Posts in category 'Sharon West Cornwall'

11/30/2022

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 one point a year ago there were only 7 homes available for sale in Sharon. Today it's marginally better with 11 residential homes for sale. 

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

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

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Bain Estate Sharon West Cornwall 2019 February Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP

Litchfield County's real estate market has strengthened nicely since the Great Recession ten years past. As the economy has strengthened buyer confidence has in turn responded positively.  So, growth has ensued. Hence in 2016 we saw 58 sales in Sharon and in 2017 we had 50. We   had only 46 sales transactions in Sharon in the last 12 months but while the drop might be attributable to declining listing levels, a cautionary approach is advised as the local, state, national and even global issues effect consumer confidence. 

In fact, we are seeing this manifest on the upper end of the...

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