Fab Real Estate Blog: Sherman, CT - September 2007 Real Estate Market Report

Sherman, CT - September 2007 Real Estate Market Report

Sherman, Connecticut Real Estate Update
September, 2007

Closed home sales in Sherman, Connecticut:

There were 2 home sales closed in Sherman, CT.
List Prices were $412,000 and $459,000.
Closed Sales Prices were $391,000 and $432,000.

These homes sold for 94.4% of their most recent list price.
One home was on the market for 48 days, and the other was on the market for 356 days.
It is interesting to note that the home that was on the market for nearly a year suffered through multiple price reductions, and sold for 20% below its original list price.  Another example of how overpricing your home will not result in a sale...

This compares to 5 homes that closed sale in September, 2006.  The average sales price was $792,000, and the median sales price was $840,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 57 homes for sale in Sherman, CT.
List Prices range from $349,000 for a circa 1900 farmhouse to $3,400,000 for an 18th century colonial on 37 acres.

Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
Connecticut Real Estate and Homes for Sale


Data compiled from the Consolidated MLS and believed to be accurate.

Comment balloon 0 commentsDon Fabrizio-Garcia • October 24 2007 01:54PM