NEW LONDON COUNTY
Q1 2018

NEW LONDON COUNTY
Q1 2018

NEW LONDON COUNTY PDF Share Facebook
ALL PROPERTY TYPES  M Q
Bozrah  M  Q
Single Family Homes M Q  
Colchester  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
East Lyme  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Franklin  M  Q
Single Family Homes M Q  
Griswold  M  Q
Single Family Homes M Q  
Groton  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Lebanon  M  Q
Single Family Homes M Q  
Ledyard  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Lisbon  M  Q
Single Family Homes M Q  
Lyme  M  Q
Single Family Homes M Q  
Montville  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Mystic  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
N Stonington  M  Q
Single Family Homes M Q  
New London  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Norwich  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Old Lyme  M  Q
Single Family Homes M Q  
Preston  M  Q
Single Family Homes M Q  
Salem  M  Q
Single Family Homes M Q  
Sprague  M  Q
Single Family Homes M Q  
Stonington  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
M MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Q QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact us.

TABLE OF CONTENTS CONTINUED
Voluntown  M  Q
Single Family Homes M Q  
Waterford  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
M MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Q QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact us.


REAL ESTATE SNAPSHOT | Q1 2018
NEW LONDON COUNTY
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1311 1342 -2.31%  1311 1342 -2.31% 
Sold Listings 644 694 -7.2%  644 694 -7.2% 
Median Listing Price $216,950 $189,999 14.18%  $216,950 $189,999 14.18% 
Median Selling Price $207,500 $189,900 9.27%  $207,500 $189,900 9.27% 
Median Days on Market 73 57 28.07%  73 57 28.07% 
Average Listing Price $251,470 $228,808 9.9%  $251,470 $228,808 9.9% 
Average Selling Price $240,843 $218,712 10.12%  $240,843 $218,712 10.12% 
Average Days on Market 97 86 12.79%  97 86 12.79% 
List/Sell Price Ratio 96.3% 96.1% 0.14%  96.3% 96.1% 0.14% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change
Bozrah 6 9 -33%  4 7 -43%  $179 K $165 K 8.45%  36 68 -47% 
Single Family Homes 6 9 -33%  4 7 -43%  $179 K $165 K 8.45%  36 68 -47% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Colchester 81 96 -16%  45 52 -13%  $231 K $206 K 12%  73 72 1.39% 
Single Family Homes 79 89 -11%  43 46 -6.52%  $231 K $194 K 19%  88 70 26% 
Condo-Townhome 2 7 -71%  2 6 -67%  $304 K $236 K 29%  68 92 -26% 
East Lyme 98 113 -13%  64 45 42%  $275 K $257 K 7.00%  87 87 0.00% 
Single Family Homes 78 82 -4.88%  49 33 48%  $275 K $280 K -1.79%  78 40 95% 
Condo-Townhome 20 31 -35%  15 12 25%  $276 K $186 K 48%  98 122 -20% 
Franklin 5 6 -17%  2 4 -50%  $241 K $181 K 34%  134 42 219% 
Single Family Homes 5 6 -17%  2 4 -50%  $241 K $181 K 34%  134 42 219% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Griswold 56 52 7.69%  23 21 9.52%  $163 K $133 K 23%  69 22 214% 
Single Family Homes 54 50 8.00%  20 20 0.00%  $177 K $136 K 30%  69 32 116% 
Condo-Townhome 2 2 0.00%  3 1 200%  $91 K $55 K 66%  66 14 371% 
Groton 162 178 -8.99%  83 102 -19%  $205 K $180 K 14%  71 63 13% 
Single Family Homes 135 153 -12%  70 81 -14%  $220 K $218 K 0.92%  67 57 18% 
Condo-Townhome 27 25 8.00%  13 21 -38%  $128 K $132 K -3.03%  90 78 15% 
Lebanon 46 40 15%  9 21 -57%  $156 K $170 K -8.18%  133 51 161% 
Single Family Homes 45 40 13%  9 21 -57%  $156 K $170 K -8.18%  133 51 161% 
Condo-Townhome 1 0   0 0   $0 $0   0 0  
Ledyard 84 93 -9.68%  45 51 -12%  $225 K $220 K 2.27%  57 48 19% 
Single Family Homes 83 90 -7.78%  44 50 -12%  $225 K $222 K 1.35%  59 47 26% 
Condo-Townhome 1 3 -67%  1 1 0.00%  $100 K $50 K 100%  5 162 -97% 
Lisbon 21 8 163%  4 12 -67%  $216 K $228 K -5.27%  116 63 84% 
Single Family Homes 21 8 163%  4 12 -67%  $216 K $228 K -5.27%  116 63 84% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Lyme 20 18 11%  9 8 13%  $475 K $435 K 9.20%  208 192 8.33% 
Single Family Homes 20 18 11%  9 8 13%  $475 K $435 K 9.20%  208 192 8.33% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Montville 75 83 -9.64%  45 53 -15%  $197 K $168 K 17%  56 49 14% 
Single Family Homes 73 82 -11%  43 51 -16%  $198 K $170 K 17%  56 45 24% 
Condo-Townhome 2 1 100%  2 2 0.00%  $38 K $31 K 20%  34 123 -72% 

REAL ESTATE SNAPSHOT | Q1 2018
NEW LONDON COUNTY
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change
N Stonington 16 27 -41%  12 16 -25%  $275 K $263 K 4.74%  130 63 106% 
Single Family Homes 16 27 -41%  12 16 -25%  $275 K $263 K 4.74%  130 63 106% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
New London 93 85 9.41%  31 43 -28%  $128 K $136 K -5.88%  70 62 13% 
Single Family Homes 62 59 5.08%  22 36 -39%  $149 K $136 K 9.78%  63 51 24% 
Condo-Townhome 31 26 19%  9 7 29%  $93 K $141 K -34%  74 89 -17% 
Norwich 155 186 -17%  99 91 8.79%  $132 K $118 K 11%  79 50 58% 
Single Family Homes 124 152 -18%  86 78 10%  $133 K $127 K 5.34%  79 49 61% 
Condo-Townhome 31 34 -8.82%  13 13 0.00%  $119 K $95 K 25%  70 61 15% 
Old Lyme 80 51 57%  22 33 -33%  $328 K $360 K -9.03%  91 70 30% 
Single Family Homes 76 50 52%  22 32 -31%  $328 K $355 K -7.75%  91 70 30% 
Condo-Townhome 4 1 300%  0 1   $0 $395 K   0 70  
Preston 27 17 59%  13 18 -28%  $183 K $213 K -14%  53 67 -21% 
Single Family Homes 27 17 59%  13 18 -28%  $183 K $213 K -14%  53 67 -21% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Salem 16 31 -48%  14 5 180%  $273 K $283 K -3.20%  114 119 -4.20% 
Single Family Homes 13 31 -58%  14 5 180%  $273 K $283 K -3.20%  114 119 -4.20% 
Condo-Townhome 3 0   0 0   $0 $0   0 0  
Sprague 6 7 -14%  5 3 67%  $205 K $210 K -2.38%  121 111 9.01% 
Single Family Homes 6 7 -14%  5 3 67%  $205 K $210 K -2.38%  121 111 9.01% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Stonington 111 119 -6.72%  51 36 42%  $299 K $279 K 7.36%  63 39 62% 
Single Family Homes 95 101 -5.94%  42 33 27%  $293 K $306 K -4.26%  59 32 84% 
Condo-Townhome 16 18 -11%  9 3 200%  $365 K $233 K 57%  190 78 144% 
Voluntown 12 10 20%  6 6 0.00%  $256 K $98 K 162%  63 57 11% 
Single Family Homes 12 10 20%  6 6 0.00%  $256 K $98 K 162%  63 57 11% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Waterford 141 113 25%  58 67 -13%  $226 K $208 K 8.92%  63 41 54% 
Single Family Homes 118 100 18%  48 60 -20%  $234 K $215 K 8.86%  63 39 62% 
Condo-Townhome 23 13 77%  10 7 43%  $141 K $125 K 13%  63 43 47% 
Total 1311 1342 -2.31%  644 694 -7.20%  $208 K $190 K 9.27%  73 57 28% 
Single Family Homes 1148 1181 -2.79%  567 620 -8.55%  $217 K $195 K 11%  71 53 34% 
Condo-Townhome 163 161 1.24%  77 74 4.05%  $139 K $134 K 3.20%  86 77 12% 

NEW LONDON COUNTY
MARKET OVERVIEW
Q1 2018 | Single Family Homes
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1148 1181 -2.79%  1148 1181 -2.79% 
Sold Listings 567 620 -8.55%  567 620 -8.55% 
Median Listing Price $219,900 $199,900 10.01%  $219,900 $199,900 10.01% 
Median Selling Price $217,000 $195,000 11.28%  $217,000 $195,000 11.28% 
Median Days on Market 71 53 33.96%  71 53 33.96% 
Average Listing Price $260,691 $236,731 10.12%  $260,691 $236,731 10.12% 
Average Selling Price $249,463 $225,991 10.39%  $249,463 $225,991 10.39% 
Average Days on Market 95 84 13.1%  95 84 13.1% 
List/Sell Price Ratio 96.4% 96.2% 0.23%  96.4% 96.2% 0.23% 
TEN-YEAR MARKET HISTORY
Q1 2018 | Single Family Homes
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

NEW LONDON COUNTY
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q1 2018 | Single Family Homes
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q1 2018 | Single Family Homes
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

NEW LONDON COUNTY
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q1 2018 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q1 2018 | Single Family Homes
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

NEW LONDON COUNTY
MEDIAN SALE PRICE AND UNITS SOLD
Q1 2018 | Single Family Homes
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q1 2018 | Single Family Homes
Number of properties sold in the previous two years

NEW LONDON COUNTY
MARKET OVERVIEW
Q1 2018 | Condo-Townhome
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 163 161 1.24%  163 161 1.24% 
Sold Listings 77 74 4.05%  77 74 4.05% 
Median Listing Price $141,900 $139,450 1.76%  $141,900 $139,450 1.76% 
Median Selling Price $138,750 $134,450 3.2%  $138,750 $134,450 3.2% 
Median Days on Market 86 77 11.69%  86 77 11.69% 
Average Listing Price $183,572 $162,421 13.02%  $183,572 $162,421 13.02% 
Average Selling Price $177,364 $157,728 12.45%  $177,364 $157,728 12.45% 
Average Days on Market 110 101 8.91%  110 101 8.91% 
List/Sell Price Ratio 95.4% 95.9% -0.51%  95.4% 95.9% -0.51% 
TEN-YEAR MARKET HISTORY
Q1 2018 | Condo-Townhome
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

NEW LONDON COUNTY
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q1 2018 | Condo-Townhome
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q1 2018 | Condo-Townhome
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

NEW LONDON COUNTY
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q1 2018 | Condo-Townhome
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q1 2018 | Condo-Townhome
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

NEW LONDON COUNTY
MEDIAN SALE PRICE AND UNITS SOLD
Q1 2018 | Condo-Townhome
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q1 2018 | Condo-Townhome
Number of properties sold in the previous two years

The statistics presented in the Quarterly Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of BHHS New England Properties. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright ©2018 BHHS New England Properties.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.