Ledyard Real Estate Update

Is this the slowest week of the year in real estate?  It could be. While not much real estate business is conducted during the week between Christmas and the New Year, this week looks to be pretty quiet with the 4th of July holiday plopped in the middle of the week. No one seems to know which days to celebrate so it appears that the whole week is destined to be a holiday for those who can pull it off.

For those of you still working and reading, here is a bit of a holiday week bonus.  The Hartford Courant has a great database that shows a Connecticut Town by Town comparison of Real Estate Sales and Median Home Prices January through April of 2006-2012. I'm hoping they keep updating this. It is a great overview of the Connecticut Real estate market.

Below you will find a link to Ledyard Real Estate statistics provided by Real Market Reports. This report includes all Ledyard Home Sales as reported to the Connecticut Multiple Listing Service during the past 6 months.

Link to Ledyard Real Estate Statistics

On July 1st, Ledyard Real Market Reports show a total of 79 contracts have closed in the last 6 months with an average sold price of $223,704 and average days on market of 99. The average list price (asking price) of homes currently on the market is $271,139.

The $150,000 - $200,000 price range contains the highest # of sold listings during the past 6 months. A total of 57 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 17 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 - 82
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 2012:  $395,000

There were 8 new listings, 1 pending sales and 5 closed sales reported 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.