Excerpt from:  Simply Ledyard
.
February 10, 2008

Ledyard and Gales Ferry Real Estate Update

Ledyard and Gales Ferry Homes for Sale, Pending and Sold

Ledyard and Gales Ferry Market ReportInventory in Ledyard continues to creep up slowly this year.  Of interest, are the homes that have returned to the market that didn't sell last year.  Most of these homes were taken off the market during the holidays and have returned, still overpriced in many cases. 

The low number of homes that are selling is a matter of concern.  Since the beginning of the year, only one or two homes have sold per week in Ledyard and this week is no exception with only 2 pending sales, one listed at $210,000 and the other listed at $189,900.  As a result, there have been only a total of 13 closed sales in Ledyard to date.  Last year at this time there were a total of 22 closed sales.

Today's Ledyard Snapshot

Number of homes currently for sale:  97 (Last week 95)
One year ago there were 109 residential listings in Ledyard.

Number of homes with price reductions this week:  6

Number of  homes currently pending:  13

Number of homes sold in 2008:  12

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

by Linda Davis
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