SHERMAN, CT REAL ESTATE – 2016 YEAR-END SUMMARY WHAT SOLD
State of the real estate market in Sherman, CT is presented by Olga Simoncelli, Broker/Owner Veritas Prime Real Estate.
In Sherman, CT 56 single family homes changed hands in 2016.
The lowest-priced property, a 2-Bedroom, 1 Bath high ranch on 35 Route 39 South, sold at $40,000. It
The highest sale was a 3-Bedroom, 2.5 Bath Candlewood Lake water-front ranch at 35 Ledgewood Drive, which sold for $1,750,000.
The average sale price for the year in Sherman was $442,728 and the median price was $392,450.
The average days on the market, or the number of days it took to sell these homes, was 116 days. The average discount rate was about 4.3%, which means sellers, on average had to lower the asking price over $19K to get their homes sold.
CURRENT SHERMAN STATISTICS
At present, there are only 40 homes on the market in Sherman, CT, at an average list price of $889.8K. The lowest-priced home is a 2-Bedroom, 2 Bath ranch on .25 acres, listed at $150,000. The highest property is a 6-Bedroom, 5.5 Bath waterfront contemporary on 47.79 acres, listed at $3,695,000.
IT’S A GOOD TIME TO HAVE YOUR HOME ON THE MARKET IN SHERMAN, CT.
Values are good, taxes are low, interest rates competitive; the area is gorgeous!
If you’d like more information about the market in Sherman, CT or the surrounding areas, call Olga or email at consultwitholga@gmail.com.
