms and one bath.  There is a living room and dining room open floor plan with a native stone fireplace, wood floors and paneling. Built in the 1960's this house offers 1200 sq. ft. of character with an updated kitchen. There is also a large 3 season porch with access to stone patio overlooking mature gardens and trees. It was listed for 466 days and sold for $297,500 after a number of price reductions.

West Cornwall Road

I sold this large private parcel with the building site set well off the road. Driveway roughed in to the building site that is cleared and offers long and pretty views to the south-east.  The 26 acre property abuts larger parcels as well as the State Forest. It was on the market for nearly two years before closing for $195,000.

And here is what we have for sale:

240 West Cornwall Road

This charming early 1800's antique cottage is livable with plenty of ways to add your own personal touches to this simple 1037 sq. ft. home.  There are 2 bedrooms and 1 bathroom, antique floor boards with nice patina.  Set on 2 acres of land it is listed for $159,000.

All our letters are archived on: www.bainrealestate.com under "Neighborhood Sold Stats" on the home page.  Every house for sale in Sharon and surrounding towns in the MLS system is on our website. We include videos on our site as well to improve and sharpen the marketing of homes.  Video is the medium our customers desire so we are on the cutting edge and the only ones using them in the area.  If you have any questions, give us a call and we'll let you know about properties in the neighborhood!  And to you, friends and family have a wonderful holiday season!

Respectfully,

Chris Garrity

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

 Bain Real Estate Cornwall Village 2017 December Market Report

PLEASE CLICK HERE TO SEE THE MAP

We are in the midst of the holidays, following a lovely Fall season. Winter has arrived in a

friendly, frosty way. The Mohawk Trails are covered with snow and ski season is underway!

Last year at this time we reported 7 sales with 43 houses for sale. This year we are reporting 5

sales but only 29 houses currently for sale in Cornwall. The market has gotten a bit more restrictive with fewer homes being offered.  This constriction, we predict, will only help to tighten values in the next few years.

While many of our residential sales in the recent past have sold below the Cornwall Town...

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