Pawcatuck Real Estate Market Report July 2017

The Pawcatuck Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Pawcatuck homes for sale.





Pawcatuck is a village in the town of Stonington which is located in New London County on the coast bordering Rhode Island. The population was 5,624 at the 2010 census. It is located across the Pawcatuck River from Westerly Rhode Island.




The Mechanic Street Historic District is on the National Register of Historic Places includes sites of shipbuilding, mills, and worker housing in a 147-acre area.



Pawcatuck includes the neighborhoods listed below:

• Anguilla
• Berry Hill
• Clarksville
• Downerville
• Hinckley Hill
• Lower Pawcatuck
• Solomonville
• Stillmanville
• Wequetequock Hill
• 
  

Housing Trends eNewsletter from Bridget Morrissey

My Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators.  It also has consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

To access the newsletter click here.

Mystic Neighborhoods

CNN selects Mystic as a BEST seaside escape.CNN just selected Mystic, Connecticut as one of five “Summer hideaways: Best U.S. Seaside escapes.” Very cool and we agree of course.

“Drowsy port towns aren’t trying to make it big. They’re content to sit quietly idle without the throngs of trend-seekers in search of a place to deem the next hotspot. That’s why we like them. Seaside towns are a mainstay of the summer months….”

Visit the article to see what CNN had to say about our little town and region. We’re right in there with Nantucket, Massachusetts; Ogunquit, Maine; Watch Hill, RI (our beautiful neighbor); and Pacific Grove, California.

Pequotsepos

Old Mystic

Greenmanville

Downtown Mystic

Masons Island

Waterford Real Estate Market Report July 2017

The Waterford Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Waterford homes for sale.






Waterford CT is named after Waterford, Ireland. The neighborhoods are Dufree Hill, East Neck, Fog Plain, Gilead, Goshen, Great Neck, Harrisons, Lake's Pond, Logger Hill, Mago Point, Magonk, Mullen Hill, Oswegatchie, Pepperbox Road, Pleasure Beach, Ridgewood Park, Riverside Beach, Spithead, Strand, West Neck.

Mago Point, Waterford, Connecticut is an area in Waterford that is home to many marine businesses such as The Dock Restaurant, the Sunbeam Fleet, Mago Point Marina, Hillyers Bait and Tackle, the Mijoy 747 fishing boat, Sunset Ribs, Mago Point Packy, and the Niantic Bay Boat Valet. Mago Point is a large tourist site, attracting people from all around the North East to Waterford.


Connecticut College Arboretum, Eugene O'Neill Theater Center, Harkness Memorial State Park, and the Waterford Speedbowl are noted area attractions.

Home Inspection

A home inspection is basically considered a non-invasive visual inspection. Non-invasive means that no damage is done to the home, such as, tearing apart walls to view the insulation. The inspection is done to see if there are any major issues that need to be resolved and to coach the home buyer about necessary maintenance.

What is usually done first is to look at the outside of the house at all of the pieces . Flashing, doors, windows, siding, trim, the chimney and the roof are checked to see if anything is missing, out of order or in need of maintenance at the time. Then attention is paid to that area inside of the house to look for any evidence of failure. Evidence of failure is just a fancy way to say work.

Essentially, most of the issues that is seen with houses is related to water. The main purpose of the outside of the house is to shed water or to move it away from the home. If something is not right on the outside then how does that affect the inside. A moisture meter, thermometer, and just plain old digging with a screwdriver will tell us a lot about the condition of the home. About 80% of the issues that arise in a home inspection are due to water.



On the other hand, about 20% of the issues are due to guys who think they are handy and who take on a job a little outside of their skill set! The inspector will go through the house and look for evidence of amateur work. If it is OK then the inspector will let the home buyer know and if not OK then it will be in the report. If it something that may be unsafe it will also appear in the report.

As the inspection occurs it is not just a matter of finding things right or wrong with the home but it is also to make recommendations such as to paint something, raise a railing, or put a cover on a junction box. It will go into the report and the home buyer can prioritize what they want to do with the recommendations.

A lot of pictures and notes are taken during the inspection to be put into the report. The report is designed to be two things for the home buyer. First, it is designed to help on the negotiations before the closing. Anything that needs to be addressed or corrected that was not readily seen in the initial observations can be negotiated and taken care of before the closing.

Second, the report serves as a resource for as long as the home is owned. A lot of general information is contained in the report. The process requires the inspector to inform the home buyer of such things as to where to turn off the water and the electricity, what kind of fuel to use in the house and what kind of maintenance is required,

If any issues are discovered they are made to stand out from the general information. Minor maintenance issues, major repairs and safety issues are pointed out in the report. Maintenance issues are things that need to be done on an ongoing process. Major repairs or suggestions for replacement will be included. Depending on the age of the home certain aspects that were considered safe at the time it was built may need to be upgraded for safety reasons.

Electrical connections, appliances, water pressure, windows, doors, and fireplaces are all checked to be in working condition. The basement is checked for moisture, the attic and crawl spaces for insulation, All of the pieces requiring plumbing, i.e., sinks, toilets, showers and bath tubs are checked to make sure that they drain properly.

The heating system and all of the mechanicals are checked to make sure that they function properly. In Connecticut, inspectors are required to remove the cover on the electrical panel and explain any issues that may be found with the wiring.

Even brand new houses can have issues so it is important for a home buyer to find a reputable home inspector to do the job. Like so many other other aspects of purchasing a home a good realtor can make the right recommendation for you!

For more information on Home Inspections check out the following

Top Home Inspection Issues to Avoid by Bill Gassett

How to Negotiate Home Repairs After a Home Inspection by Anita Clark


Top Reasons To Have A Home Inspection When Buying A Home by Kyle Hiscock

What can I expect from a home inspection? by Lynn Pineda

17 Questions to ask your home inspector by Megan Wild

North Stonington Real Estate Market Report July 2017

The North Stonington Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales in North Stonington, the average price per square foot for homes, the number of homes for sale, and the average listing price of North Stonington homes for sale


According to Wikipedia, the rapid residential growth of North Stonington led to the development in 1963 of planning and zoning restrictions and guidelines as North Stoniongton citizens became increasingly anxious about the potential for overdevelopment destroying the rural nature of the town. Population growth in the past thirty years has continued, but at nowhere near the break-neck pace of the 1950s and 1960s; today, the main challenge to preserving North Stonington's historically rural character comes less from housing subdivisions and more from big commercial development ideas. North Stonington, because of its access to I-95, rural charm, and after 1992 its proximity to the Mashantucket casino in the adjacent town of Ledyard, has attracted numerous would-be developers who have advanced as-yet unsuccessful entertainment park schemes for the town.

North Stonington residents and visitors cherish the town for its beauty and historic value. In 1983 the village was added to the National Register of Historic Places, based on 58 existing homes and other buildings from the late 18th and early 19th centuries within the North Stonington environs.


Click here for North Stonington Real Estate Market Report

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