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 Ledyard borders.
Is your home poppin? Many homes built in Connecticut still have those awful popcorn ceilings; they were an easy finish to cover a host of imperfections. These days buyers are passing on the popcorn so take heed if you are still staring at those bumpy ceilings, especially if your home is in the higher price ranges.
Speaking of food, can you say “flat as a pancake”. That is an expression I use quite often to describe the Ledyard Real Estate Market and it is the same throughout much of Connecticut. While the increase in the number of sales is a good sign, prices are not improving. The average sold price for residential home sales in Connecticut during the month of June was $231,000, that is down slightly from two years ago and up less than 1/2 percent from a year ago. For a complete report of Connecticut Residential Home Sales CLICK HERE.
These statistics are generated from a paid subscription to Market Trends Premium. CoreLogic. Copyright © 2015 RealEstate Business Intelligence, LLC. All Rights Reserved. Statistics calculated July 8, 2015.
Thank you military families in Connecticut! In recognition, CHFA has two programs designed to help the men and women who serve, and their families, realize the dream of owning their first home.
Have you noticed? I’m not sure about you but I’m seeing lots of solar panels on roofs around Connecticut. The Solar Company salespeople seem to be working full time to add you to their list of customers. People often ask me what I think of leased solar panels as it affects resale. My answer is taken directly from this NPR article written a year ago. “There just isn't a long history of sales involving such houses.” This is especially true in Connecticut where the idea of leasing solar panels is just catching on. In fact, I haven’t yet been involved in a transaction with leased panels so I’m reaching out to some of my real estate friends throughout Connecticut to see if they have any experience.
Do you pin? My most popular pin ever on Pinterest is the photo from this Business Insider article about a home that was for sale in Greenwich CT. The photo has been repined 250 times.
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.