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Ledyard Real Estate Market Report 3/8/2014

http://www.bridgetmorrissey.com
http://www.bridgetmorrissey.com
The Ledyard Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Ledyard homes for sale.


According to trulia.com, the median sales price for homes in Ledyard for Nov 13 to Feb 14 was $210,000. This represents an increase of 13.5%, or $25,000, compared to the prior quarter and an increase of 31.3% compared to the prior year.

Sales prices have appreciated 8.2% over the last 5 years in Ledyard.

The median sales price is $210,000 for Ledyard.

Average listing price for homes on Trulia in Ledyard was $212,237 for the week ending Feb 26, which represents a decline of 2.8%, or $6,052 compared to the prior week and a decline of 5.2%, or $11,673, compared to the week ending Feb 05.

Average price per square foot for homes in Ledyard was $137 in the most recent quarter.

According to Zillow.com, the median home value in Ledyard is $192,000.Ledyard home values have gone up 2.1% over the past year and Zillow predicts they will rise 0.0% within the next year.

The median list price per square foot in Ledyard is $127, which is lower than the New London Metro average of $146.

The median price of homes currently listed in Ledyard is $199,995 while the median price of homes that sold is $220,000.

The median rent price in Ledyard is $1,495, which is higher than the New London Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Ledyard 9.6 homes are foreclosed (per 10,000). This is greater than the New London Metro value of 5.0 and also greater than the national value of 5.0.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment.
The percent of delinquent mortgages in Ledyard is 7.9%, which is lower than the national value of 8.0%.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ledyard homeowners underwater on their mortgage is 31.1%, which is higher than New London Metro at 22.9%.

For graphs ofthe Real Estate Market Report CLICK HERE.

Bridget Morrissey is a 2012-13 Woman of FIRE(FINANCE-INSURANCE-REAL ESTATE) Recipient awarded by the Warren Group and The Commercial Record of Boston, MA and presented by Lt Governor Nancy Wyman. 

If you want to list your home for sale then call, text or email Bridget and ask for herFREE 27 point TOP DOLLAR MARKETING PLAN!

Bridget Morrissey
Licensed in Connecticut and Rhode Island  
                       
RE/MAX Coast and Country
Olde Mistick Village
27 Coogan Boulevard  
Mystic, CT 06355

Cell/Text: (860) 857-5165
Email:  bridgetmorrissey@remax.net

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