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Date Archives: November 2019

Bain Real Estate - Market Update Home

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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 | 4 Posts
Silver Lake | 5 Posts
Skiff Mountain | 4 Posts
South Kent | 3 Posts
Spectacle Lakes | 5 Posts
Waramaug | 4 Posts
West Cornwall | 7 Posts
West Warren | 5 Posts
Westwoods | 4 Posts
White Hollow | 4 Posts
November
5

Bain Real Estate 2019 November Mudge Pond Market Report.

 

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP

The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales.  There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009.

 

That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.

 

In fact, in 2009 of the 20 houses that sold 14 of them had at least one significant price reduction and only 6 houses sold without reducing their price prior to selling. Then the average sales price on 20 transactions was $700,000. And the number of days on the market average was 174 days.

 

In the last twelve months, however, 49 houses have sold with 24 homes reducing their price at least once before selling and 22 closed for their initial asking price.  The average sales price was $500,000 from 49 sales. The average it took to sell these homes dropped to 154 days on market.

 

This positive upward trend over the last 10 years seems to indicate+ that sellers have reacted well to pricing their homes appropriately as demanded by the market.  And the results in your neighborhood are as follows.

 

  10 Holland Road – Closed $105,000

We sold this lovely but small cabin that has a new roof.

 It took 225 days to sell and came to the market originally listed for $150,000

 

 

121 Mudge Pond Rd- For Sale $125,000

1920 home on approximately 1 acre in need of considerable repairs and updating.

Frontage on Mudge Pond with boathouse.

 

                                                                

230 Mudge Pond Rd. Sold- $1,371,000

Views over Sharon Twin Oaks Preserve.

This 4-bedroom, 3.5-bath colonial set atop 6+ acres of field, and pool.

First floor master suite plus a separate studio.

 

 

11 Rolling Hills Drive Sold-$765,000

3 bedroom, 3 bath modern country home with an eat-in chef's kitchen.

 Three fireplaces, a wrap around blue stone pergola and a heated gunite pool.

2.50 acres.  Sold in 41 days!

 

  

240 Gay Street- Sold- $645,000

4 bedroom 1929 farmhouse that was renovated in 2010.

 Large country kitchen offers farmer's sink, marble counters and top appliances.

Sited on 2 acres of farm fields with views.

Studio-plus 40 x 30 barn with 20' height.

 

 

234 Gay Street- Sold- $600,000

Grand View Farm, a 1920 cross-gabled converted barn on 28+ acres of meadows,

 horse paddocks, and pond.

 Antique exposed beams, wide plank floors.

Stainless kitchen appliances, marble counters and ample cabinetry. 

 3 bedrooms and 2 baths. Lower level has horse stalls, basement and garage space.

 

36 Gay Street was a private sale closing at $130,000.  922 sq ft with 2 beds, 1 bath on .44 acres.

 

There are a few other offerings in the neighborhood and town so to keep in touch with these happenings or other areas in the NW Corner, visit on our website, www.bainrealestate.com.

Feel free to Like and Follow us on Facebook and Instagram.

 

 

Cheers,

Chris Garrity,

David Bain & Associates

Toni Soule, Marilyn DeVos, Karen Grimaldi, David Hurlburt, Heidi Kearns, Priscilla and Asher Pavel

 

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

 

 

 

November
2

Bain Real Estate 2019 November Cornwall Bridge Market Report

PLEASE CLICK  HERE TO SEE THE MAP

 

Dear Neighbor,

 

 

The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales.  There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009. That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.

 

In fact, in 2009 of the 20 houses that sold 14 of them had at least one significant price reduction and only 6 houses sold without reducing their price prior to selling. Then the average sales price on 20 transactions was $700,000. And the number of days on the market average was 174 days.

 

In the last twelve months, however, 49 houses have sold with 24 homes reducing their price at least once before selling and 22 closed for their initial asking price.  The average sales price was $500,000 from 49 sales. The average it took to sell these homes dropped to 154 days on market.

 

There are 8 homes in contract presently. There were four property transfers that were not on the public market.  Here are the sales that happened in the last 12 months.

 

An undeveloped 10.87 acre parcel with frontage on both Northrup and Silver Hill Roads with stone walls and rock outcroppings sold. Septic testing has been completed. It sold for $100,000 after being on the market for four years and originally listed for $275

  6 Silver Hill        Sold- $250,000

This barn style home offers 3 bedrooms and 2 baths in 1040 sq. ft of living space

Set on a wooded 2 acres, the main living is on the second level.

It had been on and off the market for the last 6 years.

 

 

  14 Silver Hill        Sold-$300,000

Offering 3 bedrooms, 3 baths, the master has a full bath & walk-in closet.

Native stone fireplace anchors the living room which opens to an enclosed porch.

Set on 3.79 acres.  It has a 3 car garage and shares a driveway.

Original list was $539,000 and spent 396 days on the market over the last two years.

                                                          

 

539 Cornwall Bridge Rd.  Sold-$329,000

Built in 1994, this log home offers 4 bedrooms with 2 full baths

and 2 half bathrooms in 1296 sq. ft.

Set on over 3 acres and right atop a brook

It is private, has a deck and a barn.

Listed for $339,000. It sold within 30 days.

 

2 Route 7 is a commercial building known

As Nora's Nursery and has sold privately for $165,000

 The property is presently being

renovated. It had been on the market in prior years.

 

34 River Road          Sold-$395,000.

"Dogwood" an 1850 1-bedroom, 1 bath 975 sq. ft. converted barn overlooks a

brook on 4.43 acres. Great room has 20' ceilings and a wall of windows

Painted cabinets, concrete counters & stainless appliances.

Three season heated porch. Listed at $437,500 for only 82 days.

   

There are a few other offerings in the neighborhood and town so to keep in touch with these happenings or other areas in the NW Corner, visit on our website, www.bainrealestate.com .

Feel free to Like and Follow us on Facebook and Instagram.

 

Cheers,

Chris Garrity,

David Bain & Associates

Toni Soule, Marilyn DeVos, Karen Grimaldi, David Hurlburt, Heidi Kearns, Priscilla and Asher Pavel

 

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