Happy Birthday Simply Ledyard!

Simply Ledyard is 10

This month I celebrate the 10th birthday of “Simply Ledyard”. Most of my readers here are local or former Ledyard residents. During that ten years we have been through the peaks and valleys of the Ledyard Real Estate Market, two hurricanes (Irene and Sandy), a few blizzards, job loses at Foxwoods and Pfizer, a new CVS (a really big deal for Ledyard), and some new restaurants. We’ve passed two referendums for building projects, a new police station and major school renovations. I’ve restructured my real estate business and in my spare time won a few local elections.

While all my real estate friends use the Word Press platform, I’ve stubbornly remained here at Type Pad. I moved “Simply Ledyard” to another blog platform for a couple years but found this place more like home and returned again in 2007.Someone with some clout in the Social Media world, once described “Simply Ledyard” as a “Sweet Little Blog.”  I plan to keep it that way.

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.


Looking for a home in New London County?

New London County homes for sale and new listings in February are lower than the 5 year average. This is good news for home sellers but lower inventory makes finding a home a bit more difficult. This decrease in inventory is most likely due to our snow packed winter. Today is the first day of spring and snow is in the forecast. Be ready for the spring rush if the weather suddenly warms up. It will happen eventually.  Happy spring!

 

3-20-2015 New London County Active Listings


New London County Real Estate Report

This report of Single Family Homes 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 February.

What’s up and what’s down from a year ago?  Year to date (YTD) inventory is down about 8% from a year ago while the number of closed sales is down almost 10%.  Even more dramatic is that pending sales are down over 30% from a year ago. There is no question in my mind that weather has played a significant part in the decreases.

In the good news department, at least for sellers, prices are up in all measured areas. For a complete (and larger to read) report including condos and single families, click the graphic below.

3-16-2015 New London County Real Estate

These statistics are generated from a paid subscription to Market Trends Premium
Copyright 2015 Real Estate Business Intelligence, LLC. All riht Reserved. Data Source: 
CoreLogic, Statistics calculated March 07, 2015

 

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.


Ledyard Photo Friday

The Town of Ledyard's website is going through a makeover and that includes the addition of a bunch of new photos. I asked the members of the Ledyard Community Forum on Facebook to  submit their Ledyard photos which may end up on the Town's website. I offered a sweet treat to the person who’s photo I liked best. Linda Taylor-Macrino submitted a number of photos including this one taken in Gales Ferry Village. It is my favorite because the forsythia reminded me that although it is in the 30’s as I write this, spring isn’t too far off.

Spring in Gales Ferry Village


The Ledyard Community Forum on Facebook

Besides having a real estate business, teaching technology classes and chairing the Ledyard Town Council, I am also the administrator of the Ledyard Facebook Forum aka “The forum”.  The group was started in 2011 with about a dozen friends and has now mushroomed to almost 3000 members. I am always quick to point out that although I am the chairman of the council, the forum is not the “official” Town of Ledyard forum. The Town of Ledyard does have their own presence on Facebook.

The forum is a labor of love but can be very time consuming. It also requires me to make decisions which can be unpopular but are necessary in order to make members of the community want to remain and contribute. As a result of the technology I teach,  I follow and observe many community groups from around the country. I’ve seen what can happen to groups when they allow bad language, constant criticism and negativity. Generally only a handful of people contribute and the rest stop visiting.

The Ledyard  forum is 99.5% good. Several people, critical of my moderating style which includes strict rules, have left and some have even formed their own groups. For those looking for a group less moderated, having other options is a really good thing and benefits the forum.

I don’t feel I need to apologize for being positive about the forum or the Town of Ledyard. A community, whether a group on Facebook, or a town itself, is exactly what you make of it. How you view a community you belong to says as much about you as it does about the community.

Winter Header

 

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.

Ledyard Real Estate Update

iStock_000000408485SmallAlthough snow would be more appropriate for a photo, I'm hoping that the warmer weather of the next few days will help melt the white stuff and the spring real estate market can officially get underway. I can tell from the activity on my home search website that buyers are actively looking. It may be online from their recliners but they are looking, viewing and bookmarking favorites and getting ready to jump into the market.

Snow continued to be the big story in February but despite the weather Ledyard managed to close on 17 residential homes and put 12 others on deposit. In the not such good news department  - of those 12 homes, 9 were priced under $200,000.

It is still very early to start looking for trends for 2015 but the average listed price of the 19 total homes currently pending is around $204,000. Since those will most likely close lower than the listed price, it appears our average sales price will be hovering around $200,000 during the first quarter,

Inventory is currently at 100 listings which is slightly higher than a year ago.

P.S. If you would like to view homes anywhere in CT, CLICK HERE and sign on to my home search website. It is pretty revolutionary! You can like or dislike any photo, bookmark your favorite listings, and invite your family and friends to join you.

3-8-2015 Ledyard Real Estate

The average list price (asking price) of the 100 homes currently on the market is $267,358. There are currently 19 homes pending with an average list price of $203,489. There are an additional 8 homes listed as pending -"show for backup" with an average listed price of $259,212.

History of Ledyard Home Sales 

29 Closed Sales Reported in Ledyard during 2015 with a median sales price of $177,000.

Ledyard Real Estate Statistics - Last 180 Days

On February 8th, the Connecticut Multiple Listing Service shows a total of 92 contracts have closed in the last 180 Days with an average sold price of $216,129 (Median of $210,700). 

A total of 90 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.


Ledyard Photo Friday - Make it stop

Ledyard Photo Friday is back!  Although I post photos on many different days, Friday is the day to feature one that sums up the best of Ledyard for the week. This one was posted by Melissa MacHutta Cliett on the Ledyard Forum on Facebook. I think it captures what we are all feeling here in Eastern CT  Besides being snow weary, I’m not sure what we would do with anymore of the white stuff as we are running out of places to put it and we haven’t had weather warm enough to start melting it.

For the record, I’ve measured over 55 inches on my back deck in Gales Ferry. 25 inches would be much more typical.

Stop Snowing in Ledyard


Simply Ledyard is Under Construction

Under constructionIf things look different here at my Simply Ledyard blog, it’s because I’m long overdue for some updating. With spring just around the corner, it seems like a good time for a refresh. I’ve been blogging here for 10 years and I’m constantly tweaking but this time I’m making a major change to make my blog more user friendly on mobile devices. So for the next few days you may see some things out of place as I dismantle and rebuild.  - Linda 


Little Bites of Ledyard

I haven’t blogged in over a week which is very unusual for me. It is not that I didn’t have anything to say, just no time to write. A number of things happened this week in Ledyard that I thought made good blog material so here they are in no particular order.

  • Regionalization of local animal control facilities. - I read a Facebook comment from a resident in Ledyard who said that elected officials weren’t interested in what people think of the idea. As an elected official, I’d respond by saying of course we do but don’t assume your opinion is the only opinion we are hearing just because you speak louder or more publically on the topic. In the end, I don’t think it will be affordable for Ledyard but time will tell and all opinions are being heard.
  • Ledyard Town Budget - Speaking of money, budget hearings begin for the Ledyard Town Council on March 10th and continue on March 17th and 24th. These meetings are held in the Town Council chambers (behind Town Hall) and run from 1:00PM until completion, usually around 6:00PM. Don’t wait until the week of the referendum in May to get involved. By then, It will be too late to make a difference.

    17 - PeachesLedyard Farmers’ Market - I attended the market’s first meeting of 2015 last week.  The season will begin on June 3rd and will stay opened until mid October instead of closing in September for the season as in previous years. I heard some exciting new ideas. With the support of town residents, it should be a wonderful year. You can visit the Ledyard Farmers’ Market new website  to sign up for their newsletter so you can stay in touch with what is happening at the market each Wednesday. If you are involved with a community non-profit group, consider signing up for a spot Ledyard Snowman
  • Snowmen and Sledding – The first year for this event held at the Ledyard Middle School sledding hill,  Jessica Helton from the Ledyard Parks and Recreation Department did an outstanding job with her small group of volunteers. Adults and children shared in the fun. The Town Council built their own snowman which was quite the challenge with icy snow.
  • Do you have a BOLD IDEA for the Town of Ledyard? The Ledyard Town Council is always interested I hearing your ideas and suggestion son how the Town can work moe efficiently, improve services and better our community. Please email your BOLD IDEAS to council@Ledyard.org.

 

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.


New London County Real Estate Market Insight

This report of Singe Family Homes 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 January.

What’s up and what’s down from a year ago?  Year to date (YTD) inventory in January is down slightly from a year ago while the number of closed sales in January is identical to that of January 2014. Median prices are up around 6% in New London County year to date. Please note that percentages will vary from town to town.  For a complete (and easier to read) report including condos and single families CLICK HERE.

2-16-2015 New London County Real Estate

The following chart is a snapshot of all New London County Sales including condos with plus and minus stats for year over year as well as month over month.

2-16-2015 New London County Snapshot

These statistics are generated from a paid subscription to Market Trends Premium. 
Copyright © 2015 RealEstate Business Intelligence, LLC. All Rights Reserved. Data Source: CoreLogic. Statistics calculated February 07, 2015.
 

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.