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July 2017

Ledyard Yarn Bombing

The Ledyard Chapter of Yarn Bombers Anonymous has been busy wrapping colorful knitted or crocheted strips around lamp posts, columns, street signs and mail posts throughout Ledyard.  Yard Bombing is knit and crocheted graffiti which originated in Texas in 2005 and has since grown worldwide.  It came to Ledyard about a year ago and to my mailbox this week. International Yard Bombers day is celebrated on June 11th.

Yarn Bombed


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning June 26th can be accessed by going to www.OpenLedyard.com.  Select all meeting groups on the pull down menu on the left or just the meeting you are interested in. Members of the public are welcome to attend all meetings except those held in executive session. Resident and Property Owners are invited to comment  at the start of most regular meetings.

The Town Council will be meeting this week. On the agenda is a vote to approve  Andra Ingalls as a new Town Councilor to fill the seat held by Mayor Fred Allyn.

Board of Education meetings can be found at the BOE web portal.

 

Ledyard Meetings


Ledyard Real Estate Quick Stats

Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  The beat goes on and the news continues to be good for sellers although inventory has increased a bit since last week.  The median closed sale price is seeing a nice improvement from 2016 when the median price of residential home sales was $204,000. The number of sales under deposit has dropped but that is a consequences of the historic low inventory.

Ledyard Quick Stats

Listings and sales reported by the members of the CT MLS, Inc and may not represent all sales. Information deemed reliable but not guaranteed.


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning June 19th can be accessed by going to www.OpenLedyard.com.  Select all meeting groups on the pull down menu on the left or just the meeting you are interested in. Members of the public are welcome to attend all meetings except those held in executive session. Resident and Property Owners are invited to comment  at the start of most regular meetings.

There is no Town Council Meeting this week.

Board of Education meetings can be found at the BOE web portal.

Ledyard Meetings


Ledyard Real Estate Quick Stats

Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  The beat goes on and the news continues to be good for sellers as inventory remains extremely low.  The median closed sale price is seeing a nice improvement from 2016 when the median price of residential home sales was $204,000. The number of sales under deposit has dropped but that is a consequences of the historic low inventory.

 

Quick Stats

Listings and sales reported by the members of the CT MLS, Inc and may not represent
all sales. Information deemed reliable but not guaranteed.


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning June 12th can be accessed by going to www.OpenLedyard.com.  Select all meeting groups on the pull down menu on the left or just the meeting you are interested in. Members of the public are welcome to attend all meetings except those held in executive session. Resident and Property Owners are invited to comment  at the start of most regular meetings.

The Town Council will be meeting on Wednesday to set the mill rate.  The Finance Committee has recommended a mill rate of 32.54 an increase from 31.9 mills. Unfortunately the State has not passed a State Budget so we are not sure what Ledyard’s State revenue will be.  A supplemental tax bill in January remains a possibility.

Board of Education meetings can be found at the BOE web portal.

 

Ledyard Meetings


Ledyard Real Estate Update

Photo 1We are in a seller's market! This is great news for sellers but not so good for buyers as inventory continues to drop in 2017! There are only 64 active residential listings in Ledyard, a significant drop from only 30 days ago when there were 79 homes on the market. Even better news for sellers, the 96 closed sales in 2017 have a median sold price of $231,500 a mighty increase over the median closed price in 2016 of $204,900. 

With inventory so low, I expect a strong summer market although traditionally July and August are slow months as home buyers are occupied with vacations and school preparation. 

If you would like to be notified by email as listings become available, go under deposit or sell in your neighborhood, we would be happy to add you to our automatic MLS search. Just send me an email and I will set it up.  It is quick and easy.

On the Market

As mentioned above, inventory remains quite low (good news for sellers). On June 6th there were ONLY 64 single family homes on the market In Ledyard with a median price of $279,500. 

Current Pending Sales

There are currently 29 pending listings with a median list price of $269,900. There are 30 pending sales but "Show for Backup" with a median list price of $225,000. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing. The combined total of 59 pending listings is outstanding and we haven't seen a number that high since the peak years of 2005 - 2007.

Closed Sales

In 2016, there were 247 closed sales in Ledyard  with a median sales price of $204,000. 

2017 offers positive news with 96 closed sales to date in Ledyard with a median sales price of $231,500

While it is useful to follow month by month, a 6 month trend is a better indicator of market conditions. The median price of the 113 homes that have sold in the past 6 months is $227,900.

Ledyard Closed Sales 2016

Real Estate News

Buying a home or refinancing?  Click Here for almost everything you want to know about mortgage rates.

Data to Consider

This LINK will take you to 2016 New London County Market Statistics by Town, including Ledyard as prepared by the Eastern CT Association of Realtors using sales reported by the members of the Connecticut Multiple Listing Service. 

Listings and sales reported by the members of the CT MLS, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.


Ledyard Real Estate Quick Stats

Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  The news continues to be good for sellers as inventory remains extremely low. A year ago there were 112 residential homes on the market in Ledyard and today there are only 64.  The median closed sale price is seeing a nice improvement from 2016 when the median price of residential home sales was $204,000. The number of sales under deposit has dropped but that is a consequences of the historic low inventory.

Quick Stats

Listings and sales reported by the members of the CT MLS, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.


Ledyard Yard Sale 06339 on June 10th

This Ledyard Yard Sale post will be updated as news becomes available.  Below is the map and a link to the driving list for the 80+ yard sales to be held in Gales Ferry on June 10th. 

Updated June 6 - Final driving list:   Download 06339 Driving List PDF

At Village Market:  Linda Litsch and her “Terry Brodeur Team” will be selling Hot Dogs, Baked Goods,  Lemonade and  Bottled Water by donation with 100% of proceeds to the Terri Brodeur   Breast Cancer Foundation. (100% of donations go to valuable research.)

SELLERS:  Signs will be available at REMAX REALTY GROUP at 1641 Route 12 from 10-3  this week. Keep in mind that shoppers will not have time to visit all 85 locations so make your location easy to find by adding additional signs. Work with your neighbors on corners!! 

SHOPPERS:  Just a reminder to park on one side of the street to allow access for emergency vehicles.  Please do not block driveways!

Map:  Click box in upper right hand corner for view of complete map.