Sherman, CT

Sherman, Connecticut Real Estate Update
April, 2011

Closed home sales in Sherman, Connecticut:

There were 3 home sales that closed in Sherman.

The median sales price was $440,000.

On average, these homes sold for 91% of their final list price.

Days on Market averaged 272 days of market time.

This compares with 3 this month one year ago, with a median sales price of $350,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 82 homes for sale in Sherman, CT.
List Prices range from $119,900 for a two-bedroom fixer to $4,800,000 for a spacious Candlewood Lake waterfront colonial.

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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Closed home sales in Sherman, Connecticut:

There were 2 home sales that closed in Sherman during March, 2011.

The median sales price was $300,000.

On average, these homes sold for 88% of their final list price.

Days on Market averaged 91 days of market time.

This compares with 8 this month one year ago, with a median sales price of $367,500.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 82 homes for sale in Sherman, CT.
List Prices range from $119,900 for a two-bedroom fixer to $4,800,000 for a spacious Candlewood Lake waterfront colonial.

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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Closed home sales in Sherman, Connecticut:

There was 1 home sale that closed in Sherman during February, 2011. This was a bank-owned home.

The median sales price was $254,600.

On average, these homes sold for 85% of their final list price.

Days on Market averaged 138 days of market time.

This compares with 0 closed sales in February, 2010, with a median sales price of $0.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 82 homes for sale in Sherman, CT.
List Prices range from $119,900 for a two-bedroom fixer to $4,800,000 for a spacious Candlewood Lake waterfront colonial.

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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Sherman, Connecticut Real Estate Update
January, 2011

Closed home sales in Sherman, Connecticut:

There was 1 home sale that closed in Sherman during January, 2011.

The median sales price was $920,000.

On average, these homes sold for 77% of their final list price.

Days on Market averaged 206 days of market time.

This compares with 2 closed sales in January, 2010, with a median sales price of $1,002,250.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 59 homes for sale in Sherman, CT.
List Prices range from $205,000 for a small, one-bedroom home to $4,000,000 for a spacious Candlewood Lake waterfront colonial.

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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

What's selling in Sherman, CT?

Sherman, CT is located in the northern most part of Fairfield County, nestled in some of the most beautiful Connecticut countryside and farmland you will see. Sherman is also part of Candlewood Lake and has some of the most impressive lake homes in the area. Also Mill Pond, Squantz Pond and Lake Mauweehoo are located in Sherman, so for those who love the water Sherman is the destination in the western corner of Connecticut! You can read more information about Sherman, CT here.

Homes Sales, Sherman, CT.

Currently there are 63 single family homes on the market in Sherman, CT.

• The average list price is $812,598
• The average days on market is 188 days
• The lowest priced home is a 882 square foot stone bungalow, 1 br, 1 ba, and does need updating, listed at $205,000
• The highest priced home is a 7,211 square foot estate on appx. 13 acres with frontage on Mill Pond and a dock on Candlewood Lake. The home is in a private, gated community, has an observatory in the attic, and is currently on the market for $2,795,000

There are 2 homes under deposit, the average list price is $340,000, average market time is 61 days.

2 homes are in the "pending sale" status, with an average list price of $279,949, average market time of 195 days.

January 1, 2010 through January 1, 2011 sales

• 36 homes sold
• Average list price: $607,425
• Average sale price: $552,639
• Lowest sale price: $152,500
• Highest sale price: $1,650,000
  

January 1, 2009 through January 1, 2010 sales

• 41 homes sold
• Average list price: $644,366
• Average sale price: $591,200
• Lowest sale price: $141,000
• Highest sale price: $2,650,000
  

Sherman, Connecticut is still experiencing a drop in the volume of sales, and prices are down from a year ago. For those looking to purchase a full time residence or that special second home in the hills of Connecticut, Sherman may have just what you are looking for!

Check out homes for sale in Sherman, CT here.

The above statistics are provided courtesy of Greater Fairfield County Multiple Listing Service (CMLS). Information provided is deemed reliable, but not necessarily accurate. There may be discrepancies, as mistakes in inputing can be made, and the fact that Connecticut has more than one multiple listing service. There may be instances where a home was/is for sale in New Milford and is on the other multiple listing service. Most of the homes for sale are listed on CMLS, therefore that is where I base my statistical information. I do believe it gives a good sense of what is happening in New Milford.