Posts in category 'White Hollow'

Dear Neighbors,

Bain Real Estate Sharon White Hollow 2018 December Market Report.

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Have we reached equilibrium between buyers and sellers since the Great Recession? Yes, the ensuing ten years have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sensing caution sellers began lowering prices incrementally and making it more appealing to the buyers. As the economy strengthened buyer confidence did in turn. So, growth has ensued.  A cautionary approach should be taken however, as daily the volatile swings in the world and nation are having considerable influence on buyers' confidence.

            In fact, on the upper end of the value spectrum, t...

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Dear Neighbor,

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In the last 12 months there have been 55 residential sales in Sharon compared to 48 the previous 12 months.  We have been averaging 50 residential house sales in the last 3 years revealing a trend that is now back to pre-2008 levels.  Presently there are 65 house listings for sale in Sharon and that is 10 more than the previous year's offerings.  The fourth quarter of 2017 has been spotty with 16 sales and 6 pending sales but compared with 4^th quarter 2016 -18 sales-it still trending in the positive direction.

Here are the average statistics for the last two years sales.

2015-2016 Sales: Closed (48)

2016-2017 Sales: Closed (55)

We seem to have reached a more balanced supply and demand which has now evolved into a more normalized market.  While it is still imperative to list your home at an attractive price, there are now more buyers interested in owning a home here in Sharon. Also encouraging is the fact that there are 2 land sales in contract presently and last year saw 5 land sales. 

Here is what has transpired in the White Hollow/Calkinstown area this past year.

Below is one of our new exciting listings in the neighborhood. There are a few other properties listed in the neighborhood- ask us about them!

240 Gay Street

4 bed/2.5 bath 1800's Colonial style

with 2890 sq. ft. on 2.02 acres of level open land,

fireplaces/barn/studio completely renovated

List-   $ 995,000-- See the Video on our site!

All our letters are archived on: www.bainrealestate.com under "Neighborhood Sold Stats" on the home page.  Every house for sale in Sharon and surrounding towns in the MLS system is on our website. We include videos on our site as well to improve and sharpen the marketing of homes.  Video is the medium our customers desire so we are on the cutting edge and the only ones using them in the area.  If you have any questions, give us a call and we'll let you know about properties in the neighborhood!  And to you, friends and family have a wonderful Thanksgiving! 

Respectfully,

Chris Garrity

David Bain and the Sharon Office

Jennifer Luning, Michele Pastre, Joanie Yahn, and David Almquist

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

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Dear Neighbor,

The local real estate market was strong in the first quarter of 2015 but quickly evaporated during the summer months. Yet the data shows that the last 12 months has been a bit stronger than the previous in Sharon. In the last 365 days there have been 49 sales transactions in Sharon 5 more sales than the year prior. As one can see the average sales price has decreased slightly and yet the average square foot price has increased. To provide perspective in 2011 there were 43 sales and in 2012 there were 37 home sales transactions. So we are continuing a slow growth path and returning good values.

There are 81 home listed for sale presently and 5 homes in contract to sell.

Here is what has happened in your neighborhood.

2 Jackson Hill Road known as "Longview Cottage" maintains 24 acres of property with room for horses, pasture, gardens, trails and has mountain views. The large main house built in the early 1900s is spacious, has light filled rooms, attached greenhouse, period barn, stone patio. There are 6 bedrooms, 4 bathrooms; a book lined study as well as two fireplaces. Requiring considerable renovation this home sold for $305,000.

Up the hill at 46 Fairchild Road another large home, this one an antique farmhouse, sold. With over 6000 square feet of living space this 1880 home offers 5 bedrooms and 5 and a half bathrooms. Elegant master suite w/his and hers baths and closets. There are both a formal dining and living room with good natural light. The main floor offers many openings to a spacious patio and long western views beyond. Outside is an in-ground pool, barn, 3 car garage and views over open meadows. It was listed for $1,545,000 and closed for $1,350,000 after 101 days on the market.

Around the corner at 41 Jackson Road a cape style home requiring some cosmetic upgrades closed for $205,000. The house is on a level and open lot of .75 of an acre. The house maintains 3 bedrooms and 2 bathrooms in nearly 2400 sq. ft. of living space. It was on the market for 54 days.

Up at 44 Jewett Hill Road a house with incredible views and well appointed sold for $3,400,000 after being offered for $3,950,000. This exquisite 6400 sq. ft. home features grand architectural details, 20 secluded acres with breathtaking views to the Catskill Mountains, stunning landscaping and a Gunite pool. Features include 5-6 bedrooms, 6 full and 2 half baths, 6 fireplaces, and a cherry paneled library. The expansive kitchen offers only top of the line appliances. The family room with high coffered ceiling is an intimately detailed space. There is also a private wine cellar and tasting room. Pretty special.

A small 2 acre parcel sold at 6 Weeds Dam Road. This open lot with views across to the neighboring pheasant farm has good light and room to build. The lot is level and closed for $50,000.

Jen Luning of my firm assisted the purchasers of 119 Gay Street a lovely cape style home on .61 of an acre. The house was built in 1957 and has 5 bedrooms and 2 full baths. It has wood flooring, living room with a fireplace and an attached garage. Listed for $325,000 the home closed for $278,500.

Over at 14 Williams Road I assisted the buyer of this one level home on .47 of an acre that was bank owned. The house needed considerable repair and yet maintains really nice views. It did not last long as it was sold with multiple bids within 23 days of listing.

The winner paid $135,000 with a list price of $109,000.

Up at 248 Gay Street a lovely 1992 country home on 18 acres sold pretty quickly as well. Having tested the waters last year the house came back on the market and sold within 3 days. The list price was $1,295,000 and it closed for $1,185,000. This sale is an example of pricing a house well to attract the buyers as well as maintaining a home in top condition. These two components provide the maximum positioning to sell a home.

So, with 4 bedrooms, 4 and a half bathrooms, a master suite on the main floor and lovely views it is no surprise this home sold quickly even if the house is over 20 years old.

Further up Rt 41 367 Gay Street sold. Again a buyer was found rather quickly (21 days) for this 1972 raised ranch that needs TLC. This lovely 1300 sq. ft. home has 3 bedrooms and 1 bathroom. It is sited on 3.4 acres of land, views across to the Twin Oaks hillside and abuts a large farm. It sold for $225,000 off a list price of $249,500.

Across to the east on White Hollow Road #151 closed again. In February of 2012 this 1400 sq. ft. contemporary sold for $235,000. With considerable upgrading and tweaking this 1987 contemporary with 3 bedrooms and 2 baths went back on the market for $329,900 in March 2014. After a number of price reduction and time off the market the home was listed for $225,000 and sold within 80 days for $220,000.

Directly next door at 147 White Hollow a log cabin home with a nice open kitchen, loft bedroom and wrap around deck sold for $205,000. This 1,073 sq. ft. cabin has 2 bedrooms and one bathroom and was built in 1981. It has 6 acres of hillside woods and family room on the lower level.

Across the street at 150 White Hollow Road is a great property with open floor plan and wonderful setting. Clean and neat interior with natural wood and southern exposure providing natural sunlight, this 1900 sq. ft. home has 3 bedrooms and 2 baths. The cape style home was built in 2000 and has a full basement and a separate barn. We sold this country property for $280,000 off an original asking price of $349,000.

35 White Hollow Road sold for $350,400. This 1377 sq. ft. home has 1000 sq. ft. of living space on the lower level as well. This ranch has 2 bedrooms and 2 and a half baths according to town records. There are 2 acres and a generator included in this private sale.

Another substantially large home sold at 344 Calkinstown Road this year. Set on 13 acres of woods, gardens and lawn this 4000 sq. ft. home was built in 2014. There are 4 bedrooms, 4 bathrooms and one half bath in this Colonial style residence. The kitchen features top of the line appliances and is sizable for both living room furniture and kitchen dining table. There is a more formal dining room as well as a considerably spacious living room with 12 foot tray ceilings, fireplace, moldings and other details.

The master suite on the second floor also offers a fireplace as a focal point. This property was listed for $2,475,000 and closed for $2,330,000. An additional 6 acres was included in this transaction.

Just west on the road at 318 Calkinstown Road a house on 6.62 acres sold for $1,350,000. This traditionally tailored colonial is a custom built 3-bedroom, 3.5 bath home erected in 2012. With over 3100 sq. ft. it maintains a spacious and open floor plan. Included in the design is a gracious foyer leading to a large living room featuring a fireplace. There is a separate library with custom moldings and built-ins. The master bedroom is well detailed offering a walkout onto a large bluestone patio.

We have one neighborhood listing. I have 10 Downey Road offered at $405,000. This country home is a naturalist's dream. Set on a private 9 acre parcel the house is surrounded by both the State of Connecticut State Forest and Audubon lands. The house began as a 1939 country cabin with a fieldstone fireplace. It was updated in the 1980s with a solarium and a main bedroom and bath. The house has over 2000 square feet and has 2 bedrooms and 2 baths. There is a nice deck off the living room as well as two outbuildings. Come take a look!

As one can read the activity has been busy in Sharon and in particular your neighborhood. Should you wish to know about additional listings in the town or other neighborhoods, just jump on our web site and click through Sharon. Or call us and we would be glad to help with a market perspective.

Respectfully,

Chris Garrity

David Bain

& the Sharon office- Jennifer Luning, Michele Pastre, Joanie Yahn, Ethan Watt and David Almquist

This graph shows the number of successful transactions

in our key towns of Cornwall, Kent and Sharon in 2014

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

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Here is the annual real estate report detailing the real estate activity in the last 12 months in the White Hollow neighborhood.

Sales transactions in all of Sharon were considerably lower since last year's report this slowdown echoes both the national and state trends. Case Schiller report noted that prices have increased slightly while volume of sales transactions has dropped. This drop is in part attributable to the investor buyer segment of the market that has taken advantage of the "good deals" in the last few years. We are seeing a return, albeit slowly, to a more balanced market where there is a small pool of buyers and a limited amount of homes available for sale.

Sharon's real estate market is slightly more active and incrementally getting healthier. Data shows that 2014 sales were slightly stronger than 2013 in Sharon with 43 sales in the last twelve months compared with 39 in the year prior.

 But there are 96 homes on the market (only 3 in contract to sell) in Sharon which is a historically large supply of homes. Salisbury by comparison has 98 listings (9 in contract) and Kent maintains 63 offerings (6 in contract) each town has approximately 10 more homes on the market than last years' offerings.

Earlier in the year the market was vibrant with a number of homes selling. Spring through mid summertime was also quite strong. The market is traditionally slow as summer ebbs, and it will be interesting to see how the 4^th quarter shapes up as the buyers are plentiful as they traditionally are this time of the year. Additionally, the last 12 months has seen 10 land sales according to the CTMLS and the town records. It is especially nice to see the uptick in interest in land.

Year over year stats from Oct-Oct. indicate that the sales volume has remained constant with 4 more sale this year than last. To put this in perspective the last Market Analysis Report is from 10 years ago which was the run up before the bubble burst. Ten years ago the houses sold quicker and closed for closer to asking price. But the sq. ft. cost is roughly the same and the number of sales was dramatically lower ten years ago.

So it appears the current trends are positive!

 Here is what transpired in the neighborhood this past year:

120 Calkinstown Road is an antique home in impeccable condition and loaded with charm that sold within the last 12 months. This 2500 sq. ft. Cape style home has 4 bedrooms and 3 and one half bathrooms. There are old wide board floors throughout, plaster walls and a wood shingle roof on this 1740's home. There are over 7 acres of open land, rock walls, garden and brook. It closed for $1,000,000.

This renovated antique at 158 Calkinstown Road has all the charm of an 18th century center chimney saltbox plus includes a new kitchen and renovated bathrooms. And the basement was rebuilt in the 1980's. This 2347 sq. ft. house has 3 bedrooms and 2 bathrooms. There is an in ground pool and a landscaped private yard abutting conservation. It was listed for $595,000 and sold for $565,000.

30 Jewett Hill maintains uninterrupted views to the Catskills from this estate Colonial on 34 acres. The house is reached by a private winding driveway to a Belgian Block courtyard dotted with mature pear trees. The house boasts quality design and detail with a comfortable 5321 sq. ft. of living space. There are 5 bedrooms and 6.5 baths plus a large Kitchen/Breakfast Room, spacious Family Room, gracious Living/Dining Room, Office and Master Suite, all open to columned porch, terrace and sweeping views. There are four en-suite bedrooms plus Home Theatre and Exercise Room. The house includes 2 fireplaces and state of the art Internet Technology. Bluestone terrace and irrigated landscape connects to a heated Gunite pool. Closing Price: $4,000,000 on a listing price of $5,250,000.

268 Calkinstown Road was recently sold for $170,000 as an undeveloped parcel of land. This 1.1 acre had a house on it which was demolished last year as the house was in poor condition. The house sold last year for $220,000.

139 Calkinstown Road is a sweet Sharon Cape home on over 1/2 acre of land. There are 3 bedrooms and one bath with an open living and dining room. There is wood flooring throughout. Kitchen opens to a private deck and back yard. It was listed for $237,500 and sold for $220,000.

76 Jackson Road is a post and beam barn house with modern touches. Spacious rooms and cathedral ceilings highlight the barn frame. There is a large fireplace, wide board pine flooring and an open floor plan. The porch has floor to ceiling screens and mahogany flooring. There is a large master suite plus a fully operational attached guest house with a kitchen, fireplace and screened porch. There are 6.08 acres of land with woods and fields. Plus there is an expansive barn system for horses, entertainment, storage or hobbies. I had this property listed for $795,000 and closed for $678,000.

22 Red Rock Road is nestled in the maples and shagbark hickories, and is in move-in condition. Thousands of acres of protected land are within walking distance from this 3-bedroom 2-bathroom home on 5.97 acres. The open floor plan with sliders to decks and screened porch all increase the livability and desirability of this wonderful property. It is listed for $354,000.

A 1760 antique loaded with charm at 145 White Hollow Road sold for $453,750 last December. Many modern updates to the kitchen and baths, plus cosmetics & mechanical improvements made this old house easy to live in. Set on a beautiful 13 acres, the meadow is perfect for horses. There is a 3 season cottage with a bathroom and fireplace, a writer's studio and 2 car garage are also part of the property. It had been last listed for $499,000.

38 acres • 5 BR • 6 BA • 1

150 White Hollow is a Cape style home with an open floor plan and wonderful setting. The natural wood interior of this the 1,932 sq. ft. home with 3 bedrooms and 2 bathrooms provides a warm country feel. Considerable natural light with southern exposure makes this property ideal for solar energy possibilities. The home is listed for $349,000.

We have also listed an affordable lot with a babbling brook on Gay Street. The lot can remain mostly wooded for privacy or cleared substantially to allow more light, an opportunity to build a nice house in Sharon. This 2.69 acre parcel has 25 feet of road front and is listed for $72,000.

We have other offerings around town so if you know of anyone seeking a home, let us know or point them to our website at: www.bainrealestate.com

We hope you enjoy the coming autumn and will write again next year. Or you may find these letters and others sent to different Sharon neighborhoods that are archived on our website look for "Neighborhood Stats" on the home page.

Respectfully,

Chris Garrity

David Bain

& the Sharon office- Jennifer Lunning, Michele Pastre, Sam FitzGerald, Drew Holland and David Almquist