Before reporting my Ledyard monthly update, I wanted to mention that Merry Cassabria and I in cooperation with Putnam Bank are having a Community Shred event on Saturday, September 12th at Putnam Savings Bank from 9-12PM. (Limit of 4 boxes). We hope the event helps anyone working on eliminating and decluttering even if you are not getting ready to put your home on the market!
The number of pending sales is at its lowest level since prior to the spring market. Not unusual though, as many buyers try to close before the start of school. The market should pick up again once Labor Day is passed and buyers are back house hunting.
The median closed price in Ledyard continues to inch up but has a way to go to reach last years median sold price of $219,750. You will find a little better news in the 6 month report at the end of this update.
As of September 9th, the average list price (asking price) of the 130 homes currently on the market is $247,600. There are currently 22 homes pending with an average list price of $218,000. There are an additional 14 homes listed as pending -"show for backup" with an average listed price of $241,600.
When clicking the links below, select "display" for views with photos and additional information.
There were 36 new listings reported during the month of August. There are 22 homes currently pending. There are an additional 14 homes reported as pending but show for backup in Ledyard. There were 19 closed sales reported during the month of August.
History of Ledyard Home Sales
132 home sales have been reported closed so far this year, with a median sold price of $199,000.
Ledyard Real Estate Statistics - Last 180 Days
On September 5th, the Connecticut Multiple Listing Service shows a total of 104 contracts have closed in the last 180 Days with an average sold price of $224,200 (Median of $210,500). TREND IS UP
A total of 59 listings have expired TREND IS UP in that same time period. This continues to be an 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 next spring market. 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.
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.