Les Bray of Sound Investment Consultants has a way with numbers. I find his website and blog to be a good resource of local statistics. One item of interest is his projection of when the market will recover in a particular town in the area. Ledyard peaked with a median sales price of $276,000. Based on his projections, he indicates that Ledyard will return to the peak in 2020. You will find this data and a comparison of other towns at his Current Statistics Page.
Of course, no one really knows the answer to when the Eastern Connecticut Real Estate market will return to peak prices but unless we experience another real estate boom, peak prices won't be returning anytime soon.
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.
On July 30th, Ledyard Real Market Reports show a total of 86 contracts have closed in the last 6 months with an average sold price of $226,333 and average days on market of 103. The average list price (asking price) of homes currently on the market is $267,643.
The $150,000 - $200,000 price range contains the highest # of sold listings during the past 6 months. A total of 44 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 14 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 2012 - 99
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 4 new listings, 0 pending sales and 3 closed sales reported in the past 7 days.
Photo above of my new listing at 41 Overlook Road in Gales Ferry
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.