Ledyard Real Estate Market Report August 2017 from Bridget Morrissey

The Ledyard 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 Ledyard homes for sale.

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.

CLICK HERE FOR THE LEDYARD REAL ESTATE REPORT

South Kingstown Real Estate Market Report August 2017 from Bridget Morrissey

The South Kingstown RI 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 South Kingstown homes for sale

CLICK HERE FOR THE SOUTH KINGSTOWN REAL ESTATE MARKET REPORT

Westerly Neighborhoods – Watch Hill

Watch Hill is located on a peninsula that is nearly surrounded by the Atlantic Ocean and Block Island Sound. Watch Hill is a charming village of Westerly in the southwest corner of Rhode Island. 

Rowing, swimming, ocean sailing, fishing and hiking are popular here. This is a favored resort area featuring local shopping and fine restaurants.

Located between New York City and Boston makes it ideal for day trips. You may want to stay longer at one of the many local inns and hotels.

Bay Street is a must see in Watch Hill with shops, restaurants, and businesses. The main beaches are East Beach and Napatree Point in the village. It is a secluded and seasonal resort community with shopping, a golf and beach club, yacht club and public and private beaches making it a very popular destination.

58% of Homeowners See a Drop in Home Values Coming

Keeping Current Matters

 According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices.





However, this market has very little in common with what happened last decade. The two major causes of the housing crash were: A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home. Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment.

The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market. The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.

 If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey. Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values ( depreciation) in any of the years mentioned.

 Bottom Line If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.

East Lyme Real Estate Market Report February August from Bridget Morrissey

The East Lyme Real Estate Market Report is a monthly statement of East Lyme Median List Price, the East Lyme Zillow Home Value Index, the East Lyme Median Sales Price, and the East Lyme Zillow Rent Index.

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.

CLICK HERE FOR THE EAST LYME REAL ESTATE REPORT

CLICK HERE FOR THE NIANTIC REAL ESTATE REPORT

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

Stonington Neighborhoods - Mystic

Head to the bridge! Nestled along both banks of the Mystic River in Groton and Stonington, historic Downtown Mystic is one of New England’s premier tourist destinations. Mystic has a rich tradition as a seaside community that makes our locals happy to call it home, and our visitors feeling like it’s their second home. Explore our welcoming downtown, where you can eat, stay, shop and play anytime of the year.

Stonington Real Estate Market Report August 2017 from Bridget Morrissey

The Stonington 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 Stonington homes for sale.





CLICK HERE FOR THE STONINGTON REAL ESTATE REPORT