Simply Ledyard started as a Real Estate Blog in March of 2005 and turned into a photo blog in 2007. You’ll find some history in the side bar. This is the very first Real Estate Update I’ve ever included in Simply Ledyard. Look for it every Sunday!
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The beat goes on. Unfortunately the beat is a slow one. There is only 1 pending sale to report from last week, a Gales Ferry home listed at $224,900. There were no closed sales reported.
The average price of a listing in Ledyard is $311,000 but the average sold price is $210,650. Those homes that are currently pending but not yet closed average $240,800. (For my statistician friends, using medium prices doesn't paint any rosier of a picture.)
Last week, the federal reserve raised the discount rate. Mortgage interest rates will soon follow. My friend Dan Green of The Mortgage Reports puts it this way, "If you're in the process of shopping for a mortgage or buying a home, the longer you wait to commit, the higher your mortgage rate will likely be." Spread the word to every buyer you know.
So what's the good news? The number of showings continue to increase. Eventually these buyers will be pulling out their checkbooks. If they wait too much longer they are going to miss the best interest rates in years as well as the extended tax incentive.
The other good news? Spring is not that far away!
Ledyard Real Estate - February 21, 2010
Number of Ledyard Homes Currently for Sale: 111
Last week there were 109 active listings in Ledyard.
Number of Ledyard Homes Currently Pending: 14
Number of Homes Sold in 2010: 10
There were 149 residential home sales in Ledyard in 2009.
There were 143 residential home sales in Ledyard in 2008.
There were 213 residential home sales in Ledyard in 2007.
The highest priced home to sell in 2009 & 2010: $385,000
Listings and sales reported by the members of the Connecticut Multiple Listing Service, Inc and may not represent all sales. Information deemed reliable but not guaranteed.
Search Homes for Sale in Ledyard and all of Connecticut at my Eastern Connecticut Home Finder.
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