The National Association of Realtors has declared this weekend, April 20th and April 21st to be Open House weekend. Inventory is low throughout the area but RE/MAX Home Team will be fully participating with Open Houses all over Eastern CT. Here is an update to the RE/MAX Home Team Ledyard Open Home weekend. Call for more details of Ledyard Homes for Sale.
The National Association of Realtors has declared this weekend, April 20th and April 21st to be Open House weekend. Ledyard will have its share of open houses including these 3 on Sunday by RE/MAX Home Team: 5 St. Peter’s Court (pictured) from noon to 1:30PM, 33 Chriswood Trace from 1-3PM, and 757 Shewville Road from 2-3:30PM. Click on the links for more information and photos of each property.
On occasion, I like to compare some Ledyard Real Estate statistics to other stats in the region. Ledyard currently has 77 homes for sale listed though the CT Multiple Listing Service. In comparison, East Lyme has 132 listings on the market. You will find the breakdown in the the Chart of the Week below.
Activity was mighty slow this week in the world of Ledyard Real Estate. There were only 2 pending sales reported and no closed sales.
First quarter statistics were released this week by the Eastern CT Association of Realtors. While the number of sales in New London Country rose slightly over the first quarter of last year, median prices dropped by 7.5%. Ledyard is seeing statistics much the same.
Ledyard Snapshot
The average list price (asking price) of the 77 homes currently on the market is $280,265. There are currently 26 homes pending with an average listed price of $224,561. There are an additional 19 homes listed as "show for backup" with an average listed price of $187,521.
There were 4 new listings and 2 pending sales reported in the past 7 days
Chart of the Week
These are the 132 Active Listings in East Lyme and 77 Active Listings in Ledyard. You will find the comparison in the two charts below.
History of Ledyard Home Sales
38 residential homes have sold so far in 2013.
179 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.
The highest priced residential home to sell in 2012 & 2013: $395,000
Ledyard Real Estate Statistics - Last 6 Months
On April 14th, the Connecticut Multiple Listing Service shows a total of 81 contracts have closed in the last 6 months with an average sold price of $201,821.
A total of 42 listings have expired in that same time period. The $200,000 - $249,999 price range has the highest number of expired listings at 14 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.
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.
I was invited to speak at an another event on Long Island last week. I never hesitate when asked because I always enjoy the opportunity of the ferry ride and drive down the North Shore. Parts of Long Island do remind me of Mystic/Stonington, like this view from the Thatched Cottage in Centerport, NY.
While going through some files I found my To-Do-List before before we moved from NY to Oregon. We started the end of June 2010 and the house was ready for the market the 1st week of November. The most dealing with all the grout and tile was probably the most difficult, and then deciding how to downsize from 4200 square feet to 1800 square feet was a challenge as well. Anyone wanting to know how to downsize, how to stage your house to sell, (without getting your feelings hurt) take a look at the list.
If you are thinking of selling your Ledyard home, you should expect to have a "To-Do-List" to get your home "show ready". In a recent blog post, my friend, Realtor Sonja Lovas shared the list from when she made her move from NY to Oregon. I hope your list isn't quite this long but it will take work to get your home ready for picky buyers. - Linda Davis
The REMAX Balloon, once owned by Connecticut Broker Owners, made appearances in Ledyard on several occasions, usually taking off from the old Gales Ferry School field now occupied by CVS. The balloon venture is now managed by the New England Region. It doesn’t visit locally quite as often but it does make appearances all over New England. I stared with RE/MAX in 1985 so I am pretty familiar with the history of the balloon but thought I would share this newly produced video with my readers.
Last weekend our MLS had a major hiccup for the first time I can remember. Since it was Easter Sunday, I decided it was a sign that perhaps there was not going to be a report in store for my Ledyard readers. As a result, you will find a two week report below.
It was a pretty good two weeks in Ledyard real estate. Inventory dropped slightly with only 73 homes currently on the market in Ledyard. There were a total of 13 pending sales and 12 closed sales reported over the past 14 days. With the number of home sales rising, can rising prices be far behind? It is not happening yet but time will tell.
Ledyard Snapshot
The average list price (asking price) of the 73 homes currently on the market is $279,530. There are currently 26 homes pending with an average listed price of $231,254. There are an additional 19 homes listed as "show for backup" with an average listed price of $189,621.
There were 7 new listings, 13 pending sales and 12 closed sales reported in the past 14 days.
Ledyard Chart of the Week
Chart below shows price ranges and average days on the market of the 73 listings that are currently on the market in Ledyard.
History of Ledyard Home Sales
38 residential homes have sold so far in 2013.
179 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.
The highest priced residential home to sell in 2012 & 2013: $395,000
Ledyard Real Estate Statistics -Last 6 Months
On April 7th, the Connecticut Multiple Listing Service shows a total of 83 contracts have closed in the last 6 months with an average sold price of $201,813.
A total of 47 listings have expired in that same time period. The $200,000 - $249,999 price range has the highest number of expired listings at 14 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.
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.
I’m taking Easter Sunday off and instead of a Ledyard Real Estate report, I decided to share a photo of my sister Diane and I from Easter in 1955. This is in front of the home with a white picket fence where we grew up in Pittsburgh. I had forgotten that we always wore white gloves to go to church on Sunday. In case you couldn’t tell, I’m the little one on the right.
