East Lyme Real Estate Market Report from Bridget Morrissey

The East Lyme Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of East Lyme homes for sale.

CLICK HERE FOR THE EAST LYME REAL ESTATE REPORT

Located just 20 minutes south of famed Mystic, Connecticut, and just two hours from New York city or Boston, MA., sits the quaint village of Niantic Connecticut

Niantic is a warm, friendly and inviting seaside village easily accessible by car, foot, boat or train. It is a wonderful place to visit, play, and live. It's a place where residents and visitors alike gather for specialty shopping, a wide-array of gourmet and eclectic dining choices, creative entertainment and arts, and water related activities within a village that has maintained its historic past.

Niantic is the only community on the Connecticut coast where the "Main Street" runs parallel to the beautiful Long Island Sound. Downtown Niantic is the traditional center of East Lyme, with a Town Hall, a non-chain specialty supermarket, a famed movie theater, various restaurants and pubs, a one-of-a-kind book store, several antique and boutique shops, and a town beach all within walking distance.

While it's a great place to spend the day, there are also a couple of great bed and breakfasts and inns to suit the out-of-town visitors. Niantic has become a tourist destination in its own right, with Niantic Bay and Long Island Sound to the south, and the Niantic River to the east.




For more information see the rest of the article at http://www.discovereastlyme.com/niantic.php

Stonington Real Estate Market Report from Bridget Morrissey

The Stonington Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of Stonington homes for sale.

CLICK HERE FOR THE STONINGTON REAL ESTATE REPORT

Mystic Real Estate Market Report from Bridget Morrissey

The Mystic Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of Stonington homes for sale.

Median List Price

Median Price Per Square Foot

5 Reasons To Sell This Winter!

Here are five reasons listing your home for sale this winter makes sense.


1. Demand Is Strong


The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.


Take advantage of the buyer activity currently in the market.


2. There Is Less Competition Now


Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.


Historically, the average number of years a homeowner stayed in their home was six but has hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.


The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.


3. The Process Will Be Quicker


Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 46 days.


4. There Will Never Be a Better Time to Move Up


If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!


Prices are projected to appreciate by 4.8% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.


5. It’s Time to Move on With Your Life


Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?


Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.

New London Real Estate Market Report from Bridget Morrissey

The New London Real Estate Market Reportis a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of New London homes for sale.

CLICK HERE FOR THE NEW LONDON REAL ESTATE REPORT


New London is a seaport city and a port of entry on the northeast coast of the United States. It is located at the mouth of theThames River in New London County, southeastern Connecticut.

For several decades beginning in the early 19th century, New London was the world's third busiest whaling port after New Bedford, Massachusetts, and Nantucket. The wealth that whaling brought into New London furnished the capital to fund much of the city's present architecture.

The city is home to Connecticut College, Mitchell College, the United States Coast Guard Academy, and The Williams School. The Coast Guard Station New London and New London Harbor is home port to the U.S. Coast Guard Cutter Chinook and the Coast Guard's tall ship Eagle.

Groton Real Estate Market Report from Bridget Morrissey

The Groton Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of Groton homes for sale.

CLICK HERE FOR THE GROTON REAL ESTATE REPORT

Groton was established in 1705, when it separated from New London, Connecticut.


The neighborhoods include Burnett's Corner, Center Groton, City of Groton, Groton Heights or Groton Bank, Groton Long Point, Long Hill, Mystic (06355) — primarily in the neighboring town of Stonington, but a small portion (West Mystic) is in Groton, Noank, Old Mystic, Poquonock Bridge, Fort Hill and Conning Towers-Nautilus Park or the Submarine Base area.


Groton is the home of General Dynamics Electric Boat Division, which has been supplying the Navy with submersibles since 1899. Electric Boat employs thousands in the Groton/New London area.

The Old Mystic Baptist Church, founded in Groton, was the first Baptist church in Connecticut.

Gales Ferry Real Estate Market Report from Bridget Morrissey

The Ledyard Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of Ledyard homes for sale.

CLICK HERE FOR THE LEDYARD REAL ESTATE REPORT

According to Wikipedia,the principal communities of Ledyard are Ledyard Center (also known as Ledyard Village) and the Gales Ferry section (including Christy Hill Estates, Devonshire Estates, Ferry View Heights, Glenwoods, Pheasant Run, Sherwood Forest, and Woodridge Estates).

Other minor communities and geographic areas are Aljen Heights, Barrett Park, Colonial Manor, Cranwood Homestead, Highlands, Lakeside, Lantern Hill, Long Pond, Parsonage Hill Manor, Presidential Estates, Quaker Town, and Stonehenge.

The town also contains the Mashantucket Pequot Reservation, in the northeastern corner of the town.

Ledyard Center is located at the crossroads of 2 state highways: routes 117 and 214. It is home to Ledyard Town Hall and is one of the main commercial areas in the town. Every year in September, the fairgrounds host the popular Ledyard Fair, bringing families to the area for the weekend to enjoy carnival rides, entertainment and agricultural competitions.

Gales Ferry is centered around Route 12 and is one of the main commercial corridors in the town. The area is largely residential and contains 2 national register historic districts, a post office and library. It does offer typical neighborhood commercial services.

Each year in June, the Yale-Harvard regatta brings rowing teams and spectators to the riverfront and life to each school’s boathouse, both of which are located in the village.