MARKET REPORT - SHERMAN HOMES SOLD IN JUNE 2012: REALITY CHECK OR TALES OF WOE

By
Real Estate Broker/Owner with Veritas Prime, LLC dba Veritas Prime Real Estate CT, NY, FL
https://activerain.com/droplet/DzD

MARKET UPDATE - SHERMAN HOMES SOLD IN JUNE 2012 - REALITY CHECK OR TALES OF WOE

 

Eight homes sold in Sherman, CT in the month of June, 2012. That in itself may sound like a good, happy number for a town, where sales in the best of times might be only in the low single digits per month. On closer examination, the true picture is less bright. In fact, the numbers might reflect a microcosm of the real estate market in the last few years. 

 

Some readers’ eyes may glaze over just glancing at the jungle of numbers in the “Homes Sold in Sherman” chart below. The “numbers geeks” that stick with it might find the statistics worth reviewing.

 

Three of the homes that sold in Sherman in June 2012 started the process as long ago as 2010, two in February of that year. The original prices reflected the bubble optimism of the peak market of 2005-2006, no doubt in spite of the respective realtors’ pleas for the sellers to be more realistic. We can all just hear the pained exclamations of “I’m not GIVING my house away!!!”, which is what it must have felt like at the end, when the final sale numbers for homes sold in Sherman in June came in at 74% of the original asking prices, on average...  Sellers tried different agents, which brings to mind yet another cliche - Sherman’s selling track record proved that it was good to be the second or third agent in this market. The average market time was 504 days, or nearly 17 stressful months.

 

It should be noted that two of the homes sold in Sherman in June closed rather quickly, one in 52 days and the other in only 45. Remarkably, the latter actually sold ABOVE the asking price. Both were priced in 2012 and REALISTICALLY, resulting in expeditious sales. Buyers seem to know and recognize value and perhaps sellers are adjusting (getting resigned?) to the realities of the current real estate environment. Good news is - homes do sell in this market, and sometimes swiftly, it just has to be the “right” price, as recent numbers in Sherman graphically demonstrate.

 

For listing details and photo’s of the homes sold in Sherman in June 2012, please click the link below. Don’t hesitate to call if you have any questions, or might be curious regarding the current value of YOUR home either in Sherman or in any of the surrounding towns.


http://matrix.ct-mls.com/DE.asp?ID=7003841

 

 

Address in 

Sherman

Br’s

Full

Bth’s

1/2 Bths

List Price

‘000

Sale Price 

‘000

Current Market Time

Actual Cumulative Market Time

Original List Price 

‘000 

Original 

List 

Date

7 Candleview Dr

3

2

1

$359

$350

52

52

$359

3/12

2 Benchmark Rd

3

2

1

$379

$359

112

316

$489

6/11

9 Sunny Ln

3

2

1

$439

$445

45

45

$439

4/12

10 Bridgeworth Ln

4

2

1

$450

$410

291

711

$650

4/10

24 Hardscrabble Rd

3

2

1

$459

$435

202

871

$635

9/08

16 Coburn Rd East

3

3

0

$599

$525

279

869

$739

2/10

8 Circle Dr

4

1

1

$649

$575

32

491

$899

4/10

11 Long River Rd

5

5

1

$799

$715

145

692

$950

2/10

AVERAGE

 

 

 

$517

$477

145

507

$645

 

 

 Source: Greater Fairfield County CMLS

 

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For Quality Solutions and Intellegent Answers to Your

Real Estate Needs or for Referrals, Consult With Olga

 

   

OLGA SIMONCELLI

Consultant

Real Estate Risk Management

203-482-2009 Cell

consultwitholga@gmail.com 

Visit My Website: www.thegoodrealestateagent.com

Your Local or Global Real Estate Consultant and “green broker. 

Candlewood Lake Real Estate

 

 

 

 

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