Posts in category 'Sharon Cornwall Bridge'

Dear Neighbor,

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The strengthening of real estate market has been increasing for two years as seen in the diminishing inventory of homes for sale.  In 2015 there were 70 houses available for sale in Sharon. Today we have 59 residential homes available in this spring market.  So, of course we need more listings-so if you are considering selling, call us.

Equally brisk are sales with 47 homes selling in the last 12 months just slightly below the 51 sales the year prior.  The increased demand and a sell-off of an over supplied market of 75 listings a few years back is critical to solidify values.  There are also 9 homes in contract to sell-off which my firm is participating in 4 of them. 

Even with fewer ho...

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Dear Neighbor,

45 homes sold in Sharon within the last 12 months keeping pace with the previous 12 month period. And by comparison there are 62 homes listed for sale compared to 65 homes on the market in Sharon last year.

10 land parcels sold in the last year according to the CTMLS and the town records. Land is becoming interesting as owners snap up neighboring lots to protect their privacy.

The prolonged winter seems to be creating a bit of pent up demand so the Spring market should be quite fluid. We are already getting more calls. Last year's average period that a house was on the market (ADOM) was 5-6 months which indicates a balanced market. While this news is all positive news, values in Connecticut are still approximately 22% off the prices of 2006.

Yet, while buyer confidence grows the pool of prospects is still historically lower. To keep the interest of the buyers, proper pricing is still critical. There are presently 7 properties in contract to sell in Sharon. You've heard it before; a well priced house gets the buyer's attention.

Here is what has transpired in the last 12 months in your neighborhood.

 
12 Old Sharon Road is a designer's mountain side retreat on over 6 acres of woods. This home is perched overlooking the hills of Cornwall to the east and has a whimsical style. There are three bedrooms and baths in this 1987 home with wood beams, stucco and stone, and cathedral vaulted living room. The rooms are spacious with wonderful views from all rooms. There is a stone patio, water feature and a barn/garage. It closed for $930,000 after being on and off the market for over three years.

13 Route 7 is a wonderful Antique country lodge with 5 private rooms in the main house. Additionally there are 5 completely renovated high quality cabins with kitchens, fireplaces and screened porches for guests. Tastefully designed and furnished this is an established destination for weddings, events and fishing. There are three extra buildings on the property for expansion or multiple businesses. Plus a retail shop that is presently a fly fishing shop. Across from the Housatonic Meadows State Park and the River this property is perfect as a business and family compound, listed at $535,000.

This peaceful pastoral setting in the historic Ellsworth section of Sharon CT at 1 Northrup Road has 5 plus acres of gentle rolling topography and offers easy access via Route 7 and Route 4. The Appalachian Trail, Housatonic River and Mohawk Ski Area are nearby. This parcel has been perc tested, deep hole and surveyed, just pick the site with the best view for $125,000. Rick Meehan is the listing agent.

There are a number of other listings in the neighborhood that can be found on our website. Please take a look.

We hope this Spring brings you lots of sunshine and pretty flowers! And should you wish to discuss your property, the market conditions or anything else with respect to local real estate, please give us a call and we will gladly help. As the leading real estate experts in the Sharon, Cornwall and Kent area, we offer our best professional efforts to you.

Thanks in advance.

All the best,

Chris Garrity

David Bain

& the Sharon office- Jennifer Luning, Michele Pastre, Drew Holland & David Almquist

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

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Dear Neighbor,

The last 12 months were extremely positive for the local real estate market and businesses alike. 2013 marked a period in which the market began to shift ever so slowly from an undervalued market to a more level market. Many of the properties under pressure from the economic turndown were finally taken off the market.

The momentum continues as our local real estate market is active, and values are stronger. Selling time has dropped to 6 months (5-7 months indicates a normal market). A 14% growth in transactions was seen in Litchfield County in 2013 and 17% in dollar sales. We at Bain had another productive year with very strong sales and the first quarter is showing very strong sales figures despite Old Man Winter's grip. We appreciate your continued support and trust.

There are presently 58 homes (5 in contract to sell) and 23 parcels of land (1 in contract) on the market in Sharon which is considerably lower than the figure of 70 we had nearly three years ago.

There were 46 residential sales in the last twelve months, a 28% increase over the previous 12 months. Of note, the time on market dropped by nearly two months. All of these data points reveal a market that is trending in a very positive direction for values.

Buyer confidence is growing and the pool of prospects has been steadily increasing.

But pricing is still critical to keep the interest of the buyers. You've heard it before, a well priced house gets the buyer's attention, and it is still true. Let's see what sold!

Here is what sold in the neighborhood:

34 River Road is a 1 bedroom, 1 bathroom barn style home that sits on the banks of a rushing brook and offers nice privacy. This 1850's structure has 972 sq. ft. with a two story vaulted living room. There is a large deck and an apple orchard. The property closed in July for $292,500.

Rick Meehan of our Cornwall office assisted the buyer of 22 Vanishing Brook a three bedroom two bathroom house of 2262 square feet. This home sits on a private, end of the road site of 2.2 acres. Constructed in 1990 this split level ranch is in good condition and maintains a 2 car garage. It closed for $275,000 in August of 2013.

Here are some listings in the neighborhood:

We have the neighboring land on Vanishing Brook on the market for sale. This level open field has a bit of woods in which to site a new home. The private road is low key with some home values over a million dollars. This 10.4 acre lot is listed for $299,000.

Priscilla Pavel of my firm has listed a privately sited contemporary with views at 12 Old Sharon Road. In impeccable condition with fabulous architectural detailing at the end of a long gravel drive this 3 bedroom, 3-bathroom is Shangri-La. This 2500 sq. ft. home has creative decor, soaring ceilings, wonderful mix of textures and an awareness of nature. Long views are seen from many rooms, while other rooms open on to private native stone terraces or secret grottos. It is listed for $1,250,000.

Up at 12 Silver Hill Road Sam Fitzgerald of the Sharon office has this 1980's country contemporary listed for $669,000. With nearly 2400 sq. ft. of living space this 3 bedroom, 2 and a half bathroom home is set up high on the three acre parcel. The great room is book lined and maintains a fireplace, while the living room is graced with a fireplace and a large deck.

There are a number of other listings in the neighborhood that can be found on our website. Please take a look.

We hope this Spring brings you lots of sunshine and pretty flowers! And should you wish to discuss your property, the market conditions or anything else with respect to local real estate, please give us a call and we will gladly help. As the leading real estate experts in the Sharon, Cornwall and Kent area, we offer our best professional efforts to you.

Thanks in advance.

All the best,

Chris Garrity

David Bain

And the Sharon office- Sam FitzGerald and David Almquist

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