Ledyard Photo Friday

From my seat (literally) on the Ledyard Town Council – On Wednesday night  Ledyard Mayor Mike Finkelstein presented a proclamation from the Town of Ledyard to Connecticut State Police Sergeant Jeff McDermott, who served as Ledyard's Resident State Trooper for three years leading up to the establishment of the Ledyard Police Department as an independent municipal police department. SGT McDermott served the town with professionalism and honor. He has been reassigned by the State Police to serve in East Lyme as its Resident Trooper. Thank you and congratulations Sergeant McDermott.

Police Sergeant Jeff McDermott


Ledyard Real Estate News - Just the Facts

SnowyTreesThere are currently 106 single family homes in Ledyard on the market with a median list price of $252,000. There were 29 new listings reported in January, an unusually high number, but sellers often relist homes that didn't sell for a fresh start in the new year.  There are currently 18 pending listings with a median list price of $176,500 and 11 pending but "Show for Backup" with a median list price of 259,900. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing. 

There are  18 closed sales in Ledyard so far in 2016 with a median sales price of $197,400. There were 16 closed sales during the month of January.

While it is useful to follow month by month, a 6 month trend is a better indicator of market conditions.


The median price of the 110 homes that closed in the past 6 months is $209,500

1 - 2015 Ledyard Home Sales

This LINK will take you to New London County Market Statistics by Town, including Ledyard as prepared by the Eastern CT Association of Realtors using sales reported by the members of the Connecticut Multiple Listing Service. 

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.


Ledyard Photo Friday

It was supposed to be just a little snow.  As I write this 49% of the Town of Ledyard is without power as about 6 inches of heavy wet snow has fallen and tree limbs are blocking roads around town.  I’m one of the lucky half that has power. This is an excellent example of why it is important to be prepared in general. This storm wasn’t predicted just a few days ago and even yesterday it didn’t look like much on the weather maps. We will be talking about this nameless storm for quite awhile.

Surprise snowstorm 2016


Buying a Home in Eastern CT

 If you are thinking of buying a home in Connecticut this winter, here are a number of things to consider including mortgage interest rates, the role of your real estate agent, price projections, and tax benefits.  Homeownership makes sense for many Americans for many social and family reasons. It also makes sense financially. Call me if I can help! 

 
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.

Beyond Ledyard Real Estate

financial newsBeyond Ledyard Real Estate is my gathering place for links to interesting information about real estate  beyond Ledyard’s borders. 

Is 2016 the year to buy your first home? What do you actually need to get a mortgage?  “Fannie Mae recently released  “What do consumers know about the Mortgage Qualification Criteria?” . This study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.”

Should I buy now or wait until next year?   Can’t decide? The answer may be in this infographic.  

The American Dream is alive and well.  There are lots of good reasons to buy a home but Harvard weighs in on the 5 financial benefits of home ownership.

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.


Town of Ledyard Redesignated A HEARTSafe Community

heartHARTFORD – The Connecticut Department of Public Health (DPH), in collaboration with the American Heart Association, announced that the Town of Ledyard has been redesignated a HEARTSafe Community. Ledyard has achieved the 3-year HEARTSafe designation for the 3rd consecutive time.

A HEARTSafe Community promotes and supports: CPR training in the community; public access to defibrillation through strategic placement of automated external defibrillators (AEDs) for use by public safety professionals and other trained community members; and early advanced care.

The Town of Ledyard once again met the program requirements for public placement of AEDs, trained community residents, and equipped, staffed and trained emergency responders. In addition, the town continues to provide community CPR training programs and expand the availability of AEDs in public locations.


Ledyard Business Network

thumbs_up_icon_800_7661I’ll be presenting a session on Social Media Trends during the Ledyard Business Network meeting on February 16th,  6:00-7:00PM in the SCRRRA Board Room at Gales Ferry Landing. (Behind CVS)

“The Ledyard Business Network is a simple, easy going group of Ledyard and Gales Ferry small business owners who come together monthly to meet, network or learn new skills at a workshop.

Being a part of the Ledyard Business Network is FREE. It is open to any person who owns or manages a business in Ledyard and Gales Ferry or any local business owners who are residents of Ledyard and Gales Ferry. Home based businesses are welcome to join!!

Members of the LBN host Networking Nights at their local business on week nights. These are very similar to a business after hours where you are encouraged to mingle, give your elevator speech and meet other business owners. These events are FREE to attend as long as you can tell everyone what you do!!”

Interested in attending?  Visit the group’s website to register.


Ledyard Photo Friday

Instead of a photo today, I'm posting an awesome video produced by  local Ledyard Photographer Brian Reubelt. It does an wonderful job capturing what we love best about Ledyard and features Thames River views, Saw Mill Park, Alice Acres, Bill Library, Yale and Harvard Boat Houses and more.


Ledyard Foreclosures

In my previous 2015 Ledyard real estate reports  I’ve mentioned the high number of bank owned properties that have sold.  Below is a visual by zip code (red = 06635 and blue = 06339) of Ledyard foreclosures in 2015.  It would appear that the Ledyard zip code is the winner or the loser depending at how you look at it.  From the research I’ve done, the future pipeline of foreclosure in Ledyard appears to be dwindling so there may be some good news on the horizon.

Ledyard 2015 Distressed Sales

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.


My mailbox was hit by a snowplow

Sounds like the name of a country western song, doesn’t it?  This is one of the most common questions posted on the Ledyard Community Forum on Facebook after a snowstorm. I’ve answered the question a gazillion times.  Please call Public Works (860-464-9060) AFTER the storm has passed and clean up is over. They may help under certain circumstances as several forum members can attest. If it was the heavy snow being pushed by the plow that knocks down your mailbox, you are probably on your own.

Ledyard Winter Operation Facts:  http://ledyardct.org/DocumentCenter/View/2854

The Blizzard of 2016 brought only about 5 inches of snow to Ledyard so I had to go back to last year to find a worthy cover photo for “my mailbox was hit by a snowplow” song. (Photo contributed by a member of the Ledyard Forum)

Dead Flat Mailbox