The Commerical Record December 2016

DECEMBER 2016

WWW.COMMERCIALRECORD.COM

REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

THE

BEST ISSUE OF Retail Rebounds In Southern Connecticut TRID, Low Interest Rates Prove A Boon To RE Industry Payment Fraud Prompts Banks To Offer The Best In Business Banking

DECEMBER 2016 | THE COMMERCIAL RECORD | 1

THE NATION’S LARGEST REGIONAL MORTGAGE CONFERENCE IS BACK!

13

JANUARY 8AM-3PM

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Visit www.nemortgageexpo.com for more information.

2 | THE COMMERCIAL RECORD | DECEMBER 2016

inside The Commercial Record’s Best Of Issue This issue of The Commercial Record features the results of our annual reader survey, CR’s Best. This year’s winners have won the confidence of readers by offering the very best of goods and services to the financial, commercial and residential real estate industries of the Nutmeg State. In that spirit – and to end the year on a high note – the magazine also features the best of business banking offerings, the best news out of the residential market, and the best of the retail market in the southern part of the state.

6

6

Extra Credit Banks go the extra mile to aid business customers and help prevent cyber and check fraud.

10 Best Of News The past 12 months have been a challenge for the residential real estate market, but sustain low interest rates helped fuel a boom in the sales figures and TRID, while onerous, provided transparency to buyers.

14

14 Speed To Market Central locations are in high demand for industrial tenants, helping the retail market in Southern Connecticut make a comeback.

8

state statistics

12 c-changes

Special Section 17 CR’s Best

13 in person

For nearly a decade we have surveyed readers for their picks of the best providers of goods and services to the finance, commercial and residential real estate industries. Thanks to our readers for voting and congratulations to the winners of CR’s Best 2016!

16 news roundup 22 top commercial transactions

10

24 trendlines 38 gossip report

DECEMBER 2016 | THE COMMERCIAL RECORD | 3

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2014 | THE COMME RCIAL

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The Commercial Record (ISSN 0010-3098) © 2016 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 2016. 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.

4 | THE COMMERCIAL RECORD | DECEMBER 2016

from the editor

CELEBRATING CR’S BEST AND THE END OF A ROUGH YEAR

I

t’s been a rocky road this year.

Though twelve months of presidential campaigning are finally concluded, it seems the media circus surrounding our president-elect will continue unabated.

And of course it remains to be seen what the 45th president will bring in terms of policy and regulatory change.

On the local level Connecticut continues its economic recovery. The housing market bounced around month to month, but overall it seems the number of sales were up and the median home price generally down. That’s good news for first-time buyers, but climbing interest rates will begin to lock more first-time buyers out of the market – and if inventory remains high, those homes will linger and prices will continue to fall.

Despite governmental efforts to attract and retain businesses, the year began with the announcement that GE was leaving Fairfield for Boston’s socalled Innovation District. At the least it was a blow to the state’s self-esteem; at worst the ripple effects on the local markets and economy will be felt for years to come. More companies announced plans to leave the area over the course of the year – although others also announced intensions to expand or even relocate to the area.

It’s not all bad news. The year began with triple-digit percentage increases month over month in lis pendens filed; that spike slowed considerably in the latter half of the year, with a 16.5 per-

cent drop in October 2016 compared to 2015, according to The Warren Group, publisher of The Commercial Record.

(October was the most recent month for which data was available as this issue went to press.) Of course, following that spike in lis pendens was a spike in foreclosure deeds filed, which were up 44 percent in October year over year. Overall foreclosures slowed in 2016.

And to close the year on high note, at least here in the pages of The Commercial Record, this issue includes the winners of our annual reader poll, CR’s Best. Results are determined by readers’ votes, so it is a subjective measure of dominance. As this is the ninth annual poll, there are some familiar names in the results, but there are also some newcomers topping the list of the best vendors and providers of services.

Furthermore, while 2016 can probably be consigned to the scrap heap of history, we here at The Warren Group are celebrating several important anniversaries next year. The company, founded in 1872, marks its 145th birthday next year. In that time it has been managed by only four generations of the Warren family, including our current CEO, Timothy Warren Jr. The company’s flagship publication, Banker & Tradesman, is as old as the company – The Commercial Record came along a little later, and next year celebrates 135 years of reporting on the finance, real estate and insurance industries in the Nutmeg State.

So congratulations to all the winners of this year’s CR’s Best – and congratulations to you, readers, for making it through another year. The staff of The Commercial Record and The Warren Group wish you all very happy holidays, and we look forward to 2017. n

Cassidy Murphy Editorial Director Email: cmurphy@thewarrengroup.com

DECEMBER 2016 | THE COMMERCIAL RECORD | 5

Extra Credit

THE BEST IN BUSINESS BANKING OFFERINGS

As Payments Fraud Increases, Bankers Step Up With Fraud Protection, Human Insights

BY LAURA ALIX | COMMERCIAL RECORD STAFF

B

usiness owners may associate their bank with making loans and taking deposits, but as payments fraud looms, bankers are meeting the need with sophisticated cash management and fraud prevention tools.

6 | THE COMMERCIAL RECORD | DECEMBER 2016

Despite (or maybe because of) all the innovation that’s happened in the payments space in recent years, checks are still the most popular payment method targeted by fraudsters.

According to the Association of Financial Professionals’ 2016 Payments Fraud and Control Survey, 71 percent of companies experienced actual or attempted check fraud in 2015, and 42 percent of respondents said that fraud attempts had increased over the prior year. Wire transfers were the secondmost popular target, and almost half of respondents said they’d experienced an attack via wire transfer.

It makes sense then that a business might look to its banker for help with fraud protection.

“I think the hottest thing that we’re seeing out there in the fraud prevention arena is a product called Positive Pay,” said Mark Rosenbloom, manager of cash management services at First County Bank in Stamford.

Positive Pay allows a bank’s business customers to enter in the checks and ACH transactions they’ve authorized so the bank knows exactly which transactions have been cleared by their client.

But Positive Pay is not a “set it and forget it” kind of solution. First County Bank and other community banks that offer Positive Pay to business customers, including Ion Bank in Naugatuck and Chelsea Groton Bank in Norwich, said it still requires the human touch – especially in teaching your customers how to use it successfully.

“Positive Pay is becoming very, very important, especially with all the fraud here, but that unto itself has a lot of information that somebody needs to know in how to discuss it and how to support it,” said Bill Lidestri, Chelsea Groton’s senior vice president of operations and technology. “When they have a problem uploading an ACH file at 4:00 in the afternoon, they need to talk to somebody and they need to get somebody knowledgeable on the phone right now.”

In addition to Positive Pay, some banks have also begun offering their business clients security tokens, a small electronic device, not unlike a key fob, that displays a series of ever-changing numbers along with a personal identification number.

Megan Charette, assistant vice president of business development and cash management at Ion Bank, said the bank plans to pilot a soft token approach, which offers customers that tokenization by way of a smartphone app.

And as all businesses seek to do more with less, they’re seeking out solutions to save that most precious commodity of all: time. For some, this might mean remote deposit capture that helps save a trip to the bank. For others, it might mean lockbox services.

Charette noted an uptick in business customers seeking out lockbox services from their bank. If you’ve ever mailed a check payment off to a post office box,

“

Bankers can share the latest scoop on common scams with their business clients and tip them off to a fraud that may be coming their way. Business email compromise in particular was on the uptick last year, with 64 percent of respondents in the AFP survey reporting that their organization was targeted.

This type of scam involves more legwork, as criminals gather personal and confidential business data in order to fool their marks into wiring money to the scammers.

Those human conversations are becoming both an important part of the onboarding process for new customers, as well as a part of the regular conver-

Positive Pay is becoming very, very important, especially with all the fraud here, but that unto itself has a lot of information that somebody needs to know in how to discuss it and how to support it. When they have a problem uploading an ACH file at 4:00 in the afternoon, they need to talk to somebody and they need to get somebody knowledgeable on the phone right now.”

— Bill Lidestri, senior vice president of operations and technology, Chelsea Groton Bank

then you’ve done business with a lockbox service, which basically handles the payments made to a business via snail mail.

“Especially for municipalities for tax collections, condo associations, hospitals, places like that that do a lot of billing, it’s a great solution for them,” Charette said. “It saves them a lot of time.”

The Human Touch But the more things change, the more they stay the same, and as bankers launch more high-tech solutions to meet their business clients’ needs, they’re also investing more into their main resource: their people.

sations bankers have with their clients.

At the end of the day, good business banking means cutting through the noise and reaching your customers with the latest news they can use, said Sara Tucker, First County Bank’s director of business banking.

“This is becoming pretty commonplace news, so this is an easy conversation to bring up,” Tucker said. “You sometimes get that deer in the headlights kind of stare where they realize they’re not doing much in that arena, so that’s where [we] can come in with the education piece.” n Email: lalix@thewarrengroup.com

DECEMBER 2016 | THE COMMERCIAL RECORD | 7

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

Top 5 Credit Unions Market Share: All Mortgages

2,300 American Eagle FCU | 2016 Rank: 1 | 2015 Rank:1

NUMBER OF SALES

1,840

21.86%

20.73%

1,380

Charter Oak Fed Cr Un | 2016 Rank: 2 | 2015 Rank: 2

920 12.95%

460 12.95%

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *Statistics include sales January-October- All Years Source: The Warren Group

Sikorsky Fncl CU Inc | 2016 Rank: 3 | 2015 Rank: 3

8.06%

Condo Sales By Price Range 7.14%

8,000 $700K+

7,200

$500k-$699k

CT State Emp FCU | 2016 Rank: 4 | 2015 Rank: 5

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

6,400

NUMBER OF SALES

$150k-$299k

5.90%

$10K-$149k

5,600

5.64%

4,800 4,000

Navy FCU | 2016 Rank: 5 | 2015 Rank: 4

3,200

5.73%

2,400 1,600

6.02%

800

2016 0

1991

1996

2001

2006

2011

2015

2016

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

8 | THE COMMERCIAL RECORD || DECEMBER DECEMBER 2016 2016

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

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 13,000

Wells Fargo Bank | 2016 Rank: 1 | 2015 Rank: 1

10,400

3.64%

William Raveis Mtg Co | 2016 Rank: 2 | 2015 Rank: 5

2.83%

NUMBER OF SALES

3.55%

7,800

5,200

2,600 2.52%

0

Norcom Mortgage | 2016 Rank: 3 | 2015 Rank: 2

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *Statistics include sales January-October - All Years Source: The Warren Group

2.71%

Multifamily Home Sales 3.13%

3,000

2-Family

3-Family

First World Mortgage | 2016 Rank: 4 | 2015 Rank: 6

2,500

2.48% LoanDepot.Com | 2016 Rank: 5 | 2015 Rank: 12

2.55%

NUMBER OF SALES

2.64%

2,000 1,500 1,000 500

2.06%

2016

2015

*MarketShare percent and Rank statistics includes loans thru October for both 2015 & 2016

0

06 07 08 09 10 11 12 13 14 15 16

*Statistics include median prices January-October - All Years Source: The Warren Group

DECEMBER DECEMBER 2016 | THE COMMERCIAL RECORD | 9

Best Of 2016

LOW INTEREST RATES FUELED A STRONG REAL ESTATE MARKET TRID Provided Consumers With Transparency

“

The lending industry benefitted from a good rate environment in 2016.

Brexit had a good impact on mortgage interest rates and we saw a little unexpected uptick in refinancing as well. It wasn’t long-lived, but it was appreciated by lenders.” — Kevin Moran, senior vice president, Webster Bank

10 | THE COMMERCIAL RECORD || DECEMBER DECEMBER 2016 2016

BY JIM MORRISON | COMMERCIAL RECORD STAFF

T

he final numbers won’t be in for another month, but 2016 has been a good year for real estate. Leaders in different areas of real estate each saw it a little differently, but all agreed that low interest rates helped more than anything to fuel the Nutmeg State’s busy residential real estate market.

“The lending industry benefitted from a good rate environment in 2016,”said Kevin Moran, senior vice president and manager of retail mortgage lending at Webster Bank. “Brexit had a good impact on mortgage interest rates and we saw a little unexpected uptick in refinancing as well. It wasn’t longlived, but it was appreciated by lenders.”

However, that could change next year, when rates are expected to rise.

“It remains to be seen how things will shake out in 2017, but at some point we expect rates to rise and that will be a challenge after having the luxury of low interest rates for so long,” Moran said. “When they start to move back up, it will be a very different environment. On the other hand, uncertainties around the world, like international crises could drive money back into the bond market and keep rates lower.”

The low rates also contributed to the high number of sales Connecticut saw throughout the year, said Michael Feldman, outgoing president of the Connecticut Association of Realtors.

“Interest rates are still unbelievably low, somewhere around three and a half percent,” Feldman said shortly after the presidential election. “Homebuyers can enjoy a 30-year loan for as long as they’d like to keep it, or lower if they went with a 15year loan.”

TRID Is Good News After All The much-anticipated, much-lamented implementation of the TRID “Know Before You Owe” rule went much more smoothly than expected, and in fact had a positive impact on the market.

“Buyers now have advance notice of what their closing costs are going to be instead of finding out at the closing,” Feldman said. “Consumers are much better informed by this transparency and that’s a very good thing.”

Moran said preparation was the key to the smooth implementation of TRID, which he said has been fantastic for consumers.

“Certainly in the first part of the year, there was a lot of wrestling with the mechanics and cost,” Moran said. “As we got through the middle of the year, we saw lenders got their arms around it. Most lenders have been able to incorporate TRID into their turn time. We’ve certainly learned a lot. The Connecticut Mortgage Bankers Association is still doing a lot of seminars. That’s a big part of the story, education around TRID for our members and the Realtor community.”

One of the best things to happen to the Connecticut real estate market was actually something that didn’t happen.

“The legislature did nothing to impede, restrict or slow down the real estate market, which is one of the key factors of a good economy,” Feldman said. “Overregulation is not a good thing in the market. Things stayed where they should have been.”

The continued decline of home foreclosures has helped the market as well, said Jim Czapiga, president and CEO of CATIC. “The number of foreclosures over the last few years has continued to decline, allowing for better inventory balance,” he said. “It has helped stabilize the market and will help stabilize pricing over time. Sales increases usually precede price increases and volume has picked up. Starter homes are zipping through the market and people who are pricing their houses well are selling them quickly.”

Moran said the growth in his industry’s online presence has been good and bodes especially well for the expected influx of Millennial homebuyers into the market.

“The year started with the growth of online lending as a big story,” Moran said. “A lot of lenders are looking at that and mobile banking as a start of gaining market share. Of course, the Millennial market is expected to be the largest demographic and we need to make certain that we’re reaching those folks.

That’s how the Millennials will be doing business.”

Looking Ahead to 2017 Czapiga said he expects a strong 2017.

“Everyone I’ve spoken to still has a pretty steady pipeline of closings through the end of the year,” he said. “We’re expecting a solid fourth quarter and expect it to continue into the spring. I’m always cautiously optimistic, but I have a better feeling about next year than I have in other years.”

Moran said he thinks 2017 will see a renewed focus on firsttime homebuyers, especially Millennials.

“That will be a challenge to bring them into the market,” he said. “The long-term perspective is that cohort is expected to be the biggest chunk of new household formation. There’s a basic inherent desire to own a home. It’s been a difficult period which we’ve only recently started to come out of. There’s starting to see a modest growth in income. It’s been a challenge and an opportunity for the industry.” n Email: jmorrison@thewarrengroup.com DECEMBER 2016 | THE COMMERCIAL RECORD | 11

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES

Sotheby’s International Realty recently announced that Lance Pendleton has been named vice president of sales development and education. Pendleton initially joined the firm in the summer of 2015 as director of education and training. In his new role, he will bring a higher level of support to agents through a hospitality and concierge-oriented experience to buyers and sellers. Pendleton will maintain but also move beyond the responsibilities he has held as training director, including hosting oneon-one and group training sessions designed to instruct agents in areas such as core sales skills, key marketing strategies, company business tools, negotiations, current applications of technology, social media and more.

William Pitt Sotheby’s International Realty recently announced that Jennifer Rohr has joined the company as a sales agent. In her new role, she will be based in the firm’s Southport brokerage. Rohr brings experience in the construction industry and holds real estate licenses in both New York and Connecticut. The firm also hired Lisa Damp as a sales agent in the firm’s Southport brokerage. Originally from New York City, Damp has worked in the health care industry for most of her career, and recently began pursuing a career in real estate.

Avison Young has added announced that its Fairfield/Westchester office has hired Nicole Laskowski as a research analyst for its Norwalk location. Laskowski was previously communications manager at The Marketing Advantage, a Stamford-based research and marketing solutions firm. Prior to that, she held positions at NBC Universal and Central Connecticut Coast YMCA. In her new role at Avison Young, Laskowski will help produce quarterly reports for local Connecticut and Westchester office markets and periodic tri-state and national market research and analysis. She will also produce research materials as a business development tool in support of broker pursuits at various levels.

AWARDS & ACCOLADES Savings Institute Bank & Trust’s Norwich Branch Manager Barry Shead was recently honored at the 53rd Annual Freedom Fund Gala, held by the Norwich NAACP. Shead received the President’s Award for Community Service and recognition from Sen. Richard Blumenthal for his efforts to improve the Norwich community. Shead was a charter member of the committee that established a “Celebrate Cultural Diversity” event in Norwich, along with founding the Lottie B. Scott Celebrate Cultural Diversity award, which recognizes an individual each year who has worked to make a difference in promoting education and understanding of various cultures in the city of Norwich. Additionally, he founded the Ralph Learned Community/Military Service Award to highlight a member of the military who is serving their country and making a difference in the local community. Shead is also a past president of the Norwich Rotary Club.

12 | THE COMMERCIAL RECORD | DECEMBER 2016

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.

WILLIAM W. CROSSKEY II, PRESIDENT AND CEO, CROSSKEY ARCHITECTS Crosskey Architects is an active participant in Greater Hartford’s multifamily development scene.

Where does the growth in your business coming from?

Our work is historic preservation and multifamily housing, and a lot of our projects use state and federal historic tax credits. We do the actual application paperwork in-house here. If the property’s eligible for the state or national historic register, we do the research and get it put on the register so it can use the tax credit programs. That’s all done in-house in conjunction with the architecture, and that’s really important.

What’s tricky about an office-to-residential conversion?

One of the things when we convert apartments is try to use the historic details of the space to make the units more unique. It’s a quality that’s already there. It doesn’t cost you anything to do that, yet it makes the building unique and exciting.

REBECCA ZANDVLIET, BROKER/OWNER, COLDWELL BANKER REALTY 2000 Rebecca Zandvliet likes to keep busy. In addition to managing the Coldwell Banker franchise she owns, she sells real estate, flips houses, does a lot of volunteer work and owns an eight-parcel residential development she’s also selling.

What do you see happening in your market?

Naugatuck is working with the railroad to improve the number of stops in town. When that happens I think you’ll see more people living here and commuting into the city. It’s a bedroom community, so you’ve got a lot of first-time buyers. It’s quite affordable living.

What is your biggest challenge?

We’ve got a changing world in marketing and advertising. We’re doing an awful lot of social media and the results have been staggering. My agents are pretty creative and do a lot of live streaming and virtual open houses. Even if someone isn’t in the market right now, they’re seeing us.

DAVID N. ROSEN, DAVID ROSEN & ASSOC., P.C. You may recognize David Rosen’s name from the recent class action lawsuit filed against the developer charged with letting a New Haven housing development fall to ruin to force out tenants.

Can you talk about a few of the cases you’ve worked on over your career that you felt proud to be a part of?

In a way, I started at the top because I was the junior lawyer for the chairman of the Black Panther Party, Bobby Seale, in a murder trial in New Haven that attracted enormous attention.

After that, I hung out my shingle and something that I count as a career accomplishment was representing racial minorities and also women in a series of class action cases aimed at integrating public services in Connecticut. This included cases against fire departments and several cities, the state police and the state department of corrections.

DAVID RACCIO, VICE PRESIDENT OF LENDING, COMMUNITY INVESTMENT CORP As vice president of lending at Hamden-based Community Investment Corp., David Raccio helps connect entrepreneurs with Small Business Administration financing.

What types of industries are providing most of the demand for loans?

We’re pretty diverse with our industries. Strangely enough, the areas we’ve begun to specialize in are breweries. We’re working on one now in South Windsor, Connecticut Valley Brewing, which is ground-up construction. We did Stony Creek in Branford and it’s going to be similar to that.

Breweries are all over the place in what they’re looking for from us.

What do your clients say about the economic climate and obstacles to new businesses?

It’s uncertainty. We get it a lot from our clients. They’re concerned about the economic health of the state. If they’re going to make a large investment, can they have certainty where the state regulations will be in five or 10 years?

DECEMBER 2016 | THE COMMERCIAL RECORD | 13

Speed To Market

CENTRAL LOCATIONS IN DEMAND

BY INDUSTRIAL TENANTS Retail Market Rebounds In Southern Connecticut

Retail real estate in southern Connecticut recorded nearly 700,000 square feet of positive absorption during the third quarter, as the vacancy rate declined to 5.2 percent.

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

I

mproving market conditions for industrial properties in Greater Hartford and retail space in Fairfield County were bright spots in Connecticut’s commercial real estate market in 2016, offsetting stagnation in the office sector.

One development opportunity has emerged because of demand for high-bay warehouse space, said Nicholas Morizio, president of the Hartford and New Haven office for Colliers International.

The vacancy rate for warehouses with minimum 30-foot ceiling heights is under 1 percent in the Greater Hartford and Springfield market, Morizio said. It’s a reflection of demand from e-commerce companies for

14 | THE COMMERCIAL RECORD | DECEMBER 2016

distribution facilities near I-84 and I-91.

“Everybody wants to be closer to their customers and population and Connecticut has the proximity halfway between Boston and New York,” Morizio said. “There’s not enough good space available, so there’s going to be a lot more land sales and maybe people starting to put up some buildings with spec development.”

E-commerce also played into the year’s largest investment sale: German investor Deka Immobilien’s acquisition in April of

Amazon’s new 1.5-million-square-foot distribution center in Windsor for $105.5 million.

Positive Absorption In Hartford Office Market In Hartford, office landlords mapped out plans to increase the vibrancy of downtown properties, hoping to leverage the scheduled completion of UConn’s new downtown campus next fall. New York-based BHN Assoc., which bought six buildings in Constitution Plaza in 2015 for $71.1 million, plans to add a restaurant and host more outdoor events such as September’s music and craft beer festival to attract more visitors to the six-building complex.

A continuing multifamily building spurt that has added hundreds of new residents to the downtown area has laid the groundwork for a more vibrant street scene, said Chris Ostop, executive vice president in JLL’s Hartford office.

“People were doubting that people would want to live in downtown Hartford because it was feeling like an office park that happened to be built in a capital city,” Ostop said. “Now there’s more of a pulse.”

For landlords and developers, opportunities await to cash in on the increasing popularity of urban workspaces. The city of Hartford had 72,823 square feet of positive office space absorption through Sept. 30, reflecting renewals by big employers like Lincoln Financial, and expansion by smaller tenants.

Throughout the Greater Hartford region, year-to-date net absorption was negative 102,348 square feet, according to JLL research. Only the east and west submarkets, which are traditionally the strongest suburban regions, had positive absorption.

Corporate downsizing and mergers put more stress on office markets, with major employers trimming workforces and “rightsizing” their office space requirements to fit more employees.

Demand for office space has been dampened by diminishing space requirements in key industries such as law firms and accounting, Ostop said. Some accounting firms are eliminating assigned desks, reflecting the amount of time that auditors spend on the road, and reducing their real estate footprints.

Vacancy rates – currently 14 percent in Greater Hartford – continue to put a damper on plans for new office development,

with just 25,000 square feet of office space under construction in the region.

The lack of demand for big blocks of single-use office space was reflected in new owners’ plans to redevelop The Hartford’s 172-acre former campus in Simsbury. The Silverman Group is proposing 208 townhouses and apartments as part of a mixeduse project including 11,600 square feet of retail space and a 120-bed assisted-living facility.

Retail Market Recovers In Fairfield County Retail real estate in southern Connecticut rebounded in 2016, according to a report from Fairfield-based brokerage EAC Properties.

Nearly 700,000 square feet of positive absorption was recorded in the third quarter, including 220,256 square feet in 20 newly constructed buildings. The vacancy rate declined from 5.5 percent to 5.2 percent.

Stamford retail space showed “tremendous growth” in the past year, according to Andreas Senie, managing partner at EAC Commercial. Vacancy rates have declined from 3 percent at the end of 2014 to 2.2

percent in the third quarter. Quoted rental rates have risen steeply in Greenwich, increasing from $67 per square foot in early 2015 to $73 per square foot in the third quarter.

New development expanded the inventory of retail space in Greater Hartford by approximately 400,000 square feet in the 12 months ending in August, with Costco opening a new 156,000-square-foot wholesale club in New Britain and MattressFirm adding 16 stores with its acquisition of Sleepy’s.

But occupancy rates failed to keep pace regionwide. The vacancy rate rose from 10.1 percent to 11.1 percent during the year ending August 2016, KeyPoint Partners reported. Amid continuing competition from online shopping sites, it was the first year of rising vacancies following four straight years of improvement.

Manchester has the Hartford region’s largest retail inventory at 5.4 million square feet, according to research by Burlington, Massachusetts-based KeyPoint. Rocky Hill led all communities with the lowest vacancy rate of 4.4 percent. n Email: sadams@thewarrengroup.com

When you have the right bank for your business,

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Our new suite of products, services and technology enhancements were designed with your growing needs in mind. Join the thousands who have entrusted us with supporting their business by calling 860-448-4203 or visiting chelseagroton.com/growthatbusiness.

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DECEMBER 2016 | THE COMMERCIAL RECORD | 15

NEWS ROUNDUP TRANSPORTATION CONSULTANTS MOVING HQ ACROSS FAIRFIELD COUNTY

AVISON YOUNG MARKETS BRIDGEPORT OFFICE SPACE Avison Young’s Fairfield/Westchester office has been named the exclusive leasing agent for 1000 Lafayette Blvd. in Bridgeport.

The 11-story, 215,000-square-foot office building has over 70,000 square feet available. Built in 1989 and renovated in 2012, the property contains on-site management, a full-service café,

BNP Assoc. Inc. will relocate its U.S. headquarters from Brookfield to Fairfield following a 5,753-square-foot commercial space lease.

The company provides specialized consulting services to the air transportation industry. It has locations in Hong Kong, Singapore, Abu Dubai, Tampa, Florida, Denver, Colorado, Dallas, Texas and West Sussex, England.

BNP will be doing a complete renovation of the retail building, located at 1979-1983 Post Road, converting it into office space. The interior of the building will have high ceilings, exposed brick and exposed ductwork.

Angel Commercial LLC brokered the deal.

fitness center with locker rooms, training and conference facilities and nearly 500 covered parking spaces. Availabilities include two full floors of approximately 23,000 square feet each, as well as partial floors ranging from 4,000 to 8,300 square feet.

Major tenants include Citizens Bank, the U.S. attorney’s office, Zeldes Needle Cooper and Regus.

The property is located off I-95 exit 27 and the Route 8/25 connector within walking distance from the federal courthouse, restaurants, Metro North and Amtrak.

Principal and Managing Director Sean Cahill and Vice President Lori Baker will lead the leasing team.

TWO MEN FOUND GUILTY IN BANK, USDA PROGRAM FRAUD A federal jury in New Haven recently found two men guilty of defrauding banks and the USDA export financing program.

Between September 2007 and January 2012, Brett C. Lillemoe, of Minneapolis, Minnesota, and Pablo Calderon, of Darien, submitted fraudulent documents to Deutsche Bank A.G. and Colorado-based CoBank ACB in connection with a USDA loan guarantee program.

As part of the scheme, Lillemoe and Calderon established multiple entities with separate names with the intention of obtaining a greater share of the allocation of guarantees from the GSM-102 program. The defendants then paid for or otherwise acquired bills of lading and other shipping documents for shipments of agricultural products for which were not shipped.

The defendants used fraudulent documents with foreign banks to obtain millions of dollars from U.S. banks in connection with the GSM102 program, and then provided the funds to the foreign banks in exchange for a percentage fee for themselves and their various entities.

The banks defaulted on over $25 million of loans for which the USDA’s GSM-102 program had to pay out the guarantees.

A grand jury found Lillemoe and Calderon guilty of one count of conspiracy to commit wire fraud and bank fraud, and Lillemoe guilty of five counts and Calderon guilty of one count of wire fraud. Lillemoe, Calderon and Zirbes were found not guilty on the remaining counts of wire fraud, one count of bank fraud and one count of money laundering. Calderon also was found not guilty of lying to the IRS and the FBI in connection with statements he made to the federal agents from those agencies.

Lillemoe’s sentencing is scheduled for Feb. 1, 2017, and Calderon’s sentencing is scheduled for Feb. 2, 2017. If convicted, both men face up to 20 years in prison on each count.

THE MOST VIEWED ARTICLES IN NOVEMBER • Defunct Woodbury Restaurant Purchased, To Be Rebranded • Sotheby’s International Realty Hires New Southport Agent • Fitness Supplement Store Employee Imprisoned For Embezzling Over $200K • Successful Real Estate Pros Use Slow Season To Refuel And Reconnect • Citizens Funds Bloomfield Development

16 | THE COMMERCIAL RECORD | DECEMBER 2016

• Real Estate And Construction Management Firm Slapped With $250K Fine • Two Men Found Guilty In Bank, USDA Program Fraud • Black Rock Oyster Bar & Grill Sells For $1.3M • Henkel Firms Up CT Move With Stamford Lease • Downtown Darien Property Sold For $4.9M

W

elcome to the results of our ninth annual Commercial Record readers’ poll, in which our readers have cast their votes for the best providers of services and goods in the banking and real estate professions. Since early September, The Commercial Record conducted an online survey of readers. We promoted this project via ads in the magazine, emails to thousands of readers and customers of The Commercial Record, and through our website, www.commercialrecord.com. Readers responded vigorously to the opportunity to voice their choice.

Here, then, are their choices for The Best – the companies that won the loyalty and support of the Nutmeg State’s financial and real estate communities. n

BANKING ACCOUNTING/AUDIT Gold Silver

Wolf & Company Whittlesey & Hadley PC

Bronze

G.T. Reilly & Co.

ADVERTISING/MARKETING Gold Silver

Sundin Associates The Donaldson Group

Bronze

Mintz & Hoke Communications Group

ASSET RECOVERY Gold Silver

Asset Recovery Center DoveBid Inc.

Bronze

Integrated Security Group

ATM/CURRENCY COUNTER

COMMERCIAL LENDING

Gold Silver

Diebold Inc. Magee Company

Gold Silver

Essex Savings Bank Eastern Savings Bank

Bronze

JCSB

Bronze

Liberty Bank

BUILDING DESIGN/ ARCHITECT Gold Solidus Silver New England Design Associates Bronze

Provost & Rovero

COMMUNITY BANK Gold Silver

Jewett City Savings Bank Essex Savings Bank

Bronze

Eastern Savings Bank

COMPLIANCE

BUSINESS FORMS Gold Silver

Financial Printing Solutions Harland Clarke

Bronze

American Solutions for Business

Gold Silver

Sheshunoff Consulting + Solutions Wolf & Company

Bronze

RSM

CHECK PRINTING Gold Harland Clarke Silver Deluxe Bronze

JCSB

CONSULTANT Gold

Sheshunoff Consulting + Solutions Silver COCC Bronze

Whittlesey & Hadley PC Continued on page 18

DECEMBER 2016 | THE COMMERCIAL RECORD | 17

BANKING CONT.

COMMERCIAL REAL ESTATE

Gold

1031 EXCHANGE

Silver

CORRESPONDENT BANKING Gold Silver

Bankers’ Bank Northeast Eastern Bank

Gold Silver

Asset Preservation All State 1031 Exchange

Bronze

Bank of America

Bronze

Investor Mortgage Co.

CREDIT UNION Gold Silver Bronze

Charter Oak Federal Credit Union American Eagle Federal Credit Union Nutmeg State Federal Credit Union

RESIDENTIAL LENDING Gold Silver

Norcom Mortgage Village Mortgage Company

Bronze

Essex Savings Bank

CLOSING ATTORNEY Gold Silver

Kriss Law Nixon Peabody

Bronze

Dalton & Finegold

COMMERCIAL RE FIRM Gold Silver

HK Group Ryer Associates Commercial Real Estate

Bronze

Cushman & Wakefield

18 | THE COMMERCIAL RECORD | DECEMBER 2016

EDUCATIONAL PROVIDER

Bronze

Connecticut Association of Realtors The Connecticut Real Estate Institute CCIM

FINANCING Gold Silver

Essex Savings Bank Village Mortgage

Bronze

Eastern Savings Bank

LENDING Gold Silver

Essex Savings Bank Eastern Savings Bank

Bronze

Liberty Bank

PROJECT MANAGEMENT Gold Silver

Diversified Project Management Paragon Slate

Bronze

Project Management Associates

PROPERTY MANAGEMENT Gold Silver

Berkshire Hathaway HomeServices Connecticut Commercial Realty

Bronze

Cushman & Wakefield

AUCTIONEER Gold Silver

Harkins Real Estate & Auctions Aaron Posnik & Co. Inc.

Gold Silver

Norcom Mortgage Village Mortgage Company

Bronze

Paul McInnis Inc. Auctioneers

Bronze

Connecticut Home Mortgage

HOME INSPECTOR

SECURITY Gold ADT Silver Diebold Inc. Bronze

MORTGAGE COMPANY

MOVING COMPANY

Gold Silver

Tiger Home Inspection Pro-Tech Home Inspection

Gold

Bronze

Absolute Home Inspection

Silver

Father & Son Moving & Storage Joyce Van Lines Inc.

Bronze

Greene Moving & Storage

Sonitrol

RESIDENTIAL REAL ESTATE APPRAISER Gold Silver

Cushman & Wakefield Atlantic Appraisal Associates

Bronze

Colliers International

HOME SECURITY Gold Silver

ADT Security Services Black Lab Alarm

Bronze

ASE

PROPERTY MANAGEMENT

MAINTENANCE COMPANY Gold Silver

Dan Tiezzi & Sons Builders Statewide Home Improvement LLC

Bronze

Allied Drain Cleaning

Gold Silver

Monarch Real Estate Fairfield Properties

Bronze

Simon Konover Company

REAL ESTATE FIRM Gold Silver

Berkshire Hathaway HomeServices Connecticut Realty Group

Bronze

Calcagni Real Estate Continued on page 20

Proud to be an Award Winning Team Thank you to readers of The Commercial Record for naming Jewett City Savings Bank the “Best Community Bank” in Connecticut for the third year in a row!

Your Community Bank Brooklyn • Dayville • Jewett City Plainfield • Preston JCSBank.com • 860.376.4444

Member FDIC

Facebook.com/JCSBank

DECEMBER 2016 | THE COMMERCIAL RECORD | 19

RESIDENTIAL REAL ESTATE CONT.

Bronze

Bronze

Chicago Title Insurance Company

DEVELOPMENT & CONSTRUCTION ARCHITECT/DESIGN Gold Silver

Elkus/Manfredi Architects DiGiorgia Associates

Bronze

Gensler

ENGINEERING Gold Silver

Fuss & O’Neill Inc. BL Companies Inc.

GENERAL

ENVIRONMENTAL SERVICES

TITLE INSURANCE Gold CATIC Silver First American Title Insurance Company

Connecticut Consulting Engineer

COMMUNICATIONS

Gold Silver

GO Environmental Environmental Data Resources

Gold Verizon Silver AT&T

Bronze

GZA GeoEnvironmental Inc.

Bronze

Charter

EVENT FACILITY

GENERAL CONTRACTOR Gold Silver

Silver

Downes Construction Company LCC Magee Company

AquaTurf Club The Riverhouse at Goodspeed Station

Bronze

McKiernan Construction LLC

Bronze

Mohegan Sun

Gold

EXECUTIVE SEARCH

MECHANICAL CONTRACTOR Gold Silver

Depco Mechanical LLC EMCOR Services New England Mechanical

Bronze

Fahrenheit Mechanical Services Inc.

Gold Silver

Robert Half International American Bankers Association

Bronze

Hobson Associates

THANK YOU. Proud to be named the Best Bank Advertising/ Marketing Firm in Connecticut by readers of The Commercial Record & Massachusetts by readers of Banker & Tradesman.

Marketing | Advertising | Online | SundinInc.com | 508 650 3972

20 | THE COMMERCIAL RECORD | DECEMBER 2016

GOLF COURSE Gold Silver

Fox Hopyard Golf Course Tunxis Plantation Country Club

Bronze

Rockledge Country Club

HOTEL Gold Silver

Avon Old Farms Hotel Marriott Hartford Downtown

Bronze

Simsbury Inn

INSURANCE AGENCY Gold Silver

Drescher Insurance Agency Aetna Inc.

Bronze

Allstate

LAW FIRM Gold Silver

Hinckley, Allen, & Snyder LLP Tavano McCuin LLC

Bronze

Law Offices of Baillie & Hershman PC

MARKETING/PR AGENCY Gold Silver

Baldwin Media Marketing LLC GO Media

Bronze

Co-Communications

For 21 Consecutive Years!

Essex Savings Bank has once again earned the highest 5-Star rating for strength and stability from BauerFinancial, Inc., the nation’s leading independent bank rating and research firm. BauerFinancial has been reporting on and analyzing the performance of U.S. banks since 1983. No institution can pay BauerFinancial to rate it, nor can an institution choose to be excluded. Essex Savings Bank has proven its commitment to superiority by earning this top rating for 21 consecutive years. Fewer than 10% of the nation’s banks can claim this distinction.

In order to do so, the Bank has excelled in areas of capital adequacy, delinquent loan levels and profitability to name just a few.

Consistently earning BauerFinancial’s highest rating assures customers and the community that Essex Savings Bank is a strong financial institution that will be able to fulfill their banking needs for years to come.

TECHNOLOGY Gold Silver

Connecticut Computer Service Inc. CSI - Computer Services Inc.

Bronze

Connecticut Innovations Inc.

TEMP AGENCY Gold Silver

AR Mazzotta Employment Specialists Kelly Services Inc.

Bronze

Staffing Now Inc.

Essex, 35 Plains Road, 860-767-2573 Essex, 9 Main Street, 860-767-8238 Chester, 203 Middlesex Avenue, 860-526-0000 Madison, 99 Durham Road, 203-318-8611 Old Saybrook, 155 Main Street, 860-388-3543 Old Lyme, 101 Halls Road, 860-434-1646 Toll-Free: 877-377-3922 • essexsavings.com Member FDIC

Equal Housing Lender

CONGRATULATIONS TO ALL OF OUR WINNERS!

OF

13 OF 13 20OF 2

20

016

Banking: #1 Commercial Lending

Commercial Real Estate: #1 Lending

Commercial Real Estate: #1 Financing

Banking: #2 Community Bank

DECEMBER 2016 | THE COMMERCIAL RECORD | 21

TOP COMMERCIAL TRANSACTIONS Visit www.commercialrecord.com for a complete list of commercial transactions updated weekly.

TOP 3 STATEWIDE 215 Glastonbury Blvd, Glastonbury...... $26,600,000

31 Union St, Vernon.............................. $18,925,000

12 W Putnam Ave, Greenwich............... $8,850,000

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

Use:.................................................... Other Exempt

Use:........................... Mixed Use-Prim Res & Comm

Buyer: .................................... Glastonbury MZL LLC

Buyer: ............................... Prospect Rockville Generl

Buyer: ............... Greenwich Avenue Props & MBMB

Seller:............................... Realty Associates Fund 9

Seller:................................... Rockville General Hosp

.......................................... Greenwich Avenue LLC

Mtg: ...................Nationwide Life Ins C $18,800,000

Date: ......................................................... 10/04/16

Seller: ..................................Greenwich Putnam LLC

Date: ......................................................... 10/24/16

Total Assessed Value (2016):................ $27,726,660

Date: ......................................................... 10/14/16

Total Assessed Value (2016):................ $16,466,200

Lot Size: .................................................... 346302sf

Total Assessed Value (2016): ..................$2,448,180

Lot Size: .................................................... 658627sf

Lot Size: ........................................................ 2614sf

Prior Sale: ................................$24,300,000 (02/11)

Prior Sale: ..................................$1,330,000 (12/88)

FAIRFIELD 10 Greenwich Ave, Greenwich...... $8,850,000* Use:............................................................. Retail-Any Buyer: ................................Greenwich Avenue Props & ..................................MBMB Greenwich Avenue LLC Seller: .....................................Greenwich Putnam LLC Date: ............................................................ 10/14/16 Total Assessed Value (2016): ........................$794,570 Lot Size: ............................................................. 871sf Prior Sale: .....................................$7,000,000 (09/03)

2 Greenwich Ave, Greenwich........ $8,850,000* Use:.............................. Mixed Use-Prim Res & Comm Buyer: ................................Greenwich Avenue Props & ..................................MBMB Greenwich Avenue LLC Seller:..................................... Greenwich Putnam LLC Date: ............................................................ 10/14/16 Total Assessed Value (2016): .....................$3,314,780 Lot Size: ........................................................... 2178sf Prior Sale: ........................................$837,000 (12/88)

12 W Putnam Ave, Greenwich........ $8,850,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer: ................................Greenwich Avenue Props & ..................................MBMB Greenwich Avenue LLC Seller: .....................................Greenwich Putnam LLC Date: ............................................................ 10/14/16 Total Assessed Value (2016):..................... $2,448,180 Lot Size: ........................................................... 2614sf Prior Sale:..................................... $1,330,000 (12/88)

225 S Water St, East Windsor......... $8,600,000 Use:............................................... Apartment Building Buyer: ....................................River Hollow Apartments Seller: ............................................... River Hollow LLC Date:............................................................ 10/17/16 Total Assessed Value (2016): .....................$2,413,360 Lot Size: ....................................................... 202990sf Prior Sale: .....................................$7,500,000 (11/04)

1431-1439 Willard Ave, Newington. $6,850,000 Use:............................................... Apartment Building Buyer:.............................................. Ebben Realty LLC Seller: ..................................... Rowaben Holdings LLC Date:............................................................ 10/31/16 Total Assessed Value (2016): .....................$3,133,960 Lot Size:....................................................... 263102sf Prior Sale: .....................................$5,100,000 (04/07)

11 Cornwall Rd, Warren................... $750,000 Use:............................................. Commercial Building Buyer:.......................... Amy B Cupp & Scott D Dragoo Seller: .................................... Rooster Tail Warren LLC Date: ............................................................ 10/24/16 Total Assessed Value (2016):......................$1,262,450 Lot Size: ....................................................... 107593sf Prior Sale: ........................................$835,000 (09/07)

24 S Main St, Kent........................... $430,000 Use:............................................. Commercial Building Buyer: ...................................... 24 S Main St Kent LLC Seller: .......................................... Sunrise Of Kent LLC Mtg:............................. Union Savings Bank $322,500 Date: ............................................................ 10/19/16 Total Assessed Value (2016): ........................$303,600 Lot Size: ......................................................... 27443sf Prior Sale: ........................................$400,000 (09/05)

600 Main St, Cromwell................. $1,020,000* Use:............................Mixed Use-Prim Comm & Other Buyer: ........................................... 3 Sones Realty LLC Seller: .......................................... Millane Nurseries Inc Mtg: ..........................Farm Credit East ACA $850,000 Date: ............................................................ 11/03/16 Total Assessed Value (2016): ........................$590,750 Lot Size: ..................................................... 2008116sf

604 Main St, Cromwell................. $1,020,000* Use:............................................. Commercial Building Buyer: ........................................... 3 Sones Realty LLC Seller: .......................................... Millane Nurseries Inc Mtg:.......................... Farm Credit East ACA $850,000 Date: ............................................................ 11/03/16 Total Assessed Value (2016):........................ $493,450 Lot Size: ......................................................... 30056sf Prior Sale:.........................................$275,000 (02/00)

HARTFORD 215 Glastonbury Blvd, Glastonbury... $26,600,000 Use:............................................. Commercial Building Buyer: ........................................Glastonbury MZL LLC Seller: ...................................Realty Associates Fund 9 Mtg: ...................... Nationwide Life Ins C $18,800,000 Date: ............................................................ 10/24/16 Total Assessed Value (2016): ...................$16,466,200 Lot Size:....................................................... 658627sf Prior Sale:................................... $24,300,000 (02/11)

LITCHFIELD 32 Windy Rdg, Sharon..................... $850,000 Use:...................................Mixed Use-Agricult & Resid Buyer: ................Carrie E Guillory & Kenneth B Wallach Seller: .....................................Cynthia L Hochswender Date: ............................................................ 10/11/16 Total Assessed Value (2016):........................ $296,220 Lot Size:....................................................... 338461sf Prior Sale: ........................................$250,000 (11/15)

MIDDLESEX 560 Washington St, Middletown..... $1,278,000 Use:............................................. Commercial Building Buyer: .................................. 560 Washington HCI LLC Seller: .................................. 560 Washington Ave LLC Mtg: .........................Shinhan Bank America $766,800 Date: ............................................................ 10/19/16 Total Assessed Value (2016): ........................$539,510 Lot Size:.......................................................... 20473sf Prior Sale: ........................................$960,000 (08/09)

*Group sales.

22 | THE COMMERCIAL RECORD | DECEMBER 2016

FEATURED PROPERTY 906 N Colony Rd, Wallingford....................................................... $2,350,000 Use:........................................................................................ Commercial Building Buyer:.................................................................................. Cumberland Farms Inc Seller: ................................................................................... Altalia Property Assoc Date: ........................................................................................................10/05/16 Total Assessed Value (2016): ................................................................ $1,427,500 Lot Size: .................................................................................................... 88862sf

NEW HAVEN 25 Boston Post Rd, Madison........... $4,347,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer: .................................................. Bruce C Beebe Seller: .................................... Emprire Real Estate LLC Mtg: .............................Essex Savings Bank $326,025 Date: ............................................................ 10/14/16 Total Assessed Value (2016):........................ $411,400 Lot Size: ......................................................... 30492sf Prior Sale: ........................................$775,000 (10/06)

906 N Colony Rd, Wallingford......... $2,350,000 Use:............................................. Commercial Building Buyer:....................................... Cumberland Farms Inc Seller: ........................................ Altalia Property Assoc Date: ............................................................ 10/05/16 Total Assessed Value (2016): .....................$1,427,500 Lot Size: ......................................................... 88862sf

30 Grandview Ct, Cheshire............. $1,425,000 Use:........................................................ Industrial Use Buyer:.............................................. Hylie Products Inc Seller: ......................................................... JNMLF LP Date: ............................................................ 10/18/16 Total Assessed Value (2016):..................... $1,101,930 Lot Size: ....................................................... 209088sf Prior Sale: ........................................$135,000 (08/96)

462 Westchester Rd, Colchester..... $385,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer: ........................ Michael K Alfeld & Emily R Alfeld Seller:...................................................... Barry K Ford Date:............................................................ 10/27/16 Total Assessed Value (2016):........................ $312,200 Lot Size: ....................................................... 130680sf Prior Sale: ........................................$145,000 (03/87)

225 Butlertown Rd, Montville.......... $330,000 Use:.................................. Forest Use-Christmas Trees Buyer: ................................................. ELK Ranch LLC Seller: ...............Robert T Misarski & Manuel J Misarski Date: ............................................................ 11/01/16 Total Assessed Value (2016):............................ $1,870 Lot Size: ....................................................... 897772sf

26 Shenipsit Lake Rd, Tolland........ $7,750,000 Use:....................................................... Other Exempt Buyer: ....................................Prospect Eldercare Svcs Seller: ...................................ECHN Eldercare Services Date:............................................................ 10/04/16 Total Assessed Value (2016): .....................$8,170,200 Lot Size: ....................................................... 278348sf

460 Hartford Tpke, Vernon............. $3,350,000 Use:.....................................................Private Hospital Buyer:.................................... Prospect Rockville Hosp Seller:...................................... Rockville General Hosp Date: ............................................................ 10/04/16 Total Assessed Value (2016):..................... $3,177,320 Lot Size: ....................................................... 143312sf Prior Sale:........................................ $965,000 (08/99)

63 Industrial Park Rd, Putnam......... $200,000 Use:..................................................Industrial Building Buyer: .............................................DMW Putnam LLC Seller: .....................................Putnam Financial Assoc Date: ............................................................ 10/19/16 Total Assessed Value (2016): ........................$252,600 Lot Size: ....................................................... 104108sf

Route 171, Woodstock..................... $175,000 Use:......................................................... Open Space Buyer: ..................................Taylor Brooke Winery LLC Seller: ..............Jon P Grosjean & Elizabeth A Grosjean Date: ............................................................ 10/31/16 Total Assessed Value (2016): ............................$2,400 Lot Size: ..................................................... 1145628sf Prior Sale: ..........................................$63,000 (09/13)

NEW LONDON Coogan Blvd, Stonington................. $885,000 Use:...................................... Commercial Vacant Land Buyer: .....................................................Shefali Moore Seller: .....................................Thure M Oja & Irja E Oja Date: ............................................................ 10/31/16 Total Assessed Value (2016):........................ $341,300 Lot Size: ....................................................... 195584sf Prior Sale:..................................... $1,000,000 (02/05)

TOLLAND 31 Union St, Vernon.......................$18,925,000 Use:....................................................... Other Exempt Buyer: .................................. Prospect Rockville Generl Seller: ......................................Rockville General Hosp Date: ............................................................ 10/04/16 Total Assessed Value (2016):................... $27,726,660 Lot Size: ....................................................... 346302sf

WINDHAM 23 Pine Crest Rdg, Woodstock....... $1,325,000 Use:............................................. Commercial Building Buyer: ................................ Romacovi Woodstock LLC Seller: ..................................................T&S Of CT LLC Date: ............................................................ 10/31/16 Total Assessed Value (2016): ........................$627,620 Lot Size:....................................................... 241758sf

DECEMBER 2016 | THE COMMERCIAL RECORD | 23

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES OCT %CHG 2015 2016 15-16 YTD

1 Family

1 1

16

45.45%

150

155

3.33%

$328,500

$282,250

-14.08%

$290,000

$295,000

1.72%

Condo

1 2

5

-58.33%

80

65

-18.75%

$255,671

$318,000

24.38%

$301,473

$278,000

-7.79%

22

-12.00%

267

276

3.37%

$328,500

$298,750

-9.06%

$300,000

$303,170

1.06%

1.31%

2016 YTD

MEDIAN PRICE

OCT 2015

%CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BETHEL

All Sales

2 5

BRIDGEPORT 1 Family

3 8

45

18.42%

402

465

15.67%

$137,500

$154,500

12.36%

$152,500

$154,500

Condo

1 1

39

254.55%

147

229

55.78%

$60,000

$98,000

63.33%

$69,900

$73,000

4.43%

131

43.96%

946

1,147

21.25%

$120,000

$127,000

5.83%

$135,000

$129,000

-4.44%

All Sales

9 1

BROOKFIELD 1 Family

1 1

14

27.27%

159

165

3.77%

$412,000

$393,500

-4.49%

$359,000

$345,000

-3.90%

Condo

4

8

100.00%

58

69

18.97%

$252,400

$279,450

10.72%

$184,000

$215,000

16.85%

1 8

25

38.89%

272

286

5.15%

$411,000

$325,000

-20.92%

$317,500

$306,000

-3.62%

1 Family

3 3

35

6.06%

331

383

15.71%

$250,000

$270,000

8.00%

$267,500

$270,000

0.93%

Condo

3 3

39

18.18%

296

337

13.85%

$165,000

$157,000

-4.85%

$192,000

$189,000

-1.56%

1 08

102

-5.56%

851

945

11.05%

$269,950

$255,000

-5.54%

$260,000

$260,000

0.00%

1 Family

2 7

22

-18.52%

316

244

-22.78%

$1,320,000

$1,267,500

-3.98% $1,400,000

$1,317,500

-5.89%

Condo

2

2

0.00%

31

19

-38.71%

3 3

26

-21.21%

380

285

-25.00%

$1,303,000

-80.00%

92

87

-5.43%

$567,000

0

0

All Sales

DANBURY

All Sales

DARIEN

All Sales

N/A

N/A $1,406,500

N/A $ 1,651,952 7.94% $1,432,500

$1,469,500 -11.04% $1,320,000

-7.85%

$610,000

3.39%

EASTON 1 Family

1 0

2

Condo

0

0

1 2

2

-83.33%

102

98

All Sales

N/A

N/A

N/A

-3.92%

$567,000

N/A -100.00% N/A

N/A

N/A -100.00%

$590,000 N/A

N/A

$590,000

$598,500

N/A 1.44%

FAIRFIELD 1 Family

6 3

52

-17.46%

640

615

-3.91%

$480,000

$586,250

22.14%

$560,000

$590,000

5.36%

Condo

6

9

50.00%

78

92

17.95%

$551,250

$360,000

-34.69%

$367,500

$337,250

-8.23%

7 5

65

-13.33%

811

804

-0.86%

$480,000

$497,000

3.54%

$530,000

$543,500

2.55%

-12.47% $1,500,000

$1,472,500

-1.83%

$671,650

3.33%

All Sales

GREENWICH 1 Family

3 0

25

-16.67%

386

306

-20.73%

$1,435,000

$1,256,000

Condo

1 6

9

-43.75%

124

102

-17.74%

$615,000

$750,000

5 1

46

-9.80%

605

478

-20.99%

$985,000

$830,000

-15.74% $1,250,000

1 Family

1 3

16

23.08%

164

165

0.61%

$370,000

$322,500

-12.84%

$349,500

$357,500

2.29%

Condo

6

3

-50.00%

56

50

-10.71%

$171,500

$222,000

29.45%

$202,000

$229,500

13.61%

2 2

22

0.00%

242

247

2.07%

$297,500

$304,000

2.18%

$317,500

$330,000

3.94%

$1,347,500

-9.64% $1,464,563

$1,455,001

-0.65%

All Sales

21.95%

$650,000

$1,100,000 -12.00%

MONROE

All Sales

NEW CANAAN 1 Family

2 0

14

-30.00%

272

184

-32.35%

$1,491,250

Condo

3

1

-66.67%

48

49

2.08%

$975,000

2 6

18

-30.77%

354

253

-28.53%

$1,322,500

$1,155,000

18

28.57%

146

176

20.55%

$370,000

$351,250

0 -100.00%

21

2

-90.48%

$265,183

21.05%

186

202

8.60%

$345,000

$342,500

All Sales

N/A -100.00%

$785,500

-12.67% $1,345,000

$545,000 -30.62% $1,310,000

-2.60%

$325,000

-7.67%

NEW FAIRFIELD 1 Family

1 4

Condo

3

All Sales

1 9

23

-5.07%

$352,000

N/A -100.00%

$289,900

N/A -100.00%

-0.72%

$322,113

$315,650

-2.01%

NEWTOWN 1 Family

2 4

32

33.33%

317

322

1.58%

$357,500

$340,500

-4.76%

$370,000

$370,000

0.00%

Condo

4

3

-25.00%

30

38

26.67%

$448,778

$268,000

-40.28%

$344,495

$329,380

-4.39%

3 0

41

36.67%

390

408

4.62%

$362,500

$325,000

-10.34%

$365,000

$365,000

0.00%

All Sales

24 | THE COMMERCIAL RECORD | DECEMBER 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORWALK 1 Family

5 3

53

0.00%

562

545

-3.02%

$487,500

$439,500

-9.85%

$453,750

$430,000

-5.23%

Condo

2 3

35

52.17%

281

294

4.63%

$265,000

$253,000

-4.53%

$270,000

$265,000

-1.85%

8 7

97

11.49%

976

993

1.74%

$400,000

$379,000

-5.25%

$380,000

$380,000

0.00%

1 Family

9

11

22.22%

97

98

1.03%

$435,000

$530,000

21.84%

$509,500

$521,500

2.36%

Condo

0

0

0

4

1 1

13

18.18%

110

121

All Sales

REDDING

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

$264,500

N/A

10.00%

$287,000

$485,000

68.99%

$509,500

$510,000

0.10%

RIDGEFIELD 1 Family

2 7

34

25.93%

269

286

6.32%

$660,000

$547,000

-17.12%

$650,000

$636,500

-2.08%

Condo

7

9

28.57%

69

59

-14.49%

$215,000

$216,000

0.47%

$222,000

$220,000

-0.90%

3 6

46

27.78%

362

371

2.49%

$606,000

$504,750

-16.71%

$590,000

$597,500

1.27%

1 Family

2 9

38

31.03%

285

301

5.61%

$285,000

$337,500

18.42%

$295,000

$320,000

8.47%

Condo

1 4

16

14.29%

142

129

-9.15%

$251,500

$260,500

3.58%

$263,500

$250,000

-5.12%

67

31.37%

493

513

4.06%

$262,000

$335,000

27.86%

$295,000

$306,500

3.90%

-50.00%

54

38

-29.63%

$681,500

$307,500

-54.88%

$447,000

$442,500

-1.01%

0

0

All Sales

SHELTON

All Sales

5 1

SHERMAN 1 Family

8

4

Condo

0

0

8

6

-25.00%

59

45

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

-23.73%

$681,500

$307,500

-54.88%

$425,000

$399,900

-5.91%

-1.03%

STAMFORD 1 Family

6 4

54

-15.63%

593

592

-0.17%

$615,125

$537,825

-12.57%

$560,000

$554,250

Condo

5 4

67

24.07%

467

547

17.13%

$296,750

$309,000

4.13%

$295,000

$312,000

5.76%

1 46

155

6.16% 1,271

1,404

10.46%

$491,250

$400,000

-18.58%

$434,000

$432,125

-0.43%

All Sales

STRATFORD 1 Family

4 4

67

52.27%

431

504

16.94%

$194,500

$228,000

17.22%

$225,000

$229,950

2.20%

Condo

1 6

16

0.00%

128

130

1.56%

$171,250

$170,000

-0.73%

$176,761

$168,500

-4.67%

101

44.29%

674

761

12.91%

$189,750

$212,000

11.73%

$213,000

$212,500

-0.23%

$365,000

$349,000

-4.38%

$360,000

$360,000

0.00%

N/A $323,700

$300,000

-7.32%

All Sales

7 0

TRUMBULL 1 Family

4 4

43

-2.27%

345

441

27.83%

Condo

1

2

100.00%

30

29

-3.33%

4 9

46

-6.12%

407

488

19.90%

$360,000

$338,450

-5.99%

$350,101

$355,000

1.40%

1 Family

7

14

100.00%

141

144

2.13%

$607,000

$818,500

34.84%

$807,600

$757,500

-6.20%

Condo

0

0

0

0

7

18

157.14%

156

155

All Sales

N/A

N/A

WESTON

All Sales

N/A

N/A

N/A

N/A

-0.64%

$607,000

$762,500

$1,125,000

$1,620,000

N/A 25.62%

N/A

N/A

N/A

$797,500

$753,500

-5.52%

44.00% $1,187,500

$1,245,000

4.84%

N/A $622,750

$642,500

3.17%

15.79% $1,099,500

$1,175,000

6.87%

$777,000

-8.80%

WESTPORT 1 Family

3 0

19

-36.67%

315

298

-5.40%

Condo

2

2

0.00%

23

18

-21.74%

3 7

25

-32.43%

388

358

-7.73%

$950,000

$1,100,000

1 Family

1 0

14

40.00%

190

184

-3.16%

$595,350

$762,500

Condo

1

1

0.00%

33

28

-15.15%

1 3

16

23.08%

246

228

-7.32%

$617,000

$660,000

6.97%

$807,500

$717,000 -11.21%

All Sales

N/A

N/A

WILTON

All Sales

N/A

N/A

28.08%

$852,000

N/A $409,000

$338,250 -17.30%

FAIRFIELD COUNTY 1 Family

6 19

642

3.72% 6,657

6,698

0.62%

$445,000

$395,000

-11.24%

$470,000

$430,000

-8.51%

Condo

2 18

266

22.02% 2,142

2,290

6.91%

$270,500

$222,500

-17.74%

$270,000

$252,000

-6.67%

1 ,025 1,113

8.59% 10,548

10,866

3.01%

$380,000

$330,000

-13.16%

$386,750

$361,000

-6.66%

All Sales

DECEMBER 2016 | THE COMMERCIAL RECORD | 25

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2 2 3 3 1

18 11 33

-18.18% 266.67% 6.45%

209 118 358

2 6 6 4 0

20 7 34

-23.08% 16.67% -15.00%

1 6 4 2 4

20 8 29

4 2 1 1 6 2

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

210 95 327

0.48% -19.49% -8.66%

$475,500 $275,000 $454,500

$365,750 $191,000 $255,000

-23.08% -30.55% -43.89%

$449,000 $210,000 $335,000

$410,500 $200,000 $332,000

-8.57% -4.76% -0.90%

149 46 235

151 41 220

1.34% -10.87% -6.38%

$274,000 $297,000 $284,000

$247,000 $225,000 $222,500

-9.85% -24.24% -21.65%

$255,000 $234,900 $247,500

$250,000 $231,000 $241,250

-1.96% -1.66% -2.53%

25.00% 100.00% 20.83%

200 55 279

211 53 289

5.50% -3.64% 3.58%

$160,875 $203,250 $168,750

$162,475 $244,375 $176,000

0.99% 20.23% 4.30%

$178,875 $178,000 $179,900

$176,000 $235,000 $195,000

-1.61% 32.02% 8.39%

42 10 68

0.00% -9.09% 9.68%

426 82 617

464 104 709

8.92% 26.83% 14.91%

$168,000 $90,000 $146,950

$168,150 $121,500 $162,000

0.09% 35.00% 10.24%

$178,600 $106,000 $166,100

$174,000 $106,000 $162,000

-2.58% 0.00% -2.47%

1 2 0 1 5

10 0 15

-16.67% N/A 0.00%

102 1 120

91 2 115

-10.78% 100.00% -4.17%

$277,950 N/A $276,900

$303,000 9.01% $298,750 N/A N/A N/A $370,000 33.62% $295,000

$268,000 -10.29% N/A N/A $290,000 -1.69%

7 2 1 0

14 5 21

100.00% 150.00% 110.00%

89 36 146

97 34 145

8.99% -5.56% -0.68%

$285,000 N/A $275,000

$278,750 $128,340 $240,000

-2.19% $315,000 N/A $193,250 -12.73% $283,475

$308,000 -2.22% $149,200 -22.79% $269,000 -5.11%

7 3 11

40.00% 50.00% 57.14%

44 10 61

67 10 85

52.27% 0.00% 39.34%

$286,500 N/A $286,500

$257,500 $200,000 $257,500

-10.12% $252,000 N/A $121,450 -10.12% $254,000

$257,500 $173,500 $253,575

2.18% 42.86% -0.17%

47 6 70

14.63% 200.00% 20.69%

357 40 506

411 38 577

15.13% -5.00% 14.03%

$140,000 N/A $133,000

$148,300 $89,750 $142,500

5.93% $134,900 N/A $52,500 7.14% $131,375

$149,000 $96,500 $144,900

10.45% 83.81% 10.29%

7 1 1 0

12 8 25

71.43% 700.00% 150.00%

80 39 156

79 33 155

-1.25% -15.38% -0.64%

$182,000 N/A $157,500

$220,250 $145,950 $182,500

21.02% $185,750 N/A $154,900 15.87% $160,500

$210,000 $148,000 $170,000

13.06% -4.45% 5.92%

3 8 1 3 5 7

41 10 61

7.89% -23.08% 7.02%

394 102 545

402 102 571

2.03% 0.00% 4.77%

$156,950 $130,000 $159,900

$173,000 $158,750 $175,000

10.23% 22.12% 9.44%

$166,175 $137,500 $163,000

$169,750 $141,450 $165,000

2.15% 2.87% 1.23%

21 19 44

16.67% 26.67% 15.79%

177 140 362

196 154 386

10.73% 10.00% 6.63%

$430,000 $169,900 $377,157

$373,500 $155,000 $265,000

-13.14% -8.77% -29.74%

$350,000 $187,450 $278,000

$345,500 $185,750 $265,255

-1.29% -0.91% -4.58%

3 2 1 7 5 6

35 14 56

9.38% -17.65% 0.00%

334 119 517

397 119 571

18.86% 0.00% 10.44%

$360,000 $150,000 $246,000

$359,800 $133,250 $279,000

-0.06% -11.17% 13.41%

$354,500 $169,900 $300,000

$345,000 $170,000 $310,000

-2.68% 0.06% 3.33%

1 3 1 1 7

14 7.69% 0 -100.00% 19 11.76%

131 16 167

125 11 166

-4.58% -31.25% -0.60%

$217,000 N/A $199,900

$235,550 8.55% $270,000 N/A N/A $172,450 $270,000 35.07% $260,000

$269,500 $190,000 $262,000

-0.19% 10.18% 0.77%

23 5 60

210 93 608

236 91 693

12.38% -2.15% 13.98%

$103,000 $30,000 $110,000

$125,000 21.36% $75,000 150.00% $144,000 30.91%

$123,000 14.69% $47,500 -13.64% $130,000 13.04%

16 0 17

10 0 11

-37.50% N/A -35.29%

AVON 1 Family Condo All Sales

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

BURLINGTON 1 Family Condo All Sales

CANTON 1 Family Condo All Sales

EAST GRANBY 1 Family Condo All Sales

5 2 7

EAST HARTFORD 1 Family Condo All Sales

4 1 2 5 8

EAST WINDSOR 1 Family Condo All Sales

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

1 8 1 5 3 8

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

2 3 1 1 7 7

0.00% -54.55% -22.08%

$107,250 $55,000 $115,000

HARTLAND 1 Family Condo All Sales

0 0 0

1 0 1

N/A N/A N/A

26 | THE COMMERCIAL RECORD | DECEMBER 2016

N/A N/A N/A

N/A N/A N/A

N/A $235,000 N/A N/A N/A $255,000

$260,000 10.64% N/A N/A $255,000 0.00%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

MANCHESTER 1 Family Condo All Sales

4 5 1 1 7 3

57 11 85

26.67% 0.00% 16.44%

410 75 583

466 85 692

13.66% 13.33% 18.70%

$155,000 $127,000 $155,000

$172,000 $126,500 $168,750

69 7 91

69 2 78

10.97% -0.39% 8.87%

$162,000 $119,000 $156,500

$167,000 3.09% $102,000 -14.29% $163,500 4.47%

0.00% -71.43% -14.29%

$300,000 N/A $270,000

$211,000 -29.67% $270,000 N/A N/A $203,000 $206,000 -23.70% $236,000

$272,500 0.93% N/A - 100.00% $269,650 14.26%

MARLBOROUGH 1 Family Condo All Sales

4 0 5

4 0 5

0.00% N/A 0.00%

NEW BRITAIN 1 Family Condo All Sales

3 6 4 6 3

44 6 76

22.22% 50.00% 20.63%

301 60 560

337 51 644

11.96% -15.00% 15.00%

$129,750 $60,500 $121,000

$142,450 $48,500 $141,450

9.79% -19.83% 16.90%

$128,000 $73,750 $127,000

$135,000 5.47% $65,000 -11.86% $132,700 4.49%

25 16 44

-3.85% 33.33% 2.33%

240 103 387

237 140 419

-1.25% 35.92% 8.27%

$212,500 $114,450 $205,000

$200,000 $134,000 $191,750

-5.88% 17.08% -6.46%

$210,000 $140,000 $196,000

$210,000 $135,200 $191,000

18 3 26

0.00% -50.00% -7.14%

128 46 206

121 42 203

-5.47% -8.70% -1.46%

$148,500 $90,130 $145,000

$167,550 $60,000 $164,550

12.83% -33.43% 13.48%

$177,750 $145,250 $175,500

$181,000 1.83% $118,744 -18.25% $175,000 -0.28%

9 14 28

0.00% 40.00% 27.27%

99 96 219

112 127 268

13.13% 32.29% 22.37%

$237,000 $153,750 $207,450

$284,000 $149,500 $276,500

19.83% -2.76% 33.29%

$238,500 $165,000 $196,000

$292,000 $165,000 $224,000

22.43% 0.00% 14.29%

31 6 39

72.22% 0.00% 25.81%

250 63 334

325 66 407

30.00% 4.76% 21.86%

$285,950 $233,750 $301,000

$322,400 $151,750 $305,000

12.75% -35.08% 1.33%

$317,250 $164,000 $295,000

$318,000 $163,750 $300,000

0.24% -0.15% 1.69%

22 13 36

-18.52% 30.00% -5.26%

195 100 322

207 100 335

6.15% 0.00% 4.04%

$249,900 $177,500 $244,450

$255,750 $160,000 $195,000

2.34% -9.86% -20.23%

$263,000 $151,000 $238,750

$262,000 $159,500 $231,000

-0.38% 5.63% -3.25%

3 1 8 5 1

33 12 55

6.45% 50.00% 7.84%

298 73 469

338 87 515

13.42% 19.18% 9.81%

$227,000 $176,000 $218,000

$280,000 $172,450 $263,500

23.35% -2.02% 20.87%

$245,000 $179,500 $229,900

$268,075 9.42% $155,000 -13.65% $240,000 4.39%

1 5 6 2 5

16 5 24

6.67% -16.67% -4.00%

117 37 196

120 43 204

2.56% 16.22% 4.08%

$252,500 $144,900 $250,000

$305,000 $228,000 $313,500

20.79% 57.35% 25.40%

$284,500 $155,000 $272,700

$297,500 $184,000 $250,000

67 5 86

11.67% -44.44% 16.22%

593 121 785

678 114 891

14.33% -5.79% 13.50%

$274,450 $172,000 $271,000

$302,816 $220,000 $303,908

10.34% 27.91% 12.14%

$300,000 $238,250 $295,000

$300,750 0.25% $210,563 -11.62% $289,900 -1.73%

2 7 6 3 5

30 6 41

11.11% 0.00% 17.14%

273 53 363

328 42 398

20.15% -20.75% 9.64%

$213,500 $94,751 $184,000

$258,500 $155,250 $262,000

21.08% 63.85% 42.39%

$225,000 $141,500 $211,000

$230,000 $129,500 $224,900

2.22% -8.48% 6.59%

2 2 5 3 2

30 3 38

36.36% -40.00% 18.75%

247 45 333

290 57 399

17.41% 26.67% 19.82%

$193,581 $209,000 $193,581

$229,200 $267,000 $229,200

18.40% 27.75% 18.40%

$185,000 $188,500 $185,000

$187,950 $180,000 $185,000

1.59% -4.51% 0.00%

11 6 21

-21.43% 50.00% -8.70%

102 29 164

116 29 183

13.73% 0.00% 11.59%

$152,500 $98,950 $145,000

$164,900 $154,000 $164,900

8.13% 55.63% 13.72%

$156,950 $124,000 $156,450

$165,000 $130,000 $167,000

5.13% 4.84% 6.74%

10.40% 6,240 14.59% 1,805 10.14% 9,706

6,891 1,872 10,656

10.43% 3.71% 9.79%

$200,000 $140,000 $181,000

$216,000 $150,000 $200,000

8.00% 7.14% 10.50%

$212,000 $155,000 $195,000

$220,000 $150,000 $200,000

3.77% -3.23% 2.56%

NEWINGTON 1 Family Condo All Sales

2 6 1 2 4 3

0.00% -3.43% -2.55%

PLAINVILLE 1 Family Condo All Sales

1 8 6 2 8

ROCKY HILL 1 Family Condo All Sales

9 1 0 2 2

SIMSBURY 1 Family Condo All Sales

1 8 6 3 1

SOUTH WINDSOR 1 Family Condo All Sales

2 7 1 0 3 8

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

4.57% 18.71% -8.32%

WEST HARTFORD 1 Family Condo All Sales

6 0 9 7 4

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

1 4 4 2 3

HARTFORD COUNTY 1 Family Condo All Sales

6 54 722 1 85 212 1 ,045 1,151

DECEMBER 2016 | THE COMMERCIAL RECORD | 27

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BARKHAMSTED 1 Family Condo All Sales

6 0 8

3 0 3

-50.00% N/A -62.50%

35 0 45

27 0 37

-22.86% N/A -17.78%

$232,000 N/A $195,750

$242,000 4.31% $225,000 N/A N/A N/A $242,000 23.63% $205,000

$257,500 14.44% N/A N/A $257,500 25.61%

4 0 5

100.00% N/A 66.67%

31 0 34

28 0 37

-9.68% N/A 8.82%

N/A N/A $314,500

$290,000 N/A $295,000

N/A $250,000 N/A N/A -6.20% $251,000

$257,500 3.00% N/A N/A $250,000 -0.40%

N/A N/A $570,000

N/A N/A $437,500 N/A N/A N/A $405,000 -28.95% $437,500

$320,000 -26.86% N/A N/A $330,000 -24.57%

BETHLEHEM 1 Family Condo All Sales

2 0 3

BRIDGEWATER 1 Family Condo All Sales

2 1 3

2 0.00% 0 -100.00% 3 0.00%

18 2 24

18 0 29

0.00% -100.00% 20.83%

1 0 2

1 0 2

0.00% N/A 0.00%

8 0 13

12 0 17

50.00% N/A 30.77%

N/A N/A N/A

2 0 3

-33.33% N/A 0.00%

14 0 17

19 0 22

35.71% N/A 29.41%

$275,000 N/A $275,000

1 0 2

2 0 2

100.00% N/A 0.00%

8 0 16

15 0 21

87.50% N/A 31.25%

N/A N/A N/A

5 0 7

6 0 8

20.00% N/A 14.29%

48 0 65

51 1 65

6.25% N/A 0.00%

CANAAN 1 Family Condo All Sales

N/A N/A N/A

N/A $262,000 N/A N/A N/A $285,000

$225,000 -14.12% N/A N/A $220,000 -22.81%

N/A -100.00% $190,000 N/A N/A N/A $241,000 -12.36% $215,000

$199,500 5.00% N/A N/A $212,800 -1.02%

COLEBROOK 1 Family Condo All Sales

3 0 3

CORNWALL 1 Family Condo All Sales

N/A N/A N/A

N/A $322,500 N/A N/A N/A $153,500

$300,000 -6.98% N/A N/A $390,000 154.07%

$250,000 N/A $250,000

$318,000 27.20% $312,500 N/A N/A N/A $318,000 27.20% $300,000

$305,000 -2.40% N/A N/A $300,000 0.00%

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

8 2 1 1

6 -25.00% 0 -100.00% 8 -27.27%

55 2 86

66 1 88

20.00% -50.00% 2.33%

$206,000 N/A $212,000

$270,000 31.07% $224,000 N/A N/A N/A $270,000 27.36% $202,500

$258,000 15.18% N/A N/A $252,500 24.69%

7 2 1 0

2 -71.43% 0 -100.00% 4 -60.00%

31 10 50

26 7 50

-16.13% -30.00% 0.00%

$380,000 N/A $210,750

N/A -100.00% $315,000 N/A N/A $165,000 $330,154 56.66% $280,000

$339,750 $169,900 $283,000

60.00% 300.00% 45.45%

53 6 95

66 13 114

24.53% 116.67% 20.00%

$106,000 N/A $375,000

$263,375 148.47% $275,000 $316,000 N/A $322,000 $315,000 -16.00% $274,000

$285,500 3.82% $257,000 -20.19% $300,000 9.49%

-50.00% N/A -14.29%

31 0 37

13 0 23

-58.06% N/A -37.84%

$335,000 N/A $305,000

$182,000 -45.67% $263,000 N/A N/A N/A $220,000 -27.87% $250,000

$247,000 -6.08% N/A N/A $225,000 -10.00%

67 7 93

50 5 78

-25.37% -28.57% -16.13%

$180,750 N/A $166,750

$280,000 54.91% $230,000 N/A N/A $99,750 $267,500 60.42% $207,500

$230,500 $113,500 $204,000

0.22% 13.78% -1.69%

230 69 356

249 55 373

8.26% -20.29% 4.78%

$280,000 $111,225 $237,500

$267,950 -4.30% $228,000 104.99% $260,450 9.66%

$270,000 $135,000 $249,000

-3.57% 21.38% 5.96%

20 0 26

18 0 26

-10.00% N/A 0.00%

$234,500 N/A $234,500

$340,000 44.99% $229,000 N/A N/A N/A $420,000 79.10% $190,000

KENT 1 Family Condo All Sales

7.86% 2.97% 1.07%

LITCHFIELD 1 Family Condo All Sales

5 1 1 1

8 4 16

6 0 7

3 0 6

MORRIS 1 Family Condo All Sales

NEW HARTFORD 1 Family Condo All Sales

1 0 2 1 6

7 -30.00% 0 -100.00% 10 -37.50%

NEW MILFORD 1 Family Condo All Sales

3 2 7 4 7

20 9 36

6 0 6

3 0 4

-37.50% 28.57% -23.40%

$280,000 $111,225 $235,000

NORFOLK 1 Family Condo All Sales

-50.00% N/A -33.33%

28 | THE COMMERCIAL RECORD | DECEMBER 2016

$200,000 -12.66% N/A N/A $200,000 5.26%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORTH CANAAN 1 Family

4

5

Condo

0

0

6

7

All Sales

25.00%

19

29

0

1

16.67%

31

46

N/A

52.63% N/A

$112,250 N/A

$139,900 N/A

24.63% N/A

$127,500 N/A

$149,000 N/A

16.86% N/A

48.39%

$126,250

$139,900

10.81%

$132,812

$147,000

10.68%

$129,000

$186,000

44.19%

$161,250

$167,250

3.72%

PLYMOUTH 1 Family

9

13

44.44%

80

92

15.00%

Condo

1

1

0.00%

8

11

37.50%

1 3

16

23.08%

111

127

14.41%

$140,000

1 Family

3

1

-66.67%

27

25

-7.41%

$525,000

Condo

0

0

0

0

4

2

-50.00%

41

36

50.00%

27

41

51.85%

N/A

1

4

300.00%

N/A

All Sales

ROXBURY

All Sales

N/A

N/A $165,500

N/A $122,420

$90,000 -26.48%

18.21%

$158,000

$154,900

-1.96%

N/A -100.00%

$545,000

$495,000

-9.17%

N/A N/A

N/A -12.20%

N/A $509,275

N/A

N/A

N/A -100.00%

N/A $420,000

N/A $438,500

N/A 4.40%

SALISBURY 1 Family

2

3

Condo

0

1

2

9

350.00%

41

58

41.46%

N/A

$290,000

N/A $412,500

$337,750 -18.12%

1 Family

2

6

200.00%

32

40

25.00%

N/A

$315,000

N/A $330,500

$325,000

Condo

0

0

1

1

0.00%

N/A

4

8

100.00%

48

54

12.50%

$309,950

$350,000

12.92%

$287,000

$315,000

9.76%

$158,000

$210,000

32.91%

$196,350

$210,000

6.95%

All Sales

N/A

$400,000 N/A

N/A $500,000

$400,000 -20.00%

N/A

$317,750

N/A

N/A

SHARON

All Sales

N/A

N/A

N/A

N/A

N/A

-1.66% N/A

THOMASTON 1 Family

3

5

66.67%

42

43

2.38%

Condo

1

2

100.00%

8

12

50.00%

6

9

50.00%

65

66

1.54%

$115,000

$177,500

All Sales

N/A

N/A

N/A $107,000

$84,950 -20.61%

54.35%

$183,750

$185,000

0.68%

$132,250

5.80%

TORRINGTON 1 Family

2 9

22

-24.14%

268

320

19.40%

$145,000

$143,000

-1.38%

$125,000

Condo

1 1

14

27.27%

64

78

21.88%

$80,000

$61,750

-22.81%

$80,000

5 1

47

-7.84%

395

506

28.10%

$117,000

$85,000

-27.35%

$115,000

1 Family

2

3

50.00%

15

19

26.67%

Condo

0

0

0

0

2

9

350.00%

21

32

All Sales

$66,750 -16.56% $115,000

0.00%

WARREN

All Sales

N/A

N/A 52.38%

N/A N/A N/A

$957,500 N/A $300,000

N/A $265,000 N/A

N/A

N/A $265,000

$560,000 111.32% N/A $300,000

N/A 13.21%

WASHINGTON 1 Family

5

6

20.00%

43

50

16.28%

Condo

1

0 -100.00%

7

1

-85.71% -5.80%

$290,500

$300,000

3.27%

$500,000

$460,000

$186,000

$164,000

-11.83%

$197,500

$189,950

-3.82%

N/A $137,000

$163,500

19.34% 0.00%

All Sales

8

$261,000 N/A

$408,600 N/A

56.55%

$600,000

N/A $250,000

$500,000 -16.67% N/A -100.00%

7

-12.50%

69

65

-8.00%

-27.78%

200

192

-4.00%

16

23

43.75% 1.86%

$190,000

$175,500

-7.63%

$185,000

$185,000

$137,000

$130,000

-5.11%

$135,000

$147,000

8.89%

$52,450

$69,500

32.51%

WATERTOWN 1 Family

1 8

13

Condo

0

3

2 3

18

-21.74%

269

274

42.86%

91

91

0.00%

6

8

33.33%

75.00%

119

140

17.65%

$121,653

$130,000

6.86%

$130,000

$134,750

3.65%

$266,125

-26.08%

$275,000

$316,000

14.91%

N/A -100.00%

$103,000

$130,000

26.21%

All Sales

N/A

N/A

$240,000

WINCHESTER 1 Family

7

10

Condo

0

0

8

14

All Sales

N/A

N/A

N/A

N/A

WOODBURY 1 Family

8

12

50.00%

72

79

9.72%

$360,000

Condo

3

2

-33.33%

43

27

-37.21%

$70,100

1 3

20

53.85%

136

136

0.00%

$315,000

$270,000

-14.29%

$250,000

$276,000

10.40%

-9.68% 1,565

All Sales

LITCHFIELD COUNTY 1 Family

1 86

168

Condo

3 2

36

2 76

276

All Sales

1,679

7.28%

$199,500

$238,000

19.30%

$215,000

$219,600

2.14%

250

248

-0.80%

$107,500

$131,808

22.61%

$106,000

$113,500

7.08%

0.00% 2,303

2,520

9.42%

$190,000

$223,750

17.76%

$192,000

$193,750

0.91%

12.50%

DECEMBER 2016 | THE COMMERCIAL RECORD | 29

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

CHESTER 1 Family Condo All Sales

4 1 5

4 0.00% 0 -100.00% 4 -20.00%

40 2 47

42 0 47

5.00% -100.00% 0.00%

$247,750 N/A $275,000

$342,150 38.10% $320,625 N/A N/A N/A $342,150 24.42% $311,000

$265,250 -17.27% N/A N/A $262,000 -15.76%

$278,800 N/A $257,000

$227,500 -18.40% $255,000 N/A N/A $148,750 $215,500 -16.15% $242,250

$259,450 $151,500 $235,000

1.75% 1.85% -2.99%

$217,500 $107,000 $187,500

$202,500 $129,500 $176,510

$223,500 $127,500 $180,000

$255,000 $132,000 $179,000

14.09% 3.53% -0.56%

5.81% $225,000 N/A $141,225 6.31% $223,000

$234,950 $138,000 $234,900

4.42% -2.28% 5.34%

CLINTON 1 Family Condo All Sales

1 6 1 2 0

18 2 22

12.50% 100.00% 10.00%

146 16 182

154 31 220

5.48% 93.75% 20.88%

6 6 18

-40.00% -33.33% -30.77%

90 98 223

98 107 238

8.89% 9.18% 6.73%

6 2 9

4 2 7

-33.33% 0.00% -22.22%

37 8 50

48 7 63

29.73% -12.50% 26.00%

$228,000 N/A $222,000

$241,250 N/A $236,000

5 1 7

7 1 10

40.00% 0.00% 42.86%

53 7 70

72 5 89

35.85% -28.57% 27.14%

$290,000 N/A $290,000

$240,000 -17.24% $315,000 N/A N/A $229,000 $260,690 -10.11% $289,450

$276,500 -12.22% $160,000 -30.13% $280,000 -3.26%

18 28.57% 0 -100.00% 23 35.29%

91 5 127

114 3 145

25.27% -40.00% 14.17%

$188,200 N/A $180,000

$247,750 31.64% $212,000 N/A N/A $150,000 $257,000 42.78% $200,000

$250,950 $203,677 $230,000

18.37% 35.78% 15.00%

2 4 3 2 8

17 1 23

144 23 183

137 12 181

-4.86% -47.83% -1.09%

$235,750 $155,000 $213,750

$285,000 20.89% N/A -100.00% $280,000 30.99%

$260,000 $146,500 $255,000

8.33% 10.98% 12.14%

9 0 1 1

11 1 16

22.22% N/A 45.45%

54 13 86

71 15 102

31.48% 15.38% 18.60%

$385,000 N/A $385,000

$262,000 -31.95% $374,700 N/A N/A $220,500 $239,000 -37.92% $334,950

$310,000 -17.27% $215,000 -2.49% $275,254 -17.82%

4 0 5

11 0 14

175.00% N/A 180.00%

65 0 91

99 0 116

52.31% N/A 27.47%

$279,950 N/A $245,000

$285,000 1.80% $252,500 N/A N/A N/A $291,250 18.88% $232,500

$260,000 2.97% N/A N/A $253,450 9.01%

5 0 6

25.00% N/A 0.00%

59 0 66

76 0 82

28.81% N/A 24.24%

$348,675 N/A $348,675

$330,000 -5.36% $365,000 N/A N/A N/A $302,500 -13.24% $367,500

$325,000 -10.96% N/A N/A $325,000 -11.56%

11 0 12

37.50% N/A 50.00%

41 3 50

45 4 60

9.76% 33.33% 20.00%

$355,000 N/A $355,000

$220,000 -38.03% $250,000 N/A N/A $197,500 $230,000 -35.21% $240,000

$250,000 $198,450 $249,950

28 15 50

-3.45% 50.00% 8.70%

278 96 433

257 117 453

-7.55% 21.88% 4.62%

$200,000 $97,000 $161,700

$173,500 $96,000 $160,000

-13.25% -1.03% -1.05%

$199,950 $114,000 $174,900

$213,000 6.53% $101,000 -11.40% $170,000 -2.80%

17 -10.53% 0 -100.00% 21 -12.50%

170 22 218

120 11 174

-29.41% -50.00% -20.18%

$280,000 $389,500 $334,000

$420,000 50.00% N/A -100.00% $360,000 7.78%

$342,250 $347,000 $335,500

$368,500 $350,000 $350,000

7.67% 0.86% 4.32%

89 19 129

90 16 135

1.12% -15.79% 4.65%

$195,750 N/A $193,000

$187,500 $184,450 $175,000

-4.21% $202,000 N/A $170,000 -9.33% $199,000

$232,000 $187,250 $219,000

14.85% 10.15% 10.05%

CROMWELL 1 Family Condo All Sales

1 0 9 2 6

-6.90% 21.03% -5.86%

DEEP RIVER 1 Family Condo All Sales

DURHAM 1 Family Condo All Sales

EAST HADDAM 1 Family Condo All Sales

1 4 1 1 7

EAST HAMPTON 1 Family Condo All Sales

-29.17% -66.67% -17.86%

$240,000 $132,000 $227,400

ESSEX 1 Family Condo All Sales

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

4 0 6

MIDDLEFIELD 1 Family Condo All Sales

8 0 8

0.00% 0.48% 4.15%

MIDDLETOWN 1 Family Condo All Sales

2 9 1 0 4 6

OLD SAYBROOK 1 Family Condo All Sales

1 9 4 2 4

PORTLAND 1 Family Condo All Sales

1 2 2 1 7

4 4 9

-66.67% 100.00% -47.06%

30 | THE COMMERCIAL RECORD | DECEMBER 2016

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

5 1 20

45 5 79

800.00% 400.00% 295.00%

3.05% 1,362 -2.94% 313 8.73% 1,975

1,468 333 2,184

7.78% 6.39% 10.58%

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

WESTBROOK 1 Family Condo All Sales

0 0 0

8 1 14

N/A N/A N/A

N/A N/A N/A

$290,000 N/A $275,625

N/A $145,000 N/A N/A N/A $7,250

$295,000 103.45% $382,000 N/A $266,250 3572.41%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 64 3 4 2 29

169 33 249

$239,500 $118,375 $222,000

$256,000 $126,000 $240,000

6.89% 6.44% 8.11%

$249,900 $137,500 $229,000

$260,000 $131,000 $235,000

4.04% -4.73% 2.62%

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DECEMBER 2016 | THE COMMERCIAL RECORD | 31

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANSONIA 1 Family Condo All Sales

1 0 1 1 9

14 40.00% 0 -100.00% 24 26.32%

112 3 185

133 4 200

18.75% 33.33% 8.11%

$169,813 N/A $167,000

$189,250 11.45% $167,728 N/A N/A $66,200 $184,000 10.18% $160,550

$180,000 $107,500 $175,000

7.32% 62.39% 9.00%

$231,000 $308,699 $244,900

7.44% 22.99% 6.94%

BEACON FALLS 1 Family Condo All Sales

7 0 1 3

5 2 9

-28.57% N/A -30.77%

41 15 75

47 15 79

14.63% 0.00% 5.33%

$224,000 N/A $224,000

$222,500 N/A $231,000

-0.67% $215,000 N/A $251,000 3.13% $229,000

4 0 4

6 0 10

50.00% N/A 150.00%

35 0 39

55 0 62

57.14% N/A 58.97%

$342,500 N/A $342,500

$314,500 -8.18% $339,000 N/A N/A N/A $237,500 -30.66% $350,000

$323,000 -4.72% N/A N/A $312,000 -10.86%

28 16 59

47.37% 6.67% 47.50%

180 158 407

190 137 396

5.56% -13.29% -2.70%

$290,000 $140,000 $261,500

$294,000 $172,500 $255,000

1.38% 23.21% -2.49%

$319,000 $152,000 $240,000

$306,443 $154,500 $231,000

-3.94% 1.64% -3.75%

3 8 4 4 8

23 9 38

-39.47% 125.00% -20.83%

266 53 354

250 61 358

-6.02% 15.09% 1.13%

$294,500 $149,500 $299,450

$266,000 $150,000 $252,500

-9.68% 0.33% -15.68%

$315,500 $152,500 $290,000

$302,000 $167,500 $280,000

-4.28% 9.84% -3.45%

7 4 1 7

5 1 15

-28.57% -75.00% -11.76%

70 31 139

68 33 148

-2.86% 6.45% 6.47%

$170,000 $127,900 -24.76% $137,250 -100.00% $126,000 $114,000 -9.52%

$160,500 $130,000 $138,600

$184,250 $125,500 $155,000

14.80% -3.46% 11.83%

27 13 44

-12.90% 116.67% 7.32%

231 65 328

250 91 382

8.23% 40.00% 16.46%

$195,000 $274,358 $195,000

$172,900 $115,000 $170,950

-11.33% -58.08% -12.33%

$180,000 $119,700 $174,000

$180,500 $133,000 $175,000

0.28% 11.11% 0.57%

2 5 3 3 2

27 3 32

8.00% 0.00% 0.00%

224 29 289

226 27 286

0.89% -6.90% -1.04%

$400,000 $168,000 $364,250

$435,000 $140,000 $411,000

8.75% -16.67% 12.83%

$358,750 $233,500 $350,000

$353,500 -1.46% $117,000 -49.89% $335,500 -4.14%

4 6 7 6 2

42 15 62

-8.70% 114.29% 0.00%

377 95 547

454 104 638

20.42% 9.47% 16.64%

$158,950 $85,000 $150,350

$154,750 $110,500 $149,950

-2.64% 30.00% -0.27%

$195,000 $119,900 $180,000

$188,500 $112,000 $175,750

-3.33% -6.59% -2.36%

1 7 3 2 0

21 2 26

23.53% -33.33% 30.00%

218 20 263

226 17 267

3.67% -15.00% 1.52%

$372,500 $142,000 $369,975

$337,500 -9.40% N/A -100.00% $343,250 -7.22%

$400,000 $236,000 $395,000

$400,000 $245,000 $378,000

0.00% 3.81% -4.30%

3 5 1 0 6 2

59 12 87

68.57% 20.00% 40.32%

393 94 616

467 123 743

18.83% 30.85% 20.62%

$157,000 $91,900 $140,000

$143,000 $86,250 $132,000

-8.92% -6.15% -5.71%

$150,000 $91,425 $135,000

$155,000 $93,000 $135,000

3.33% 1.72% 0.00%

3 3 1 0

9 4 19

200.00% 33.33% 90.00%

64 17 109

71 17 128

10.94% 0.00% 17.43%

$247,000 $447,500 $430,582

$288,000 $427,000 $352,262

16.60% -4.58% -18.19%

$277,500 $358,000 $303,000

$270,500 $439,000 $289,000

-2.52% 22.63% -4.62%

4 0 1 8 6 6

42 18 73

5.00% 0.00% 10.61%

435 147 665

479 161 736

10.11% 9.52% 10.68%

$245,000 $188,750 $245,000

$336,500 $173,750 $274,900

37.35% -7.95% 12.20%

$273,000 $187,500 $259,000

$280,000 $170,500 $261,500

2.56% -9.07% 0.97%

16 4 29

-23.81% -20.00% -14.71%

243 51 357

252 51 364

3.70% 0.00% 1.96%

$169,000 $50,000 $146,000

$151,500 $56,000 $135,000

-10.36% 12.00% -7.53%

$155,000 $59,900 $139,000

$160,000 $69,000 $148,000

3.23% 15.19% 6.47%

BETHANY 1 Family Condo All Sales

BRANFORD 1 Family Condo All Sales

1 9 1 5 4 0

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

3 1 6 4 1

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

MADISON 1 Family Condo All Sales

MERIDEN 1 Family Condo All Sales

MIDDLEBURY 1 Family Condo All Sales

MILFORD 1 Family Condo All Sales

NAUGATUCK 1 Family Condo All Sales

2 1 5 3 4

32 | THE COMMERCIAL RECORD | DECEMBER 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NEW HAVEN 1 Family Condo All Sales

2 3 1 3 7 4

38 21 97

65.22% 61.54% 31.08%

265 134 731

320 138 877

20.75% 2.99% 19.97%

$160,000 $64,500 $145,500

$165,000 3.13% $144,000 123.26% $155,000 6.53%

$162,000 $120,250 $155,000

$172,875 $135,000 $163,000

6.71% 12.27% 5.16%

7 1 12

-56.25% -50.00% -33.33%

95 29 138

108 17 138

13.68% -41.38% 0.00%

$260,000 N/A $260,000

$288,000 10.77% $265,000 N/A N/A $159,800 $271,500 4.42% $238,150

$255,000 $160,000 $247,750

-3.77% 0.13% 4.03%

1 9 6 2 9

30 5 41

57.89% -16.67% 41.38%

200 25 251

225 24 302

12.50% -4.00% 20.32%

$228,000 $235,750 $232,500

$273,000 $257,000 $270,000

19.74% 9.01% 16.13%

$262,425 $233,300 $261,000

$267,000 $230,500 $262,750

1.74% -1.20% 0.67%

1 2 2 1 5

10 3 14

-16.67% 50.00% -6.67%

129 12 164

128 8 160

-0.78% -33.33% -2.44%

$323,500 N/A $320,000

$359,000 $300,000 $359,000

10.97% $352,000 N/A $366,394 12.19% $357,250

$345,000 $408,184 $358,500

-1.99% 11.41% 0.35%

1 3 7 2 6

14 2 19

7.69% -71.43% -26.92%

83 33 156

104 24 168

25.30% -27.27% 7.69%

$310,000 $345,000 $345,000

$341,950 10.31% N/A -100.00% $383,900 11.28%

$305,000 $360,995 $345,000

$327,500 $370,000 $348,195

7.38% 2.49% 0.93%

10 1 16

0.00% -75.00% -15.79%

95 16 139

81 24 127

-14.74% 50.00% -8.63%

$243,950 $289,500 $259,000

$259,000 6.17% N/A -100.00% $215,000 -16.99%

$260,000 $337,000 $266,900

$262,500 $361,928 $275,000

0.96% 7.40% 3.03%

23 4 32

155.56% 100.00% 113.33%

123 27 183

151 28 213

22.76% 3.70% 16.39%

$240,000 N/A $226,000

$210,000 $139,250 $191,000

-12.50% $218,200 N/A $98,500 -15.49% $190,000

$215,000 $99,450 $192,000

-1.47% 0.96% 1.05%

13 27 44

30.00% -6.90% -2.22%

136 194 371

177 221 429

30.15% 13.92% 15.63%

$337,500 $127,000 $145,000

$382,500 $137,000 $160,500

13.33% 7.87% 10.69%

$353,000 $123,750 $185,000

$337,500 $127,000 $192,000

-4.39% 2.63% 3.78%

57 20 83

35.71% 53.85% 27.69%

294 113 477

362 118 558

23.13% 4.42% 16.98%

$244,000 $158,000 $226,528

$245,000 $188,500 $240,000

0.41% 19.30% 5.95%

$250,000 $165,000 $230,000

$242,713 $178,500 $235,000

-2.91% 8.18% 2.17%

52 11 98

10.64% -45.00% 10.11%

499 199 971

586 152 1,036

17.43% -23.62% 6.69%

$92,000 $40,750 $80,000

$95,000 $73,000 $90,000

3.26% 79.14% 12.50%

$96,000 $44,420 $75,000

$102,750 $54,750 $88,890

7.03% 23.26% 18.52%

40 14 68

5.26% 7.69% 11.48%

309 76 479

357 83 555

15.53% 9.21% 15.87%

$130,950 $78,500 $153,000

$165,000 $99,250 $160,000

26.00% 26.43% 4.58%

$154,900 $100,000 $150,000

$160,000 $100,000 $158,500

3.29% 0.00% 5.67%

18 1 21

38.46% N/A 40.00%

142 15 174

131 11 171

-7.75% -26.67% -1.72%

$222,500 N/A $246,000

$197,450 -11.26% $198,000 N/A N/A $276,000 $209,900 -14.67% $200,000

$213,826 7.99% $173,000 -37.32% $202,500 1.25%

11 0 15

57.14% N/A 114.29%

105 0 114

114 0 123

$385,000 N/A $385,000

$420,000 N/A $406,000

$376,500 -5.88% N/A N/A $370,000 -7.50%

15.12% 5,364 10.00% 1,651 14.90% 8,721

6,012 1,689 9,644

$212,750 $125,000 $185,000

$216,950 $141,000 $189,000

NORTH BRANFORD 1 Family Condo All Sales

1 6 2 1 8

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

1 0 4 1 9

SEYMOUR 1 Family Condo All Sales

9 2 1 5

SOUTHBURY 1 Family Condo All Sales

1 0 2 9 4 5

WALLINGFORD 1 Family Condo All Sales

4 2 1 3 6 5

WATERBURY 1 Family Condo All Sales

4 7 2 0 8 9

WEST HAVEN 1 Family Condo All Sales

3 8 1 3 6 1

WOLCOTT 1 Family Condo All Sales

1 3 0 1 5

WOODBRIDGE 1 Family Condo All Sales

7 0 7

8.57% N/A 7.89%

9.09% $400,000 N/A N/A 5.45% $400,000

NEW HAVEN COUNTY 1 Family Condo All Sales

5 62 647 1 90 209 9 46 1,087

12.08% 2.30% 10.58%

1.97% 12.80% 2.16%

$220,000 $130,000 $187,000

$216,550 $133,000 $190,063

-1.57% 2.31% 1.64%

DECEMBER 2016 | THE COMMERCIAL RECORD | 33

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

22 0 29

27 0 32

22.73% N/A 10.34%

$145,000 N/A $145,000

$242,000 66.90% $165,250 N/A N/A N/A $242,000 66.90% $200,000

$225,000 36.16% N/A N/A $205,000 2.50%

22 83.33% 0 -100.00% 26 73.33%

131 21 176

168 18 215

28.24% -14.29% 22.16%

$209,500 N/A $212,000

$249,450 19.07% $219,000 N/A N/A $155,000 $249,450 17.67% $217,000

$240,000 $207,500 $230,000

9.59% 33.87% 5.99%

21 6 30

61.54% 20.00% 25.00%

166 53 292

182 54 281

9.64% 1.89% -3.77%

$240,000 $340,000 $235,000

$255,000 $192,450 $244,500

$275,500 $179,450 $255,000

-5.65% -3.00% 5.26%

3 0 7

200.00% N/A 250.00%

15 0 27

22 0 31

46.67% N/A 14.81%

4 0 5

11 0 11

175.00% N/A 120.00%

51 6 74

58 6 92

13.73% 0.00% 24.32%

1 8 6 3 2

30 4 39

66.67% -33.33% 21.88%

196 75 318

248 49 362

26.53% -34.67% 13.84%

5 0 7

11 0 16

120.00% N/A 128.57%

55 0 78

78 0 94

1 3 2 1 9

16 1 18

23.08% -50.00% -5.26%

159 10 189

203 12 239

5 0 6

5 0 5

34 0 51

36 0 51

2 1 5

3 50.00% 0 -100.00% 5 0.00%

17 1 31

34 0 47

BOZRAH 1 Family Condo All Sales

3 0 3

4 0 4

33.33% N/A 33.33%

COLCHESTER 1 Family Condo All Sales

1 2 1 1 5

EAST LYME 1 Family Condo All Sales

1 3 5 2 4

6.25% -43.40% 4.04%

$292,000 $185,000 $242,250

FRANKLIN 1 Family Condo All Sales

1 0 2

N/A N/A N/A

$140,426 N/A $120,000

N/A $184,500 N/A N/A N/A $190,000

$200,000 8.40% N/A N/A $187,500 -1.32%

GRISWOLD 1 Family Condo All Sales

$160,750 N/A $160,000

$120,000 -25.35% $161,500 N/A N/A $66,750 $120,000 -25.00% $144,450

$140,000 -13.31% $99,950 49.74% $116,000 -19.70%

$247,500 $142,000 $187,125

$260,000 $156,450 $219,500

$228,250 $124,000 $203,250

GROTON 1 Family Condo All Sales

5.05% 10.18% 17.30%

$250,000 $129,000 $199,900

-8.70% -3.88% 1.68%

LEBANON 1 Family Condo All Sales

41.82% N/A 20.51%

$226,000 N/A $226,000

$96,000 -57.52% $190,000 N/A N/A N/A $93,000 -58.85% $172,500

$188,000 -1.05% N/A N/A $179,950 4.32%

27.67% 20.00% 26.46%

$191,000 N/A $205,000

$178,250 -6.68% $195,000 N/A N/A $69,750 $171,507 -16.34% $192,000

$203,000 4.10% $56,750 -18.64% $200,000 4.17%

$211,000 N/A $188,000

$185,000 -12.32% $185,316 N/A N/A N/A $185,000 -1.60% $170,000

$186,400 0.58% N/A N/A $172,900 1.71%

100.00% -100.00% 51.61%

N/A N/A $175,000

$349,900 N/A $500,000 N/A N/A N/A $307,905 75.95% $479,000

$377,500 -24.50% N/A N/A $360,000 -24.84%

LEDYARD 1 Family Condo All Sales

LISBON 1 Family Condo All Sales

0.00% N/A -16.67%

5.88% N/A 0.00%

LYME 1 Family Condo All Sales

MONTVILLE 1 Family Condo All Sales

1 4 0 1 8

11 1 17

-21.43% N/A -5.56%

137 7 170

153 6 201

11.68% -14.29% 18.24%

$140,400 N/A $140,400

$176,900 26.00% $178,000 N/A N/A $48,000 $174,900 24.57% $165,250

$180,000 $57,000 $174,500

1.12% 18.75% 5.60%

14 3 25

-12.50% -25.00% -19.35%

157 27 265

125 33 273

-20.38% 22.22% 3.02%

$149,950 $110,500 $144,700

$166,750 $180,000 $146,500

$148,000 $138,000 $134,000

2.07% 55.06% -5.16%

0.00% N/A -1.14%

$184,500 N/A $184,500

$204,450 10.81% $219,000 N/A N/A N/A $210,000 13.82% $215,500

$238,900 9.09% N/A N/A $225,000 4.41%

-0.55% 40.63% 5.56%

$130,000 $67,000 $95,000

$142,000 9.23% $144,300 115.37% $115,000 21.05%

$127,500 $104,900 $107,000

NEW LONDON 1 Family Condo All Sales

1 6 4 3 1

11.20% 62.90% 1.24%

$145,000 $89,000 $141,298

NORTH STONINGTON 1 Family Condo All Sales

4 0 4

8 0 11

100.00% N/A 175.00%

65 0 88

65 0 87

2 1 5 3 7

20 3 35

-4.76% -40.00% -5.41%

181 32 288

180 45 304

NORWICH 1 Family Condo All Sales

34 | THE COMMERCIAL RECORD | DECEMBER 2016

$100,000 $93,900 $98,000

27.50% 11.71% 9.18%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

OCT 2015

$165,000

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

OLD LYME 1 Family

8

7

Condo

0

0

1 1

7

All Sales

-12.50%

86

63

-26.74%

3

4

33.33%

-36.36%

117

87

-25.64%

$165,000

$343,000 107.88%

$365,000

$340,000

-6.85%

-27.27%

61

52

-14.75%

$160,000

$237,000

$183,000

$220,368

20.42%

0

2

N/A

N/A

$343,000 107.88% N/A

$390,000

N/A $410,000

$343,000 -12.05% $252,500 -38.41%

PRESTON 1 Family

1 1

8

Condo

0

0

1 3

12

-7.69%

81

71

-12.35%

$160,000

1 Family

3

2

-33.33%

39

32

-17.95%

$235,000

Condo

0

0

2

2

0.00%

4

5

25.00%

53

50

-5.66%

1 Family

1

2

100.00%

19

27

42.11%

Condo

0

0

0

0

2

3

50.00%

26

33

All Sales

N/A

N/A

N/A

N/A $227,868

48.13% N/A

N/A

N/A

N/A

42.42%

$180,000

$210,000

16.67%

N/A -100.00%

$255,900

$269,000

5.12%

SALEM

All Sales

N/A

N/A $235,000

N/A $242,400

N/A 3.15%

N/A

N/A

N/A

$238,000

$224,500

-5.67%

$190,000

-5.24%

SPRAGUE

All Sales

N/A

N/A 26.92%

N/A

N/A

N/A $200,500

N/A

N/A

N/A

N/A

$245,000

N/A

N/A $200,250

N/A

N/A

$173,145 -13.54%

STONINGTON 1 Family

1 1

12

9.09%

162

135

-16.67%

Condo

1

4

300.00%

23

13

-43.48%

1 8

24

33.33%

228

231

1.32%

$358,500

$292,000

-18.55%

$294,500

$282,000

-4.24%

0.00%

24

39

62.50%

$160,000

$218,800

36.75%

$180,000

$179,000

-0.56%

0

0

All Sales

$430,000 N/A

$400,000 $424,500

-6.98%

$312,500

N/A $402,000

$325,000

4.00%

$295,000 -26.62%

VOLUNTOWN 1 Family

4

4

Condo

0

0

4

4

0.00%

26

47

All Sales

N/A

N/A

N/A

N/A

80.77%

$160,000

$218,800

N/A

N/A

N/A

N/A

36.75%

$180,000

$150,000 -16.67%

WATERFORD 1 Family

1 7

22

29.41%

235

258

9.79%

$230,000

$216,450

-5.89%

$227,500

$215,000

-5.49%

Condo

4

4

0.00%

42

36

-14.29%

$96,950

$157,500

62.45%

$134,750

$149,000

10.58%

2 4

35

45.83%

307

335

9.12%

$186,500

$163,000

-12.60%

$215,000

$199,000

-7.44%

26.88% 2,012

All Sales

NEW LONDON COUNTY 1 Family

1 86

236

Condo

2 9

26

2 84

339

All Sales

2,185

8.60%

$185,000

$214,500

15.95%

$209,950

$210,000

0.02%

302

280

-7.28%

$126,000

$160,000

26.98%

$144,000

$138,500

-3.82%

19.37% 2,914

3,163

8.54%

$169,500

$190,000

12.09%

$192,000

$190,000

-1.04%

-10.34%

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 offered in a convenient, searchable PDF format, and are archived to 2001. Each PDF is organized by county, town and street to make it easy to find exactly the 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. Simply visit www.commercialrecord.com, log in, click on the big, red “Records & Research” button in the upper left corner, and get busy putting The Commercial Record to work for you.

DECEMBER DECEMBER 2016 | THE COMMERCIAL RECORD | 35

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANDOVER 1 Family Condo All Sales

3 0 4

5 0 5

66.67% N/A 25.00%

29 0 38

35 0 43

20.69% N/A 13.16%

$235,000 N/A $152,500

$305,000 29.79% $220,000 N/A N/A N/A $305,000 100.00% $194,450

$249,000 13.18% N/A N/A $230,000 18.28%

5 0 5

8 0 9

60.00% N/A 80.00%

40 0 51

49 0 59

22.50% N/A 15.69%

$194,000 N/A $194,000

$271,500 39.95% $236,500 N/A N/A N/A $255,000 31.44% $202,500

$255,000 7.82% N/A N/A $250,000 23.46%

9 1 11

0.00% N/A 0.00%

71 0 88

62 1 71

-12.68% N/A -19.32%

$245,000 N/A $225,000

$220,000 -10.20% $223,000 N/A N/A N/A $227,000 0.89% $220,000

$210,750 -5.49% N/A N/A $212,500 -3.41%

13 18.18% 0 -100.00% 15 25.00%

127 8 171

123 9 164

-3.15% 12.50% -4.09%

$175,000 N/A $170,000

$185,000 N/A $185,000

5.71% $209,000 N/A $114,800 8.82% $206,000

$202,000 $125,000 $202,000

-3.35% 8.89% -1.94%

1 1 1 1 8

12 5 20

9.09% 400.00% 11.11%

105 22 166

98 25 164

-6.67% 13.64% -1.20%

$278,000 N/A $240,000

$206,500 $315,000 $176,500

-25.72% $247,000 N/A $122,000 -26.46% $237,750

$232,000 $130,000 $228,700

-6.07% 6.56% -3.81%

1 1 0 1 7

9 1 10

-18.18% N/A -41.18%

89 0 110

122 5 137

37.08% N/A 24.55%

$226,000 N/A $225,000

$303,000 34.07% $269,900 N/A N/A N/A $256,450 13.98% $257,500

$247,200 $244,000 $244,000

-8.41% N/A -5.24%

1 3 7 2 2

9 5 19

-30.77% -28.57% -13.64%

90 26 138

114 53 196

26.67% 103.85% 42.03%

$177,500 $180,000 $178,750

$220,000 $227,000 $165,000

$221,000 $234,900 $226,000

0.45% 38.22% 10.51%

7 0 1 0

9 0 10

28.57% N/A 0.00%

75 2 104

85 6 106

13.33% 200.00% 1.92%

$200,000 N/A $203,000

$265,000 32.50% $262,000 N/A N/A N/A $262,500 29.31% $263,000

$270,000 $361,450 $267,000

3.05% N/A 1.52%

9 0 1 0

12 3 18

33.33% N/A 80.00%

94 13 136

90 10 152

-4.26% $210,000 -23.08% 11.76% $212,500

$205,950 $69,000 $181,000

$209,000 $113,500 $168,950

17.42% 17.01% 7.44%

1 5 1 2 2

17 13.33% 0 -100.00% 18 -18.18%

125 9 152

149 11 179

7 0 11

4 0 5

217 82 351

214 65 348

-1.38% -20.73% -0.85%

47 3 57

32 0 41

-31.91% -100.00% -28.07%

8.06% 1,116 31.25% 165 8.19% 1,573

1,177 185 1,665

5.47% 12.12% 5.85%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

9 0 1 1

COVENTRY 1 Family Condo All Sales

1 1 1 1 2

ELLINGTON 1 Family Condo All Sales

HEBRON 1 Family Condo All Sales

MANSFIELD 1 Family Condo All Sales

23.94% 26.11% -7.69%

$220,000 $169,950 $204,500

SOMERS 1 Family Condo All Sales

STAFFORD 1 Family Condo All Sales

-1.93% $178,000 N/A $97,000 -14.82% $157,250

TOLLAND 1 Family Condo All Sales

19.20% 22.22% 17.76%

$265,000 N/A $262,500

$208,000 -21.51% $275,000 N/A N/A $137,000 $209,450 -20.21% $255,000

$235,000 -14.55% $132,000 -3.65% $231,000 -9.41%

UNION 1 Family Condo All Sales

0 0 0

0 0 0

2 8 6 3 8

28 6 47

N/A N/A N/A

-42.86% N/A N/A N/A N/A N/A -54.55%

N/A $144,000 N/A N/A N/A $144,000

$196,250 36.28% N/A N/A $199,000 38.19%

VERNON 1 Family Condo All Sales

0.00% 0.00% 23.68%

$170,000 $133,750 $155,000

$178,000 $100,525 $157,000

4.71% -24.84% 1.29%

$179,500 $113,750 $158,000

$178,000 $115,000 $165,000

-0.84% 1.10% 4.43%

WILLINGTON 1 Family Condo All Sales

2 0 2

3 0 3

50.00% N/A 50.00%

N/A N/A N/A

$157,000 N/A $157,000

N/A $204,000 N/A $107,000 N/A $190,000

$221,500 8.58% N/A - 100.00% $210,000 10.53%

TOLLAND COUNTY 1 Family Condo All Sales

1 24 1 6 1 71

134 21 185

36 | THE COMMERCIAL RECORD | DECEMBER 2016

$206,000 $117,000 $195,000

$210,400 $159,900 $188,197

2.14% 36.67% -3.49%

$220,000 $116,000 $204,000

$220,000 $149,900 $210,000

0.00% 29.22% 2.94%

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES OCT 2015

OCT %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

OCT 2015

OCT %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

17.86% N/A 27.03%

$230,000 N/A $247,500

$180,000 -21.74% $173,500 N/A N/A N/A $180,000 -27.27% $167,000

$180,000 3.75% N/A N/A $169,900 1.74%

-5.71% 25.00% 1.44%

$209,900 N/A $219,900

$221,900 5.72% $180,000 N/A N/A $205,000 $179,450 -18.39% $175,000

$204,000 $229,000 $186,000

7.14% N/A 26.79%

$187,000 N/A $175,000

N/A -100.00% $183,500 N/A N/A N/A $238,500 36.29% $179,200

$215,500 17.44% N/A N/A $186,000 3.79%

$150,000 N/A $150,000

$142,900 -4.73% $154,000 N/A N/A N/A $199,900 33.27% $149,500

$180,000 16.88% N/A N/A $169,900 13.65%

ASHFORD 1 Family Condo All Sales

5 0 6

3 0 5

-40.00% N/A -16.67%

28 0 37

33 0 47

13 1 18

8.33% 0.00% 38.46%

105 4 139

99 5 141

5 0 6

2 0 3

-60.00% N/A -50.00%

42 0 56

45 0 71

4 1 6

4 0.00% 0 -100.00% 5 -16.67%

23 1 28

23 0 31

2 0 2

100.00% N/A 100.00%

12 0 25

16 1 27

33.33% N/A 8.00%

N/A N/A N/A

N/A N/A N/A

N/A $195,800 N/A N/A N/A $230,000

$219,500 12.10% N/A N/A $199,900 -13.09%

1 0 1

N/A N/A -50.00%

9 0 19

15 0 36

66.67% N/A 89.47%

N/A N/A N/A

N/A N/A N/A

N/A $196,000 N/A N/A N/A $160,000

$190,000 -3.06% N/A N/A $132,500 -17.19%

16 -11.11% 0 -100.00% 22 -15.38%

115 16 184

145 13 221

26.09% -18.75% 20.11%

$170,000 N/A $162,000

$159,850 N/A $159,850

1 5 0 1 8

10 0 13

-33.33% N/A -27.78%

110 3 164

102 2 142

-7.27% -33.33% -13.41%

$85,100 N/A $83,350

4 0 8

3 0 4

-25.00% N/A -50.00%

28 0 57

38 0 60

62 19 112

BROOKLYN 1 Family Condo All Sales

1 2 1 1 3

13.33% 11.71% 6.29%

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

0.00% -100.00% 10.71%

EASTFORD 1 Family Condo All Sales

1 0 1

HAMPTON 1 Family Condo All Sales

0 0 2

KILLINGLY 1 Family Condo All Sales

1 8 1 2 6

-5.97% $154,900 N/A $102,600 -1.33% $135,625

$151,000 $139,900 $149,000

-2.52% 36.35% 9.86%

PLAINFIELD 1 Family Condo All Sales

$134,950 58.58% $137,350 N/A N/A $74,700 $124,000 48.77% $134,775

$135,000 -1.71% N/A - 100.00% $135,000 0.17%

POMFRET 1 Family Condo All Sales

35.71% N/A 5.26%

$221,700 N/A $221,700

$250,000 12.76% $292,500 N/A N/A N/A $232,500 4.87% $196,500

$249,000 -14.87% N/A N/A $237,500 20.87%

76 28 140

22.58% 47.37% 25.00%

$174,000 $182,500 $153,500

$150,000 -13.79% N/A -100.00% $165,000 7.49%

$148,500 $177,500 $142,500

PUTNAM 1 Family Condo All Sales

7 3 1 4

7 0.00% 0 -100.00% 12 -14.29%

$155,500 $165,500 $151,000

-4.50% 7.25% -5.63%

SCOTLAND 1 Family Condo All Sales

2 0 5

2 0 2

0.00% N/A -60.00%

18 0 27

21 0 23

16.67% N/A -14.81%

N/A N/A $225,000

N/A N/A $155,500 N/A N/A N/A N/A -100.00% $155,000

7 1 9

75.00% N/A 28.57%

45 3 65

46 3 62

2.22% 0.00% -4.62%

$182,500 N/A $165,000

$165,000 N/A $165,000

$175,000 12.54% N/A N/A $175,000 12.90%

STERLING 1 Family Condo All Sales

4 0 7

-9.59% $171,400 N/A $70,000 0.00% $159,000

$181,450 5.86% $165,000 135.71% $170,450 7.20%

THOMPSON 1 Family Condo All Sales

1 6 1 1 9

15 -6.25% 0 -100.00% 19 0.00%

87 3 120

130 4 163

49.43% 33.33% 35.83%

$229,950 N/A $204,000

$258,000 12.20% $199,000 N/A N/A $130,000 $217,000 6.37% $180,000

$192,750 $137,450 $185,000

-3.14% 5.73% 2.78%

1 1 1 1 6

20 81.82% 0 -100.00% 23 43.75%

106 5 167

137 4 182

29.25% -20.00% 8.98%

$142,000 N/A $133,500

$120,250 -15.32% $118,500 N/A N/A $119,000 $120,500 -9.74% $115,000

$134,000 $119,950 $127,250

13.08% 0.80% 10.65%

7 1 14

90 8 131

90 13 153

0.00% 62.50% 16.79%

$250,000 N/A $230,500

$259,000 N/A $237,500

$252,000 6.78% $120,000 -18.51% $220,000 4.76%

-0.88% 880 -66.67% 62 -7.88% 1,331

1,016 73 1,499

15.45% 17.74% 12.62%

$182,500 $152,000 $166,500

$180,000 $165,000 $165,000

WINDHAM 1 Family Condo All Sales

WOODSTOCK 1 Family Condo All Sales

9 1 1 8

-22.22% 0.00% -22.22%

3.60% $236,000 N/A $147,250 3.04% $210,000

WINDHAM COUNTY 1 Family Condo All Sales

1 13 9 1 65

112 3 152

-1.37% 8.55% -0.90%

$167,000 $136,050 $155,000

$170,000 $140,000 $160,000

1.80% 2.90% 3.23%

DECEMBER 2016 | THE COMMERCIAL RECORD | 37

FAIRFIELD COUNTY GOSSIP REPORT

1

GREENWICH

2

3

DARIEN

GREENWICH

ADDRESS: 49 Stony Brook Road, Darien PRICE: $3,990,000 SIZE: 6,134 square feet on 3.05 acres BUYER: Margit S. Conopask and Jeffrey N. Bluestein SELLER: Elizabeth T. Dale and Thomas D. Dale SOLD: 10/31/16 ADDRESS: 15 Winding Lane, Greenwich

ADDRESS: 180 Shore Road, Greenwich

PRICE: $5,250,000

PRICE: $3,800,000

SIZE: 6,401 square feet on 1.77 acres

SIZE: 5,450 square feet on 0.31 acres

BUYER: Laure Irwin and Robert Lewis Bugbee

BUYER: Susan Elbaz and Scott Morenstein

SELLER: Peter C. Stern and Sue W. Stern

SELLER: 180 Shore Road LLC

AGENT: William Raveis Real Estate

SOLD: 10/21/16

SOLD: 10/20/16v

4

DARIEN

ADDRESS: 50 Deepwood Road, Darien PRICE: $3,800,000 SIZE: 7,232 square feet on 1.6 acres BUYER: Gulay Philip and Willis D. Philip SELLER: Barbara W. Genne-Dickson SOLD: 10/13/16

5

1 3 5

GREENWICH

2 4 ADDRESS: 14 Long View Ave., Greenwich PRICE: $3,352,000 SIZE: 5,640 square feet on 0.36 acres BUYER: Amadeu Carvalhaes-Ribiero and Rafaela R. Ferreira-Franca SELLER: Element 12 Long View Ave SOLD: 10/21/16

The 16-room home in this month’s No. 4 spot has five bedrooms, six and a half bathrooms, and is close to Woodland Park and the train station. There’s a three-cargarage, and the finished basement level has pool table, theater, artist alcove, gym, wine cellar and a cedar closet. The master bedroom has a dressing room, fireplace, walk-in closet and an en-suite bathroom with a whirlpool.

38 | THE COMMERCIAL RECORD | DECEMBER 2016

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