Sherman, CT - November, 2007 Real Estate Market Report

Sherman, Connecticut Real Estate Update
November, 2007

Closed home sales in Sherman, Connecticut:

There were 2 home sales closed in Sherman, CT.
List Prices were $425,000 and $499,900.
Closed Sales Prices were $407,500 and $500,000.

One home was on the market for only 15 days, while the other was on the market for 876 days.  That home sold for only 74% of its original list price - once again, we see how overpricing can ruin a home's sale.  There is no need for a home to be on the market for nearly three years. 

This compares to 1 home that closed sale in November, 2006, which had a list price of $2,200,000 and sold for $2,275,000 (this was a new construction, and the reason for selling over list price was due to upgrades the buyer chose).

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 48 homes for sale in Sherman, CT.
List Prices range from $329,000 for a circa 1900 farmhouse to $3,250,000 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
203.746.1199
Connecticut Real Estate and Homes for Sale

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