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 | 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
October
5

 

Dear Neighbor,

Over the last two years, the Covid-driven sales have reduced the available housing stock so significantly that it has skewed the typical balance of the local market.

 

The lopsided market has affected the number of transactions in Sharon. In the last twelve months, there were 49 sales, considerably fewer home sales than in 2021. This dramatic drop is not due to lack of interest, but lack of inventory.

 

Because of this imbalance we see some buyers and sellers on the sidelines waiting. With the confluence of inflation, lack of inventory, increased mortgage rates and Covid concerns waning, there is a slight pause or hesitation in the market. Hopefully, this breather will allow some restocking of houses and back to a more balanced market.

 

There are 9 homes in contract presently and 13 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competition is fierce when a well-priced house comes to market.

 

Below is a condensed version of what has sold in your neighborhood in the last year:

281 Millerton Road                                       5/17/2022           $1,200,000

This newly constructed home with a modern touch has an open floor plan of kitchen, dining and living room all with sunset views across Indian Lake. The oversized living room doors open to the bluestone patio and a lake front deck.  The kitchen offers top quality appliances and considerable storage.  Two en-suite bedrooms each with lux bathrooms plus an office share the upper level with the primary bedroom that has large windows maximizing the impressive views of the lake.

 

246 Millerton Road                                       8/31/2021           $900,000

Sited well up in an old 3 acre farm field, this home has expansive western view out over Indian Lake. Entailing 3,395 sq ft of living space is the home centered on the open living/kitchen and dining area.  The 4 bedroom, 3.5 bathroom house has a wall of windows and doors open to outdoor spaces.

 

Lot 18/19 Minneluta Trail                            11/20/2021         $45,000

Two contiguous small parcels were purchased by a neighbor.

 

289 Low Road                                               9/28/2021           $789,000

I listed this 3 bedroom, 3.5 bathroom Colonial Farmhouse with sweeping views of the famed Twin Oaks Preserve. Constructed in 2004 it has 9' ceilings, crown molding, and honey hued wide pine floors. The open family kitchen has gas range, center-island, and soapstone counters. Off the kitchen is a large screened porch offering sunset views. The primary bedroom and bath has views over the Sharon Land Trust. The back yard pond is surrounded by an open and level lawn on the 5 acre property.

 

6 Dug Road                                                    5/28/2021           $1,185,000

This modern farmhouse built in 1986 was designed by architect Turner Brooks with two wings that expand off the homes central core. One wing holds 2 bedrooms and 2 baths including a first floor primary suite. The second includes a large studio/entertainment space with a full bath and office loft above. The central core of the home offers open living room, dining room, and kitchen with western views of countryside from curved living room windows. The second floor provides an additional primary bedroom suite, offering an oversized window that captures the lovely view.

147 Millerton Road                                       1/31/2022           $204,000

This 12 acre parcel was sold to between neighbors. This parcel was then added to the purchaser's existing land holdings. 

 

69 Mudge Pond Road                                   4/19/2022           $1,700,000

This 6,000 sq ft converted dairy barn sits high above the western shore of Mudge Pond. The exposed wooden barn beams, soaring ceilings, wide board floors, and wood-burning fireplace are all part of the allure of this 5 bedroom, 4 full and 2 half bath main residence. All the rooms on the main level offer views to the lake, including the primary suite which includes a fireplace and double French doors that open to a private patio. The kitchen, with ample seating inside as well as on the patio, is equipped with professional grade appliances. This estate includes a 1 bedroom lake side guesthouse and a 2 bedroom guesthouse abutting the Land Trust, both with views over their 8 acres.

 

8 Holland Road                                             FOR SALE       $395,000

I have recently listed this sweet cottage on .79 gardened acres. Built in 1976 the 2 bedroom, 2 bathroom home offers oak flooring, renovated kitchen and large windows to a lovely view.

3 Holland Road                                             10/5/2021           $300,000

This small house of under 1,000 sq ft was unfinished when it was purchased.  Sited on .22 acres of land, the home has a nice level yard.

 

292 Gay Street                                               3/30/2022           $750,000

Built in 2002 this 3,500 sq ft home was sited to capture views of Salisbury's Selleck Hill and the Berkshires to the north. With 4 bedrooms and 3 bathrooms, the home features cathedral ceilings and a wood burning fireplace. The living room is open to the dining room and large kitchen. The main floor primary suite is in its own private wing. The 3-bay garage is heated and includes a workshop. The property includes a separate .83 acre building lot.

 

The market is still very brisk with only 11 homes listed in all of Sharon and 5 homes in contract to sell.  For those considering selling, it's the perfect time. We only caution that you have a place to relocate to.  So if we can assist, call us, stop by the office or visit our website at www.bainrealestate.com.  Lastly, we are able to send this letter out digitally, so email us and we will add you to the list.

With only 15 homes listed in all of Sharon the need for listings is critical. For those considering selling, it's the perfect time. So call us to get a perspective on your home's value and visit our website at www.bainrealestate.com. Lastly, we are able to send this letter out digitally, so email us and we will add you to the list.

 

We hope you are well and keep strong spirits. We feel so fortunate to be here, to continue working and thriving in this very curious time. Thank you.

 

Have a Safe and Healthy Autumn!

 

 

Chris Garrity

 

David Bain & Associates-Toni Soule, Debbie Bain, Erin Hull, Amy Danis, Amy Longley, Heidi Kearns, Victoria Colombatto and Elisa Waysenson.