Simply Ledyard CT

Ledyard Mortgage Monday

The web is full of mortgage and financial news and I find it important to keep up to date and follow any developing trends. Most of the news I view online but some arrives in my inbox. I use the weekend to catch up on my reading, try to get my inbox to zero (never happens), and clean out my feedreader.

 

Here is the stuff I found worth reading this weekend
from the Keeping Current Matters Blog:

Creating Wealth Through Home Ownership
The Proof!

Mortgage Predictions for 2012 
Mortgage Costs will Increase

Home Prices: Where they will be in Spring
List your home now?

Ledyard Real Estate Update

I'm a day late as I just returned from a real estate conference in Phoenix where the weather was way too cool but at least there was no snow.

There is not much activity to report for the past 7 days and only 2 homes have closed in Ledyard so far this year. Showings however, are brisk in many price ranges. I can say that it is as busy as it has been in quite awhile. These showings will soon start showing up as "pending sales".  It is inevitable!

Ledyard Real Estate Statistics

 

Below you will find a link to Ledyard Real Estate statistics provided by Real Market Reports. This report, dated January 16, 2012, includes all residential home sales in Ledyard as reported to the MLS. 

Link to Ledyard Real Estate Statistics

Ledyard Real Market reports that a total of 50 contracts have closed in the last 6 months with an average sold price of $221,338 and average days on market of 97. The average list price (asking price) of homes currently on the market is $256,477.

The $150,000 - $200,000 price range contains the highest # of sold listings. A total of 75 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 18 properties. 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.  

Ledyard Snapshot
Number of Homes Sold in 2012 - 2

127 residential homes sold in Ledyard in 2011
139 residential homes sold in Ledyard in 2010.
149 residential homes sold in Ledyard in 2009.
143 residential homes sold in Ledyard in 2008.
  213 residential homes sold in Ledyard in 2007.      

The highest priced home to sell in 2011: $480,000

There were 4 new listings, 3 pending sales and one closed sale in the past 7 days.

 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.

Ledyard Photo Friday - Phoenix

If I were in Ledyard, today's photo Friday would be a snow scene. Not to rub it in but I'm in Phoenix at a real estate conference. I'll be back to the real world of shovels, boots, and snow plows soon.

Ledyard Mortgage Monday

The web is full of mortgage and financial news and I find it important to keep up to date and follow any developing trends. Most of the news I view online but some arrives in my inbox. I use the weekend to catch up on my reading, try to get my inbox to zero (never happens), and clean out my feedreader.

Here is the stuff I found worth reading this weekend:

Mortgage Rates Hit Record Lows.
Again!

2011 Mortgage Charts and Graphs
In case you missed it last week! Good stuff here!

Exterior Replacement Projects Best Investment
Here's where to put your home improvement dollars.

Ledyard Real Estate Update

It is mid-January and we have only 1 closed residential sale in Ledyard to report for 2012,  but that isn't the total picture. Showings are up significantly and that is a very good thing. Whether it is due to ridiculously low interest rates or dropping home prices, buyers ARE looking.

The Eastern CT Association of Realtors has compiled their annual New London County 2011 Sales by Town for single family homes. You will find it below and can compare Ledyard’s real estate statistics to other area towns.

New London County CT 2011 Sales by Town

View more documents from Linda Davis

Ledyard Real Estate Statistics

Below you will find Ledyard Real Estate statistics provided by Real Market Reports. This report, dated January 9, 2012, includes all residential home sales in Ledyard as reported to the MLS.  

Ledyard Real Market reports that a total of 55 contracts have closed in the last 6 months with an average sold price of $218,671 and average days on market of 102. The average list price (asking price) of homes currently on the market is $256,974.

The $150,000 - $200,000 price range contains the highest # of sold listings. A total of 75 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 18 properties. 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. 

Ledyard Real Estate Report 1-9-12

View more documents from Linda Davis

Ledyard Snapshot 

Number of Homes Sold in 2012 – 1 

127 residential homes sold in Ledyard in 2011.
139 residential homes sold in Ledyard in 2010.
149 residential homes sold in Ledyard in 2009.
143 residential homes sold in Ledyard in 2008.
     213 residential homes sold in Ledyard in 2007.     

There were 4 new listings, 3 pending sales and 1 closed sale in the past 7 days.

 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.

Ledyard Photo Friday - Found on Flickr

Winter time is the hardest time to take photos for Ledyard Photo Friday especially without snow. (I am not complaining. I am not complaining.) I found this lovely Gales Ferry photo today on Flickr. 

The scoop about Ledyard Leaves

They are beautiful to look at but certainly create a lot of work when they fall. There seems to be much confusion about what to do with Ledyard leaves. If you don’t have a yard big enough to rake them out of sight, the Town of Ledyard does have two ways to help.

There is no charge to bring them to the town Transfer Station at 889 Colonel Ledyard Highway.  If that is not an option for you, then the town will pick them up. The leaves Must be in biodegradable bags. The bags are available commercially or at Town Hall, Libraries, and Transfer Station. Leaves will be collected on Wednesday of each week.  You must call for a pick-up.”

You’ll find more details on the bulky waste page of the Town of Ledyard website.

2012 Top 10 Housing Predictions

Dave Liniger, chairman of RE/MAX International is a pretty smart guy when it comes to real estate.  When he talks, I listen.  Here is what he has to say about real estate in 2012.

Ledyard Mortgage Monday

The web is full of mortgage and financial news and I find it important to keep up to date and follow any developing trends. Most of the news I view online but some arrives in my inbox. I use the weekend to catch up on my reading, try to get my inbox to zero (never happens), and clean out my feedreader.

Here is the stuff I found worth reading this weekend:

Predictions for Distressed Properties in 2012
As far as real estate, I'm not sure what I believe anymore.

2011 Mortgage Charts and Graphs
Great stuff
Rent or Buy a House Calculator
Sometimes renting does make more sense.

Ledyard Real Estate Update

2011 was a challenging year for Ledyard Real Estate. We did better than some of our neighborhood towns and worse than others. The increase in short sales and foreclosures, rising home inventory, and the announcements of more layoffs in the area all contributed to another year of declining sales.

The average selling price of single family homes in Ledyard declined from a high of $294,000 in 2007 to $218,000 in 2011. There were only 127 residential home sales last year, the lowest since I've been following the statistics closely. (1989)

The Ledyard Real Estate Statistics below will give you the details of the last 6 months of 2011 which were slightly worse than the first 6 months.  What's the good news?  Showings have begun to increase in most price ranges except for the very highest.

Ledyard Real Estate Statistics

Below you will find Ledyard Real Estate statistics provided by Real Market Reports. This report, dated January 2, 2012, includes all residential home sales in Ledyard as reported to the MLS.  

Ledyard Real Market reports that a total of 54 contracts have closed in the last 6 months with an average sold price of $217,628 and average days on market of 103. The average list price (asking price) of homes currently on the market is $258,576.

The $150,000 - $200,000 price range contains the highest # of sold listings. A total of 75 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 18 properties. 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.

Ledyard Real Estate Report 1-1-12

View more documents from Linda Davis

Ledyard Snapshot

Number of Homes Sold in 2012 - none so far
127 residential homes sold in Ledyard in 2011
139 residential homes sold in Ledyard in 2010.
149 residential homes sold in Ledyard in 2009.
143 residential homes sold in Ledyard in 2008.
213 residential homes sold in Ledyard in 2007.     
The highest priced home to sell in 2011: $480,000

There were 6 new listings and 2 pendings sales in the past 7 days:

Photo above taken in the Ledyard High School Library.