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Market Conditions in New London County : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 17
Wed Nov 4, 2015
Perfumedghouls1887 asked:
What is the average sold price for homes in Colchester, Connecticut?
How long do the homes ( in average) take to sell? What is the standard--3 months, 6 months , 9 months or more?
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Sun Nov 16, 2014
yol asked:
what is the neighborhood like. its it family oriented, middle working class, or lower class with crime rate increase, do people rent or buy, do u see a lot of house sold. is it a busy…
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Mon May 19, 2014
francofour answered:
Love Old Lyme,
It is different, not for everybody, but it is a piece of tranquility near the water. Great place for boating or grab a ferry in New London to Islands. Take a train to NY from Old Saybrook; lots of nearby opportunities for getaways. But best of all, it is on the river, ocean, back bay. Kayakers, boaters and over all chill people will like Old Lyme. I will be here as long as I can. It is still priced reasonably and has some real deals too. But those people moving in should know that town regulations are archaic, which is probably the reason the town is locked in time...Little to no commercialization. ... more
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Mon Mar 10, 2014
Joe Fasone answered:
The market conditions are always good for the home that wins the beauty contest and the pricing war. Consider interviewing agents and ask each to chime in on how to best get your home sold. That's always been a successful approach. Also, if the timing is right for you, then it's a good time to sell. If not - > Wait! ... more
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Sat Jan 18, 2014
Greg Hanner answered:

That property is not for sale. You can see it's under "Sold" category in the web address you provided. There are 5 homes
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Fri Aug 2, 2013
Iliana Escarraman asked:
This question was asked from
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Sun Feb 24, 2013
Richard Sanderson answered:
As Anna Brocco suggests, start by contacting the assessor's office. The key deciding factors for determining whether real estate assessments go down, stay the same, or increase are: (1) the effective date for the reassessment (e.g., January 1, 2014); and (2) the time frame that assessment office studies to estimate assessed values for that effect date of revaluation (e.g., one, two or three years PRIOR to July 1, 2013). Assessor always use historical sales that they qualify as indicators of market value and need to cut off the sale study period about 6 months before the completion date in order to value ALL properties in their community. Even using mass-appraisal techniques, it takes a big time effort to completely revalue all properties. As long as all properties are valued using the same effect date of value and study period for sales, the appeal boards consider this to be fair and equitable treatment. ... more
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Fri Oct 21, 2011
Alex Gebbie answered:
I am aware of some excellent condition two-bedroom, 1 bath units in Lebanon that include heat and cold water. These units go for about $895 and up. The property has assigned parking, laundromat and beautiful landscaping. Typically a separate or single family house can go for more if the house is in good shape and is not expensive to heat. ... more
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Mon Oct 10, 2011
Maggie Griffin answered:
CT is in a strong buyer's market, especially New Haven County. If you have access to the Commercial Record for CT - the numbers are there.
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Wed Apr 28, 2010
Tim Bray answered:
Real Estate values in Montville have declined by 23.4% since the peak of the market in 2006. Properties today are worth about the same as they were back in 2003-2004. Most likely the value is now equivilent.

Tim Bray
B.S. Real Estate & Urban Economics (UConn)
... more
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Wed Apr 28, 2010
Tim Bray answered:
Sales prices will not stabilize until there is a significant decrease in the inventory. The majority of properties currently on the market are grossly overpriced and will not sell. Why are you asking a question that you can answer better than anyone in the state? Have you been drinking again? ... more
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Wed Jul 1, 2009
Harley Manning asked:
Fri Apr 24, 2009
Robin Cavallaro answered:
There were 12 homes that sold in Old Lyme over the last 3 months. The average days on the market is 199 (ranging from 5 to 436). The average selling price is $533, 308 (ranging from $209,000 to $1,300,000) with the average home selling for 92% of the list price at the time of deposit and 83% of the original listing price.

If I can provide you with any additonal information to help you sell, please let me know.

... more
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Thu Mar 26, 2009
Lisa OConnell answered:
I did a look at the MLS for the start of the year from 1/01/09 to present 3/25/09. 32 homes sold as opposed to 49 in the same time frame 1 yr. ago. The avg. sq. ft. was 1,405 (last yr. 1,397) with the avg. list price of $154,937 (last year $193,282) so down 20%. The actual sale price avg. this yr. is $149,688 (last yr. $186,409) so also down 20%. The average days on market this year is 74 with last yr. being 77.
I hope that fills you in on the market a little more clearly. You didn't say whether you were a buyer or seller.
If I can be of any further assistance, please call me directly at 860-593-8976 that is my cell.
Have a great weekend! Lisa O'Connell Century21 Access America
... more
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Tue Mar 3, 2009
William James Walton, Sr. answered:
On average, single family homes in Griswold have been on the market for 109 days, or a little over 3 months, in the last 90 days. Over the last 6 months, the average increases slightly to 111 days; over the course of the last year, the average is a little less than 3 months, at 88 days.

Remember, all houses are not the same, and they are not all marketed the same - that is why some houses go very quickly, while others sit and languish.
... more
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Thu Dec 4, 2008
Salvatore Costanza answered:
Sarah: It's a great time to buy and there are a number of homes you might consider. I would be pleased to assist you in the homebuying process and can also recommend reputable mortgage professionals in our area. Please feel free to contact me at any time. Best of luck, Sal Costanza
cell 460-8975 office 886-0531 email
... more
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Sat May 19, 2007
Carole Cohen answered:
So Ledyard is a bit faster moving than NE Ohio; our average is about 96 days. .
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