Dear Neighbor,

The Covid-frenzied real estate market depleted the Sharon housing stock so significantly that despite the ebbing of the pandemic, the market has yet to stabilize. At this point a year ago there were only 7 homes available for sale in Sharon. Today is slightly better with 11 residential homes for sale.

There were only 48 residential sales in Sharon, 45 fewer home sales noted in our letter last year. This dramatic drop is not due to a lack of interest, but a lack of inventory along with the confluence of inflation and increased mortgage rates, all of which has buyers hesitating. There are 4 homes in contract presently.

Yet it is unlikely that this "breather" is going to enable the market to restock. Despite fewer listings, economic queasiness and buyers' pausing, the desire to live in Sharon is strong. Sales are brisk and competition is fierce when a well-priced house comes to market.

If you are interested in selling, this market period is still optimal for obtaining a strong value for your property. Let us know.

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

15 Low Rd                                                     4/22/2022           $240,000 –

Center of town 1835 farmhouse on a .11 acre yard! The interior has 1200 sq ft with hardwood floors throughout the main floor. There are 2 bedrooms and 1 bath with a spacious kitchen with a door to the outside.  

55 Hospital Hill Rd                                        11/4/2021           $160,000 –

This 1880 Victorian comes with a large covered front porch and nice sized yard. Contains 3 bedrooms, 1 bath in over 1600 sq ft. Needed updating.

91 Main St                                                      12/10/2021         $555,000 –

I listed this investment property, a beautiful Colonial that has graced the Green for nearly 200 years. Restored by design firm Hendricks-Churchill, the two, 2-bedroom apartments feature granite counter tops, stainless appliances, renovated bathrooms and restored wood flooring. 

25 W. Main St                                                10/4/2022           $495,000

My associate Toni Soule and I sold this mixed use 1800's Colonial. Fully leased with good income and strong tenancy, it has 3211 effective gross sq ft with parking.  Both main floor office and second floor apartment were upgraded with bathrooms and new kitchen for the apartment.

15 Main St                                                      6/21/2021           $757,500 –

Village Green Center hall Colonial tastefully renovated. Maintaining over 2000 sq ft, this 3 bedroom, 2.5 bath home was built in 1965 and sits on a half acre.

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62 Upper Main St                                          6/15/2021           $817,600 –

The Brownell House on the Green was once a boarding school in the mid-1800s. This antique colonial features 5 bedrooms, 3 baths and 5 fireplaces. Period details add charm to this gracious home. If you may recall, this house sold less than a year earlier for $817,500.

8 Upper Main St, Unit #16                           9/21/2022           $175,000 –

This two bedroom, two bathroom condominium unit comes with a large living room, fireplace and sliding doors to the deck/yard area. Also included is a one-car detached garage.

4 Upper Main St, Unit #3                             12/16/2021         $225,000 –

A 2017 renovation of floors, kitchen, baths and porch updated this 1206 sq ft condominium. There are two bedrooms and two baths and a fireplace in the living room.

4 Upper Main St, Unit #6                             5/5/2022             $240,000 –

Bain agents Elisa Waysenson and Toni Soule sold this spacious two bedroom, two bath end-unit condo. The deck overlooks private woods. Main floor unit with central air conditioning and detached garage.

1 Great Elm Dr #3                                        4/18/2022           $749,000 –

First floor 2100 sq ft condo with nicely renovated kitchen and baths, high ceilings, well crafted molding and beautiful fireplace. Each of the 2 bedrooms has an attached full bath. The 2 bluestone terraces overlook pool, tennis and paddle tennis courts within manicured landscaping.

36 Great Elm Dr                                           11/2/2021           $1,800,000 –

Built in 1987 this home includes over 3770 sq ft with a first floor primary bedroom suite. Western views from the living room. There are 5 bedrooms, all told, with 2 bedrooms in an In-Law Apartment with a full kitchen. Includes a 3-acre level lawn plus the Great Elm amenities.

25 Amenia Union Rd                                    1/21/2022           $1,675,000 –

In 2019 a complete renovation to this 1968 home was done. An ultra-modern kitchen luxurious primary suite with a gleaming master bath, two wood-burning fireplaces, a private library and complete studio/gym were a number of the improvements. The 4 bedroom, 3.5 bathroom home offers over 3700 sq ft on a private 3.4 acre parcel overlooking the Sharon Country Club.

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.

Have a Safe and Happy Winter!

Chris Garrity

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