The Commercial Record - April 2017 by The Warren Group

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REAL ESTATE & FINANC IAL

CAUTIOUS OPTIMISM IN THE MORTGAGE MARKET ENTERING 2014

David B. Lovins

EDITORIAL

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Director of Information Solutions Sales: Malee Nuesse Executive Account Manager, Data Solutions: William Visconti Data Solutions Account Managers: Kevin Bartlett, Chris Mirakian Audience Solutions Specialists: Jenell James, Sarah Ahlgren

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INFORMATION TECHNOLOGY Senior Applications Developer: Joe Chan Software Developers: Tatyana Lisyanaya, Michael Paul Network Administrator: Mark Craver

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INSIDE QM Deadline Looms A Record Year For Real Banks Held RespoEstate nsible JANUARY

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Timothy M. Warren Jr.

Associate Editors: Steve Adams, Malea Ritz Reporters: Laura Alix, Jim Morrison

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2014 | THE COMME RCIAL

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The Commercial Record (ISSN 0010-3098) © 2017 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the publisher. Periodicals postage paid at Boston, MA, and additional locations. Published 12 times a year January to December 2017. The Commercial Record™ and The Warren Group™ are trademarks of The Warren Group Inc. POSTMASTER: Please send address changes to The Commercial Record, 280 Summer St., Boston, MA 02210. Basic annual subscription rate is $349, monthly subscription rate is $35. Subscription, advertising, editorial and production inquiries should be directed to: The Commercial Record, 280 Summer St., Boston, MA 02210, 800-356-8805.

2 | THE COMMERCIAL RECORD | APRIL 2017

inside The Commercial Record’s Technology Issue From smartphones to smart homes, technology is encroaching on every aspect of our lives. Sometimes for the better – turning up the heat before you get home on a cold winter’s night – and sometimes for the worse – turns out people like to control their home heating system with an app, but they’re not clamoring for the option. This issue of The Commercial Record explores the best in tech.

16 4

From Disruptor To Partner After eyeing each other with disdain and in some cases outright dislike, banks and fintechs are finding they can accomplish more as friends rather than foes.

Automation Nation As homes and phone grow increasing smart, agents find buyers like the option to automate everything – but it’s not necessarily a high priority.

12 LEED For Broadband

LEED and WELL weren’t enough; cutting-edge commercial owners and landlords turn to WiredScore to rate their connectivity.

14 Top Tech & Tools

10 news roundup

Rated by their own customers, the top five banks for technology and tools in each county.

11 in person 22 top commercial transactions

16 Special Focus Top Lenders Of 2016 The Commercial Record’s annual list of top banks, mortgages and credit unions in a variety of loan categories, by volume and number of loans.

state statistics

24 trendlines

38 gossip report

APRIL 2017 | THE COMMERCIAL RECORD | 3

From Disruptor To Partner

WORKING IN THE BACKGROUND Backend Functions Ripe For Fintech Opportunities

BY LAURA ALIX | COMMERCIAL RECORD STAFF

s financial institutions and fintechs size each other up, what should not go overlooked is the opportunity for fintechs to create efficiencies in some of banking’s most critical functions, say industry observers. Not long ago, the conversation around fintech firms entering the financial services space positioned the newcomers as competitors and disruptors. But that narrative is tired and no longer reflective of reality. Financial institutions and fintech firms are realizing they need each other: fintechs can move quickly and innovate more free-

ly, but banks have scale, customers and the expertise in regulatory compliance that it would take smaller tech startups years to match. “We looked at it originally as fintech wanting to compete with financial institutions, but realized at the end of the day that we would actually partner with fintech,”

4 | THE COMMERCIAL RECORD | APRIL 2017

David Araujo, vice president of technology at Digital Federal Credit Union, said of the credit union’s philosophy behind its fintech incubator. “We do firmly believe that fintech needs to have partners in financial institutions, and it seems like the fintechs that we work with want to be part of the relationships we have with our customers.” “Fintech” might conjure up images of sleek apps designed to help consumers budget or chatbots that interact with visitors to a bank’s website. But there are just as many, if not more, applications for fintech to work in the background, say by smoothing out wrinkles in the mortgage loan origination process or alerting a lend-

er when a borrower is at risk of defaulting. For instance, the use of alternative data in helping financial institutions make credit scoring decisions is an especially ripe opportunity for fintech firms, said Christine Pratt, a senior analyst at Aite Group. She points to companies like eCredable and RevolutionCredit as examples in this space. The former provides a platform for consumers to manually or automatically record all of their recurring payments to construct a kind of proxy score that financial institutions can use for lending decisions. Pratt also gives as example a company called Early Warning; that platform monitors a borrower’s liquid assets to help financial institutions get a better sense of who might be at risk of default. Gerald R. Gagne, a partner with the firm Wolf & Co., likes transaction monitoring and enterprise risk analysis as examples of where fintech could create some efficiencies. And he pointed out that a few banks, including Eastern Bank in Boston, have rolled out their own technologies to mine big data for insights into lending decisions.

Blockchain, the distributed ledger technology born out of Bitcoin and other cryptocurrencies, is another area that shows potential for innovation, especially in the credit union world, Araujo said. “I would say one of the pieces of technology that really hasn’t found a place yet, but there’s a lot of work going on, is within the blockchain space,” he said. “Generally speaking there are a lot of opportunities for back office efficiencies. It’s just a matter of how to make that happen with this technology.” Araujo discussed the efforts of CULedger, a consortium of more than 60 credit unions, CUSOs and trade associations, all working together on blockchain solutions for the financial services space. One potential application of blockchain might be for identity verification and authentication or for creating efficiencies in the mortgage loan origination process. Artificial intelligence also shows promise for mediating customer service calls into a financial institution, said Vasilios Roussos, managing director of the DCU Fintech Innovation Center. Discussing an incubator graduate’s recent efforts, Roussos said that “one of the

things that they’re seeing out in the marketplace is a lot of work in the AI space. How can you reduce and simplify the process? How can AI be used to get you most of the way toward a solution?” But with a whole new host of fintech vendors comes a whole new dimension of vendor management, Gagne said. “One of the things you have to worry about is the business model,” he said. “Model risk is a huge concern with the examiner.” That’s one obstacle that Barry Abramowitz, chief information officer at Liberty Bank in Middletown, identified where fintech partnerships are concerned. “There are a lot of new offerings out there through some of the fintechs that are pretty solid, and one of our challenges is that traditionally, there wasn’t an environment that was bringing ready-to-deliver solutions to companies and now there are,” he said. “We’ve had to adjust our vendor management program and our risk appetite because a lot of companies have only been around for a few years.” n Email: lalix@thewarrengroup.com

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APRIL 2017 | THE COMMERCIAL RECORD | 5

STATE STATISTICS 10-Year Single-Family Sales More than $1 Million

Top 5 Credit Unions Market Share: All Mortgages

300

American Eagle FCU | 2017 Rank: 1 | 2016 Rank:1

17.17%

NUMBER OF SALES

240

22.79%

180 Charter Oak Fed Cr Un | 2017 Rank: 2 | 2016 Rank: 2

120

14.66%

16.12%

Sikorsky Fncl CU Inc | 2017 Rank: 3 | 2016 Rank: 3

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 *Statistics include sales January-February - All Years Source: The Warren Group

8.85%

Condo Sales By Price Range 7.62%

1,200 $700K+

1,080

$500k-$699k

CT State Emp FCU | 2017 Rank: 4 | 2016 Rank: 4

$400k-$499k $300k-$399k

960

NUMBER OF SALES

$150k-$299k $10K-$149k

840 720

6.47%

6.19%

600

Navy FCU | 2017 Rank: 5 | 2016 Rank: 6 480

5.28%

360 240

3.95%

120 0

1992

1997

2002

2007

2012

*Statistics include sales January-February- All Years Source: The Warren Group

6 | THE COMMERCIAL RECORD || APRIL APRIL2017 2017

2017

2016

*2015 MarketShare percent (of Credit Union Lenders only) thru February 2017 *2014 MarketShare percent (of Credit Union Lenders only) thru February 2016

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 2,000

Norcom Mortgage | 2017 Rank: 1 | 2016 Rank: 2

2.73%

2.99%

First World Mortgage | 2017 Rank: 2 | 2016 Rank:3

2.58%

NUMBER OF SALES

1,600

1,200

800

400

2.95% 0

Quicken Loan Inc | 2017 Rank: 3 | 2016 Rank: 9

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 *Statistics include sales January-February - All Years Source: The Warren Group

2.55%

Multifamily Home Sales 2.07%

500

2-Family

3-Family

Total Mtg Svcs | 2017 Rank: 4 | 2016 Rank: 10

400

2.04% Webster Bank | 2017 Rank: 5 | 2016 Rank: 5

NUMBER OF SALES

2.53%

300

200

2.49%

100 2.65%

2017

2016

*MarketShare percent and Rank statistics includes loans thru February for both 2016 & 2017

07 08 09 10 11 12 13 14 15 16 17 *Statistics include median prices January-February - All Years Source: The Warren Group

APRIL 2017 | THE COMMERCIAL RECORD | 7

Automation Nation

BUYERS LOOK ASKANCE AT HIGH-TECH HOMES

Automation May Be A Perk, But It’s Not A Necessity

BY JIM MORRISON | COMMERCIAL RECORD STAFF

omputer home automation has been around for nearly a decade and the number of home features that can be automated and remotely controlled is growing annually. But Realtors say there’s low demand for high-tech homes in the Nutmeg State. 8 | THE COMMERCIAL RECORD | APRIL 2017

Michael Barbaro, broker/owner of Huntsman Meade Partners in New Haven and president of the Connecticut Association of Realtors, said he’s sold a lot of properties with home automation systems, but those systems aren’t on buyers’ wish lists. Some buyers are intimidated by those systems; others see them more as a cool amenity. “They’re not asking for it, in my experience,” Barbaro said. “My own home is entirely automated. I recently sold the home

of the contractor who did it for me which was even more automated than mine. Some people were turned off and the ultimate buyer was even intimidated at first.” Because he went all-out with the system, Barbaro estimates the automation of his new home added between 7 and 10 percent to the cost of the build. He said it’s unlikely he would recoup those costs if he sold the house, but in highend markets, buyers might see more value in the systems. “In some of these estates in Darien and New Canaan you’ll probably recoup the costs,” he said. Formerly a builder, Barbaro said he’s seen a lot of fads – like trash compactors, central vacuum systems and oversized whirlpool baths – that were must-haves for buyers at the time, but ultimately never got used and are slowly disappearing from homes. But he thinks home automation will endure. “If people actually had it, they would love it,” he said. “Our lives are essentially automated. We get to bed every night hit that goodnight button the lights, heat, security all go into the mode we want. I can’t tell you how often I use my cameras. I have a closet on the second floor of my house and I get a notification every time that door opens. You can get a screenshot when your kids get home from school. I wonder how I lived without it.” Barbaro said in the four years since he’s been using the automation system, it’s frozen on him twice. Both times he powered the system down, powered it back up and everything was fine. High-tech homes will gain some buyers’ interest, but it’s not a must-have, said David Stevenson, a 30-year veteran agent with Coldwell Banker in Danbury. He said it wouldn’t surprise him if some buyers never used it, or used the technology a little at first, but then stopped. “They want all that tech stuff as long as it’s not expensive,” he said. “They love to control the heat, TV and fridge with their phones. It’s gadgetry. They may not ultimately use it, but they want it. It’s like buying a condo in a building with a pool. Nobody uses them, but they all want them.” Home automation is still relatively

new to the New Haven market, according to Carolyn Augur, a Realtor with William Raveis and president of the New Haven-Middlesex Board of Realtors. Augur said it’s becoming more and more common, especially in the $500,000 and up market.

“

A lot of Barbaro’s clients like solar panels, but he doesn’t see a lot of demand for houses that have them. The most important thing is to try to find out the details of the lease before a buyer makes an offer so they can make a more informed decision.

It’s very intuitive. There’s a little bit of a learning curve. The menus are all icons like a picture of a TV, a lock for the doors, a thermometer for the HVAC. They’re very user friendly. I’d like to think one day we’ll see automation in every home, but time will tell.” — Michael Barbaro, president, CT Association of Realtors

“Being able to control the HVAC from an app on your phone is a big trend,” she said. “It’s starting to grow. My buyers aren’t intimidated by it at all. They think it’s really cool. We’re all in a click-click-click world, so if technology can make your lifestyle easier, people see value in that.”

Solar Gains Ground Technological innovations aren’t just inside the homes or on the owners’ smartphones; sometimes, they’re on the roof. Rooftop solar photovoltaic (PV) panels aren’t new, but they’re making a big comeback in Connecticut. Stevenson said he instructs all of his buyers to check Google’s Project Sunroof to see if their new home is a good candidate for solar panels and more and more of them are doing it. “It’s a generational thing. Younger buyers who understand technology are much more in tune to solar,” Stevenson said. “They make the decision based on morality than anything. It goes back to the fact that the technology is so much better now. People also understand how simple it is and how quick the return on investment is.” Most homeowners rent the panels from a company. If they sell the house before the lease is up, they either pay a termination fee or the new owners can assume the lease, Stevenson said.

“It’s a matter of understanding,” he said. “Years ago you bought them, now people lease the system. I just sold a house to an investor. The house has 18 years left on a 20-year lease, so he wasn’t so thrilled to have them.” Regardless of whether or not people want automated systems in their homes, Barbaro said, there’s no reason to be intimidated by them. Using modern home automation technology doesn’t require a computer programming degree. “Almost anyone can operate the house,” he said. “It’s very intuitive. There’s a little bit of a learning curve. The menus are all icons like a picture of a TV, a lock for the doors, a thermometer for the HVAC. They’re very user friendly. I’d like to think one day we’ll see automation in every home, but time will tell.” Stevenson is less optimistic on the future of home automation. “It’s kind of a fad kind of thing. My first condo had a trash compactor; nobody used it,” he said. “I know a lot of people who have central vac and still have a vacuum cleaners. People love to be able to tell their friends they can adjust their thermostat while they’re away. Now people waste a lot more time monitoring their homes on their phone.” n Email: jmorrison@thewarrengroup.com

APRIL 2017 | THE COMMERCIAL RECORD | 9

NEWS ROUNDUP CFPB IMPOSES LARGEST HMDA FINE TO DATE AGAINST NATIONSTAR MORTGAGE

FEDS PRESCRIBE SIMPLER CAPITAL RULES, CALL REPORTS TO EASE REGULATORY BURDEN

The Consumer Financial Protection Bureau (CFPB) last month ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for violating the Home Mortgage Disclosure Act (HMDA) by consistently failing to report accurate data about mortgage transactions for 2012 through 2014. The action is “the largest HMDA civil penalty imposed by the bureau to date, which stems from Nationstar’s market size, the substantial magnitude of its errors and its history of previous violations,” the CFPB said in statement. Nationstar was put on notice in 2011 because of HMDA compliance problems. In addition to paying the civil penalty, Nationstar must take necessary steps to improve its compliance management and prevent future violations. Nationstar, a nationwide non-bank mortgage lender headquartered in Coppell, Texas, is a wholly-owned subsidiary of Nationstar Mortgage Holdings Inc. With nearly 3 million customers, Nationstar Mortgage Holdings is a major participant in the mortgage servicing and origination markets. The CFPB’s order requires Nationstar to: • Pay a $1.75 million penalty: Nationstar will pay a $1.75 million penalty to the CFPB’s Civil Penalty Fund. • Develop and implement an effective compliance management system: Nationstar will assess and undertake any necessary improvements to its HMDA compliance management system to prevent future violations. • Fix HMDA reporting inaccuracies: Nationstar must review, correct and make available its corrected HMDA data from 2012 – 2014. • Since the CFPB’s examination, Nationstar has been taking further steps to improve its HMDA compliance management system and increase the accuracy of its HMDA reporting.

Federal regulators could reduce regulatory burden on banks by simplifying capital rules, streamlining call reports and increasing the appraisal threshold for commercial real estate loans, a consortium of regulators recently told Congress. Those recommendations were the result of a regulatory review required by the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA. Under that 1996 law, member agencies of the Federal Financial Institutions Examination Council must review their rules every 10 years to identify outdated, redundant or otherwise unnecessary regulations. This latest review focused particularly on the impact to smaller financial institutions. The federal banking agencies hosted six public outreach meetings nationwide and received more than 250 comment letters in total. In their 400-plus page report to Congress, the regulators suggested simplifying capital requirements for community banking institutions – for instance, replacing its treatment of high volatility commercial real estate exposures with a simpler treatment for most acquisitions, development and construction loans. They also suggested raising the appraisal threshold for commercial real estate loans from $250,000 to $400,000. Regulators also reduced the frequency of on-site safety and soundness examinations from 12 to 18 months for certain institutions – namely, those with “outstanding” or “good” composite conditions and under $1 billion in assets. That asset threshold had previously been $500 million, so when regulators raised it, that qualified about 611 more institutions for longer exam cycles. Those institutions will also be eligible for less-frequent Bank Secrecy Act examinations. Among other things, federal regulators also indicated that they were working on clarifying guidance on flood insurance and attempting to address appraiser shortages in rural areas.

COLT EXPANDS OPERATIONS, SAFETY MEASURES IN WEST HARTFORD Gov. Dannel P. Malloy announced that Colt’s Manufacturing Co. will purchase a manufacturing facility and headquarters in West Hartford to accommodate for an expansion of operations. The property acquisition is part of a $23 million project to target the retention of its current workforce of 600 employees and is intended to lead to the creation of an additional 100 jobs at the location over the next five years. Colt has been a designer and manufacturer of firearms in Connecticut since 1847. The company supplies military, law enforcement and civilian customers. The company is initiating several safety measures to demonstrate its ongoing support of firearms safety education. Colt will provide financial

support for Project ChildSafe, a program of the National Shooting Sports Foundation to promote firearm safety and education. The company will also sponsor seminars in support of Connecticut law enforcement firearms safety initiatives; include safety messaging in key marketing initiatives; and add a safety section on the Colt website to include various safety resources. The Department of Economic and Community Development is supporting the expansion project through a $10 million loan, with up to $2 million forgiven if certain job milestones are met. State funds will be used to help in the acquisition of the manufacturing facility and the land, which has a total price of $13 million.

THE MOST VIEWED ARTICLES IN MARCH • • • • •

Black Rock Oyster Bar & Grill Sells For $1.3M Thule To Move Into Milford Industrial Site Connecticut Homeowners Among The Highest Taxed In US Branford Dispensary Settles On Location, Signs Lease Connecticut Appraisers Say New Bill Would ‘Gut Existing Law’

10 | THE COMMERCIAL RECORD | APRIL 2017

• • • • •

Defunct Woodbury Restaurant Purchased, To Be Rebranded Webster Announces New SVPs Pharmaceutical Company To Lay Off More Than 200 Employees Two Largest MLSs In Connecticut Approve Merger Webster Bank Manager Indicted On Embezzlement Charge

IN PERSON A Commercial Record online exclusive, the In Person features in-depth interviews with top talent in finance and real estate, from CEOs to nonprofit leaders, entrepreneurs to industry veterans. Excerpts from these interviews appear in the print version of The Commercial Record; to see the complete stories, please visit www.commercialrecord.com.

CANDACE ADAMS, PRESIDENT/CEO, BERKSHIRE HATHAWAY HOME SERVICES (BHHS) NEW ENGLAND, NEW YORK AND WESTCHESTER PROPERTIES Candace Adams started out in real estate sales, but soon got into management and never looked back. How do you differentiate your company in a crowded and competitive field? We’re growing very rapidly. A year and a half ago we expanded into Westchester County and now New York City. We’ve been in expansion mode, bringing in experienced people and buying some great companies. We have amazing leadership, strong regional managers, and phenomenal managers in every office. We have agents from every office coming to the home office quarterly. We start every meeting talking about our values. It’s a culture we nurture, protect and talk about all the time. It’s amazing. What do you see coming in 2017? We see our focus on growth in Rhode Island, Westchester County and New York City. We have an under four-month supply of entry-level homes in Connecticut. Inventory isn’t there. The buyers are there, they’re all over the place. First-time buyers, investors and downsizers. Twenty years ago it would have just been first-time buyers. It’s a strong market.

COLLEEN SHERIDAN, SENIOR VICE PRESIDENT, RM BRADLEY Colleen Sheridan’s career in commercial real estate has taken her from Fairfield to Manhattan and finally Hartford. How would you rate the health of the Hartford office market? The biggest notable change is the conversion of functionally-obsolete office buildings into residential buildings downtown. That has made a huge impact in the inventory. Most of these buildings were tired and not usable for office space. That made a big difference because it took a lot of buildings off the market. Have office rents started to recover? Office rents haven’t really moved a lot in the last decade, honestly. There just hasn’t been enough demand to move the rents by any significant amount. They’ve crept up a little bit, but haven’t made that jump that would encourage new construction. What we really need in Connecticut is new businesses moving in and there really hasn’t been any of that. There isn’t a lot of opportunity for our young people, so they tend to migrate to cities like Boston and New York and the West Coast.

ANNE MARIE CERAMI ,SMALL BUSINESS MARKET MANAGER, SOUTHERN NEW ENGLAND, TD BANK Like so many others in banking, Anne Cerami says she got into her field mostly by accident, when a recruiter suggested a commercial real estate gig at Shawmut Bank 25 years ago. Can you talk about the small business specialist position you created at TD Bank? The specialist officer was assigned to the [small business loan relationships for several branch locations], and they took over the portfolio management part of it, which left the branch manager to do external business development. The goal is for us to stay in touch with our customer four times a year on the lending side … it’s been incredible. What kinds of trends or demands have you noticed among your small business clients recently? The last few years were tough for small business owners. If a business had cash, they wanted to pay down their debt. In a lot of cases they wanted to eliminate their debt. But I can tell you in the last six to nine months that these businesses have waited as long as they can. It’s almost pent up demand. They need new equipment, they need credit.

APRIL 2017 | THE COMMERCIAL RECORD | 11

LEED For Broadband

A NEW CHECKMARK FOR COMMERCIAL LANDLORDS WiredScore Rates Office Buildings’ Connectivity

The CityPlace I office tower in Hartford is the capital city’s first building to obtain WiredScore certification verifying the strength and resilience of its Internet and data infrastructure.

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

EED certification put energy efficiency on the radar of office tenants making lease decisions, and WELL building standards are starting to measure how workspaces can affect the health and fitness of employees.

Now comes WiredScore, a New York City startup that seeks to set the industry standard for rating reliable, robust Internet service. Office landlords in Greenwich, Stamford, Norwalk and Hartford have certified over a dozen buildings as they seek to distinguish their properties when recruiting new tenants. In Hartford, the owners and brokers of the CityPlace I tower now can point to its status as the city’s only WiredScore-certified building after receiving a gold rating. “There’s a benefit to having something that no one else has,” said John Caldwell, president of Boston-based landlord Paradigm Properties, which acquired the 38-story tower for $113.5 million in 2015. “That’s part of our rationale. The other is to be ready if the brokerage community does make WiredScore part of the normal conversation as telecom infrastructure becomes more important to all companies.” After stints in business consulting, Arie Barendrecht co-founded WiredScore in 2013 with Jared Kushner, the New York real estate magnate and adviser to and son-in-law of President Donald Trump. Wired12 | THE COMMERCIAL RECORD | APRIL 2017

Score formed a public-private partnership called WiredNYC with the New York City Economic Development Corp. and promptly signed up more than 150 buildings owned by big landlords including Tishman Speyer, Vornado, Jamestown Properties and SL Green Realty Corp. “When you’re developing an industry standard, to have the mayor of New York stand behind you and say this is the endorsed by the city is critical, particularly in real estate where credibility is integral to convincing landlords to introduce a brand-new concept,” Barendrecht said. As is typical in real estate, timing was important. Just a year earlier, Hurricane Sandy swept through the city and awakened landlords to the vulnerability of commercial buildings. Along with such factors as connectivity speeds and choice of Internet providers, WiredScore assesses buildings’ ability to maintain online connections despite utility outages and equipment damage. Some buildings, for example, have roof-mounted antennas enabling them to stay online if flooding takes out street-level fiber optic connections, Barendrecht said.

Following an expansion into the United Kingdom in 2015, WiredScore has certified more than 750 buildings globally with a footprint of approximately 315 million square feet. In late March, it publicly released its first set of guidelines for architects and developers, intended as a how-to guide for new developments and retrofits.

How The Certification Process Works As the first step in the certification process, a telecommunications engineer visits a property and documents the digital infrastructure. Clients also submit paperwork on telecom systems, and receive a report comparing their property to peer buildings with suggestions for upgrades. Building owners pay an up-front fee for the two-year certification based upon square footage and whether they own an existing building, new development or retrofit. Average fees are $10,000 for a 300,000-square-foot building, Berendrecht said. “There’s basically no information available about the connectivity building to building. But there’s massive risk that tenants are signing leases in buildings where the Internet is not suitable for their options,” he said. “Then you have unhappy tenants, and unhappy building owners because they can’t retain their tenants.” That argument has been persuasive to big landlords in Stamford, where 11 office buildings owned by SL Green Realty Corp., George Comfort & Sons and Empire State Realty Trust have received WiredScore ratings. “Wired Certification helps tenants understand our properties better. Tenants have increasing demands for connectivity needs and view buildings with these services as valuable destinations,” Thomas Durels, director of leasing and operations for Empire State Realty Trust, said in a statement. Although Paradigm Properties’ 884,000square-foot Hartford tower is more than 92 percent leased, ownership anticipates that WiredScore will provide a competitive advantage in future lease negotiations. Tenant brokers haven’t cited the standard as a factor in decisions yet, Paradigm’s Caldwell said, but Paradigm is taking the long view. “If you’ve got the best building in town, which we do, you want to make sure that you check all of the boxes,” Caldwell said. “Our brokers are certainly using it as a selling point.” n

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Email: sadams@thewarrengroup.com APRIL 2017 | THE COMMERCIAL RECORD | 13

Tools & Technology

BETTER TECHNOLOGY ATTRACTS MORE CLIENTS Women And High-Income Earners More Likely To Use Online Tools

The Commercial Record is partnering with Westport-based market research firm Customer Experience Solutions to bring our banking and finance readers information from their own clients and prospects.

The technology and tools at my bank are:

53% Average 35%

Better than average

Worse than average Among CT bank customers

BY BRUCE PAUL | SPECIAL TO THE COMMERCIAL RECORD

he recent Connecticut Bank Benchmarks revealed some interesting and surprising findings about how Connecticut consumers and businesses view and use banking technology, and how gender, age and income drive that usage. Does better technology and tools really attract customers? Yes, it does. The CT Bank Benchmark results show that technology is one of the four key drivers in BRUCE PAUL consideration by your prospects. The other three are customer service, reputation and contribution to the community. Just as importantly, low quality technology is one of the main mo-

tivators customers site for leaving a bank. Given that 14 percent of Connecticut consumers and 18 percent of Connecticut businesses say they will switch financial institutions this year, technology will be a big factor in determining market share for Connecticutâ&#x20AC;&#x2122;s banks and credit unions.

Does Bigger Equal Better in Technology? According to Connecticut consumers and businesses, the answer is: not always.

14 | THE COMMERCIAL RECORD | APRIL 2017

While it is true that larger national and super regional banks score better than community banks as a whole, that is not the whole story. When prospects rate banks they do not use, they tend to assume that a bigger bank they have not used will be better than a smaller bank they have not used. However, when asked about the banks they currently use, a different story emerges. From the county level rankings included here, you can see that exactly half of the top spots in Technology and Tools were captured by smaller institutions, mostly community banks. This serves to remind all banks that while big banks might have an advantage in spending and image, community banks can certainly hold their own.

Times Are Changing Connecticut banks have to ensure that they are ready for the continuing shift

away from the branch toward technology. More than 60 percent of Connecticut customers say they will increase their usage of online and mobile banking tools this year. For high income earners (over $250,000 per year), that increases to 67 percent, and for Millennials, that goes up to 74 percent. Millennials are changing the landscape, not demolishing it. Many bankers believe that the younger generation, the Millennials, are making the branch go the way of the dinosaur or the cell phone that is actually used as a phone. Other bankers think the only reason to keep branches open is to accommodate the elderly who just want to come in to chat, and must be accommodated because they are the ones with the highest deposits. In Connecticut at least, both of these notions appear to be overblown. In Connecticut, less than half of Baby Boomer say they prefer using a branch or the phone over online and mobile. Among Millennials, about a quarter say they actually prefer the branch or phone versus online and mobile. In a reversal of roles in years past, women in Connecticut are now much more likely than men to prefer online/mobile to branch/phone. Women are also more likely to increase their use of online and mobile this year, further widening this technological gender gap. This gender disparity is playing out in some interesting ways, with a few Connecticut banks ranking much higher among women than men. With the financial and tech savvy of women compared to men, this could be a very lucrative approach for some banks.

The Threat of Fintech Many articles have proclaimed the banking industry as doomed in the face of a fintech revolution, with companies like Apple, Google, Yahoo and others supposedly poised to relegate the hapless old bank to the history books alongside the whip and buggy purveyors. In Connecticut, non-banking technology has made some inroads, with 36 percent of customers currently using some non-banks to handle their money. While that is not a surprise to many, what might be a surprise is that Millennials are the east likely to do so and Baby Boomers are the most like to do so. The reason lies not in age, but in wealth. Connecticut residents with incomes over $100,000 are much more likely to have diversified their financial partners than their less welloff counterparts. Technology and tools really do make a difference in your customers’ experience and in your prospects’ point of view. Investing in technology will likely yield reward. n Bruce Paul is president and CEO of Westport-based Customer Experience Solutions. He may be reached at (203) 906-8923 or bruce@cescx.com. For more information please visit cescx.com.

Best Technology & Tools

According to Customers Q4 2016 Retail Commercial Fairfield 1. 2. 3. 4. 5.

Chase Webster Bank Bank of America Bankwell Citibank

1. 2. 3. 4. 5.

Bank of America People’s United Bank Bankwell Savings Bank of Danbury Chase

Hartford 1. 2. 3. 4. 5.

TD Bank Key Bank Farmington Bank Bank of America Wells Fargo

1. 2. 3. 4. 5.

Thomaston Bank Bank of America American Eagle FCU United Bank Simsbury Bank

New Haven 1. 2. 3. 4. 5.

Santander TD Bank Citibank Bankwell Citizens Bank

1. 2. 3. 4. 5.

Citibank Citizens Bank Bank of America Bankwell Ion Bank

New London 1. 2. 3. 4. 5.

Liberty Bank Bank of America Chelsea Groton Bank People’s United Bank Webster Bank

1. 2. 3. 4. 5.

People’s United Bank Eastern Savings Bank Chelsea Groton Bank Savings Institute Liberty Bank

Litchfield 1. 2. 3. 4. 5.

TD Bank Wells Fargo Salisbury Bank Bank of America Ion Bank

1. 2. 3. 4. 5.

TD Bank Wells Fargo Webster Bank Chase Union Savings

Middlesex 1. 2. 3. 4. 5.

TD Bank Essex Savings Bank Chase Bank of America Liberty Bank

1. 2. 3. 4. 5.

Bank of America Essex Savings Bank Ion Bank Liberty Bank American Eagle FCU

Tolland 1. 2. 3. 4. 5.

Wells Fargo TD Bank Savings Institute Farmington Bank Bank of America

1. 2. 3. 4. 5.

Stafford Savings Bank Key Bank Savings Institute United Bank Liberty Bank

Windham 1. 2. 3. 4. 5.

Chelsea Groton Bank Liberty Bank Savings Institute People’s United Bank Bank of America

1. 2. 3. 4. 5.

Jewett City Savings Bank Bank of America Liberty Bank Putnam Bank CNB/Easthampton

APRIL 2017 | THE COMMERCIAL RECORD | 15

2016 TOP LENDERS 16 | THE COMMERCIAL RECORD | APRIL 2017

BANKS DOMINATE AS LENDERS OF CHOICE FOR HOME PURCHASES Residential Holds Steady As Banks Scrutinize Multifamily, Apartment Deals

BY LAURA ALIX | COMMERCIAL RECORD STAFF

onnecticut lenders benefited from demand for rental housing last year, while the residential market remained largely flat, save for a few of the very biggest players in last year’s Top Lenders.

The Commercial Record’s Top Lenders of 2016, compiled with data gathered by The Warren Group, highlights the top residential and commercial mortgage lenders in the state by both volume and number of loans. Banks dominated as the lender of choice for single-family and condominium purchases, according to the data. Wells Fargo made 961 loans totaling $449.3 million, and Bank of America made 591 loans worth $300.4 million in Connecticut last year. Larger regional banks like Webster Bank and United Bank held residential lending more or less steady from 2015, in spite of lackluster home prices at all but the top end of the market. Simon Tahan, Webster’s director of mortgage banking, attributed the bank’s loan business last year to “having regular communications centered on providing education to our customers through homebuyer events, especially with firsttime homebuyers, and working with Realtors and development teams, as well as leveraging our specialties in areas such as professional practice, investment real estate and SBA.” Commercial lending took a tumble across all lender categories, potentially the result of increased regulatory scrutiny of commercial real estate loans driving bankers to look ever more carefully at each deal. People’s United Bank made 36 commercial mortgages worth about $24.2 million in Connecticut last year, and Webster Bank made 70 commercial mortgages worth just under $29 million. While those figures put them among the top commercial lenders in Connecticut, they still represent overall declines in production from 2015. That’s not to say the deals aren’t out there, though. Certain demographic factors are also driving demand for rental housing, which in turn, has driven up demand for financing for multifamily and

apartment buildings, and that’s meant opportunities for banks, big and small, to profit. Reyno Giallongo, chairman and CEO of First County Bank in Stamford, said he was surprised to see the $1.5 billion bank on this year’s Top Lenders list with $9.8 million in multifamily mortgages. He attributed the bank’s volume last year to about half a dozen transactions for clients who bought and renovated workforce housing. He described that stock as moderately-priced apartments largely in downtowns and near train stations. “They were good transactions for us, and I think they were great transactions for the communities where these apartment buildings were located,” he said. “It kept good quality stock in those towns with good quality sponsors.” On the flip side, however, the suburban office market has suffered as companies have followed younger workers to cities like New York, said Marjan Murray, executive vice president at People’s United Bank. Those office properties near downtown areas and train stations have fared best, she said. Still, People’s has benefitted from the demand for multifamily and apartment housing, as well as other commercial properties like grocery-anchored retail. The Bridgeport-based bank did $9.3 million in multifamily mortgages last year. But real estate is cyclical, Murray said, and the bank is looking carefully at each deal these days and is planning on no major political or economic impacts on business in 2017. “I have to say that over the past couple years, multifamily has been the most active for us,” Murray said. “All our projects are through big sponsors we know and feel comfortable with, but we’re taking a good look at the market because we’re concerned about the supply side.” n Email: lalix@thewarrengroup.com

APRIL 2017 | THE COMMERCIAL RECORD | 17

2016 TOP LENDERS

or nearly 145 years, The Warren Group has been the most trusted and reliable source in New England for real estate property data. The company maintains the most comprehensive property database today due to its longstanding relationships with town assessors, clerks and county registries as well as its extensive daily collection of transaction records in the field. Transactional data is collected daily, verified, matched to the appropriate property record and posted weekly and includes sales transfers, mortgages and refinances. The data in this report represents all purchase and non-purchase loans made by banks, credit unions and mortgage companies in Connecticut in 2016. Category breakdowns include single-family, multifamily (two-family and three-family combined), condominium, commercial and residential refinance (non-purchase). Residential and commercial data are not combined in any reports. Each category ranks the top 10 lenders by both dollar volume and number of loans (minimum of 10 loans). For more information, please contact The Warren Groupâ&#x20AC;&#x2122;s customer service department at customerservice@ thewarrengroup.com or 617-896-5388.

Single-Family Purchases Loans Bank Number of Loans Wells Fargo Bank NA Bank of America NA Webster Bank Peoples United Bank United Bank JP Morgan Chase Bank Farmington Bank Liberty Bank Citicorp Mortgage Inc. Newtown Savings Bank

Credit Union

961 591 549 537 523 405 353 350 326 321

$449,333,916 $300,370,647 $288,631,829 $183,609,202 $177,992,353 $174,249,948 $144,813,142 $135,829,940 $103,664,932 $100,664,249

American Eagle Financial CU Navy Federal CU Charter Oak Federal CU Sikorsky Financial CU Inc. 360 Federal CU Mutual Security CU Seasons Federal CU Suma Yonkers Federal CU Coreplus Federal CU Digital Federal CU

Mortgage Co.

Mortgage Company Number of Loans

Credit Union Number of Loans

Bank Loan Volume Wells Fargo Bank NA Bank of America NA JP Morgan Chase Bank Peoples United Bank Citicorp Mortgage Inc. United Bank Webster Bank First Niagara Bank RBS Citizens Bank NA Newtown Savings Bank

Bank

302 255 159 72 19 16 14 12 12 11

William Raveis Mortgage Co. 808 Norcom Mortgage 808 First World Mortgage 775 LoanDepot.Com LLC 717 Village Mortgage Co. 690 Guaranteed Rate Inc. 626 Total Mortgage Services 613 Quicken Loan Inc. 613 Prime Lending Inc. 581 Residential Mortgage Services Inc. 572

Credit Union Loan Volume

Mortgage Company Loan Volume

American Eagle Financial CU $71,176,737 Navy Federal CU $69,897,684 Charter Oak Federal CU $33,446,235 Sikorsky Financial CU Inc. $17,441,805 Bethpage Federal CU $6,199,450 USA Alliance Federal CU $5,867,075 Mutual Security CU $5,433,950 Advancial Federal CU $4,525,000 360 Federal CU $4,018,975 Digital Federal CU $3,849,300

William Raveis Mortgage Co. $253,644,076 LoanDepot.Com LLC $230,611,043 Total Mortgage Services $179,386,497 Norcom Mortgage $168,976,249 Guaranteed Rate Inc. $167,696,770 Village Mortgage Co. $157,844,252 Quicken Loan Inc. $155,466,452 Prime Lending Inc. $153,039,374 First World Mortgage $150,018,094 PHH Home Loans LLC $124,015,011

18 | THE COMMERCIAL RECORD | APRIL 2017

We have the best value for loan officers over any bank or mortgage company in Connecticut.

PROOF:

$167.4M Total GR State Volume in 2014 $265.5M Total GR State Volume in 2015 $369.1M Total GR State Volume in 2016 That’s a 120% Increase. Congrats to all of our employees in Connecticut that helped us reach this level and continue to take us to new heights. This can be you. The best get better by working with the best. Call us now. Jim Earl

Linda Maxwell

Regional Manager, CT

Regional Manager

O: (860) 406-8102 C: (860) 309-0625 Jim.Earl@rate.com

O: (860) 406-8103 C: (860) 877-0826 Linda.Maxwell@rate.com

409 Canal St, Suite 2, Plantsville, CT 06479 • Jim Earl NMLS ID: 21374, CT - LO-21374 - 17196 Linda Maxwell NMLS ID: 21550, CT - LO-21550 - 17196 • NMLS ID #2611 (Nationwide Mortgage Licensing System www.nmlsconsumeraccess.org ) • CT - Lic #17196 Guaranteed Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason prohibited by law. *Source: Guaranteed Rate’s funded loan data from 2014-2016.

APRIL 2017 | THE COMMERCIAL RECORD | 19

Condo Purchase Mortgages Bank Number of Loans Wells Fargo Bank NA Webster Bank United Bank Peoples United Bank Newtown Savings Bank Bank of America NA Savings Bank of Danbury Liberty Bank Farmington Bank JP Morgan Chase Bank

192 161 130 120 110 104 99 90 86 68

American Eagle Financial CU Navy Federal CU Charter Oak Federal CU Sikorsky Financial CU Inc. Suma Yonkers Federal CU USA Alliance Federal CU Mutual Security CU Digital Federal CU United Nations Federal CU Seasons Federal CU

$50,594,833 $26,359,883 $24,464,363 $23,540,623 $23,382,577 $22,590,526 $18,001,594 $17,863,546 $15,700,498 $13,957,640

American Eagle Financial CU Navy Federal CU Sikorsky Financial CU Inc. Charter Oak Federal CU Suma Yonkers Federal CU USA Alliance Federal CU Mutual Security CU Digital Federal CU United Nations Federal CU Seasons Federal CU

Bank Number of Loans 2,870 2,423 1,934 1,809 1,582 727 724 701 618 575

Bank Loan Volume Wells Fargo Bank NA JP Morgan Chase Bank Bank of America NA Peoples United Bank Webster Bank Citicorp Mortgage Inc. United Bank First Niagara Bank TD Bank NA RBS Citizens Bank NA

$937,342,386 $921,630,205 $854,076,546 $572,061,108 $567,808,904 $392,099,466 $261,431,223 $225,021,876 $211,090,690 $202,358,268

Mortgage Co.

Mortgage Company Number of Loans 87 28 27 19 13 4 4 4 3 3

Credit Union Loan Volume

Residential Refinance Loans Wells Fargo Bank NA Webster Bank Bank of America NA JP Morgan Chase Bank Peoples United Bank Citicorp Mortgage Inc. First Niagara Bank United Bank Liberty Bank TD Bank NA

Credit Union

Credit Union Number of Loans

Bank Loan Volume Wells Fargo Bank NA Bank of America NA Webster Bank Savings Bank of Danbury Peoples United Bank United Bank Newtown Savings Bank JP Morgan Chase Bank Citicorp Mortgage Inc. Liberty Bank

Bank

Parkside Lending LLC 25 Members Mortgage Co. Inc. 28 IServe Residential Lending 29 Atlantic Home Loans Inc. 32 Homebridge Financial Services Inc. 35 Freedom Mortgage Corp. 40 Caliber Home Loans 44 McCue Mortgage Co. 49 Plaza Home Mortgage Inc. 54 Franklin American Mortgage 55 Mortgage Company Loan Volume

$14,762,700 $4,353,565 $3,240,925 $3,009,291 $1,755,000 $1,030,150 $946,300 $769,370 $695,000 $536,000

Bank

William Raveis Mortgage Co. LoanDepot.Com LLC Total Mortgage Services CTHM LLC Quicken Loan Inc. Prime Lending Inc. Village Mortgage Co. Guaranteed Rate Inc. PHH Home Loans LLC Norcom Mortgage

Credit Union

$33,771,086 $31,377,219 $24,509,102 $19,318,655 $19,003,744 $17,590,628 $16,200,426 $15,387,669 $14,160,919 $13,876,319

Mortgage Co.

Credit Union Number of Loans

Mortgage Company Number of Loans

American Eagle Financial CU 1,766 Charter Oak Federal CU 1,032 CT State Employees Federal CU 584 Sikorsky Financial CU Inc. 472 Connex CU 270 Navy Federal CU 256 Achieve Financial CU 183 Waterbury Teachers Federal CU 173 Nutmeg State Federal CU 172 Dutch Point CU 161

Quicken Loan Inc. LoanDepot.Com LLC Nationstar Mortgage Freedom Mortgage Corp. Total Mortgage Services Ditech Financial LLC Guaranteed Rate Inc. United Shore Financial Services LLC Provident Funding Associates Village Mortgage Co.

Credit Union Loan Volume

Mortgage Company Loan Volume

American Eagle Financial CU $179,910,385 Charter Oak Federal CU $130,259,852 Sikorsky Financial CU Inc. $71,349,741 CT State Employees Federal CU $67,838,733 Navy Federal CU $49,755,865 Bethpage Federal CU $33,274,900 Mutual Security CU $23,628,098 Connex CU $19,246,418 Nutmeg State Federal CU $17,683,224 Seasons Federal CU $14,743,577

Quicken Loan Inc. $738,283,126 LoanDepot.Com LLC $478,035,962 Morgan Stanley $219,422,871 Total Mortgage Services $148,427,292 Guaranteed Rate Inc. $143,327,903 Nationstar Mortgage $135,716,884 United Shore Financial Services $131,059,457 William Raveis Mortgage Co. $124,447,042 Freedom Mortgage Corp $121,881,174 Provident Funding Assoc. $109,530,150

20 | THE COMMERCIAL RECORD | APRIL 2017

3,211 1,468 688 595 511 491 474 463 435 366

Commercial Purchase Mortgages

Bank

Credit Union

Bank Number of Loans Webster Bank Peoples United Bank Thomaston Savings Bank Wells Fargo Bank NA Savings Bank of Danbury Fairfield County Bank Corp. Farmington Bank TD Bank NA United Bank Newtown Savings Bank

Mortgage Company Number of Loans 70 36 29 27 24 23 22 22 21 20

Bank Loan Volume Capital One Multifamily Finance $66,047,000 Wells Fargo Bank NA $59,558,363 Farmington Bank $36,700,060 Webster Bank $28,979,341 Fairfield County Bank Corp. $26,769,500 Peoples United Bank $24,199,366 United Bank $18,412,140 Bank of America NA $18,163,950 Dime Bank $13,951,320 Ion Bank $11,490,425

Is your institution a top lender for 2017? The Warren Groupâ&#x20AC;&#x2122;s Mortgage Marketshare Module can tell you. Call or email today for more information! 617-896-5365 or datasolutions@ thewarrengroup.com.

Multifamily Purchase Mortgages Bank Number of Loans Webster Bank Wells Fargo Bank NA Farmington Bank Peoples United Bank United Bank First Niagara Bank Citicorp Mortgage Inc. ENG Lending Liberty Bank MB Financial Bank NA

Bank

55 51 44 43 43 38 21 21 18 17

$14,588,033 $11,122,616 $9,858,500 $9,358,219 $8,602,691 $8,104,918 $7,277,995 $6,504,707 $4,121,531 $4,007,888

TBI Mortgage Co. Sachem Capital Partners LLC Norcom Mortgage Guaranteed Rate Inc. CBRE Capital Marktes Inc. Total Mortgage Services First World Mortgage Village Mortgage Co. Residential Mortgage Services Inc. United Shore Financial Services LLC

Charter Oak Federal CU American Eagle Financial CU Navy Federal CU Suma Yonkers Federal CU Tri Town Teachers Federal CU CU Members Mortgage Freedom CU Corporate America Family CU FDC Federal CU Mutual Security CU

9 8 8 7 6 6 6 6 5 5

Mortgage Company Loan Volume CBRE Capital Markets Inc. $7,702,000 Ford Motor Credit $7,600,000 Greystone Servicing Corp. $4,548,800 TBI Mortgage Co. $4,437,017 Arbor Commercial Mortgage $3,995,000 Farm Credit East ACA $2,080,000 Guaranteed Rate Inc. $2,057,290 Sachem Capital Partners LLC $1,986,500 Newtek Small Business Finance Inc. $1,870,000 Total Mortgage Services $1,576,995

Credit Union

Mortgage Co.

Mortgage Company Number of Loans

Credit Union by Number of Loans

Bank Loan Volume Wells Fargo Bank NA Webster Bank First County Bank Peoples United Bank United Bank First Niagara Bank Farmington Bank Citicorp Mortgage Inc. ENG Lending MB Financial Bank NA

Mortgage Co.

11 5 4 2 1 1 1 1 1 1

First World Mortgage Guaranteed Rate Inc. Total Mortgage Services Residential Mortgage Services Inc. Norcom Mortgage LoanDepot.Com LLC Village Mortgage Co. Plaza Home Mortgage Inc. Homestead Funding Corp. Homebridge Financial Services Inc.

87 60 55 55 51 47 45 45 35 33

Credit Union Loan Volume

Mortgage Company Loan Volume

Charter Oak Federal CU $1,689,754 Navy Federal CU $1,112,192 American Eagle Financial CU $1,101,100 Tri Town Teachers Federal CU $714,000 Suma Yonkers Federal CU $292,000 CU Members Mortgage $196,377 Freedom CU $182,250 Corporate America Family CU $161,000 FDC Federal CU $135,000 Mutual Security CU $127,400

Colony American Finance Lender $30,000,000 First World Mortgage $15,259,705 Homestead Funding Corp. $12,821,360 Guaranteed Rate Inc. $12,500,064 Total Mortgage Services $12,331,531 Residential Mortgage Services. $9,734,264 LoanDepot.Com LLC $9,727,748 Norcom Mortgage $9,555,292 Village Mortgage Co. $9,266,180 Plaza Home Mortgage Inc. $8,489,877

APRIL 2017 | THE COMMERCIAL RECORD | 21

TOP COMMERCIAL TRANSACTIONS Visit www.commercialrecord.com for a complete list of commercial transactions updated weekly. TOP 3 STATEWIDE 170 Highland Park Dr, Bloomfield......... $24,400,000

42 Litton Ave, Groton............................ $11,825,000

111 High Ridge Rd, Stamford............... $10,250,000

Use:.............................................. Industrial Building

Use:................................Apartment Bldg - 9 + Units

Use:..........................................Commercial Building

Buyer: .................................... We 170 Highland LLC

Buyer: ....................................Litton Apartments LLC

Buyer: .......................................A&F High Ridge LLC

Seller: ............................................Nip Owner 2 LLC

Seller: .........................................................GTA LLC

Seller:..................................... High Ridge Plaza LLC

Mtg: .........................Wells Fargo Bank $90,500,000

Date: ......................................................... 02/08/17

Mtg: ..............................Sterling Natl Bk $7,000,000

Date: ......................................................... 01/25/17

Total Assessed Value (2016): ..................$2,546,040

Date: ......................................................... 03/09/17

Total Assessed Value (2016):................ $13,748,350

Lot Size: .................................................... 253519sf

Total Assessed Value (2016):.................. $5,069,600 Lot Size:...................................................... 46357sf

Lot Size: .................................................. 1647439sf Prior Sale:................................ $22,128,920 (01/12)

FAIRFIELD 111 High Ridge Rd, Stamford........$10,250,000 Use:............................................. Commercial Building Buyer:.......................................... A&F High Ridge LLC Seller:........................................ High Ridge Plaza LLC Mtg:..................................Sterling Natl Bk $7,000,000 Date: ............................................................ 03/09/17 Total Assessed Value (2016): .....................$5,069,600 Lot Size: ......................................................... 46357sf

62 Mason St, Greenwich................. $2,800,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer:................................................... Battle Hill Corp Seller: .............................................NPK Building Corp Mtg: .........................Darien Rowayton BK $1,960,000 Date: ............................................................ 01/30/17 Total Assessed Value (2016):..................... $1,563,030 Lot Size: ......................................................... 10454sf Prior Sale:........................................ $805,000 (12/97)

21 Commerce Dr, Danbury.............. $2,600,000 Use:..................................................Industrial Building Buyer: ...........................................FBG Properties LLC Seller:................................... 21 Commerce Drive LLC Mtg: .................... Newtown Savings Bank $2,080,000 Date:............................................................ 01/30/17 Total Assessed Value (2016): .....................$1,397,000 Lot Size:......................................................... 82764sf Prior Sale: .....................................$2,650,000 (06/15)

333 E River Dr, East Hartford......... $9,836,000 Use:............................................. Commercial Building Buyer: .......................................333 East River Dr Hlds Seller: ...................................Commerce Center 1 LLC Date: ............................................................ 02/08/17 Total Assessed Value (2016): .....................$6,370,000 Lot Size: ....................................................... 252648sf

315 Ella Grasso Tpke, Windsor Locks... $4,375,000 Use:..................................................Industrial Building Buyer: ................................. 315-319 Ella Grasso Tpke Seller:................................................ Crown Park LLC Mtg: .......................Guilford Savings Bank $3,500,000 Date:............................................................ 02/27/17 Total Assessed Value (2016): ........................$796,100 Lot Size: ....................................................... 117176sf

91 Torringford St, Winchester.......... $580,000 Use:............................................... Apartment Building Buyer: ......................................... Cage Properties LLC Seller:........................................... Kim Opperman LLC Date:............................................................ 03/01/17 Total Assessed Value (2016):........................ $330,680 Lot Size: ......................................................... 43560sf Prior Sale: ........................................$600,000 (04/07)

196 New Hartford Rd, Winchester... $475,000 Use:............................................ Land-Vacant & Open Buyer:........................................ Hendels Winsted LLC Seller: ..........................................Dolinsky Realty Corp Date: ............................................................ 03/03/17 Total Assessed Value (2016):.......................... $53,830 Lot Size: ......................................................... 93654sf

218 E Main St, Clinton.................... $6,272,727 Use:............................................. Commercial Building Buyer:................................... Dark Horse Realty 2 LLC Seller: ....................................... WHS SPE Clinton LLC Date: ............................................................ 02/21/17 Total Assessed Value (2016):......................$2,504,300 Lot Size:......................................................... 93218sf Prior Sale: .....................................$1,375,000 (05/12)

56 Bradley St, Middletown............... $750,000 Use:............................................. Commercial Building Buyer:............................................ Amdo Bradley LLC Seller...........................................: Frisko Holdings LLC Date: ............................................................ 02/10/17 Total Assessed Value (2016): ........................$554,480 Lot Size: ....................................................... 125888sf Prior Sale:........................................ $750,000 (10/16)

HARTFORD 170 Highland Park Dr, Bloomfield..$24,400,000 Use:..................................................Industrial Building Buyer:........................................ We 170 Highland LLC Seller:............................................... Nip Owner 2 LLC Mtg: ............................Wells Fargo Bank $90,500,000 Date: ............................................................ 01/25/17 Total Assessed Value (2016): ...................$13,748,350 Lot Size: ..................................................... 1647439sf Prior Sale: ...................................$22,128,920 (01/12)

LITCHFIELD 130 Wykeham Rd, Washington....... $1,400,000 Use:............................................ Land-Vacant & Open Buyer: ........................................... Douglas A Hamilton Seller: ............. Mara Kearney & Ann E Kearney-Dutton Date:............................................................ 01/27/17 Total Assessed Value (2016): ............................$2,240 Lot Size: ......................................................... 13939sf

MIDDLESEX 305 S Main St, Middletown............. $7,000,000 Use:............................................... Apartment Building Buyer: ..............................................Center Realty LLC Seller: ...................................Hamilton Point Wilcox Inv Mtg: ...................... Berkeley Pnt Cap LLC $5,600,000 Date:............................................................ 02/16/17 Total Assessed Value (2016):..................... $3,675,000 Lot Size: ....................................................... 128938sf Prior Sale: .....................................$5,100,000 (12/12)

22 | THE COMMERCIAL RECORD | APRIL 2017

FEATURED PROPERTY 305 S Main St, Middletown........................................................... $7,000,000 Use:.......................................................................................... Apartment Building Buyer: .........................................................................................Center Realty LLC Seller: ..............................................................................Hamilton Point Wilcox Inv Mtg: ..................................................................Berkeley Pnt Cap LLC $5,600,000 Date:........................................................................................................ 02/16/17 Total Assessed Value (2016):................................................................ $3,675,000 Lot Size: .................................................................................................. 128938sf Prior Sale: ................................................................................ $5,100,000 (12/12)

NEW HAVEN 167 Broad St, Meriden.................. $9,344,000* Use:............................................. Commercial Building Buyer: ..........................................Cavallo Meriden LLC Seller:.............................................. KM Broad St LLC Date: ............................................................ 02/22/17 Total Assessed Value (2016): ........................$350,840 Lot Size: ......................................................... 21919sf Prior Sale:........................................ $802,500 (02/16)

143 Broad St, Meriden.................. $9,344,000* Use:...................................... Commercial Vacant Land Buyer:.......................................... Cavallo Meriden LLC Seller:.............................................. KM Broad St LLC Date:............................................................ 02/22/17 Total Assessed Value (2016):.......................... $55,020 Lot Size: ......................................................... 39840sf Prior Sale: ........................................$302,550 (02/16)

153 Broad St, Meriden.................. $9,344,000* Use:............................................. Commercial Building Buyer: ..........................................Cavallo Meriden LLC Seller: .............................................. KM Broad St LLC Date: ............................................................ 02/22/17 Total Assessed Value (2016): ........................$132,090 Lot Size: ........................................................... 8851sf Prior Sale:........................................ $252,500 (02/16)

260 Raymond Hill Rd, Montville....... $405,000 Use:............................................. Commercial Building Buyer: ................................................ C37 Capital LLC Seller.: Elbridge W Luther Tr, Tr for Elbridge W Luther T Mtg:............................. Elbridge W Luther T $305,000 Date: ............................................................ 02/13/17 Total Assessed Value (2016): ........................$285,890 Lot Size: ....................................................... 251341sf

226 E Main St, Griswold.................. $265,000 Use:................................ County/Municipality Property Buyer: ................................. United Community&Family Seller: .............................................. Griswold Town Of Date: ............................................................ 02/23/17 Total Assessed Value (2016): ..........................$41,790 Lot Size:....................................................... 100188sf Prior Sale: ........................................$104,861 (03/09)

30 Village St, Ellington..................... $183,000 Use:...................................... Commercial Vacant Land Buyer:............................................... Kaz Trucking LLC Seller: .................................. C Fluckiger-Gunnoud Ex, Ex for Fluckiger Leigh J Est Mtg: ...................................Savings Institute $119,000 Date: ............................................................ 03/07/17 Total Assessed Value (2016): ............................$9,720 Lot Size: ......................................................... 77537sf

12 Shenipsit Lake Rd, Tolland.......... $20,000 Use:..................................................Industrial Building Buyer:................................................. Ronald J Bahler Seller: .....................................................Vern K Bahler Date: ............................................................ 02/14/17 Total Assessed Value (2016): ........................$164,400 Lot Size: ....................................................... 145926sf

88 Main St, Putnam......................... $445,738 Use:............................................. Commercial Building Buyer: ..................................... 1st Alliance Community Seller: ..............................................Quiet Corner Prop Mtg: ....................... Connecticut State Of $6,000,000 Date:............................................................ 01/19/17 Total Assessed Value (2016):........................ $183,200 Lot Size:........................................................... 3485sf Prior Sale: ........................................$525,000 (10/09)

91 Lake Dr, Eastford........................ $377,500 Use:......................................................... Open Space Buyer: ................Hyon Wysowski & Kenneth Wysowski Seller:................................................... Leslie A Winter Date: ............................................................ 02/21/17 Total Assessed Value (2016): ...............................$270 Lot Size: ......................................................... 87120sf Prior Sale: ........................................$100,000 (11/06)

NEW LONDON 42 Litton Ave, Groton.....................$11,825,000 Use:................................... Apartment Bldg - 9 + Units Buyer: .......................................Litton Apartments LLC Seller: ............................................................GTA LLC Date: ............................................................ 02/08/17 Total Assessed Value (2016): .....................$2,546,040 Lot Size:....................................................... 253519sf

TOLLAND 27 Hartford Tpke, Vernon............... $1,600,000 Use:................................................... Commercial Use Buyer: ........................................Sachdev Corners LLC Seller:.................................... Marco Enterprises Mgmt Mtg:................................... Windsor FSLA $1,200,000 Date:............................................................ 02/24/17 Total Assessed Value (2016): .....................$1,085,000 Lot Size: ....................................................... 117612sf Prior Sale: .....................................$1,150,000 (07/99)

WINDHAM 978 Route 169, Woodstock.............. $850,000 Use:...................................Mixed Use-Agricult & Resid Buyer: .......................... Jason B Woz & Michele L Woz Seller:.................................................. Reva B Seybolt Mtg:............................. Jewett City Svgs Bk $680,000 Date: ............................................................ 01/30/17 Total Assessed Value (2016): ........................$222,860 Lot Size: ..................................................... 4385621sf

*Group sales.

APRIL 2017 | THE COMMERCIAL RECORD | 23

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BETHEL 1 Family

1 3

-46.15%

-40.00%

$295,000

$300,000

1.69%

$295,000

$300,000

1.69%

Condo

300.00%

240.00%

$173,000

$333,217

92.61%

$173,000

$305,000

76.30%

1 7

29.41%

15.79%

$285,000

$322,500

13.16%

$290,000

$305,000

5.17%

All Sales

BRIDGEPORT 1 Family

3 5

17.14%

44.26%

$145,000

$150,000

3.45%

$150,000

$157,000

4.67%

Condo

1 3

61.54%

64.00%

$49,900

$65,000

30.26%

$54,000

$65,000

20.37%

101

32.89%

150

210

40.00%

$139,750

$138,000

-1.25%

$122,500

$140,500

14.69%

All Sales

7 6

BROOKFIELD 1 Family

240.00%

38.89%

$240,000

$360,000

50.00%

$297,000

$370,000

24.58%

Condo

0.00%

40.00%

$151,200

$227,950

50.76%

$137,000

$200,000

45.99%

1 0

160.00%

55.17%

$202,000

$327,450

62.10%

$247,500

$325,000

31.31%

1 Family

3 3

-39.39%

-6.90%

$240,000

$287,450

19.77%

$257,750

$283,450

9.97%

Condo

2 1

23.81%

37.50%

$153,500

$175,548

14.36%

$155,750

$187,500

20.39%

7 1

-16.90%

129

138

6.98%

$240,000

$245,000

2.08%

$250,000

$235,000

-6.00%

1 Family

1 1

9.09%

-23.53%

$1,230,000

0.00% $1,202,500

$1,252,500

4.16%

Condo

-75.00%

-83.33%

$2,021,508

1 5

6.67%

-28.89%

$1,255,000

$1,230,000

1 Family

-37.50%

-8.33%

$588,000

$580,000

Condo

-37.50%

-15.38%

$588,000

$580,000

All Sales

DANBURY

All Sales

DARIEN

All Sales

N/A -100.00% $1,724,324 -1.99% $1,350,000

N/A - 100.00% $1,255,000

-7.04%

EASTON

All Sales

N/A

-1.36% N/A

$588,000 N/A

$474,500 -19.30% N/A

N/A

-1.36%

$576,000

$474,500 -17.62%

FAIRFIELD 1 Family

2 5

40.00%

71.11%

$522,000

$500,000

-4.21%

$535,000

$585,000

9.35%

Condo

40.00%

18.18%

$328,000

$372,500

13.57%

$299,000

$345,000

15.38%

3 6

38.89%

108

54.29%

$484,000

$475,000

-1.86%

$523,500

$552,500

5.54%

26.70% $1,187,500

All Sales

GREENWICH 1 Family

2 0

0.00%

15.00%

$1,142,500

$1,447,500

$1,430,000

20.42%

Condo

-55.56%

-11.11%

$490,000

$505,000

3.06%

$627,000

$750,250

19.66%

3 6

-5.56%

12.86%

$941,000

$1,101,250

17.03%

$987,500

$1,210,000

22.53%

1 Family

140.00%

50.00%

$395,000

$382,000

-3.29%

$329,500

$354,500

7.59%

Condo

0.00%

20.00%

1 2

50.00%

39.29%

$317,500

$370,000

All Sales

MONROE

All Sales

N/A

N/A $260,000 16.54%

$172,500 -33.65%

$297,450

$275,000

-7.55%

-11.77% $1,500,000

$1,445,000

-3.67%

NEW CANAAN 1 Family

1 2

33.33%

14.81%

$1,550,000

$1,367,500

Condo

-16.67%

-27.27%

$842,500

$300,000

-64.39%

2 3

-8.70%

-15.22%

$1,125,000

$935,000

-16.89% $1,233,500

$293,500

$319,250

All Sales

$805,000

$329,250 -59.10% $1,200,000

-2.72%

$323,000

-1.00%

NEW FAIRFIELD 1 Family

1 4

-42.86%

-30.77%

Condo

0 -100.00%

-100.00%

All Sales

1 7

N/A

8.77% N/A

$326,250 N/A

N/A

-35.29%

-31.25%

$285,000

$302,500

6.14%

$307,500

$306,250

-0.41%

-16.67%

-13.33%

$332,250

$268,000

-19.34%

$347,000

$295,000 -14.99%

0 -100.00%

-50.00%

-1.89%

NEWTOWN 1 Family

1 8

Condo

All Sales

2 3

-17.39%

24 | THE COMMERCIAL RECORD | APRIL 2017

N/A $339,500

N/A $268,000

N/A -21.06%

N/A $347,000

N/A

$307,500 -11.38%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com â&#x20AC;¢ subscribers only

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORWALK 1 Family

2 9

-6.90%

12.68%

$376,500

$370,000

-1.73%

$390,000

$400,000

Condo

2 4

-12.50%

13.16%

$226,500

$259,000

14.35%

$285,000

$238,800 -16.21%

7 5

-28.00%

143

149

4.20%

$350,000

$320,000

-8.57%

$360,000

$350,000

-2.78%

1 Family

50.00%

110.00%

$495,000

$465,000

-6.06%

$487,500

$450,000

-7.69%

Condo

-100.00%

42.86%

64.29%

$520,000

$432,500

-16.83%

$487,500

$400,000 -17.95%

$577,500

0.43%

$572,500

$606,000

5.85%

N/A -100.00%

$265,000

$285,221

7.63%

13.53%

$535,000

$585,000

9.35%

All Sales

2.56%

REDDING

All Sales

N/A

RIDGEFIELD 1 Family

1 9

0.00%

8.57%

$575,000

Condo

-87.50%

-55.56%

$242,500

2 9

-17.24%

2.17%

$470,800

$534,500

1 Family

1 8

61.11%

36.36%

$297,500

$309,900

4.17%

$298,000

$310,000

4.03%

Condo

-55.56%

-13.33%

$225,000

$222,000

-1.33%

$210,000

$315,000

50.00%

3 2

18.75%

31.48%

$297,500

$280,450

-5.73%

$280,500

$310,000

10.52%

-25.00%

-14.29%

$465,500

$410,000

-11.92%

$435,000

$417,500

-4.02%

All Sales

SHELTON

All Sales

SHERMAN 1 Family

Condo

-25.00%

0.00%

$465,500

$410,000

-11.92%

$395,500

$374,100

All Sales

N/A

N/A -5.41%

STAMFORD 1 Family

4 7

-55.32%

-34.41%

$605,000

$517,500

-14.46%

$575,743

$517,000 -10.20%

Condo

3 4

-23.53%

-10.29%

$335,000

$225,000

-32.84%

$300,001

$260,000 -13.33%

-35.35%

204

159

-22.06%

$470,000

$420,000

-10.64%

$435,700

$425,000

-2.46%

All Sales

9 9

STRATFORD 1 Family

3 7

-21.62%

-1.33%

$206,900

$250,000

20.83%

$200,000

$236,340

18.17%

Condo

37.50%

-5.56%

$150,000

$210,000

40.00%

$168,500

$210,000

24.63%

5 3

-5.66%

114

110

-3.51%

$205,000

$245,090

19.56%

$199,950

$240,090

20.08%

$352,800

$372,000

5.44%

$370,000

$355,000

-4.05%

All Sales

TRUMBULL 1 Family

2 1

9.52%

-7.84%

Condo

0.00%

66.67%

2 3

8.70%

0.00%

$345,000

$370,000

7.25%

$360,000

$342,061

-4.98%

1 Family

-12.50%

18.18%

$575,450

$620,000

7.74%

$586,000

$620,000

5.80%

Condo

0.00%

33.33%

$575,450

$632,500

-24.00%

-16.33%

$1,237,500

$1,675,000

0.00%

All Sales

N/A

N/A $345,000

$200,000 -42.03%

WESTON

All Sales

N/A

N/A 9.91%

N/A

$575,450

$616,650

7.16%

35.35% $1,237,500

$1,515,000

22.42%

WESTPORT 1 Family

2 5

Condo

3 0

-20.00%

-14.06%

$1,422,500

$1,546,200

1 Family

100.00%

166.67%

$550,000

$917,500

Condo

100.00%

-33.33%

133.33%

100.00%

$515,000

$917,500

All Sales

N/A

N/A $742,500 8.70% $1,216,250

$454,500 -38.79% $1,155,375

-5.01%

$774,500

-6.57%

WILTON

All Sales

N/A

66.82%

$829,000

N/A $400,000

N/A - 100.00%

78.16%

$763,000

$789,500

3.47%

FAIRFIELD COUNTY 1 Family

4 18

404

-3.35%

851

904

6.23%

$395,000

$410,000

3.80%

$399,900

$411,000

2.78%

Condo

1 56

150

-3.85%

291

316

8.59%

$264,000

$225,000

-14.77%

$247,000

$228,475

-7.50%

696

-1.97% 1,431

1,540

7.62%

$350,000

$340,000

-2.86%

$350,000

$340,000

-2.86%

All Sales

7 10

APRIL 2017 | THE COMMERCIAL RECORD | 25

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES

MEDIAN PRICE

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 YTD

%CHG 16-17

1 1 2 1 4

8 3 15

-27.27% 50.00% 7.14%

21 8 30

26 7 38

23.81% -12.50% 26.67%

1 1 3 1 6

7 2 13

-36.36% -33.33% -18.75%

17 4 23

17 6 33

2 3 2 3 0

13 4 18

-43.48% 100.00% -40.00%

34 6 46

3 0 9 4 8

35 6 46

16.67% -33.33% -4.17%

3 1 5

4 33.33% 0 -100.00% 5 0.00%

4 0 5

4 2 6

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

AVON 1 Family Condo All Sales

$402,000 N/A $371,000

$453,000 $178,000 $266,000

12.69% $380,000 N/A $206,250 -28.30% $305,000

$403,725 6.24% $178,000 -13.70% $290,500 -4.75%

0.00% 50.00% 43.48%

$199,900 $200,000 $199,950

$202,000 1.05% N/A -100.00% $202,000 1.03%

34 6 45

0.00% 0.00% -2.17%

$137,041 N/A $145,000

$185,000 $218,500 $187,450

53 11 85

84 10 108

58.49% -9.09% 27.06%

$171,500 $112,000 $159,950

$161,000 $95,000 $154,950

5 1 8

16 0 21

220.00% -100.00% 162.50%

$247,000 N/A $247,000

$270,725 9.61% $250,000 N/A N/A N/A $327,450 32.57% $248,500

$277,000 10.80% N/A N/A $336,000 35.21%

0.00% N/A 20.00%

9 2 13

17 6 26

88.89% 200.00% 100.00%

$290,848 N/A $264,195

$337,200 15.94% $269,000 N/A N/A N/A $302,500 14.50% $264,195

$360,000 $146,500 $311,000

33.83% N/A 17.72%

3 3 7

50.00% N/A 133.33%

5 1 8

7 6 15

40.00% 500.00% 87.50%

N/A N/A $144,000

$270,000 $319,000 $270,000

$270,000 $136,832 $240,000

-8.47% N/A 2.59%

31 3 47

6.90% 0.00% 14.63%

58 6 84

64 35 124

10.34% 483.33% 47.62%

$135,000 $186,000 $120,000

$120,000 $83,300 $118,500

2 1 5

10 2 16

400.00% 100.00% 220.00%

6 1 12

19 5 35

216.67% 400.00% 191.67%

2 9 6 3 9

27 4 35

-6.90% -33.33% -10.26%

51 12 74

67 13 93

31.37% 8.33% 25.68%

9 9 19

-50.00% 12.50% -29.63%

36 22 60

24 18 47

2 5 7 3 6

16 4 25

-36.00% -42.86% -30.56%

42 17 66

8 0 1 3

8 1 12

BERLIN 1 Family Condo All Sales

$215,000 $202,500 $210,000

$225,000 $214,800 $205,000

4.65% 6.07% -2.38%

35.00% $140,521 N/A $112,500 29.28% $145,000

$154,500 $182,500 $180,000

9.95% 62.22% 24.14%

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

-6.12% -15.18% -3.13%

$165,000 $112,000 $147,000

$170,000 3.03% $86,000 -23.21% $160,500 9.18%

BURLINGTON 1 Family Condo All Sales

CANTON 1 Family Condo All Sales

EAST GRANBY 1 Family Condo All Sales

2 0 3

N/A $295,000 N/A N/A 87.50% $233,950

EAST HARTFORD 1 Family Condo All Sales

2 9 3 4 1

-11.11% -55.22% -1.25%

$140,825 $157,301 $137,000

$121,000 -14.08% $62,500 -60.27% $103,750 -24.27%

EAST WINDSOR 1 Family Condo All Sales

N/A N/A $47,000

$173,000 N/A $145,000 N/A N/A N/A $150,000 219.15% $94,500

$169,000 $130,000 $152,900

16.55% N/A 61.80%

$159,900 $125,000 $155,000

$169,900 $139,935 $169,900

6.25% 11.95% 9.61%

$159,900 $119,000 $148,950

$166,000 $136,000 $168,500

3.81% 14.29% 13.13%

-33.33% -18.18% -21.67%

$380,250 $180,450 $330,000

$347,000 $178,000 $229,450

-8.74% -1.36% -30.47%

$308,250 $175,000 $251,000

$333,500 $166,950 $260,000

8.19% -4.60% 3.59%

47 10 70

11.90% -41.18% 6.06%

$335,000 $192,000 $276,000

$281,500 $146,500 $240,000

-15.97% -23.70% -13.04%

$326,000 $192,000 $275,000

$275,000 -15.64% $134,500 -29.95% $232,500 -15.45%

14 1 22

16 4 23

14.29% 300.00% 4.55%

$262,000 N/A $251,000

$291,950 11.43% $233,500 N/A N/A N/A $291,950 16.31% $212,950

$223,000 $193,750 $221,000

-4.50% N/A 3.78%

36 18 119

41 19 133

13.89% 5.56% 11.76%

$109,000 $48,750 $109,556

$120,000 $52,000 $136,000

$126,900 $52,820 $126,900

35.22% 71.77% 15.36%

5 0 6

4 0 4

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

1 8 8 2 7

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

0.00% N/A -7.69%

HARTFORD 1 Family Condo All Sales

1 7 1 0 6 2

25 9 71

47.06% -10.00% 14.52%

10.09% 6.67% 24.14%

$93,850 $30,750 $110,000

HARTLAND 1 Family Condo All Sales

3 0 4

0 -100.00% 0 N/A 0 -100.00%

-20.00% N/A -33.33%

26 | THE COMMERCIAL RECORD | APRIL 2017

$290,000 N/A $262,500

N/A -100.00% $286,000 N/A N/A N/A N/A -100.00% $280,000

$283,750 -0.79% N/A N/A $283,750 1.34%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com â&#x20AC;¢ subscribers only

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

53 21 95

76 16 110

43.40% -23.81% 15.79%

$163,000 $116,000 $164,950

$154,700 $74,750 $148,450

8 0 9

18 0 20

125.00% N/A 122.22%

$211,150 N/A $211,150

$270,000 27.87% $291,000 N/A N/A N/A $270,000 27.87% $287,000

$275,000 -5.50% N/A N/A $275,000 -4.18%

MANCHESTER 1 Family Condo All Sales

2 9 1 4 5 6

35 8 54

20.69% -42.86% -3.57%

-5.09% -35.56% -10.00%

$164,000 $117,000 $164,000

$156,000 -4.88% $68,750 -41.24% $150,000 -8.54%

MARLBOROUGH 1 Family Condo All Sales

4 0 4

5 0 7

25.00% N/A 75.00%

NEW BRITAIN 1 Family Condo All Sales

3 7 7 6 4

23 5 47

-37.84% -28.57% -26.56%

57 12 109

41 11 96

-28.07% -8.33% -11.93%

$134,000 $50,000 $131,750

$125,000 $50,000 $125,000

-6.72% 0.00% -5.12%

$134,000 $59,050 $124,900

$127,000 $78,000 $131,450

-5.22% 32.09% 5.24%

18 5 27

100.00% -58.33% -3.57%

27 17 53

38 14 63

40.74% -17.65% 18.87%

$216,000 $165,250 $180,500

$211,500 $118,000 $187,500

-2.08% -28.59% 3.88%

$194,000 $147,000 $178,000

$210,500 8.51% $130,000 -11.56% $188,000 5.62%

10 2 17

150.00% 100.00% 70.00%

8 5 24

22 5 43

175.00% 0.00% 79.17%

$166,000 N/A $162,500

$146,250 -11.90% $197,500 N/A N/A $143,000 $148,000 -8.92% $162,500

$174,450 -11.67% $123,000 -13.99% $195,000 20.00%

6 9 15

-50.00% -25.00% -42.31%

18 18 39

14 21 38

-22.22% 16.67% -2.56%

$243,450 $149,250 $195,500

$188,500 $165,000 $175,500

-22.57% 10.55% -10.23%

$243,450 $139,000 $193,000

$266,450 9.45% $122,000 -12.23% $188,500 -2.33%

16 9 25

23.08% 28.57% 19.05%

24 10 36

37 16 54

54.17% 60.00% 50.00%

$262,500 $132,500 $210,000

$268,500 $150,000 $245,000

2.29% 13.21% 16.67%

$268,750 $136,250 $247,500

$285,000 $150,000 $240,000

6.05% 10.09% -3.03%

8 7 17

-27.27% 133.33% 6.25%

30 9 44

15 12 34

-50.00% 33.33% -22.73%

$253,000 $159,000 $254,000

$277,450 $153,500 $241,500

9.66% -3.46% -4.92%

$251,500 $150,000 $251,500

$274,900 $165,750 $230,950

9.30% 10.50% -8.17%

2 1 6 3 7

21 6 35

0.00% 0.00% -5.41%

42 13 73

41 8 69

-2.38% -38.46% -5.48%

$286,000 $227,500 $275,000

$249,999 $185,000 $225,000

-12.59% -18.68% -18.18%

$253,000 $129,000 $225,000

$250,000 $167,500 $220,000

-1.19% 29.84% -2.22%

4 4 1 2

3 2 13

-25.00% -50.00% 8.33%

10 8 26

5 5 25

-50.00% -37.50% -3.85%

$243,750 $182,500 $182,500

$200,000 -17.95% N/A -100.00% $200,000 9.59%

$211,950 $182,500 $194,000

$249,900 17.91% $140,000 -23.29% $181,000 -6.70%

41 10 59

7.89% 0.00% 0.00%

77 20 111

85 18 120

10.39% -10.00% 8.11%

$323,500 $142,500 $299,900

$327,000 $171,250 $291,000

1.08% 20.18% -2.97%

$312,000 $132,250 $287,000

$293,500 $175,750 $280,000

-5.93% 32.89% -2.44%

1 7 0 1 8

16 1 18

-5.88% N/A 0.00%

39 1 44

45 4 52

15.38% 300.00% 18.18%

$232,000 N/A $238,500

$233,500 N/A $233,500

0.65% $232,000 N/A N/A -2.10% $230,000

$240,000 $136,000 $240,000

3.45% N/A 4.35%

1 6 4 2 5

22 4 28

37.50% 0.00% 12.00%

38 13 58

47 5 57

23.68% -61.54% -1.72%

$164,200 $175,750 $169,000

$175,250 $153,500 $175,250

$202,000 $210,000 $202,000

17.44% 40.00% 17.44%

7 -30.00% 0 -100.00% 10 -28.57%

22 6 34

14 3 21

-36.36% -50.00% -38.24%

$166,500 N/A $174,000

$153,000 N/A $158,500

-8.11% $160,000 N/A $127,950 -8.91% $169,000

$164,500 2.81% $90,000 -29.66% $164,000 -2.96%

-2.05% 845 -10.45% 263 -4.20% 1,411

981 283 1,617

16.09% 7.60% 14.60%

$194,500 $131,500 $178,000

$189,900 $136,450 $176,000

-2.37% 3.76% -1.12%

$199,000 $123,000 $180,000

NEWINGTON 1 Family Condo All Sales

9 1 2 2 8

PLAINVILLE 1 Family Condo All Sales

4 1 1 0

ROCKY HILL 1 Family Condo All Sales

1 2 1 2 2 6

SIMSBURY 1 Family Condo All Sales

1 3 7 2 1

SOUTH WINDSOR 1 Family Condo All Sales

1 1 3 1 6

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

WEST HARTFORD 1 Family Condo All Sales

3 8 1 0 5 9

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

6.73% -12.66% 3.70%

$172,000 $150,000 $172,000

WINDSOR LOCKS 1 Family Condo All Sales

1 0 2 1 4

HARTFORD COUNTY 1 Family Condo All Sales

4 40 1 34 7 38

431 120 707

$197,000 $135,000 $177,000

1.02% -8.89% 1.69%

APRIL 2017 | THE COMMERCIAL RECORD | 27

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES DEC 2016

DEC %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

DEC 2016

DEC %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BARKHAMSTED 1 Family Condo All Sales

1 0 1

2 0 2

100.00% N/A 100.00%

3 0 4

5 0 6

66.67% N/A 50.00%

N/A N/A N/A

N/A $214,150 N/A N/A N/A $237,075

$295,000 37.75% N/A N/A $280,000 18.11%

1 0 1

N/A N/A -50.00%

3 0 5

3 0 3

0.00% N/A -40.00%

N/A N/A N/A

N/A $154,900 N/A N/A N/A $154,900

$157,500 1.68% N/A N/A $157,500 1.68%

0 0 3

0 N/A 0 N/A 0 -100.00%

1 0 4

2 0 2

100.00% N/A -50.00%

N/A N/A $627,000

N/A N/A N/A N/A N/A N/A N/A -100.00% $478,500

N/A N/A N/A N/A N/A - 100.00%

1 0 1

0.00% N/A 0.00%

1 0 1

0.00% N/A 0.00%

N/A N/A N/A

0 0 0

N/A N/A N/A

1 0 1

0.00% N/A 0.00%

N/A N/A N/A

1 0 1

0 -100.00% 0 N/A 3 200.00%

3 0 3

5 0 8

66.67% N/A 166.67%

N/A N/A N/A

N/A N/A $36,250

3 0 3

1 0 3

-66.67% N/A 0.00%

6 0 7

7 0 10

16.67% N/A 42.86%

5 0 7

6 0 6

20.00% N/A -14.29%

9 1 12

11 0 11

3 2 8

0 -100.00% 0 -100.00% 0 -100.00%

4 2 9

1 0 4

BETHLEHEM 1 Family Condo All Sales

0 0 2

BRIDGEWATER 1 Family Condo All Sales

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

0 0 0

CORNWALL 1 Family Condo All Sales

N/A $295,000 N/A N/A N/A $295,000

$220,000 -25.42% N/A N/A $146,500 -50.34%

$235,000 N/A $235,000

N/A -100.00% $223,500 N/A N/A N/A $37,500 -84.04% $212,000

$320,000 43.18% N/A N/A $275,000 29.72%

22.22% -100.00% -8.33%

$250,000 N/A $212,500

$267,500 7.00% $280,000 N/A N/A N/A $267,500 25.88% $267,500

$252,500 -9.82% N/A N/A $252,500 -5.61%

-75.00% -100.00% -55.56%

$455,000 N/A $400,000

N/A -100.00% $415,000 N/A N/A N/A N/A -100.00% $375,000

N/A - 100.00% N/A N/A $258,500 -31.07%

$237,000 -13.03% $257,250 N/A N/A N/A $206,000 -26.10% $242,000

$237,000 -7.87% N/A N/A $195,000 -19.42%

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

KENT 1 Family Condo All Sales

LITCHFIELD 1 Family Condo All Sales

5 0 8

5 0 6

0.00% N/A -25.00%

8 0 13

11 2 17

37.50% N/A 30.77%

$272,500 N/A $278,750

1 0 1

0.00% N/A 0.00%

1 0 1

2 0 2

100.00% N/A 100.00%

N/A N/A N/A

5 1 9

7 0 10

40.00% -100.00% 11.11%

33 9 55

50 7 68

51.52% -22.22% 23.64%

3 0 4

1 0 2

MORRIS 1 Family Condo All Sales

N/A N/A N/A

NEW HARTFORD 1 Family Condo All Sales

2 1 4

2 0.00% 0 -100.00% 4 0.00%

N/A N/A $83,450

N/A N/A $206,000 N/A N/A N/A $266,750 219.65% $206,000

$255,500 24.03% N/A N/A $246,250 19.54%

$268,000 $79,000 $265,000

$268,250 7.30% $79,000 -46.80% $257,500 22.62%

NEW MILFORD 1 Family Condo All Sales

1 6 6 3 0

20 5 31

25.00% -16.67% 3.33%

$253,250 $59,500 $207,500

5.82% 32.77% 27.71%

$250,000 $148,500 $210,000

NORFOLK 1 Family Condo All Sales

1 0 1

0 -100.00% 0 N/A 0 -100.00%

-66.67% N/A -50.00%

28 | THE COMMERCIAL RECORD | APRIL 2017

N/A N/A N/A

N/A $200,000 N/A N/A N/A $198,250

N/A - 100.00% N/A N/A N/A - 100.00%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORTH CANAAN 1 Family

0 -100.00%

Condo

-75.00%

283.33%

N/A

-66.67%

N/A

All Sales

N/A

0 -100.00%

-50.00% N/A

$149,000

N/A -100.00%

N/A $142,000

N/A

N/A -100.00%

$154,500 N/A

N/A -100.00% N/A

N/A

$155,000

N/A -100.00%

N/A $170,450

$152,500 -10.53%

PLYMOUTH 1 Family

Condo

260.00%

107.69%

1 Family

0.00%

33.33%

Condo

-66.67%

-42.86%

200.00%

All Sales

600.00% N/A

$154,000

$148,700 N/A $148,700

N/A $140,000 -3.44%

$157,500

N/A -100.00% $152,500

-3.17%

ROXBURY

All Sales

N/A

N/A $ 2,400,000

N/A

$2,400,000

N/A -100.00%

N/A $900,000

$575,500 -76.02% N/A

N/A

$575,500 -36.06%

SALISBURY 1 Family

Condo

300.00%

350.00%

1 Family

33.33%

-20.00%

Condo

75.00%

50.00%

$290,000

$320,000

10.34%

$290,000

$320,000

-50.00%

0.00%

$225,000

$217,500

-3.33%

$205,000

$134,000 -34.63%

All Sales

N/A

N/A N/A N/A

$167,299 N/A $187,650

N/A

$259,000 N/A

N/A N/A

$310,000

N/A

$360,000

18.03%

SHARON

All Sales

N/A

$305,000

$360,000

N/A

18.03% N/A

$305,000 N/A

N/A

N/A 10.34%

THOMASTON 1 Family

Condo

14.29%

62.50%

$205,000

$104,950

All Sales

N/A

-48.80%

$180,000

$109,900 -38.94% $119,900

TORRINGTON 1 Family

2 5

-20.00%

15.38%

$125,000

$120,200

-3.84%

$125,000

Condo

0.00%

$75,000

$65,000

-13.33%

$86,000

4 0

-32.50%

9.09%

$101,500

$90,500

-10.84%

$107,500

1 Family

0.00%

100.00%

Condo

100.00%

25.00%

33.33%

71.43%

All Sales

-4.08%

$71,000 -17.44% $104,500

-2.79%

WARREN

All Sales

N/A

N/A $227,500

$418,305 N/A

N/A N/A

$450,000

97.80%

$485,000

-3.00%

WASHINGTON 1 Family

Condo

25.00%

75.00%

$242,500

$232,000

-4.33%

$460,000

$417,500

-9.24%

0.00%

-24.00%

$184,350

$277,525

50.54%

$188,700

$232,500

23.21%

-75.00% -18.75%

$180,000

$232,500

29.17%

$182,500

$173,425

-4.97%

$96,500

$114,500

18.65%

$116,500

$125,250

7.51%

All Sales

N/A

$250,000

$273,500

N/A

9.40% N/A

$500,000 N/A

N/A

WATERTOWN 1 Family

1 2

Condo

1 3

15.38%

All Sales

N/A

N/A $170,000

N/A -100.00%

WINCHESTER 1 Family

0.00%

Condo

0 -100.00%

-50.00% 4.00%

$113,000

$123,000

8.85%

$113,000

$125,250

$310,000

$285,000

-8.06%

$310,000

$277,500 -10.48%

All Sales

1 1

18.18%

N/A

N/A 10.84%

WOODBURY 1 Family

-28.57%

-9.09%

Condo

0 -100.00%

66.67%

-40.00%

-5.56%

$296,250

$285,004

All Sales

1 0

N/A

N/A $114,000

$63,335 -44.44%

-3.80%

$269,500

$225,000 -16.51% $215,000

LITCHFIELD COUNTY 1 Family

1 11

114

2.70%

208

259

24.52%

$205,000

$215,000

4.88%

$205,000

Condo

1 5

-20.00%

-11.43%

$97,000

$80,000

-17.53%

$120,000

1 73

164

-5.20%

325

369

13.54%

$170,000

$184,000

8.24%

$170,000

All Sales

4.88%

$77,299 -35.58% $185,000

8.82%

APRIL 2017 | THE COMMERCIAL RECORD | 29

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

11 0 12

4 0 6

-63.64% N/A -50.00%

$268,500 N/A $268,500

N/A -100.00% $262,000 N/A N/A N/A $200,000 -25.51% $243,500

$268,000 2.29% N/A N/A $268,000 10.06%

6 -40.00% 0 -100.00% 11 -15.38%

21 4 32

21 7 37

0.00% 75.00% 15.63%

$225,500 N/A $216,000

$230,000 N/A $219,000

$255,000 $118,000 $215,000

7 8 16

0.00% 166.67% 23.08%

17 10 30

13 23 39

-23.53% 130.00% 30.00%

$255,000 $90,000 $210,000

$267,500 $117,500 $160,750

CHESTER 1 Family Condo All Sales

8 0 8

2 0 3

-75.00% N/A -62.50%

CLINTON 1 Family Condo All Sales

1 0 2 1 3

2.00% $248,000 N/A $79,500 1.39% $225,500

2.82% 48.43% -4.66%

CROMWELL 1 Family Condo All Sales

7 3 1 3

4.90% 30.56% -23.45%

$210,000 $138,000 $188,450

$250,000 19.05% $127,000 -7.97% $154,500 -18.02%

DEEP RIVER 1 Family Condo All Sales

6 0 6

4 1 7

-33.33% N/A 16.67%

12 1 15

6 3 11

-50.00% 200.00% -26.67%

$280,900 N/A $280,900

$181,469 -35.40% $233,750 N/A N/A N/A $182,937 -34.87% $235,000

$187,469 -19.80% $136,000 N/A $182,937 -22.15%

4 0 4

3 1 6

-25.00% N/A 50.00%

10 1 11

9 1 13

-10.00% 0.00% 18.18%

$269,500 N/A $269,500

$435,550 61.61% $194,950 N/A N/A N/A $382,725 42.01% $195,000

$367,000 88.25% N/A N/A $329,900 69.18%

6 -25.00% 0 -100.00% 10 0.00%

11 1 15

17 1 23

54.55% 0.00% 53.33%

$259,500 N/A $260,500

$255,000 -1.73% $228,000 N/A N/A N/A $173,750 -33.30% $228,000

$215,000 -5.70% N/A N/A $195,000 -14.47%

1 2 1 1 7

10 2 16

-16.67% 100.00% -5.88%

20 1 26

24 2 33

20.00% 100.00% 26.92%

$252,500 N/A $260,000

$233,274 -7.61% $271,500 N/A N/A N/A $227,524 -12.49% $271,500

$225,024 -17.12% N/A N/A $220,000 -18.97%

9 0 1 1

7 0 7

-22.22% N/A -36.36%

11 3 19

13 1 19

18.18% -66.67% 0.00%

$290,000 N/A $290,000

$275,000 N/A $275,000

$277,200 -4.41% N/A - 100.00% $260,000 0.00%

8 0 1 0

3 0 4

-62.50% N/A -60.00%

12 0 14

9 0 20

-25.00% N/A 42.86%

$200,500 N/A $206,575

$213,000 6.23% $235,500 N/A N/A N/A $172,750 -16.37% $218,000

$213,000 -9.55% N/A N/A $190,000 -12.84%

8 0 9

100.00% N/A 80.00%

6 0 7

12 0 14

100.00% N/A 100.00%

$227,500 N/A $230,000

$263,500 15.82% $275,000 N/A N/A N/A $260,000 13.04% $320,000

$281,000 2.18% N/A N/A $263,500 -17.66%

4 1 6

8 0 13

100.00% -100.00% 116.67%

$135,200 N/A $123,000

$182,700 -21.84% N/A N/A $159,900 -45.05%

DURHAM 1 Family Condo All Sales

EAST HADDAM 1 Family Condo All Sales

8 1 1 0

EAST HAMPTON 1 Family Condo All Sales

ESSEX 1 Family Condo All Sales

-5.17% $290,000 N/A $215,000 -5.17% $260,000

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

4 0 5

MIDDLEFIELD 1 Family Condo All Sales

1 1 2

4 300.00% 0 -100.00% 6 200.00%

N/A N/A N/A

N/A $233,750 N/A N/A N/A $291,000

MIDDLETOWN 1 Family Condo All Sales

1 6 1 5 3 7

21 6 36

31.25% -60.00% -2.70%

31 21 62

47 19 83

51.61% -9.52% 33.87%

$232,000 $108,000 $130,000

$192,000 $96,500 $146,000

8 1 10

100.00% 0.00% 66.67%

8 3 18

22 2 26

5 1 9

25.00% 0.00% 50.00%

13 1 17

11 3 19

-17.24% -10.65% 12.31%

$195,000 $120,000 $146,000

$182,286 -6.52% $98,900 -17.58% $145,000 -0.68%

175.00% -33.33% 44.44%

$275,000 N/A $275,000

$416,250 51.36% $370,725 N/A N/A $236,000 $416,250 51.36% $236,000

$346,000 -6.67% N/A - 100.00% $346,000 46.61%

-15.38% 200.00% 11.76%

$300,500 N/A $299,200

$204,500 -31.95% $215,000 N/A N/A N/A $204,500 -31.65% $230,000

$204,500 -4.88% $110,000 N/A $204,500 -11.09%

OLD SAYBROOK 1 Family Condo All Sales

4 1 6

PORTLAND 1 Family Condo All Sales

4 1 6

30 | THE COMMERCIAL RECORD | APRIL 2017

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

$340,000 N/A $340,000

$306,000 -10.00% $317,500 N/A N/A N/A $305,500 -10.15% $295,000

$306,000 -3.62% N/A N/A $246,200 -16.54%

$245,000 $120,000 $230,000

$230,000 $112,450 $211,375

$230,047 $116,250 $205,000

WESTBROOK 1 Family Condo All Sales

5 1 7

3 -40.00% 0 -100.00% 4 -42.86%

10 1 13

5 0 9

-50.00% -100.00% -30.77%

197 48 297

221 62 365

12.18% 29.17% 22.90%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 06 2 6 1 55

97 20 154

-8.49% -23.08% -0.65%

-6.12% -6.29% -8.10%

$240,000 $128,950 $225,000

-4.15% -9.85% -8.89%

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APRIL 2017 | THE COMMERCIAL RECORD | 31

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANSONIA 1 Family Condo All Sales

1 6 1 2 3

5 -68.75% 0 -100.00% 8 -65.22%

18 1 30

21 0 27

16.67% -100.00% -10.00%

$141,575 N/A $137,000

$172,500 21.84% $133,500 N/A N/A N/A $153,250 11.86% $132,500

$169,600 27.04% N/A N/A $167,000 26.04%

2 1 3

3 1 5

50.00% 0.00% 66.67%

6 3 10

3 2 6

-50.00% -33.33% -40.00%

N/A N/A $325,000

$220,000 N/A $197,250 N/A N/A $313,700 $248,000 -23.69% $311,200

$220,000 11.53% N/A - 100.00% $234,000 -24.81%

1 0 1

2 0 2

100.00% N/A 100.00%

3 0 3

9 0 9

200.00% N/A 200.00%

13 16 34

-7.14% 33.33% 13.33%

26 23 58

23 30 63

-11.54% 30.43% 8.62%

$318,500 $151,250 $227,000

$320,000 $162,750 $216,000

0.47% 7.60% -4.85%

$354,500 $148,500 $244,125

$320,000 -9.73% $160,250 7.91% $205,000 -16.03%

1 5 6 2 4

19 5 27

26.67% -16.67% 12.50%

30 11 50

31 14 52

3.33% 27.27% 4.00%

$305,000 $165,500 $281,250

$350,000 $150,000 $247,500

14.75% -9.37% -12.00%

$276,250 $180,000 $267,000

$316,500 14.57% $156,000 -13.33% $261,000 -2.25%

6 3 1 3

6 4 15

0.00% 33.33% 15.38%

11 5 29

10 10 26

-9.09% 100.00% -10.34%

$217,500 $212,500 $215,000

$182,300 $117,000 $148,000

-16.18% -44.94% -31.16%

$215,000 $111,000 $200,000

$175,000 -18.60% $117,000 5.41% $131,500 -34.25%

21 2 26

-4.55% -60.00% -16.13%

43 10 61

41 9 59

-4.65% -10.00% -3.28%

$157,500 $96,250 $144,000

$185,000 17.46% N/A -100.00% $198,750 38.02%

$164,000 $95,625 $145,000

$173,000 5.49% $213,000 122.75% $180,000 24.14%

1 3 1 1 7

9 2 12

-30.77% 100.00% -29.41%

33 2 38

24 5 34

-27.27% 150.00% -10.53%

$325,000 N/A $307,500

$307,000 -5.54% $299,900 N/A N/A N/A $268,750 -12.60% $291,500

$364,500 $180,000 $330,000

21.54% N/A 13.21%

2 9 1 1 4 7

23 7 38

-20.69% -36.36% -19.15%

69 16 98

51 17 82

-26.09% 6.25% -16.33%

$157,735 $97,500 $148,000

$199,000 $114,500 $194,500

$205,000 $105,500 $189,500

20.59% 9.61% 19.66%

1 7 2 2 3

22 2 26

29.41% 0.00% 13.04%

31 4 39

37 4 45

19.35% 0.00% 15.38%

$435,000 N/A $405,000

$372,000 -14.48% $405,000 N/A N/A $225,500 $394,500 -2.59% $365,000

$390,000 -3.70% $535,000 137.25% $400,000 9.59%

2 8 1 2 5 3

30 7 51

7.14% -41.67% -3.77%

62 22 105

67 15 111

8.06% -31.82% 5.71%

$126,000 $118,500 $125,000

$154,375 $61,437 $135,000

$145,000 $60,000 $120,000

2 1 6

3 1 9

50.00% 0.00% 50.00%

6 1 11

12 3 23

100.00% 200.00% 109.09%

N/A N/A $363,755

$282,000 N/A $365,000

4 6 1 1 6 2

24 10 41

-47.83% -9.09% -33.87%

78 18 108

64 24 103

-17.95% 33.33% -4.63%

$267,500 $147,500 $245,500

$271,000 $164,250 $224,500

1.31% 11.36% -8.55%

$279,000 $157,750 $270,000

$271,000 $162,500 $247,000

-2.87% 3.01% -8.52%

19 3 31

18.75% 0.00% 19.23%

23 4 39

43 4 63

86.96% 0.00% 61.54%

$159,350 $75,000 $144,000

$160,000 $74,000 $141,000

0.41% -1.33% -2.08%

$140,000 $72,000 $140,000

$159,900 $65,000 $141,000

14.21% -9.72% 0.71%

BEACON FALLS 1 Family Condo All Sales

BETHANY 1 Family Condo All Sales

N/A N/A N/A

N/A $340,000 N/A N/A N/A $340,000

$225,000 -33.82% N/A N/A $225,000 -33.82%

BRANFORD 1 Family Condo All Sales

1 4 1 2 3 0

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

2 2 5 3 1

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

26.16% 17.44% 31.42%

$170,000 $96,250 $158,368

MADISON 1 Family Condo All Sales

MERIDEN 1 Family Condo All Sales

22.52% -48.15% 8.00%

$127,450 $60,550 $120,000

13.77% -0.91% 0.00%

MIDDLEBURY 1 Family Condo All Sales

N/A $425,000 N/A N/A 0.34% $357,510

$287,500 -32.35% $358,000 N/A $355,000 -0.70%

MILFORD 1 Family Condo All Sales

NAUGATUCK 1 Family Condo All Sales

1 6 3 2 6

32 | THE COMMERCIAL RECORD | APRIL 2017

Real estate & credit transactions updated every Thursday

www.commercialrecord.com â&#x20AC;¢ subscribers only

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NEW HAVEN 1 Family Condo All Sales

2 4 1 0 7 3

35 7 72

45.83% -30.00% -1.37%

50 18 134

60 19 142

20.00% 5.56% 5.97%

$126,450 $117,250 $131,000

$148,000 $53,000 $158,500

17.04% -54.80% 20.99%

$133,000 $126,500 $140,000

$143,750 $121,700 $151,500

8.08% -3.79% 8.21%

7 4 14

16.67% 33.33% 40.00%

16 4 21

17 6 26

6.25% 50.00% 23.81%

$290,055 $170,000 $218,750

$250,000 $167,750 $202,700

-13.81% -1.32% -7.34%

$257,250 $160,000 $240,000

$250,000 $167,750 $220,250

-2.82% 4.84% -8.23%

9 3 1 7

15 2 19

66.67% -33.33% 11.76%

22 5 39

29 5 43

31.82% 0.00% 10.26%

$257,500 $145,000 $257,500

$250,000 -2.91% N/A -100.00% $275,000 6.80%

$239,500 $168,000 $235,000

$238,444 -0.44% $359,900 114.23% $306,057 30.24%

8 0 1 0

6 0 8

-25.00% N/A -20.00%

17 0 21

16 1 19

-5.88% N/A -9.52%

$298,500 N/A $335,000

$292,500 -2.01% $340,000 N/A N/A N/A $292,500 -12.69% $400,000

$302,500 -11.03% N/A N/A $300,000 -25.00%

4 1 1 1

4 1 6

0.00% 0.00% -45.45%

11 3 23

14 2 20

27.27% -33.33% -13.04%

$204,750 N/A $310,000

$182,500 -10.87% $233,000 N/A N/A $345,565 $212,000 -31.61% $335,000

$210,500 -9.66% N/A - 100.00% $242,000 -27.76%

4 -20.00% 0 -100.00% 9 -18.18%

11 5 17

7 5 21

-36.36% 0.00% 23.53%

$327,750 $403,404 $369,900

$262,500 -19.91% N/A -100.00% $210,000 -43.23%

$230,000 -29.82% $299,500 -25.76% $210,000 -38.03%

4 -55.56% 0 -100.00% 6 -66.67%

18 6 33

18 4 30

0.00% -33.33% -9.09%

$192,000 N/A $144,888

$276,250 43.88% $196,000 N/A N/A $86,000 $196,250 35.45% $159,900

$225,500 $142,500 $206,750

15.05% 65.70% 29.30%

$309,500 $147,500 $195,000

-7.96% 18.00% -6.25%

NORTH BRANFORD 1 Family Condo All Sales

6 3 1 0

NORTH HAVEN 1 Family Condo All Sales

ORANGE 1 Family Condo All Sales

OXFORD 1 Family Condo All Sales

PROSPECT 1 Family Condo All Sales

5 5 1 1

$327,750 $403,404 $338,900

SEYMOUR 1 Family Condo All Sales

9 2 1 8

SOUTHBURY 1 Family Condo All Sales

9 1 2 2 7

11 13 27

22.22% 8.33% 0.00%

20 25 52

22 36 63

10.00% 44.00% 21.15%

$357,500 $164,500 $200,000

$315,000 $127,500 $235,000

-11.89% -22.49% 17.50%

$336,250 $125,000 $208,000

20 6 32

11.11% 200.00% 23.08%

38 10 58

46 15 73

21.05% 50.00% 25.86%

$211,000 N/A $218,500

$208,000 $113,250 $201,000

50 15 85

-16.67% 66.67% -11.46%

102 20 174

91 29 158

-10.78% 45.00% -9.20%

$94,400 $62,299 $84,000

$93,500 $40,000 $69,900

-0.95% -35.79% -16.79%

$89,450 $61,150 $86,450

24 7 42

-25.00% 16.67% -14.29%

55 9 84

66 14 102

20.00% 55.56% 21.43%

$170,000 $71,250 $170,000

$161,500 $70,000 $152,500

-5.00% -1.75% -10.29%

$162,000 $72,000 $170,000

11 37.50% 0 -100.00% 12 0.00%

13 1 19

16 0 24

23.08% -100.00% 26.32%

$182,000 N/A $182,000

$136,000 -25.27% $180,000 N/A N/A N/A $141,500 -22.25% $173,000

$197,975 9.99% N/A N/A $214,500 23.99%

13 0 15

7 0 7

$335,000 N/A $335,000

$395,000 17.91% $376,000 N/A N/A N/A $395,000 17.91% $376,000

$435,000 15.69% N/A N/A $435,000 15.69%

-7.53% 825 -6.50% 226 -8.97% 1,369

845 273 1,431

$185,299 $125,000 $170,000

$190,000 $120,000 $178,250

$195,000 $135,000 $180,000

WALLINGFORD 1 Family Condo All Sales

1 8 2 2 6

-1.42% $223,500 N/A $178,500 -8.01% $223,500

$225,000 0.67% $142,000 -20.45% $208,000 -6.94%

WATERBURY 1 Family Condo All Sales

6 0 9 9 6

$103,000 15.15% $41,750 -31.73% $78,950 -8.68%

WEST HAVEN 1 Family Condo All Sales

3 2 6 4 9

$167,445 $66,000 $165,500

3.36% -8.33% -2.65%

WOLCOTT 1 Family Condo All Sales

8 1 1 2

WOODBRIDGE 1 Family Condo All Sales

6 0 6

3 0 3

-50.00% N/A -50.00%

-46.15% N/A -53.33%

NEW HAVEN COUNTY 1 Family Condo All Sales

4 25 1 23 7 25

393 115 660

2.42% 20.80% 4.53%

2.54% -4.00% 4.85%

$195,000 $126,000 $176,500

0.00% 7.14% 1.98%

APRIL 2017 | THE COMMERCIAL RECORD | 33

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

6 0 6

1 0 4

-83.33% N/A -33.33%

24 5 34

27 0 30

12.50% -100.00% -11.76%

$274,563 N/A $244,125

$235,000 -14.41% $221,000 N/A N/A $178,000 $235,000 -3.74% $219,938

$217,000 -1.81% N/A - 100.00% $222,500 1.16%

28 1 34

15 6 29

-46.43% 500.00% -14.71%

$295,000 N/A $268,000

$190,000 -35.59% $281,000 N/A N/A N/A $270,000 0.75% $266,500

$248,000 -11.74% $173,500 N/A $239,900 -9.98%

3 0 5

4 0 5

N/A N/A $333,000

N/A N/A $245,000 N/A N/A N/A N/A -100.00% $245,000

$180,500 -26.33% N/A N/A $160,000 -34.69%

BOZRAH 1 Family Condo All Sales

1 0 1

0 -100.00% 0 N/A 2 100.00%

N/A N/A N/A

N/A $181,500 N/A N/A N/A $181,500

N/A - 100.00% N/A N/A $122,500 -32.51%

COLCHESTER 1 Family Condo All Sales

6 2 1 1

9 50.00% 0 -100.00% 11 0.00%

EAST LYME 1 Family Condo All Sales

1 5 1 2 1

5 1 9

-66.67% 0.00% -57.14%

FRANKLIN 1 Family Condo All Sales

2 0 3

0 -100.00% 0 N/A 1 -66.67%

33.33% N/A 0.00%

GRISWOLD 1 Family Condo All Sales

5 3 1 2

3 1 7

-40.00% -66.67% -41.67%

9 5 21

6 2 18

-33.33% -60.00% -14.29%

$94,900 $99,900 $100,950

$126,000 32.77% N/A -100.00% $120,000 18.87%

$100,000 $99,900 $100,000

$125,000 25.00% N/A - 100.00% $82,000 -18.00%

1 4 3 2 8

15 8 30

7.14% 166.67% 7.14%

43 4 61

41 11 71

-4.65% 175.00% 16.39%

$212,000 $125,000 $161,570

$220,000 $136,000 $202,000

$242,000 $117,500 $209,000

$225,000 $132,000 $218,900

3 0 5

2 0 5

-33.33% N/A 0.00%

10 0 13

9 0 12

-10.00% N/A -7.69%

$128,000 N/A $128,000

N/A -100.00% $192,100 N/A N/A N/A $111,599 -12.81% $190,000

$216,000 12.44% N/A N/A $196,000 3.16%

30 2 35

28 0 33

$256,500 N/A $240,000

$228,925 -10.75% $204,000 N/A N/A N/A $225,925 -5.86% $201,868

$224,750 10.17% N/A N/A $224,000 10.96%

N/A $285,000 N/A N/A N/A $217,500

$213,250 -25.18% N/A N/A $213,250 -1.95%

N/A N/A N/A

N/A N/A $400,000

GROTON 1 Family Condo All Sales

3.77% 8.80% 25.02%

-7.02% 12.34% 4.74%

LEBANON 1 Family Condo All Sales

LEDYARD 1 Family Condo All Sales

1 2 1 1 5

14 16.67% 0 -100.00% 16 6.67%

-6.67% -100.00% -5.71%

LISBON 1 Family Condo All Sales

2 0 2

4 0 5

100.00% N/A 150.00%

3 0 4

8 0 10

166.67% N/A 150.00%

N/A N/A N/A

$179,250 N/A $206,500

1 0 2

0.00% N/A 0.00%

1 0 2

1 0 5

0.00% N/A 150.00%

N/A N/A N/A

13 1 19

18.18% N/A 35.71%

19 0 25

25 1 34

31.58% N/A 36.00%

$180,000 N/A $165,500

$154,000 -14.44% $164,900 N/A N/A N/A $148,000 -10.57% $160,000

$154,000 -6.61% N/A N/A $146,000 -8.75%

33.33% 0.00% -15.79%

18 5 45

21 4 39

16.67% -20.00% -13.33%

$129,750 $140,500 $122,500

$133,073 $208,450 $129,523

2.56% 48.36% 5.73%

$149,000 $208,450 $141,000

-25.00% N/A -20.00%

11 0 15

7 0 10

-36.36% N/A -33.33%

$198,000 N/A $191,000

$196,500 N/A $204,750

-0.76% $210,000 N/A N/A 7.20% $220,000

37 7 58

29 1 43

-21.62% -85.71% -25.86%

$158,000 $85,000 $82,450

$111,025 -29.73% N/A -100.00% $112,000 35.84%

LYME 1 Family Condo All Sales

N/A N/A N/A

MONTVILLE 1 Family Condo All Sales

1 1 0 1 4

NEW LONDON 1 Family Condo All Sales

6 4 1 9

8 4 16

$132,350 $132,000 $132,000

12.58% 57.92% 6.82%

NORTH STONINGTON 1 Family Condo All Sales

4 0 5

3 0 4

$213,000 1.43% N/A N/A $204,750 -6.93%

NORWICH 1 Family Condo All Sales

1 3 3 2 2

17 30.77% 0 -100.00% 19 -13.64%

34 | THE COMMERCIAL RECORD | APRIL 2017

$133,000 $90,000 $102,500

$112,000 -15.79% N/A - 100.00% $102,351 -0.15%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com â&#x20AC;¢ subscribers only

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

FEB 2016

185.71%

$249,750

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

OLD LYME 1 Family

Condo

1 Family

Condo

1 Family

Condo

1 Family

Condo

All Sales

133.33%

112.50%

140.00%

$249,750

$280,000

12.11%

$270,200

$338,000

25.09%

33.33%

100.00%

$199,000

$254,000

27.64%

$178,000

$208,500

17.13%

-20.00%

83.33%

0.00%

-25.00%

50.00%

20.00%

-60.00%

-28.57%

-60.00%

0.00%

22 1

N/A

$320,000

N/A

28.13% N/A

$257,500 N/A

$350,000 N/A

35.92% N/A

PRESTON

All Sales

N/A

N/A $157,000

N/A $254,000

N/A 61.78%

N/A $135,500

N/A $215,000

N/A 58.67%

SALEM

All Sales

N/A

N/A $350,804

N/A

$40,000

N/A

N/A $350,500

$147,725 -57.89% N/A

N/A

$70,792 -79.80%

SPRAGUE

All Sales

N/A

$135,000

N/A -100.00%

N/A

-25.00%

$135,000

4.55%

$240,000

100.00%

N/A

N/A -100.00%

$135,000 N/A

$70,000 -48.15% N/A

N/A

$149,050

$109,500 -26.53%

$271,750

$256,500

STONINGTON 1 Family

1 1

Condo

1 8

-5.56%

-15.79%

$243,750

-33.33%

$149,900

All Sales

N/A

$256,500

N/A

N/A $243,000

6.88% N/A

N/A

-5.61% N/A

-0.31%

$243,750

$244,000

0.10%

N/A -100.00%

$147,466

$108,250 -26.59%

VOLUNTOWN 1 Family

Condo

-60.00%

All Sales

N/A

-50.00%

$143,000

$190,750

N/A

N/A -100.00%

N/A

$144,016

$108,250 -24.83%

$192,000

$228,500

WATERFORD 1 Family

2 2

-13.64%

2.44%

Condo

0.00%

-66.67%

2 5

-12.00%

-7.84%

$185,000

$202,000

All Sales

$221,000

N/A

15.86%

N/A $136,250

19.01%

N/A -100.00%

9.19%

$180,000

$226,000

25.56%

NEW LONDON COUNTY 1 Family

1 46

147

0.68%

333

327

-1.80%

$202,500

$202,000

-0.25%

$200,000

$210,000

5.00%

Condo

1 9

0.00%

-16.67%

$118,000

$133,900

13.47%

$114,000

$136,950

20.13%

2 28

213

-6.58%

484

473

-2.27%

$180,000

$185,949

3.31%

$175,000

$189,900

8.51%

All Sales

LOOKING FOR MORE? Our online real estate records offer a much deeper look into your markets and neighborhoods. Every Thursday, CommercialRecord.com is updated with the most recent sales, foreclosure, mortgage, and credit information available from The Warren Group. Our weekly digital records are available in a convenient, searchable PDF format through 2009. Each PDF is organized by county, town, and street to make it easy to find the exact data you need to make informed business decisions. As a bonus, all subscribers to The Commercial Record get access to similar weekly data from Rhode Island. Just navigate to commercialrecord.com, log in, click on Rhode Island Records under the Real Estate Transactions tab, and get busy putting The Commercial Record to work for you.

APRIL APRIL 2017 | THE COMMERCIAL RECORD | 35

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANDOVER 1 Family Condo All Sales

3 0 3

2 0 2

-33.33% N/A -33.33%

7 0 8

2 0 2

-71.43% N/A -75.00%

$364,500 N/A $364,500

N/A -100.00% $249,000 N/A N/A N/A N/A -100.00% $243,000

N/A - 100.00% N/A N/A N/A - 100.00%

1 0 1

0.00% N/A 0.00%

1 0 1

5 0 7

400.00% N/A 600.00%

N/A N/A N/A

2 0 3

-50.00% N/A -25.00%

7 0 8

9 0 12

28.57% N/A 50.00%

$217,500 N/A $217,500

N/A -100.00% $196,000 N/A N/A N/A $150,000 -31.03% $169,500

$200,000 2.04% N/A N/A $175,000 3.24%

2 1 5

-80.00% -50.00% -66.67%

12 2 20

15 2 21

25.00% 0.00% 5.00%

$130,500 N/A $179,900

N/A -100.00% $130,500 N/A N/A N/A $147,100 -18.23% $184,950

$159,900 22.53% N/A N/A $150,000 -18.90%

7 40.00% 0 -100.00% 13 8.33%

12 2 22

14 1 22

16.67% -50.00% 0.00%

$194,900 N/A $197,450

$218,000 11.85% $210,250 N/A N/A N/A $218,000 10.41% $210,250

$241,500 14.86% N/A N/A $211,500 0.59%

16 0 17

16 2 21

0.00% N/A 23.53%

$255,000 N/A $246,250

$232,500 N/A $232,500

$232,450 -2.02% N/A N/A $239,900 1.22%

BOLTON 1 Family Condo All Sales

N/A N/A N/A

$255,000 N/A $255,000

N/A N/A N/A

COLUMBIA 1 Family Condo All Sales

4 0 4

COVENTRY 1 Family Condo All Sales

1 0 2 1 5

ELLINGTON 1 Family Condo All Sales

5 2 1 2

HEBRON 1 Family Condo All Sales

9 0 1 0

6 0 6

-33.33% N/A -40.00%

-8.82% $237,250 N/A N/A -5.58% $237,000

MANSFIELD 1 Family Condo All Sales

4 3 8

7 75.00% 0 -100.00% 10 25.00%

12 4 18

18 7 29

50.00% 75.00% 61.11%

$197,500 $100,000 $145,478

$175,000 -11.39% N/A -100.00% $165,000 13.42%

$202,450 $132,850 $194,950

$178,214 -11.97% $229,500 72.75% $190,000 -2.54%

1 0 3 1 3

4 -60.00% 0 -100.00% 8 -38.46%

14 3 17

11 0 16

-21.43% -100.00% -5.88%

$265,000 $349,900 $305,000

$178,550 -32.62% N/A -100.00% $199,550 -34.57%

$265,000 $349,900 $302,500

$194,100 -26.75% N/A - 100.00% $199,550 -34.03%

4 0 5

16 0 24

8 1 15

-50.00% N/A -37.50%

$199,900 N/A $117,000

$186,385 -6.76% $178,000 N/A N/A N/A $133,870 14.42% $162,500

$136,935 -23.07% N/A N/A $105,350 -35.17%

17 1 20

25 1 28

47.06% 0.00% 40.00%

$220,000 N/A $235,000

$208,000 N/A $219,000

$208,000 -22.96% N/A N/A $219,000 -19.26%

0 0 0

1 0 1

N/A N/A N/A

17 6 32

34 13 63

6 0 9

5 2 8

137 18 196

163 29 245

SOMERS 1 Family Condo All Sales

STAFFORD 1 Family Condo All Sales

7 0 1 1

-42.86% N/A -54.55%

TOLLAND 1 Family Condo All Sales

1 2 1 1 3

13 8.33% 0 -100.00% 14 7.69%

-5.45% $270,000 N/A N/A -6.81% $271,250

UNION 1 Family Condo All Sales

0 0 0

7 3 1 6

13 9 29

N/A N/A N/A

VERNON 1 Family Condo All Sales

85.71% 200.00% 81.25%

100.00% 116.67% 96.88%

$149,000 $103,900 $133,850

$185,000 $119,000 $139,500

24.16% 14.53% 4.22%

$149,000 $122,325 $145,850

$180,000 $139,500 $154,000

20.81% 14.04% 5.59%

-16.67% N/A -11.11%

N/A N/A $250,000

N/A N/A $196,500 N/A N/A N/A $199,000 -20.40% $235,000

$200,000 1.78% N/A N/A $164,200 -30.13%

$205,000 $238,075 $199,900

$200,000 $101,500 $181,428

$193,000 -3.50% $139,500 -26.91% $180,000 -9.07%

WILLINGTON 1 Family Condo All Sales

2 0 3

2 2 5

0.00% N/A 66.67%

TOLLAND COUNTY 1 Family Condo All Sales

7 4 1 4 1 09

63 12 101

-14.86% -14.29% -7.34%

18.98% 61.11% 25.00%

36 | THE COMMERCIAL RECORD | APRIL 2017

-2.44% -57.37% -9.24%

$200,000 $190,850 $197,950

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES FEB 2016

FEB %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

FEB 2016

FEB %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

10 0 12

2 1 3

-80.00% N/A -75.00%

$167,000 N/A $164,950

N/A -100.00% $171,000 N/A N/A N/A N/A -100.00% $164,950

N/A - 100.00% N/A N/A N/A $1 -100.00%

$220,200 22.33% $177,950 N/A N/A N/A $207,450 -0.98% $180,000

$197,000 10.71% N/A N/A $184,500 2.50%

ASHFORD 1 Family Condo All Sales

7 0 8

0 -100.00% 1 N/A 1 -87.50%

BROOKLYN 1 Family Condo All Sales

1 3 0 1 6

6 0 10

-53.85% N/A -37.50%

14 0 17

14 0 22

0.00% N/A 29.41%

$180,000 N/A $209,500

2 0 2

2 0 4

0.00% N/A 100.00%

6 0 7

12 0 15

100.00% N/A 114.29%

N/A N/A N/A

N/A N/A $142,650

N/A $212,000 N/A N/A N/A $205,000

$197,250 -6.96% N/A N/A $188,500 -8.05%

1 0 2

3 0 3

200.00% N/A 50.00%

3 0 5

8 0 9

166.67% N/A 80.00%

N/A N/A N/A

$150,000 N/A $150,000

N/A $153,900 N/A N/A N/A $153,900

$138,500 -10.01% N/A N/A $150,000 -2.53%

2 0 4

100.00% N/A 100.00%

1 0 4

2 0 6

100.00% N/A 50.00%

N/A N/A N/A

N/A N/A $241,000

N/A N/A N/A N/A N/A $119,500

N/A N/A N/A N/A $197,500 65.27%

1 0 2

-50.00% N/A -33.33%

3 0 6

1 0 2

-66.67% N/A -66.67%

N/A N/A $100,000

N/A N/A $100,000 N/A N/A N/A N/A -100.00% $92,500

N/A - 100.00% N/A N/A N/A - 100.00%

11 1 21

10.00% 0.00% 5.00%

20 2 34

28 4 50

40.00% 100.00% 47.06%

$165,000 N/A $147,500

$158,500 N/A $158,500

1 1 0 1 2

12 2 16

9.09% N/A 33.33%

16 0 21

23 2 37

43.75% N/A 76.19%

$149,000 N/A $142,000

$106,500 -28.52% $135,000 N/A N/A N/A $106,500 -25.00% $135,000

$160,000 18.52% N/A N/A $125,000 -7.41%

3 0 6

2 0 3

-33.33% N/A -50.00%

5 0 9

4 0 6

-20.00% N/A -33.33%

$330,000 N/A $155,400

N/A -100.00% $248,000 N/A N/A N/A $246,000 58.30% $140,900

$225,500 -9.07% N/A N/A $246,000 74.59%

7 2 1 5

6 1 8

-14.29% -50.00% -46.67%

15 5 28

17 3 27

13.33% -40.00% -3.57%

$125,000 N/A $125,000

$182,500 46.00% $145,000 N/A N/A $122,500 $182,500 46.00% $145,000

$161,000 $140,000 $140,000

$190,000 N/A $190,000

N/A $158,000 N/A N/A N/A $158,000

$197,500 25.00% N/A N/A $197,500 25.00%

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

1 0 2

HAMPTON 1 Family Condo All Sales

2 0 3

KILLINGLY 1 Family Condo All Sales

1 0 1 2 0

-3.94% $150,000 N/A N/A 7.46% $138,250

$147,000 $132,000 $146,250

-2.00% N/A 5.79%

PLAINFIELD 1 Family Condo All Sales

POMFRET 1 Family Condo All Sales

PUTNAM 1 Family Condo All Sales

11.03% 14.29% -3.45%

SCOTLAND 1 Family Condo All Sales

2 0 2

3 0 3

50.00% N/A 50.00%

3 0 3

4 0 4

33.33% N/A 33.33%

N/A N/A N/A

1 0 2

-66.67% N/A -50.00%

6 0 7

3 0 5

-50.00% N/A -28.57%

$51,329 N/A $50,665

N/A -100.00% $118,250 N/A N/A N/A N/A -100.00% $65,500

$210,000 77.59% N/A N/A $180,000 174.81%

STERLING 1 Family Condo All Sales

3 0 4

THOMPSON 1 Family Condo All Sales

9 2 1 4

11 22.22% 0 -100.00% 14 0.00%

17 2 24

19 0 25

11.76% -100.00% 4.17%

$165,150 N/A $155,075

$179,000 8.39% $182,500 N/A N/A N/A $205,700 32.65% $173,825

$179,000 -1.92% N/A N/A $201,000 15.63%

7 1 1 2

8 1 13

14.29% 0.00% 8.33%

13 3 22

17 2 29

30.77% -33.33% 31.82%

$140,000 N/A $100,500

$136,250 -2.68% $147,000 N/A N/A $120,000 $126,000 25.37% $115,500

$115,000 -21.77% N/A - 100.00% $110,000 -4.76%

10 400.00% 0 -100.00% 12 100.00%

3 2 15

20 0 25

566.67% -100.00% 66.67%

N/A N/A $242,511

$285,500 N/A $230,000 N/A N/A N/A $280,000 15.46% $180,000

$280,000 21.74% N/A N/A $280,000 55.56%

135 14 214

174 12 265

28.89% -14.29% 23.83%

$160,450 $135,000 $149,950

$186,700 $93,000 $182,450

$178,750 15.32% $112,500 -14.12% $170,000 15.25%

WINDHAM 1 Family Condo All Sales

WOODSTOCK 1 Family Condo All Sales

2 1 6

WINDHAM COUNTY 1 Family Condo All Sales

8 0 7 1 24

78 6 116

-2.50% -14.29% -6.45%

16.36% -31.11% 21.67%

$155,000 $131,000 $147,500

APRIL 2017 | THE COMMERCIAL RECORD | 37

FAIRFIELD COUNTY GOSSIP REPORT

GREENWICH

FAIRFIELD

GREENWICH

ADDRESS: 10 Copper Beach Road, Greenwich PRICE: $6,400,000 SIZE: 8,654 square feet on 1.82 acres BUYER: Avant US 2 LLC SELLER: Kim Kassin and Philip Kassin AGENT: Sotheby’s International Realty SOLD: 2/23/17

NEW CANAAN

ADDRESS: 457 Harbor Road, Fairfield

ADDRESS: 17 Hemlock Drive, Greenwich

PRICE: $5,837,500

PRICE: $5,500,000

SIZE: 4,413 square feet on 0.76 acres

SIZE: 13,500 square feet on 4.2 acres

BUYER: Laura P. Hanley and Thomas A. Hanley

BUYER: Eunice Fong and Sheung Fong

SELLER: Edward V. Lahey and Joan M. Lahey

SELLER: Charles Davidson

SOLD: 3/16/17

SOLD: 2/17/17

ADDRESS: 10 Heather Drive, New Canaan PRICE: $4,300,000 SIZE: 10,078 square feet on 2.41 acres BUYER: Kelly Orlich and Robert Orlich SELLER: Ellen Kliavkoff and George Kliavkoff AGENT: William Raveis Real Estate SOLD: 2/15/17

GREENWICH

1 3 5

ADDRESS: 31 Meadowcroft Lane, Greenwich PRICE: $4,000,000 SIZE: 10,715 square feet on 2.95 acres

BUYER: Emily Garrett and Gregory Garrett SELLER: Spencer Lampert AGENT: Sotheby’s International Realty SOLD: 2/14/17

The home in this month’s No. 3 spot has some interesting and big numbers associated with it. First, it’s 13,500 square feet. It was on the market for more than 15 months, originally listed for a whopping $11 million. It has five garage spaces, seven fireplaces, 11 bedrooms, 12 full bathrooms, five half-bathrooms, and is 115 years old.

38 | THE COMMERCIAL RECORD | APRIL 2017

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APRIL 2017 | THE COMMERCIAL RECORD | 39

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