Sharon Neighborhood Update

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.

Sharon Market Report April 2013-2014

Property Type: Residential Status: Closed/Sold Number of Properties: 46

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM High 5 5.5 4,715 $1,895,000 $472.12 $1,600,000 $415.92 103.1% 784 Low 1 1 972 $125,000 $81.62 $80,000 $61.92 64% 4 Average 3 2.34 2,220 $510,696 $222.34 $452,994 $198.7 89.87% 175 Median 3 2 2,063 $432,000 $214.31 $405,000 $198.39 91.05% 114

Sharon Market Report April 2012-2013

Property Type: Residential Status: Closed/Sold Number of Properties: 33

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM High 8 7 9,720 $1,995,000 $519.61 $1,870,000 $486.93 100.4% 987 Low 2 1 768 $180,000 $84.88 $145,000 $66.87 75.8% 7 Average 3 2.6 2,416 $516,206 $219.18 $470,977 $200.8 90.88% 227 Median 3 2.5 2,100 $439,000 $186.49 $405,000 $170.43 92.3% 161

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.

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

Walsh's Drug Store

Antique Shop on Sharon Green

Retail shop on Sharon Green. Large open and elegant floor space offering large display alcove windows, 9 foot ceilings, crown moldings, pine flooring, check-out counter and considerable wall display space. Prominently located on Main Street with great visibility & high traffic count. Perfect for artist, antiques, bookstore or other retail. Parking available on the street & more available in the rear of the building. 2nd floor apartment provides supplemental income. The best of Sharon.

Click the link below for listing information

Walsh's Drug Store

Jenkins' General Store

Historic perspective of Sharon 

Circa 1880's

 Circa 1970's

Circa 1940's

Circa 1990's

The hub of Sharon yesteryear this building once served as the General Store and has been used as storage for an antiques store. Located in the General Residential zone this property may be converted into a single family home, multiple dwelling, office or other special exceptions as per Sharon Zoning regulations. This building is also within the jurisdiction of the Sharon Historical Commission when considering changes.

Click the link below for listing information

Jenkins General Store, Sharon, CT

Sharon Update: The Village Neighborhood

We at Bain wish you a Happy New Year hoping health and happiness continue for you throughout 2014. Unsettling seems an apt word for 2013 where the insecurities of the world seemed so pervasive.  Yet in reflection the year was extremely positive for the local real estate market and businesses alike. And as we head into the New Year, the momentum continues. 

Nationally we are seeing the growth of values in many regions.  The economy is starting to get some legs and many segments of the economy are reporting stronger than average figures.  

Our local real estate market is more active, and getting healthier incrementally as well. Values are stronger. We at Bain are had another productive year with very strong sales and appreciate your support and trust. 

There are presently 67 homes on the market in Sharon which is approximately the figure we had a year ago.  There were 42 sales in the last twelve months, slightly over last year’s pace.  

 

Sharon 2013-Sales

Property Type: Residential Status: Closed/Sold Number of Properties: 42

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM Average 3 2.38 2,171 $520,331 $234.49 $470,577 $212.26 91.15% 171 Median 3 2.25 2,057 $399,450 $211.71 $373,750 $198.39 92.15% 119

Sharon 2012-Sales

Property Type: Residential Status: Closed/Sold Number of Properties: 39

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM Average 3 2.64 2,556 $485,223 $202.19 $439,958 $184.63 90.76% 226 Median 3 2.5 2,200 $439,000 $186.49 $405,000 $170.43 92.3% 181

To note is that the average sales price increased by 6%, the sales price per square foot rose 13% and the time on market dropped by nearly two months. All of these data points reveal a market that is healing well. 

Yet, while buyer confidence grows pool of prospects is still rather low.  To keep the interest of the buyers, proper pricing is still critical.  There are presently 6 properties in contract to sell in Sharon- one here in the Village. You’ve heard it before, a well priced house gets the buyer’s attention, and it is still true. Here is what sold!

Sharon Sales - Click Here For Details

Map - Click Here for Village Map

270 Cornwall Road- House requires work but has nice privacy and a barn.

270 Cornwall Road Sharon, CT

Sold:  $156,000 List:   $170,000 Sold date: December 2013 Acres: 2.80 Beds: 3 Baths: 2 Address: 270 Cornwall Br Rd Town: Sharon CT 06069

75 Mitchelltown Road – Privately sited one level country home in excellent condition. Wooded 3 acres with a nice screened porch.

Sold: $245,000 Price: $339,500 Sold date: April 2013 Acres: 3 Beds: 2 Baths: 2 Address: 75 Mitchelltown Road Town: Sharon CT 06069

Cornwall Br Rd-  5 acre parcel of land heavily wooded with wetlands consideration.

Sold: $38,500 Price: $49,900 Sold date: June 2013 Acres: 5.72 Address: Cornwall Br Rd Town: Sharon CT 06069

31 S Main Street- 1950’s renovated Cape with 2000 sq. ft. Lovely gardens open porch and new kitchen.  

Sold:  $422,500 Price: $490,000 Sold date: July 2013 Acres: .510 Beds: 2 Baths: 2 Address: 31 S Main Street Town: Sharon CT 06069

36 Great Elm Rd- Great Elm community home requiring updating. Large open rooms with considerable natural sunlight. Large kitchen and separate guest quarters.

Sold:   $600,000 Price:  $695,000 Sold date: August 2013 Acres: 3 Beds: 3 Baths: 5 Address: 36 Great Elm Rd Town: Sharon CT 06069

 

4 Upper Main St # 2- Neat 2 bedroom condo with over 1044 sq. ft, balcony and garage

Sold: $173,000 Price: $177,900 Sold date: May 2013 Beds: 2 Baths: 2 Address: 4 Upper Main St # 2 Town: Sharon CT 06069

22 Upper Main St -  1 bedroom, 2nd floor condominium in very good condition. Large living room with cathedral ceilings, good natural light and spacious kitchen.

Sold: $70,000 Price: $75,000 Sold date: December 2012 Acres: N/A Beds: 1 Baths: 1 Address: 22 Upper Main St Town: Sharon CT 06069

20 Upper Main St -  4 bedrooms 1900 homes with 1620 sq. ft. Enclosed porch

Sold: $300,000 Private Sale Sold date: September 2013 Acres: .91 Beds: 4 Baths: 2 Address: 20 Upper Main St Town: Sharon CT 06069

 91 Main Street, Sharon – Victorian Building on the Green- office space with a second floor apartment- recently renovated.

Sold:  $260,000 List:   $275,000 Sold date: September 2013 Acres: .5 Beds: 2 Baths: 1 Town: Sharon CT 06069

61 Hospital Hill Rd- Recently renovate village Victorian home in excellent condition. 1574 sq. ft. across from the hospital

Sold:   $265,000 Price:  $319,000 Sold date: August 2013 Acres: .26 Beds: 4 Baths: 1 Address: 61 Hospital Hill Rd Town: Sharon CT 06069

134 Sharon Valley-  Lovely Colonial style home on over an acre of level land. Four bedrooms and a renovated country kitchen. Tow porches and a brook.

Sold at: $190,000 Price: $210,000 Sold date: November 2013 Acres: 1.10 acres Beds: 4 Baths: 1.5 Address: 134 Sharon Valley Town: Sharon CT 06069

7 Holland Road – Private country 2 bd. cottage with large kitchen on garden like parcel.

Sold at: $255,000 Price: $285,000 Sold date: November 2013 Acres: 1.08 Beds: 2 Baths: 1 Address: 7 Holland Road Town: Sharon CT 06069

62 Gay St-  Bank owned antique eyebrow colonial with upgraded kitchen, woodstove and large sun room.  Wide board flooring and exposed beams. Small barn on level lot.

Sold: $171,500 Price: $171,500 Sold date: May 2013 Acres: .57 Beds: 3 Baths: 2 Address: 62 Gay St Town: Sharon CT 06069

12 Calkinstown Rd – Antique style 1 bedroom home with exposed beams, wood floors and fireplace. Stone patio and step from shopping.

Sold: $200,000 List:  $225,000 Sold date: November 2013 Acres:.14 Beds: 1 Baths: 1.5 Address: 12 Calkinstown Rd Town: Sharon CT 06069

22 Calkinstown Rd – Antique barn home set on a brook. Small parcel- lovely gardens.

Sold: $303,094 List:  $325,000 Sold date: November 2013 Acres: Beds: 3 Baths: 2 Address: 22 Calkinstown Rd Town: Sharon CT 06069

1 Still Meadow Rd- Cape style home recently update with chestnut flooring, cherry cabinetry and first floor master suite.

Sold:  $329,000 List:   $349,000 Sold date: September 2013 Acres: .61 Beds: 2 Baths: 2 Address: 1 Still Meadow Rd Town: Sharon CT 06069

39 Calkinstown Rd-  Recently renovated colonial home with considerable upgrades. Gourmet kitchen, fireplaces in each dining and living room central ac and other touches.

Sold:  $895,000 List:   $925,000 Sold date: August 2013 Acres: 1 Beds: 5 Baths: 4 Address: 39 Calkinstown Rd Town: Sharon CT 06069

110 North Main Street–4 Buildings in considerable disrepair- some requiring demolition.  Main house two apartments, former dance studio and two large storage barns on 5 acres of land.

Sold:  $150,000 List:   $275,000 Sold date: January 2014 Acres: 5 Beds: 3 Baths: 1 Town: Sharon CT 06069

All of the current Sharon listings can be seen on our website www.bainrealestate.com.  I encourage you to visit it.  It’s loaded with information about listings, sales, our towns and these letters (see Market Update).  There is also a way there to get direct email posting of new listings as they hit the market.

And if you know anyone thinking of selling their property, we would like the opportunity to talk to them about our marketing.  Thanks.  I’ll write again in a year to let you know what’s happened.

 

Respectfully,

Chris Garrity & David Bain

 

Sam FitzGerald, David Almquist

Sharon office Bain Real Estate

 

Please note that all sales data are from the CTMLS and not all sales transactions

are through Bain Real Estate.