Sterling Market Report for 2006                      RESIDENTIAL SALES • 2006 Units/64 • 2006 Volume/ $14,336,000 • 2006 Median Sales Price/ $239,900 • Days on Market/ 69 Days • %Sale Price to List Price/ 97.52%                             FOR LAND (RESIDENTIAL) • 2006 Units/ 13 • 2006 Volume/ $1,774,500• 2006 Average Sales Price/ $134,192 Median Sales Price/ $115,000 • Days on Market/145 • %Sales Price to List Price/ 88.63%                            CONDOMINIUM SALES • 2006 Units/ 0 • 2006 Volume/ $0 • 2006 Average Sales Price/$0 Median Sales Price/ $0 • Days on Market/ 0 • %Sales Price to List Price/ 0%                      MULTI FAMILY PROPERTIES • 2006 Units/ 2 • 2006 Volume/ $0 • 2006 Average Sales Price/ $0 Median Sales Price/ $0 • Days on Market/ 0 • %Sales Price to List Price/... 08/27/2007

Sterling originally part of Voluntown, this northern section separated and obtained town privileges from the CT. Assembly May 1794. Sterling was given its name in honor of a resident, Dr. John Sterling. He promised the town a Library in return for this honor. The Dr. did not follow through on his commitment, but the town eventually obtained a library by soliciting private donations. The first town meeting was held June 9, 1794, at the Dixon home on Sterling Hill. The first post office was established as Sterling on Oct. 1, 1809. The American Manufacturing Company, also known as Potter's factory, was the first cotton mill in Sterling, @1800. It was situated on the Quandock River. The Sterling Manufacturing Company located in Sterling @1808, and was located on the Moosup River. Local Indu... 08/26/2007