Connecticut Real Estate in Small Doses

I mostly talk about Ledyard on my blog but when it comes to real estate it is good to occasionally take a peak at what is happening throughout CT. Here are a few small doses of real estate news beyond our borders.

Connecticut has nothing to celebrate. Unless you are a CT Home Buyer.  Sellers have nothing to cheer about at least as far as home price recovery.

How far have we fallen?  CT is in the bright orange.  HINT:  Bright range is not good. (Click on the photo to see for yourself.)

CT Home Price and Time

 

There is some good news to report as “Connecticut's home foreclosure troubles eased significantly in May”.  This is better than good news, this is great news!

Have you ever wanted to live on an island?  There is one for sale in the Norwalk area but you might need to be a super model to afford it.

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


The 10th Anniversary of Kelo v. City of New London

It’s been 10 years since the historic Supreme Court decision Kelo v. City of New London. It seems that New London won a round in the Supreme Court, lost in the court of public opinion, and then lost again when Pfizer decided to close its research and development headquarters. New London did get a slight reprieve when  General Dynamics agreed to purchase the Pfizer complex.

Feelings about the whole mess still simmer. I’ve been asked more than once for the use of my photo taken on Hamilton Street in New London not far from the Fort Trumbull neighborhood that was the setting of the controversy. The book, The Little Pink House, has been written.  I’m still waiting for the movie.

Kelo


The Ledyard Community Forum is Four!

Birthday CupcakeOn June 26, 2011 at exactly 5:51PM the Ledyard Community Forum was born. I created the forum as a resource for the community and never anticipated the kind of growth we would have there.  Before the end of this year, we will reach over 3000 members. Other active groups have spun off from “the forum” including the Ledyard Gales Ferry Political/Free Speech forum and the Ledyard/Gales Ferry Gardens group.

In our 4 years, we have done some really good work helping victims of fires, supporting local charities, and organizing events. The Ledyard Town Wide Yard Sale was successful due to the support of the forum and the Ledyard Farmers Market has received an enormous boost from the group. We especially shine during blizzards and hurricanes as we help each other with important information like closures and delays. Members look forward to our contests and we’ve given away hundreds of dollars of prizes over the past four years.

My goal on the forum is to keep it positive, something I often get criticized for. We have rules and I’ve had a few people leave the group because they don't like rules. As the rules state, I don't think kindly of criticism of town employees, local officials or local businesses. Please do NOT complain about your neighbors, their dogs or their children here. Period. I’ve discovered that some people wake up unhappy looking for something to complain about while others look to share all the good in our community. I’ve also learned that some people need a primer on the First Amendment.

Despite our occasional squabbles, the forum has become the community resource I had hoped it to be and a whole lot more.


This week at the Ledyard Farmers Market

LogoIt’s another week at the Ledyard Farmers’ Market and more surprises for this amazing season. I hope to see you today between 4-7PM at the Ledyard Fair Grounds.

Here’s the scoop from their newsletter:

School's Out for Summer...

and we want to see your whole family at the market!

We have some Woody Guthrie-esque music happening at the market this week!  Add a fresh squeezed lemonade, cold brewed iced coffee, and piping hot pizza, and you really don't have a reason to leave the fair grounds until the vendors do!

  • Anita tells us that Hidden Brook Gardens is bringing kales, lettuces, kohlrabi in a purple shade, scallions, beets and more!
  • A note from Larry at Davis Farm: "To our new friends and customers at the Ledyard market. It is likely we will not attend this week as we will be putting up hay. The conflict between haying and market only happens a couple times a year and unfortunately this week will be one of those times."
  • Stonington Beef will be offering a variety of all natural steaks, ground beef, and dog bones.
  • Hold on to your hats... Anastasia's Coffee will now be offering cold brewed coffee! As always, they'll be brewing fresh, hot coffee on Wednesday night, and will have bags of their premium beans so you can enjoy it at home!
  • Sage Hill Farm is SO HAPPY to be back at the market this week (we missed you guys!) that they're offering a $1 off the medium jars of their farm favorite rosemary rhubarb jam. They'll also have a strawberry jam in the mix this week.
  • Mark's Woodworks will have handmade, hardwood cutting boards featuring another newly designed board this week, as well as hardwood napkin holders. Don't forget, Mark loves custom orders!
  • 18th Century Purity Farms is bringing pesticide-free strawberries, sugar snap peas, garlic, garlic scapes, heirloom dry beans, and potted herb plants.
  • Sweet Country Roads will have their full spread of jams, jellies, relishes, spice mixes, dip mixes, dry rubs, dessert mixes, vinegars, extracts, andthe first of the fresh pesto is ready!
  • Lucky Girl Bakery will stack the pies (of many sizes!) high, and will also have a variety ofmarshmallows (boozy, spicy, & kid-friendly)and other sweets. 
  • Dragon's Blood Elixir will have their wildly popularStrawberry Mango Rhubarb hot sauce! Better get to the market early for that one!

Wednesday's weather will be gorgeous and the tents will be full! Grab a friend, and come out and enjoy the evening!  Please help our market grow. Subscribe to our email list,  share this email with your friends, and be sure to like our Facebook page.

Thank YOU for your support!


Connecticut Home Price Changes

While the rest of the country is seeing significant price increases, Connecticut continues to lag behind. In fact, according to this June chart from Core Logic, home prices in CT have decreased in the past 12 months. Only Rhode Island is experiencing a worse market. You may click on the photo below for a better view but it won’t be a pretty picture.

 

CT Home prices


New London County Real Estate Update

This report of Single Family Home Sale in New London County is generated by the 10th of each month with information from the previous month.  It includes new listings, pending and closed sales in New London County for the month of May.

What’s up and what's down from a year ago?  Year to date (YTD) closed sales in New London are almost identical to a year ago but new pending sales are down 15%.  The median sold price of single family home is up 2.6% year to date. Please note that percentages will vary from town to town.

For a complete (and easier to read) New London County Real Estate report including condos and single families click on the photo below.

6-12-2015 New London County Real Estate

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


This week at the Ledyard Farmers Market

It’s another week at the Ledyard Farmers’ Market and more surprises for this amazing season. I hope to see you this Wednesday between 4-7PM at the Ledyard Fair Grounds.

Here is the news from the Ledyard Farmers’ Market Newsletter. (Sign up for your own copy.)

  • Hidden Brook Gardens will have greens, scallions and lots of herb & veggie plants.
  • Mark's Woodworks will have handmade cutting boards, serving trays, boxes, and some special items that will make greatFather's Day gifts. Don't miss his beautiful plant stand / side table made from Purple Heart and Maple. Mark's Woodworks are made from domestic and exotic hardwoods.
  • Dragon's Blood Elixir brings new hot sauce flavors every week made with seasonal farmers market fruits and vegetables. Give them a try and find your new favorite!
  • 18th Century Purity Farm will have strawberries, asparagus, multi-colored radishes, rhubarb, and potted herb and vegetable plants.
  • Check out the beautiful blocks and handcrafted, natural wood toys from Spud Woodworks.
  • Sweet Country Roads, LLC will be there and we will be bringing jams, jellies, chutney, relishes, pickled garlic, pickled pumpkin, spice mixes, rubs, dip mixes, and more.  Fire up your grill, plan those picnics, and let Charlotte mark your summer more delicious!
  • Uncle D's Blazin' BBQ is bringing the flavor! Jerk pulled pork sandwiches, pulled pork nachos grande, BBQ ribs, watermelon lemonade, & sweet tea.
  • Lucky Girl Bakery will be flush with strawberry rhubarb pies, salted caramel brownie hand pies, marshmallows, cupcakes, & more.
  • Oak Leaf Dairy has flavored goat cheese,feta (swoon!) and cheddar.
  • The Funki Little Frog will have rustic local beach signs and colorful wooden fish painted on reclaimed wood, along with an assortment of signs all painted with my Funki Little Frog homemade milk paint.
  • Secchiaroli Farm - Offering naturally and sustainably raised pork.  Cuts include Pork Chops, Ribs, Country style ribs,  smoked bacon, tenderloin, butt roast, ground pork and hot dogs.  We will also be stocked with the following sausage:  Hot Italian, Sweet Italian, Breakfast, Maple Breakfast, Chorizo, Jalapeno/Chipotle, Bratwurst, Kielbasa, Cajun

 

image


Ledyard Real Estate Update

And just like that....

I ran the statistics for this report on June 2nd when there were 110 active listings in Ledyard.Today as I post this blog, listings have increased to 121, about the same number as a year ago. Comparing the same period, prices have dropped about 10%. While that is not very good news, pending listing prices look a bit more encouraging. 

When the number of listings increase, price and condition become even more important as there are more homes for a buyer to choose from. There are plenty of buyers still looking and the market remains quite active. Many homes are selling quickly although of the 33 homes currently pending, 25 of them were listed under $250,000.

The market usually stays busy through June but often slows in July and August before another pick up after Labor Day. That being said, we haven't had a predictable market in quite a while so future analysis remains difficult. 

6-2-2015 Ledyard Home Sales

 The average list price (asking price) of the 110 homes currently on the market is $261,000. There are currently 34 homes pending with an average list price of $229,482. There are an additional 18 homes listed as pending -"show for backup" with an average listed price of $215,767. 

History of Ledyard Home Sales

67 home sales have been reported closed in Ledyard during 2015,
with a median sold price of $186,500.

Ledyard Home Sales through 2014

Ledyard Real Estate Statistics - Last 180 Days

On June 3rd, the Connecticut Multiple Listing Service shows a total of 82 contracts have closed in the last 180 Days with an average sold price of $207,143 (Median of $195,500). 

A total of 64 listings have expired in that same time period. This continues to be a large increase over previous months but sellers who haven't sold often take their homes off the market this time of year and hope for better results in the spring. Listings may expire for many reasons such as being priced too high,having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. At this time of year, sellers often take their homes of the market due to the upcoming holidays.

Listings and sales reported by the members of the CT Multiple Listing Service, Inc and may not represent all sales. Information deemed reliable but not guaranteed. 

 

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.