The Commerical Record June 2017

JUNE 2017

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REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

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POLITICS & POLICY ISSUE

New Look For An Old Arena: Propsal Made To Reboot XL Center Political Will For GSE Reform Begins To Wane New Tech In Town: ITMs Poised To Go Mainstream

JUNE 2017 | THE COMMERCIAL RECORD | 1

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2 | THE COMMERCIAL RECORD | JUNE 2017

inside The Commercial Record’s Politics & Policy Issue This issue of The Commercial Record checks in on proposed changes to regulations, laws, landscapes and established business archetypes.

4

Reverse The Curse A new proposal aims to reboot Hartford’s struggling XL Center.

8

4

Regulatory Reform Congress may be squandering the rare bipartisan support it has for removing the GSEs from conservatorship.

12 Ease Of Access ATMs get ready for an upgrade with the introduction of the interactive teller machine.

12 6

state statistics

10 news roundup 11 c-changes 14 top commercial transactions 16 trendlines

8

30 gossip report

JUNE 2017 | THE COMMERCIAL RECORD | 3

Reverse The Curse

CAN THE XL CENTER BOUNCE BACK?

Private Investment Sought For Troubled Arena

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

T

he XL Center’s decline in recent decades has mirrored downtown Hartford’s struggles to attract visitors and marquee attractions befitting a capital city.

Once it was home to the NHL’s Hartford Whalers and a thriving indoor shopping mall. The complex originally known as the Hartford Civic Center enjoyed a brief heyday that came to a crashing halt in January 1978 when the snow-laden roof collapsed hours after a

University of Connecticut men’s basketball game. The mishap shuttered the city-owned facility for two years while renovations took place, but setbacks have plagued the center ever since.

Now, economic development officials say a $250 million repositioning pro-

4 | THE COMMERCIAL RECORD | JUNE 2017

gram is needed to put the 16,000-seat arena back in the black. The Capital Region Development Authority (CRDA), which operates the XL Center, says the investment would turn a $2 million annual deficit into a $2 million surplus by attracting more tenants and revenues.

“We’re out of patches,” said Michael Freimuth, executive director of the CRDA. “We have a 40-year-old building that’s fatigued and inefficient. We’ve got to change the revenue model, change the food and beverage service, change

the seating and the sponsorships.”

With the state of Connecticut facing another budget crisis and public funding a major question mark, the latest wrinkle includes a pitch to private investors willing to back a portion of the redevelopment costs. That’s a model that has helped pay for sports arenas in other states, although in Connecticut it would require new legislation enabling such a public-private partnership, Freimuth said. The state’s contribution hinges on continuing legislative budget deliberations.

Absorbing A Series Of Setbacks The infamous roof collapse was the first in a series of blows that have consigned the XL Center to minor-league status.

UConn opened its on-campus Gampel Pavilion basketball arena in 1990, just as its men’s program attained national prominence, and has split its home schedule between Storrs and the XL Center ever since. The Whalers departed for North Carolina in 1997.

The opening of concert venues at Mohegan Sun and Foxwoods Resort Casino in the 1990s siphoned off much of the big-name concert business.

The city in 1999 selected Newton, Massachusetts-based developer Northland Investment Corp. to demolish the shopping mall that wrapped around the arena and build a $150 million mixeduse development including 400 luxury apartments in two 15-story towers and 200,000 square feet of retail space. A scaled-back version of that project was completed in 2006. Northland and partner AEG also managed the arena, renamed the XL Center in a 2007 naming rights deal with XL Insurance, from 2007 to 2010.

Along with outside competition, observers say the arena’s 1970s-era design fails to maximize revenues from con-

cessions, premium seating and luxury box revenues. Premium seating in the arena’s lower bowl would replace the original skyboxes, which have seen little demand due to their distant location, Freimuth said. The project would include updates to building systems and additional food and beverage venues.

construction of MGM Springfield will intensify competition. Even with the redesign, prospects for attracting an NHL franchise are murky, the report stated.

Instead it suggested that the XL Center’s future can be maximized by expanding the role of UConn men’s and women’s basketball and its up-and-com-

With the state of Connecticut facing another budget crisis and public funding a major question mark, the latest wrinkle includes a pitch to private investors willing to back a portion of the redevelopment costs.

The proposal for repositioning the center builds upon the findings of a 2015 study by SCI Architects of New York and Stafford Sports LLC, a New Jersey-based consulting firm. The firms presented options ranging from complete demolition and rebuilding of an expanded complex at a $500 million price tag to renovating and redesigning the arena for $250 million.

In addition to lower costs, the second option has the benefit of avoiding a multiyear closure of the property and the accompanying loss of revenues, Freimuth said. The project, estimated to take between 26 and 32 months, would still require the arena to be closed for part of the year after basketball and hockey seasons.

Consultants were frank in their assessment of the complex’s future potential and drawbacks. Casinos can outbid venues like the XL Center for top entertainment acts because they use concerts as a loss leader to attract gamblers, and the

ing hockey program.

“UConn is playing in arguably the best hockey conference in the country (Hockey East). They’ve been doing well and there’s no reason to think that won’t continue,” said Carl Hirsh, managing partner with Stafford Sports. “It’s not like there’s money for them to build something on campus, and they want to be in Hartford.”

The CRDA put out the word in early May that it’s willing to talk to private partners about investing in the redevelopment. Assuming state laws are changed to allow private developers to have an ownership stake in a public property, the arrangement could grant investors a portion of future revenues, Freimuth said.

“They would get some entitlement to either the physical property or the revenue streams off of it, and therein lies the art of the deal,” he said. n Email: sadams@thewarrengroup.com

JUNE 2017 | THE COMMERCIAL RECORD | 5

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

Top 5 Credit Unions Market Share: All Mortgages

700

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

17.17%

NUMBER OF SALES

560

22.79%

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

280

13.92%

140

14.50%

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

0

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

8.94%

Condo Sales By Price Range 8.11%

2,600 $700K+

2,340

$500k-$699k

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

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

2,080

NUMBER OF SALES

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

1,820 1,560

6.22%

6.79%

1,300

Navy FCU | 2017 Rank: 5 | 2016 Rank: 6 1,040

5.86%

780 520

5.07%

260 0

1992

1997

2002

2007

2012

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

6 | THE COMMERCIAL RECORD || JUNE JUNE2017 2017

2017

2017

2016

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

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 4,000

Norcom Mortgage | 2017 Rank: 1 | 2016 Rank: 3

2.55%

2.71%

First World Mortgage | 2017 Rank: 2 | 2016 Rank:5

2.55%

NUMBER OF SALES

3,200

2,400

1,600

800

2.58% 0

LoanDepot.Com | 2017 Rank: 3 | 2016 Rank: 7

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

2.54%

Multifamily Home Sales 2.34%

900

2-Family

3-Family

William Raveis Mtg Co | 2017 Rank: 4 | 2016 Rank: 2

720

2.74% Quicken Loan Inc | 2017 Rank: 5 | 2016 Rank: 9

NUMBER OF SALES

2.51%

540

360

2.47%

180 2.23%

2017

2016

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

0

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

JUNE 2017 | THE COMMERCIAL RECORD | 7

Regulatory Reform

TIME IS RIPE FOR GSE REFORM After 9 Years, Path Out Of Conservatorship Still Unclear

BY JIM MORRISON | COMMERCIAL RECORD STAFF

F

ederal Housing Finance Administration (FHFA) Director Melvin L. Watts told the U.S. Senate Committee on Banking, Housing and Urban Affairs last month that “Congress urgently needs to act on housing finance reform” and bring Fannie Mae and Freddie Mac out of conservatorship after almost nine years.

Connecticut Mortgage Bankers Association President Kevin Moran said his organization supports the positions of the MBA. “There’s going to be change no matter what,” Stevens said. “We’re stuck with this problem. It’s technical and complicated and needs to be done. They can’t stay in conservatorship forever.”

Conservatorship is temporary by its very nature. There is universal agreement that it can’t go on forever, but there is widespread disagreement about what the governmentsponsored entities (GSEs) should look like after coming out of conservatorship – and how to get there.

“Only a legislative solution can provide political legitimacy and long term market certainty for the housing finance system,” according to a recent Mortgage Bankers Association (MBA) white paper on GSE

Taxpayers Need Protection

reform. MBA President and CEO Dave Stevens said now is the time for Congress to tackle the changes that will maintain liquidity, but protect taxpayers and homebuyers.

“The last recession destroyed many communities throughout the country,” he said. “The GSEs played a large role in that.

They fueled a lot of the capital that allowed all varieties of lenders to make risky loans and then received the single-largest bailout in the history of this nation. They are not innocent.”

8 | THE COMMERCIAL RECORD | JUNE 2017

Professor David Reiss at Brooklyn Law School said that future delays are not out of the question.

“Change is coming, but the Treasury and FHFA can amend the PSPA [agreement] again,” Reiss said. “It’s been amended three times already. There’s a little bit of political theatre going on here. It’s incredibly important for the economy. You really hope that the broad middle of the government can come to a compromise.

“

We’ve learned a lot of really valuable lessons from the recession. Our plan for GSE reform is to protect liquidity, insulate taxpayers, preserve the duty to serve underserved communities and protect the 30-year mortgage. Those aren’t partisan issues.”

— Dave Stevens, president and CEO, Mortgage Bankers Association

If there isn’t the political will to move forward, the can simply kick the can down the road.”

Reiss said the fact that Fannie Mae and Freddie Mac are both going to run out of money by January 2018 is a factor in why reform is needed soon, but the GSEs aren’t in danger of imminent collapse.

“They are literally going to run out of money,” Reiss said. “But keep in mind they will continue to have a $2.5 billion line of credit. It’s partially political. They’re trying to get the public conscious of this. I don’t think anyone in the broad middle of the political establishment thinks it’s good that they’ve been in limbo for nine years.”

The MBA’s proposal to reform Fannie Mae and Freddie Mac aims to ensure that crashes like the one in 2007-2008 never happen again, in part by raising the minimum capital balance GSEs have to maintain to a level at least as high as banks and other lenders.

“They have a capital standard that is absurd,” Stevens said. “Pre-conservatorship they had to have less than 0.5 percent capital. Banks are required to maintain 4 percent of their loan value against mortgages.

That’s a regulated standard. Fannie and Freddie are not as diversified as banks are.

Our view is to make sure they are sustainable; they should at least a 4 to 5 percent buffer to protect them against failure.”

To put that into context, a 3.5 percent buffer would have been just large enough for the GSEs to weather the last housing crash without the need for a taxpayerfunded bailout. Stevens said the MBA would go even further.

“They should also pay a fee for every loan that goes into an insurance fund in the event all else fails,” he said. “In the event of a catastrophic failure, that would be the last barrier before having to rely on taxpayers. Keep in mind: for years, shareholders made billions and when they failed taxpayers took 100 percent of the losses.”

Stevens said the MBA would like to see more competition in the secondary market, and that the current duopoly isn’t much better than a monopoly.

“There should be more competitors,” he said. “If either one [Fannie or Freddie] fails, you almost have to bail them out. Our goal is to have a highly regulated industry to support the American finance system without using the portfolio to make bets on the marketplace.”

A Bipartisan Issue While some conservatives like Chairman of the House Financial Services Committee Rep. Jeb Hensarling (RTexas) have called for getting the government out of the mortgage business altogether, Stevens said that would likely mean the end of the 30-year, fixed-rate mortgage.

Furthermore, GSEs are required to serve underserved communities. Private companies would be more likely to back the most profitable loans.

“The GSEs play a really important role in counter-cyclical markets,” Stevens said.

“When credit conditions shift, private money disappears. We saw that in 2007.

It put extraordinary demands on Fannie

Mae, Freddie Mac and Ginnie Mae. You need a continuous flow of capital. You can put controls in place so it can expand and contract when needed.”

Reiss said getting the government out of the mortgage business would certainly mean some big changes.

“I think there is some evidence that some 30-year, fixed-rate mortgages could still exist,” Reiss said. “It would dramatically change their availability, though. Interest rates would go up somewhere between one-half and 1 percent. Some people might like that because it reflects the actual risk of a residential mortgage, but it would also make housing more expensive.”

Eliminating the GSEs would also disproportionately affect first-time homebuyers, a vital cohort in the overall housing picture.

“It would result in what we see in western Europe,” Stevens said. “In England, there was such a shortage of capital for first-time homebuyers that the government had to step in. They help keep our economy sustained in off economic cycles. We need a commitment toward sustainable affordable housing where it makes sense. Private entities don’t do that.”

Despite President Donald Trump’s highly publicized vows to roll back financial regulations, a famously gridlocked Congress and the fact that the popular 2014 Johnson-Crapo Bill never even made it to the Senate floor, Stevens is optimistic that GSE reform could soon become law.

“We think ours is a pretty simple model,” he said. “We’ve been talking about this with the Trump Administration and with Congress. It’s interesting, members on both sides of the aisle think this is less politically charged than most proposals.

This is one they could actually work on.

It should have been resolved during the Obama Administration.”

“We’ve learned a lot of really valuable lessons from the recession,” he said. “Our plan for GSE reform is to protect liquidity, insulate taxpayers, preserve the duty to serve underserved communities and protect the 30-year mortgage. Those aren’t partisan issues.” n Email: jmorrison@thewarrengroup.com

JUNE 2017 | THE COMMERCIAL RECORD | 9

NEWS ROUNDUP BERKSHIRE HILLS TO MOVE CORPORATE HQ TO BOSTON, ACQUIRE COMMERCE BANK

REALTORS GATHER AT CAPITOL TO LOBBY FOR GROWTH

Berkshire Hills Bancorp, parent of Berkshire Bank, last month announced plans to relocate its corporate headquarters to Boston later this year to support the bank’s continued growth in the Northeast. The bank declined to state where exactly the new headquarters will be located in the city; that announcement is expected in the third quarter of this year.

The company also announced it will acquire Commerce Bancshares Corp. and its subsidiary, Worcester-based Commerce Bank, a $2.2. billion institution with 16 branches in Worcester and Boston. The combined institution will be the largest regional bank in Massachusetts and first regional bank headquartered in Boston in decades, the bank said in a statement.

The proposed acquisition will provide significant scale in Eastern Massachusetts, according to the bank’s statement. The combined franchise will operate its corporate headquarters, four branches and three lending offices in Greater Boston, and an additional 15 branches in and around Worcester, with $3 billion in loans and $2 billion in deposits. On completion of the deal, Berkshire Bank will have 113 branches serving customers across the Northeast.

Berkshire’s operational center will remain in downtown Pittsfield and the relocation will not have any impact on its employees, the bank said in a statement.

SIMSBURY BANK PARTNERS WITH UCONN IN FAMILY BUSINESS INITIATIVE Simsbury Bank announced a $50,000 grant and threeyear partnership to support the University of Connecticut’s School of Business Family Business Program, an initiative dedicated to providing research, professional advice, education and peer networks for family-owned and entrepreneurial business entities.

Launched in 1995, the Family Business Program is designed to provide family businesses and entrepreneurs with strategies and policies to help perpetuate their operations through effective organizational structures and sustainable generational transition planning.

Simsbury Bank’s affiliation will allow the bank to share proprietary UConn research concerning family and entrepreneurial businesses at two events annually during the three-year relationship. It also intends to provide for additional opportunities to share topics and presentations focused on family business and entrepreneurial topics for the bank’s customers, prospects, and family business advisors.

Nearly 2,000 Realtors from across Connecticut attended a rally in Hartford last month designed to send a message to legislators. Calling for lower taxes and a business-friendly environment, they want “a Connecticut to sell” – and say they’ll only be supporting like-minded candidates in future elections.

Issues raised by the CT Realtor association at its rally included growing Connecticut businesses, building the economy, keeping young people and retirees in the state and employment.

CT Realtor President Michael Barbaro said CTR has usually kept a low profile state politics, but those days are over.

Legislators who don’t support business growth and lower taxes be warned: Barbaro and his nearly 17,000 members will only be supporting candidates who do.

“We’ve been passive-aggressive in the political realm,” Barbaro said in a statement. “At the state level it’s time for a change. We’ve sat on the sidelines for way too long. We’re very ready. We need to grow our way out of this economy.”

Barbaro said this year’s gathering was very different fromprevious rallies. Historically Realtors gathered outside the Capitol to lobby state legislators on particular bills. This year, they gathered to align allies and mobilize their base, telling legislators that the state needs to cut spending and support growth to turn its struggling economy around.

“Connecticut is losing young people because there are no jobs here and they can’t afford to buy a house,” Barbaro said in a statement. “Snowbirds can’t afford to die here because of our estate taxes and they can’t afford to maintain a home that’s empty six months of the year because of our real estate taxes.

If we don’t grow this state there’s only one way out: bankruptcy.

And that’s not good for anyone.”

THE MOST VIEWED ARTICLES IN MAY Glastonbury Construction Employee Pleads Guilty To Kickback Scheme Woman Sentenced To Prison For Stealing Over $700K BHHS Promotes Redican, Announces Top Performers Former Easton Resident Sentenced To 9 Years In Prison For Mortgage Scheme • Chelsea Groton Bank Promotes Four • • • •

10 | THE COMMERCIAL RECORD | JUNE 2017

• • • • •

Educating First-Time Homebuyers Real Estate’s Renaissance Man State Fines Total Mortgage $350K In Settlement Former RE Agent Charged With 18 Counts Of Larceny Wooster Square Apartment Portfolio Fetches $920K

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES

Webster Financial Corp., parent of Webster Bank, announced that Executive Vice Chairman Joseph J. Savage will retire June 30, following a distinguished 40-year career in banking, culminating in 15 years at Webster. Prior to joining Webster, Savage was executive vice president of the communications and energy banking group for CoBank in Denver from 1996 to 2002. Earlier in his career, he worked at the Bank of New York.

Farmington Bank announced the appointment of Thomas Pizzo as vice president and commercial loan officer. In his new role, Pizzo is responsible for furthering Farmington Bank’s commercial and industrial lending activity in Connecticut. Pizzo operates out of Farmington Bank’s Glastonbury office at 669 Hebron Ave. Pizzo brings over 30 years of commercial banking experience to Farmington Bank. He was previously senior vice president and senior relationship manager at Wells Fargo Bank in Hartford. In addition, Pizzo held relationship management positions in the commercial lending groups at RBS Citizens (formerly State Street Bank) and Fleet Bank.

Full-service real estate advisory firm Pinck & Co. announced that Alan Lisowski has joined the firm as director of business development for Southern New England. Lisowski will develop Pinck & Co.’s portfolio of Connecticut and Western Massachusetts clients, continuing the company’s focus on senior and affordable housing, health care, education and mixed-use development. He brings experience as a consultant in business development and strategic marketing services targeted to engineering, architecture and construction industry firms throughout the Northeast. He was previously director of business development for Skanska USA Building Inc. in Milford, Massachusetts, where he spearheaded business development and marketing efforts for the company’s move into the health care, higher education and K-12 markets.

Berkshire Hathaway HomeServices New England Properties announced Kathryn Redican was promoted to vice president of marketing and business development. Redican will oversee the company’s marketing department, education department and the new development division. Her focus will be on increasing each department’s overall effectiveness and streamlining efforts across teams, while providing critical tools, training and support to Berkshire Hathaway HomeServices sales executives.

She joined the company in 2014 as director of marketing, and spent more than eight years branding and selling luxury residential properties in New York City for Corcoran Sunshine Marketing Group and the LeFrak Organization.

AWARDS & ACCOLADES Berkshire Hathaway HomeServices New England Properties announced its stop sales executives in the Glastonbury office for the month of April. Top honors went to Michelle Collins as the listing agent of the month and selling agent of the month in terms of new sales and to Wendy Lang as selling agent of the month in terms of closings.

The office also recognized the following agents as top producers for the month: Alexis Trzcinski, Annette Pasek, Britt and Irv Miglietta, Bryan Feery, Carol Wanat, Emily Turker, Steven and Enza Dandeneau, Felix Duverger, Jamie Bell, Karen Ferranti, Kathy Urbanetti, Kellee Smith, Kim Sherman, Lisa Hutt, Marielle Bilodeau, Marybeth Barrett, Michelle Collins, Nancy Stetson, Roger Dock, Sandy O’Leary, Stephanie Starr, Tracy Molloy, Wendy Anderson and Wendy Lang.

JUNE 2017 | THE COMMERCIAL RECORD | 11

Ease Of Access

INTERACTIVE TELLER MACHINES POISED TO BREAK INTO THE MAINSTREAM ITMs Offer Flexibility, Convenience For Members And Customers

BY IAN HOUGH | SPECIAL TO THE COMMERCIAL RECORD

A

s the “convenience is king” retail paradigm continues to influence banking, we are seeing the emergence of a new technology and additional delivery channel that could greatly expand the possibilities of the humble ATM. That technology is the interactive teller machine, or ITM, which physically resembles an ATM but comes complete with a video and audio connection to live tellers in an organization’s call center. Most notably, the number of different transaction types the technology is capable of is an order of magnitude greater than that of an ATM. We recently spoke with Bryan Woodward, COO at Finex Credit Union, and a pioneer of the ITM in the New England region. Woodward was instrumental in driving an emergent philosophy at Finex (and earlier at Connex) credit union through the adoption of the remote teller model.

“We began from scratch with the ITMs,” he said. “Design posed some big questions for us initially. From the very beginning, building the right design and shape for the queuing area around the technology tested our creative resources.

These questions haven’t gone away today, because each new branch is differ-

12 | THE COMMERCIAL RECORD | JUNE 2017

ent, and the staging for an ITM has to be thought out in advance to avoid what can be quite serious shortcomings with regard to traffic flow. We improved the model each time we implemented a new ITM, always with the flow of branch traffic in mind.”

ITMs seem almost too good to be true.

Their versatility means that a broad variety of an organization’s products and services can be offered at all locations, with extended hours. In effect, the smallest microbranch could function much like a full-service hub, but in a more convenient location. That said, member and customer reaction to the switch from a traditional teller line to interactive teller machines can be mixed.

“Preparing properly for member reaction to the new technology is as important as designing the queuing area properly,” Woodward said. “Some members will resist the change. They expect

something more traditional, so you have to develop a plan for a ‘hand-holding’ period. Teaching these members how to use the technology is crucial to the success of the ITM.” Migrating members and customers from a traditional teller line onto an ITM saves money and improves staff efficiencies. Fewer employees are able to service multiple branches from a call center. Those employees are now busier

than they would be at a teller line, so productivity is improved while other staff can be trained to perform higher value tasks. Woodward said that the scope of activities conducted at the ITM can be defined and separated from other banking activities, which is a big part of maintaining an orderly queuing area.

“We segment cash transactions at the video teller and any other branch activities are done in a different place in

the branch, which keeps the ITM line flowing,” he said. “The remote tellers can service members in any branch, regardless of where that branch is. They’re much more engaged with members as well as being more efficient in the way that they deal with each call.”

are many. For instance, if a customer needs to withdraw an amount of cash that exceeds the upper limit of a traditional ATM, the remote teller can authorize this amount as if they were physically present at the branch. Another example is seven-day teller access. This happens when a microbranch with ITMs is located in a supermarket. To be available to the supermarket’s customers, the branch has to be open seven days a week. Tellers must therefore be working at the call center to service those using the ITM. This means members/customers at other branches can also be served by tellers on ITMs and perform a variety of transaction types, including on Sundays.

“To be available for the supermarket’s customers, the microbranch needs to be open seven days a week,” Woodward said.

“Those ITMs at all our other branches are therefore open for remote teller access. A video teller in the call center can take calls from all ITMs on the network simultaneously so our customers enjoy

teller access every day of the week.”

ITMs are also agile enough to save banks and credit unions money when expanding their networks. The “branch in a box” solution is highly beneficial tool for testing new markets. A bank or credit union can place the ITM in a convenient location on a short lease. If it proves to be successful they can build a branch in that locale, or continue to maintain the ITM there on a permanent basis. If it isn’t successful they can simply move the ITM to a different location.

There could be a location where the organization doesn’t want a branch but it’s desirable to maintain a presence in that area with very little real estate. All that’s required are power and data and the ITM can deliver a competitive level of service.

Interactive teller machines were inevitable; the financial industry is coming to terms with technology and it is beginning to use it to save time and money.

Basic branch functions such as deposit-

ing or withdrawing cash, transferring money between accounts and depositing checks, are the low hanging fruit for freshly implemented ITM networks.

These time-consuming but low value activities can be performed quickly and easily on ITMs, while higher trained staff can help members and customers become more engaged with the brand and perform value-added tasks.

Fully-automated branches utilizing greater numbers of transaction types already exist, but they’re set to become the norm over the next decade. These tellerless branches currently require less than half the staff of a traditional branch, and these numbers will become even more efficient as user familiarity and ITM proficiency increases. Expect to see the ITM begin to play a central role in many newly designed branches in the near future. n

Branch In A Box Some of the benefits of an ITM may not be immediately obvious, but there

Ian Hough is director of marketing for Solidus, a Connecticut-based branch design-build firm.

He may be reached at ihough@gosolidus.com.

JUNE 2017 | THE COMMERCIAL RECORD | 13

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

TOP 3 STATEWIDE 1230 Stanley St, New Britain................ $21,250,000

200 Phoenix Xing, Bloomfield............... $10,000,290

934 Silver Ln, East Hartford................. $10,000,000

Use:............................................ Apartment Building

Use:....................................... Industrial Vacant Land

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

Buyer: ....................................... Jubilee Equities LLC

Buyer:....................................... Trader Joes East Inc

Buyer: .................................. CP Plaza Holdings LLC

Seller: ............................ Netz Bhnv New Britain LLC

Seller:.................................... River Bend Dev CT LC

Seller:................................................... US Bank NA

Date: ......................................................... 04/11/17

Date: ......................................................... 04/28/17

Mtg: ..............................Sharestates Inv $4,960,000

Total Assessed Value (2016):.................. $9,368,800

Total Assessed Value (2016): .......................$97,790

Date: ......................................................... 05/12/17

Lot Size:.................................................... 886446sf

Lot Size: .................................................. 2434568sf

Total Assessed Value (2016): .....................$478,250 Lot Size:...................................................... 11326sf

Prior Sale:.................................. $4,000,000 (08/06)

Prior Sale: ................................$18,007,600 (09/15)

FAIRFIELD 17 W Main St, Stamford.................. $4,400,000 Use:............................................. Commercial Building Buyer: ....................................... Empire Exchange LLC Seller: ................................... 17 West Main Fritz Props Mtg: ........................ Fairfield County Bank $3,300,000 Date: ............................................................ 05/04/17 Total Assessed Value (2016): ........................$606,430 Lot Size: ......................................................... 10990sf Prior Sale: ........................................$930,000 (10/02)

Lee Mac Ave, Danbury.................... $2,600,000 Use:..................................................Industrial Building Buyer:......................................................... JAR Assoc Seller: ......................................................... CG&J LLC Date:............................................................ 05/02/17 Total Assessed Value (2016): ........................$851,000 Lot Size: ....................................................... 108464sf

226 Main St, Fairfield..................... $1,875,000 Use:............................................. Commercial Building Buyer: ....................................Eagle Hill Southport Schl Seller:.............................................. Derby F Anderson Date:............................................................ 04/17/17 Total Assessed Value (2016):........................ $914,130 Lot Size: ........................................................... 4270sf Prior Sale: ........................................$120,000 (09/94)

200 Phoenix Xing, Bloomfield........$10,000,290 Use:...........................................Industrial Vacant Land Buyer:.......................................... Trader Joes East Inc Seller: .......................................River Bend Dev CT LC Date: ............................................................ 04/28/17 Total Assessed Value (2016): ..........................$97,790 Lot Size: ..................................................... 2434568sf

940 Silver Ln, East Hartford..........$10,000,000 Use:............................................. Commercial Building Buyer: ......................................CP Plaza Holdings LLC Seller: ...................................................... US Bank NA Mtg:................................. Sharestates Inv $4,960,000 Date: ............................................................ 05/12/17 Total Assessed Value (2016): ...................$10,797,500 Lot Size: ..................................................... 1292425sf Prior Sale: ...................................$18,007,600 (09/15)

139 Millerton Rd, Sharon................ $1,700,000 Use:...................................Mixed Use-Agricult & Resid Buyer: ......................... Albert L Wells & Laura R Walker Seller:....................................... Alexandra G Chipurnoi Mtg: ........................JPMorgan Chase Bank $750,000 Date: ............................................................ 04/24/17 Total Assessed Value (2016):..................... $1,334,800 Lot Size:....................................................... 571943sf Prior Sale: .....................................$1,550,000 (01/12)

84 Park Lane Rd, New Milford........ $1,580,000 Use:............................................. Commercial Building Buyer: ....................................Park Lane Road RE LLC Seller: .................................... 84 Park Lane Road LLC Mtg:....................................... Celtic Bank $1,800,000 Date: ............................................................ 04/19/17 Total Assessed Value (2016):........................ $436,380 Lot Size: ......................................................... 85813sf Prior Sale:........................................ $412,500 (01/07)

155 Industrial Park Rd, Middletown. $650,000 Use:............................................. Commercial Building Buyer: ................................ Middletown Comercial LLC Seller:................................... Compass Group USA Inc Date:............................................................ 05/01/17 Total Assessed Value (2016): ........................$827,600 Lot Size: ......................................................... 87120sf Prior Sale: ..........................................$17,600 (07/94)

769 Newfield St, Middletown........... $525,000 Use:............................................. Commercial Building Buyer: ......................................Hartzito Properties LLC Seller:.............................................. 769 Newfield LLC Date:............................................................ 04/19/17 Total Assessed Value (2016): ........................$304,000 Lot Size: ......................................................... 20038sf Prior Sale: ........................................$500,000 (04/02)

HARTFORD 1230 Stanley St, New Britain.........$21,250,000 Use:............................................... Apartment Building Buyer: .......................................... Jubilee Equities LLC Seller: ................................Netz Bhnv New Britain LLC Date: ............................................................ 04/11/17 Total Assessed Value (2016): .....................$9,368,800 Lot Size: ....................................................... 886446sf Prior Sale: .....................................$4,000,000 (08/06)

LITCHFIELD 107 Danbury Rd, New Milford......... $2,800,000 Use:............................................. Commercial Building Buyer:....................................... Danbury Road RE LLC Seller: ..................................... 107 Danbury Road LLC Mtg: ....................................... Celtic Bank $3,200,000 Date: ............................................................ 04/19/17 Total Assessed Value (2016):........................ $620,270 Lot Size:......................................................... 56628sf Prior Sale:..................................... $1,850,000 (08/16)

MIDDLESEX 209 Main St, Deep River.................. $660,000 Use:.............................................................Inn/Resort Buyer:.................................... RWI Of Connecticut LLC Seller: ..............................................Riverwind Inn LLC Mtg:....................... Newtown Savings Bank $330,000 Date: ............................................................ 04/27/17 Total Assessed Value (2016):........................ $454,300 Lot Size: ......................................................... 19602sf Prior Sale:........................................ $675,000 (03/05)

14 | THE COMMERCIAL RECORD | JUNE 2017

FEATURED PROPERTY 209 Main St, Deep River................................................................

$660,000

Use:........................................................................................................ Inn/Resort Buyer:............................................................................... RWI Of Connecticut LLC Seller: .........................................................................................Riverwind Inn LLC Mtg:.................................................................. Newtown Savings Bank $330,000 Date: ........................................................................................................04/27/17 Total Assessed Value (2016):................................................................... $454,300 Lot Size: .................................................................................................... 19602sf Prior Sale:.................................................................................... $675,000 (03/05

NEW HAVEN 199 Benson Rd, Middlebury............ $6,409,000 Use:............................................. Commercial Building Buyer:.................................. Olymbec Preston Park LP Seller: ..................................... Preston Park 2004 LLC Date:............................................................ 04/18/17 Total Assessed Value (2016):................... $14,700,000 Lot Size: ..................................................... 1765487sf Prior Sale:........................................ $240,000 (03/04)

245 Whitney Ave, New Haven......... $2,310,000 Use:............................................... Apartment Building Buyer:.................................... Platos Court On Whitney Seller: ........................................... Peabody Place LLC Date:............................................................ 04/13/17 Total Assessed Value (2016): ........................$843,500 Lot Size: ......................................................... 20160sf Prior Sale:..................................... $1,000,000 (12/04)

99 Orange St, New Haven............... $2,131,500 Use:............................Mixed Use-Prim Comm & Other Buyer:....................................................... BCT-99 LLC Seller: ......................................101 Orange Street LLC Mtg:..................................... Investors SB $1,137,000 Date: ............................................................ 05/10/17 Total Assessed Value (2016):........................ $920,360 Lot Size: ........................................................... 3536sf Prior Sale:..................................... $1,450,000 (12/12)

555 Bank St, New London............... $900,000 Use:............................................. Commercial Building Buyer: .......................................... GAK Properties LLC Seller:...................................... TBD Management LLC Date: ............................................................ 04/06/17 Total Assessed Value (2016):.........................$278,390 Lot Size: ......................................................... 14620sf

684 W Main St, Norwich.................. $550,000 Use:............................................. Commercial Building Buyer: .................................. Franklin Dev Funds 2 LLC Seller: ....................................PJC Norwich Realty LLC Mtg:...................................... Chelsea Groton Bank $1 Date:............................................................ 05/12/17 Total Assessed Value (2016): ........................$164,800 Lot Size: ......................................................... 25265sf Prior Sale: ........................................$700,000 (01/03)

Flanders Rd, Coventry..................... $224,939 Use:............................................ Farm and Forest Use Buyer:......................................... Connecticut State Of Seller: ...............Roland E Reynolds & Gary F Reynolds Date: ............................................................ 04/27/17 Total Assessed Value (2016): ............................$1,800 Lot Size: ..................................................... 1215324sf

Lyman Rd, Bolton............................. $150,000 Use:............................................ Farm and Forest Use Buyer:............................................... Joshua S Sullivan Seller: ....................Rocco Vitaliano & Fusco Guglielmo Mtg: ..........................................Mary Sullivan $75,000 Date:............................................................. 04/19/17 Total Assessed Value (2015): .................................$50 Lot Size: ......................................................... 25700sf

22 Route 171, Woodstock................ $357,000 Use:............................................. Commercial Building Buyer: ................................... Arc Of Quinebaug Vly Inc Seller:..................... Robert A Bardell & Joyce L Bardell Mtg:....................................... Putnam Bank $285,000 Date:............................................................ 04/13/17 Total Assessed Value (2016): ........................$356,600 Lot Size: ....................................................... 261796sf

50-56 Putnam Rd, Plainfield............ $280,000 Use:............................................... Apartment Building Buyer: .............................. Summertime Properties LLC Seller:.................................................. R H Rovaldi Inc Date:............................................................ 05/02/17 Total Assessed Value (2016): ........................$316,220 Lot Size: ....................................................... 474804sf

NEW LONDON 105 Boston Post Rd, Waterford...... $1,300,000 Use:..................................................Commercial Land Buyer: .................................. Victoria Gardens Waterfor Seller: ......................................................... ARJO LLC Mtg: .........................CT Housing Fin Auth $9,290,024 Date:............................................................ 04/24/17 Total Assessed Value (2016):........................ $907,200 Lot Size: ....................................................... 520106sf Prior Sale:..................................... $1,342,608 (10/11)

TOLLAND 71 Hartford Tpke, Tolland................ $355,000 Use:............................................. Commercial Building Buyer: ............................................. Nilkanth Varni LLC Seller: ........... Allen R Lawrence Sr & Mary A Lawrence Mtg:......................................... United Bank $266,250 Date: ............................................................ 04/20/17 Total Assessed Value (2016): ........................$190,200 Lot Size: ......................................................... 30056sf

WINDHAM 1-9 Gorman St, Plainfield................ $6,585,000 Use:............................................... Apartment Building Buyer:................................... Vesta Moosup 2017 LLC Seller: ............................................ Vesta Moosup LLC Mtg: .................................... Key Bank NA $5,597,200 Date:............................................................ 04/28/17 Total Assessed Value (2016): .....................$2,940,000 Lot Size:....................................................... 448232sf Prior Sale: .....................................$2,150,000 (12/03)

JUNE 2017 | THE COMMERCIAL RECORD | 15

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BETHEL 1 Family

7

15

114.29%

32

30

-6.25%

$258,000

$300,000

16.28%

$283,750

$300,000

5.73%

Condo

6

6

0.00%

11

23

109.09%

$360,000

$373,404

3.72%

$320,000

$316,808

-1.00%

2 3

33

43.48%

61

77

26.23%

$302,839

$320,000

5.67%

$295,000

$316,808

7.39%

All Sales

BRIDGEPORT 1 Family

3 8

59

55.26%

99

147

48.48%

$156,500

$156,300

-0.13%

$155,000

$156,300

0.84%

Condo

1 7

28

64.71%

42

69

64.29%

$84,000

$70,500

-16.07%

$63,500

$67,000

5.51%

139

52.75%

241

349

44.81%

$126,500

$126,000

-0.40%

$125,100

$135,000

7.91%

All Sales

9 1

BROOKFIELD 1 Family

1 7

11

-35.29%

35

36

2.86%

$375,000

$321,000

-14.40%

$345,000

$334,950

-2.91%

Condo

6

3

-50.00%

11

10

-9.09%

$208,900

$235,000

12.49%

$151,200

$213,975

41.52%

2 7

18

-33.33%

56

63

12.50%

$370,000

$313,403

-15.30%

$297,000

$321,000

8.08%

1 Family

3 0

31

3.33%

88

85

-3.41%

$259,900

$273,500

5.23%

$259,450

$280,000

7.92%

Condo

2 6

31

19.23%

66

86

30.30%

$201,500

$228,000

13.15%

$170,500

$189,950

11.41%

8 4

78

-7.14%

213

216

1.41%

$255,500

$266,500

4.31%

$252,000

$250,000

-0.79%

1 Family

1 5

13

-13.33%

49

40

-18.37%

$1,440,000

$1,330,000

-7.64% $1,230,000

$1,252,500

1.83%

Condo

1

3

200.00%

7

4

-42.86%

$540,000

N/A $ 1,722,548

1 8

23

27.78%

63

56

-11.11%

$1,470,000

$1,215,000

-17.35% $1,375,000

-60.00%

22

15

-31.82%

$595,750

$676,250

0

0

All Sales

DANBURY

All Sales

DARIEN

All Sales

N/A

$649,500 -62.29% $1,252,500

-8.91%

$550,000

-7.68%

EASTON 1 Family

1 0

4

Condo

0

0

1 3

7

-46.15%

26

18

-30.77%

$600,000

$600,000

0.00%

$595,750

$487,250 -18.21%

All Sales

N/A

N/A

N/A

N/A

13.51% N/A

$595,750 N/A

N/A

N/A

FAIRFIELD 1 Family

4 6

52

13.04%

91

129

41.76%

$599,000

$565,000

-5.68%

$575,000

$575,000

0.00%

Condo

7

11

57.14%

18

24

33.33%

$435,000

$400,000

-8.05%

$313,500

$345,000

10.05%

6 0

74

23.33%

130

182

40.00%

$569,750

$565,250

-0.79%

$540,000

$555,000

2.78%

7.43% $1,177,500

All Sales

GREENWICH 1 Family

1 8

26

44.44%

58

72

24.14%

$1,177,500

$1,265,000

Condo

1 5

9

-40.00%

33

25

-24.24%

$750,000

$755,000

3 9

51

30.77%

109

130

19.27%

$1,100,000

$1,150,000

1 Family

6

8

33.33%

22

32

45.45%

$205,000

$321,500

Condo

0

2

5

8

60.00%

9

13

37

52

40.54%

$205,000

$245,000

All Sales

$1,315,000

11.68%

$679,000

$750,500

10.53%

4.55% $1,000,000

$1,196,667

19.67%

$329,000

13.76%

0.67%

MONROE

All Sales

N/A 44.44%

N/A

N/A

56.83%

$289,200

N/A $260,000 19.51%

$172,500 -33.65%

$288,500

$275,000

-4.68%

$1,453,750

2.02%

NEW CANAAN 1 Family

1 2

6

-50.00%

39

38

-2.56%

$1,261,650

$1,556,250

23.35% $1,425,000

Condo

2

4

100.00%

13

12

-7.69%

$327,500

N/A $783,000

1 5

16

6.67%

61

56

-8.20%

$1,235,000

$1,012,500

-18.02% $1,235,000

-6.25%

42

33

-21.43%

$223,125

$385,000

2

0

-100.00%

All Sales

$329,250 -57.95% $1,195,000

-3.24%

$336,000

16.46%

NEW FAIRFIELD 1 Family

1 6

15

Condo

0

0

1 7

15

-11.76%

49

37

-24.49%

$221,250

$385,000

74.01%

$281,000

$330,000

17.44%

122.22%

63

79

25.40%

$347,500

$360,250

3.67%

$347,000

$330,000

-4.90%

2

3

50.00%

76

99

30.26%

All Sales

N/A

N/A

N/A

72.55% N/A

$288,500 N/A

N/A

N/A

NEWTOWN 1 Family

1 8

40

Condo

0

2

2 3

47

All Sales

N/A 104.35%

16 | THE COMMERCIAL RECORD | JUNE 2017

N/A $320,000

N/A $360,000

N/A 12.50%

N/A $342,500

$385,500

N/A

$325,000

-5.11%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORWALK 1 Family

4 1

33

-19.51%

112

113

0.89%

$395,000

$412,500

4.43%

$395,000

$400,000

1.27%

Condo

1 7

29

70.59%

55

72

30.91%

$240,000

$268,000

11.67%

$250,000

$247,500

-1.00%

6 8

76

11.76%

211

225

6.64%

$361,250

$330,000

-8.65%

$360,000

$340,000

-5.56%

1 Family

8

7

-12.50%

18

28

55.56%

$710,000

$435,000

-38.73%

$517,500

$437,500 -15.46%

Condo

0

1

1

1

0.00%

1 0

8

-20.00%

24

31

29.17%

$692,500

$437,500

-36.82%

$517,500

$435,000 -15.94%

All Sales

REDDING

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

RIDGEFIELD 1 Family

1 8

17

-5.56%

53

55

3.77%

$482,500

$630,000

30.57%

$520,000

$629,000

Condo

8

7

-12.50%

17

11

-35.29%

$207,500

$205,000

-1.20%

$225,000

$229,000

1.78%

2 8

25

-10.71%

74

72

-2.70%

$440,000

$570,000

29.55%

$492,400

$580,000

17.79%

1 Family

2 7

25

-7.41%

60

70

16.67%

$266,000

$313,000

17.67%

$287,500

$311,500

8.35%

Condo

9

10

11.11%

24

23

-4.17%

$252,000

$311,000

23.41%

$216,750

$315,000

45.33%

4 4

36

-18.18%

98

107

9.18%

$265,500

$313,000

17.89%

$271,000

$313,000

15.50%

0.00%

11

10

-9.09%

$447,500

$444,125

-0.75%

$435,000

$426,000

-2.07%

0

0

All Sales

20.96%

SHELTON

All Sales

SHERMAN 1 Family

4

4

Condo

0

0

5

4

-20.00%

13

12

-7.69%

$400,000

$444,125

11.03%

$400,000

$417,500

4.38%

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

STAMFORD 1 Family

4 8

52

8.33%

141

113

-19.86%

$495,000

$562,000

13.54%

$545,000

$540,000

-0.92%

Condo

4 3

45

4.65%

111

106

-4.50%

$270,000

$290,000

7.41%

$290,000

$265,000

-8.62%

1 09

120

10.09%

313

279

-10.86%

$425,000

$432,500

1.76%

$435,000

$429,500

-1.26%

All Sales

STRATFORD 1 Family

4 5

43

-4.44%

120

117

-2.50%

$220,000

$217,500

-1.14%

$205,950

$224,000

8.76%

Condo

1 3

13

0.00%

31

30

-3.23%

$97,000

$162,000

67.01%

$140,000

$177,500

26.79%

69

0.00%

183

179

-2.19%

$175,000

$215,000

22.86%

$194,800

$219,500

12.68%

$364,500

$399,900

9.71%

$370,000

$371,000

0.27%

All Sales

6 9

TRUMBULL 1 Family

2 0

21

5.00%

71

68

-4.23%

Condo

2

2

0.00%

5

7

40.00%

2 3

28

21.74%

78

83

6.41%

$352,000

$372,500

5.82%

$356,500

$355,000

1 Family

1 3

9

-30.77%

24

22

-8.33%

$970,000

$789,000

-18.66%

$715,000

$632,500 -11.54%

Condo

0

0

0

0

1 3

9

-30.77%

25

25

33.33%

73 6

40.74%

All Sales

N/A

N/A

N/A $317,000

$200,000 -36.91% -0.42%

WESTON

All Sales

N/A

N/A

N/A

N/A

N/A -18.66%

N/A

N/A

N/A

0.00%

$970,000

$789,000

$685,000

$620,000

-9.49%

73

0.00%

$1,115,125

$1,023,750

8

33.33%

-8.19% $1,175,000

$1,292,885

10.03%

91

93

2.20%

$1,175,000

$912,500

-22.34% $1,175,000

$692,500

-23.90%

$829,000

$726,375 -12.38%

N/A -100.00%

$350,000

WESTPORT 1 Family

2 4

32

Condo

0

2

2 7

38

1 Family

1 6

17

6.25%

25

41

64.00%

$910,000

Condo

3

2

-33.33%

6

4

-33.33%

$280,000

$382,500

9.29%

2 2

20

-9.09%

36

48

33.33%

$779,500

$652,500

-16.29%

$779,500

$725,688

-6.90%

8.65% 1,348

All Sales

N/A

N/A

N/A

N/A $742,500

$409,500 -44.85% $1,072,500

-8.72%

WILTON

All Sales

FAIRFIELD COUNTY 1 Family

4 97

540

1,446

7.27%

$405,000

$412,750

1.91%

$400,000

$412,500

3.13%

Condo

1 75

210

20.00%

466

526

12.88%

$235,000

$235,000

0.00%

$245,000

$234,500

-4.29%

947

13.14% 2,268

2,489

9.74%

$342,000

$332,500

-2.78%

$350,000

$339,000

-3.14%

All Sales

8 37

JUNE 2017 | THE COMMERCIAL RECORD | 17

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

$340,000 $187,500 $267,000

$389,000 $194,000 $322,500

$357,000 $190,000 $289,500

$389,000 $194,000 $315,000

8.96% 2.11% 8.81%

AVON 1 Family Condo All Sales

1 6 1 0 2 8

18 7 31

12.50% -30.00% 10.71%

37 18 58

44 14 69

18.92% -22.22% 18.97%

14.41% 3.47% 20.79%

7 2 1 3

10 1 15

42.86% -50.00% 15.38%

24 6 36

27 7 48

12.50% 16.67% 33.33%

$245,000 N/A $260,000

$218,000 -11.02% $216,950 N/A N/A $239,350 $230,000 -11.54% $216,950

$225,000 $262,500 $219,500

3.71% 9.67% 1.18%

1 6 3 2 0

18 7 28

12.50% 133.33% 40.00%

50 9 66

52 13 73

4.00% 44.44% 10.61%

$178,000 $170,000 $184,500

$155,200 $235,000 $161,950

-12.81% 38.24% -12.22%

$145,000 $170,000 $156,000

$154,750 $231,600 $164,000

6.72% 36.24% 5.13%

3 8 8 5 5

38 14 77

0.00% 75.00% 40.00%

91 19 140

122 24 185

34.07% 26.32% 32.14%

$161,000 $97,000 $150,000

$137,000 $107,500 $135,000

-14.91% 10.82% -10.00%

$162,000 $108,000 $148,750

$160,500 $105,000 $147,000

-0.93% -2.78% -1.18%

1 1 1 1 3

10 -9.09% 0 -100.00% 15 15.38%

16 2 21

26 0 36

62.50% -100.00% 71.43%

$260,000 N/A $290,000

$232,450 -10.60% $259,500 N/A N/A N/A $220,000 -24.14% $260,000

$256,850 -1.02% N/A N/A $277,000 6.54%

7 3 1 1

7 2 10

0.00% -33.33% -9.09%

16 5 24

24 8 36

50.00% 60.00% 50.00%

$280,000 $148,500 $260,000

$300,000 7.14% N/A -100.00% $290,000 11.54%

$322,500 $146,500 $303,500

17.49% -1.35% 15.80%

3 -40.00% 0 -100.00% 3 -50.00%

10 2 14

10 6 18

0.00% 200.00% 28.57%

$195,000 N/A $184,017

$349,900 79.44% $250,950 N/A N/A N/A $349,900 90.15% $192,500

$309,950 $136,832 $255,000

23.51% N/A 32.47%

12.64% 514.29% 37.80%

$150,000 N/A $153,000

$134,500 $86,000 $125,000

-10.33% $142,000 N/A $171,000 -18.30% $142,000

$128,273 -9.67% $62,500 -63.45% $115,000 -19.01%

$115,000 $131,900 $120,500

-43.07% $200,000 N/A $227,000 -37.73% $177,000

$153,450 -23.28% $130,950 -42.31% $135,000 -23.73%

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

BURLINGTON 1 Family Condo All Sales

CANTON 1 Family Condo All Sales

$274,500 $148,500 $262,098

EAST GRANBY 1 Family Condo All Sales

5 1 6

EAST HARTFORD 1 Family Condo All Sales

2 9 1 4 3

34 8 51

17.24% 700.00% 18.60%

87 7 127

98 43 175

1 1 2 1 8

5 5 14

-54.55% 150.00% -22.22%

17 3 30

24 10 49

3 4 7 4 3

31 9 44

-8.82% 28.57% 2.33%

85 19 117

98 22 137

15.29% 15.79% 17.09%

$172,450 $152,000 $165,000

$170,000 $121,500 $167,000

-1.42% -20.07% 1.21%

$160,000 $125,000 $155,000

$168,250 $126,500 $168,500

5.16% 1.20% 8.71%

16 12 36

-15.79% 20.00% 5.88%

55 32 94

40 30 83

-27.27% -6.25% -11.70%

$314,900 $162,000 $277,500

$329,500 $189,250 $242,250

4.64% 16.82% -12.70%

$309,000 $174,000 $258,755

$329,500 $180,750 $247,000

6.63% 3.88% -4.54%

3 3 1 0 4 9

14 9 31

-57.58% -10.00% -36.73%

75 27 115

61 19 101

-18.67% -29.63% -12.17%

$315,000 $152,750 $260,000

$279,750 $164,000 $198,000

-11.19% 7.36% -23.85%

$317,000 $164,900 $270,000

$276,000 -12.93% $156,000 -5.40% $225,000 -16.67%

6 1 1 4

8 2 10

33.33% 100.00% -28.57%

20 2 36

24 6 33

20.00% 200.00% -8.33%

$242,500 N/A $245,000

$320,250 32.06% $240,500 N/A N/A N/A $296,702 21.10% $227,500

$282,902 $170,000 $228,900

17.63% N/A 0.62%

24 9 88

20.00% 28.57% 37.50%

56 25 183

65 28 221

16.07% 12.00% 20.77%

$68,800 $70,000 $107,750

$131,000 $78,000 $161,500

$126,900 $70,600 $144,500

46.71% 65.73% 31.36%

5 0 6

5 0 6

EAST WINDSOR 1 Family Condo All Sales

41.18% $202,000 233.33% 63.33% $193,500

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

1 9 1 0 3 4

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

2 0 7 6 4

90.41% 11.43% 49.88%

$86,500 $42,600 $110,000

HARTLAND 1 Family Condo All Sales

0 0 0

1 0 2

N/A N/A N/A

18 | THE COMMERCIAL RECORD | JUNE 2017

0.00% N/A 0.00%

N/A N/A N/A

N/A N/A N/A

N/A $286,000 N/A N/A N/A $280,000

$265,000 -7.34% N/A N/A $250,000 -10.71%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

MANCHESTER 1 Family Condo All Sales

3 8 7 6 1

43 10 68

13.16% 42.86% 11.48%

91 28 156

119 26 178

30.77% -7.14% 14.10%

$159,500 $85,000 $155,900

$162,300 $81,500 $160,000

1.76% -4.12% 2.63%

$163,000 $108,000 $158,000

$159,000 -2.45% $72,500 -32.87% $155,000 -1.90%

5 1 6

400.00% 0.00% 200.00%

9 1 11

23 1 26

155.56% 0.00% 136.36%

N/A N/A N/A

27 10 56

-3.57% 900.00% 3.70%

85 13 163

68 21 152

-20.00% 61.54% -6.75%

$129,250 N/A $125,000

$139,900 $50,750 $112,750

8.24% $132,000 N/A $58,000 -9.80% $125,000

$133,000 $57,100 $128,250

0.76% -1.55% 2.60%

17 5 28

21.43% -50.00% 7.69%

41 27 79

55 19 91

34.15% -29.63% 15.19%

$179,975 $132,000 $158,750

$207,500 $148,000 $211,250

15.29% 12.12% 33.07%

$190,000 $144,000 $174,950

$209,000 $138,000 $197,000

10.00% -4.17% 12.60%

14 7 25

-6.67% 133.33% 31.58%

23 8 43

36 12 68

56.52% 50.00% 58.14%

$165,000 $82,000 $160,000

$172,750 $158,000 $160,000

4.70% 92.68% 0.00%

$167,000 $89,000 $160,000

$174,200 $138,375 $175,750

4.31% 55.48% 9.84%

11 5 18

37.50% -76.19% -43.75%

26 39 71

25 26 56

-3.85% -33.33% -21.13%

$260,000 $175,000 $195,000

$256,000 $192,000 $245,000

-1.54% 9.71% 25.64%

$253,750 $170,000 $195,000

$259,000 2.07% $137,000 -19.41% $207,750 6.54%

20 6 28

-39.39% 50.00% -30.00%

57 14 76

57 22 82

0.00% 57.14% 7.89%

$256,000 $169,950 $254,000

$300,950 $181,500 $289,500

17.56% 6.80% 13.98%

$260,000 $137,500 $251,000

$290,000 $154,000 $250,000

11.54% 12.00% -0.40%

16 4 28

0.00% -55.56% -3.45%

46 18 73

31 16 62

-32.61% -11.11% -15.07%

$241,500 $121,000 $180,000

$245,000 $132,500 $246,750

1.45% 9.50% 37.08%

$250,500 $123,000 $232,000

$248,500 $148,250 $243,250

-0.80% 20.53% 4.85%

4 2 5 5 4

22 7 42

-47.62% 40.00% -22.22%

84 18 127

63 15 111

-25.00% -16.67% -12.60%

$246,000 $125,500 $236,250

$267,250 $149,500 $229,000

8.64% 19.12% -3.07%

$249,500 $127,250 $230,000

$254,900 $165,000 $224,900

2.16% 29.67% -2.22%

6 1 9

8 1 18

33.33% 0.00% 100.00%

16 9 35

13 6 43

-18.75% -33.33% 22.86%

$220,000 N/A $159,500

$267,500 21.59% $216,950 N/A N/A $162,000 $243,500 52.66% $185,000

$260,000 19.84% $138,500 -14.51% $200,000 8.11%

64 16 88

4.92% 77.78% 7.32%

138 29 193

149 34 208

7.97% 17.24% 7.77%

$286,000 $230,000 $272,450

$291,500 $192,200 $270,436

1.92% -16.43% -0.74%

$295,000 $152,500 $282,500

$293,500 $183,000 $274,186

-0.51% 20.00% -2.94%

1 8 4 2 6

32 4 39

77.78% 0.00% 50.00%

57 5 70

77 8 91

35.09% 60.00% 30.00%

$217,500 $68,200 $187,500

$219,000 $75,750 $189,900

0.69% 11.07% 1.28%

$230,000 $70,000 $221,000

$235,900 $105,000 $220,000

2.57% 50.00% -0.45%

2 9 7 4 4

20 8 30

-31.03% 14.29% -31.82%

67 20 102

67 13 87

0.00% -35.00% -14.71%

$179,000 $89,000 $165,000

$175,250 $132,000 $175,250

-2.09% 48.31% 6.21%

$175,000 $119,500 $169,500

$186,000 $142,000 $189,900

6.29% 18.83% 12.04%

5 1 8

-37.50% 0.00% -27.27%

30 7 45

19 4 29

-36.67% -42.86% -35.56%

$133,950 N/A $134,000

$180,000 34.38% $156,862 N/A N/A $129,000 $180,000 34.33% $162,000

$169,900 $120,800 $169,900

8.31% -6.36% 4.88%

-4.92% 1,414 14.09% 412 4.11% 2,311

1,522 453 2,554

7.64% 9.95% 10.51%

$200,000 $149,000 $182,000

$200,000 $136,500 $185,100

$199,900 $130,000 $183,000

-0.05% -6.49% 1.67%

MARLBOROUGH 1 Family Condo All Sales

1 1 2

$243,000 N/A $231,000

N/A $287,000 N/A N/A N/A $270,500

$275,000 -4.18% N/A N/A $272,950 0.91%

NEW BRITAIN 1 Family Condo All Sales

2 8 1 5 4

NEWINGTON 1 Family Condo All Sales

1 4 1 0 2 6

PLAINVILLE 1 Family Condo All Sales

1 5 3 1 9

ROCKY HILL 1 Family Condo All Sales

8 2 1 3 2

SIMSBURY 1 Family Condo All Sales

3 3 4 4 0

SOUTH WINDSOR 1 Family Condo All Sales

1 6 9 2 9

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

WEST HARTFORD 1 Family Condo All Sales

6 1 9 8 2

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

8 1 1 1

HARTFORD COUNTY 1 Family Condo All Sales

5 69 1 49 9 00

541 170 937

0.00% -8.39% 1.70%

$200,000 $139,025 $180,000

JUNE 2017 | THE COMMERCIAL RECORD | 19

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BARKHAMSTED 1 Family Condo All Sales

3 0 3

1 0 3

-66.67% N/A 0.00%

6 0 7

6 0 9

0.00% N/A 28.57%

$266,000 -100.00% $240,075 N/A N/A N/A N/A $266,000 $330,000 24.06% $260,000

$280,000 16.63% N/A N/A $295,000 13.46%

1 0 1

-50.00% N/A -66.67%

5 0 8

4 0 4

-20.00% N/A -50.00%

N/A N/A N/A $205,000 N/A N/A N/A N/A $250,000 -100.00% $185,000

$168,750 -17.68% N/A N/A $168,750 -8.78%

0 0 1

1 0 1

N/A N/A 0.00%

1 0 5

3 0 3

200.00% N/A -40.00%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A N/A N/A $505,000

$530,000 N/A N/A N/A $530,000 4.95%

1 0 1

2 0 2

100.00% N/A 100.00%

2 0 2

3 0 3

50.00% N/A 50.00%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

$165,000 N/A $165,000

N/A N/A N/A

2 0 2

100.00% N/A 100.00%

2 0 2

3 0 3

50.00% N/A 50.00%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

$212,000 N/A $212,000

N/A N/A N/A

1 0 1

2 0 3

100.00% N/A 200.00%

4 0 4

7 0 11

75.00% N/A 175.00%

N/A N/A N/A

N/A N/A $168,000

4 0 7

6 0 7

50.00% N/A 0.00%

10 0 14

13 0 17

30.00% N/A 21.43%

7 0 1 0

2 0 4

-71.43% N/A -60.00%

16 1 22

13 0 15

1 1 3

0 -100.00% 0 -100.00% 1 -66.67%

5 3 12

5 1 7

6 20.00% 0 -100.00% 7 0.00%

0 0 0

1 0 2

BETHLEHEM 1 Family Condo All Sales

2 0 3

BRIDGEWATER 1 Family Condo All Sales

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

1 0 1

CORNWALL 1 Family Condo All Sales

N/A $232,500 N/A N/A N/A $232,500

$172,000 -26.02% N/A N/A $148,000 -36.34%

$437,500 N/A $410,000

$325,000 -25.71% $270,000 N/A N/A N/A $299,900 -26.85% $224,500

$320,000 18.52% N/A N/A $299,900 33.59%

-18.75% -100.00% -31.82%

$219,900 N/A $233,450

N/A -100.00% $267,500 N/A N/A N/A $269,000 15.23% $252,500

$252,500 -5.61% N/A N/A $252,500 0.00%

1 0 5

-80.00% -100.00% -58.33%

N/A N/A $291,000

13 1 20

17 2 24

30.77% 100.00% 20.00%

$337,500 N/A $235,000

1 0 1

3 0 4

200.00% N/A 300.00%

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

KENT 1 Family Condo All Sales

N/A N/A $375,000 N/A N/A $169,900 N/A -100.00% $346,250

N/A - 100.00% N/A - 100.00% $275,000 -20.58%

LITCHFIELD 1 Family Condo All Sales

$256,425 -24.02% $272,500 N/A N/A N/A $300,850 28.02% $238,500

$237,000 -13.03% N/A N/A $223,500 -6.29%

MORRIS 1 Family Condo All Sales

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

$510,000 N/A $435,000

N/A N/A N/A

NEW HARTFORD 1 Family Condo All Sales

4 1 1 1

5 1 11

25.00% 0.00% 0.00%

9 2 20

12 1 21

33.33% -50.00% 5.00%

2 1 4 3 0

24 11 44

14.29% 175.00% 46.67%

54 13 85

74 18 112

37.04% 38.46% 31.76%

3 0 3

1 0 2

6 0 7

2 0 4

$227,500 N/A $102,000

$164,000 -27.91% $225,000 N/A N/A N/A $164,000 60.78% $153,750

$246,250 9.44% N/A N/A $237,000 54.15%

$240,000 $95,424 $196,250

$353,500 $107,000 $225,000

$274,750 10.01% $82,000 -18.00% $250,500 19.29%

NEW MILFORD 1 Family Condo All Sales

47.29% 12.13% 14.65%

$249,750 $99,999 $210,000

NORFOLK 1 Family Condo All Sales

-66.67% N/A -33.33%

-66.67% N/A -42.86%

20 | THE COMMERCIAL RECORD | JUNE 2017

$95,000 N/A $95,000

N/A -100.00% $198,250 N/A N/A N/A N/A -100.00% $196,500

N/A - 100.00% N/A N/A $137,500 -30.03%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NORTH CANAAN 1 Family

0

5

N/A

4

7

Condo

0

0

N/A

0

0

2

5

150.00%

10

7

-30.00%

-57.14%

13

26

100.00%

3

2

-33.33%

All Sales

75.00% N/A

N/A N/A N/A

$176,000 N/A $176,000

N/A $154,500 N/A

N/A

N/A $155,000

$160,000 N/A

3.56% N/A

$160,000

3.23%

$154,750

-6.16%

PLYMOUTH 1 Family

7

3

Condo

0

1

9

6

-33.33%

22

33

50.00%

$153,000

1 Family

4

2

-50.00%

7

6

-14.29%

$595,000

Condo

0

0

0

0

4

5

25.00%

11

9

-18.18%

500.00%

3

12

300.00%

0

0

All Sales

N/A

$153,000 N/A

$225,000 N/A $81,000

47.06%

$164,900

N/A $140,000

N/A - 100.00%

-47.06%

$155,750

$144,900

-6.97%

N/A -100.00%

$740,000

$445,500 -39.80%

ROXBURY

All Sales

N/A

N/A

N/A $595,000

N/A $350,000

N/A -41.18%

N/A $740,000

N/A

N/A

$351,000 -52.57%

SALISBURY 1 Family

1

6

Condo

0

0

1

8

700.00%

3

17

466.67%

1 Family

3

3

0.00%

8

7

-12.50%

Condo

0

1

0

2

4

5

25.00%

10

14

40.00%

All Sales

N/A

N/A

N/A N/A N/A

$415,000 N/A $415,000

N/A $200,000 N/A

N/A

N/A $200,000

$375,000 N/A

87.50% N/A

$405,000 102.50%

SHARON

All Sales

N/A

N/A

$252,000 N/A $313,500

$525,000 108.33% N/A $555,000

N/A 77.03%

$290,000 N/A $290,000

$410,000 N/A $410,000

41.38% N/A 41.38%

THOMASTON 1 Family

1

4

300.00%

8

11

37.50%

N/A

Condo

2

0 -100.00%

2

2

0.00%

N/A

50.00%

12

19

58.33%

$61,525

All Sales

4

6

$182,250 N/A

N/A $225,000 N/A

N/A

$181,950 -19.13% N/A

N/A

$182,250 196.22%

$132,625

$161,900

22.07%

TORRINGTON 1 Family

3 0

32

6.67%

69

77

11.59%

$133,475

$125,000

-6.35%

$130,000

$125,000

-3.85%

Condo

4

3

-25.00%

14

13

-7.14%

$51,500

$75,000

45.63%

$74,950

$72,000

-3.94%

4 2

46

9.52%

108

118

9.26%

$130,000

$112,500

-13.46%

$119,000

$109,500

-7.98%

-20.00%

$260,069

N/A -100.00%

$260,069

$418,305

60.84%

All Sales

WARREN 1 Family

3

0 -100.00%

5

4

Condo

0

0

0

0

7

5

-28.57%

$260,069

11

17

54.55%

$437,500

0

1

All Sales

3

N/A

0 -100.00%

N/A

N/A

N/A

N/A

N/A -100.00%

N/A

N/A

N/A

$260,000

$450,000

73.08%

$500,000

$610,000

22.00%

WASHINGTON 1 Family

4

5

Condo

0

0

4

7

75.00%

12

21

All Sales

25.00% N/A

N/A

N/A

$850,000 N/A

94.29% N/A

N/A

N/A

N/A

75.00%

$437,500

$705,000

61.14%

$460,000

$525,000

14.13%

$175,000

$178,500

2.00%

$183,750

$187,450

2.01%

N/A $164,250

$249,250

51.75%

WATERTOWN 1 Family

1 9

17

-10.53%

44

36

-18.18%

Condo

2

3

50.00%

6

4

-33.33%

2 7

26

-3.70%

59

52

-11.86%

$175,000

$184,250

5.29%

$180,000

$181,700

0.94%

0.00%

25

25

0.00%

$131,000

$105,000

-19.85%

$120,000

$123,000

2.50%

2

3

50.00%

7.69%

38

40

5.26%

$95,000

$96,500

1.58%

$267,500

$335,500

25.42%

All Sales

N/A

$253,500

WINCHESTER 1 Family

9

9

Condo

0

2

1 3

14

All Sales

N/A

N/A

N/A

N/A

N/A

$62,100

N/A

$111,500

$121,500

8.97%

$297,500

$285,000

-4.20%

WOODBURY 1 Family

6

6

0.00%

17

16

-5.88%

Condo

2

4

100.00%

5

9

80.00%

1 2

10

-16.67%

30

27

-10.00%

$172,500

$270,000

56.52%

$240,250

$250,000

4.06%

$210,000

5.93%

All Sales

N/A

$163,500

N/A $120,500

$65,299 -45.81%

LITCHFIELD COUNTY 1 Family

1 40

146

4.29%

348

405

16.38%

$192,100

$190,000

-1.09%

$198,250

Condo

1 7

26

52.94%

52

57

9.62%

$102,000

$106,000

3.92%

$119,950

2 06

228

10.68%

531

597

12.43%

$168,500

$180,975

7.40%

$169,900

All Sales

$81,000 -32.47% $183,000

7.71%

JUNE 2017 | THE COMMERCIAL RECORD | 21

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

13 0 14

6 0 8

-53.85% N/A -42.86%

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

CHESTER 1 Family Condo All Sales

2 0 2

2 0 2

0.00% N/A 0.00%

N/A N/A N/A

N/A N/A N/A

N/A $225,000 N/A N/A N/A $222,000

$268,000 19.11% N/A N/A $268,000 20.72%

1 0 1 1 4

13 5 21

30.00% 400.00% 50.00%

31 5 46

34 12 58

9.68% 140.00% 26.09%

$259,000 N/A $252,650

$232,000 $110,000 $175,000

3 6 12

-66.67% -40.00% -50.00%

26 20 54

16 29 51

-38.46% 45.00% -5.56%

$275,500 $102,500 $155,280

$299,000 $103,275 $167,500

8 1 1 0

0 -100.00% 1 0.00% 1 -90.00%

20 2 25

6 4 12

-70.00% 100.00% -52.00%

$257,500 N/A $235,000

N/A -100.00% $242,250 N/A N/A N/A N/A -100.00% $235,000

$187,469 -22.61% $133,750 N/A $181,469 -22.78%

4 0 4

7 0 9

75.00% N/A 125.00%

14 1 15

16 1 22

14.29% 0.00% 46.67%

$344,750 N/A $344,750

$254,000 -26.32% $234,500 N/A N/A N/A $219,501 -36.33% $273,000

$296,800 26.57% N/A N/A $280,800 2.86%

8 0 11

N/A N/A N/A

11 1 15

25 1 34

127.27% 0.00% 126.67%

N/A N/A N/A

$197,850 N/A $195,700

N/A $228,000 N/A N/A N/A $228,000

$200,000 -12.28% N/A N/A $195,350 -14.32%

1 4 0 1 7

8 2 14

-42.86% N/A -17.65%

34 1 43

32 4 47

-5.88% 300.00% 9.30%

$205,200 N/A $210,000

$226,500 10.38% $242,500 N/A N/A N/A $181,500 -13.57% $245,000

$225,024 -7.21% $145,000 N/A $208,000 -15.10%

7 0 7

5 0 5

-28.57% N/A -28.57%

18 3 26

18 1 24

0.00% -66.67% -7.69%

$290,000 N/A $290,000

$385,000 32.76% $290,000 N/A N/A $215,000 $385,000 32.76% $274,000

$291,500 0.52% N/A - 100.00% $276,100 0.77%

1 6 0 1 6

9 0 13

-43.75% N/A -18.75%

28 0 30

18 0 33

-35.71% N/A 10.00%

$245,000 N/A $245,000

$315,000 28.57% $245,000 N/A N/A N/A $310,000 26.53% $238,750

$266,250 8.67% N/A N/A $245,000 2.62%

11 0 11

22.22% N/A 22.22%

15 0 16

23 0 25

53.33% N/A 56.25%

$287,000 N/A $287,000

$260,000 N/A $260,000

-9.41% $287,000 N/A N/A -9.41% $303,500

$267,000 -6.97% N/A N/A $260,000 -14.33%

7 2 12

10 0 15

42.86% -100.00% 25.00%

N/A -100.00% $237,500 N/A N/A N/A N/A -100.00% $233,750

$206,500 -13.05% N/A N/A $205,500 -12.09%

CLINTON 1 Family Condo All Sales

-10.42% $253,000 N/A $109,000 -30.73% $230,000

$247,500 $114,000 $210,000

-2.17% 4.59% -8.70%

$269,250 $123,000 $154,500

21.69% 6.96% -3.47%

CROMWELL 1 Family Condo All Sales

9 1 0 2 4

8.53% 0.76% 7.87%

$221,250 $115,000 $160,050

DEEP RIVER 1 Family Condo All Sales

DURHAM 1 Family Condo All Sales

EAST HADDAM 1 Family Condo All Sales

0 0 0

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

9 0 9

MIDDLEFIELD 1 Family Condo All Sales

3 1 6

2 -33.33% 0 -100.00% 2 -66.67%

$263,000 N/A $172,250

MIDDLETOWN 1 Family Condo All Sales

2 3 1 3 4 2

39 8 59

69.57% -38.46% 40.48%

54 34 104

86 27 142

59.26% -20.59% 36.54%

$207,000 $92,000 $163,973

$225,000 $118,000 $218,000

8.70% 28.26% 32.95%

$195,938 $105,000 $150,000

$192,000 $107,000 $169,950

-2.01% 1.90% 13.30%

12 2 15

140.00% 0.00% 7.14%

13 5 32

34 4 41

161.54% -20.00% 28.13%

$290,000 N/A $325,000

$327,750 13.02% $350,000 N/A N/A $342,500 $325,500 0.15% $267,500

$341,000 $337,750 $340,000

-2.57% -1.39% 27.10%

5 -16.67% 0 -100.00% 8 -27.27%

19 3 28

16 3 27

-15.79% 0.00% -3.57%

$218,750 N/A $195,000

$240,500 N/A $205,250

$206,250 -4.07% $110,000 -46.34% $204,500 -5.76%

OLD SAYBROOK 1 Family Condo All Sales

5 2 1 4

PORTLAND 1 Family Condo All Sales

6 2 1 1

22 | THE COMMERCIAL RECORD | JUNE 2017

9.94% $215,000 N/A $205,000 5.26% $217,000

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

$243,000 N/A $162,500

$261,850 7.76% $295,000 N/A N/A N/A $261,850 61.14% $285,000

$282,500 -4.24% N/A N/A $246,200 -13.61%

$255,000 $103,500 $210,000

$252,950 $122,200 $232,250

$242,500 $118,000 $217,000

WESTBROOK 1 Family Condo All Sales

5 0 1 2

10 1 12

100.00% N/A 0.00%

15 1 25

15 1 21

0.00% 0.00% -16.00%

10.74% -16.67% 3.72%

318 78 485

355 87 560

11.64% 11.54% 15.46%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 21 3 0 1 88

134 25 195

-0.80% 18.07% 10.60%

$245,000 $123,650 $220,000

-1.02% -4.57% -1.36%

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JUNE 2017 | THE COMMERCIAL RECORD | 23

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANSONIA 1 Family Condo All Sales

1 8 0 2 2

12 0 16

-33.33% N/A -27.27%

36 1 52

33 0 43

-8.33% -100.00% -17.31%

$164,950 N/A $163,750

$161,250 N/A $166,000

-2.24% $148,075 N/A N/A 1.37% $138,500

$169,600 14.54% N/A N/A $167,000 20.58%

6 0 7

3 0 8

-50.00% N/A 14.29%

12 3 17

6 2 14

-50.00% -33.33% -17.65%

$202,500 N/A $190,000

$185,000 N/A $180,500

-8.64% $202,500 N/A $313,700 -5.00% $252,500

$185,000 -8.64% N/A - 100.00% $185,000 -26.73%

6 0 6

3 0 3

-50.00% N/A -50.00%

9 0 9

12 0 12

$286,940 N/A $286,940

$305,000 N/A $305,000

$271,500 $125,000 $212,500

$291,250 $147,250 $223,000

7.27% 17.80% 4.94%

$300,000 N/A $289,950

$292,500 $138,750 $266,750

-2.50% $279,900 N/A $174,000 -8.00% $275,000

BEACON FALLS 1 Family Condo All Sales

BETHANY 1 Family Condo All Sales

33.33% N/A 33.33%

6.29% $288,880 N/A N/A 6.29% $288,880

$278,000 -3.77% N/A N/A $278,000 -3.77%

BRANFORD 1 Family Condo All Sales

2 2 1 5 4 3

18 14 40

-18.18% -6.67% -6.98%

48 38 101

41 44 103

-14.58% 15.79% 1.98%

$300,250 $141,500 $220,000

$320,000 $155,000 $213,000

6.58% 9.54% -3.18%

1 7 1 2 0

20 6 30

17.65% 500.00% 50.00%

47 12 70

51 20 82

8.51% 66.67% 17.14%

5 3 1 4

2 2 7

-60.00% -33.33% -50.00%

16 8 43

12 12 33

-25.00% 50.00% -23.26%

$123,000 $125,000 $127,450

N/A -100.00% N/A -100.00% $120,000 -5.85%

$198,000 $119,500 $181,000

$175,000 -11.62% $117,000 -2.09% $125,000 -30.94%

25 15 46

38.89% 87.50% 58.62%

61 18 90

66 24 105

8.20% 33.33% 16.67%

$181,450 $202,500 $189,900

$150,000 $115,000 $145,000

$165,000 $112,500 $158,800

$168,500 $131,000 $170,000

2 2 2 3 0

13 5 26

-40.91% 150.00% -13.33%

55 4 68

37 10 60

-32.73% 150.00% -11.76%

$330,000 N/A $300,000

$470,000 $293,000 $430,000

2 2 5 3 2

47 11 74

113.64% 120.00% 131.25%

91 21 130

98 28 156

7.69% 33.33% 20.00%

$168,495 $110,000 $168,495

$172,500 $81,600 $172,000

2.38% -25.82% 2.08%

$169,990 $97,500 $162,500

$188,250 $104,500 $179,950

2 2 4 2 9

14 1 18

-36.36% -75.00% -37.93%

53 8 68

51 5 63

-3.77% -37.50% -7.35%

$381,500 $237,500 $328,000

$367,000 -3.80% N/A -100.00% $387,000 17.99%

$385,000 $228,000 $340,000

$390,000 1.30% $500,000 119.30% $400,000 17.65%

4 4 1 7 7 2

22 6 39

-50.00% -64.71% -45.83%

106 39 177

89 21 150

-16.04% -46.15% -15.25%

$138,575 $78,000 $120,000

$158,250 $103,000 $111,000

14.20% 32.05% -7.50%

$132,000 $62,500 $120,000

$149,000 $61,437 $119,250

4 2 9

6 3 12

50.00% 50.00% 33.33%

10 3 20

18 6 35

80.00% $209,000 100.00% 75.00% $290,000

$280,000 $347,000 $317,450

33.97% $294,000 N/A $450,000 9.47% $327,755

3 4 1 8 6 4

42 20 72

23.53% 11.11% 12.50%

112 36 172

106 44 175

-5.36% 22.22% 1.74%

$361,450 $177,750 $255,000

$261,000 $167,000 $238,500

-27.79% -6.05% -6.47%

$291,500 $164,250 $267,500

$265,500 $162,500 $245,000

16 3 32

-38.46% -50.00% -17.95%

49 10 78

59 7 95

20.41% -30.00% 21.79%

$151,500 $49,250 $147,777

$138,500 $48,000 $121,250

-8.58% -2.54% -17.95%

$150,000 $63,000 $141,000

$149,900 -0.07% $56,000 -11.11% $135,000 -4.26%

CHESHIRE 1 Family Condo All Sales

$295,000 5.39% $156,000 -10.34% $261,250 -5.00%

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

1 8 8 2 9

-17.33% -43.21% -23.64%

2.12% 16.44% 7.05%

GUILFORD 1 Family Condo All Sales

42.42% $307,500 N/A $79,250 43.33% $292,500

$395,000 28.46% $232,500 193.38% $382,000 30.60%

HAMDEN 1 Family Condo All Sales

10.74% 7.18% 10.74%

MADISON 1 Family Condo All Sales

MERIDEN 1 Family Condo All Sales

12.88% -1.70% -0.63%

MIDDLEBURY 1 Family Condo All Sales

$283,500 -3.57% $352,500 -21.67% $338,645 3.32%

MILFORD 1 Family Condo All Sales

-8.92% -1.07% -8.41%

NAUGATUCK 1 Family Condo All Sales

2 6 6 3 9

24 | THE COMMERCIAL RECORD | JUNE 2017

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

NEW HAVEN 1 Family Condo All Sales

2 9 9 8 8

27 18 98

-6.90% 100.00% 11.36%

79 27 222

87 37 240

10.13% 37.04% 8.11%

$163,000 $87,000 $150,000

$144,000 $85,000 $157,500

-11.66% -2.30% 5.00%

$145,000 $96,500 $145,000

$144,000 $100,000 $155,000

-0.69% 3.63% 6.90%

6 1 12

0.00% -75.00% 9.09%

22 8 32

23 7 38

4.55% -12.50% 18.75%

$274,000 $122,751 $219,500

$263,000 -4.01% N/A -100.00% $192,450 -12.32%

$267,500 $146,251 $240,000

$250,000 -6.54% $168,000 14.87% $212,750 -11.35%

2 8 3 3 5

16 3 24

-42.86% 0.00% -31.43%

50 8 74

45 8 67

-10.00% 0.00% -9.46%

$249,750 $305,000 $237,000

$299,950 $326,466 $313,750

$244,750 $206,000 $236,000

$250,000 $355,300 $308,000

7 0 1 0

10 1 16

42.86% N/A 60.00%

24 0 31

26 2 35

8.33% N/A 12.90%

$268,000 N/A $310,000

$337,500 25.93% $310,000 N/A N/A N/A $348,000 12.26% $370,000

$313,500 1.13% N/A N/A $317,000 -14.32%

7 0 1 2

10 1 12

42.86% N/A 0.00%

18 3 35

24 3 32

33.33% 0.00% -8.57%

$250,000 N/A $177,500

$315,750 26.30% $241,500 N/A N/A $345,565 $315,750 77.89% $280,000

$237,000 $332,000 $258,900

NORTH BRANFORD 1 Family Condo All Sales

6 4 1 1

NORTH HAVEN 1 Family Condo All Sales

20.10% 7.04% 32.38%

2.15% 72.48% 30.51%

ORANGE 1 Family Condo All Sales

OXFORD 1 Family Condo All Sales

-1.86% -3.93% -7.54%

PROSPECT 1 Family Condo All Sales

8 2 1 0

6 2 9

-25.00% 0.00% -10.00%

19 7 27

13 7 30

-31.58% $232,500 $224,302 0.00% 11.11% $277,500 $310,000

-3.53% $270,000 N/A $412,644 11.71% $327,750

$230,000 -14.81% $360,000 -12.76% $241,463 -26.33%

11 5 21

0.00% 0.00% 10.53%

29 11 52

29 9 51

0.00% -18.18% -1.92%

$210,000 $95,000 $210,000

$200,000 $103,500 $160,000

-4.76% 8.95% -23.81%

$200,000 $95,000 $167,950

$220,000 $110,000 $183,000

10.00% 15.79% 8.96%

19 29 52

26.67% 70.59% 48.57%

35 42 87

41 65 115

17.14% 54.76% 32.18%

$315,000 $107,500 $175,000

$370,000 $99,000 $192,500

17.46% -7.91% 10.00%

$335,000 $124,000 $182,500

$350,000 $123,500 $195,000

4.48% -0.40% 6.85%

25 13 45

-10.71% 116.67% 2.27%

66 16 102

71 28 118

7.58% 75.00% 15.69%

$235,000 $115,625 $226,500

$200,000 $150,000 $184,500

-14.89% 29.73% -18.54%

$227,000 $145,750 $225,000

$210,000 -7.49% $150,000 2.92% $201,000 -10.67%

67 13 108

55.81% -18.75% 25.58%

145 36 260

158 42 266

8.97% 16.67% 2.31%

$85,000 $48,750 $61,750

$97,000 $48,500 $85,000

14.12% -0.51% 37.65%

$89,000 $50,200 $78,450

$98,500 10.67% $43,500 -13.35% $81,883 4.38%

25 11 54

0.00% 83.33% 28.57%

80 15 126

91 25 156

13.75% 66.67% 23.81%

$152,000 $66,000 $154,000

$145,000 $115,000 $148,000

-4.61% 74.24% -3.90%

$154,000 $72,000 $164,500

21 2 24

61.54% N/A 41.18%

26 1 36

37 2 48

42.31% 100.00% 33.33%

$187,900 N/A $187,900

$218,000 16.02% $183,250 N/A N/A N/A $209,950 11.73% $181,250

$209,900 14.54% N/A N/A $212,000 16.97%

5 0 5

0.00% N/A -16.67%

18 0 21

12 0 12

-33.33% N/A -42.86%

$235,000 N/A $225,000

$350,000 48.94% $361,000 N/A N/A N/A $350,000 55.56% $352,000

$405,000 12.19% N/A N/A $405,000 15.06%

0.00% 1,316 24.16% 375 8.66% 2,200

1,336 458 2,334

$200,000 $110,000 $174,884

$195,000 $120,000 $172,500

$195,000 $129,950 $177,750

SEYMOUR 1 Family Condo All Sales

1 1 5 1 9

SOUTHBURY 1 Family Condo All Sales

1 5 1 7 3 5

WALLINGFORD 1 Family Condo All Sales

2 8 6 4 4

WATERBURY 1 Family Condo All Sales

4 3 1 6 8 6

WEST HAVEN 1 Family Condo All Sales

2 5 6 4 2

$161,000 $90,000 $157,038

4.55% 25.00% -4.54%

WOLCOTT 1 Family Condo All Sales

1 3 0 1 7

WOODBRIDGE 1 Family Condo All Sales

5 0 6

NEW HAVEN COUNTY 1 Family Condo All Sales

4 91 1 49 8 31

491 185 903

1.52% 22.13% 6.09%

-2.50% 9.09% -1.36%

$196,704 $120,000 $175,000

-0.87% 8.29% 1.57%

JUNE 2017 | THE COMMERCIAL RECORD | 25

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

6 0 6

4 0 9

-33.33% N/A 50.00%

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

BOZRAH 1 Family Condo All Sales

0 0 0

3 0 5

N/A N/A N/A

N/A N/A N/A

$165,000 N/A $165,000

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

$160,000 -11.85% N/A N/A $155,000 -14.60%

COLCHESTER 1 Family Condo All Sales

2 1 1 2 2

16 3 22

-23.81% 200.00% 0.00%

45 6 56

43 3 52

-4.44% -50.00% -7.14%

$239,900 N/A $237,450

$174,750 $224,000 $199,500

-27.16% $235,000 N/A $191,500 -15.98% $230,000

$199,000 -15.32% $224,000 16.97% $218,500 -5.00%

8 3 16

-50.00% -50.00% -44.83%

44 7 63

23 9 45

-47.73% 28.57% -28.57%

$302,000 $169,838 $245,000

$188,438 $199,900 $157,938

-37.60% 17.70% -35.54%

$230,500 -19.83% $175,000 9.53% $216,900 -18.15%

2 0 3

100.00% N/A 200.00%

4 0 6

6 0 8

15 6 31

10 2 24

-33.33% -66.67% -22.58%

$105,000 N/A $91,500

$128,635 22.51% $103,000 N/A N/A $99,950 $106,135 15.99% $100,000

$125,000 21.36% N/A - 100.00% $90,000 -10.00%

62 6 86

62 18 107

0.00% 200.00% 24.42%

$158,000 N/A $158,000

$179,400 $135,000 $172,750

$220,000 $133,500 $202,000

17 0 22

17 0 27

40 4 47

42 1 51

5.00% -75.00% 8.51%

EAST LYME 1 Family Condo All Sales

1 6 6 2 9

$287,500 $159,775 $265,000

FRANKLIN 1 Family Condo All Sales

1 0 1

50.00% N/A 33.33%

N/A N/A N/A

N/A N/A $166,500

N/A $197,450 N/A N/A N/A $222,500

$183,750 -6.94% N/A N/A $163,250 -26.63%

GRISWOLD 1 Family Condo All Sales

6 1 1 0

4 -33.33% 0 -100.00% 6 -40.00%

GROTON 1 Family Condo All Sales

1 9 2 2 5

21 7 36

10.53% 250.00% 44.00%

7 0 9

8 0 15

1 0 2 1 2

14 1 18

3 0 3

3 0 5

0.00% N/A 66.67%

6 0 7

11 0 15

1 0 3

3 0 5

200.00% N/A 66.67%

2 0 5

19 0 25

35.71% N/A 38.89%

13 3 23

13.54% $239,450 N/A $126,250 9.34% $203,500

-8.12% 5.74% -0.74%

LEBANON 1 Family Condo All Sales

14.29% N/A 66.67%

0.00% N/A 22.73%

$90,000 N/A $82,500

$156,000 73.33% $155,000 N/A N/A N/A $144,097 74.66% $151,500

$200,000 29.03% N/A N/A $156,000 2.97%

$209,450 N/A $186,750

$193,500 N/A $198,500

$219,750 7.72% N/A - 100.00% $220,000 10.00%

83.33% N/A 114.29%

$169,900 N/A $169,900

$169,900 N/A $169,900

0.00% $171,400 N/A N/A 0.00% $169,900

$206,500 20.48% N/A N/A $181,000 6.53%

4 0 10

100.00% N/A 100.00%

N/A N/A $435,000

$515,000 N/A N/A N/A N/A N/A $389,000 -10.57% $295,000

$548,500 N/A N/A N/A $394,500 33.73%

33 0 43

44 1 59

33.33% N/A 37.21%

$183,500 N/A $176,150

$169,900 N/A $169,900

-7.41% $172,300 N/A N/A -3.55% $165,000

$156,858 -8.96% N/A N/A $149,900 -9.15%

8.33% 50.00% 15.00%

30 7 65

34 7 62

13.33% 0.00% -4.62%

$108,250 N/A $117,500

$135,000 $85,000 $130,000

24.71% $124,750 N/A $132,000 10.64% $126,500

$148,500 $133,900 $134,450

7.14% N/A 10.53%

$126,744 N/A $163,372

$260,000 105.14% $209,500 N/A N/A N/A $255,000 56.09% $210,000

$255,000 21.72% N/A N/A $213,000 1.43%

$110,000 N/A $110,000

$128,250 $86,200 $104,400

$121,125 -5.74% $68,000 -24.44% $103,376 -6.02%

LEDYARD 1 Family Condo All Sales

40.00% -50.00% 50.00%

-7.62% $204,000 N/A $42,000 6.29% $200,000

LISBON 1 Family Condo All Sales

LYME 1 Family Condo All Sales

MONTVILLE 1 Family Condo All Sales

1 4 0 1 8

NEW LONDON 1 Family Condo All Sales

1 2 2 2 0

19.04% 1.44% 6.28%

NORTH STONINGTON 1 Family Condo All Sales

3 0 4

8 0 11

166.67% N/A 175.00%

14 0 19

15 0 21

2 1 2 3 2

19 4 41

-9.52% 100.00% 28.13%

58 9 90

48 5 84

NORWICH 1 Family Condo All Sales

-17.24% -44.44% -6.67%

26 | THE COMMERCIAL RECORD | JUNE 2017

16.59% $128,500 N/A $90,000 -5.09% $110,000

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 YTD

MEDIAN PRICE %CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

OLD LYME 1 Family

2

5

Condo

0

0

9

25

0

1

2

7

250.00%

12

31

1 Family

6

3

Condo

0

0

-50.00%

10

11

0

0

8

4

-50.00%

14

15

7.14%

1 Family Condo

1

0 -100.00%

5

3

-40.00%

0

0

0

0

1

1

0.00%

6

7

1 Family

1

0 -100.00%

8

5

Condo

0

0

0

0

2

1

-50.00%

10

7

-30.00%

All Sales

150.00% N/A

177.78% N/A

N/A N/A

158.33%

$375,000 N/A $375,000

N/A $282,900 N/A

N/A

N/A $306,450

$350,000 N/A

23.72% N/A

$350,000

14.21%

$215,000

5.13%

PRESTON

All Sales

N/A

10.00% N/A

$215,000 N/A $215,000

$235,000 N/A $227,500

9.30% N/A 5.81%

$204,500 N/A $178,000

N/A $216,000

N/A 21.35%

SALEM

All Sales

N/A

N/A

N/A

N/A $350,500

N/A

N/A

N/A

16.67%

N/A

N/A

N/A $254,250

$54,083 -78.73%

-37.50%

N/A

N/A

N/A $149,050

$70,000 -53.04%

N/A

N/A

N/A

N/A

N/A

N/A $149,050

N/A

N/A

$147,725 -57.85% N/A

N/A

SPRAGUE

All Sales

N/A

N/A

N/A

N/A

N/A

$70,000 -53.04%

STONINGTON 1 Family

1 4

6

-57.14%

36

29

-19.44%

Condo

1

0 -100.00%

2

2

0.00%

All Sales

2 4

13

-45.83%

62

45

-27.42%

50.00%

8

7

-12.50%

0

0

$380,000 N/A $358,750

$326,000 N/A $275,000

-14.21% N/A -23.34%

$300,500 N/A $271,750

$280,000 N/A $245,000

-6.82% N/A -9.84%

VOLUNTOWN 1 Family

2

3

Condo

0

0

2

5

150.00%

10

9

All Sales

N/A

N/A -10.00%

N/A N/A N/A

$105,000 N/A $90,000

N/A $174,950 N/A

N/A

N/A $147,466

$105,000 -39.98% N/A

N/A

$90,000 -38.97%

WATERFORD 1 Family

1 6

23

43.75%

57

65

14.04%

$222,000

$207,500

-6.53%

$208,000

$221,000

6.25%

Condo

4

6

50.00%

10

8

-20.00%

$138,000

$135,000

-2.17%

$138,000

$127,500

-7.61%

2 3

30

30.43%

74

77

4.05%

$207,000

$180,200

-12.95%

$184,000

$207,500

12.77%

-1.51%

All Sales

NEW LONDON COUNTY 1 Family

1 76

181

2.84%

509

508

-0.20%

$193,000

$178,900

-7.31%

$199,000

$196,000

Condo

2 1

27

28.57%

57

57

0.00%

$132,000

$135,000

2.27%

$125,000

$135,000

8.00%

2 50

292

16.80%

734

765

4.22%

$179,950

$164,950

-8.34%

$178,500

$176,000

-1.40%

All Sales

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

JUNE 2017 | THE COMMERCIAL RECORD | 27

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

ANDOVER 1 Family Condo All Sales

0 0 0

0 0 0

N/A N/A N/A

7 0 8

2 0 2

-71.43% N/A -75.00%

N/A N/A N/A

3 0 3

2 0 2

-33.33% N/A -33.33%

4 0 4

7 0 9

75.00% N/A 125.00%

2 0 2

-60.00% N/A -60.00%

12 0 13

11 0 14

-8.33% N/A 7.69%

14 -6.67% 0 -100.00% 16 -27.27%

27 3 42

29 2 37

7.41% -33.33% -11.90%

3 3 1 0

13 5 19

333.33% 66.67% 90.00%

15 5 32

27 6 41

7 0 7

12 1 14

71.43% N/A 100.00%

23 0 24

28 3 35

7 2 9

14 6 21

100.00% 200.00% 133.33%

19 6 27

32 13 50

7 1 1 0

4 1 6

-42.86% 0.00% -40.00%

21 4 27

4 3 1 4

8 100.00% 0 -100.00% 12 -14.29%

6 3 1 3

12 100.00% 0 -100.00% 15 15.38%

N/A N/A N/A

N/A $249,000 N/A N/A N/A $243,000

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

$245,000 N/A $245,000

N/A -100.00% $360,000 N/A N/A N/A N/A -100.00% $360,000

$255,000 -29.17% N/A N/A $255,000 -29.17%

$175,000 N/A $175,000

N/A -100.00% $185,500 N/A N/A N/A N/A -100.00% $175,000

$200,000 7.82% N/A N/A $175,000 0.00%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

5 0 5

COVENTRY 1 Family Condo All Sales

1 5 1 2 2

$209,900 N/A $176,200

$173,000 -17.58% $177,500 N/A N/A $258,250 $173,000 -1.82% $178,700

$165,000 -7.04% N/A - 100.00% $159,900 -10.52%

80.00% 20.00% 28.13%

$155,000 $98,500 $140,000

$248,339 $89,900 $195,000

$248,339 27.42% $86,450 -24.83% $205,000 10.24%

21.74% N/A 45.83%

$200,000 N/A $200,000

$224,500 12.25% $233,000 N/A N/A N/A $205,000 2.50% $227,000

$232,450 $139,000 $225,000

-0.24% N/A -0.88%

68.42% 116.67% 85.19%

$187,500 N/A $188,097

$201,500 $97,000 $186,000

7.47% $190,000 N/A $191,800 -1.11% $190,000

$188,000 $200,000 $188,000

-1.05% 4.28% -1.05%

15 1 22

-28.57% -75.00% -18.52%

$246,500 N/A $252,250

$243,375 N/A $243,375

-1.27% $253,000 N/A $364,950 -3.52% $261,600

$226,750 -10.38% N/A - 100.00% $215,875 -17.48%

20 3 38

16 1 27

-20.00% -66.67% -28.95%

$179,000 $125,000 $149,250

$132,250 -26.12% N/A -100.00% $67,750 -54.61%

$178,000 $125,000 $162,500

$136,935 -23.07% N/A - 100.00% $105,000 -35.38%

23 4 33

37 1 43

60.87% -75.00% 30.30%

$215,000 $79,000 $175,500

$260,500 21.16% N/A -100.00% $285,000 62.39%

$235,000 $79,500 $230,000

$230,000 -2.13% N/A - 100.00% $236,000 2.61%

1 0 1

2 0 2

100.00% N/A 100.00%

39 16 68

50 19 94

28.21% 18.75% 38.24%

6 0 9

6 2 9

217 41 326

262 48 385

ELLINGTON 1 Family Condo All Sales

60.22% -8.73% 39.29%

$194,900 $115,000 $185,950

HEBRON 1 Family Condo All Sales

MANSFIELD 1 Family Condo All Sales

SOMERS 1 Family Condo All Sales

STAFFORD 1 Family Condo All Sales

TOLLAND 1 Family Condo All Sales

UNION 1 Family Condo All Sales

1 0 1

1 0 1

2 2 1 0 3 6

16 6 29

0.00% N/A 0.00%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

VERNON 1 Family Condo All Sales

-27.27% -40.00% -19.44%

$151,750 $104,250 $143,000

$143,450 $113,200 $119,900

-5.47% 8.59% -16.15%

$149,000 $104,250 $143,000

$176,450 $119,900 $139,750

18.42% 15.01% -2.27%

WILLINGTON 1 Family Condo All Sales

0 0 0

1 0 1

N/A N/A N/A

0.00% N/A 0.00%

N/A N/A N/A

N/A N/A N/A

N/A $196,500 N/A N/A N/A $235,000

$196,000 -0.25% N/A N/A $192,000 -18.30%

TOLLAND COUNTY 1 Family Condo All Sales

8 0 2 3 1 30

99 19 138

23.75% -17.39% 6.15%

20.74% 17.07% 18.10%

28 | THE COMMERCIAL RECORD | JUNE 2017

$187,250 $104,500 $167,750

$197,000 $107,000 $186,000

5.21% 2.39% 10.88%

$193,500 $125,000 $187,250

$195,000 $113,500 $182,000

0.78% -9.20% -2.80%

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES MAR 2016

MAR %CHG 2016 2017 16-17 YTD

MEDIAN PRICE

2017 YTD

%CHG 16-17

MAR 2016

MAR %CHG 2016 2017 16-17 YTD

2017 %CHG YTD 16-17

13 0 16

4 1 5

-69.23% N/A -68.75%

$245,000 N/A $158,000

N/A -100.00% $175,000 N/A N/A N/A N/A -100.00% $164,950

$77,501 -55.71% N/A N/A $58,000 -64.84%

7 75.00% 0 -100.00% 9 0.00%

18 1 26

21 0 31

$163,500 N/A $152,000

$120,000 -26.61% $175,450 N/A N/A N/A $120,000 -21.05% $172,500

$180,000 2.59% N/A N/A $178,500 3.48%

6 0 9

1 0 1

-83.33% N/A -88.89%

12 0 16

13 0 16

8.33% N/A 0.00%

$179,950 N/A $153,000

N/A -100.00% $202,500 N/A N/A N/A N/A -100.00% $165,750

$188,500 -6.91% N/A N/A $187,250 12.97%

0 0 0

1 0 1

N/A N/A N/A

3 0 5

9 0 10

200.00% N/A 100.00%

N/A N/A N/A

N/A N/A N/A

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

$150,000 -2.53% N/A N/A $165,000 7.21%

2 0 3

0.00% N/A -25.00%

3 0 8

4 0 9

33.33% N/A 12.50%

N/A N/A $100,000

N/A N/A $214,000 N/A N/A N/A $248,465 148.47% $100,000

$224,233 4.78% N/A N/A $200,000 100.00%

1 0 4

N/A N/A 300.00%

3 0 7

2 0 6

-33.33% N/A -14.29%

N/A N/A N/A

N/A N/A $165,000

N/A - 100.00% N/A N/A $165,000 94.12%

ASHFORD 1 Family Condo All Sales

3 0 4

2 0 2

-33.33% N/A -50.00%

BROOKLYN 1 Family Condo All Sales

4 1 9

16.67% -100.00% 19.23%

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

2 0 4

HAMPTON 1 Family Condo All Sales

0 0 1

N/A $100,000 N/A N/A N/A $85,000

KILLINGLY 1 Family Condo All Sales

1 6 1 2 5

16 3 22

0.00% 200.00% -12.00%

36 3 59

44 7 72

22.22% 133.33% 22.03%

$136,250 N/A $140,000

$169,450 $165,000 $169,450

1 3 0 1 8

14 0 14

7.69% N/A -22.22%

29 0 39

37 2 51

3 0 5

2 0 3

-33.33% N/A -40.00%

8 0 14

6 0 9

6 3 1 1

4 4 9

-33.33% 33.33% -18.18%

21 8 39

21 7 36

0.00% -12.50% -7.69%

3 0 8

200.00% N/A 700.00%

4 0 4

7 0 12

75.00% N/A 200.00%

N/A N/A N/A

4 0 5

-20.00% N/A -44.44%

11 0 16

7 0 10

-36.36% N/A -37.50%

1 3 0 1 5

3 0 4

-76.92% N/A -73.33%

30 2 39

22 0 29

9 0 1 1

7 0 11

-22.22% N/A 0.00%

22 3 33

8 1 11

-20.00% N/A -21.43%

24.37% $141,250 N/A $127,000 21.04% $140,000

$157,250 $165,000 $157,250

11.33% 29.92% 12.32%

27.59% N/A 30.77%

$115,000 N/A $132,759

$131,250 14.13% $120,618 N/A N/A N/A $131,250 -1.14% $135,000

$153,000 26.85% N/A N/A $125,000 -7.41%

-25.00% N/A -35.71%

$186,500 N/A $186,500

N/A -100.00% $217,250 N/A N/A N/A $235,000 26.01% $155,400

$238,000 9.55% N/A N/A $246,000 58.30%

$126,000 144.08% $179,900 104.43% $151,000 88.75%

$147,000 $179,900 $149,000

PLAINFIELD 1 Family Condo All Sales

POMFRET 1 Family Condo All Sales

PUTNAM 1 Family Condo All Sales

$51,622 $88,000 $80,000

$125,000 $115,000 $135,000

17.60% 56.43% 10.37%

SCOTLAND 1 Family Condo All Sales

1 0 1

$89,000 N/A $75,000

N/A $146,000 N/A N/A N/A $146,000

$160,000 9.59% N/A N/A $114,500 -21.58%

$205,000 N/A $74,900

$159,200 -22.34% $198,000 N/A N/A N/A $133,400 78.10% $70,200

$185,000 -6.57% N/A N/A $166,500 137.18%

-26.67% -100.00% -25.64%

$160,000 N/A $160,000

$216,000 35.00% $166,575 N/A N/A N/A $194,000 21.25% $165,150

$192,000 15.26% N/A N/A $201,000 21.71%

24 2 40

9.09% -33.33% 21.21%

$90,000 N/A $90,000

$110,000 22.22% $133,000 N/A N/A $120,000 $117,500 30.56% $110,000

$112,500 -15.41% N/A - 100.00% $112,500 2.27%

13 2 29

28 1 36

115.38% -50.00% 24.14%

$222,840 N/A $220,000

$190,950 -14.31% $225,680 N/A N/A N/A $169,900 -22.77% $198,500

$237,000 5.02% N/A N/A $225,500 13.60%

226 19 350

249 20 372

10.18% 5.26% 6.29%

$144,900 $140,000 $135,000

$159,900 $172,450 $155,799

$170,000 $136,500 $164,000

STERLING 1 Family Condo All Sales

5 0 9

THOMPSON 1 Family Condo All Sales

WINDHAM 1 Family Condo All Sales

WOODSTOCK 1 Family Condo All Sales

1 0 0 1 4

WINDHAM COUNTY 1 Family Condo All Sales

9 1 5 1 36

75 8 107

-17.58% 60.00% -21.32%

10.35% 23.18% 15.41%

$152,000 $135,000 $143,700

11.84% 1.11% 14.13%

JUNE 2017 | THE COMMERCIAL RECORD | 29

FAIRFIELD COUNTY GOSSIP REPORT

1

Greenwich

2

New Canaan

Address: 712 Oenoke Ridge, New Canaan Price: $5,500,000 Size: 13,526 square feet on 4 acres Buyer: Andrew Hobson and Margaret Hobson Seller: Lisa Batten and Simon Batten Sold: 4/11/17

3

Greenwich

Address: 36 W. Brother Drive, Greenwich Price: $5,400,000 Size: 6,664 square feet on 0.78 acres Buyer: David Braun and Janine Braun Seller: Alexander Russo and Geraldine Russo Sold: 5/5/17

Address: 27 Doverton Drive, Greenwich Price: $6,450,000 Size: 11,692 square feet on 2.81 acres Buyer: Kristin Peck and Robert Peck Seller: Christopher Willcox and Dana Willcox Agent: Berkshire Hathaway N.E. Properties Sold: 4/28/17

4

Greenwich

Address: 15 Northway, Greenwich Price: $5,000,000 Size: 5,282 square feet on 0.4 acres Buyer: AB Squared LLC Seller: Colin Keeler and Helen Keeler Agent: Nora Giovati, Coldwell Banker Sold: 5/1/17

5

Westport

1 3 4

2

5 Address: 15 Buena Vista Drive, Westport Price: $4,872,500 Size: 4,357 square feet on 0.32 acres Buyer: Richard Sansone Seller: Bluewater Buena Vista LLC Sold: 4/21/17

The massive stone and shingle Georgian Colonial in this month’s top spot was built in 2007 and has six bedrooms, six full bathrooms and two half-baths. Located on nearly 3 acres in the private Sabine Farm Association, the home features a heated, four-car garage, 13 zones of heating and air conditioning and an oversized gourmet kitchen. The finished lower level has a wine room, a steam room and a sauna.

30 | THE COMMERCIAL RECORD | JUNE 2017

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NOMINATE A DESERVING COLLEAGUE TODAY! The Commercial Record values the positive impact women have on the Finance, Insurance, and Real Estate (FIRE) sectors, and we want to recognize them for their outstanding efforts. The Women of FIRE Award is

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designed to identify and celebrate the many trailblazers who lead the way for others in traditionally male-dominated industries. In order to do so, we need your help identifying this year’s Women of FIRE.

NOMINATIONS CLOSE

Nominating is easy and takes no time at all. All you need to do is fill out

End of day June 30, 2017

the CR Women of FIRE Nomination Form and tell us why you feel this individual should be considered. Self-nominations and multiple nominations are accepted. The nomination period closes June 30, 2017, at which point recipients will be selected by a panel of independent judges. Winners will be featured in a special section in the August issue of The Commercial Record and again at a special awards luncheon on August 23rd, 2017, at the Aqua Turf Club in Plantsville, Connecticut.

QUESTIONS? For more information contact The Warren Group today at events@thewarrengroup.com or call 617-896-5373 today.

THE 2016 WOMEN OF FIRE RECEPIENTS Diane Cantello, Vice President, Corporate Sustainability, The Hartford Financial Services Group, Inc., Lisa Casper, Director, Corporate Planning and Analysis, Webster Bank, Ginger Dean, Vice President, Litchfield County Commercial Real Estate, Emily Dreas, Wealth Management Regional Manager Director, Wells Fargo Bank, Patty Dyer, Vice President, Mortgage Lending, Union Savings Bank Meryl Freedman, Office Leader, VP of Sales, Berkshire Hathaway HomeServices New England Properties, Laurie Gervais, Executive Vice President & Chief Administrative Officer, Savings Institute Bank & Trust, Nancy Hancock, Partner, Executive Committee Member, Pullman & Comley, LLC, Melanie Joy, Senior Vice President, Head of Commercial Real Estate, United Bank, Victoria Kaplan, Real Estate Broker, Brian Realty Inc., Elizabeth Verna, Owner, Manager, Verna Properties, LLC, Margaret Wilcox, Vice President of Sales, William Raveis Real Estate Agency and Team Leader, Margaret Wilcox & Associates.

IT'S EASY AND ONLY TAKES A FEW MINUTES TO NOMINATE A DESERVING COLLEAGUE.