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September 2017
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November 2017

Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning October 30th 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 regular Finance Committee Meeting will be held  Wednesday,  November 1st at 5PM.  Discussion will take place about the recently passed State Budget and how it will effect Ledyard.

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


Ledyard Real Estate Quick Stats

Ledyard Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale continue to increase but  Inventory traditionally begins to build this time of year. Inventory is still less than it was one year ago when there were over 100 homes on the market. I expect we will close in on that number soon.

As far as pricing, Ledyard continues to see  a  positive real estate market as the median closed sale price has improved by 15% from 2016 when the median price of residential home sales was $204,000. The median price of the 199 Ledyard residential sales in 2017 is $235,000 with the highest price sale at $450,000.

In 2016 there were 247 residential home sales in Ledyard.  We are on track to reach that mark but at the current pace most likely will not exceed it in 2017.

 

Ledyard Quick Stats


Ledyard Real Estate Quick Stats

Ledyard Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale continue to increase but  Inventory traditionally begins to build this time of year. Inventory is still less than it was one year ago when there were over 100 homes on the market. 

As far as pricing, Ledyard continues to see  a  positive real estate market as the median closed sale price has improved by 15% from 2016 when the median price of residential home sales was $204,000. The median price of the 199 Ledyard residential sales in 2017 is $233,000 with the highest price sale at $450,000.

In 2016 there were 247 residential home sales in Ledyard.  We are on track to reach that mark but at the current pace most likely will not exceed it in 2017.

For a link to receive new listings in Ledyard or just in your neighborhood fill out this Quick Form Ledyard Quick Stats


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning October 23rd 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 regular Town Council Meeting will be held  Wednesday October 25th at 7PM.  Prior to the regular meeting, there will be a  Public Hearing at 6:15 PM and Town Meeting to follow at 6:45 PM. The purpose of these meetings is to receive comments and vote on the sale of the Gales Ferry Landing (former Gales Ferry School).

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

Ledyard Meetings


Simply Ledyard Quick Stats

Ledyard Quick Stats are published each weekend and offer a simple look at Ledyard Real Estate.  Ledyard residential homes offered for sale  have taken an increase but  Inventory usually begins to build this time of year. Inventory is till less than it was one year ago when there were 103 homes on the market. 

As far as pricing, Ledyard continues to see  a  positive real estate market as the median closed sale price has improved by 15% from 2016 when the median price of residential home sales was $204,000. The median price of the 199 Ledyard residential sales in 2017 is $234,000 with the highest price sale at $450,000.

In 2016 there were 247 residential home sales in Ledyard.  We are on track to reach that mark but at the current pace most likely will not exceed it in 2017.

For a link to receive new listings in Ledyard or just in your neighborhood fill out this Quick Form

Ledyard Quick Stats


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning October 16th 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 regular Town Council Finance Meeting will be held  Wednesday October 18th at 5PM.  The Committee will discuss the Town’s budget as it relates to State funding as well as  the possibility of a  mill rate adjustment and supplemental tax bill.

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

PS:  You can find the school calendar HERE Ledyard Meetings


Ledyard Real Estate Update

Front 2Activity was solid in September with 17 new sales. Although Inventory is higher than a month ago with 87 active listings, it is still quite low compared to a year ago when there were over 100 Ledyard homes on the market.  Continued good news for sellers, the 189 Ledyard closed sales in 2017 have a median sold price of $235,000, a significant increase over the median closed price in 2016 of $204,900. 2017 is on track to be a stellar year for Ledyard Real Estate.

With inventory still low, I expect October and the first week or two in November to be good sales months before things slow down for the holidays. While the market will be quieter, serious buyers will still be looking. 

On the Market

On October 2nd,  there were 87 single family homes on the market In Ledyard with a median price of $269,900. Inventory remains low and buyers don't have a big selection in certain price ranges. There are only 8 homes listed under $200,000 throughout Ledyard.  

For a link to receive new listings in Ledyard or just in your neighborhood fill out this Quick Form

Current Pending Sales

On October 2nd there were 27 pending listings with a median list price of $199,900.

There were 8 pending sales but "Show for Backup" with a median list price of $197,450. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing.
This combined total of 35 pending sales remains identical from a month ago.

Closed Sales

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

2017 offers positive news with 189 closed sales to date in Ledyard with a median sales price of $235,000.

There were 19 Ledyard closed sales in September with a median sales price of $248,000.

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 139 homes that have closed in the past 6 months is $238,000, a really good indicator of rising prices.

The median price of the 139 homes that have sold in the past 6 months is $238,000.

 


Ledyard News

This news with editorial content is provided from my seat on the Ledyard Town Council because we have lost our regular Day reporter.

LEDYARDNEWS
At last night's regular meeting, the Town Council set a Public Hearing to be followed by a Town Meeting on October 25th to sell the Town owned Gales Ferry Landing Property (former Gales Ferry School) for $255,000. The buyer intends to improve the building and keep the current tenants.

In addition, the Town Council voted to amend the Waste Management and Recycling Ordinance and will no longer pick up trash in privately owned communities (e.g. mobile home parks). State Statute does require that the commercial property owner of these communities provide trash collection. It is estimated this will save the Town approximately $20,000 a year.

Due to the State Budget situation, and the Town's loss of 1.5 million dollars in revenue to date and more bad news anticipated, Mayor Allyn reported that he has instituted a hard spending freeze on all discretionary general fund spending and is planning on furlough days which would close Town Services (Town Hall, Libraries etc.) for one day a month. He is also talking to other towns in the area to consider working towards some regional services.

I have little to report from the Special Finance Committee Meeting which was attended by our State Representatives Christine Conley, Mike France and State Senator, Cathy Osten. Here are my actual notes: " blah blah blah. The State still doesn't have a budget but could have one this weekend but maybe won't have one until next year. blah blah blah”.

It was quite frustrating to hear as we begin cutting municipal services. The link to that meeting can be found HERE.


Ledyard News

LEDYARDNEWSAt 5:00 tonight there will be a Special Finance Committee Meeting of the Ledyard Town Council to discuss State Funding and how it relates to Ledyard's budget. State Senator Cathy Olsten and Representatives Mike France and Christine Conley have been invited to attend. The meeting will be live streamed. at www.openledyard.com and meeting group "Finance Committee". This is a Public Meeting not a Public Hearing. Any comments should be sent to Council@LedyardCT.org. The meeting will be followed at 6:30PM by a Public Hearing on Trash Pick up in private communities and then a regular Town Council meeting at 7PM.


Town of Ledyard Meeting Schedule

The Ledyard Town Council and other Ledyard Committee and Commission minutes and meeting agendas for the week beginning October 9th 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.

A special finance meeting will be held  Wednesday October 11th at 5PM  to discuss the Town’s budget as it relates to State funding. (or lack of it)

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

PS:  You can find the school calendar HERE

Ledyard Meetings