The Commercial Record - December 2017

DECEMBER 2017

WWW.COMMERCIALRECORD.COM

REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

THE

BEST ISSUE OF Breakdown Of Connecticut Bank Performances Cities Attract Tenants Through Transit-Oriented Development Fairfield Eyes Development With Optimism Results Of The Commerical Record's Best Of 2017 Readers' Poll

DECEMBER 2017 | THE COMMERCIAL RECORD | 1

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REAL ESTATE & FINANC IAL

CAUTIOUS OPTIMISM IN THE MORTGAGE MARKET ENTERING 2014

2014

NEWS FOR CONNECTICUT

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

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VOLUME 135, NUMBER 12

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

2 | THE COMMERCIAL RECORD | DECEMBER 2017

inside The Commercial Record’s The Best Of Issue At the end of 2017, The Commercial Record features a retrospective of what went well this year. This month's issue features a roundup of reader-nominated companies that achieved a “Best Of” status, Connecticut bank specialties, developments focused around transit and Fairfield growth successes.

6

Embracing A New Role

16

A breakdown of where Connecticut banks performed well in 2017.

8

Tenants Join City Sites Transit-oriented workplaces increase in popularity.

12 Glass Half-Full Greater Fairfield is projected to experience growth through development.

16 The Commercial Record

Best Of 2017 The readers have spoken and we’ve rounded up the “Best” companies for this year.

6 5

news roundup

10 state statistics 14 c-changes 15 in person 22 top commercial transactions

8

24 trendlines 38 gossip report

DECEMBER 2017 | THE COMMERCIAL RECORD | 3

from the editor

COMMERCIAL RECORD RETURNS TO FORM

M

ajor changes are coming to The Commercial Record in the new year – changes we think our readers will find familiar.

After nearly a decade publishing as a monthly magazine, The Commercial Record will in January revert to its original format as a weekly newspaper.

The real estate, mortgage and credit records will return to the print newspaper and will continue to be available on CR’s website, www.commercialrecord.com. The Commercial Record will arrive at subscribers’ doors in the Friday mail delivery; all content will be available on the website Friday mornings.

The Commercial Record is 135 years old and has existed in many forms over the years. Like its sister publication Banker & Tradesman, it was originally a piece of newsprint with the real estate transaction of the past week. Eventually editorial content was added as its parent company, The Warren Group, grew in size and scope.

Untold editors and reporters have passed through The Warren Group’s offices, but in its entire 135-year history the publication has had only four publishers, all members of the Warren family. Over the past 13 decades the staff has felt a deep responsibility to fairly and accurately report the finance, insurance and real estate news in the Nutmeg State, and no mere format change will alter our dedication to that goal.

Rather the change affords us the opportunity to better serve the residents of the state of Connecticut. A more frequent publishing schedule allows us to shorten the time between reporting and publishing, resulting in more timely articles and more recent real estate information.

Fan favorite special focuses, including Women of FIRE and CR’s Best, will continue in 2018 and beyond. New special

From the vault: the Dec. 15, 1917, issue of The Commercial Record (left), and the Dec. 15, 1967 issue. The Commercial Record will return to a weekly newspaper next year.

“

As we close out our 135th year, we are proud of the work we have done, and we are committed to providing the best and most informative coverage of finance and real estate news in Connecticut for the next 135 years.

features will appear in the redesigned newspaper, such as weekly focuses on specific counties and towns, in depth interviews with leading industry figures and a renewed focus on the state’s unique and special real estate markets.

As we close out our 135th year, we are proud of the work we have done, and we are committed to providing the best and most informative coverage of finance and real estate news in Connecticut for the next 135 years.

We hope our readers understand the reasons for these changes and find the relaunched Commercial Record an even better value. Readers with questions, com-

4 | THE COMMERCIAL RECORD | DECEMBER 2017

ments or feedback are invited to email editorial@thewarrengroup.com or call the Editorial Director Cassidy Murphy at (617) 897-5313.

Happy holidays to all of our readers – and congratulations to this year’s winners of CR’s Best – and we look forward to another year of being your top source for finance and real estate news and information. n

Cassidy Murphy Editorial Director Email: cmurphy@thewarrengroup.com

NEWS ROUNDUP STATE PROVIDES $13.6M TO COMBAT BLIGHT

$100M OFFICE PARK FINANCED IN NORWALK

The state will provide $13.6 million to 14 municipalities to assess, remediate and revitalize blighted properties in their communities and put them back into productive use. The projects encompass 89 acres of redevelopment.

“These kinds of properties that have been vacant for decades are causing blight in neighborhoods, draining local resources, and having a negative impact on towns and cities,” Gov. Dannel Malloy said in a statement.

For every dollar the state has invested in brownfield redevelopment, nonstate partners have invested or will invest $11.41. More than $220 million has been invested in brownfield redevelopment since 2012, resulting in the creation of more than 3,000 permanent jobs and over 15,000 construction jobs in the state.

The funding announcement included a total of $12.1 million that will be awarded to eight remediation and redevelopment projects, totaling just over 34 acres. An additional $1.5 million will be awarded to eight assessment projects that will prepare for the future revitalization of additional properties, consisting of almost 52 acres. All of the funds will be awarded through the Department of Economic and Community Development.

Holliday Fenoglio Fowler LP (HFF) announced $100 million in financing for Merritt 7, a six-building, 1.4 million-square-foot, class A office park in Norwalk.

The HFF team worked on behalf of the borrower, a separate account managed by Clarion Partners, to secure the five-year, fixed-rate loan through a correspondent life company.

Merritt 7 comprises six buildings along Route 7, and is situated on 22 acres along the Norwalk River. The property features on-site amenities such as shuttle service to the Merritt 7 Metro-North Railroad Station, a state-of-the-art fitness center, conference centers, car care, two full-service cafeterias, Starbucks and a unisex salon. The buildings are 97 percent leased to a diverse tenant roster including General Electric, Factset Research Systems, Datto and Frontier Communications.

AVISON YOUNG BROKERS ASSISTED LIVING DEVELOPMENT SALES

WITH CORDRAY OUT, BANKS AND CREDIT UNIONS READY FOR NEW DIRECTION With the announcement on Nov. 15 that Richard Cordray would resign from the Consumer Financial Protection Bureau, the agency is undoubtedly headed in a new direction.

The change will be most welcome from the financial services industry’s perspective. Credit union and banking advocacy groups issued numerous statements following the Cordray news, hoping that new agency direction will lean toward less regulation and relief for smaller financial institutions.

“While we haven’t always agreed with Director Corday on issues, we have always shared his goal of wanting to help consumers and appreciated his willingness to engage with us,” American Bankers Association President and CEO Rob Nichols said in a said in a statement.

Cordray, previously Ohio’s attorney general, first joined the CFPB as its assistant director of enforcement and was named director in a recess appointment in 2012, eventually winning confirmation in 2013 to a five-year term as director.

Avison Young recently closed on two land sales that pave the way for development of more than 250 units of assisted living, memory care and independent housing for the elderly.

In the first transaction, Sean McDonnell, principal in the Fairfield/ Westchester office and head of the firm’s health care real estate division, joined with Senior Associate Alison Luisi of Avison Young’s Capital Markets Group to arrange the $5 million sale of a 3.81-acre site from Young’s Nurseries Inc. at 211 Danbury Road in Wilton to 211 Danbury Road LLC. The site was approved for the development of 90 assisted living and memory care units to be operated by Sunrise Senior Living.

In the second transaction, the team of Sean Cahill and Luisi arranged the $3.79 million sale of an 8-acre, pad-ready site at 26 Beard Sawmill Road in Shelton. The seller was Hawk’s Ridge of Shelton LLC and the buyer was Shelter Development LLC. The site was approved for 160 units of assisted living, memory care and independent living housing to be operated by Brightview Senior Living.

THE MOST VIEWED ARTICLES IN NOVEMBER • • • • •

Defunct Woodbury Restaurant Purchased, To Be Rebranded Store Owner Who Cashed Fraudulent Checks Sentenced To Prison NRT Acquires Goodfellow Real Estate In Danbury Sageworks: CRE Topics Surfacing In FI Regulatory Exams Homeowners With Crumbling Foundations Can Begin Seeking Reimbursement

US Senate Unveils Bipartisan Bill To Scale Back Dodd-Frank Man Who Embezzled From Employer Will Spend 4 Years In Prison Woman Charged With Embezzling From PTO NAR: Proposed Tax Reform ‘Takes Money Straight From Homeowners Pockets’ • Savings Bank Of Danbury Adds Two To Leadership • • • •

DECEMBER 2017 | THE COMMERCIAL RECORD | 5

Industry Success

BANKS EMBRACE ROLE OF ADVISOR Where Did Banks In Connecticut Perform Well In 2017?

BY BRAM BERKOWITZ | COMMERCIAL RECORD STAFF

C

onnecticut has had a difficult year; the state waited 117 days after the start of fiscal year 2018 to pass a budget, during which time the city of Hartford threatened to file for bankruptcy on numerous occasions.

The budget standoff impacted every industry in the state, including banking, which faced challenges drumming up new business as people and businesses left the state, and the real estate market continued to lag.

But despite the obstacles, Connecticut banks have grown total assets through the first nine months of 2017 by over $6 billion, which is similar to the growth in assets during the same period between

6 | THE COMMERCIAL RECORD | DECEMBER 2017

2015 and 2016, according to FDIC data.

Net loans and leases in this timeframe also grew about $6 billion, and net income by all Connecticut banks is over $658 million, up more than $105 million from the first nine months of 2016.

The Commercial Record took a look back at the best parts of Connecticut’s banking industry, areas that banks succeeded in and will look to build on in 2018.

To see where the industry thrived,

The Commercial Record spoke to Stamford-based Greenwich Assoc., a research-based consulting firm that conducts 28,000 interviews on bank customers across the United States each year, about 1,000 of which are in Connecticut.

We also asked executives at several community banks to see where they saw success in their own business this year.

Investing On The Rise Banks in Connecticut have done a better job at cross-selling products to middle market companies, or those with $10 million or more in revenue, said Duncan Banfield, a managing director of Greenwich Assoc.’s banking division.

Middle market companies on average said they were using roughly 8.3 different products from their banks compared to 7.8 in 2016, a good trend when new business is not prevalent, he said.

“Connecticut banks are doing a better job embracing the role as advisors to their customers,” Banfield said. “I think nowadays, banks really need to differentiate by more proactively addressing the needs of their customers and their challenges.”

The metrics used by Greenwich Assoc. to rate the performance of banks in this area show strong improvement year-over-year.

The future is also looking up, not only due to positivity about an easing regulatory environment, but also because companies seem poised to further invest in themselves.

According to a survey by Greenwich Assoc., 11 percent of bank clients in Connecticut between $1 million and $500 million in revenue say they expect to raise new capital within the next two years. Between 11 and 17 percent of these companies think they will pursue a merger or acquisition. Seventy percent of these companies expect to grow their revenues over the next two years.

“Connecticut banks may be well positioned to capitalize on these opportunities,” said Banfield. n

Anthony Giobbi, executive vice president and chief lending officer at Newtown Savings Bank, said the bank saw success in several loan categories.

“We sensed a clear positive shift in sentiment among business owners and real estate investors throughout most of 2017. Commercial real estate in particular has been a bright spot for the bank as borrowers took advantage of a continued favorable interest rate environment and reasonably priced investment opportunities,” he said. “We also witnessed favorable trends in construction financing for owner-occupied properties. This optimism is also reflected in the number of equipment finance loans and lines of credit to businesses in support of their growth.”

Cassandra Giovanni, a marketing manager at Savings Institute Bank & Trust, said the bank saw solid deposit growth this year.

“Year to date at our last earnings release, we were at $83.4 million in deposit dollar increase, which was made up primarily of NOW and Money Market Accounts,” she said. “This level of growth is the highest on record for our institution. As a bank based out of the city in Connecticut with the highest level of unemployment, this shows that consumer banking confidence is rising. As a local community bank, we strive to make impacts here where we operate, and are glad to see that consumers are placing their trust in us.”

New Canaan-based Bankwell Bank has had a superb year, garnering national recognition for its superb performance.

Bankwell was named one of the “Top 100 Best-Performing Community Banks” in the country for 2016 in March. Sandler O’Neill recognized Bankwell in September as one of 29 banks and thrifts nationwide to its Sm-All Star Class of 2017. In both cases, Bankwell was the only Connecticut bank to make the list.

“We proved that in a market where others are having difficulty originating loans, we continued to originate loans at a high clip,” said Chris Gruseke, president and CEO of Bankwell Bank. “I’m also very happy that over the last year, we have been able to attract a lot of talent. We are very entrepreneurial; banks are famous for being stale places to work, but everyone here understands this is a meritocracy. We have a unique culture and I feel very lucky.”

Email: bberkowitz@thewarrengroup.com DECEMBER 2017 | THE COMMERCIAL RECORD | 7

Downtown Destinations

OFFICE TENANTS’ COMMIT TO CITY ADDRESSES Transit, Urban Workspaces Play Larger Role

Proximity to CTfastrak stations has prompted investment in transit-oriented multifamily development sites such as the $58 million Columbus Commons apartment complex in downtown New Britain.

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

C

onnecticut’s economic future is tied to the vibrancy of its urban areas and their ability to lure growing companies, as many employers show a preference to expand in urban neighborhoods with transit service as they recruit Millennial job candidates.

In Hartford and Stamford, that played into major employers’ decisions to stay or relocate in the urban core in 2017.

Connecticut Children’s Medical Center’s lease for 110,000 square feet at 10 Columbus Boulevard in Hartford will

bring more than 400 employees to a consolidated downtown location. United Bank cast a vote of confidence in downtown Hartford’s future, signing a 68,000-square-foot lease at the 30-story Goodwin Square office tower to replace

8 | THE COMMERCIAL RECORD | DECEMBER 2017

its Glastonbury headquarters and South Windsor operations center.

“I do think over the next year, you’ll see more suburban tenants looking to move downtown,” said Patrick Mulready, a partner at brokerage CBRE’s Hartford office. “That trend has been going on for eight or nine years now, and every year there’s a few more.”

Charter Kicks Off Stamford HQ Project While Stamford’s 26 percent office vacancy rate dampens the prospects for new development, the lure of a brand-

new 500,000-square-foot headquarters and financial incentives from Gov. Dannel Malloy’s administration convinced cable provider Charter Communications to make a long-term commitment to the city.

The 15-story office tower will be built at developer Building and Land Technology’s 406 Washington Boulevard, including an option for a second building.

Charter agreed to add 1,100 new jobs in Connecticut, while the state Department of Economic and Community Development gave the company a 10-year, $10 million loan and $10 million in tax credits.

Just across I-95 at 600 Washington Boulevard, Bank of America leased 115,500 at the former RBS trading floor for a data back-up center.

Investor demand for data center properties also was reflected in the county’s highest-ticket investment sale.

Florida-based REIT Carter Validus paid $57 million, or $356 per square foot, for 6 Norden Place in Norwalk. The 150,000-square-foot facility operated by

Dallas-based CyrusOne is the largest data center in Connecticut.

“You have a property you don’t have to touch and get cash flow and it’s a good credit tenant, so they’re not going anywhere,” said Al Mirin, executive managing director of capital markets for Cushman and Wakefield’s Stamford office.

“Those are high on the list of things that people want.”

The proximity of both properties to Stamford’s Metro-North and Amtrak station reflects the increasing importance of access to public transit. Office buildings in Stamford’s South End which provide private shuttles to the train station now fetch 10 to 15 percent rent premiums compared with similar buildings lacking transit connections, Mirin said.

Transit Projects Spur Mixed-Use Development The influence of the 9.4-mile CTfastrak dedicated busway from New Britain to Hartford is not going unnoticed by multifamily investors and economic development officials.

In October, downtown New Britain’s largest private development project in decades broke ground at 125 Columbus Boulevard: a $58 million, 160-unit apartment complex known as Columbus Commons. A former car dealership property in West Hartford is being transformed into 616 New Park, a 65-unit mixed-income development, after the town rezoned an industrial corridor for multifamily use.

Economic development officials say such projects will provide an affordable alternative to the state’s single-family housing stock for Millennials and downsizing empty-nesters.

The scheduled spring 2018 launch of a 62-mile commuter rail service between New Haven and Springfield is already credited with spurring development of nearly 138 multifamily units near downtown Meriden’s new train station. The $500 million rail project could have a positive effect on office leasing as well, CBRE’s Mulready said. n Email: sadams@thewarrengroup.com

DECEMBER 2017 | THE COMMERCIAL RECORD | 9

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

Top 5 Credit Unions Market Share: All Mortgages

2,250

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

17.72% NUMBER OF SALES

1,800 21.86%

1,350 Charter Oak Fed Cr Un | 2017 Rank: 2 | 2016 Rank: 2

900

12.41%

450

12.95%

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

0

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

8.49%

Condo Sales By Price Range 8.06%

7,500 $700K+

6,750

$500k-$699k

Navy FCU | 2017 Rank: 4 | 2016 Rank: 5

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

6,000

NUMBER OF SALES

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

5,250 4,500

7.16%

5.73%

3,750

CT State Emp FCU | 2017 Rank: 5 | 2016 Rank: 4 3,000

5.44%

2,250 1,500

5.90%

750 0

1992

1997

2002

2007

2012

2017

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

10 | THE COMMERCIAL RECORD || DECEMBER DECEMBER 2017 2017

2017

2016

*2017 MarketShare percent (of Credit Union Lenders only) thru October 2017 *2016MarketShare percent (of Credit Union Lenders only) thru October 2016

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 13,000

Wells Fargo Bank | 2017 Rank: 1 | 2016 Rank: 1

2.80%

3.55%

LoanDepot.Com | 2017 Rank: 2 | 2016 Rank:5

2.76%

NUMBER OF SALES

10,400

7,800

5,200

2,600 2.55%

0

First World Mortgage | 2017 Rank: 3 | 2016 Rank: 4

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

2.73%

Multifamily Home Sales 2.64%

2,200

Norcom Mortgage | 2017 Rank: 4 | 2016 Rank: 3

2.57%

2-Family

3-Family

2.71% Quicken Loan Inc | 2017 Rank: 5 | 2016 Rank: 11

NUMBER OF SALES

1,760

1,320

880

2.55%

440 2.07%

2017

2016

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

0

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

DECEMBER 2017 | THE COMMERCIAL RECORD | 11

Best Of 2017

DESPITE BAD HEADLINES, REASONS FOR OPTIMISM PERSIST Development Expected To Drive Growth In Greater Fairfield

“

The best buys I've been seeing are those homes that need a little work.

You can usually get a great bargain on them and with some renovation, earn some instant sweat equity. On the seller side, those homes that are already updated are a hot commodity and have a lot of interest.”

— Carl Lantz, president, Greater Hartford Association of Realtors

12 | THE COMMERCIAL RECORD | DECEMBER 2017

BY JIM MORRISON | COMMERCIAL RECORD STAFF

I

t takes some doing to find good news in the Connecticut real estate market. While the year isn’t over, it looks like the number of sales will end down for the year, though the statewide median sale price will likely be up slightly – and there are reasons to think next year will see continued improvement.

Slow, Steady Success This year saw modest price appreciation statewide, and Connecticut Mortgage Bankers Association President Kevin Moran expects that trend to continue into 2018.

“We expect things to be on a steady path in 2018, and the CMBA is expecting moderate growth in the overall level of production,” Moran said. “We also expect moderate housing price appreciation, which is what we’ve seen over the last 18 to 24 months, and there is no real reason to expect anything other than a continuation of what we’ve seen.”

Moran cited governmental achievements like passing a budget and putting a plan together to provide relief for residents who own homes with crumbling concrete foundations as some of the more positive things that impacted the market this year.

As of the end of October, the year-to-date the median sales price of a single-family home in Connecticut was $250,000, up $4,000 from the 2016 median price at that time, according to data from The Warren Group, publisher of The Commercial Record.

The real estate crash hit Fairfield County harder than the other counties, and the recovery has been slower there than the rest of the state. This year, the state’s budget battles and the prospect of having the home mortgage interest deduction reduced or eliminated were the big clouds on the horizon. But there are still pockets of good news on the local level, if you know where to look.

Greater Fairfield Continues To Rebound General Electric dropped a bomb on Fairfield County last year when it announced it was going to uproot its headquarters – and hundreds of employees – taking them from Fairfield to Boston, and giving its campus to Sacred Heart University. But there’s good news coming on that front, according to Mark S. Barnhardt, director of economic development for the town of Fairfield.

Barnhardt said that both Sacred Heart University and Fairfield University – the town’s two largest employers – are reporting increases in enrollment and investment in their campuses.

“Fairfield University just announced plans to construct a new state-of-the-art, $40 million facility to accommodate the Dolan School of Business, which is expected to open in 2019,” Barnhardt wrote in an email.

That kind of investment bodes well for residential real estate, said Stephanie Barnes, an agent with William Raveis and president of the Greater Fairfield Board of Realtors. Employees of the universities will want to live reasonable near to them, and while

Fairfield is associated with large mansions, there are plenty of more modest homes available as well.

“Fairfield has lots of rental options and great starter homes,” Barnes said. “People who move to Fairfield tend to stay in Fairfield, so they want to have the flexibility to move up and to move down.”

There’s also new investment in elderly living, so aging parents can stay in the community when they are no longer able to live on their own.

There are three assisted living facilities currently under construction in Fairfield: Benchmark is constructing a $15 million, 88-unit assisted living facility behind the Carolton Chronic & Convalescent Care Facility on Mill Plain Road; in Southport, work has begun on a 98-unit assisted living/memory care facility by Maplewood; and Sunrise Senior Living is constructing a 83-unit assisted living/memory care facility in the Stratfield section of Fairfield.”

“Fairfield is a great place for multigenerational folks,” Barnhardt wrote. “You can be on the beach, in a town near a train and highways, you could be tucked into nature in beautiful Greenfield Hill, where there is seclusion, peace and privacy; and Greenfield Hill is only minutes to whatever you need to get to. For those with a younger family, there are so many options of kids activities from town activities, to sports, to arts – there is something for everyone.”

Barnhardt said investments in mixed-use and transit-oriented development are also expected to draw new people into town.

“There is something for everyone,” Barnes said. “Homes for those who are downsizing, homes for those who are growing and homes for all kinds of lifestyles. With a Fairfield lifestyle you get convenience to Manhattan and Boston, airports, trains and a short drive to the mountains if skiing is your thing.”

Buyers want turnkey properties more than ever these days, but not every seller can or will spruce up their home enough to spark a bidding war. But that can be a good thing, said Carl Lantz, RE/ Max agent and president of the Greater Hartford Association of Realtors; it makes it easier to find bargains for his buyers and helps him coach sellers on how to get top dollar for their home.

“The best buys I've been seeing are those homes that need a little work,” Lantz said. “You can usually get a great bargain on them and with some renovation, earn some instant sweat equity.

On the seller side, those homes that are already updated are a hot commodity and have a lot of interest.” n Email: jmorrison@thewarrengroup.com DECEMBER 2017 | THE COMMERCIAL RECORD | 13

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES Ion Bank’s Ginger Fennell has been promoted to chief risk officer and executive vice president.

Fennell is responsible for ensuring the bank maintains adequate credit, compliance and operational risk procedures to help the bank remain compliant with all banking laws and regulations.

She will effectively oversee the compliance, risk management and investment portfolio of the bank. Fennell has been with Ion Bank since 2003, holding the titles of staff accountant, accounting supervisor, accounting officer, controller and risk and investment officer. Prior to joining the bank, she was project manager at Diamond Management Systems and controller at Woodloch Pines Inc.

Robert E. Mallozzi III joined Bankwell on Dec. 4 as senior vice president and director of business development. Mallozzi recently completed three terms as first selectman of New Canaan. He has served as chairman of the New Canaan board of finance, Fairfield County CEO representative to the Department of Homeland Security and Emergency Management, ex officio of the New Canaan Town Council, and secretary and interior firefighter of the New Canaan Fire Company. He has also served on the boards of the Power House Theater/Town Players, New Canaan Library, Waveny Health Network, New Canaan Nature Center and Carriage Barn Art Center.

AWARDS & ACCOLADES

Top honors at the Wethersfield office of Berkshire Hathaway HomeServices New England and Westchester Properties went to Rob Rosa as the top selling agent and Marie Padilla as the top listing agent.

Additionally, BHHS received two HOBI Awards from the Home Builders & Remodelers Association of Connecticut. The first was for “Best Pre-Construction Marketing for a Community,” for the brokerage’s Essex Glen Development, and the second was “Best Promotional Video,” received for its profile on Grasso Development.

Pearce Real Estate’s Carl Russell was named the recipient of a 2017 National Commercial Award from the National Associations of Realtors. Russell was selected by his local association, the New Haven Middlesex Association of Realtors, as its CID honoree for the Community Service Award he received at 2016 Deals of the Year Awards. Russell, a specialist in investment analysis, has more than 40 years of experience in real estate. He is a member of the Society of Industrial and Office Realtors (SIOR) and a Certified Commercial Investment Member (CCIM), where he also is a nationally known instructor of the CCIM program. He currently is assistant adjunct professor of real estate at New York University. He also holds membership in the Greater New Haven Association of Realtors, Connecticut Association of Realtors and National Association of Realtors. He is a past president of the Connecticut CCIM Chapter, Connecticut SIOR Chapter, Connecticut CID chapter and the Greater New Haven Association of Realtors. He has been named “Realtor of the Year” by both the Greater New Haven Board of Realtors and the Connecticut Association of Realtors. He is also past president of the Rotary Club of Orange.

14 | THE COMMERCIAL RECORD | DECEMBER 2017

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.

JAMES RITMAN, EXECUTIVE VICE PRESIDENT AND MANAGING DIRECTOR, NEWMARK KNIGHT FRANK James Ritman, managing director of Newmark Knight Frank’s Stamford office, has brokered more than $2.2 billion in transactions since joining the firm in 2002.

What were the reasons for Newmark Knight Frank’s move from Greenwich to Stamford in 2015?

We’d recruited a team that was based in Westchester, so our Greenwich location was close to that office. That gave us a reason to move further north. Stamford is the major metro city in lower Fairfield County, so we were able to get a little bit closer to people who commute south to the office. And we’re in the city where most of the (commercial real estate) activity is going on.

What was your reaction to Gov. Malloy picking the Stamford and Hartford regions as the state’s two proposed sites for Amazon’s second headquarters?

Seeing what’s gone on in Stamford with the residential units built over the last 10 years, UConn Stamford expanding its programs and seeing companies like Charter and Bridgewater Assoc. move in down the street … it’s become a 365-24-7 city. The other thing that’s really unique about Stamford is you have these opportunities that are built and you have a lot of sites that are entitled or going through the entitlement process that are available to Amazon. To be able to go into good institutional quality buildings near the train or Harbor Point is incredible.

TOM HYLINSKI, EXECUTIVE VICE PRESIDENT, HEAD OF RETAIL LENDING DEPARTMENT, LIBERTY BANK Tom Hylinski is proud to call himself a dedicated community banker.

Looking back through your career, what is the biggest change you’ve seen in community banking and the Connecticut banking industry?

There has been two major crises during my career – in the late 1980s when the stock market crashed, and then in 2008 with the mortgage crisis that triggered the Great Recession. We’ve seen a lot of consolidation where many banks disappeared, and a lot less de novo banks are being formed.

That consolidation will continue. Nonbank competitors are also entering the marketplace, so community banks are not only competing with nationwide banks anymore.

What is your advice for community banks as they originate mortgages in the future?

Maintain focus on the customer and make sure the consumer understands all aspects of the transaction they are making so that when they get a mortgage, they can afford the house they are buying.

The last thing we would want is for someone to purchase a home they cannot afford.

CHRIS GRUSEKE, PRESIDENT AND CEO, BANKWELL BANK Connecticut has seen its fair share of troubles over the past year, but amid the hardship, Bankwell Financial Group, the holding company of New Canaan-based Bankwell Bank, led by Chris Gruseke, has been on a successful run.

Bankwell has been tremendously successful in growing deposits. How have you been able to do this in such a competitive market?

It is a zero-sum game. There are a certain number of deposits and bankers steal them from each other. But with great customer service comes deposits. Customers aren’t going to switch banks unless they have a reason, so when someone with a larger bank calls an 800 number and can’t get an answer, and the next day someone from my bank happens to call that person, they might be more likely to make the switch.

Are you more likely to be acquired or make an acquisition in the future?

Well, we can also grow organically. Last year, we generated $12 million in net income and I think our analyst has us projected to do $15 million for this year. We are generating our own capital at a pace sufficient to keep growing the bank at a double-digit rate. But we are also very opportunistic. Now that we’ve shown we can manage the bank well and that performance has been reflected in our stock price, we expect to see more opportunities.

DECEMBER 2017 | THE COMMERCIAL RECORD | 15

W

elcome to the results of our 10th 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 industries. The Commercial Record has since early September 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.

We feel good about you, and you feel good about us.

That’s a win win!

• • • • •

Personal Banking Mortgage & Equity Loans Wealth Management Business Banking Commercial Loans & Lines of Credit

860-448-4200 chelseagroton.com

16 | THE COMMERCIAL RECORD | DECEMBER 2017

OF 2017

BUILDING DESIGN/ ARCHITECT

BANKING ACCOUNTING/AUDIT Gold Silver

Wolf & Co. Shatswell MacLeod

Bronze

Bennington Partners

ADVERTISING/MARKETING Gold Silver

Sundin Associates Makiaris Media

Bronze

The Donaldson Group

Gold Silver

New England Design Associates Solidus

Bronze

Provost & Rovero

BUSINESS FORMS Gold Silver

Harland Clarke Financial Printing Solutions

Bronze

American Solutions for Business

CHECK PRINTING ATM/CURRENCY COUNTER Gold Silver

New England Money Handling Systems Inc. Diebold Inc.

Bronze

CSC - Customized Service Concepts

COMMUNITY BANK Gold Silver

Jewett City Savings Bank Essex Savings Bank

Bronze

Chelsea Groton Bank

COMPLIANCE Gold Silver

Integrated Financial Systems Wolf & Co.

Bronze

Bennington Partners

CONSULTANT Gold

Gold Harland Clarke Silver Deluxe

Silver

Bronze

Bronze

Phoenix Printing

COMMERCIAL LENDING Gold Silver

People's United Bank Eastern Savings Bank

Bronze

Simsbury Bank & Trust Co.

Sheshunoff Consulting + Solutions Northeast Capital and Advisory Inc. Whittlesey & Hadley PC

CORRESPONDENT BANKING Gold Silver

Federal Home Loan Bank of Boston Eastern Bank

Bronze

BBN Bankers Bank Northeast Continued on page 18

Your Votes. Our Thanks.

Jewett City Savings Bank would like to thank the readers of The Commercial Record for choosing us as the “Best Community Bank” in Connecticut for the fourth consecutive year!

It’s an honor to serve you.

Member FDIC

Brooklyn • Dayville • Jewett City Plainfield • Preston JCSBank.com • 860-376-4444 DECEMBER 2017 | THE COMMERCIAL RECORD | 17

BROKERAGE

BANKING CONT. Gold

CREDIT UNION Gold Silver

Charter Oak Federal Credit Union American Eagle Federal Credit Union

Bronze

Nutmeg State Federal Credit Union

RESIDENTIAL LENDING Gold Silver

People's United Bank Eastern Savings Bank

Bronze

Simsbury Bank & Trust Co

COMMERCIAL REAL ESTATE 1031 EXCHANGE Gold Silver

Asset Preservation Inc. First American Title Insurance

Bronze

CATIC

Silver

Calcagni Commercial Real Estate Hastings Real Estate

Bronze

Cushman & Wakefield

EDUCATIONAL PROVIDER

LENDING Gold Silver

People's United Bank Eastern Savings Bank

Bronze

Simsbury Bank & Trust Co.

PROJECT MANAGEMENT Gold

Gold Silver Bronze

Connecticut Association of Realtors The Connecticut Real Estate Institute CCIM Institute

Silver

Americas Project Management Services LLC Diversified Project Management

Bronze

Project Management Associates

PROPERTY MANAGEMENT Gold

FINANCING Gold Silver

New England Federal Credit Union Essex Savings Bank

Bronze

Village Mortgage

18 | THE COMMERCIAL RECORD | DECEMBER 2017

Silver Bronze

Archstone Property Management LLC Martorelli Property Management Simon Konover Company

SECURITY Gold ADT Silver Black Lab Alarm Bronze

ASE

RESIDENTIAL REAL ESTATE APPRAISER Gold Silver

Connecticut Property Appraisers Biondi and Rosengrant LLC

Bronze

Ashley Scarborough & Pierce

AUCTIONEER Gold Silver

B & S Auction Services JJ Manning

Bronze

Harkins Real Estate & Auctions

CLOSING ATTORNEY Gold Silver

Dalton & Finegold Penner Law Firm

Bronze

Kriss Law

HOME INSPECTOR Gold Silver Bronze

MacGregor Home Inspections Tiger Home & Building Inspections

Gold Silver

Martin Moving & Storage Co. Greene Moving & Storage

Bronze

Joyce Van Lines

Absolute Home Inspection

HOME SECURITY Gold ADT Silver Standard Security Systems Bronze

MOVING COMPANY

Advanced Alarms Security

PROPERTY MANAGEMENT Gold Silver

DeMarco Management Corp.

Simon Konover Co.

Bronze

Residential Management Corp.

Systems Inc.

BROKERAGE

MAINTENANCE COMPANY Gold Silver

Dan Tiezzi & Sons Builders Statewide Home Improvement LLC

Bronze

Allied Drain Cleaning

MORTGAGE COMPANY Gold Silver

Norcom Mortgage Village Mortgage Co.

Bronze

North Atlantic Mortgage Co.

best

adjective \ ‘best \ excelling all others

Gold RE/MAX Silver Berkshire Hathaway HomeServices New England Properties Bronze

Calcagni Real Estate

TITLE INSURANCE Gold CATIC Silver First American Title Insurance Co. Bronze

Chicago Title Insurance Co. Continued on page 20

Source: Merriam-Webster

Simply the best. Best in class. Best in show. Best of all. Best of the bunch. The best of the best.

Best day ever. Nothing but the best. The best that money can buy. The best and the brightest.

The best thing since sliced bread. The best intentions. The best laid plans. Do your level best. Give it your best shot. Put your best foot forward. Hope for the best. To the best of your ability. Bring out the best.

Your best bet. Make the best of a bad job. Honesty is the best policy. The best things in life are free. The best of both worlds. Hit me with your best shot. The best of a bad lot. Best case scenario.

In your best interest. On your best behavior. It’s the best I can do. It was the best of times. Laughter is the best medicine. Best friends forever. Mother knows best. Man’s best friend. Best of luck.

Best regards. All the best. Best wishes. Best stop now.

Thanks for naming us the best.

Voted the Best Bank Marketing Agency in Connecticut 2017, 2016, 2015, 2014

Marketing | Advertising | Online SundinInc.com 508 650 3972

Can you correctly identify the “best” advertising slogans? Visit SundinInc.com/BestSlogans to take our quiz!

DECEMBER 2017 | THE COMMERCIAL RECORD | 19 7.25" x 4.75"

DEVELOPMENT & CONSTRUCTION

Gold

ARCHITECT/DESIGN Gold Silver

Antinozzi & Associates Elkus Manfredi Architects

Bronze

Gensler

GENERAL CONTRACTOR Gold Silver

Silver

R & F Building and Remodeling LLC Downes Construction Co. LLC

Mohegan Sun The Riverhouse at Goodspeed Station

Bronze

McKiernan Construction LLC

Bronze

Aqua Turf Club

MECHANICAL CONTRACTOR

ENGINEERING

Gold

Gold Silver

Aztech Engineering.

Fuss & O'Neil

Silver

Bronze

BL Cos. Inc.

Ferguson Electrical Contractors Inc. Depco Mechanical LLC

Bronze

ENVIRONMENTAL SERVICES Gold

Environmental Compliance Services Inc. GeoInsight Inc.

Silver Bronze

Berkshire Environmental Services & Technology

ZTECH

EVENT FACILITY

Gold Silver

Hobson Associates Robert Half International

Bronze

Matthews & Stephens Associates

EMCOR Services New England Mechanical

GENERAL COMMUNICATIONS Gold AT&T Silver Verizon Bronze

EXECUTIVE SEARCH

Comcast

GOLF COURSE Gold Silver

Lake of Isles Golf Club and Resort Fox Hopyard Golf Course

Bronze

Tunxis Plantation Country Club

HOTEL Gold Silver

Ramada Inn at Bradley International Airport Simsbury Inn

Bronze

Avon Old Farms Hotel

ENGINEERS, INC.

901 Wethersfield Ave, Hartford, CT 06114 | 860-548-9987 | www. AZTECH.com

OVER 20 YEARS OF MECHANICAL, ELECTRICAL, PLUMBING & FIRE PROTECTION ENGINEERING SOLUTIONS & DESIGN

THANK YOU!

Proud to be voted Gold for Development & Construction Engineering.

OF 2017

20 | THE COMMERCIAL RECORD | DECEMBER 2017

INSURANCE Gold Allstate Silver UnitedHealth Group Bronze

Chubb Group of Insurance Companies

LAW FIRM

is proud to be ranked

Gold Silver

Raczka & Raczka Hinckley Allen

Bronze

Law Offices of David J. Weiss

MARKETING/PR AGENCY Gold Silver

Silver Creative Group Baldwin Media Marketing LLC

Bronze

GO Media

TECHNOLOGY Gold CSI Computer Services Inc. Silver CTComp Bronze

ASG Information Technologies

TEMP AGENCY Gold Silver

Spherion Staffing Services A.R. Mazzotta Employment

Bronze

Kelly Services Inc.

CONGRATULATIONS TO ALL OF OUR WINNERS!

OF

#1 (GOLD) IN BANKING Residential Lending and Commercial Real Estate

By The Commercial Record’s Best of 2017

OF 2017

Selected with the loyalty and support of the Nutmeg State’s financial and real estate communities in The Commercial Record’s tenth annual reader’s poll, People’s United Bank is honored to be among the Gold award winners.

Let’s Talk.

13 OF 13 20OF 2

20

People’s United Bank

017

www.peoples.com

©People’s United Bank, N.A. Member FDIC | Equal Housing Lender

EQUAL HOUSING

L EN D ER

DECEMBER 2017 | THE COMMERCIAL RECORD | 21

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

TOP 3 STATEWIDE 83 Wooster Hts, Danbury............ $31,750,000

451 Main St, East Hartford.......... $9,846,500

665 N Colony Rd, Wallingford...... $4,000,000

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

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

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

Buyer: .................................CT Property&Realty LLC

Buyer:.................................... Coca Cola Bottling Co

Buyer:................... Maksud Shaikh & Saeeda Shaikh

Seller: ...................................Lee Farm Partners LLC

Seller: ................................Coca Cola Refreshments

Seller:............................... Old Colony Of Wallingford

Mtg: ............................ Berkshire Bank $25,400,000

Date:......................................................... 10/13/17

Mtg: .....................NorthEast Comm BK $3,000,000

Date: ......................................................... 10/30/17

Total Assessed Value (2017): ..................$6,892,550

Date: ......................................................... 10/20/17

Total Assessed Value (2017): ................$16,362,500

Lot Size: .................................................. 1214017sf

Total Assessed Value (2017): ..................$1,428,100

Lot Size:.................................................... 457816sf

Prior Sale: .....................................$280,000 (09/99)

Lot Size: ...................................................... 79715sf

Prior Sale: ................................$25,750,000 (11/04)

Prior Sale: ..................................$1,000,000 (08/06)

FAIRFIELD 83 Wooster Hts, Danbury...............$31,750,000 Use:............................................. Commercial Building Buyer: .................................... CT Property&Realty LLC Seller: ......................................Lee Farm Partners LLC Mtg:............................... Berkshire Bank $25,400,000 Date:............................................................ 10/30/17 Total Assessed Value (2017):................... $16,362,500 Lot Size: ....................................................... 457816sf Prior Sale: ...................................$25,750,000 (11/04)

HARTFORD 451 Main St, East Hartford............. $9,846,500 Use:............................................. Commercial Building Buyer: ....................................... Coca Cola Bottling Co Seller:................................... Coca Cola Refreshments Date: ............................................................ 10/13/17 Total Assessed Value (2017): .....................$6,892,550 Lot Size: ..................................................... 1214017sf Prior Sale: ........................................$280,000 (09/99)

300 W Putnam Ave, Greenwich...... $3,600,000 Use:............................................................. Retail-Any Buyer: ........................................... Rockhill Real Estate Seller: .......................................... JOA Greenwich LLC Mtg: ...................................M&T Bank NA $3,840,000 Date: ............................................................ 10/10/17 Total Assessed Value (2017): .....................$1,423,310 Lot Size: ......................................................... 15246sf Prior Sale: .....................................$2,500,000 (05/14)

1075 E Putnam Ave, Greenwich..... $3,500,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer: ...............................1075 Post Road Realty LLC Seller: ..........................................Ernest Gentile Realty Mtg: .........................1075 Post Rd Realty $1,224,000 Date: ............................................................ 10/11/17 Total Assessed Value (2017):..................... $1,541,120 Lot Size: ......................................................... 10019sf

16-26 Girard Ave, Hartford............. $2,352,941 Use:................................... Apartment Bldg - 9 + Units Buyer: ..................................... 26 Girard Partners BSD Seller: .....................................16-26 Girard Ave Assoc Date: ............................................................ 09/29/17 Total Assessed Value (2016):........................ $752,710 Lot Size: ......................................................... 24394sf

370 Asylum St, Hartford................. $2,336,000 Use:...............................................Office Bldg-General Buyer:................................... Teachers Corner Hartford Seller: ................................ NE Neighborhood Partners Mtg: ....................... Connecticut State Of $4,199,961 Date:............................................................ 10/02/17 Total Assessed Value (2016):..................... $1,858,920 Lot Size: ......................................................... 15850sf Prior Sale:................................... $14,000,000 (04/88)

Southbury Rd, Roxbury.................... $740,000 Use:.................................. Forest Use-Christmas Trees Buyer: ................................................. Juliette Poussot Seller: .... Gwen R Rohn Ex, Ex for VanSaun Ann M Est Date: ............................................................ 10/31/17 Total Assessed Value (2017):............................ $3,670 Lot Size: ..................................................... 1428768sf

25 Lassy Ct, Plymouth..................... $545,000 Use:.............................................Industrial Warehouse Buyer:............................................. MPL Holdings LLC Seller: .......................................... Pawprint Realty LLC Mtg: ......................................Webster Bank $436,000 Date: ............................................................ 10/31/17 Total Assessed Value (2016): ........................$219,450 Lot Size: ....................................................... 115870sf

362 Industrial Park Rd U:1, Middletown............

1231 Boston Post Rd, Old Saybrook.... $770,175 Use:............................................. Commercial Building Buyer: ................................................ 1231 Bpros LLC Seller: ......................................................Tina Falivene Date: ............................................................ 10/06/17 Total Assessed Value (2017):........................ $488,700 Lot Size:....................................................... 100624sf

LITCHFIELD Town St, Cornwall............................ $850,000 Use:............................................ Farm and Forest Use Buyer: ....................................North Cornwall Overlook Seller: .................................................John J Odonnell Date: ............................................................ 10/02/17 Total Assessed Value (2017): ............................$8,900 Lot Size: ..................................................... 1895296sf

MIDDLESEX 127 Grand St, Middletown.............. $2,700,000 Use:............................................... Apartment Building Buyer:................................... 127 Grand St Realty LLC Seller:................................................. Tico Realty LLC Mtg: ..................... CBRE Capital Mkts Inc $2,165,000 Date:............................................................ 10/13/17 Total Assessed Value (2017):..................... $1,393,600 Lot Size:......................................................... 25265sf Prior Sale:..................................... $2,350,000 (09/07)

$2,000,000 Use:.......................................... Non-residential Condo Buyer: ..................................... Landmark Infrastructure Seller:................................... Sakon Development LLC Date: ............................................................ 10/30/17 Total Assessed Value (2017):........................ $585,330 Prior Sale: .....................................$1,150,000 (12/05)

22 | THE COMMERCIAL RECORD | DECEMBER 2017

FEATURED PROPERTY 582 Ocean Ave, New London........................................................ $1,900,000 Use:.................................................................................................. Other Exempt Buyer: ........................................................................... Learn Regional Educat Svc Seller: .............................................................................. Congregation Beth El Inc Date: ........................................................................................................10/23/17 Total Assessed Value (2017): ................................................................ $3,368,190 Lot Size: .................................................................................................. 273557sf

NEW HAVEN 665 N Colony Rd, Wallingford......... $4,000,000 Use:............................................. Commercial Building Buyer: .......................Maksud Shaikh & Saeeda Shaikh Seller: .................................. Old Colony Of Wallingford Mtg: ........................ NorthEast Comm BK $3,000,000 Date: ............................................................ 10/20/17 Total Assessed Value (2017): .....................$1,428,100 Lot Size: ......................................................... 79715sf Prior Sale: .....................................$1,000,000 (08/06)

363 Boston Post Rd, Orange.......... $2,200,000 Use:............................................. Commercial Building Buyer:.................................... Green Olive Props Mgmt Seller: ............................... 363 Boston Post Road LLC Date: ............................................................ 10/20/17 Total Assessed Value (2017): ........................$970,900 Lot Size: ......................................................... 30056sf Prior Sale:..................................... $1,475,000 (06/07)

286 Fairfield Ave, Waterbury.......... $1,750,000 Use:.........................................................Supermarket Buyer:..................................... 286 Fairfield Realty LLC Seller:......................................... Pilot Supermarket Inc Date:............................................................ 10/13/17 Total Assessed Value (2017):........................ $732,220 Lot Size:......................................................... 44867sf

338 Route 12, Groton...................... $950,000 Use:.............................................. Gas/Service Station Buyer: ......................................Dart Groton Realty LLC Seller: ................................Marathan Petroleum Co LP Date: ............................................................ 10/13/17 Total Assessed Value (2017): ........................$437,220 Lot Size: ......................................................... 16553sf Prior Sale:.........................................$741,652 (10/14)

340 West Rd, Salem......................... $535,000 Use:.................................. Forest Use-Christmas Trees Buyer: .................................................. David Bingham Seller: .................................. Off Road Enterprises LLC Date: ............................................................ 10/24/17 Total Assessed Value (2017): ..........................$72,660 Lot Size: ..................................................... 8058600sf Prior Sale: ........................................$605,895 (07/04)

60 Industrial Park Rd, Vernon.......... $700,000 Use:......................................... Manufacturing Building Buyer: ..........................................DJV Real Estate LLC Seller:................................................. Lilymaxjack LLC Date: ............................................................ 10/03/17 Total Assessed Value (2017): .....................$1,186,880 Lot Size:....................................................... 232175sf Prior Sale: ........................................$753,000 (07/03)

133 W Main St, Vernon.................... $448,000 Use:............................................... Apartment Building Buyer: ........................................... 133 W Main St LLC Seller: ..................................... Monark Associates LLC Mtg: .................................Silver Hill Funding $330,000 Date: ............................................................ 10/20/17 Total Assessed Value (2017): ........................$343,020 Lot Size: ......................................................... 15682sf Prior Sale: ........................................$205,000 (04/03)

409 Main St, Killingly....................... $300,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer:...................................................... Lisa A Butler Seller: ............................................ Kristen H Malbaurn Mtg: ............................. First Alliance Lendin $294,566 Date:............................................................ 10/23/17 Total Assessed Value (2017): ........................$160,090 Lot Size......................................................... : 35719sf Prior Sale: ........................................$236,000 (06/11)

719 Cook Hill Rd, Killingly............... $296,900 Use:.................................. Forest Use-Christmas Trees Buyer:............................. Marianne Wood & Ann Griffith Seller: ................................. Pine Acres Properties LLC Mtg: ....................Freedom Home Mtg Corp $286,990 Date: ............................................................ 09/19/17 Total Assessed Value (2017):........................ $152,700 Lot Size: ....................................................... 274428sf

NEW LONDON 582 Ocean Ave, New London.......... $1,900,000 Use:....................................................... Other Exempt Buyer: ................................Learn Regional Educat Svc Seller: ................................... Congregation Beth El Inc Date: ............................................................ 10/23/17 Total Assessed Value (2017): .....................$3,368,190 Lot Size: ....................................................... 273557sf

TOLLAND Mansfield City Rd, Mansfield.......... $1,000,000 Use:..............................................................Farm Use Buyer: .............. Frank C Costigliola & Diann M Bertucci Seller: ..................................................Myron W Green Date:............................................................ 10/17/17 Total Assessed Value (2017): ..........................$16,300 Lot Size: ..................................................... 8319960sf

WINDHAM 44 Providence Pike, Putnam........... $1,900,000 Use:............................................. Commercial Building Buyer: .......................................................JR&R 2 LLC Seller:........................................................ Kmart Corp Mtg: ................................. Minnwest Bank $1,520,000 Date: ............................................................ 10/02/17 Total Assessed Value (2017):..................... $3,610,551 Lot Size: ....................................................... 656449sf Prior Sale: ...................................$56,500,000 (03/97)

DECEMBER 2017 | THE COMMERCIAL RECORD | 23

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BETHEL 1 Family

1 6

16

0.00%

156

152

-2.56%

$282,250

$313,950

11.23%

$295,000

$317,500

7.63%

Condo

5

9

80.00%

65

84

29.23%

$318,000

$175,500

-44.81%

$278,000

$293,000

5.40%

2 2

30

36.36%

278

302

8.63%

$298,750

$326,950

9.44%

$303,170

$315,904

4.20%

11.33%

All Sales

BRIDGEPORT 1 Family

4 5

61

35.56%

465

529

13.76%

$154,500

$160,000

3.56%

$154,500

$172,000

Condo

3 9

38

-2.56%

229

263

14.85%

$98,000

$65,000

-33.67%

$73,000

$74,900

2.60%

1 31

158

20.61% 1,147

1,318

14.91%

$127,000

$140,000

10.24%

$129,000

$145,000

12.40%

All Sales

BROOKFIELD 1 Family

1 4

22

57.14%

165

159

-3.64%

$393,500

$363,250

-7.69%

$345,000

$361,500

4.78%

Condo

8

10

25.00%

69

74

7.25%

$279,450

$269,900

-3.42%

$215,000

$202,500

-5.81%

2 5

34

36.00%

286

284

-0.70%

$325,000

$346,000

6.46%

$306,000

$325,000

6.21%

1 Family

3 5

47

34.29%

383

392

2.35%

$270,000

$281,000

4.07%

$270,000

$296,376

9.77%

Condo

3 9

35

-10.26%

337

319

-5.34%

$157,000

$150,000

-4.46%

$189,000

$190,000

0.53%

1 02

118

15.69%

945

923

-2.33%

$255,000

$270,000

5.88%

$260,000

$277,000

6.54%

1 Family

2 2

17

-22.73%

244

262

7.38%

$1,267,500

$1,355,000

6.90% $1,317,500

$1,352,500

2.66%

Condo

2

0 -100.00%

19

17

-10.53%

All Sales

DANBURY

All Sales

DARIEN

All Sales

2 6

19

-26.92%

285

313

9.82%

1 Family

2

11

450.00%

87

95

9.20%

Condo

0

0

0

0

2

11

450.00%

98

109

11.22%

N/A $1,406,500

N/A

N/A $ 1,469,500

$738,000 -49.78%

$1,355,000

-3.66% $1,320,000

$1,315,000

-0.38%

$475,000

N/A $610,000

$585,000

-4.10%

EASTON

All Sales

N/A

N/A

N/A N/A N/A

N/A $475,000

N/A

N/A

N/A $598,500

N/A

N/A

$535,000 -10.61%

FAIRFIELD 1 Family

5 2

57

9.62%

615

683

11.06%

$586,250

$505,000

-13.86%

$590,000

$575,000

-2.54%

Condo

9

16

77.78%

92

115

25.00%

$360,000

$335,750

-6.74%

$337,250

$350,000

3.78%

6 5

82

26.15%

804

927

15.30%

$497,000

$482,450

-2.93%

$543,500

$550,000

1.20%

10.47% $1,472,500

All Sales

GREENWICH 1 Family

2 7

22

-18.52%

308

285

-7.47%

$1,256,000

$1,387,500

Condo

9

10

11.11%

102

103

0.98%

$750,000

$705,000

4 8

43

-10.42%

480

492

2.50%

$830,000

$1,200,000

1 Family

1 6

19

18.75%

165

176

6.67%

$322,500

$320,000

-0.78%

Condo

3

4

33.33%

50

46

-8.00%

$222,000

$196,000

-11.71%

2 2

23

4.55%

247

260

5.26%

$304,000

$315,000

3.62%

$1,347,500

All Sales

$1,450,000

-1.53%

$671,650

$655,000

-2.48%

44.58% $1,100,000

$1,168,000

6.18%

$357,500

$355,000

-0.70%

$229,500

$209,000

-8.93%

$330,000

$330,000

0.00%

$1,517,500

12.62% $1,455,001

$1,453,750

-0.09%

$797,500

N/A $545,000

$620,000

13.76%

8.14% $1,310,000

$1,250,000

-4.58%

$330,000

1.54%

-6.00%

MONROE

All Sales

NEW CANAAN 1 Family

1 4

16

14.29%

184

188

2.17%

Condo

1

6

500.00%

49

45

-8.16%

1 8

23

27.78%

253

257

1.58%

$1,155,000

$1,249,000

5.56%

176

190

7.95%

$351,250

$317,500

2

2

0.00% 4.95%

$342,500

$307,250

All Sales

N/A

NEW FAIRFIELD 1 Family

1 8

19

Condo

0

0

2 3

20

-13.04%

202

212

All Sales

N/A

N/A

N/A

-9.61% N/A

$325,000 N/A

N/A

N/A

-10.29%

$315,650

$326,200

3.34%

1.42%

NEWTOWN 1 Family

3 2

28

-12.50%

324

340

4.94%

$340,500

$347,500

2.06%

$370,250

$375,501

Condo

3

5

66.67%

39

37

-5.13%

$268,000

$415,000

54.85%

$324,255

$350,500

8.09%

4 1

38

-7.32%

413

438

6.05%

$325,000

$350,250

7.77%

$365,000

$363,250

-0.48%

All Sales

24 | THE COMMERCIAL RECORD | DECEMBER 2017

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORWALK 1 Family

5 3

63

18.87%

545

577

5.87%

$439,500

$460,000

4.66%

$430,000

$451,700

5.05%

Condo

3 5

39

11.43%

294

330

12.24%

$253,000

$242,500

-4.15%

$265,000

$256,750

-3.11%

9 7

112

15.46%

993

1,054

6.14%

$379,000

$402,500

6.20%

$380,000

$385,000

1.32%

1 Family

1 1

7

-36.36%

98

108

10.20%

$530,000

$462,500

-12.74%

$521,500

$490,000

-6.04%

Condo

0

0

4

4

0.00%

N/A $264,500

$431,500

63.14%

1 3

9

-30.77%

121

127

4.96%

$485,000

$462,500

-6.86%

All Sales

REDDING

All Sales

N/A

N/A

N/A

-4.64%

$510,000

$475,000

RIDGEFIELD 1 Family

3 5

33

-5.71%

287

309

7.67%

$549,000

$585,000

6.56%

$638,000

$638,500

0.08%

Condo

9

4

-55.56%

59

63

6.78%

$216,000

$259,500

20.14%

$220,000

$313,500

42.50%

4 7

38

-19.15%

372

398

6.99%

$529,500

$513,000

-3.12%

$598,750

$585,000

-2.30%

1 Family

3 8

37

-2.63%

301

313

3.99%

$337,500

$339,900

0.71%

$320,000

$310,000

-3.13%

Condo

1 6

12

-25.00%

129

108

-16.28%

$260,500

$231,750

-11.04%

$250,000

$266,200

6.48%

61

-8.96%

513

508

-0.97%

$335,000

$310,000

-7.46%

$306,500

$306,750

0.08%

50.00%

38

48

26.32%

$307,500

$560,000

82.11%

$442,500

$433,500

-2.03%

0

0

50.00%

45

57

26.67%

$307,500

$355,500

15.61%

$399,900

$425,000

All Sales

SHELTON

All Sales

6 7

SHERMAN 1 Family

4

6

Condo

0

0

6

9

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A 6.28%

STAMFORD 1 Family

5 4

56

3.70%

592

575

-2.87%

$537,825

$512,500

-4.71%

$554,250

$560,000

1.04%

Condo

6 7

61

-8.96%

548

520

-5.11%

$309,000

$280,000

-9.39%

$312,250

$308,000

-1.36%

1 55

139

-10.32% 1,405

1,314

-6.48%

$400,000

$400,000

0.00%

$432,250

$440,750

1.97%

All Sales

STRATFORD 1 Family

6 7

56

-16.42%

513

561

9.36%

$228,000

$233,500

2.41%

$229,000

$240,000

4.80%

Condo

1 6

17

6.25%

134

139

3.73%

$170,000

$190,000

11.76%

$170,000

$175,900

3.47%

1 01

102

0.99%

778

847

8.87%

$212,000

$203,500

-4.01%

$212,250

$220,000

3.65%

$349,000

$364,000

4.30%

$360,000

$382,000

6.11%

N/A $300,000

$297,500

-0.83%

All Sales

TRUMBULL 1 Family

4 3

41

-4.65%

441

369

-16.33%

Condo

2

9

350.00%

29

39

34.48%

4 6

51

10.87%

488

439

-10.04%

$338,450

$360,000

6.37%

$355,000

$372,000

4.79%

1 Family

1 4

9

-35.71%

144

128

-11.11%

$818,500

$722,000

-11.79%

$757,500

$792,750

4.65%

Condo

0

0

0

0

1 8

9

-50.00%

155

142

-8.39%

$762,500

$722,000

$1,620,000

All Sales

N/A

$282,000

WESTON

All Sales

N/A

N/A

N/A

N/A

N/A -5.31%

N/A

N/A

N/A

$753,500

$780,000

3.52%

$1,175,000

-27.47% $1,250,000

$1,237,500

-1.00%

$521,000

N/A $642,500

WESTPORT 1 Family

1 9

23

21.05%

301

339

12.62%

Condo

2

3

50.00%

18

31

72.22%

2 5

36

44.00%

363

432

19.01%

$1,100,000

$982,500

-10.68% $1,175,000

1 Family

1 4

13

-7.14%

184

181

-1.63%

$762,500

$672,000

-11.87%

Condo

1

1

0.00%

28

25

-10.71%

1 6

18

12.50%

228

233

2.19%

$660,000

$546,292

-17.23%

All Sales

N/A

$499,000 -22.33% $1,103,750

-6.06%

$777,000

$730,000

-6.05%

N/A $338,250

$367,000

8.50%

$717,000

$695,000

-3.07%

WILTON

All Sales

N/A

N/A

FAIRFIELD COUNTY 1 Family

6 45

679

5.27% 6,716

6,959

3.62%

$395,000

$395,000

0.00%

$430,000

$444,000

3.26%

Condo

2 66

279

4.89% 2,296

2,364

2.96%

$222,500

$235,000

5.62%

$252,000

$255,000

1.19%

1 ,116 1,183

6.00% 10,899

11,386

4.47%

$330,000

$340,000

3.03%

$360,000

$370,000

2.78%

All Sales

DECEMBER 2017 | THE COMMERCIAL RECORD | 25

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

AVON 1 Family Condo All Sales

1 8 1 1 3 3

13 4 19

-27.78% -63.64% -42.42%

210 96 328

213 96 336

1.43% 0.00% 2.44%

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

$542,500 $191,500 $353,000

48.33% 0.26% 38.43%

$410,500 $202,500 $331,500

$435,000 $202,000 $327,500

5.97% -0.25% -1.21%

2 0 7 3 4

17 3 26

-15.00% -57.14% -23.53%

152 41 221

164 28 232

7.89% -31.71% 4.98%

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

$265,000 $305,000 $250,000

7.29% 35.56% 12.36%

$247,500 $231,000 $240,000

$255,450 $241,450 $240,000

3.21% 4.52% 0.00%

2 0 8 2 9

20 2 26

0.00% -75.00% -10.34%

211 53 289

196 57 281

-7.11% 7.55% -2.77%

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

$192,500 18.48% N/A -100.00% $215,000 22.16%

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

$199,450 $225,000 $200,000

13.32% -4.26% 2.56%

4 2 1 0 6 8

80 12 111

90.48% 20.00% 63.24%

464 104 709

545 107 817

17.46% 2.88% 15.23%

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

$169,950 $108,000 $167,888

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

$170,000 $105,000 $158,500

-2.30% -0.94% -2.16%

1 0 0 1 5

9 0 12

-10.00% N/A -20.00%

91 2 115

110 0 134

20.88% -100.00% 16.52%

$303,000 N/A $370,000

$377,500 24.59% $268,000 N/A N/A N/A $363,700 -1.70% $290,000

$319,950 19.38% N/A N/A $324,950 12.05%

1 4 5 2 1

16 1 19

14.29% -80.00% -9.52%

97 35 146

117 39 181

20.62% 11.43% 23.97%

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

$323,750 16.14% N/A -100.00% $304,900 27.04%

$308,000 $148,500 $268,250

$307,000 $136,500 $280,000

5 2 10

-28.57% -33.33% -9.09%

67 10 85

62 21 96

-7.46% 110.00% 12.94%

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

$277,000 7.57% N/A -100.00% $249,500 -3.11%

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

$278,500 8.16% $127,000 -26.80% $262,500 3.52%

50 5 68

6.38% -16.67% -2.86%

411 38 577

468 105 694

13.87% 176.32% 20.28%

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

$153,200 $112,000 $151,290

3.30% 24.79% 6.17%

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

$145,000 -2.68% $60,000 -37.82% $134,450 -7.21%

1 2 8 2 5

10 3 18

-16.67% -62.50% -28.00%

79 33 155

91 46 187

15.19% 39.39% 20.65%

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

$253,500 $250,000 $263,450

15.10% 71.29% 44.36%

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

$195,000 $138,000 $157,000

-7.14% -6.76% -7.65%

4 1 1 0 6 1

53 4 64

29.27% -60.00% 4.92%

402 102 571

470 81 615

16.92% -20.59% 7.71%

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

$176,500 $192,500 $176,750

2.02% 21.26% 1.00%

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

$178,200 $139,000 $175,900

4.98% -1.73% 6.61%

22 14 38

4.76% -26.32% -13.64%

200 154 392

208 151 419

4.00% -1.95% 6.89%

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

$321,500 $182,500 $251,500

-13.92% 17.74% -5.09%

$346,000 $185,750 $267,755

$352,500 $188,500 $266,000

1.88% 1.48% -0.66%

3 5 1 4 5 6

21 13 41

-40.00% -7.14% -26.79%

397 119 571

353 104 522

-11.08% -12.61% -8.58%

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

$390,000 $157,500 $288,500

8.39% 18.20% 3.41%

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

$339,000 $170,000 $294,750

-1.74% 0.00% -4.92%

1 4 0 1 9

13 3 19

-7.14% N/A 0.00%

126 11 167

135 21 186

7.14% 90.91% 11.38%

$235,550 N/A $270,000

$290,000 $308,000 $290,000

23.12% $268,750 N/A $190,000 7.41% $260,000

$281,800 4.86% $169,000 -11.05% $259,000 -0.38%

37 7 79

60.87% 40.00% 31.67%

236 91 693

262 100 746

11.02% 9.89% 7.65%

$125,000 $75,000 $144,000

$125,000 $80,000 $143,000

0.00% 6.67% -0.69%

$128,950 $62,500 $137,500

1 0 2

0.00% N/A 100.00%

10 0 11

12 0 21

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

1.07% -11.11% 3.63%

BURLINGTON 1 Family Condo All Sales

CANTON 1 Family Condo All Sales

-0.32% -8.08% 4.38%

EAST GRANBY 1 Family Condo All Sales

7 3 1 1

EAST HARTFORD 1 Family Condo All Sales

4 7 6 7 0

EAST WINDSOR 1 Family Condo All Sales

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

2 1 1 9 4 4

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

2 3 5 6 0

$123,000 $47,500 $130,000

4.84% 31.58% 5.77%

HARTLAND 1 Family Condo All Sales

1 0 1

20.00% N/A 90.91%

26 | THE COMMERCIAL RECORD | DECEMBER 2017

N/A N/A N/A

N/A N/A N/A

N/A $260,000 N/A N/A N/A $255,000

$310,250 19.33% N/A N/A $288,000 12.94%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

MANCHESTER 1 Family Condo All Sales

5 7 1 1 8 5

57 13 94

0.00% 18.18% 10.59%

466 85 692

564 109 808

21.03% 28.24% 16.76%

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

$174,900 $64,792 $162,000

11 0 13

175.00% N/A 160.00%

69 2 78

95 3 108

37.68% 50.00% 38.46%

$211,000 N/A $206,000

43 6 82

-2.27% 0.00% 7.89%

337 51 644

380 54 697

12.76% 5.88% 8.23%

36 18 57

44.00% 12.50% 29.55%

237 140 419

279 123 444

13 8 24

-27.78% 166.67% -7.69%

121 43 205

9 21 33

0.00% 50.00% 17.86%

25 7 34

1.69% -48.78% -4.00%

$167,000 $102,000 $163,500

$174,000 $110,000 $169,175

4.19% 7.84% 3.47%

$248,000 17.54% $272,500 N/A N/A N/A $257,000 24.76% $269,650

$248,000 $215,000 $244,000

-8.99% N/A -9.51%

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

$130,000 $77,900 $131,250

-8.74% 60.62% -7.21%

$135,000 $65,000 $132,700

$135,000 $94,500 $135,000

0.00% 45.38% 1.73%

17.72% -12.14% 5.97%

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

$210,000 $136,500 $193,500

5.00% 1.87% 0.91%

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

$220,000 $149,900 $208,750

4.76% 10.87% 9.29%

157 60 264

29.75% 39.53% 28.78%

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

$171,000 2.06% $123,250 105.42% $149,250 -9.30%

$181,000 $117,000 $175,000

$181,000 $141,500 $173,250

0.00% 20.94% -1.00%

114 131 276

97 126 244

-14.91% -3.82% -11.59%

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

$215,000 $148,000 $179,000

-24.30% -1.00% -35.26%

$291,000 $165,000 $224,000

$278,000 $151,375 $207,000

-4.47% -8.26% -7.59%

-19.35% 16.67% -12.82%

325 66 407

303 96 424

-6.77% 45.45% 4.18%

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

$350,000 $197,000 $348,000

8.56% 29.82% 14.10%

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

$320,300 $149,500 $302,420

0.72% -8.70% 0.81%

27 11 41

22.73% -15.38% 13.89%

214 101 344

230 112 386

7.48% 10.89% 12.21%

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

$276,000 $143,000 $251,900

7.92% -10.63% 29.18%

$261,500 $159,000 $230,500

$275,950 $154,250 $245,000

5.53% -2.99% 6.29%

3 3 1 2 5 5

36 8 54

9.09% -33.33% -1.82%

349 88 530

368 99 566

5.44% 12.50% 6.79%

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

$268,000 $170,250 $254,950

-4.29% -1.28% -3.24%

$268,000 $157,000 $239,950

$285,000 $157,000 $250,000

6.34% 0.00% 4.19%

1 6 5 2 4

3 5 16

-81.25% 0.00% -33.33%

121 43 205

109 35 200

-9.92% -18.60% -2.44%

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

$240,000 $215,000 $212,500

-21.31% -5.70% -32.22%

$300,000 $184,000 $250,000

$269,000 -10.33% $189,900 3.21% $255,000 2.00%

74 21 104

10.45% 320.00% 20.93%

678 114 891

721 128 946

6.34% 12.28% 6.17%

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

$284,950 $210,000 $269,000

-5.90% -4.55% -11.49%

$300,750 $210,563 $289,900

$315,000 4.74% $188,500 -10.48% $293,000 1.07%

3 0 6 4 1

34 4 41

13.33% -33.33% 0.00%

328 42 398

336 53 417

2.44% 26.19% 4.77%

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

$241,500 $171,250 $240,000

-6.58% 10.31% -8.40%

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

$237,900 $129,900 $229,000

3.43% 0.31% 1.82%

3 0 3 3 8

37 7 51

23.33% 133.33% 34.21%

290 57 399

288 68 400

-0.69% 19.30% 0.25%

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

$221,000 $190,000 $225,000

-3.58% -28.84% -1.83%

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

$201,500 $184,500 $205,000

7.21% 2.50% 10.81%

18 6 26

63.64% 0.00% 23.81%

117 29 184

118 45 197

0.85% 55.17% 7.07%

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

$179,000 $124,500 $175,000

8.55% -19.16% 6.12%

$165,000 $130,000 $167,250

$171,500 $135,900 $169,000

3.94% 4.54% 1.05%

9.42% 6,919 -1.89% 1,881 6.17% 10,702

7,451 2,067 11,568

7.69% 9.89% 8.09%

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

$205,000 $148,000 $190,000

-5.09% -1.33% -5.00%

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

$219,000 $146,200 $200,000

-0.45% -2.53% 0.00%

MARLBOROUGH 1 Family Condo All Sales

4 0 5

NEW BRITAIN 1 Family Condo All Sales

4 4 6 7 6

NEWINGTON 1 Family Condo All Sales

2 5 1 6 4 4

PLAINVILLE 1 Family Condo All Sales

1 8 3 2 6

ROCKY HILL 1 Family Condo All Sales

9 1 4 2 8

SIMSBURY 1 Family Condo All Sales

3 1 6 3 9

SOUTH WINDSOR 1 Family Condo All Sales

2 2 1 3 3 6

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

WEST HARTFORD 1 Family Condo All Sales

6 7 5 8 6

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

1 1 6 2 1

HARTFORD COUNTY 1 Family Condo All Sales

7 22 790 2 12 208 1 ,151 1,222

DECEMBER 2017 | THE COMMERCIAL RECORD | 27

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BARKHAMSTED 1 Family Condo All Sales

3 0 3

2 0 6

-33.33% N/A 100.00%

27 0 37

26 0 40

-3.70% N/A 8.11%

$242,000 N/A $242,000

N/A -100.00% $257,500 N/A N/A N/A $172,000 -28.93% $257,500

$250,575 -2.69% N/A N/A $250,575 -2.69%

2 0 3

-50.00% N/A -40.00%

28 0 37

21 0 30

-25.00% N/A -18.92%

$290,000 N/A $295,000

N/A -100.00% $257,500 N/A N/A N/A $183,400 -37.83% $250,000

$245,000 -4.85% N/A N/A $184,200 -26.32%

2 0 3

3 0 4

50.00% N/A 33.33%

18 0 29

24 2 31

33.33% N/A 6.90%

N/A N/A $405,000

$445,000 N/A $320,000 N/A N/A N/A $872,500 115.43% $330,000

$460,000 43.75% N/A N/A $475,000 43.94%

1 0 2

2 0 2

100.00% N/A 0.00%

12 0 17

17 0 18

41.67% N/A 5.88%

N/A N/A N/A

2 0 4

0.00% N/A 33.33%

19 0 22

16 0 21

-15.79% N/A -4.55%

N/A N/A $241,000

2 0 2

1 0 5

-50.00% N/A 150.00%

15 0 21

18 0 29

20.00% N/A 38.10%

N/A N/A N/A

6 0 8

3 0 4

-50.00% N/A -50.00%

51 1 65

46 0 63

6 0 8

2 1 4

-66.67% N/A -50.00%

66 1 88

53 2 72

-19.70% $270,000 -100.00% $258,000 $265,000 100.00% N/A -18.18% $270,000 $310,300 14.93% $252,500 $250,750

2 0 4

4 0 7

100.00% N/A 75.00%

26 7 50

12 1 26

-53.85% -85.71% -48.00%

8 4 1 6

6 1 14

-25.00% -75.00% -12.50%

66 13 114

77 15 135

3 0 6

3 0 3

0.00% N/A -50.00%

13 0 23

21 2 45

9 1 12

28.57% N/A 20.00%

50 5 78

65 2 98

30.00% -60.00% 25.64%

2 0 9 3 6

25 12 50

25.00% 33.33% 38.89%

253 56 381

277 83 454

9.49% 48.21% 19.16%

3 0 4

2 0 3

-33.33% N/A -25.00%

18 0 26

15 1 25

-16.67% N/A -3.85%

BETHLEHEM 1 Family Condo All Sales

4 0 5

BRIDGEWATER 1 Family Condo All Sales

CANAAN 1 Family Condo All Sales

N/A N/A N/A

N/A $225,000 N/A N/A N/A $220,000

$280,000 24.44% N/A N/A $290,000 31.82%

N/A N/A $199,500 N/A N/A N/A $81,750 -66.08% $212,800

$207,500 4.01% N/A N/A $205,000 -3.67%

COLEBROOK 1 Family Condo All Sales

2 0 3

CORNWALL 1 Family Condo All Sales

N/A N/A $300,000

N/A $300,000 N/A N/A N/A $390,000

$222,500 -25.83% N/A N/A $220,000 -43.59%

$225,000 -29.25% $305,000 N/A N/A N/A $197,500 -37.89% $300,000

$322,500 5.74% N/A N/A $270,000 -10.00%

GOSHEN 1 Family Condo All Sales

-9.80% -100.00% -3.08%

$318,000 N/A $318,000

HARWINTON 1 Family Condo All Sales

2.71% N/A -0.69%

KENT 1 Family Condo All Sales

N/A N/A $330,154

$862,250 N/A $339,750 N/A N/A $169,900 $500,000 51.44% $283,000

$517,500 52.32% N/A - 100.00% $272,000 -3.89%

16.67% 15.38% 18.42%

$263,375 $316,000 $315,000

$259,250 -1.57% N/A -100.00% $242,450 -23.03%

$254,900 -10.72% $235,000 -8.56% $251,000 -16.33%

61.54% N/A 95.65%

$182,000 N/A $220,000

$225,000 23.63% $247,000 N/A N/A N/A $225,000 2.27% $225,000

$320,000 29.55% N/A N/A $226,000 0.44%

$280,000 N/A $267,500

$297,500 N/A $288,750

$263,000 14.10% N/A - 100.00% $242,000 18.63%

$267,950 $228,000 $260,450

$270,000 $134,500 $196,500

LITCHFIELD 1 Family Condo All Sales

$285,500 $257,000 $300,000

MORRIS 1 Family Condo All Sales

NEW HARTFORD 1 Family Condo All Sales

7 0 1 0

6.25% $230,500 N/A $113,500 7.94% $204,000

NEW MILFORD 1 Family Condo All Sales

0.77% -41.01% -24.55%

$270,000 $135,563 $247,500

$279,500 3.52% $120,000 -11.48% $242,500 -2.02%

NORFOLK 1 Family Condo All Sales

28 | THE COMMERCIAL RECORD | DECEMBER 2017

$340,000 N/A $420,000

N/A -100.00% $200,000 N/A N/A N/A $25,000 -94.05% $200,000

$250,000 25.00% N/A N/A $175,000 -12.50%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORTH CANAAN 1 Family

5

2

Condo

0

0

7

2

All Sales

-60.00%

29

18

-37.93%

1

1

0.00%

-71.43%

46

22

-52.17%

$139,900 $186,000

N/A

$139,900 N/A

N/A -100.00% N/A

N/A

N/A -100.00%

$149,000 N/A

$157,500 N/A

5.70% N/A

$147,000

$157,500

7.14%

$167,250

$160,900

-3.80%

$90,000

$107,000

18.89%

$154,900

$158,000

2.00%

N/A $495,000

$540,000

9.09%

PLYMOUTH 1 Family

1 3

12

-7.69%

92

155

68.48%

Condo

1

1

0.00%

11

9

-18.18%

1 6

19

18.75%

127

186

46.46%

1 Family

1

3

200.00%

25

27

8.00%

Condo

0

0

0

0

2

5

150.00%

36

37

All Sales

N/A $165,500

$142,800 N/A $170,000

-23.23% N/A 2.72%

ROXBURY

All Sales

N/A

N/A 2.78%

N/A N/A N/A

$420,000 N/A $530,500

N/A

N/A

N/A $438,500

N/A $540,000

N/A 23.15%

SALISBURY 1 Family

3

8

166.67%

41

48

Condo

1

2

100.00%

4

3

9

10

11.11%

58

66

1 Family

6

6

0.00%

40

32

Condo

0

0

1

3

8

10

25.00%

54

53

All Sales

17.07%

$400,000

$516,250

-25.00%

29.06%

$400,000

$402,500

0.63%

N/A $317,750

$410,000

29.03%

13.79%

$290,000

$505,000

74.14%

$337,750

$415,000

22.87%

-20.00%

$315,000

$246,250

-21.83%

$325,000

$337,500

3.85%

N/A

$165,100

N/A 1.59%

SHARON

All Sales

N/A

200.00% -1.85%

$350,000

$367,500

5.00%

$315,000

$320,000

$210,000

$164,000

-21.90%

$210,000

$185,500 -11.67%

THOMASTON 1 Family

5

3

-40.00%

43

64

48.84%

Condo

2

1

-50.00%

12

8

-33.33%

9

5

-44.44%

66

87

31.82%

$177,500

$160,000

All Sales

N/A

N/A

N/A

$84,950

$93,820

10.44%

-9.86%

$185,000

$175,000

-5.41%

TORRINGTON 1 Family

2 2

28

27.27%

320

329

2.81%

$143,000

$162,000

13.29%

$132,250

$135,000

2.08%

Condo

1 4

6

-57.14%

78

69

-11.54%

$61,750

$110,000

78.14%

$66,750

$80,000

19.85%

4 7

44

-6.38%

506

513

1.38%

$85,000

$145,000

70.59%

$115,000

$119,900

4.26%

1 Family

3

1

-66.67%

19

9

-52.63%

$957,500 -100.00%

$560,000

$325,000 -41.96%

Condo

0

0

0

0

9

1

-88.89%

32

19

-33.33%

50

50

0.00%

1

5

400.00%

All Sales

WARREN

All Sales

N/A

N/A -40.63%

N/A

N/A

N/A

N/A

N/A

N/A

$300,000 -100.00%

$300,000

$325,000

8.33%

$408,600

$500,000

$505,000

1.00%

WASHINGTON 1 Family

6

4

Condo

0

0

7

4

-42.86%

65

65

0.00%

$300,000

$917,500 205.83%

All Sales

N/A

N/A

$917,500 124.55% N/A

N/A

N/A

$229,000

N/A

$460,000

$460,000

0.00%

WATERTOWN 1 Family

1 3

20

53.85%

192

211

9.90%

$164,000

$187,000

14.02%

$189,950

$203,000

6.87%

Condo

3

4

33.33%

23

25

8.70%

$240,000

$222,500

-7.29%

$163,500

$184,500

12.84%

1 8

33

83.33%

274

308

12.41%

$175,500

$190,000

8.26%

$185,000

$190,000

2.70%

40.00%

93

102

9.68%

$130,000

$222,000

70.77%

$147,000

$167,000

13.61%

8

16

100.00%

$69,500

$72,500

4.32% 17.04%

All Sales

WINCHESTER 1 Family

1 0

14

Condo

0

0

1 4

14

0.00%

143

157

9.79%

$130,000

$222,000

70.77%

$135,000

$158,000

$266,125

$337,000

26.63%

$316,750

$334,500

5.60%

N/A $130,000

$118,401

-8.92% 0.00%

All Sales

N/A

N/A

N/A

N/A

WOODBURY 1 Family

1 2

16

33.33%

80

88

10.00%

Condo

2

3

50.00%

29

34

17.24%

2 0

20

0.00%

141

143

1.42%

$270,000

$290,500

7.59%

$275,000

$275,000

8.93% 1,686

All Sales

N/A

$137,000

LITCHFIELD COUNTY 1 Family

1 68

183

Condo

3 6

32

2 76

288

All Sales

1,821

8.01%

$238,000

$235,000

-1.26%

$219,750

$225,000

2.39%

251

281

11.95%

$131,808

$133,500

1.28%

$113,500

$110,000

-3.08%

4.35% 2,536

2,743

8.16%

$223,750

$217,700

-2.70%

$193,500

$195,000

0.78%

-11.11%

DECEMBER 2017 | THE COMMERCIAL RECORD | 29

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

42 0 47

42 0 49

0.00% N/A 4.26%

$342,150 N/A $342,150 $227,500 N/A $215,500

$226,000 $127,500 $217,425

-0.66% $259,450 N/A $151,500 0.89% $235,000

$265,000 2.14% $128,000 -15.51% $237,600 1.11%

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

$238,000 $128,900 $190,000

17.53% -0.46% 7.64%

$250,000 $135,000 $181,000

CHESTER 1 Family Condo All Sales

4 0 4

1 0 2

-75.00% N/A -50.00%

N/A -100.00% $265,250 N/A N/A N/A N/A -100.00% $262,000

$282,500 6.50% N/A N/A $280,000 6.87%

1 8 2 2 2

17 6 27

-5.56% 200.00% 22.73%

154 31 220

155 31 220

0.65% 0.00% 0.00%

12 11 27

100.00% 83.33% 50.00%

98 107 238

107 121 250

9.18% 13.08% 5.04%

4 2 7

4 2 8

0.00% 0.00% 14.29%

48 7 63

35 15 62

-27.08% 114.29% -1.59%

$241,250 N/A $236,000

$211,500 -12.33% $234,950 N/A N/A $138,000 $204,500 -13.35% $234,900

$226,500 -3.60% $133,400 -3.33% $196,500 -16.35%

7 1 1 0

10 1 13

42.86% 0.00% 30.00%

73 5 92

86 3 101

17.81% -40.00% 9.78%

$240,000 N/A $260,690

$299,500 24.79% $280,000 N/A N/A $160,000 $339,000 30.04% $276,500

$341,250 $215,000 $339,000

7 1 14

-61.11% N/A -39.13%

114 3 145

108 4 156

1 7 1 2 3

17 2 21

0.00% 100.00% -8.70%

137 12 181

144 25 209

5.11% 108.33% 15.47%

$285,000 N/A $280,000

$295,000 N/A $271,000

1 1 1 1 6

9 -18.18% 0 -100.00% 10 -37.50%

71 15 102

78 6 103

9.86% -60.00% 0.98%

$262,000 N/A $239,000

$365,000 39.31% $310,000 N/A N/A $215,000 $495,000 107.11% $275,254

$319,500 $202,500 $305,000

1 1 0 1 4

8 0 11

-27.27% N/A -21.43%

99 0 116

93 1 127

-6.06% N/A 9.48%

$285,000 N/A $291,250

$255,250 -10.44% $260,000 N/A N/A N/A $281,250 -3.43% $253,450

$280,000 7.69% N/A N/A $271,200 7.00%

6 0 6

20.00% N/A 0.00%

76 0 83

81 1 103

6.58% N/A 24.10%

$330,000 N/A $302,500

$263,450 -20.17% $325,000 N/A N/A N/A $263,450 -12.91% $330,000

$323,000 -0.62% N/A N/A $287,510 -12.88%

4 0 6

-63.64% N/A -50.00%

45 4 60

47 7 68

4.44% 75.00% 13.33%

$220,000 N/A $230,000

$281,500 27.95% $250,000 N/A N/A $198,450 $261,500 13.70% $249,950

$248,600 $214,000 $246,450

-0.56% 7.84% -1.40%

32 14 63

14.29% -6.67% 26.00%

257 117 453

337 117 567

31.13% 0.00% 25.17%

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

$220,000 $148,000 $195,000

$213,000 $101,000 $170,000

$205,000 $115,000 $180,000

-3.76% 13.86% 5.88%

15 8 29

-11.76% N/A 38.10%

120 11 174

158 26 219

31.67% 136.36% 25.86%

$420,000 N/A $360,000

$320,000 $359,550 $335,000

-23.81% $368,500 N/A $350,000 -6.94% $350,000

$363,500 $364,375 $360,000

-1.36% 4.11% 2.86%

14 1 16

250.00% -75.00% 77.78%

90 16 135

108 13 150

20.00% -18.75% 11.11%

$187,500 $252,500 34.67% $184,450 -100.00% $175,000 $243,750 39.29%

CLINTON 1 Family Condo All Sales

CROMWELL 1 Family Condo All Sales

6 6 1 8

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

-1.96% 2.27% 1.12%

DEEP RIVER 1 Family Condo All Sales

DURHAM 1 Family Condo All Sales

21.88% 34.38% 22.60%

EAST HADDAM 1 Family Condo All Sales

1 8 0 2 3

-5.26% $247,750 $245,000 33.33% 7.59% $257,000 $235,000

-1.11% $250,950 N/A $203,677 -8.56% $230,000

$236,450 -5.78% $155,250 -23.78% $213,500 -7.17%

3.51% $260,000 N/A $146,500 -3.21% $255,000

$248,250 -4.52% $150,000 2.39% $226,000 -11.37%

EAST HAMPTON 1 Family Condo All Sales

ESSEX 1 Family Condo All Sales

3.06% -5.81% 10.81%

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

5 0 6

MIDDLEFIELD 1 Family Condo All Sales

1 1 0 1 2

MIDDLETOWN 1 Family Condo All Sales

2 8 1 5 5 0

26.80% 54.17% 21.88%

OLD SAYBROOK 1 Family Condo All Sales

1 7 0 2 1

PORTLAND 1 Family Condo All Sales

4 4 9

30 | THE COMMERCIAL RECORD | DECEMBER 2017

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

$247,000 6.47% $125,000 -33.24% $218,750 -0.11%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

45 5 79

81 11 105

80.00% 120.00% 32.91%

$290,000 N/A $225,625

$304,000 4.83% $295,000 N/A N/A $382,000 $314,500 39.39% $266,000

$329,000 11.53% $325,000 -14.92% $325,000 22.18%

-4.73% 1,469 45.45% 333 4.82% 2,188

1,660 381 2,489

13.00% 14.41% 13.76%

$256,000 $126,000 $239,500

$262,500 $156,000 $249,000

$265,000 $135,000 $236,000

WESTBROOK 1 Family Condo All Sales

8 1 1 4

5 2 8

-37.50% 100.00% -42.86%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 69 3 3 2 49

161 48 261

2.54% 23.81% 3.97%

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

1.92% 3.05% 0.43%

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DECEMBER 2017 | THE COMMERCIAL RECORD | 31

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANSONIA 1 Family Condo All Sales

1 4 0 2 4

18 0 22

28.57% N/A -8.33%

133 4 200

144 2 218

8.27% -50.00% 9.00%

$189,250 N/A $184,000

$151,500 -19.95% $180,000 N/A N/A $107,500 $156,500 -14.95% $175,000

$175,000 -2.78% N/A - 100.00% $177,850 1.63% $242,500 4.98% $169,000 -45.25% $244,250 -0.27%

BEACON FALLS 1 Family Condo All Sales

5 2 9

4 2 8

-20.00% 0.00% -11.11%

47 15 79

45 18 86

-4.26% 20.00% 8.86%

$222,500 N/A $231,000

$232,750 N/A $232,750

4.61% $231,000 N/A $308,699 0.76% $244,900

6 0 1 0

7 0 9

16.67% N/A -10.00%

55 0 62

53 0 63

-3.64% N/A 1.61%

$314,500 N/A $237,500

$308,000 -2.07% $323,000 N/A N/A N/A $270,000 13.68% $312,000

$320,000 -0.93% N/A N/A $315,000 0.96%

BETHANY 1 Family Condo All Sales

BRANFORD 1 Family Condo All Sales

2 8 1 6 5 9

25 9 45

-10.71% -43.75% -23.73%

190 137 396

205 149 441

7.89% 8.76% 11.36%

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

$320,000 $145,000 $275,000

8.84% -15.94% 7.84%

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

$300,000 $155,000 $235,000

-2.10% 0.32% 1.73%

2 3 9 3 8

29 5 38

26.09% -44.44% 0.00%

250 61 358

271 69 380

8.40% 13.11% 6.15%

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

$320,000 $215,000 $293,750

20.30% 43.33% 16.34%

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

$320,000 $162,000 $287,949

5.96% -3.28% 2.84%

5 1 1 5

9 7 19

80.00% 600.00% 26.67%

68 33 148

60 65 167

-11.76% 96.97% 12.84%

$127,900 N/A $114,000

$193,000 $155,000 $170,000

50.90% $184,250 N/A $125,500 49.12% $155,000

$179,500 $145,000 $153,000

-2.58% 15.54% -1.29%

42 9 56

55.56% -30.77% 27.27%

250 91 382

303 92 448

21.20% 1.10% 17.28%

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

$203,500 $129,900 $191,500

17.70% 12.96% 12.02%

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

$180,000 $136,500 $175,000

-0.28% 2.63% 0.00%

2 7 3 3 2

17 3 29

-37.04% 0.00% -9.38%

228 27 288

226 45 328

-0.88% 66.67% 13.89%

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

$401,000 -7.82% $335,000 139.29% $335,000 -18.49%

$358,500 $117,000 $336,500

$379,000 $217,500 $360,000

5.72% 85.90% 6.98%

4 2 1 5 6 2

35 12 59

-16.67% -20.00% -4.84%

454 104 638

408 96 592

-10.13% -7.69% -7.21%

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

$208,000 $123,450 $165,608

34.41% 11.72% 10.44%

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

$199,950 $113,750 $186,250

6.07% 1.56% 5.97%

2 3 2 2 8

17 4 22

-26.09% 100.00% -21.43%

228 17 269

217 25 271

-4.82% 47.06% 0.74%

$334,000 N/A $335,750

$389,900 $260,000 $343,250

16.74% $399,000 N/A $245,000 2.23% $377,500

$405,000 $344,500 $382,000

1.50% 40.61% 1.19%

5 9 1 2 8 7

60 22 98

1.69% 83.33% 12.64%

468 123 744

515 118 791

10.04% -4.07% 6.32%

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

$178,000 $104,000 $145,112

24.48% 20.58% 9.93%

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

$160,000 $97,000 $142,500

3.23% 4.30% 5.56%

9 4 1 9

8 5 14

-11.11% 25.00% -26.32%

71 17 128

88 26 140

23.94% 52.94% 9.38%

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

$312,450 $345,000 $326,000

8.49% -19.20% -7.46%

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

$280,000 3.51% $347,000 -20.96% $309,450 7.08%

4 2 1 8 7 3

65 22 93

54.76% 22.22% 27.40%

479 161 736

563 188 843

17.54% 16.77% 14.54%

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

$295,000 $252,500 $280,000

-12.33% 45.32% 1.86%

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

$295,000 $204,406 $270,500

5.36% 19.89% 3.44%

18 7 30

5.88% 75.00% 0.00%

253 51 365

268 49 407

5.93% -3.92% 11.51%

$155,000 $56,000 $136,250

$164,500 $77,370 $151,000

6.13% 38.16% 10.83%

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

$166,500 $78,000 $156,900

4.06% 13.04% 6.01%

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

2 7 1 3 4 4

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

1 7 4 3 0

32 | THE COMMERCIAL RECORD | DECEMBER 2017

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NEW HAVEN 1 Family Condo All Sales

3 8 2 1 9 7

30 5 68

-21.05% -76.19% -29.90%

320 138 877

333 162 913

4.06% 17.39% 4.10%

$165,000 $144,000 $155,000

$160,000 $139,000 $160,000

-3.03% -3.47% 3.23%

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

$167,500 $136,000 $166,000

-3.11% 0.74% 1.84%

11 2 16

57.14% 100.00% 33.33%

110 17 142

129 29 188

17.27% 70.59% 32.39%

$288,000 N/A $271,500

$307,000 6.60% $257,000 N/A N/A $160,000 $237,000 -12.71% $249,000

$255,000 $150,000 $234,900

-0.78% -6.25% -5.66%

3 0 5 4 1

23 1 32

-23.33% -80.00% -21.95%

225 24 302

214 21 310

-4.89% -12.50% 2.65%

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

$280,000 2.56% N/A -100.00% $291,000 7.78%

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

$280,000 $253,000 $297,250

4.87% 9.76% 13.13%

1 0 3 1 4

17 1 21

70.00% -66.67% 50.00%

130 8 164

133 12 168

2.31% 50.00% 2.44%

$359,000 $380,000 5.85% $300,000 -100.00% $359,000 $380,300 5.93%

$346,250 $408,184 $359,500

$330,000 $448,582 $347,000

-4.69% 9.90% -3.48%

1 4 2 1 9

17 3 23

21.43% 50.00% 21.05%

104 25 170

116 21 170

11.54% -16.00% 0.00%

$341,950 N/A $383,900

$305,000 $435,000 $325,000

-10.81% $327,500 N/A $370,000 -15.34% $349,950

$314,750 $377,446 $328,500

-3.89% 2.01% -6.13%

9 3 14

-10.00% 200.00% -12.50%

81 24 127

84 34 145

3.70% 41.67% 14.17%

$259,000 N/A $215,000

$223,900 $330,000 $223,900

-13.55% $262,500 N/A $361,928 4.14% $275,000

$280,823 6.98% $305,000 -15.73% $294,600 7.13%

16 5 25

-30.43% 25.00% -21.88%

151 28 213

153 35 225

1.32% 25.00% 5.63%

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

$243,750 $109,000 $185,000

16.07% -21.72% -3.14%

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

$209,000 $145,000 $195,000

-2.79% 45.80% 1.56%

23 24 51

76.92% -11.11% 15.91%

178 221 430

181 259 472

1.69% 17.19% 9.77%

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

$369,000 $147,250 $239,900

-3.53% 7.48% 49.47%

$338,250 $127,000 $193,500

$340,900 $138,000 $210,000

0.78% 8.66% 8.53%

47 12 68

-17.54% -40.00% -18.07%

362 118 558

362 120 550

0.00% 1.69% -1.43%

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

$238,000 $156,250 $231,000

-2.86% -17.11% -3.75%

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

$249,950 2.98% $154,000 -13.73% $235,000 0.00%

17.31% 586 72.73% 152 16.33% 1,036

651 168 1,139

11.09% 10.53% 9.94%

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

$110,000 $55,000 $107,100

15.79% -24.66% 19.00%

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

$105,000 $64,950 $94,300

2.19% 18.63% 6.09%

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

$164,400 $87,500 $159,000

-0.36% -11.84% -0.63%

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

$168,000 $100,000 $165,000

5.00% 0.00% 4.10% -9.51% -3.18% -5.68%

NORTH BRANFORD 1 Family Condo All Sales

7 1 1 2

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 1 1 6

SEYMOUR 1 Family Condo All Sales

2 3 4 3 2

SOUTHBURY 1 Family Condo All Sales

1 3 2 7 4 4

WALLINGFORD 1 Family Condo All Sales

5 7 2 0 8 3

WATERBURY 1 Family Condo All Sales

5 2 1 1 9 8

61 19 114

WEST HAVEN 1 Family Condo All Sales

4 0 1 4 6 8

32 14 56

-20.00% 0.00% -17.65%

357 83 555

389 93 620

8.96% 12.05% 11.71%

13 1 16

-27.78% 0.00% -23.81%

135 11 175

144 8 174

6.67% -27.27% -0.57%

$197,450 N/A $209,900

$164,900 -16.49% $213,826 N/A N/A $173,000 $161,450 -23.08% $202,500

$193,500 $167,500 $191,000

-54.55% N/A -60.00%

114 0 123

90 1 102

-21.05% N/A -17.07%

$420,000 N/A $406,000

$440,000 N/A $392,500

4.76% $376,500 N/A N/A -3.33% $370,000

$385,000 2.26% N/A N/A $385,000 4.05%

1.23% 6,027 -5.74% 1,690 -3.49% 9,665

6,345 1,905 10,351

$217,475 $141,000 $189,575

$220,300 $135,400 $198,000

1.30% -3.97% 4.44%

$220,000 $141,511 $195,000

WOLCOTT 1 Family Condo All Sales

1 8 1 2 1

WOODBRIDGE 1 Family Condo All Sales

1 1 0 1 5

5 0 6

NEW HAVEN COUNTY 1 Family Condo All Sales

6 50 658 2 09 197 1 ,090 1,052

5.28% 12.72% 7.10%

$217,000 $133,000 $190,817

1.38% 6.40% 2.19%

DECEMBER 2017 | THE COMMERCIAL RECORD | 33

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

OCT. 2016

27 0 32

13 0 21

-51.85% N/A -34.38%

$242,000 N/A $242,000

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BOZRAH 1 Family Condo All Sales

4 0 4

0 -100.00% 0 N/A 1 -75.00%

N/A -100.00% $225,000 N/A N/A N/A N/A -100.00% $205,000

$165,000 -26.67% N/A N/A $167,500 -18.29%

COLCHESTER 1 Family Condo All Sales

2 2 0 2 6

9 4 16

-59.09% N/A -38.46%

170 18 217

167 23 218

-1.76% 27.78% 0.46%

$249,450 N/A $249,450

$150,000 $112,500 $142,000

-39.87% $240,000 N/A $207,500 -43.07% $230,000

$235,000 -2.08% $179,000 -13.73% $226,750 -1.41%

26 11 44

23.81% 83.33% 46.67%

182 54 281

199 62 310

9.34% 14.81% 10.32%

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

$382,000 $320,000 $337,500

3 0 4

0.00% N/A -42.86%

22 0 31

17 0 24

-22.73% N/A -22.58%

$140,426 N/A $120,000

$224,000 59.51% $200,000 N/A N/A N/A $212,000 76.67% $187,500

$201,000 0.50% N/A N/A $185,000 -1.33%

1 1 0 1 1

8 0 9

-27.27% N/A -18.18%

60 6 94

72 9 115

20.00% 50.00% 22.34%

$120,000 N/A $120,000

$192,500 60.42% $140,000 N/A N/A $99,950 $166,000 38.33% $116,000

$166,250 18.75% $46,193 -53.78% $128,800 11.03%

3 0 4 3 9

34 9 50

13.33% 125.00% 28.21%

252 50 369

303 76 474

20.24% 52.00% 28.46%

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

$258,000 $118,888 $222,000

$232,000 $138,500 $218,000

1 1 0 1 6

9 0 11

-18.18% N/A -31.25%

81 0 97

95 1 137

17.28% N/A 41.24%

1 6 1 1 8

9 1 17

-43.75% 0.00% -5.56%

203 12 239

170 13 225

5 0 5

4 0 4

-20.00% N/A -20.00%

36 0 51

34 0 46

3 0 5

2 0 6

-33.33% N/A 20.00%

34 0 47

EAST LYME 1 Family Condo All Sales

2 1 6 3 0

49.80% 66.28% 38.04%

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

$312,400 $217,000 $280,000

13.39% 20.93% 9.80%

FRANKLIN 1 Family Condo All Sales

3 0 7

GRISWOLD 1 Family Condo All Sales

GROTON 1 Family Condo All Sales

-0.77% -24.01% 1.14%

$231,000 $124,500 $205,000

0.43% 11.24% 6.34%

LEBANON 1 Family Condo All Sales

$96,000 N/A $93,000

$209,900 118.65% $190,000 N/A N/A N/A $260,000 179.57% $184,900

$198,000 4.21% N/A N/A $180,500 -2.38%

$178,250 N/A $171,507

$208,500 16.97% $203,000 N/A N/A $56,750 $164,900 -3.85% $200,000

$225,000 $65,000 $215,000

-5.56% N/A -9.80%

$185,000 N/A $185,000

$147,500 -20.27% $186,400 N/A N/A N/A $147,500 -20.27% $172,900

$178,450 -4.27% N/A N/A $178,000 2.95%

20 0 39

-41.18% N/A -17.02%

$349,900 N/A $307,905

N/A -100.00% $377,500 N/A N/A N/A $492,500 59.95% $360,000

$390,000 3.31% N/A N/A $389,000 8.06% $184,900 $53,879 $173,000

LEDYARD 1 Family Condo All Sales

-16.26% 8.33% -5.86%

10.84% 14.54% 7.50%

LISBON 1 Family Condo All Sales

LYME 1 Family Condo All Sales

MONTVILLE 1 Family Condo All Sales

1 1 1 1 7

14 3 19

27.27% 200.00% 11.76%

153 6 201

191 10 237

24.84% 66.67% 17.91%

$176,900 N/A $174,900

$174,914 $55,000 $170,077

-1.12% $180,000 N/A $57,000 -2.76% $174,500

2.72% -5.48% -0.86%

18 4 37

28.57% 33.33% 48.00%

125 33 273

152 31 273

21.60% -6.06% 0.00%

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

$164,500 $71,300 $149,900

0.00% N/A -18.18%

65 0 87

70 0 96

7.69% N/A 10.34%

$204,450 N/A $210,000

$255,000 24.72% $238,900 N/A N/A N/A $250,000 19.05% $225,000

$259,500 8.62% N/A N/A $249,500 10.89%

180 45 304

256 47 410

42.22% 4.44% 34.87%

$142,000 $144,300 $115,000

$127,300 $111,750 $120,000

$132,250 $104,400 $121,250

NEW LONDON 1 Family Condo All Sales

1 4 3 2 5

-1.35% -60.39% 2.32%

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

$149,450 0.98% $85,000 -38.41% $139,000 3.73%

NORTH STONINGTON 1 Family Condo All Sales

8 0 1 1

8 0 9

2 0 3 3 5

20 8 39

NORWICH 1 Family Condo All Sales

0.00% 166.67% 11.43%

34 | THE COMMERCIAL RECORD | DECEMBER 2017

-10.35% -22.56% 4.35%

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

3.73% -0.48% 13.32%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

OLD LYME 1 Family

7

10

Condo

0

2

7

16

1 Family

8

6

Condo

0

0

1 2

7

1 Family

2

5

Condo

0

0

5

10

1 Family

2

4

Condo

0

0

3

5

All Sales

42.86%

63

123

95.24%

4

3

-25.00%

128.57%

87

155

78.16%

$343,000

$279,500

-18.51%

-25.00%

52

52

0.00%

$237,000

$278,750

17.62%

2

1

-50.00%

-41.67%

71

69

-2.82%

150.00%

32

43

34.38%

N/A

2

1

-50.00%

N/A

100.00%

50

65

30.00%

100.00%

27

27

0.00%

0

1

66.67%

33

36

9.09%

$245,000

$265,000

8.16%

$173,145

$174,950

$349,250

N/A

$343,000 N/A

$355,000 N/A

3.50%

$343,000

$360,000

4.96%

N/A $252,500

$395,000

56.44%

$340,000

$350,000

2.94%

$220,368

$230,000

4.37%

PRESTON

All Sales

N/A

N/A $227,868

N/A $270,000

N/A 18.49%

N/A

N/A

N/A

$210,000

$215,000

2.38%

N/A $269,000

$244,000

-9.29%

SALEM

All Sales

N/A

$242,400

$313,400 N/A $384,650

N/A 58.68%

N/A

N/A

N/A

$224,500

$230,900

2.85%

N/A $190,000

$197,000

3.68%

SPRAGUE

All Sales

N/A

N/A

N/A N/A

$269,450 N/A

N/A

N/A

N/A

N/A 1.04%

STONINGTON 1 Family

1 3

24

84.62%

139

187

34.53%

$365,000

-4.32%

$319,000

$325,000

1.88%

Condo

4

2

-50.00%

15

25

66.67%

$424,500 -100.00%

$290,000

$343,000

18.28%

2 4

36

50.00%

230

281

22.17%

$292,000

5.82%

$282,250

$300,000

6.29%

-50.00%

39

27

-30.77%

$218,800

N/A -100.00%

$179,000

$147,000 -17.88%

0

0

-25.00%

47

38

-19.15%

$218,800

$61,000

-72.12%

$150,000

$132,500 -11.67%

$240,000

10.88%

$215,000

$233,000

N/A -100.00%

$149,000

$119,500 -19.80%

47.24%

$199,000

$222,000

All Sales

$309,000

VOLUNTOWN 1 Family

4

2

Condo

0

0

4

3

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

WATERFORD 1 Family

2 2

28

27.27%

258

267

3.49%

$216,450

Condo

4

2

-50.00%

36

38

5.56%

$157,500

3 5

33

-5.71%

335

336

0.30%

$163,000

$240,000

2.53% 2,200

All Sales

8.37% 11.56%

NEW LONDON COUNTY 1 Family

2 37

243

Condo

2 6

46

3 39

376

All Sales

2,485

12.95%

$213,000

$240,000

12.68%

$211,000

$224,000

6.16%

283

341

20.49%

$160,000

$121,450

-24.09%

$139,000

$134,000

-3.60%

10.91% 3,176

3,605

13.51%

$190,000

$210,000

10.53%

$190,000

$200,000

5.26%

76.92%

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

DECEMBER 2017 | THE COMMERCIAL RECORD | 35

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANDOVER 1 Family Condo All Sales

5 0 5

6 0 6

20.00% N/A 20.00%

35 0 43

29 0 39

-17.14% N/A -9.30%

$305,000 N/A $305,000

$169,000 -44.59% $249,000 N/A N/A N/A $169,000 -44.59% $230,000

$267,000 7.23% N/A N/A $229,000 -0.43%

8 0 9

6 0 6

-25.00% N/A -33.33%

49 0 59

50 0 61

2.04% N/A 3.39%

$271,500 N/A $255,000

$309,500 14.00% $255,000 N/A N/A N/A $309,500 21.37% $250,000

$249,950 -1.98% N/A N/A $255,000 2.00%

62 1 71

66 2 78

6.45% 100.00% 9.86%

$220,000 N/A $227,000

$212,311 N/A $219,622

$228,500 8.42% N/A N/A $219,811 3.44%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

9 1 1 1

6 -33.33% 0 -100.00% 7 -36.36%

-3.50% $210,750 N/A N/A -3.25% $212,500

COVENTRY 1 Family Condo All Sales

1 3 0 1 5

19 1 25

46.15% N/A 66.67%

123 9 164

164 10 221

33.33% 11.11% 34.76%

$185,000 N/A $185,000

$218,000 17.84% $202,000 N/A N/A $125,000 $196,000 5.95% $202,000

$188,000 -6.93% $124,975 -0.02% $180,000 -10.89%

1 2 5 2 0

15 5 27

25.00% 0.00% 35.00%

98 25 164

121 41 207

23.47% 64.00% 26.22%

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

$238,000 $217,000 $260,000

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

$265,000 14.22% $117,000 -10.00% $246,000 7.56%

9 1 1 0

12 1 16

33.33% 0.00% 60.00%

122 5 137

122 11 142

0.00% $303,000 $245,000 120.00% 3.65% $256,450 $245,000

-19.14% $247,200 N/A $244,000 -4.46% $244,000

$255,000 3.16% $142,000 -41.80% $248,000 1.64%

9 5 1 9

11 4 19

22.22% -20.00% 0.00%

114 53 196

117 37 188

2.63% -30.19% -4.08%

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

$216,000 $180,250 $208,500

-1.82% -20.59% 26.36%

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

$219,000 -0.90% $200,000 -14.86% $215,500 -4.65%

9 0 1 0

10 0 11

87 6 109

90 4 112

3.45% -33.33% 2.75%

$265,000 N/A $262,500

$268,000 1.13% $269,000 N/A N/A $361,450 $236,000 -10.10% $265,000

$266,250 -1.02% $243,000 -32.77% $266,250 0.47%

ELLINGTON 1 Family Condo All Sales

15.25% -31.11% 47.31%

HEBRON 1 Family Condo All Sales

MANSFIELD 1 Family Condo All Sales

SOMERS 1 Family Condo All Sales

11.11% N/A 10.00%

STAFFORD 1 Family Condo All Sales

1 2 3 1 8

10 -16.67% 0 -100.00% 15 -16.67%

92 10 155

95 11 149

3.26% 10.00% -3.87%

$205,950 $194,500 -5.56% $69,000 -100.00% $181,000 $187,525 3.60%

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

$164,900 -21.10% $65,000 -42.73% $140,000 -16.67%

1 7 0 1 8

13 0 19

-23.53% N/A 5.56%

149 11 179

166 4 202

11.41% -63.64% 12.85%

0 0 0

1 0 4

N/A N/A N/A

4 0 5

10 0 16

150.00% N/A 220.00%

2 8 6 4 7

16 13 37

214 65 349

224 75 384

4.67% 15.38% 10.03%

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

$185,700 $97,000 $145,000

32 0 41

38 2 47

18.75% N/A 14.63%

$157,000 N/A $157,000

N/A -100.00% $221,500 N/A N/A N/A $155,000 -1.27% $210,000

$199,500 -9.93% N/A N/A $187,000 -10.95%

-5.22% 1,181 14.29% 185 6.49% 1,672

1,292 197 1,846

9.40% 6.49% 10.41%

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

$222,000 $143,500 $200,000

$218,000 -0.91% $121,000 -19.28% $199,950 -4.76%

TOLLAND 1 Family Condo All Sales

$208,000 N/A $209,450

$248,000 19.23% $235,000 N/A N/A $132,000 $209,000 -0.21% $231,000

$249,450 $139,000 $244,788

6.15% 5.30% 5.97%

N/A N/A $166,500

$269,950 37.55% N/A N/A $231,000 16.08%

UNION 1 Family Condo All Sales

N/A N/A N/A

N/A $196,250 N/A N/A N/A $199,000

VERNON 1 Family Condo All Sales

-42.86% 116.67% -21.28%

4.33% -3.51% -7.64%

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

$180,000 $110,000 $166,000

1.12% -4.35% 0.61%

WILLINGTON 1 Family Condo All Sales

3 0 3

2 0 5

-33.33% N/A 66.67%

TOLLAND COUNTY 1 Family Condo All Sales

1 34 2 1 1 85

127 24 197

36 | THE COMMERCIAL RECORD | DECEMBER 2017

5.51% -10.26% 6.27%

$220,000 $149,900 $209,950

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

OCT. 2016

OCT. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ASHFORD 1 Family Condo All Sales

3 0 5

5 1 9

66.67% N/A 80.00%

33 0 47

31 3 49

99 5 141

101 0 132

-6.06% N/A 4.26%

$180,000 N/A $180,000

$278,000 N/A $230,000

54.44% $180,000 N/A N/A 27.78% $169,900

$216,000 $58,000 $216,000

20.00% N/A 27.13%

$221,900 N/A $179,450

$218,600 N/A $218,600

-1.49% $204,000 N/A $229,000 21.82% $186,000

$209,900 2.89% N/A -100.00% $199,000 6.99%

$224,700 N/A $219,500

N/A $215,500 N/A N/A -7.97% $186,000

$195,000 -9.51% N/A N/A $187,250 0.67%

N/A -100.00% $180,000 N/A N/A N/A N/A -100.00% $169,900

$150,000 -16.67% N/A N/A $158,500 -6.71%

BROOKLYN 1 Family Condo All Sales

1 3 1 1 8

8 -38.46% 0 -100.00% 10 -44.44%

2.02% -100.00% -6.38%

CANTERBURY 1 Family Condo All Sales

2 0 3

6 0 9

200.00% N/A 200.00%

45 0 71

52 0 76

15.56% N/A 7.04%

N/A N/A $238,500

4 0 5

0 -100.00% 0 N/A 1 -80.00%

23 0 31

23 0 32

0.00% N/A 3.23%

$142,900 N/A $199,900

3 0 4

50.00% N/A 100.00%

16 1 27

14 0 25

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

15 0 36

16 0 28

6.67% N/A -22.22%

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

2 0 2

-12.50% -100.00% -7.41%

N/A N/A N/A

$235,000 N/A $229,500

N/A $219,500 N/A N/A N/A $199,900

$229,500 4.56% N/A N/A $195,000 -2.45%

N/A N/A N/A

N/A N/A N/A

N/A $190,000 N/A N/A N/A $132,500

$193,500 1.84% N/A N/A $186,500 40.75%

HAMPTON 1 Family Condo All Sales

1 0 1

KILLINGLY 1 Family Condo All Sales

1 6 0 2 2

21 2 28

31.25% N/A 27.27%

145 13 221

162 22 255

11.72% 69.23% 15.38%

$159,850 N/A $159,850

$160,000 N/A $171,250

0.09% $151,000 N/A $139,900 7.13% $149,000

$165,500 $135,000 $162,000

9.60% -3.50% 8.72%

1 0 0 1 3

13 1 19

30.00% N/A 46.15%

102 2 142

134 8 190

31.37% 300.00% 33.80%

$134,950 N/A $124,000

$165,000 N/A $135,750

22.27% $135,000 N/A N/A 9.48% $135,000

$154,450 $81,250 $145,950

14.41% N/A 8.11%

3 0 4

4 0 4

33.33% N/A 0.00%

38 0 60

36 0 55

-5.26% N/A -8.33%

$250,000 N/A $232,500

$224,950 -10.02% $249,000 N/A N/A N/A $224,950 -3.25% $237,500

$246,000 -1.20% N/A N/A $246,000 3.58%

7 0 1 2

8 6 24

14.29% N/A 100.00%

76 28 140

88 32 170

15.79% 14.29% 21.43%

$150,000 N/A $165,000

$186,000 $223,800 $159,500

$156,750 $186,450 $155,000

2 0 2

0.00% N/A 0.00%

21 0 23

23 0 31

46 3 62

49 2 62

PLAINFIELD 1 Family Condo All Sales

POMFRET 1 Family Condo All Sales

PUTNAM 1 Family Condo All Sales

24.00% $148,500 N/A $177,500 -3.33% $142,500

5.56% 5.04% 8.77%

SCOTLAND 1 Family Condo All Sales

2 0 2

9.52% N/A 34.78%

N/A N/A N/A

N/A N/A N/A

N/A $175,000 N/A N/A N/A $175,000

$175,000 0.00% N/A N/A $160,000 -8.57%

STERLING 1 Family Condo All Sales

7 1 9

5 -28.57% 0 -100.00% 6 -33.33%

6.52% $165,000 $170,000 -33.33% 0.00% $165,000 $147,500

3.03% $181,450 $200,000 10.22% N/A $165,000 -100.00% -10.61% $170,450 $177,000 3.84%

THOMPSON 1 Family Condo All Sales

1 5 0 1 9

10 1 17

-33.33% 130 N/A 4 -10.53% 16 3

111 -14.62% 4 0.00% 153 -6.13%

$258,000 N/A $217,000

$176,750 -31.49% $192,750 N/A N/A $137,450 $172,500 -20.51% $185,000

$194,000 0.65% $148,050 7.71% $179,900 -2.76%

2 0 0 2 3

9 0 13

-55.00% N/A -43.48%

137 4 182

132 9 205

-3.65% 125.00% 12.64%

$120,250 N/A $120,500

$148,000 N/A $165,000

23.08% $134,000 N/A $119,950 36.93% $127,250

$139,000 $109,500 $135,000

3.73% -8.71% 6.09%

90 13 153

105 11 154

16.67% -15.38% 0.65%

$259,000 N/A $237,500

$305,000 N/A $287,500

17.76% $252,000 N/A $120,000 21.05% $220,000

$280,000 $142,500 $232,500

11.11% 18.75% 5.68%

-6.25% 1,016 266.67% 73 5.26% 1,499

1,077 91 1,617

6.00% 24.66% 7.87%

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

$197,900 $151,100 $182,250

9.94% -8.42% 10.45%

$179,000 $145,000 $169,900

5.29% 3.57% 6.19%

WINDHAM 1 Family Condo All Sales

WOODSTOCK 1 Family Condo All Sales

7 1 1 4

11 57.14% 0 -100.00% 14 0.00%

WINDHAM COUNTY 1 Family Condo All Sales

1 12 3 1 52

105 11 160

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

DECEMBER 2017 | THE COMMERCIAL RECORD | 37

FAIRFIELD COUNTY GOSSIP REPORT

1

Westport

2

Greenwich

Address: 5 Judy Point Lane, Westport Price: $6,900,000 Size: 12,568 square feet on 1.22 acres Buyer: Sara Strauss and Andrew E. Tomback Seller: Myra R. Lipman Agent: Alan T. Hamilton, William Raveis Sold: 10/23/17

4

Greenwich

3

New Canaan

Address: 390 Oenoke Ridge, New Canaan Price: $4,650,000 Size: 13,183 square feet Buyer: Alexander Carles and Jill Carles Seller: Elizabeth Anderson Agent: Kelly Defrancesco and April Kaynor, William Raveis Real Estate

Address: 49 Byfield Lane, Greenwich Price: $5,097,500 Size: 9,561square feet on 2.27 acres Buyer: Andrea Scheinen and Scott Scheinen Seller: Byfield Lane LLC Agent: Tamar Lurie and Jen Danzi, Coldwell Banker Sold: 10/19/17

Address: 304 Taconic Road, Greenwich Price: $4,350,000 Size: 10,516 square feet on 5.24 acres Buyer: Kourosh Azarbarzin and Massi Azarbarzin Seller: Cindy Rinfret Agent: Barbara K. Daly and Shelly, Sotheby’s Sold: 11/6/17

5

Greenwich

2 4 5

3

Address: 11 Lighthouse Lane, Greenwich Price: $3,885,000 Size: 4,194 square feet on 0.28 acres Buyer: Mary Karlan and Mitchell Karlan Seller: Melissa Gilson and Timothy Gilson Sold: 11/3/17

1

The home in this month’s number four spot is “Laurel Hill,” designed by interior designer and owner Cindy Rinfret, of Rinfret Ltd. Set on 5.24 acres protected by conservation land, this French country home has six bedrooms, six full bathrooms and two half-baths. It was originally listed for $15.5 million in 2009 and sold for about a quarter of that amount after nearly eight years on the market. Amenities include four fireplaces, a basement entertainment space with a wine cellar, home theater, billiards room and martini lounge.

38 | THE COMMERCIAL RECORD | DECEMBER 2017

PRESENTED BY

JANUARY 12, 2018

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