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Ledyard Real Estate Update

CVS What's up and what's down in Ledyard residential real estate?

The average sales price of $233,000 over the past 6 months, is up over the previous 6 months. Rising sales prices are always good news for home sellers.

The number of closed sales  is up 20% over the number of closed sales one year ago.  More homes are selling!

The inventory of 106 homes is down from a high of 125 just about one year ago. Low inventory is good news for sellers.

The pending sales average is down to $215,000. Could this be an indication of a future drop in average sales price?

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 September 16th, Ledyard Real Market Reports show a total of 92 contracts have closed in the last 6 months with an average sold price of $236,755 and average days on market of 105. The average list price (asking price) of homes currently on the market is $265,382.

The $150,000 - $200,000 price range contains the highest # of sold listings during the past 6 months. A total of 48 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 11 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 - 120
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 8 closed sales reported in the past 14 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.

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