The Commercial Record - January 2018 by The Warren Group

JANUARY 2018

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REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

Tax Law Reform to Impact Home Equity Lending RE Agents Neglect Their Own Safety Hartford Skirts Parking Requirements to Encourage Growth Government and Free Market Team JANUARY 2018 | THE COMMERCIAL | 1 up RECORD for Security

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VOLUME 136, NUMBER 1

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2 | THE COMMERCIAL RECORD JANUARY 2018

inside

Tax Reform Speculation

The nation’s new tax laws will certainly impact the lending marketplace, but what that impact will be is still anyone’s guess.

Market-Based Solution Hartford seeks a solution to prohibitive parking requirements for new construction.

10 Inadequate Protection A recent NAR survey found few agents take even basic safety precautions.

14 Best Defense Cyber threats evolve every day; a collaboration between the federal government and industries across the country helps small businesses mount an effective offense.

IN PERSON

“

We are taking the data banks we already have, and using the power of our platform to deliver new value to customers." — Fran Duggan, CEO And Co-Founder, Payrailz

13 8

state statistics

12 c-changes 13 in person 16 news roundup 18 top commercial transactions

20 trendlines 34 gossip report

JANUARY 2018 | THE COMMERCIAL RECORD | 3

Tax Reform Speculation

AFTER TAX REFORM, HELOC DEMAND UNCERTAIN

New Tax Law Eliminates Home Equity Interest Deduction

BY BRAM BERKOWITZ | COMMERCIAL RECORD STAFF

ow that the recently enacted tax reform bill has eliminated the interest deduction for home equity loans, it is hard to predict how the product will perform going forward.

Under the old tax law, borrowers that itemized their deductions could write off interest on up to $100,000 of a home equity loan, which is considered one of the easiest ways

to access credit. But with the deduction gone, that form of borrowing is now more expensive at a time when interest rates are predicted to rise throughout the coming year.

4 | THE COMMERCIAL RECORD JANUARY 2018

"The banks are going to have to look at their products to homeowners," said Charles Kennedy, director of tax services at the Milton, Massachusetts-based CPA Firm G.T. Reilly & Co. "You will see refinancing, where people roll their home-equity loan into their mortgage as long as the mortgage is no more than $750,000." Another provision in the new tax law decreased the limits on the homeowner mortgage interest deduction from $1 million to $750,000, leaving less wiggle room for those

interested in rolling their home equity loans into a mortgage. The home equity loan business in Connecticut is already in an ambiguous state, likely due to the slow-growing housing market. State-chartered banks in Connecticut have collectively seen home equity loan volume grow by about $120 million since 2014, reaching roughly $1.86 billion as of Sept. 30, according to FDIC data. But between 2015 and 2016, total home equity loan volume shrank. Comparatively, Massachusetts saw close to $1.1 billion growth in home equity loan volume since 2014, reaching over $5.8 billion as of Sept. 30, according to FDIC data.

Check the Crystal Ball Predicting the fate of home equity loan products is no easy task at this stage, with so much up for grabs in the economy. According to recent national study by the Illinois-based research firm Raddon, 28 percent of consumers anticipate opening a loan in the next 12 months, and home equities are among the products showing increasing demand due to rising home prices and lower inventories.

But Kennedy said he expects consumer demand for home equity loans to dramatically decrease as account holders refinance existing loans into mortgages. One bright spot is small business owners; they may still choose to use HELOCs to help with business cash flow. It is often easier for a small business owner to obtain a home equity loan or line of credit than it is for a business line of credit, he said. Mike Astorino, head of retail lending at Newtown Savings Bank, agreed with Kennedy in the sense that decisions regarding home equity loans will be made on a caseby-case basis. "I think it is a factor. Most consumers take the tax deduction," he said, adding that home equity loans make up a good chunk of business for Newtown Savings Bank. "But I still believe the home equity loan is among the cheapest ways to borrow money. Even without the tax deduction, we still expect plenty of customers to use that option." Astorino anticipates customers rolling their home equity loan into their mortgage, or closing out their HELOCs entirely. But in some cases that may not make sense for

the borrower. For example, if rolling the home equity loan into a mortgage caused the mortgage to exceed $750,000, the new limit for mortgage interest deduction. It also doesn't make sense if rolling the loan into the mortgage pushes a borrower's loan-to-value ratio above 80 percent, triggering the need for mortgage insurance, which can cost borrowers a few hundred dollars per month, he said. That expense might exceed the interest the borrower was deducting from their home equity loan under the old tax law. Either way, Astorino said he expects lots of calls from customers inquiring about how to proceed with their home equity product. Fortunately, he believes that is an area in which the bank will thrive. "It is a very fluid situation and we are ready to turn on the dime; we have been conditioned like that for a while," he said. "For community banks, it's how nimble are we going to be and how quick are we going to see any new potential products. ... And then how that product affects our customers five, 10 or 20 years down the line." n Email: bberkowitz@thewarrengroup.com

REAL ESTATE TAX APPEAL SERVICES Do you feel that your propertyâ&#x20AC;&#x2122;s revaluation assessment for 2017 is too high? Do you own property in the Towns of Danbury, Stamford, Waterbury, Newtown, Ridgefield, Wilton, Middletown, Farmington, Glastonbury, New Britian, Waterford? If you do, then you should contact our firm to pursue an appeal of your assessment. We have represented commercial and residential property owners in real estate tax appeals throughout Connecticut for over 29 years. In most Towns, the deadline for filing an appeal to the Board of Assessment Appeals is February 20, 2018, so you should contact us as soon as possible. Our firm does not earn an attorney fee unless we are able to reduce your assessment. There is no charge for the initial consultation.

If you are interested in pursuing an appeal, please contact David L. Weiss, Esq., 1300 Boston Post Road, #8, Guilford, CT 06437, Tel. No. (203) 533-7178, E-Mail: dlweiss426@gmail.com.

JANUARY 2018 | THE COMMERCIAL RECORD | 5

Market-Based Solution

NO PARKING? NO PROBLEM Hartford Seeds Development With Flexible Zoning

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

ncouraging a steady pipeline of multifamily development has been a cornerstone of Hartford’s efforts to revitalize its downtown with new residents, and local officials have recognized the precarious financial position that can delay or derail projects.

Many developments have received subsidies from the Capital Region De-

velopment Authority (CRDA) and tax credits from state and federal sources,

6 | THE COMMERCIAL RECORD JANUARY 2018

but there’s another simple way to shave costs that’s helped nudge many toward the finish line: eliminating half-centuryold regulations that required a minimum number of parking spaces based upon the size of the project. “Parking imposes costs on all developers of large buildings, whether triggered when there’s a new building or conversion of an old building to a different use,” said Sara Bronin, chair of Hart-

ford’s planning and zoning commission. “When people wanted to convert office buildings to housing, they were running up against parking requirements that they sometimes could not meet on-site.” That forced developers to build costly parking, apply for variances and demonstrate they had a long-term agreement with a nearby property owner to provide parking, or put projects on hold. So in January 2016, the city ditched parking requirements for all properties in the downtown core as part of a comprehensive revamp of its 50-year-old zoning code. The results have been favorable, with approximately 500 housing units at eight locations currently approved, seeking financing or under construction, said Michael Freimuth, executive director of the CRDA, which was formed in 2012 to stimulate investment in the capital city. The cost savings are significant. Structured parking garages cost up to $30,000 per space to build, which can add roughly 10 percent to development costs per unit, Freimuth estimated. It’s also a reflection of the growing popularity of mixed-use projects with housing above commercial space, which generate demand for parking at different times of day. Then in December, Hartford dropped parking requirements throughout the entire 18-square-mile city, with the goal of encouraging growth in additional neighborhoods. It’s a reflection not only of costs, but of changing transportation options that deemphasize automotive travel, Freimuth said. “The world is changing rapidly and we’ve got increased mass transit, increased bicycle use, Zipcars and Uber,” he said. “And people work at home more than they used to. Sometime in the next five or 10 years, self-driving cars will become more commonplace.” Hartford is one of the largest cities in the U.S. to drop parking requirements citywide, following the lead of Buffalo in January 2017. The market-based strategy allows developers to decide whether to offer parking through private agreements with nearby property owners, if they see that as a selling point for tenants, Freimuth said.

Dakota Partners’ redevelopment of a former historic office building into 63 loft apartments was one of the first multifamily projects built after Hartford eliminated minimum parking requirements in new developments and conversions.

A market-based strategy allows developers to decide whether to offer parking through private agreements with nearby property owners. From Vacant Office Space to Lofts That was the formula adopted by Dakota Partners, a Waltham, Massachusetts-based development firm that acquired a historic but underutilized office building at 179 Allyn St. for its first Hartford project. Dakota converted the upper floors into 63 loftstyle apartments, using a $6.5 million loan from CRDA and private financing from Bank of America. Dakota struck agreements with owners of several nearby parking lots to reserve spaces for residents, who pay a monthly fee of approximately $100 to use them, said Roberto Arista, a principal and co-founder of Dakota Partners. Completed in June 2015, the complex is approximately 95 percent occupied, with market-rate units renting for $900 to $1,100, Arista said, and 20 percent of units

set aside for households earning a maximum of 80 percent of the area median income. Bronin, an architect married to current Hartford mayor and potential gubernatorial candidate Luke Bronin, said the changes are part of a broader attempt to make Hartford more business-friendly and fill in vacant lots and underutilized parcels. The 2015 zoning overhaul shrunk the number of property uses from an “absurd” 61 pages to just three, she said, while encouraging sustainable development and renewable energy uses. “We’re trying to redefine Hartford as a city that embraces a liveable character, and we’re trying to get away from being a downtown full of parking lots,” she said. n Email: sadams@thewarrengroup.com

JANUARY 2018 | THE COMMERCIAL RECORD | 7

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

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

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

8 | THE COMMERCIAL RECORD |JANUARY JANUARY2018 2018

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%

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

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

JANUARY 2018 | THE COMMERCIAL RECORD | 9

Inadequate Protection

NAR SURVEY FINDS MAJORITY OF AGENTS DON’T TAKE PROPER SAFETY PRECAUTIONS Awareness and Action Are Keys to Prevention

BY JIM MORRISON | COMMERCIAL RECORD STAFF

hile real estate sales can be an exciting, even glamorous job, it can also be dangerous. An agent is often alone in an empty house with prospective buyers; sometimes those houses are isolated or remote. And yet if last year’s NAR member safety report is an accurate summary of the industry, very few agents are taking basic precautions to protect themselves. 10 | THE COMMERCIAL RECORD JANUARY 2018

“I want people to be proactive, not paranoid,” said Tracey Hawkins, a Realtor safety trainer based in Kansas City, Missouri. “I tell them, ‘Your job description is to meet strangers in empty houses.’ I teach them how to avoid dangerous situations and how to get out of them if they can. My goal is to give agents the

tools they need to stay safe in realistic situations.” The 2016 National Association of Realtors member safety report, based on a survey of 58,077 Realtors with 3,091 responses, found 39 percent of Realtors experienced a situation where they feared for their personal safety or the safety of their personal information. Four percent of respondents reported being the victim of a crime while working. Though smartphones are nearly ubiquitous, only 42 percent of respondents use a safety app to track their whereabouts and alert family and colleagues if there’s trouble. Only 19 percent of respondents had taken Realtor safety training. Most agents aren’t prepared because while they are aware of the potential for danger, they think it will never happen to them, Hawkins said. Highly publicized crimes against real estate agents like the 2014 kidnapping and murder of Arkansas real estate agent Beverly Carter brought safety concerns to the top of real estate agents’ agenda for a while, but complacency slowly creeps in and agents forget to take basic safety precautions when meeting strangers alone at showings, Hawkins said. “Beverly Carter was a wake-up call across the country,” she said. “Agents are victimized on a daily basis and we’ll never hear many of those stories. What Beverly Carter did, every agent has done. She was successful. She worked in a safe area. Since then, there have been many other crimes against agents. It happens to male agents as well. Safety is still an issue and complacency is still an issue.”

Check the Mighty Google Herself a former real estate agent, Hawkins said the best thing agents can do to protect themselves and their clients is to do their homework by checking prospects out on sites like Google, Anywho. com and Spokeo.com – and most importantly, to trust their instincts.

“

I want people to be proactive, not paranoid.” — Tracey Hawkins, Realtor safety trainer

“Beverly Carter told a colleague she had a bad feeling,” she said. “Her attacker said he chose her because she was rich and worked alone.” At the same time Hawkins cautions agents not to discriminate against prospective clients because of how they look; it’s not a reliable indicator of character or safety, and it could be illegal. “Everyone has their own idea of what criminals look like,” she said. “We need to be concerned about every person. Don’t judge people by their appearance; that could cost you business or it could cost you your life. Trust your gut. Humans are the only animals who ignore their intuition. If you get the feeling something is wrong, it probably is. Safety must come first.” If prospects don’t or can’t answer routine questions over the phone, agents should be willing to walk away, she said. She also recommends meeting prospective new clients in the office or a public place before taking them to showings. They should also provide identification and a mortgage pre-approval letter, which helps illustrate legitimacy. Agents should have set procedures designed to protect themselves when showing properties, said Drew Serrano, a martial arts instructor, president of East Coast Training Systems in Waterbury and co-founder of Escape Alive, which teaches survival skills to people of all skill levels. Serrano and his wife, Danielle, also host classes designed to help real estate agents identify, avoid and escape dangerous situations. “Agents should meet clients at the office prior to the showing,” Serrano said. “If possible, introduce the client to your fellow agents so they know who you will

be with. Make sure someone knows where you will be and do not ride with the client to the property. Also, get in the habit of checking in with someone after every showing and keep a charged cell phone handy at all times.” Serrano also advocates being very careful about what personal information agents share publicly and what image they project in their marketing materials. “Agents should keep their marketing materials looking professional and don’t share too much personal information,” he said. “Avoid calling clients from home or other traceable numbers.”

Homework isn’t Always Enough More than half of respondents to the NAR survey – 53 percent – reported carrying a weapon while working. “Agents can work safely without a weapon,” Hawkins said. “But some people want a backup, a safety tool. About 17 percent of agents like pepper spray. They need to know the law, and they need to be trained how to use it effectively. Some agents like to talk about stun guns and Tasers, too.” Daniele Serrano said it takes years to become proficient at self-defense, but even beginners can learn enough to save their lives in a four-hour class. “We also recommend martial arts classes,” she said. “The more you train the better you’ll be. We also teach situational awareness. Too many people are walking around staring at their cell phone. You’ll have a much better chance of surviving an attack if you’re not caught off-guard.” The National Association of Realtors’ Safety Resources can be found here. n Email: jmorrison@thewarrengroup.com

JANUARY 2018 | THE COMMERCIAL RECORD | 11

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES

Nanette Pastore, senior vice president and managing director at Pearce Real Estate, has been elected treasurer to the board of directors for the New Haven Middlesex Association of Realtors for 2018. This will be her second term as treasurer. Directors are nominated by fellow board members and voted on by the general membership. Pastore is also a state board of director for the Connecticut Association of Realtors.

Joe Gianni will succeed Kevin Cunningham as Bank of America market president and the company’s enterprise leader in Hartford. After 10 years as market president, Cunningham will focus full-time on his new responsibilities as the global commercial bank credit executive for specialized industries and Canada. As market president for Hartford, Gianni will work across the region to connect businesses, families and individuals to BofA’s banking and investment teams. He will also lead the effort to direct the bank’s resources in the market and the region to address local priorities. In addition to his role as market president, Gianni is on the government relations team, in which he engages with public officials and local leaders on policy priorities. Prior to this role, Gianni served as the Northeast region executive, overseeing local market activity throughout the Northeast. He has been with BofA and its predecessor banking institutions in Hartford since 1989. Frederick M. Smith has been named corporate controller of Webster Bank and Webster Financial Corp. Smith brings more than 25 years of financial services industry experience, having previously worked as assistant controller of Webster Bank. As corporate controller, Smith will be a senior leader in Webster’s accounting department and oversee the corporation’s accounting operations, close and consolidation, and financial reporting activities. Smith joined Webster in 2005 as vice president and external financial reporting manager, and has since held several roles in the company’s accounting department. Prior to joining Webster, he held positions of financial analysis and reporting at The Hartford Steam Boiler Inspection & Insurance Co. and Aetna Inc. in Hartford.

Dr. Kolawole Olofinboba has been elected to the board of directors of Simsbury Bank. Olofinboba is managing partner of West Hartford-based Fairview Capital Inc. Fairview Capital is a private equity investment management firm focused on top-tier venture capital and next generation managers as well as co-investment and legacy asset management. Olofinboba joined Fairview Capital in 2007 and was appointed managing partner in 2015. Prior to joining Fairview, he was an engagement manager at McKinsey & Co., serving U.S. and global clients in health care and private equity. Olofinboba has also practiced medicine as a board-certified internist/hospitalist and assistant professor at the University of Connecticut Health Center in Farmington. He is on the boards of the National Association of Investment Companies, the Connecticut Children’s Medical Center and the Connecticut Science Center.

AWARDS & ACCOLADES Press|Cuozzo Commercial Services received two awards at the New Haven Middlesex Association of Realtors, CID “Deal of the Year Awards Dinner,” held at the New Haven Country Club on Dec. 13.

STEPHEN PRESS

Stephen Press and Ted Schaffer shared the “Office Sale of the Year” award for the $10 million sale of Hamden Center II, a 100,000 square-foot office complex. Stephen Press also received the “Apartment Deal of the Year” award for the sale of 655 Fitch St., Hamden, a 52-unit apartment complex that sold for $4.15 million. At the CCIM Deal Makers Awards Dinner held on Nov. 30, Press was also honored with the “Land Lease Transaction of the Year” Award.

12 | THE COMMERCIAL RECORD JANUARY 2018

TED SCHAFFER

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

WILLIAM R. HART, VICE PRESIDENT OF MORTGAGE BANKING, NEWTOWN SAVINGS BANK Bill Hart is a consistent top-producing loan originator who likes a challenge. How do you post such consistently big numbers? I would say hard work. I focus a lot more on making sure people call me again after I give them a mortgage. Unfortunately, the industry is set up to reward people for bringing in new business and pays you less for repeat business, which is ridiculous. Why do you think loan originators change companies so often? People will call another lender and see what kind of a deal they can get. Then they go back to their employer and ask them to match it and they won’t, so they leave. When the economy goes bad, if you can make more money somewhere else, you go. I think employers don’t look kindly on that.

FRAN DUGGAN, CEO AND CO-FOUNDER, PAYRAILZ If your customers hate taking valuable time to pay their bills, a new fintech firm based in Glastonbury may have the perfect solution to help make their lives easier. How does Payrailz work? When you go home on a Friday and want to sit down to have a beer, the last thing you want to do is pay your bills. And it gets worse when you realize you forgot to pay that bill that was due last Thursday. With Payrailz, you can pay all of your bills on this one platform. How does the artificial intelligence factor into the platform? Our banks have information on customer’s paying habits. We can leverage that data and use it to sense certain paying habits, but we always ask and confirm that is the way you want to do it. We are taking the data banks we already have, and using the power of our platform to deliver new value to customers.

DAN KEUNE, BROKER & PARTNER, CAMPBELL-KEUNE REALTY INC After working for several years in the grocery business with an eye toward eventually owning his own store, Dan Keune decided to give his parents’ business a try three decades ago and never left. How has the crumbling concrete foundation issue impacted your market? We try to come up with the right solution other than throwing the keys to the bank, which some people will have to do. Nothing will tear your heart out more than doing a walk-through on a listing appointment, going into the basement, seeing the mapping and explaining what’s going on. How is your market right now? We saw buyers become apprehensive when there was no state budget. We think people buy on price, they buy on payment. If taxes go up, the payment goes up. Since the budget passed, we’ve seen an uptick in activity. Frequently weather and the economy drive us more than the calendar.

GERRY AMODIO, EXECUTIVE DIRECTOR, NEW BRITAIN DOWNTOWN DISTRICT Gerry Amodio is a self-described “New Britain lifer,” but it wasn’t until 2010 that his passion for supporting the community became a fulltime job. What’s the demand for downtown real estate like? The property is still cheap, and we have seen something different happen because of the Fastrak. One developer took two knockdowns and renovated them into mixed-use with commercial on the bottom and apartments above. They’d probably get $5,000 (a month) in Boston, $2,200 in Hartford, here they’re getting $1,400 or $1,500. What prompted the city announcing it will offer 100 free parking spots in the Szczesny Garage for CTFastrak riders? Nobody is really educating the people that if you took the CTFastrak to Hartford, you’d save $2,300 in parking and fuel and wear-and-tear on your car. They tried to do a park-and-ride and it didn’t work. So the city said fine, we’ll give you the 100 spots.

JANUARY 2018 | THE COMMERCIAL RECORD | 13

Best Defense

ENSURING CYBERSECURITY THROUGH PUBLIC-PRIVATE PARTNERSHIP Government and Businesses Collaborate to Protect Digital Citizens

“

Believing that you’re too small to be a victim is a foolhardy philosophy.”

14 | THE COMMERCIAL RECORD JANUARY 2018

BY AL ALPER | SPECIAL TO THE COMMERCIAL RECORD

his past October marked the 14th year of National Cyber Security Awareness Month (NCSAM), an initiative originated by the U.S. Department of Homeland Security and the National Cyber Security Alliance. NCSAM was created as a collaborative effort between government and industry to ensure all digital citizens have the resources needed to stay safer and more secure online while also protecting their personal information. While collaboration between government and the private sector is something that typically sparks a great deal of discussion and debate, the merits of this kind of cooperation AL ALPER against cyberthreats is something that is hard to argue against. Insurance agencies in particular (and other businesses that deal with safeguarding large amounts of personal data) can reap the benefits of this relationship and apply the resulting knowledge toward an overall improved cybersecurity posture. Of all the areas for government and business to collaborate on, cybersecurity may be one of the most important. On one side, the federal government has formidable resources relative to the broader cyberthreat landscape seen around the world; businesses simply don’t have access to that intelligence or the tools used to gather and interpret it. That said, the government is not the organization best equipped to farm this data and use it to develop protective measures quickly and efficiently; the free market offers much better means of making sense of the data compiled and leveraging it to develop next generation tools. Given these circumstances, collaboration makes sense. Additionally, both sectors face the same types of threats from cybercriminals, albeit the philosophies behind the attacks might be different. While government is threatened by cyberattacks to infrastructure or government information, businesses are typically attacked to achieve financial gain.

Either way, hackers are using the same tools and behaving similarly to carry out these assaults. This public-private partnership allows businesses to inform government what the cybercriminals behaviors look like on a broader scale, including its nuances and targets; government, with its smaller attack vector, might not otherwise be able to recognize these patterns and its dangers. The private sector, on the other hand, can then benefit from the big data government gathers to mine and develop next-gen tools to ward off these newly realized attacks.

Protection For Small Businesses Some of what has already been learned from this collaboration can and should be put into practice today, especially for smaller businesses like many insurance agencies. After all, in 2016 approximately half of the Internet attacks worldwide targeted firms with less than 250 employees. Believing that “you’re too small to be a victim” is a foolhardy philosophy. Instead, insurance agencies and other small businesses should be implementing cybersecurity strategies that protect them against hackers. And contrary to what many business owners and executives might think is the biggest obstacle to good protection, many of these initiatives don’t cost a lot of money. In fact, simply putting policies and plans in place that promote a security-centric environment and following through on these with training and refreshers will go a long way toward potentially saving an agency money and time associated with recovering from a data hack. One of the most basic steps organizations can take is requiring longer, more complex

passwords. Employees who use something like their last name for the password (e.g., Lawson) are securing their data (and their agency’s network) with a lock that a sophisticated hacker can instantly break. Writing it backwards and you’ve only delayed them by a few hundred milliseconds. By adding in symbols and numbers – e.g. N0$w@l4 – an employee has now created a password that would take a hacker seven minutes to figure out. However, a simple sentence turns out to be a password that is easy to remember and hard to break: something like “Our Last name is Lawson” would take a hacker three septillion years to figure out! That said, keeping the same password for months on end increases the chances for hackers to decipher a password. Requiring a 45-day password rotation helps to eliminate this likelihood, and adding this policy to other plans that support a secure environment – like 10-minute screen savers, individual logins, backup and disaster recovery plans, acceptable use and other similar efforts – and these simple steps add up to a much more secure operating environment. Finally, continually emphasize an agency’s cybersecurity posture by training employees frequently. These efforts don’t have to be overwhelming – a quarterly review of policies, routine security announcements (that could be included in a staff meeting’s agenda, a message on a paystub or a popup when they log on in the morning), and perhaps incorporated as part of an employee’s annual review all add up to an environment where employees are always thinking about keeping their own data – and their agency’s data – safe. The intersection of public and private sector efforts toward increased awareness about staying cybersecure and recognizing cyberattacks can offer a number of benefits to all involved, especially as cybercriminals become more sophisticated in their attacks. Initiatives that lead toward thwarting the efforts of hackers are something that everyone can unite behind. n Al Alper is CEO and founder of Wilton, Connecticut-based Absolute Logic and CyberGuard360. He may be reach at al.alper@absolutelogic.com or (855) 255-1550.

JANUARY 2018 | THE COMMERCIAL RECORD | 15

NEWS ROUNDUP NOVEMBER CONSUMER CREDIT GROWTH HIGHEST SINCE 2001

HK GROUP COMPLETES 3-BUILDING SALE IN WESTPORT

Outstanding consumer credit in the U.S. rose roughly $27.9 billion in November from the previous month, reaching roughly $3.8 trillion, according to new data released last month by the Federal Reserve. That month-to-month growth is the highest since 2001, and grew at a seasonally adjusted rate of 8.75 percent, various media outlets have reported. Outstanding revolving credit, which consists of mostly credit cards, grew 13.3 percent year-over-year, and non-revolving credit grew 7.2 percent. The Federal Reserve Bank of New York in a separate statement said total household debt increased to $12.96 trillion as of Sept. 30, $280 billion higher than household debt at the peak of the third quarter of 2008. Balances climbed 0.6 percent on mortgages, 1.9 percent on auto loans, 3.1 percent on credit cards, and 1 percent on student loans this past quarter, according to the statement. Mortgage balances, the largest component of household debt, which stood at $8.47 trillion as of Sept. 30, saw a $52 billion uptick from the second quarter of 2017. Balances on home equity lines of credit declined slightly, and stood at $448 billion.

HK Group has sold an apartment complex and retail space to a developer who plans to refresh the property and include affordable housing units. A team of three brokers, David Lindland, Franco Fellah and Matthew Keefe, completed the sale of the 201 Main St. property for a price of $3.25 million. HK Group was the only broker involved in the transaction. The seller was the estate of Anna Nappa. According to ownership, the property was purchased around 1964. It was once home to Violet Antiques and Alfred Heckman Distributors. Nappa Sales, a small door, window and glass company, occupied it from 1971 until about two years ago. The property contains 13 residential units and a retail store. The new owner, Belden Place LLC plans to redevelop the property into a residential property with 14 apartments, three of which will be affordable housing, and a retail store. The property features three separate buildings comprising approximately 10,050 square feet, and sits on 0.39 acres in a restricted business district zone.

NEW RESTAURANT AND BAR COMING TO FAIRFIELD’S COMMERCE DRIVE Restaurateur Chun Yiu Kwok will open a new restaurant bar at 180 Commerce Drive in Fairfield. Kwok “has purchased a 2,750-square-foot industrial building on 0.3 acres for $612,500,” Jon Angel, president of Southport-based Angel Commercial LLC, said in a statement. He represented both the buyer and seller in this transaction. The new restaurant bar will be located across from the Mercedes Benz dealer and in close proximity to the Fairfield Metro Train Station, Frank Pepe Pizzeria and the new Trademark Fairfield Apartment Complex.

THE MOST VIEWED ARTICLES IN DECEMBER • Former CEO of New Haven County CU Prohibited from Working with Credit Unions • Nigerian Man Admits to Fraudulent Email Scheme • BlumShapiro Merges with Premier Accounting Group • Defunct Woodbury Restaurant Purchased, To Be Rebranded • Litchfield Bancorp Gets New Executive VP 16 | THE COMMERCIAL RECORD JANUARY 2018

• • • • •

Luckey Climbers Moves to New HQ in New Haven Webster Names Corporate Controller HK Group Completes 3-Building Sale in Westport NYC Halts $9.6M Incentive Package to Move Aetna to City Buying Still More Affordable Than Renting in Half of US

EVENTS NIGERIAN MAN ADMITS TO FRAUDULENT EMAIL SCHEME A Nigerian national pleaded guilty to fraud and identity theft offenses stemming from a business email compromise scheme. The FBI has been investigating a business compromise scheme in which Adeyemi Odufuye and others targeted CEOs, CFOs, controllers and others at U.S. businesses using sophisticated cyber techniques to defraud the businesses of millions of dollars. As part of this scheme, Odufuye and accomplices sent dozens of emails to the controller of a company in Torrington. In the emails, Odufuye posed at the real CEO of the victim company and instructed the controller to send multiple wire transfers exceeding a total of $1 million from the company’s accounts to various individuals and purported entities. The company then sent five wire transfers totaling more than $500,000 to accounts in Virginia, Florida, Washington, D.C. and Hong Kong. The investigation revealed that Odufuye and his associates controlled multiple email and social media accounts used in the scheme and, in certain instances, sent emails and attachments containing malware to the intended recipients. A company in Waterbury was also targeted, the investigation revealed. To date, the FBI has identified 36 wire confirmations in email accounts utilized by Odufuye and others, totaling more than $1.6 million. The figure does not include the more than $500,000 in wire transfers from the victim company in Connecticut. Odufuye pleaded guilty to one count of wire fraud, and faces up to 20 years in prison, and one count of aggravated identity theft, which carries a mandatory prison term of at least two years. Sentencing is scheduled for March 28.

THIRD ANNUAL WOMEN WHO BUILD SUMMIT Feb. 22, 2018 Goodwin College, 1 Riverside Dr., East Hartford, Connecticut 06118 Who should attend: Commercial real estate professionals More information: www.construction.org/event/WomenWhoBuild3

COUNSELING CENTER JOINS STAMFORD’S COMMERCE PLAZA

Connecticut Counseling Centers Inc. has inked a 10-year lease for the 6,700-square-foot ground floor of Commerce Plaza in Stamford. The not-for-profit corporation provides licensed outpatient substance abuse prevention, mental health care, education and treatment services to assist adults in becoming productive members of society. The new Stamford location will be its first in the city and fourth in Connecticut. The 26,000-square-foot renovated office/medical building at 15 Commerce Road features a new lobby, elevators and parking. Multiple fiber optic networks are available on-site, including Verizon, SNET and Light Path. Sean Cahill, Avison Young principal and managing director of the firm’s Fairfield/Westchester office, brokered the transaction.

WEBSTER FINANCIAL CORP. LANDS IN TOP 20 FOR CFPB COMPLAINTS Webster Bank’s holding company had 104 consumer complaints filed against it in the Consumer Financial Protection Bureau’s consumer complaint database last year, according to analysis from private loan marketplace LendingEDU. The study ranked banks by the number of CFPB complaints per billions of dollars in deposits. Complaints about all types of products were included in the study. In terms of pure number of complaints, Webster Financial Corp. ranked 20th on the list, although it was still far behind large banks at the top of the list such as Wells Fargo, which had 8,465 complaints. Other banks with the most complaints included Bank of America, J.P. Morgan and Citigroup. In terms of complaints per billion in deposits, the $26.3 billion asset Webster Bank had 4.99 complaints for every billion in deposits at the bank, ranking 19th on the list. The bank was also on the list in 2016. The CFPB consumer complaint database collected and displayed over 679,000 complaints sent to nearly 3,000 different companies from consumers throughout the U.S.

JANUARY 2018 | THE COMMERCIAL RECORD | 17

TOP COMMERCIAL TRANSACTIONS Visit www.commercialrecord.com for a complete list of commercial transactions updated weekly. TOP 3 STATEWIDE 54 S Broad St, Meriden............... $22,500,000

600 Derby Ave, West Haven........ $8,300,000*

85 Plainfield Ave, West Haven.... $8,300,000*

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

Use:................................ Commercial Devlpble Land

Use:.......................................................Public Utility

Buyer: ................................CH Rlty 8 CG CT Atlantic

Buyer: ............................Yale New Haven Health Svc

Buyer:............................ Yale New Haven Health Svc

Seller:.........................................General Equities Inc

Seller: .............................Acorn Technology Campus

Date:......................................................... 11/09/17

Date:......................................................... 11/30/17

Date: ......................................................... 11/30/17

Total Assessed Value (2017): .....................$785,610

Total Assessed Value (2017): ..................$1,879,570

Total Assessed Value (2017): .....................$256,340

Lot Size: ...................................................... 36721sf

Lot Size: .................................................. 3176831sf

Lot Size: .................................................... 180339sf

Prior Sale: ..................................$8,300,000 (08/17)

FAIRFIELD 54-56 Lafayette Pl, Greenwich....... $4,350,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer: .......................................... GH Realty Hldg LLC Seller:........................................ Lafayette Place Mgmt Date:............................................................ 12/01/17 Total Assessed Value (2017):..................... $2,251,690 Lot Size: ......................................................... 22651sf

55 Old Quarry Rd, Ridgefield.......... $3,200,000 Use:.......................................................... Public Utility Buyer:.......................................... FDG RF Propco LLC Seller: ........................................ Old Quarry Road LLC Date: ............................................................ 11/13/17 Total Assessed Value (2017): ........................$875,000 Lot Size: ....................................................... 220849sf

44 Sinawoy Rd, Greenwich............. $1,950,000 Use:................................... Apartment Bldg - 4-8 Units Buyer: ............................................ Sinawoy Road LLC Seller: ....................................... 44 Sinawoy Road LLC Mtg: ......................................TD Bank NA $1,462,500 Date: ............................................................ 11/29/17 Total Assessed Value (2017): ........................$632,450 Lot Size: ......................................................... 16988sf

29-31 Annawan St, Hartford........... $3,712,000 Use:................................... Apartment Bldg - 9 + Units Buyer:..................................... 29 Annawan Street LLC Seller:............................... Ritz Grand Apartments LLC Mtg: ..................... CBRE Capital Mkts Inc $3,025,000 Date:............................................................ 11/29/17 Total Assessed Value (2016): .....................$1,544,830 Prior Sale:........................................ $300,000 (07/11)

863-869 Park St, Hartford.............. $3,500,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer: ................................. Zion Park Affordables LLC Seller: .................................... Zion Park Associates LP Mtg: .......................EB Affordable Hsng Fi $3,750,000 Date:............................................................ 11/01/17 Total Assessed Value (2016): ..........................$98,000 Lot Size: ........................................................... 7300sf

72 Pie Hill Rd, Goshen..................... $832,500 Use:...................................Mixed Use-Agricult & Resid Buyer: ..................Stefan S Macleod & Rebecca R Lula Seller:................................................. Clifford E Treiber Mtg: ..........................First Choice Loan Svc $640,000 Date: ............................................................ 11/16/17 Total Assessed Value (2017):........................ $396,600 Lot Size:....................................................... 774932sf Prior Sale:........................................ $375,000 (10/97)

213 W Wakefield Blvd, Winchester..... $600,000 Use:............................................ Land-Vacant & Open Buyer:................. David C Preusse & Timoni K Preusse Seller:............................................... Brigitte M Fromm Date: ............................................................ 11/17/17 Total Assessed Value (2017): ............................$3,010 Lot Size:......................................................... 20038sf

50 Highland Ave, Middletown.......... $255,000 Use:..................................................Industrial Building Buyer:..................................... Weld Management LLC Seller: .......................................... James J Bombaci Jr Mtg: ............................ Start Community Bk $191,000 Date: ............................................................ 11/28/17 Total Assessed Value (2017):........................ $172,000 Lot Size:......................................................... 22651sf

621 Main St, Cromwell.................... $255,000 Use:............................................. Commercial Building Buyer: ...............Salvatore Caccamo & Maria Caccamo Seller: .............................................. Elizabeth Moulton Mtg: ..................................... Farmington Bk $100,000 Date:............................................................ 11/28/17 Total Assessed Value (2017): ........................$181,340 Lot Size:......................................................... 19166sf

HARTFORD 750-760 Main St, Hartford.............. $4,300,000 Use:...............................................Office Bldg-General Buyer: ............................................. Stark Office Suites Seller: ...................................................... 750 Main LP Mtg: ................................................ Seller $3,010,000 Date: ............................................................ 11/16/17 Total Assessed Value (2016):........................ $781,060 Lot Size: ........................................................... 9260sf Prior Sale:..................................... $1,500,000 (12/98)

LITCHFIELD 291 Danbury Rd, New Milford......... $1,250,000 Use:............................................. Commercial Building Buyer:.......................................... Z&Z Real Estate LLC Seller: ..................................... 291 Danbury Road LLC Mtg:........................ 291 Danbury Rd LLC $1,115,000 Date:............................................................ 11/13/17 Total Assessed Value (2017): ........................$707,560 Lot Size: ....................................................... 120226sf Prior Sale:..................................... $1,000,000 (11/14)

MIDDLESEX 184 Middlesex Ave, Chester............ $325,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer:..................................................... Susan Sbrolla Seller:....... Natalie M Lindstrom & Ditech Financial LLC Date:............................................................ 11/15/17 Total Assessed Value (2017):........................ $355,420 Lot Size:......................................................... 51836sf Prior Sale:........................................ $395,000 (06/01)

18 | THE COMMERCIAL RECORD JANUARY 2018

FEATURED PROPERTY 359 Merrow Rd, Tolland................................................................ $1,300,000 Use:........................................................................................ Commercial Building Buyer: .....................................................................................TFD Enterprises LLC Seller: ........................................................................................... DAM Assoc LLC Mtg: ...............................................................................................Seller $840,000 Date: ........................................................................................................11/13/17 Total Assessed Value (2017):................................................................... $555,000 Lot Size:.................................................................................................... 81457sf Prior Sale:................................................................................... $950,000 (09/02)

NEW HAVEN 54 S Broad St, Meriden..................$22,500,000 Use:............................................. Commercial Building Buyer:................................... CH Rlty 8 CG CT Atlantic Seller: ........................................... General Equities Inc Date: ............................................................ 11/09/17 Total Assessed Value (2017): ........................$785,610 Lot Size: ......................................................... 36721sf

300 Fresh Meadow Rd, West Haven.. $8,300,000* Use:...........................................Industrial Vacant Land Buyer:............................... Yale New Haven Health Svc Seller: ................................ Acorn Technology Campus Date:............................................................ 11/30/17 Total Assessed Value (2017)..........................: $50,820 Lot Size: ....................................................... 234353sf Prior Sale: .....................................$8,300,000 (08/17)

320 Fresh Meadow Rd, West Haven.. $8,300,000* Use:...........................................Industrial Vacant Land Buyer:............................... Yale New Haven Health Svc Seller:................................ Acorn Technology Campus Date:............................................................ 11/30/17 Total Assessed Value (2017):.......................... $51,030 Lot Size: ....................................................... 235224sf Prior Sale:..................................... $8,300,000 (08/17)

41 Greenmanville Ave, Stonington... $665,000 Use:....................................................... Other Exempt Buyer: ......................... Jon A Arruda & Nicole E Arruda Seller: ............................................... Sammyreport Inc Mtg:.......................... Eastern Svgs Bk FSB $465,000 Date: ............................................................ 11/16/17 Total Assessed Value (2017): ........................$195,400 Lot Size: ......................................................... 16117sf Prior Sale: ........................................$225,000 (07/13)

458 Shore Rd, Old Lyme.................. $540,000 Use:............................................. Commercial Building Buyer:......................................... 458 Shore Road LLC Seller:............................ David Agonis & Susan Agonis Date: ............................................................ 11/30/17 Total Assessed Value (2017): ........................$494,000 Lot Size:......................................................... 36970sf Prior Sale: ........................................$125,500 (04/99)

83 W Stafford Rd, Stafford............... $650,000 Use:............................................. Commercial Building Buyer: ................................................. Big Y Foods Inc Seller:................................................ Mystic Oil Co Inc Date: ............................................................ 12/04/17 Total Assessed Value (2017): ........................$280,490 Lot Size: ......................................................... 43560sf Prior Sale: ........................................$600,000 (03/16)

8 Berr Ave, Ellington........................ $205,000 Use:.................................................Religious Property Buyer: ......................................................Brian Borbas Seller: .................................... Saint Lukes Rom Cathol Mtg: ............................ Caliber Home Loans $184,500 Date: ............................................................ 11/22/17 Total Assessed Value (2016): ........................$184,820 Lot Size: ......................................................... 63162sf Prior Sale: ........................................$164,900 (06/97)

10 Brookside Lndg, Putnam............. $364,900 Use:............................................ Land-Vacant & Open Buyer: ............... Joshua A Reynolds & Emilia Reynolds Seller: ................................. Lavallee Construction LLC Mtg: .......................Seacoast Mortgage Cor $346,655 Date:............................................................ 11/08/17 Total Assessed Value (2017): ..........................$49,700 Lot Size: ....................................................... 123710sf Prior Sale:.......................................... $60,000 (05/17)

170 South St, Brooklyn.................... $350,000 Use:............................Mixed Use-Prim Comm & Other Buyer: ...................................Fontaine Real Estate LLC Seller: ..............................................170 South St LLC Mtg:............................ Fontaine Real Estate $250,000 Date: ............................................................ 11/30/17 Total Assessed Value (2017): ........................$199,600 Lot Size:....................................................... 714384sf

NEW LONDON 800 Ekonk Hill Rd, Voluntown.......... $745,000 Use:.................................. Forest Use-Christmas Trees Buyer: ......................................... Connecticut State Of Seller: .................................Cedar Woods Estates LLC Date: ............................................................ 11/06/17 Total Assessed Value (2017):.......................... $31,590 Lot Size: ..................................................... 8189280sf

TOLLAND 359 Merrow Rd, Tolland.................. $1,300,000 Use:............................................. Commercial Building Buyer: ..........................................TFD Enterprises LLC Seller: ................................................ DAM Assoc LLC Mtg: ................................................... Seller $840,000 Date: ............................................................ 11/13/17 Total Assessed Value (2017):........................ $555,000 Lot Size:......................................................... 81457sf Prior Sale:........................................ $950,000 (09/02)

WINDHAM 79 New Sweden Rd, Woodstock...... $420,000 Use:...................................Mixed Use-Agricult & Resid Buyer:................................................. Jeremy Lockard Seller:............... Katherine A Repko & Katherine Repko Mtg:................................. Quicken Loan Inc $336,000 Date: ............................................................ 11/07/17 Total Assessed Value (2017): ........................$148,130 Lot Size: ....................................................... 901692sf Prior Sale: ..........................................$90,000 (03/13)

*Group sale.

JANUARY 2018 | THE COMMERCIAL RECORD | 19

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BETHEL 1 Family

1 3

23.08%

169

168

-0.59%

$316,000

$310,000

-1.90%

$300,000

$313,750

4.58%

Condo

100.00%

32.35%

$270,000

$394,400

46.07%

$278,000

$296,520

6.66%

2 1

38.10%

299

331

10.70%

$300,000

$330,000

10.00%

$302,839

$318,000

5.01%

12.63%

All Sales

BRIDGEPORT 1 Family

5 0

10.00%

515

584

13.40%

$134,500

$170,000

26.39%

$151,824

$171,000

Condo

2 5

12.00%

254

291

14.57%

$75,000

$81,250

8.33%

$73,250

$75,000

2.39%

1 31

141

7.63% 1,278

1,459

14.16%

$125,000

$149,900

19.92%

$128,000

$145,000

13.28%

All Sales

BROOKFIELD 1 Family

1 9

-26.32%

184

173

-5.98%

$399,000

$379,725

-4.83%

$350,000

$361,500

3.29%

Condo

-20.00%

5.41%

$289,900

$210,000

-27.56%

$220,000

$202,500

-7.95%

2 8

-14.29%

314

308

-1.91%

$341,900

$317,500

-7.14%

$309,500

$323,500

4.52%

1 Family

3 3

48.48%

416

441

6.01%

$267,500

$295,000

10.28%

$270,000

$296,000

9.63%

Condo

2 5

36.00%

362

353

-2.49%

$258,900

$228,000

-11.94%

$190,000

$194,000

2.11%

50.00% 1,015

1,028

1.28%

$270,500

$270,000

-0.18%

$260,000

$275,000

5.77%

$1,385,000

6.54%

All Sales

DANBURY

All Sales

7 0

105

1 Family

2 2

-40.91%

266

275

3.38%

$1,219,313

$1,510,000

23.84% $1,300,000

Condo

0.00%

-10.00%

N/A

N/A $ 1,457,250

2 6

-38.46%

311

329

5.79%

$1,275,000

$1,505,000

18.04% $1,315,000

1 Family

160.00%

108

17.39%

$559,900

$575,000

Condo

N/A

116.67%

104

122

17.31%

$534,950

$575,000

DARIEN

All Sales

$746,500 -48.77% $1,340,000

1.90%

$600,000

$582,500

-2.92%

N/A

7.49%

$585,750

$550,000

-6.10%

9.73%

$590,000

$580,000

-1.69%

N/A $332,500

$360,000

8.27%

$543,500

$552,750

1.70%

4.98% $1,470,000

EASTON

All Sales

N/A

2.70% N/A

FAIRFIELD 1 Family

4 2

33.33%

657

739

12.48%

$539,975

$592,500

Condo

500.00%

121

30.11%

$397,750

5 2

28.85%

856

994

16.12%

$539,975

$585,000

All Sales

8.34%

GREENWICH 1 Family

2 1

47.62%

329

320

-2.74%

$1,175,000

$1,233,500

$1,447,500

-1.53%

Condo

1 1

-36.36%

113

0.00%

$685,000

$1,045,000

52.55%

$675,000

$700,000

3.70%

3 8

23.68%

518

547

5.60%

$975,000

$1,135,000

16.41% $1,100,000

$1,152,500

4.77%

1 Family

1 4

28.57%

179

194

8.38%

$330,250

$350,250

6.06%

$355,000

0.00%

Condo

-40.00%

-10.91%

$170,000

$200,000

17.65%

$228,500

$208,000

-8.97%

2 1

23.81%

268

286

6.72%

$318,500

$350,250

9.97%

$330,000

0.00%

$1,357,500

$1,485,000

9.39% $1,447,501

$1,470,000

1.55%

All Sales

MONROE

All Sales

NEW CANAAN 1 Family

1 4

7.14%

198

203

2.53%

Condo

-71.43%

-16.07%

2 1

-14.29%

274

275

0.36%

$1,250,000

$1,452,172

All Sales

$790,000 -100.00%

$587,500

$610,000

3.83%

16.17% $1,308,500

$1,262,000

-3.55%

NEW FAIRFIELD 1 Family

1 2

8.33%

188

202

7.45%

$379,500

$323,000

Condo

0.00%

N/A

1 5

6.67%

217

227

4.61%

$310,000

$267,750

-13.63%

4.17%

348

365

4.89%

$380,802

$415,000

8.98%

0 -100.00%

-7.50%

N/A

440

465

5.68%

$370,000

$415,000

All Sales

-14.89%

$326,250

$330,000

1.15%

N/A $245,000

$284,000

15.92%

$315,000

$325,000

3.17%

$371,000

$376,001

1.35%

N/A $329,380

$350,500

6.41%

$365,000

-0.68%

NEWTOWN 1 Family

2 4

Condo

All Sales

2 7

0.00%

20 | THE COMMERCIAL RECORD JANUARY 2018

12.16%

$367,500

Real estate & credit transactions updated every Thursday

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

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORWALK 1 Family

5 4

-35.19%

599

615

2.67%

$414,000

$429,000

3.62%

$430,000

$450,000

4.65%

Condo

2 1

42.86%

315

360

14.29%

$255,000

$245,000

-3.92%

$265,000

$255,000

-3.77%

-14.29% 1,084

1,135

4.70%

$391,000

$357,500

-8.57%

$380,000

$384,000

1.05%

109

118

8.26%

$555,000

$443,000

-20.18%

$523,000

$490,000

-6.31%

0.00%

N/A

N/A $264,500

$431,500

63.14%

-16.67%

133

137

3.01%

$492,500

$443,000

-10.05%

$510,000

$475,000

-6.86%

All Sales

9 1

1 Family

1 1

Condo

1 2

REDDING

All Sales

-9.09% N/A

RIDGEFIELD 1 Family

1 9

10.53%

306

330

7.84%

$705,000

$643,000

-8.79%

$639,500

$639,250

-0.04%

Condo

180.00%

20.31%

$524,000

$511,505

-2.38%

$237,500

$330,000

38.95%

2 6

57.69%

398

439

10.30%

$591,000

$543,309

-8.07%

$598,750

$576,730

-3.68%

1 Family

2 8

42.86%

329

353

7.29%

$323,250

$328,500

1.62%

$322,500

$313,000

-2.95%

Condo

1 4

-21.43%

143

119

-16.78%

$237,500

$240,000

1.05%

$250,000

$264,000

5.60%

16.67%

567

571

0.71%

$323,250

$321,000

-0.70%

$307,000

$309,000

0.65%

-80.00%

4.17%

$325,000

N/A -100.00%

$399,950

$435,000

8.76%

N/A

$375,150

$427,000

13.82%

All Sales

SHELTON

All Sales

5 4

SHERMAN 1 Family

1 0

Condo

1 1

-81.82%

5.36%

$290,000

All Sales

N/A

N/A -100.00%

STAMFORD 1 Family

5 4

-9.26%

646

624

-3.41%

$586,250

$540,000

-7.89%

$555,000

$560,000

0.90%

Condo

5 9

0.00%

607

579

-4.61%

$308,000

$286,000

-7.14%

$310,000

$302,500

-2.42%

1 33

128

-3.76% 1,538

1,442

-6.24%

$425,000

$394,250

-7.24%

$430,000

$435,000

1.16%

5.26%

All Sales

STRATFORD 1 Family

5 6

-33.93%

569

598

5.10%

$212,250

$240,000

13.07%

$228,000

$240,000

Condo

1 1

27.27%

145

153

5.52%

$159,547

$203,500

27.55%

$170,000

$185,000

8.82%

-25.30%

861

909

5.57%

$212,000

$233,250

10.02%

$212,000

$220,000

3.77%

$358,000

$348,500

All Sales

8 3

TRUMBULL 1 Family

3 6

-5.56%

477

403

-15.51%

Condo

-66.67%

25.00%

4 3

-11.63%

531

477

1 Family

1 4

-35.71%

158

137

Condo

1 4

-35.71%

169

151

All Sales

-2.65%

$360,000

$380,000

5.56%

$345,000 -100.00%

$305,000

$296,250

-2.87%

-10.17%

$351,000

$346,000

-1.42%

$355,000

$370,000

4.23%

-13.29%

$785,000

$650,000

-17.20%

$780,000

$789,000

1.15%

N/A

-10.65%

$785,000

$650,000

-17.20%

$760,000

$770,000

1.32%

$985,000

-11.26% $1,237,500

$1,219,000

-1.49%

WESTON

All Sales

N/A

WESTPORT 1 Family

2 1

66.67%

322

374

16.15%

$1,110,000

Condo

-66.67%

52.38%

$570,640

2 7

48.15%

390

472

21.03%

$945,000

$955,000

1 Family

1 8

-5.56%

202

198

-1.98%

$827,500

$650,000

Condo

0 -100.00%

-13.79%

N/A

251

250

-0.40%

$855,000

$650,000

All Sales

N/A -100.00%

$635,000

1.06% $1,167,240

$508,000 -20.00% $1,100,000

-5.76%

$779,500

$725,000

-6.99%

N/A $340,000

$367,000

7.94%

WILTON

All Sales

2 3

-26.09%

-21.45% -23.98%

$720,000

$686,250

-4.69%

FAIRFIELD COUNTY 1 Family

5 90

607

2.88% 7,306

7,572

3.64%

$405,000

$429,000

5.93%

$427,500

$440,000

2.92%

Condo

2 02

222

9.90% 2,498

2,589

3.64%

$269,450

$245,000

-9.07%

$255,000

0.00%

1,017

4.52% 11,872

12,413

4.56%

$351,000

$345,000

-1.71%

$360,000

$366,000

1.67%

All Sales

9 73

JANUARY 2018 | THE COMMERCIAL RECORD | 21

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

AVON 1 Family Condo All Sales

1 3 8 2 6

10 6 18

-23.08% -25.00% -30.77%

223 104 354

223 102 354

0.00% -1.92% 0.00%

$345,000 $200,000 $321,250

$297,450 $205,000 $212,500

-13.78% 2.50% -33.85%

$403,900 $202,500 $329,250

$430,000 $202,000 $318,750

6.46% -0.25% -3.19%

9 4 1 6

23 1 27

155.56% -75.00% 68.75%

161 45 237

187 29 259

16.15% -35.56% 9.28%

$227,250 $245,000 $228,625

$225,000 -0.99% N/A -100.00% $225,000 -1.59%

$244,900 $231,000 $239,000

$241,000 $243,000 $239,000

-1.59% 5.19% 0.00%

2 4 4 3 2

13 9 26

-45.83% 125.00% -18.75%

235 57 321

209 66 307

-11.06% 15.79% -4.36%

$173,500 $179,500 $186,500

$200,000 $160,000 $172,300

15.27% -10.86% -7.61%

$175,000 $235,000 $193,000

$199,900 14.23% $190,000 -19.15% $200,000 3.63%

4 7 5 6 6

48 6 63

2.13% 20.00% -4.55%

511 109 775

593 113 880

16.05% 3.67% 13.55%

$182,000 $55,000 $169,950

$169,500 $90,500 $160,000

-6.87% 64.55% -5.85%

$174,900 $104,000 $163,000

$170,000 $105,000 $159,900

8 -38.46% 0 -100.00% 8 -50.00%

104 3 131

118 0 142

13.46% -100.00% 8.40%

$295,000 N/A $258,000

$305,065 3.41% $274,500 N/A N/A $246,000 $305,065 18.24% $290,000

$319,950 16.56% N/A - 100.00% $324,950 12.05% $305,000 $133,750 $278,500

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

-2.80% 0.96% -1.90%

BURLINGTON 1 Family Condo All Sales

1 3 1 1 6

CANTON 1 Family Condo All Sales

1 3 2 1 8

12 3 16

-7.69% 50.00% -11.11%

110 37 164

129 42 197

17.27% 13.51% 20.12%

$340,000 N/A $310,000

$276,750 $117,000 $260,750

-18.60% $311,000 N/A $148,500 -15.89% $269,950

-1.93% -9.93% 3.17%

3 1 5

-50.00% 0.00% -44.44%

73 11 94

65 22 101

-10.96% 100.00% 7.45%

$240,200 N/A $227,500

$294,900 22.77% $256,000 N/A N/A $147,000 $279,900 23.03% $252,450

$280,000 9.38% $130,950 -10.92% $267,000 5.76%

39 6 53

-25.00% -33.33% -18.46%

463 47 642

507 111 747

9.50% 136.17% 16.36%

$130,000 $64,000 $126,000

$140,000 $92,000 $140,000

7.69% 43.75% 11.11%

$146,000 $90,000 $142,000

$145,000 -0.68% $60,000 -33.33% $135,000 -4.93%

1 1 3 2 3

3 1 11

-72.73% -66.67% -52.17%

90 36 178

94 47 198

4.44% 30.56% 11.24%

$157,400 $209,000 $150,000

$208,000 32.15% N/A -100.00% $208,000 38.67%

$206,000 $150,950 $165,000

$196,500 $138,000 $159,000

-4.61% -8.58% -3.64%

3 2 2 5 2

37 15 60

15.63% 650.00% 15.38%

434 104 623

507 96 675

16.82% -7.69% 8.35%

$148,750 N/A $129,700

$167,500 $129,500 $154,750

12.61% $168,700 N/A $138,450 19.31% $163,500

$178,000 $138,250 $175,000

5.51% -0.14% 7.03%

21 17 46

-4.55% 30.77% 24.32%

222 167 429

229 168 465

3.15% 0.60% 8.39%

$277,500 $159,000 $195,000

$302,500 $176,000 $230,000

9.01% 10.69% 17.95%

$342,500 $180,550 $265,000

$350,000 $188,000 $265,000

2.19% 4.13% 0.00%

2 6 9 4 0

27 6 37

3.85% -33.33% -7.50%

423 128 611

380 111 560

-10.17% -13.28% -8.35%

$288,725 $155,484 $268,150

$310,000 $172,000 $290,000

7.37% 10.62% 8.15%

$342,000 $170,000 $305,000

$336,500 $170,000 $294,750

-1.61% 0.00% -3.36%

1 1 2 1 5

8 2 11

-27.27% 0.00% -26.67%

137 13 182

143 23 197

4.38% 76.92% 8.24%

$289,000 N/A $275,000

$217,500 -24.74% $270,000 N/A N/A $180,500 $200,000 -27.27% $262,000

$280,000 $165,000 $255,000

3.70% -8.59% -2.67%

27 7 72

42.11% 75.00% 26.32%

255 95 750

289 107 818

13.33% 12.63% 9.07%

$112,000 $73,450 $151,500

$115,000 $35,000 $159,200

$128,000 $55,000 $141,050

6.67% 10.22% 6.94%

2 0 2

100.00% N/A 100.00%

11 0 12

14 0 23

EAST GRANBY 1 Family Condo All Sales

6 1 9

EAST HARTFORD 1 Family Condo All Sales

5 2 9 6 5

EAST WINDSOR 1 Family Condo All Sales

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

2 2 1 3 3 7

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

1 9 4 5 7

2.68% -52.35% 5.08%

$120,000 $49,900 $131,900

HARTLAND 1 Family Condo All Sales

1 0 1

27.27% N/A 91.67%

22 | THE COMMERCIAL RECORD JANUARY 2018

N/A N/A N/A

N/A $255,000 N/A N/A N/A $250,000

$276,500 8.43% N/A N/A $265,000 6.00%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

MANCHESTER 1 Family Condo All Sales

5 4 8 7 5

35 14 58

-35.19% 75.00% -22.67%

520 93 767

599 123 866

15.19% 32.26% 12.91%

$166,650 $114,000 $165,000

$169,900 $129,450 $162,000

1.95% 13.55% -1.82%

$167,000 $105,000 $164,000

$173,000 $112,500 $168,000

3.59% 7.14% 2.44%

9 1 13

50.00% 0.00% 85.71%

75 3 85

104 4 121

38.67% 33.33% 42.35%

$265,600 N/A $255,000

$233,500 -12.09% $272,500 N/A N/A $214,500 $275,000 7.84% $268,800

$248,000 $224,000 $245,000

-8.99% 4.43% -8.85%

41 16 80

2.50% 100.00% 19.40%

377 59 711

421 70 777

11.67% 18.64% 9.28%

$144,625 $62,288 $146,250

$153,000 $89,500 $139,950

5.79% 43.69% -4.31%

$135,000 $64,000 $133,000

$136,000 $93,500 $135,000

0.74% 46.09% 1.50%

27 12 43

0.00% 9.09% 10.26%

264 151 458

306 135 487

15.91% -10.60% 6.33%

$175,000 $125,800 $175,000

$215,000 $127,000 $192,000

22.86% 0.95% 9.71%

$209,900 $135,000 $190,000

$220,000 $142,500 $207,500

4.81% 5.56% 9.21%

9 5 23

-50.00% 0.00% -17.86%

139 48 233

167 65 287

20.14% 35.42% 23.18%

$186,500 $161,500 $184,500

$169,100 $138,500 $169,100

-9.33% -14.24% -8.35%

$181,000 $122,244 $175,000

$181,000 $140,000 $173,000

0.00% 14.53% -1.14%

8 12 21

-33.33% -25.00% -32.26%

126 147 307

105 138 265

-16.67% -6.12% -13.68%

$234,950 $132,950 $170,000

$324,250 $151,000 $210,000

38.01% 13.58% 23.53%

$287,450 $165,000 $218,000

$280,000 $151,375 $209,000

-2.59% -8.26% -4.13%

28 7 38

27.27% 600.00% 52.00%

347 67 432

331 103 462

-4.61% 53.73% 6.94%

$273,000 N/A $286,000

$337,500 $158,000 $279,000

23.63% $315,000 N/A $161,500 -2.45% $300,000

$321,000 $150,000 $300,000

1.90% -7.12% 0.00%

20 7 37

-25.93% -22.22% -9.76%

241 110 385

250 119 423

3.73% 8.18% 9.87%

$258,000 $128,000 $250,000

$257,000 $166,000 $259,000

-0.39% 29.69% 3.60%

$261,000 $156,950 $235,000

$274,950 $155,000 $247,500

5.34% -1.24% 5.32%

2 7 4 4 1

27 7 46

0.00% 75.00% 12.20%

376 92 571

395 106 612

5.05% 15.22% 7.18%

$262,500 $145,500 $262,500

$254,900 $143,000 $216,250

-2.90% -1.72% -17.62%

$268,000 $152,500 $240,000

$280,000 $153,500 $248,450

4.48% 0.66% 3.52%

1 3 5 2 3

15 7 30

15.38% 40.00% 30.43%

134 48 228

124 42 230

-7.46% -12.50% 0.88%

$258,000 $153,500 $258,000

$285,000 $139,900 $263,500

10.47% -8.86% 2.13%

$297,500 $174,500 $254,000

$272,250 $185,450 $255,000

-8.49% 6.28% 0.39%

53 3 63

1.92% -50.00% -3.08%

730 120 956

774 131 1,009

6.03% 9.17% 5.54%

$272,297 $158,000 $277,093

$282,000 $225,000 $265,000

3.56% 42.41% -4.36%

$300,000 $210,563 $287,700

$310,000 3.33% $189,000 -10.24% $290,000 0.80%

3 2 3 3 6

28 3 34

-12.50% 0.00% -5.56%

360 45 434

364 56 451

1.11% 24.44% 3.92%

$212,500 $65,000 $212,500

$222,550 4.73% $137,500 111.54% $220,050 3.55%

$230,000 $129,000 $222,500

$237,250 $131,450 $225,000

3.15% 1.90% 1.12%

2 5 8 3 6

29 6 37

16.00% -25.00% 2.78%

315 65 435

317 74 437

0.63% 13.85% 0.46%

$210,299 $163,250 $207,000

$224,500 $167,250 $209,500

6.75% 2.45% 1.21%

$191,000 $180,000 $187,500

$202,000 $184,500 $205,500

5.76% 2.50% 9.60%

11 5 18

0.00% 66.67% 12.50%

128 32 200

129 50 215

0.78% 56.25% 7.50%

$195,000 $253,000 $203,500

$199,500 $133,500 $189,250

2.31% -47.23% -7.00%

$166,750 $131,500 $169,500

$175,000 $135,450 $169,900

4.95% 3.00% 0.24%

-6.62% 7,584 19.35% 2,036 -0.70% 11,705

8,073 2,253 12,565

6.45% 10.66% 7.35%

$199,900 $143,000 $189,900

$211,000 $132,900 $196,000

5.55% -7.06% 3.21%

$219,000 $150,000 $199,000

$218,000 $145,000 $200,000

-0.46% -3.33% 0.50%

MARLBOROUGH 1 Family Condo All Sales

6 1 7

NEW BRITAIN 1 Family Condo All Sales

4 0 8 6 7

NEWINGTON 1 Family Condo All Sales

2 7 1 1 3 9

PLAINVILLE 1 Family Condo All Sales

1 8 5 2 8

ROCKY HILL 1 Family Condo All Sales

1 2 1 6 3 1

SIMSBURY 1 Family Condo All Sales

2 2 1 2 5

SOUTH WINDSOR 1 Family Condo All Sales

2 7 9 4 1

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

WEST HARTFORD 1 Family Condo All Sales

5 2 6 6 5

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

1 1 3 1 6

HARTFORD COUNTY 1 Family Condo All Sales

6 65 1 55 1 ,003

621 185 996

JANUARY 2018 | THE COMMERCIAL RECORD | 23

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BARKHAMSTED 1 Family Condo All Sales

3 0 4

5 0 6

66.67% N/A 50.00%

30 0 41

31 0 46

3.33% N/A 12.20%

$255,000 N/A $270,000

$238,000 -6.67% $256,250 $244,000 -4.78% N/A N/A N/A N/A N/A $241,000 -10.74% $257,500 $245,075 -4.83%

4 0 5

300.00% N/A 25.00%

29 0 41

25 0 35

-13.79% N/A -14.63%

N/A N/A $802,500

$275,000 N/A $255,000 N/A N/A N/A $260,000 -67.60% $250,000

$260,000 1.96% N/A N/A $235,000 -6.00%

4 0 4

2 0 2

-50.00% N/A -50.00%

22 0 33

26 2 33

18.18% N/A 0.00%

$480,000 N/A $480,000

N/A -100.00% $330,000 N/A N/A N/A N/A -100.00% $330,000

$482,500 46.21% N/A N/A $490,000 48.48%

2 0 2

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

14 0 19

17 0 18

21.43% N/A -5.26%

N/A N/A N/A

N/A $215,000 N/A N/A N/A $210,000

$280,000 30.23% N/A N/A $290,000 38.10%

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

21 0 24

16 0 19

-23.81% N/A -20.83%

N/A N/A N/A

N/A $199,500 N/A N/A N/A $212,800

$207,500 4.01% N/A N/A $210,000 -1.32%

1 0 1

0 -100.00% 0 N/A 1 0.00%

16 0 22

18 0 30

12.50% N/A 36.36%

N/A N/A N/A

N/A $297,500 N/A N/A N/A $345,000

$222,500 -25.21% N/A N/A $215,000 -37.68%

5 0 8

5 0 6

0.00% N/A -25.00%

56 1 73

51 0 69

-8.93% -100.00% -5.48%

$301,500 N/A $290,750

$320,000 6.14% $303,250 N/A N/A N/A $352,500 21.24% $300,000

$320,000 5.52% N/A N/A $285,000 -5.00%

4 0 6

2 0 4

-50.00% N/A -33.33%

70 1 94

55 2 76

-21.43% 100.00% -19.15%

$285,000 N/A $190,000

N/A -100.00% $264,000 N/A N/A N/A $159,450 -16.08% $252,500

$260,000 -1.52% N/A N/A $248,250 -1.68%

3 1 4

2 1 5

-33.33% 0.00% 25.00%

29 8 54

14 2 31

-51.72% -75.00% -42.59%

$210,000 N/A $205,000

N/A -100.00% $337,000 N/A N/A $174,950 $325,000 58.54% $270,500

$517,500 53.56% N/A - 100.00% $275,000 1.66%

8 14.29% 0 -100.00% 11 10.00%

73 14 124

85 15 146

16.44% 7.14% 17.74%

$335,359 N/A $355,180

$263,750 -21.35% $294,000 N/A N/A $257,250 $245,000 -31.02% $305,000

$255,000 -13.27% $235,000 -8.65% $250,500 -17.87%

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

15 0 25

21 2 45

6 0.00% 0 -100.00% 8 -27.27%

56 8 89

71 2 106

26.79% -75.00% 19.10%

$312,750 $76,500 $289,900

$331,200 5.90% N/A -100.00% $275,950 -4.81%

$260,000 $105,000 $220,000

$267,500 2.88% N/A - 100.00% $242,000 10.00%

281 62 425

300 90 492

6.76% 45.16% 15.76%

$293,500 $117,500 $238,725

$280,000 $136,000 $250,000

$271,000 $135,000 $245,000

$279,750 $124,875 $244,000

20 0 30

17 1 28

-15.00% N/A -6.67%

N/A N/A $199,625

N/A N/A $198,250 N/A N/A N/A $268,000 34.25% $200,000

BETHLEHEM 1 Family Condo All Sales

1 0 4

BRIDGEWATER 1 Family Condo All Sales

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

2 0 2

CORNWALL 1 Family Condo All Sales

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

KENT 1 Family Condo All Sales

LITCHFIELD 1 Family Condo All Sales

7 1 1 0

MORRIS 1 Family Condo All Sales

2 0 2

40.00% N/A 80.00%

N/A N/A N/A

N/A $247,000 N/A N/A N/A $225,000

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

NEW HARTFORD 1 Family Condo All Sales

6 3 1 1

NEW MILFORD 1 Family Condo All Sales

2 8 6 4 4

23 7 38

2 0 4

2 0 3

-17.86% 16.67% -13.64%

-4.60% 15.74% 4.72%

3.23% -7.50% -0.41%

NORFOLK 1 Family Condo All Sales

0.00% N/A -25.00%

24 | THE COMMERCIAL RECORD JANUARY 2018

$268,000 35.18% N/A N/A $202,500 1.25%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORTH CANAAN 1 Family

0 -100.00%

Condo

All Sales

-43.75%

0.00%

-75.00%

-54.00%

$219,500 $159,900

N/A

$229,000 N/A

N/A -100.00% N/A

N/A

N/A -100.00%

$159,400 N/A

$157,500 N/A

-1.19% N/A

$150,000

$155,000

3.33%

$165,000

$160,000

-3.03%

$97,900

$107,000

9.30%

PLYMOUTH 1 Family

1 7

-41.18%

109

165

51.38%

Condo

0.00%

-15.38%

2 2

-40.91%

149

199

33.56%

$158,950

$150,350

-5.41%

$156,500

$157,000

0.32%

1 Family

-42.86%

-3.13%

$450,000

$375,000

-16.67%

$461,000

$540,000

17.14%

Condo

1 0

-60.00%

-50.00%

45 4

All Sales

N/A

$149,175 N/A

-6.71% N/A

ROXBURY

All Sales

N/A

N/A $375,000

N/A

-10.87%

$380,000

11.11%

$1,165,000

-25.00% 6.15%

$1,130,000

$325,000

-71.24%

$326,250

$332,000

1.76%

N/A

-1.32%

$438,500

$540,000

23.15%

N/A -100.00%

$420,000

$402,500

-4.17%

N/A $317,750

$410,000

29.03%

$370,000

$410,000

10.81%

$325,000

$335,000

3.08%

SALISBURY 1 Family

Condo

-57.14%

1 Family

100.00%

-9.09%

Condo

200.00%

66.67%

5.00%

$326,250

$323,000

-1.00%

-42.86%

36.00%

$217,000

$145,500

-32.95%

-25.00% 22.37%

$203,500

$132,000

All Sales

N/A

SHARON

All Sales

N/A

$165,100

N/A

$315,000

$320,000

1.59%

$212,500

$183,750 -13.53%

THOMASTON 1 Family

Condo

1 0

-40.00%

All Sales

N/A

$84,950

$97,000

14.18%

-35.14%

$187,500

$170,000

-9.33%

TORRINGTON 1 Family

3 4

-14.71%

354

358

1.13%

$136,500

$142,500

4.40%

$132,950

$135,000

1.54%

Condo

1 2

-58.33%

-17.78%

$68,450

$91,500

33.67%

$66,750

$82,325

23.33%

5 9

-27.12%

565

556

-1.59%

$92,000

$135,000

46.74%

$115,000

$120,000

4.35%

1 Family

N/A

-47.37%

Condo

N/A

200.00%

400.00%

51 1

All Sales

WARREN

All Sales

N/A

N/A $560,000

N/A

-33.33%

N/A

$475,000

N/A $300,000

9.80%

N/A

$319,000

500.00%

N/A

$331,500 -40.80% N/A

N/A

$331,500

10.50%

N/A $500,000

$469,500

-6.10%

N/A

$234,500

N/A -5.00%

WASHINGTON 1 Family

Condo

100.00%

5.88%

$169,000

$344,000 103.55%

$450,000

$427,500

$211,750

-0.12%

$190,000

$205,000

7.89%

N/A -100.00%

$163,250

$184,500

13.02%

All Sales

N/A

WATERTOWN 1 Family

1 5

100.00%

207

241

16.43%

$212,000

Condo

-60.00%

-3.57%

$150,000

2 5

44.00%

299

344

15.05%

$165,000

$208,000

26.06%

$185,000

$191,500

3.51%

-10.00%

103

111

7.77%

$162,500

$205,000

26.15%

$150,000

$170,000

13.33%

150.00%

$69,500

$73,500

5.76%

155

173

11.61%

$158,500

$137,500

-13.25%

$135,000

$157,000

16.30% 6.33%

All Sales

WINCHESTER 1 Family

1 0

Condo

1 2

All Sales

N/A 33.33%

N/A

$74,250

N/A

WOODBURY 1 Family

1 1

-36.36%

4.40%

$295,000

$416,000

41.02%

$316,000

$336,000

Condo

100.00%

25.00%

$169,000

$114,500

-32.25%

$130,000

$115,951 -10.81%

1 6

12.50%

157

161

2.55%

$269,750

$184,175

-31.72%

$272,500

$270,000

-8.20% 1,869

All Sales

-0.92%

LITCHFIELD COUNTY 1 Family

1 83

168

Condo

3 3

2 81

248

All Sales

1,990

6.47%

$225,000

$240,500

6.89%

$220,000

$225,000

2.27%

284

310

9.15%

$103,000

$115,000

11.65%

$111,250

$111,225

-0.02%

-11.74% 2,817

2,990

6.14%

$200,000

$200,500

0.25%

$193,500

$195,000

0.78%

-12.12%

JANUARY 2018 | THE COMMERCIAL RECORD | 25

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

CHESTER 1 Family Condo All Sales

4 0 6

2 0 3

1 1 4 1 7

13 3 18

-50.00% N/A -50.00%

46 0 53

44 0 52

-4.35% N/A -1.89%

$206,000 N/A $131,000

N/A -100.00% $262,000 N/A N/A N/A $230,000 75.57% $250,125

$282,500 7.82% N/A N/A $275,000 9.95%

18.18% -25.00% 5.88%

165 35 237

168 34 238

1.82% -2.86% 0.42%

$304,925 $137,500 $229,000

$232,500 $160,000 $225,000

-23.75% 16.36% -1.75%

$259,900 $151,500 $235,000

$261,750 0.71% $134,500 -11.22% $236,250 0.53%

10 11 26

0.00% 37.50% 13.04%

108 115 261

117 132 276

8.33% 14.78% 5.75%

$241,500 $134,500 $238,000

$232,500 $155,500 $214,250

-3.73% 15.61% -9.98%

$254,250 $132,000 $180,100

$245,000 $137,750 $183,500

6 1 7

3 5 10

-50.00% 400.00% 42.86%

54 8 70

38 20 72

-29.63% 150.00% 2.86%

$255,500 N/A $220,000

$257,450 $160,000 $165,700

6 0 6

3 0 3

-50.00% N/A -50.00%

79 5 98

89 3 104

12.66% -40.00% 6.12%

$316,000 N/A $316,000

$300,000 N/A $300,000

CLINTON 1 Family Condo All Sales

CROMWELL 1 Family Condo All Sales

1 0 8 2 3

-3.64% 4.36% 1.89%

DEEP RIVER 1 Family Condo All Sales

0.76% $234,950 N/A $141,500 -24.68% $233,700

$239,750 2.04% $137,500 -2.83% $192,500 -17.63%

DURHAM 1 Family Condo All Sales

-5.06% $280,000 N/A $160,000 -5.06% $276,500

$340,000 $215,000 $334,755

21.43% 34.38% 21.07%

EAST HADDAM 1 Family Condo All Sales

6 1 8

12 1 18

100.00% 0.00% 125.00%

120 4 153

120 5 174

0.00% 25.00% 13.73%

$226,500 N/A $226,500

$213,500 -5.74% $248,950 N/A N/A $216,839 $194,000 -14.35% $230,000

$235,000 -5.60% $145,000 -33.13% $212,000 -7.83%

1 2 2 1 6

17 2 25

41.67% 0.00% 56.25%

149 14 197

161 27 234

8.05% 92.86% 18.78%

$256,000 N/A $219,500

$267,500 4.49% $260,000 N/A N/A $142,750 $250,000 13.90% $253,000

$249,000 $150,000 $228,000

-4.23% 5.08% -9.88%

9 2 1 1

8 2 12

-11.11% 0.00% 9.09%

80 17 113

86 8 115

7.50% -52.94% 1.77%

$340,000 N/A $279,000

$540,000 58.82% $311,250 N/A N/A $215,000 $463,750 66.22% $275,500

$334,125 $202,500 $312,500

7.35% -5.81% 13.43%

7 0 1 0

9 0 12

28.57% N/A 20.00%

106 0 126

102 1 139

-3.77% N/A 10.32%

$181,900 N/A $209,950

$205,000 12.70% $255,000 N/A N/A N/A $212,500 1.21% $252,500

$276,850 8.57% N/A N/A $271,000 7.33%

4 0 4

-50.00% N/A -50.00%

84 0 91

85 1 107

1.19% N/A 17.58%

$323,500 N/A $323,500

$317,528 N/A $317,528

$323,000 -0.62% N/A N/A $295,000 -10.61%

6 0 9

20.00% N/A 0.00%

50 4 69

53 7 77

6.00% 75.00% 11.59%

$320,000 N/A $205,000

$239,950 -25.02% $255,000 N/A N/A $198,450 $250,000 21.95% $249,900

$248,600 $214,000 $248,600

-2.51% 7.84% -0.52%

EAST HAMPTON 1 Family Condo All Sales

ESSEX 1 Family Condo All Sales

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

8 0 8

-1.85% $325,000 N/A N/A -1.85% $330,000

MIDDLEFIELD 1 Family Condo All Sales

5 0 9

MIDDLETOWN 1 Family Condo All Sales

3 8 1 2 5 9

32 8 46

-15.79% -33.33% -22.03%

295 129 512

369 125 613

25.08% -3.10% 19.73%

$224,950 $120,750 $183,000

$211,000 $105,350 $195,450

-6.20% -12.75% 6.80%

$213,500 $104,000 $172,500

$208,000 $114,900 $181,000

-2.58% 10.48% 4.93%

14 2 19

-17.65% -33.33% -24.00%

137 14 199

172 28 238

25.55% 100.00% 19.60%

$348,000 $360,000 $348,000

$282,500 -18.82% N/A -100.00% $295,000 -15.23%

$366,000 $355,000 $350,000

$360,000 $364,375 $357,050

-1.64% 2.64% 2.01%

7 1 12

16.67% -50.00% -7.69%

96 18 148

115 14 162

19.79% -22.22% 9.46%

$198,000 N/A $180,000

$194,990 N/A $182,335

OLD SAYBROOK 1 Family Condo All Sales

1 7 3 2 5

PORTLAND 1 Family Condo All Sales

6 2 1 3

26 | THE COMMERCIAL RECORD JANUARY 2018

-1.52% $232,000 N/A $192,250 1.30% $214,100

$244,000 5.17% $132,450 -31.11% $210,000 -1.91%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

55 6 106

90 11 115

63.64% 83.33% 8.49%

$251,250 N/A $243,500

$232,000 N/A $235,000

-7.66% $285,000 N/A $360,950 -3.49% $259,950

$323,750 $325,000 $322,500

13.60% -9.96% 24.06%

-3.87% 1,624 -2.78% 369 -7.35% 2,433

1,809 416 2,716

11.39% 12.74% 11.63%

$247,000 $133,500 $228,000

$238,000 $150,000 $220,000

-3.64% 12.36% -3.51%

$264,000 $135,625 $235,000

1.54% 2.75% 0.00%

WESTBROOK 1 Family Condo All Sales

1 0 1 2 7

9 -10.00% 0 -100.00% 10 -62.96%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 55 3 6 2 45

149 35 227

$260,000 $132,000 $235,000

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JANUARY 2018 | THE COMMERCIAL RECORD | 27

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANSONIA 1 Family Condo All Sales

1 5 3 2 8

8 -46.67% 0 -100.00% 15 -46.43%

148 7 228

152 2 233

2.70% -71.43% 2.19%

$140,000 $166,000 $166,250

$179,500 28.21% N/A -100.00% $182,000 9.47%

$178,000 $135,000 $170,500

$176,000 -1.12% N/A - 100.00% $179,000 4.99%

$232,000 $361,850 $251,250

$242,500 4.53% $173,000 -52.19% $246,000 -2.09%

BEACON FALLS 1 Family Condo All Sales

6 5 1 3

4 1 5

-33.33% -80.00% -61.54%

53 20 92

49 19 91

-7.55% -5.00% -1.09%

$250,000 $498,507 $335,000

$262,500 5.00% N/A -100.00% $315,000 -5.97%

5 0 7

3 0 3

-40.00% N/A -57.14%

60 0 69

56 0 66

-6.67% N/A -4.35%

$350,000 N/A $280,000

$265,000 -24.29% $330,250 N/A N/A N/A $265,000 -5.36% $309,000

$317,500 -3.86% N/A N/A $313,000 1.29%

BETHANY 1 Family Condo All Sales

BRANFORD 1 Family Condo All Sales

1 6 1 1 3 3

11 18 35

-31.25% 63.64% 6.06%

206 148 429

216 167 476

4.85% 12.84% 10.96%

$367,250 $155,000 $270,000

$240,578 $156,000 $210,000

-34.49% 0.65% -22.22%

$316,000 $154,750 $233,000

$297,000 $155,000 $235,000

-6.01% 0.16% 0.86%

2 2 6 3 3

27 9 44

22.73% 50.00% 33.33%

272 67 391

298 78 424

9.56% 16.42% 8.44%

$307,750 $76,500 $250,000

$270,000 -12.27% $179,900 135.16% $237,000 -5.20%

$302,000 $155,000 $279,900

$317,500 $163,750 $281,500

5.13% 5.65% 0.57%

1 0 2 1 9

5 4 12

-50.00% 100.00% -36.84%

78 35 167

65 69 179

-16.67% 97.14% 7.19%

$162,750 N/A $137,000

$219,000 $139,450 $170,500

34.56% $181,500 N/A $125,500 24.45% $152,000

$180,000 $144,900 $154,000

-0.83% 15.46% 1.32%

27 9 40

8.00% 50.00% 11.11%

275 97 418

330 101 488

20.00% 4.12% 16.75%

$159,000 $173,000 $159,500

$170,000 $137,250 $160,000

$180,000 $135,000 $173,000

$180,000 $137,000 $174,950

0.00% 1.48% 1.13%

4 2 1 4 8

29 2 31

-30.95% 100.00% -35.42%

270 28 336

255 47 359

-5.56% $328,750 $350,000 67.86% 6.85% $335,000 $330,000

6.46% $350,000 N/A $120,000 -1.49% $336,500

$378,000 $215,000 $359,000

8.00% 79.17% 6.69%

4 3 1 2 6 9

40 12 61

-6.98% 0.00% -11.59%

497 116 707

448 108 653

-9.86% -6.90% -7.64%

$192,500 $125,250 $175,000

$171,500 $116,750 $173,000

$190,000 $113,000 $175,500

$196,950 $114,750 $185,000

3.66% 1.55% 5.41%

2 0 0 2 2

24 0 30

248 17 291

241 25 301

-2.82% 47.06% 3.44%

$427,000 N/A $410,000

$399,000 -6.56% $400,000 N/A N/A $245,000 $337,500 -17.68% $378,000

$405,000 $344,500 $377,500

1.25% 40.61% -0.13%

6 0 1 0 8 7

45 14 83

-25.00% 40.00% -4.60%

528 133 831

560 132 874

6.06% -0.75% 5.17%

$135,500 $56,750 $127,000

$154,900 $99,500 $150,000

14.32% 75.33% 18.11%

$154,700 $90,000 $134,500

$159,950 $98,250 $142,950

3.39% 9.17% 6.28%

9 3 1 3

10 3 15

11.11% 0.00% 15.38%

80 20 141

98 29 155

22.50% 45.00% 9.93%

$279,900 $339,875 $315,000

$341,000 $353,500 $300,000

21.83% 4.01% -4.76%

$273,500 $407,125 $290,000

$282,250 3.20% $347,000 -14.77% $309,000 6.55%

5 3 8 6 7

37 12 57

-30.19% 50.00% -14.93%

532 169 803

600 200 900

12.78% 18.34% 12.08%

$263,000 $136,000 $255,000

$260,000 $152,500 $255,000

-1.14% 12.13% 0.00%

$278,500 $167,500 $260,000

$290,000 $199,500 $270,000

4.13% 19.10% 3.85%

14 6 27

-30.00% 50.00% -6.90%

273 55 394

282 55 434

3.30% 0.00% 10.15%

$153,450 $64,500 $145,000

$166,000 $70,450 $141,000

8.18% 9.22% -2.76%

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

$166,500 $78,000 $155,700

4.06% 13.04% 5.20%

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

2 5 6 3 6

6.92% -20.66% 0.31%

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

-10.91% -6.79% -1.14%

MADISON 1 Family Condo All Sales

20.00% N/A 36.36%

MERIDEN 1 Family Condo All Sales

MIDDLEBURY 1 Family Condo All Sales

MILFORD 1 Family Condo All Sales

NAUGATUCK 1 Family Condo All Sales

2 0 4 2 9

28 | THE COMMERCIAL RECORD JANUARY 2018

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NEW HAVEN 1 Family Condo All Sales

3 0 8 7 5

28 12 93

-6.67% 50.00% 24.00%

350 146 952

361 174 1,005

3.14% 19.18% 5.57%

$173,000 $166,000 $170,000

$219,950 $109,300 $199,900

27.14% -34.16% 17.59%

$172,875 $138,000 $164,950

$169,000 $131,500 $167,600

-2.24% -4.71% 1.61%

-18.18% N/A -50.00%

121 17 160

138 29 197

14.05% 70.59% 23.13%

$297,500 N/A $252,500

$226,000 -24.03% $260,000 N/A N/A $160,000 $226,000 -10.50% $249,000

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

-1.92% -6.25% -5.66%

116.67% -33.33% 94.74%

237 27 321

240 23 347

1.27% -14.81% 8.10%

$267,000 $233,000 $267,000

$278,000 $230,000 $295,000

4.12% -1.29% 10.49%

141 8 176

145 12 183

2.84% 50.00% 3.98%

-6.32% $346,500 N/A $408,184 4.17% $361,500

$341,000 $448,582 $350,000

-1.59% 9.90% -3.18%

$309,000 $377,446 $325,500

-4.19% 2.01% -5.65%

NORTH BRANFORD 1 Family Condo All Sales

1 1 0 1 8

9 0 9

NORTH HAVEN 1 Family Condo All Sales

1 2 3 1 9

26 2 37

1 1 0 1 2

12 0 15

8 4 1 5

9 12.50% 0 -100.00% 14 -6.67%

112 29 185

125 21 184

11.61% -27.59% -0.54%

10 3 17

233.33% N/A 466.67%

84 24 130

95 37 163

17 6 26

41.67% 20.00% 36.84%

163 33 232

14 31 46

-48.15% 40.91% -13.21%

32 9 46

3.23% 12.50% 4.55%

$258,750 $261,000 0.87% $392,716 -100.00% $290,000 $280,000 -3.45%

ORANGE 1 Family Condo All Sales

9.09% N/A 25.00%

$390,000 N/A $395,500

$365,339 N/A $412,000

$287,500 $389,469 $290,000

$272,500 -5.22% N/A -100.00% $273,750 -5.60%

13.10% 54.17% 25.38%

$278,500 N/A $278,500

$245,000 $270,000 $295,000

170 41 251

4.29% 24.24% 8.19%

$209,875 $90,000 $126,100

$260,000 $94,000 $250,250

23.88% 4.44% 98.45%

$215,000 $98,000 $190,409

$215,650 $110,000 $198,500

0.30% 12.24% 4.25%

205 243 483

195 290 518

-4.88% 19.34% 7.25%

$300,000 $143,000 $245,000

$321,500 $139,000 $199,500

7.17% -2.80% -18.57%

$335,000 $129,000 $195,000

$331,000 $138,500 $210,000

-1.19% 7.36% 7.69%

393 126 602

394 129 596

0.25% 2.38% -1.00%

$236,122 $118,250 $231,000

$270,000 $155,000 $231,250

14.35% 31.08% 0.11%

$240,000 $176,298 $235,000

$250,000 4.17% $154,500 -12.36% $235,000 0.00%

18.97% 644 -9.09% 163 18.81% 1,137

720 178 1,259

11.80% 9.20% 10.73%

$81,000 $57,000 $90,000

$105,000 $48,000 $101,500

29.63% -15.79% 12.78%

$100,000 $55,000 $89,000

$105,000 $61,500 $95,000

5.00% 11.82% 6.74%

$177,000 $80,000 $176,000

$153,000 -13.56% $167,606 109.51% $175,000 -0.57%

$163,000 $100,000 $159,500

$167,445 $109,000 $165,000

2.73% 9.00% 3.45% -9.87% 1.16% -5.33%

OXFORD 1 Family Condo All Sales

$322,500 $370,000 $345,000

PROSPECT 1 Family Condo All Sales

3 0 3

-12.03% $263,750 N/A $361,928 5.92% $275,403

$280,000 6.16% $305,000 -15.73% $295,000 7.12%

SEYMOUR 1 Family Condo All Sales

1 2 5 1 9

SOUTHBURY 1 Family Condo All Sales

2 7 2 2 5 3

WALLINGFORD 1 Family Condo All Sales

3 1 8 4 4

WATERBURY 1 Family Condo All Sales

5 8 1 1 1 01

69 10 120

WEST HAVEN 1 Family Condo All Sales

4 5 7 6 4

43 10 69

-4.44% 42.86% 7.81%

402 90 619

432 103 689

7.46% 14.44% 11.31%

18 1 21

38.46% 0.00% 16.67%

148 12 193

162 9 195

9.46% -25.00% 1.04%

$210,000 N/A $216,000

$170,250 -18.93% $211,913 N/A N/A $173,000 $200,000 -7.41% $202,800

$191,000 $175,000 $192,000

0.00% N/A 12.50%

122 0 131

98 1 111

-19.67% N/A -15.27%

$348,500 N/A $348,500

$349,000 N/A $333,000

$385,000 3.22% N/A N/A $385,000 6.35%

-5.85% 6,642 24.29% 1,830 2.83% 10,618

6,925 2,079 11,331

$212,000 $129,550 $188,000

$215,000 $137,625 $193,250

WOLCOTT 1 Family Condo All Sales

1 3 1 1 8

WOODBRIDGE 1 Family Condo All Sales

8 0 8

8 0 9

0.14% $373,000 N/A N/A -4.45% $362,000

NEW HAVEN COUNTY 1 Family Condo All Sales

6 15 1 40 9 53

579 174 980

4.26% 13.61% 6.72%

1.42% 6.23% 2.79%

$215,550 $132,926 $190,000

$219,900 $140,000 $195,000

2.02% 5.32% 2.63%

JANUARY 2018 | THE COMMERCIAL RECORD | 29

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

NOV. 2016

27 0 32

13 0 21

-51.85% N/A -34.38%

$242,000 N/A $242,000

NOV. %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%

30 | THE COMMERCIAL RECORD JANUARY 2018

-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

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NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

OLD LYME 1 Family

Condo

1 Family

Condo

1 2

1 Family

Condo

1 Family

Condo

All Sales

42.86%

123

95.24%

-25.00%

128.57%

155

78.16%

$343,000

$279,500

-18.51%

-25.00%

0.00%

$237,000

$278,750

17.62%

-50.00%

-41.67%

-2.82%

150.00%

34.38%

N/A

-50.00%

N/A

100.00%

30.00%

100.00%

0.00%

66.67%

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

$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

$224,500

$230,900

2.85%

N/A $190,000

$197,000

3.68%

SPRAGUE

All Sales

N/A

N/A N/A

$269,450 N/A

N/A

N/A 1.04%

STONINGTON 1 Family

1 3

84.62%

139

187

34.53%

$365,000

-4.32%

$319,000

$325,000

1.88%

Condo

-50.00%

66.67%

$424,500 -100.00%

$290,000

$343,000

18.28%

2 4

50.00%

230

281

22.17%

$292,000

5.82%

$282,250

$300,000

6.29%

-50.00%

-30.77%

$218,800

N/A -100.00%

$179,000

$147,000 -17.88%

-25.00%

-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

Condo

All Sales

N/A

WATERFORD 1 Family

2 2

27.27%

258

267

3.49%

$216,450

Condo

-50.00%

5.56%

$157,500

3 5

-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

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.

JANUARY 2018 | THE COMMERCIAL RECORD | 31

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANDOVER 1 Family Condo All Sales

4 0 4

2 0 4

-50.00% N/A 0.00%

39 0 47

31 0 43

-20.51% N/A -8.51%

$280,000 N/A $280,000

N/A -100.00% $249,000 N/A N/A N/A $139,250 -50.27% $230,000

$230,000 -7.63% N/A N/A $217,000 -5.65%

4 0 6

7 0 8

75.00% N/A 33.33%

53 0 65

57 0 69

7.55% N/A 6.15%

$147,450 N/A $147,450

$318,000 115.67% $245,000 N/A N/A N/A $318,950 116.31% $245,000

$255,000 4.08% N/A N/A $258,888 5.67%

8 0 9

14.29% N/A 28.57%

69 1 78

74 2 87

7.25% 100.00% 11.54%

$257,700 N/A $257,700

$189,950 -26.29% $212,500 N/A N/A N/A $179,900 -30.19% $213,750

$219,811 3.44% N/A N/A $219,000 2.46%

15 -11.76% 0 -100.00% 20 0.00%

140 11 184

179 10 241

27.86% -9.09% 30.98%

$195,000 N/A $173,000

$212,000 8.72% $200,000 N/A N/A $121,900 $233,000 34.68% $200,000

$190,000 $124,975 $182,000

-5.00% 2.52% -9.00%

6 2 9

13 1 17

116.67% -50.00% 88.89%

104 27 173

134 42 224

28.85% 55.56% 29.48%

$262,500 N/A $161,550

$230,000 -12.38% $234,500 N/A N/A $119,000 $230,000 42.37% $227,500

$264,000 $116,500 $245,500

12.58% -2.10% 7.91%

1 7 1 2 0

16 -5.88% 0 -100.00% 16 -20.00%

139 6 157

138 11 158

-0.72% 83.33% 0.64%

$262,500 N/A $265,000

$300,000 14.29% $252,000 N/A N/A $250,000 $300,000 13.21% $245,000

$260,000 3.17% $142,000 -43.20% $256,500 4.69%

4 3 1 4

11 3 17

118 56 210

128 40 205

8.47% -28.57% -2.38%

$202,000 $300,000 $144,500

$256,000 $210,000 $220,800

$221,000 $249,000 $223,500

$223,000 0.90% $202,500 -18.67% $218,000 -2.46%

9 0 1 1

10 1 13

11.11% N/A 18.18%

96 6 120

100 5 125

4.17% -16.67% 4.17%

$292,900 N/A $275,000

$258,750 -11.66% $270,000 N/A N/A $361,450 $255,900 -6.95% $265,000

$265,000 -1.85% $153,000 -57.67% $260,000 -1.89%

7 0 1 0

13 2 20

85.71% N/A 100.00%

99 10 165

108 13 169

9.09% 30.00% 2.42%

$245,000 N/A $217,450

$155,000 -36.73% $210,000 N/A N/A $113,500 $122,500 -43.67% $169,900

$162,450 -22.64% $65,203 -42.55% $139,900 -17.66%

1 2 1 1 4

16 33.33% 0 -100.00% 20 42.86%

161 12 193

182 4 222

13.04% -66.67% 15.03%

$283,750 N/A $283,750

$220,000 -22.47% $238,000 N/A N/A $110,950 $229,950 -18.96% $235,000

$246,500 $139,000 $243,338

4 0 5

10 0 16

150.00% N/A 220.00%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

7 0 7

COVENTRY 1 Family Condo All Sales

1 7 2 2 0

ELLINGTON 1 Family Condo All Sales

HEBRON 1 Family Condo All Sales

MANSFIELD 1 Family Condo All Sales

175.00% 0.00% 21.43%

26.73% -30.00% 52.80%

SOMERS 1 Family Condo All Sales

STAFFORD 1 Family Condo All Sales

TOLLAND 1 Family Condo All Sales

3.57% 25.28% 3.55%

UNION 1 Family Condo All Sales

0 0 0

N/A N/A N/A

2 6 5 3 5

20 4 34

-23.08% -20.00% -2.86%

240 70 384

244 79 418

1.67% 12.86% 8.85%

3 1 4

200.00% 0.00% 33.33%

33 1 44

41 3 51

24.24% 200.00% 15.91%

17.54% 1,295 -20.00% 200 18.95% 1,825

1,426 209 2,028

10.12% 4.50% 11.12%

N/A N/A N/A

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

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

VERNON 1 Family Condo All Sales

$165,500 $167,000 $164,000

$169,500 $160,000 $163,950

2.42% -4.19% -0.03%

$177,500 $116,750 $164,500

$179,950 $112,000 $165,000

1.38% -4.07% 0.30%

N/A N/A $176,000

$206,000 N/A $223,000 N/A N/A N/A $141,000 -19.89% $202,500

$200,000 -10.31% $52,000 N/A $187,000 -7.65%

$227,000 $167,000 $197,450

$222,500 $122,000 $213,500

$219,300 -0.32% $121,000 -19.84% $200,000 -4.31%

WILLINGTON 1 Family Condo All Sales

1 1 3

TOLLAND COUNTY 1 Family Condo All Sales

1 14 1 5 1 53

134 12 182

32 | THE COMMERCIAL RECORD JANUARY 2018

-1.98% -26.95% 8.13%

$220,000 $150,950 $209,000

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

NOV. 2016

NOV. %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ASHFORD 1 Family Condo All Sales

5 0 7

7 0 9

40.00% N/A 28.57%

38 0 54

38 3 58

111 6 155

108 0 142

0.00% N/A 7.41%

$166,900 N/A $166,900

$154,000 N/A $154,000

-7.73% $177,500 N/A N/A -7.73% $168,450

$195,000 $58,000 $190,000

9.86% N/A 12.79%

BROOKLYN 1 Family Condo All Sales

1 2 1 1 4

7 -41.67% 0 -100.00% 10 -28.57%

-2.70% $211,500 $240,000 -100.00% -8.39% $219,000 $219,950

13.48% $205,000 $209,950 2.41% N/A $229,000 -100.00% 0.43% $194,000 $201,450 3.84%

CANTERBURY 1 Family Condo All Sales

7 0 9

6 0 7

-14.29% N/A -22.22%

52 0 80

58 0 83

11.54% N/A 3.75%

$192,900 N/A $198,000

$198,000 N/A $196,000

2.64% $202,500 N/A N/A -1.01% $191,400

$195,500 -3.46% N/A N/A $188,500 -1.52%

2 0 2

5 0 5

150.00% N/A 150.00%

25 0 33

28 0 37

12.00% N/A 12.12%

N/A N/A N/A

$160,600 N/A $160,600

N/A $180,000 N/A N/A N/A $169,900

$152,500 -15.28% N/A N/A $160,600 -5.47%

2 0 4

0.00% N/A 33.33%

18 1 30

16 0 29

N/A N/A $230,000 N/A N/A N/A $199,900 -23.47% $202,450

$229,500 -0.22% N/A N/A $195,000 -3.68%

4 0 4

300.00% N/A 100.00%

16 0 38

20 0 32

$225,000 N/A $225,000

$193,500 2.44% N/A N/A $186,500 40.75%

13 2 24

44.44% N/A 100.00%

154 13 233

175 24 279

5 2 1 2

18 2 21

260.00% 0.00% 75.00%

107 4 154

152 10 211

2 0 5

4 0 8

40 0 65

40 0 63

1 6 2 2 3

6 7 20

92 30 163

94 39 190

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

2 0 3

-11.11% -100.00% -3.33%

N/A N/A $261,200

HAMPTON 1 Family Condo All Sales

1 0 2

25.00% N/A -15.79%

N/A N/A N/A

N/A $188,900 N/A N/A N/A $132,500

KILLINGLY 1 Family Condo All Sales

9 0 1 2

13.64% $155,000 $179,500 84.62% 19.74% $157,500 $179,900

15.81% $152,000 N/A $139,900 14.22% $149,000

$166,000 $135,000 $165,500

9.21% -3.50% 11.07%

$134,000 N/A $80,475

$122,500 -8.58% $135,000 N/A N/A $63,925 $121,000 50.36% $135,000

$149,950 $81,250 $144,900

11.07% 27.10% 7.33%

N/A N/A $133,000

$297,500 N/A $249,000 N/A N/A N/A $297,500 123.68% $235,000

$247,000 -0.80% N/A N/A $246,000 4.68%

$89,410 $207,500 $141,000

$155,500 $193,000 $153,250

PLAINFIELD 1 Family Condo All Sales

42.06% 150.00% 37.01%

POMFRET 1 Family Condo All Sales

100.00% N/A 60.00%

0.00% N/A -3.08%

PUTNAM 1 Family Condo All Sales

-62.50% 250.00% -13.04%

2.17% $155,750 30.00% 16.56% $154,500

-42.59% $149,700 N/A $177,500 -8.74% $145,000

3.87% 8.73% 5.69%

SCOTLAND 1 Family Condo All Sales

2 0 2

1 0 1

-50.00% N/A -50.00%

23 0 25

24 0 32

4.35% N/A 28.00%

N/A N/A N/A

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

$172,500 -1.43% N/A N/A $160,000 -8.57%

1 0 3

-80.00% N/A -62.50%

51 3 70

50 2 65

-1.96% -33.33% -7.14%

$289,000 N/A $244,500

N/A -100.00% $188,500 N/A N/A $165,000 $149,900 -38.69% $173,500

$197,750 4.91% N/A - 100.00% $175,000 0.86%

STERLING 1 Family Condo All Sales

5 0 8

THOMPSON 1 Family Condo All Sales

1 4 1 1 7

7 -50.00% 0 -100.00% 11 -35.29%

144 5 180

118 4 164

-18.06% -20.00% -8.89%

$192,450 N/A $155,000

$190,000 -1.27% $192,750 N/A N/A $135,000 $190,000 22.58% $185,000

$192,000 $148,050 $182,000

-0.39% 9.67% -1.62%

9 1 1 3

18 1 26

146 5 195

150 10 231

2.74% 100.00% 18.46%

$140,000 N/A $140,000

$142,000 N/A $140,000

$140,000 3.70% $107,250 -10.63% $138,000 6.15%

100 13 166

115 13 171

15.00% 0.00% 3.01%

$204,500 N/A $199,900

$269,950 32.00% $237,000 N/A N/A $120,000 $205,000 2.55% $215,000

$270,000 $139,750 $231,000

13.92% 16.46% 7.44%

7.92% 1,117 100.00% 80 19.72% 1,641

1,186 105 1,787

6.18% 31.25% 8.90%

$169,000 $149,000 $164,350

$160,600 $139,000 $151,250

$177,000 $144,900 $168,000

4.12% 3.50% 5.00%

WINDHAM 1 Family Condo All Sales

100.00% 0.00% 100.00%

1.43% $135,000 N/A $120,000 0.00% $130,000

WOODSTOCK 1 Family Condo All Sales

1 0 0 1 3

10 2 17

0.00% N/A 30.77%

WINDHAM COUNTY 1 Family Condo All Sales

1 01 7 1 42

109 14 170

-4.97% -6.71% -7.97%

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

JANUARY 2018 | THE COMMERCIAL RECORD | 33

FAIRFIELD COUNTY GOSSIP REPORT

Darien

Address: 106 Pear Tree Point Road, Darien Price: $6,875,000 Size: 6,100 square feet on 0.69 acres Buyer: 106 Pear Tree LLC Seller: Linda Malpass and Warrington Malpass Agent: Linda Malpass, William Pitt Sothebyâ&#x20AC;&#x2122;s

Fairfield

Address: 780 Harbor Road, Fairfield Price: $4,725,000 Size: 6,800 square feet on 1.95 acres Buyer: Danielle C. Segal and Jonathan Segal Seller: Laura Balkan and Richard S. Balkan Sold: 11/17/17

Address: 43 Burning Tree Road, Greenwich Price: $4,700,000 Size: 8,191 square feet on 2.24 acres Buyer: Donna Durvasula and Venkatesh Durvasula Seller: 43 Burning Tree LLC Agent: Houlihan Lawrence Sold: 11/20/17

Realty

Sold: 11/7/17

Stamford

Address: 144 Davenport Drive, Stamford Price: $4,160,000 Size: 8,157 square feet on 0.51 acres Buyer: Nella Domenici and Patrick McDonough Seller: Nancy Friedman Agent: Jordan Dolger, Higgins Group Real Estate Sold: 12/1/17

Greenwich

3 5

Address: 40 Patterson Ave., Greenwich Price: $3,400,000 Size: 5,208 square feet on 0.58 acres Buyer: Greenwich Academy Seller: Anne Beatty Sold: 12/1/17

2 1

The home in this month's fourth spot is a former Vanderbilt summer estate with views of Long Island Sound, Grass Island, the Stamford lighthouse and the North Shore of Long Island. It has a guest cottage, a swimming pool, cabana and a private beach with a dock and deep-water moor. Inside, there are six bedrooms, five bathrooms and two half-baths.

34 | THE COMMERCIAL RECORD JANUARY 2018

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MAY 8, 2018

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