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Ledyard Real Estate Update 10-14-2012

100_1244 The past 7 day finds a continued drop in the number of Active Listings in the Ledyard market. This is that time of year where sellers, who haven't sold their homes often take them off the market in anticipation of a better market this spring. This leaves a more limited supply of inventory for home buyers and less competition for sellers.

The Chart of the Week below proves the theory that the highest price closings happen in spring and summer, specifically April, May, June and July. Looking at the chart for this year to date, you'll see that the average sales price has continued to drop since July.

Ledyard Snapshot

The average list price (asking price) of the 97 homes currently on the market is $251,859. There are currently 21 homes pending with an average sold price of $217,105.

There were 9 new listings, 2 pending sales and 3 closed sales reported in the past 7 days.

Ledyard Chart of the Week

Ledyard Avg Prices - 10-14-12

The highest priced home to sell in 2012:  $395,000

137 residential homes sold in Ledyard in 2012.

  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.

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 Real Estate Statistics

Last 6 Months

On October 14th, the Connecticut Multiple Listing Service shows a total of 98 contracts have closed in the last 6 months with an average sold price of $228,060 and average days on market of 114. The $250,000 - $299,000 price range contains the highest # of sold listings (29) during the past 6 months.

A total of 60 listings have expired in that same time period. The $300,000 - $399,000 price range has the highest number of expired listings at 21 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.

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