The interest rates have reached record lows once again bringing good news to buyers. Some sellers should experience more showing activity as a result. I'm certainly seeing this in the under $250,000 range where a flurry of showings happened this week on my listings.
The over $300,000 price range remains painfully slow. The average listed price of Ledyard's 21 pending sales is $220,000, while the median price is $174,000. The actual sold prices will not be reported until these homes have closed.
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 September 23rd, Ledyard Real Market Reports show a total of 90 contracts have closed in the last 6 months with an average sold price of $234,316 and average days on market of 102. The average list price (asking price) of homes currently on the market is $260,604.
The $150,000 - $200,000 price range contains the highest # of sold listings during the past 6 months. A total of 52 listings have expired in that same time period. The $300,000 - $350,000 price range has the highest number of expired listings at 13 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 - 122
Number of Homes Currently Pending - 21
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 5 new listings, 3 pending sales and 2 closed sales reported in the past 7days.
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.
Ledyard Foreclosure Report
According to data provided from CoreLogic through the Connecticut MLS, there are currently 5 homes in Ledyard and Gales Ferry in "Pre-foreclosure" and 20 "bank owned" homes. This number has been holding steady for several months.
Pre-foreclosure is defined as the period after the lender has filed the original complaint and a lis pendens on the property, indicating the intent to foreclose. (Not all will end up being bank owned.)