Excerpt from:  Simply Ledyard
.
June 29, 2008

Ledyard and Gales Ferry Real Estate Update

Ledyard and Gales Ferry Homes for Sale, Pending and Sold

Inchcliffe Drive in Gales FerryLedyard/Gales Ferry real estate inventory stands at 143 active residential listings.  Last week 8 new listings came on the market.  There were 2 pending sales and only 1 closed sale.  Price reductions continue to be rather remarkable; there were 12 price reductions this week totaling $176,000.  The number of sold homes (50) in 2008 are about half as many as last year at this time. (104)

Although nothing is normal in 2008, the upcoming Fourth of July week is usually quiet with a decrease of showings and pending sales.  

Today's Ledyard Snapshot

Number of Ledyard Homes Currently for Sale:  143
Last week there were 143 active listings and one year ago there were 116 residential listings in Ledyard.

Number of Ledyard Homes Currently Pending:  27
One year ago there were 41 pending sales in Ledyard.

Number of Homes Sold in 2008: 50
One year ago there were 104 closed sales in Ledyard.

The highest priced home to sell in Ledyard this year"  $740,000

There were 12 price reductions this week totaling $176,000.

by Linda Davis
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