Although snow would be more appropriate for a photo, I'm hoping that the warmer weather of the next few days will help melt the white stuff and the spring real estate market can officially get underway. I can tell from the activity on my home search website that buyers are actively looking. It may be online from their recliners but they are looking, viewing and bookmarking favorites and getting ready to jump into the market.
Snow continued to be the big story in February but despite the weather Ledyard managed to close on 17 residential homes and put 12 others on deposit. In the not such good news department - of those 12 homes, 9 were priced under $200,000.
It is still very early to start looking for trends for 2015 but the average listed price of the 19 total homes currently pending is around $204,000. Since those will most likely close lower than the listed price, it appears our average sales price will be hovering around $200,000 during the first quarter,
Inventory is currently at 100 listings which is slightly higher than a year ago.
P.S. If you would like to view homes anywhere in CT, CLICK HERE and sign on to my home search website. It is pretty revolutionary! You can like or dislike any photo, bookmark your favorite listings, and invite your family and friends to join you.
The average list price (asking price) of the 100 homes currently on the market is $267,358. There are currently 19 homes pending with an average list price of $203,489. There are an additional 8 homes listed as pending -"show for backup" with an average listed price of $259,212.
History of Ledyard Home Sales
29 Closed Sales Reported in Ledyard during 2015 with a median sales price of $177,000.
Ledyard Real Estate Statistics - Last 180 Days
On February 8th, the Connecticut Multiple Listing Service shows a total of 92 contracts have closed in the last 180 Days with an average sold price of $216,129 (Median of $210,700).
A total of 90 listings have expired in that same time period. This continues to be a large increase over previous months but sellers who haven't sold often take their homes off the market this time of year and hope for better results in the spring. 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. At this time of year, sellers often take their homes of the market due to the upcoming holidays.
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.