Ledyard Real Estate Quick Stats

LedyardQuick StatsLedyard Real Estate Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale has begun dropping which is pretty typical this time of year as many sellers prefer to wait until after the holidays to market their home. As far as pricing, Ledyard continues to see a positive real estate market as the median closed sale price has improved by over 10% from 2016 when the median price of residential home sales was $204,000. The median price of the 228 Ledyard residential sales in 2017 is $227,675 with the highest price sale at $550,000. (A contemporary home on the waterfront on Long Pond)

In 2016 there were 247 residential home sales in Ledyard.  At the current pace we will not exceed that number in 2017.

Ledyard Quick Stats


Ledyard Lights Update

2016-12-28 19.16.37Get ready for a decorated Jeep tour of Ledyard Lights!  Decorated Jeeps will gather at Holdridge Farm Nursery starting at 3PM on December 17th.  Judging of the Jeeps will take place at 4:30PM. The Tour of Ledyard Lights begins at 5 PM and the jeep drivers will select their favorite home on the tour.

If you see a display of lights you think we might enjoy, or if you have a nice display but don't want to enter the contest, please send me the location and we will add the home to our "Drive-by" list. We are hoping to have a great list to share with you and for our Jeep Tour drivers.

Deadline to SIGN UP is December 10th.


Town of Ledyard Meeting Schedule

LEDYARDNEWSThe Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning December 4th can be accessed by going to www.OpenLedyard.com.  Select all meeting groups on the pull down menu on the left or just the meeting you are interested in. Members of the public are welcome to attend all meetings except those held in executive session. Resident and Property Owners are invited to comment  at the start of most regular meetings.

Meetings of Note: 

The Swearing in of Mayor Fred Allyn III will take place on Monday at 10AM at the Ledyard Center School. Town Council and Board of Education members will be sworn in that evening at 8PM.

A  joint Finance Committee Meeting of the BOE and Town Council Finance Committees will be held  Thursday,  December 7th at 6PM at the Ledyard Town hall Annex. 

Board of Education meetings can be found at the BOE web portal.

 

Ledyard Meetings


Ledyard Real Estate Update

Main FrontThere were only 10 Ledyard sales reported in November as we head into a typical holiday real estate season. While buyers won't be quite as plentiful over the next 60 days, those looking to find their home for the holidays will be serious in their pursuit.

Inventory remains low with 88 active listings. Continued good news for sellers, the 223 Ledyard closed sales in 2017 have a median sold price of $227,500 a significant increase over the median closed price in 2016 of $204,900. 2017 is on track to be a stellar year for Ledyard Real Estate in terms of median sales price.

Many of you have taken advantage of being individually notified by email on a monthly, weekly or daily basis as listings become available, on deposit or sold in Ledyard or in your neighborhood. If you would like to be added to our automatic MLS search,  fill out this Quick Form or reply to this email with your search criteria.

On the Market

On December 2nd,  there were 88 single family homes on the market In Ledyard with a median price of $249,900. Inventory remains low and buyers don't have a big selection in certain price ranges. While there are 21 home listed under 200,000,  only 15 homes are listed in the popular $250,000 - $300,000 price range throughout Ledyard.  

For a link to receive new listings in Ledyard or just in your neighborhood fill out this Quick Form

Current Pending Sales

On December 2nd there were 33 pending listings with a median list price of $234,900.

There were 4 pending sales but "Show for Backup" with a median list price of $264,900. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing.
This combined total of 37 pending sales has remained steady over the last several months.

Closed Sales

In 2016, there were 247 closed sales in Ledyard  with a median sales price of $204,000. 

2017 offers positive news with 223 closed sales to date in Ledyard with a median sales price of $227,500. The median sales price number has dropped over the past two months as more lower priced homes have become available and have been purchased but overall it is still very good housing news for Ledyard. As a good example, in November there were 10 Ledyard closed sales with a median sales price of only $197,600.

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 126 homes that have closed in the past 6 months is $225,000 which is trending down slightly from the first 6 months of the year.

The median price of the 126 homes that have sold in the past 6 months is $225,000.

Ledyard Closed Sales 2016

Home pictured above is our new listing at 14 Sherwood Trace.


Town of Ledyard Meeting Schedule

LEDYARDNEWSEach weekend I post a calendar of Ledyard Town Meetings for the upcoming week. There are no Town meetings scheduled the week of November 27th. The Board of Education does have a meeting scheduled for November 29th. Information can be found at this LINK.

The Swearing in of Mayor Fred Allyn III will take place on Monday at 10AM at the Gallup Hill School. Town Council and Board of Education members will be sworn in that evening at 8PM.


Ledyard's Favorite Pie

When I asked the Ledyard Community Forum on Facebook, “If you could have only one piece of pie on Thanksgiving Day, which kind would you choose?”, I expected that Pumpkin would be the favorite.  I admit my surprise that Pecan finished in second place beating out Apple. Forum member Michael Dreimiller created this graphic PIE chart demonstrating the over 200 answers. Happy Thanksgiving Ledyard! While I won’t be eating the traditional Turkey dinner, I will be enjoying a piece of Pumpkin Pie with Prime Rib, my Thanksgiving tradition.

Pie Chart


Ledyard Real Estate Quick Stats

Ledyard Real Estate Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale has remained level for several weeks and is at a reasonably low number for this point in the year. Once again I can report that Inventory is still less than it was one year ago when there were over 100 homes on the market.

As far as pricing, Ledyard continues to see a positive real estate market as the median closed sale price has improved by over 10% from 2016 when the median price of residential home sales was $204,000. The median price of the 216 Ledyard residential sales in 2017 is $225,900 with the highest price sale at $550,000. (A contemporary home on the waterfront on Long Pond)

In 2016 there were 247 residential home sales in Ledyard.  At the current pace we most likely will not exceed that number in 2017.

Ledyard Quick Stats


2017 Ledyard Lights

Headquarters 2 BoxedJudging begins on December 11th for the 3rd annual 2017 Ledyard Lights Contest. The contest is for exterior decorations including decorations in windows that are visible from the exterior. No professional decorating allowed.

The following will be awarded:
THE CHEVY CHASE AWARD - Over the top display with lots of lights. Eversource depends on you.
THE HOUSE BEAUTIFUL AWARD - Tasteful, beautiful, elegant - Martha Stewart would be proud.
THE INNOVATIVE IDEAS AWARD - Most creative. You march to the beat of a different drummer.
JUDGE'S AWARD - All homes will be included in this category.
THE LEDYARD FORUM FAN FAVORITE as voted on by members of the Ledyard Community Forum on Facebook from the finalists selected by the Judges.

A home can only win two years in a row in a single category at which time it will be retired and entered into the Ledyard Lights Hall of Fame. This year’s entry into the Ledyard Lights Hall of Fame is 1 Erin’s Way (House Beautiful).

Winners will receive a temporary sign in front of their home designating their superiority over the rest of us and also win prizes including some M&M's. No trips, cars or cash. This is all about bragging rights. However, if any local businesses would like to contribute a prize, we will be happy to accept.

To register as a participant, please fill out this FORM.

As always, this is supposed to be fun and the rules could change just because. Thank you to our judges Linda Davis, Merry Cassabria, Lisa Hirschfield, Bev Nachtwey and Jackson Favry. 

Sponsored by Merry Cassabria and Linda Davis of REMAX Realty Group.


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning November 11th can be accessed by going to www.OpenLedyard.com.  Select all meeting groups on the pull down menu on the left or just the meeting you are interested in. Members of the public are welcome to attend all meetings except those held in executive session. Resident and Property Owners are invited to comment  at the start of most regular meetings.

The start of the 2017-2018 Ledyard Budget Season begins this Thursday.  A  joint Finance Committee Meeting of the BOE and Town Council will be held  Thursday,  November 16th at 5PM at the Ledyard Town hall Annex. 

Board of Education meetings can be found at the BOE web portal.

Ledyard Meetings


Ledyard Real Estate Quick Stats

Ledyard Real Estate Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale was increasing but now has leveled off and is at a reasonably low number for this point in the year. Once again I can report that Inventory is still less than it was one year ago when there were over 100 homes on the market.

As far as pricing, Ledyard continues to see a positive real estate market as the median closed sale price has improved by over 10% from 2016 when the median price of residential home sales was $204,000. The median price of the 212 Ledyard residential sales in 2017 is $227,700 with the highest price sale at $450,000.

In 2016 there were 247 residential home sales in Ledyard.  At the current pace we most likely will not exceed that number in 2017.

Ledyard Quick Stats