Fab Real Estate Blog: Sherman, CT - May, 2008 Real Estate Market Report

Sherman, CT - May, 2008 Real Estate Market Report

Sherman, Connecticut Real Estate Update
May, 2008

Closed home sales in Sherman, Connecticut:

There were 4 home sales closed in Sherman, CT.
List Prices ranged from $549,000 - $2,100,000.
Closed Sales Prices ranged from $502,500 - $1,745,000.
(Two of these homes were waterfront properties)

On average, these homes sold for 88.6% of their final list price.

Marketing time ranged from 136 - 705 days on market.  The average was 364 days on market.

This compares with 8 closed sales in May, 2007, with an average sales price of $813,585 and a median sales price of $812,500.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 70 homes for sale in Sherman, CT.
List Prices range from $299,900 for a small cottage with beach rights to $3,300,000 for an expansive estate on more than 24 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 Greater Fairfield County MLS and believed to be accurate.




Comment balloon 0 commentsDon Fabrizio-Garcia • June 11 2008 04:54PM