Little Bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is a compilation of Ledyard news, events and items of interest in the Ledyard Community. Not enough for a blog post but just a bite with direct links to more information!  This week I have news about the the next Ledyard Town Council Meeting, the Wednesday’s Farmers Market, voting and the Ledyard Food Pantry.

Ledyard MEETING NOTICE: The Ledyard Town Council meets Wednesday, September 28th at 7:00PM at the Town Hall Annex. Items on the agenda include purchase of a document management system, discussion of extra individual trash carts for a fee, change of start time for trash/recycling collection pick up from 7AM to 6AM.

There is still good stuff to be had at the Ledyard Farmers Market.  Check out their NEWSLETTER for a list of vendors and food trucks.  Yes, Ekonk Turkey Farm will be back with their famous turkey salad.

Only 42 days left until the Presidential Election. Comprehensive voter information is found at www.votect2016.org

The Friends of the Ledyard Food Pantry now have donation boxes at Village Market, Holdridge Farm Nursery, and the Hallway at Gales Ferry Landing. Household products from the new Dollar Tree in Gales Ferry make up our wish list! If you would like to donate from your couch, check our Friends of the Food Pantry wish list.

 

Donate to the Ledyard food Pantry


New London County Real Estate Update

This report of Single Family Home Sales 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 August.  What’s up and what's down from a year ago? The good news is that the number of closed sales Year to Date (YTD)  in New London County is up 15% from a year ago.  The number of new pending sales Year to Date is  up 7%  for that same period. The number of active listings (2082) is down from from a year ago and also down from July.  The median year to date sold price of $205,000 is the same as a year ago but the median sold price in July of $220,000 is up 7 percent from a year ago. Please note that statistics will vary from town to town.

For a complete (and easier to read) New London County Real Estate report including condos and single families click on the photo below.

2016-09-24 New London County

    

Copyright © 2016 RealEstate Business Intelligence, LLC. All Rights Reserved.
Data Source: CoreLogic. Statistics calculated September 6, 2016.

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.


Little Bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is a compilation of Ledyard news, events and items of interest in the Ledyard Community. Not enough for a blog post but just a bite with direct links to more information!  This week I have news about upcoming Ledyard Town Meetings, the Ledyard Food Pantry and of course the Ledyard Farmers Market.

The Town Council meetings for the week beginning September 18, 2016 can be accessed on the Accela (IQM2) Web Portal . Meetings are open to the pubic.

Rolling Tomato and Munchies food trucks will both be at the Ledyard Farmers Market on Wednesday. Perfect timing to grab dinner!  You will find market information plus a list of all the vendors in this week’s market newsletter.

I launched the Friends of the Ledyard Food Pantry this week on Facebook.  While the Town of Ledyard encourages donations of basic foodstuffs to the Ledyard Food Pantry, "Friends of the Ledyard Food Pantry" was created to provide and encourage the donation of additional food options, personal care items and household products. The pantry is opened on Tuesday, Thursday and Saturday from 9-11AM as well as Thursday from 5-7PM. Signing up as a friend is free and you will be updated with latest news and activities of the Ledyard Food Pantry.

Speaking of the Ledyard Food Pantry, starting Monday, September 19 and lasting until September 30, the Ledyard Public Libraries will be accepting items for the Ledyard Food Pantry in lieu of fines.

Ledyard Radishes


Little Bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is a compilation of Ledyard news, events and items of interest in the Ledyard Community. Not enough for a blog post but just a bite with direct links to more information!  This week I have news about the Ledyard Regional Visiting Nurse Agency, the next Ledyard Town Council Meeting, Joining Night for the Ledyard Cub Scouts and Wednesday’s Farmers Market

Healthcare today is rapidly changing and Ledyard Regional Visiting Nurse Agency is changing with it. Many Ledyard residents don’t know about the Town Nurses or that they make home visits. The only thing you have to do is ask for your Ledyard nurses from your doctor or hospital/nursing home discharge planner. If you don’t, due to the competitiveness that now exists in healthcare, another agency will be sent to your home. Here is a testimonial:

“Excellent, excellent care. Nikki, Brenda and Krista exceeded all expectations. My only regret is that I did not take the time to do this earlier. Ledyard VNA provides a much needed service and are to be commended. I thank them for all they do.” -  Claire Murphy - Ledyard

For more information 860-464-8464 - Ledyard Regional VNA

Ledyard Town Hall AnnexLedyard MEETING NOTICE: The Ledyard Town Council meets Wednesday, September 14th at 7:00PM at the Town Hall Annex. Items on the agenda include Letters of Commendation from Police Chief John Rich, a Library Commission Report from John Bolduc and a vote on end of Fiscal Year 2015-201 budget transfers as well as a vote on the replacement of the existing Town Hall boilers to propane units.

Ledyard Cub Scout Joining Night will be held at Gallup Hill School or Ledyard Center School from 6-8PM on September 14th This is an opportunity to learn about Cub Scouts and what it has to offer. Open to boys entering grades K-5. You do not need to come right at 6 or for the whole time.

My favorite Turkey Pot Pie and Turkey Salad will be offered by Ekonk Hill Farm Wednesday Night at the Ledyard Farmers Market!  You’ll find all the information in their Newsletter.


Ledyard Real Estate Update - September Edition

8 Birch St LedyardI'm hoping that when we look back on Ledyard Real Estate in 2016, we can say that August was the month when we turned the corner. Both the average and the median sales price have finally crossed the $200,000 mark and there were 6 homes which closed in August priced over $300,000. A home at 43 Pheasant Run Drive on 10 acres closed at $409,000, the highest price of the year. 

August is typically a slow month but not in 2016. We had 17 pending sales with a median sales price of $234,900. September and October are usually solid months so we should have more good news coming up. 

On the Market

Inventory dropped slightly in August. (good news for sellers). There are currently 109 single family homes on the market. The median list price is $255,000. There were 24 new or back on the market listings reported in August. I am ready to report that we have shifted from a buyer's market to a balanced market which would indicate that prices should start rising.


Current Pending Sales

There are currently 29 pending listings with a median list price of $234,900. There were 17 new pending sales reported in August with a median list price of $265,000. 

There are currently 20 pending but "Show for Backup" with a median list price of $209,000. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing. 

Closed Sales

There are currently 167 closed sales in Ledyard with a median sales price of $203,000.  There were 28 closed listings in August. 

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 138 homes that have closed in the past 6 months is $202,000. This number is trending up and now (Finally) exceeds the median sold price in 2015!

The median price of the 138 homes that have sold in the past 6 months is $202,000.

1 - 2015 Ledyard Home Sales

 

Real Estate News

Putting your home on the market soon?  Click Here for 10 things to never ever show when your home is on the market.

Data to Consider

This LINK will take you to 2015 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. 

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.

Listings and sales reported by the members of the CT MLS, Inc and may not represent all sales. Information deemed reliable but not guaranteed.


Little Bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is a compilation of Ledyard news, events and items of interest in the Ledyard Community. Not enough for a blog post but just a bite with direct links to more information!  This week I have news about Ledyard Trash Pickup, the Ledyard Farmers Market, Ledyard Libraries and the Ledyard Fair.

Ledyard Trash Talk from the Public Works Director – I posted this message from the Ledyard Public Works Director on the Ledyard Community Forum on Facebook. Many people were surprised about the information about plastic bags and the pizza boxes.   “By way of an important reminder, plastic bags are NOT acceptable for recycling and should NOT be placed in the blue cart. This has been observed to be a widespread issue. If it is your practice to collect acceptable recyclables in plastic bags, they must be emptied from the bags into the blue cart and the bags reused or disposed of as trash. Also, soiled paper and cardboard, such as greasy pizza boxes, are not acceptable as recyclable. Any portion of such items that is soiled must be disposed of as trash (e.g., the clean portion of pizza boxes may be separated from the soiled portion and placed in the blue cart with the soiled portion going in the trash cart).”

Due to the Ledyard Fair taking place on the Fairgrounds, the Ledyard Farmers Market will be on the grassy area between the Bill Library and the Ledyard Congregational Church. Some Market hours, same Market day, just a different Market location. This is for one week only. On Sept. 14 they will be back on the Fairgrounds as normal.  Here are some of the Vendors you will find at the market.

The Friends of the Ledyard Libraries are holding their  Annual Book Sale with paperbacks, hardcover fiction, and many, many categories of non-fiction books. They also have puzzles, games, DVDs, CDs and books on CD. There are a few select VHS tapes as well. Here’s the schedule:

Wednesday Sept. 7th, 6-9 pm member's night. Members in good standing free entry, $5 entry for all others.
Free entry the remaining days:
Thurs, Sept. 8th, 9am - 9pm
Fri, Sept. 9th, 9am - 9pm
Sat, Sept. 10th 9 am - 9pm Prices cut in half
Sun, Sept. 11th, 12pm - 6pm Prices cut in half again
Mon, Sept. 12th, 9am - 9pm All items 25 cents

The 71st Ledyard Fair will be held on Friday, September 9, 10 and 11. This year’s talent features Season Three Winner of The Voice, Country Western star Cassadee Pope and local favorite Braiden Sunshine. They will both be performing on Sunday. For the whole scoop visit the Official Ledyard Fair Website.

2-LF (Large)


What a difference a rate makes!

In the late 70's,  I sold a new construction home in the Pheasant Run section of Gales Ferry.  Because It was under construction and took several months to complete, the buyer had to “float” the interest rate rather than doing a “rate lock”. The weekend before the closing, the rate jumped to 17.25%. Of course, home prices then were considerably less but there is no question the interest rate you secure directly impacts your monthly payment and the amount of house that you can afford.  Years later the rates hovered around the 8% mark for a long period of time. Today they remain at historical lows.

 

Interest Rates in CT


Little Bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is a compilation of Ledyard news, events and items of interest in the Ledyard Community. Not enough for a blog post but just a bite!

The 71st Ledyard Fair will be held on Friday, September 9,10 and 11. This year’s talent features Season Three Winner of The Voice, Country Western star Cassadee Pope and local favorite Braiden Sunshine. They will both be performing on Sunday. For the whole scoop visit the Official Ledyard Fair Website.

The Ledyard Food Pantry will be closed on Saturday, September 10, 2016 due to the Ledyard Fair.  Speaking of the pantry, making a donation to the Pantry is now easier than ever!  Here you’ll find an up-to-date Wish List and you won’t have to leave the comfort of your home to do the shopping.

Rolling Tomato, Uncle D's Blazin' BBQ, and Munchies will be at the Ledyard Farmers Market this week to provide dinner options to carry out or eat at the Market on one of the many picnic tables under the Holdridge Pavilion. CLICK HERE for more about this week's Wednesday market.

The Ledyard Community Forum on Facebook often talks trash!  For what you need to know about Ledyard’s Curbside Collection, read the latest FAQ sheet.


Connecticut Housing Finance Authority Rates Drop to New Lows!

Keith-TurnerBreaking news from Keith Turner of McCue Mortgage Company:

CHFA has lowered their interest rates, thus giving  prospective buyers a little more buying power.  They are now as follows.

CHFA Government Rate (CHFA/FHA, CHFA/VA, CHFA/USDA): 2.625%  (2.375% in New London)

CHFA Conventional (CHFA/Conventional, CHFA/HFA): 2.75% (2.50% in New London)

This is the lowest 30 year, fixed, interest rate that has ever existed.  There hasn’t been a better time financially to purchase a home.