Excerpt from:  Simply Ledyard
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January 28, 2008

Ledyard and Gales Ferry Real Estate Update

Ledyard and Gales Ferry Homes for Sale, Pending and Sold

One of the most fascinating things I found as I reviewed statistics for Ledyard real estate in 2007 concerned building lots.  There were only 4 building lots sold in Ledyard in 2007.  These represent only those listed through the Multiple Listing Service but it is still surprising none the less.  All 4 lots were multi-acre and sold from $59,900 - $99,000.  In 2006 there were 15 lots sold with a median price of $105,000.

This week, listing inventory remained the same as last with 91 active listings for sale in Town of Ledyard.  The most disappointing news (AGAIN) is that there is only 1 pending sale to report.  Pending sales in Ledyard now number only 13.

There were 6 price reductions (several significant) since my last report.  3 homes closed last week.

Ledyard Snapshot:

Number of Ledyard Homes for Sale:  91 (Last week 91)

Number of Homes with Price Reductions this week:  6

Number of Ledyard Homes Currently Pending:  13

Number of Homes Sold in 2008:  10

The highest priced home to sell in Ledyard this year:  $459,997

by Linda Davis
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