Fab Real Estate Blog: Sherman, CT February 2007 Real Estate Market Report

Sherman, CT February 2007 Real Estate Market Report

Sherman, Connecticut Real Estate Update
February 2007

Closed home sales in Sherman, Connecticut:

In February of 2007, there were 2 home sales closed in Sherman, CT.
List Prices ranged from $430,000 - $1,900,000.
Closed Sales Prices ranged from $415,000 for an updated contemporary home to $1,500,000 majestic 1840's colonial on 47 acres.

The average closed sales price was $957,500.  The median closed home sales price was also $957,500.

On average, these homes sold for 96% of their list price.
Days on Market ranged from 58 - 277 days, with the average being 168 days of market time.

(The above numbers are skewed due to only two homes having closed sale)

This compares to 3 homes that closed sale in February, 2006 with an average closed sales price of $588,333 and a median closed sales price of $590,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 61 homes for sale in Sherman, CT.
List Prices range from $320,000 for a hi-ranch home on under a 1/4 acre to $2,750,000 for spacious chateau style estate on nearly 10 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
Connecticut Real Estate and Homes for Sale


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

Comment balloon 0 commentsDon Fabrizio-Garcia • March 24 2007 08:20PM