This week I can report on the tale of two listings that closed in the past week. There were 5 closed sales and two of those were listed over $300,000. I followed up on their histories and found them amazingly similar. Both properties last sold in the summer of 2006, one at $399,000 and the other at $399,900. Last week they closed at $345,000 and $352,500. Both sellers actually did better than most and that is because both houses were less than 10 years old and the loss of value was less than we are seeing on older homes.
I always tell sellers when they take such a loss to not look back. There isn’t much more to say.
Ledyard Real Estate Statistics
Below you will find Ledyard Real Estate statistics provided by Real Market Reports. This report, dated 7/25/2011 includes all sales in Ledyard including condominiums and mobile homes. As a result, the numbers will differ slightly from my reports which were updated today and show residential single family homes only.
Ledyard Real Market reports that a total of 72 contracts have closed in the last 6 months with an average sold price of $212,334 and average days on market of 99. The average list price (asking price) of homes currently on the market is $276,497.
The report describe the market as "somewhat slow" with the $200,000 - $250,000 price range containing the highest # of sold listings.
A total of 39 listings have expired in that same time period. The $150,000 - $200,000 price range has the highest number of expired listings at 10 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.
Number of Homes Sold in 2011: 83
There were 139 residential home sales in Ledyard in 2010.
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 2011: $425,000
There were 3 new listings, 2 pending sales and 5 closed sales in the past 7 days in the past week.
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.