Snow Plowing in Ledyard

With the potential of a snow storm this weekend, I asked members of the Ledyard Forum on Facebook who they call for snow removal in the Ledyard area.  Here are their responses:

 

Dave Tetlow  860- 460-2088

Acres of Care Landscaping L.L.C.  860-886-3443

Eagle Quality Landscaping   860-464-1717

H&H Landscaping 860-705-5093

Rocky’s Landscaping   860-215-6424

Spano’s Landscaping  860- 917-0855

Joshua McKeon  860-501-8403

Zack Spicer  860-917-4873

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New London County Real Estate

This report of Single Family Home Sales in New London County is generated by the 10th of each month with information from the previous month.  It includes new listings, pending and closed sales in New London County for the month of December.  What’s up and what's down from a year ago?  The number of closed sales Year to date (YTD)  in New London County is up 6.5%% from a year ago but the number of new pending sales are down 4%.  The median sold price of single family homes is down 2.3%. Please note that percentages will vary from town to town. As an example, as reported here yesterday, Ledyard home values are down almost 8% from a year ago.

For a complete (and easier to read) New London County Real Estate report including condos and single families click on the photo below. 

2016-01-14 New London County Real Estate

Copyright © 2016 RealEstate Business Intelligence, LLC. All Rights Reserved.
Data Source: CoreLogic. Statistics calculated December 08, 2015.

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


Little bites of Ledyard

Bites of LedyardLittle Bites of Ledyard is my gathering place for events, news items and even an occasional opinion about anything Ledyard.

First Police Chief Ever - The swearing in of John Rich, Ledyard’s first Police Chief will take place on January 19, 2016 at 3:30 pm at the Ledyard High School auditorium. This ceremony will also recognize the inception of the Ledyard Police Department as an independent police agency, an initiative the Town of Ledyard has been moving towards for over 10 years.

Trash Talk - Ledyard’s automated trash pick up has been underway for several months and although there are still some glitches, things seem to be working as planned and residents are getting used to the every other week recycling.  Just in case you need a reminder, you will find all of the recycling information including a schedule in one place on the Town’s website.

Certain in Life - The Town of Ledyard has completed a State of Connecticut mandated revaluation for October 1, 2015 of all parcels in the Town.  The Assessor’s office analyzed 2 years of market sales from around the Town. The Assessor used that sales data to create new valuations for all the parcels within the Town of Ledyard. The new 2015 assessments  are available on line. My advice is to compare your assessment with similar homes in your neighborhood. Mistakes do happen. If you do not agree with your assessment, you may appeal to the Board of Assessment Appeals. Applications to the Board will be available in the Assessor’s Office February 1, 2016 through February 20, 2016 and must be in the Assessor’s Office by February 20, 2016. You will then be notified by mail of the date of your meeting with the Board of Assessment Appeal.

Snow?  Blame it on me - Just Friday, I wrote about Ledyard's lack of snow. On Sunday, we received a quick inch of snow which surprised even the weather forecasters as well as some unprepared drivers.  Today the meteorology world is abuzz about a major snowstorm this weekend.  Stand by for snow photos. 


Final Ledyard Real Estate Statistics 2015

Last weekend I reported on Ledyard Home Sales. This weekend I went back to the drawing board and found some previously unreported sales, tweaked an error and recreated the chart that Ledyard buyers and sellers always seem interested in.  You will find it below.  While Ledyard home values don’t paint a very pretty picture, the number of sales is a nice improvement.  Over 200 home sellers were able to find a buyer for their home, a statistic we haven’t seen since 2007.  I’d call that good news!

About 20% of the homes that sold in 2015 in Ledyard were distressed sales, either bank foreclosures or short sales. This statistic alone has a significant effect on home values and may be the reason Ledyard home values dropped almost 8 percent in 2015.  Despite the negative news,  If you are going to sell your Ledyard home in 2016, keep in mind that homes in excellent condition with favorable pricing are still selling at a good pace.

 

1 - 2015 Ledyard Home Sales

 

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

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


Ledyard Photo Friday - No snow for Ledyard

It’s been a very dry 201-2016  winter in terms of snow. Last year started out pretty much the same way. It wasn’t until the end of January that we got our first major snowstorm and then it didn’t seem to stop for 2 months. The next 10 days appear to be snowless and although I love how the landscape looks after a snowstorm, a photo from 2015 suits me just fine.

2015-03-05 13.39.36


Ledyard Real Estate Update

2015 Newsletter Header

I've been creating Ledyard State of the Market reports for over 20 years and there is no question that 2015 has been one of the more challenging years in real estate. The median selling price of the 184 single family homes sold in Ledyard dropped 7½ % from $219,750 in 2014 to $203,500 in 2015, the lowest median price seen since 2002.  A startling statistic - 20% of home sales in Ledyard in 2015 were “short sale” or bank owned properties due to foreclosure.

2015 created the perfect storm for buyers with good inventory and record low interest rates but while the market favored buyers they felt no pressure to make quick decisions. Negative economic reports dominated Connecticut news with an even more gloomy outlook for Eastern CT.  Bucking positive nationwide trends, this area still experienced an unhealthy amount of foreclosures and short sales.

There are currently 101 single family homes on the market with a median list price of $229,900.  There are currently 23 pending listings plus 6 "show for back up" listings with a median list price of $190,000.

A preliminary  look at two neighborhood towns shows East Lyme with a sales price increase of 9% and Montville prices improving about 3%. I will be reporting numbers in neighboring towns as well as in the whole of New London County  in my next report.

History of Ledyard Home Sales

Ledyard Homes Sales 2015

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.

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


Ledyard Photo Friday

I paid a visit to Seven Seas, Spices Oils and Teas last week and although this little shop isn’t exactly in Ledyard it is still worthy of a mention. It is  located on Route 12, just off the highway in Plainfield making the trip from Ledyard easy peasy. This shop is actually much larger than it looks with several different rooms including  a whole room dedicated to spices and another to oils and vinegars. There are plenty of samples including salsa, dips and popcorn. You won’t leave hungry.

Spices and Herbs

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From where I sit on the Ledyard Town Council

From where I sitFinance committees around Eastern Connecticut will soon begin the task of preparing budgets for the 2016-2017 fiscal year which commences on July 1, 2016.  I’ve been involved in local politics since the mid-80’s and budget season is never easy. Sometimes it can be downright ugly. I remember a particularly contentious year when we found it necessary to have a police presence at Ledyard High School for the Annual Town Meeting. 

Budget seasons can be divisive for a town. When it comes to evaluating a town budget, a senior citizen on a fixed income won’t share the same perspective as a mother of 2 elementary school children.  Voting on a budget can even become a sport as Stonington demonstrated one year when it took 5 tries before the voters agreed on a budget. While I support a person’s right to vote against a budget, I don’t support voting no for the heck of it and I’ve seen that happen too.

As an elected official, the lack of interest during budget deliberations in recent years can be pretty frustrating.  Too often, taxpayers wait until too late to become involved and then wonder exactly what happened.  In Ledyard, as in nearly every town in the region, there is plenty of opportunity to follow the budget process. The local newspaper coverage is woefully inadequate but if you are willing to attend a few meetings, you’ll be better prepared to make an informed voting decision, and I can promise most town officials are interested in citizen input. 


Where are Real Estate Interest Rates Heading?

I can’t predict where interest rates are heading but I don’t mind sharing what others think. First, in the graphic below Freddie Mac shows where 30 year fixed rates have been – a low of about 3.4% at the beginning of the year to a high of around 4.5%

2015-12-26 30 year fixed


Freddie Mac is predicting rates will climb back to over 4.5% in 2016. Many financial institutions including Freddie Mac are also predicting an increase in home sale prices. The combination of higher interest rates with higher home sale prices should contribute to a sharp increase in mortgage payments in 2016.

2015-12-26_Freddie Mac Prediction


Here is what others are predicting for interest rates in 2016. To put it simply, follow the numbers. It very well may be better to purchase a new home sooner rather than later.

2015-12-26 Mortgage Rate Projections

About the author:  Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of  the Ledyard Town Council. Linda is the administer of the popular Ledyard Community Forum on Facebook and also teaches and speaks on technology, mostly for beginners. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.


The Ledyard Food Pantry Wish List

clip_image002The Ledyard Food Pantry was dedicated on November 22, 2015.  On that day, the responsibility of distributing food to those in need in our community,  changed hands from town government to volunteers organized by the Ledyard Congregational Church. I am a firm proponent of the private sector including faith based groups taking on the role of feeding the hungry. I am convinced they do a better job with more compassion. The Ledyard Food Pantry will be opened Tuesdays and Thursdays from 9-11AM plus one evening a week (Thursday 5-7 PM) and Saturday mornings (9-11AM), something not previously possible. The timing of the opening of the food pantry couldn’t have been better with food drives being conducted throughout the holiday season. The Scouts alone collected over 5000 items. There is no shortage at this time of the more typical canned goods but the food pantry does have a “Wish List” if you would like to donate. 

Ledyard Food Pantry Wish List · Jam · Syrup· Pancake Mix· Canned Ham· Canned Chicken· Canned Hash· Canned Tuna· Pizza Crust Mix· Pizza Sauce· Cereal· Granola Bars· Crackers· Healthy Kids Snacks· Flour· Sugar· Pre-made Pudding Snacks· Snack Size Applesauce· Cake Mix· Frosting· Ketchup· Mayonnaise· Relish· Vegetable Oil· Chocolate Chips· Feminine Products· Deodorant· Toilet Paper· Paper Towels· Tissues· Reynolds Wrap· Saran Wrap· Ziploc Sandwich Bags· Ziploc Gallon Size Bags· Laundry Detergent

The Ledyard Food Pantry can be found on the grounds of the Ledyard Congregational Church, Route 117 in Ledyard Center.