The Commercial Record - May 2016

MAY 2016

WWW.COMMERCIALRECORD.COM

REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

THE

ISSUE

ART

Twain House Brings Art, History Alive In Hartford

Developers Turn To Artistic Amenities In New Wave Of Mulitfamily Growth

First Function, Then Form In Banks’ Website Redesign

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2 | THE COMMERCIAL RECORD | MAY 2016

inside The Commercial Record’s Art Issue This issue of The Commercial Record explores art and artistry in all industries, from the very modern art of website design to the restoration of Mark Twain’s home into a historic museum.

6

The Art Of Good Design Financial institutions may often be viewed as antiquated and slow to adapt, but in the wilds of the Internet frontier, mobile banking presents a new set of challenges. As they look to the future, banks that wish to succeed must meet those challenges.

6

10 Art As Amenity Form and function meet in new multifamily building design, as builders and developers seek ways to stand out in a saturated field by offering more than the typical amenities.

14 Artful Homes Both a home and a historic museum, the Mark Twain House in Hartford is a restored piece of history with a story to tell.

10 8

news roundup

12 state statistics 16 c-changes 17 in person 18 top commercial transactions 20 trendlines

14

34 gossip report

MAY 2016 | THE COMMERCIAL RECORD | 3

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4 | THE COMMERCIAL RECORD | MAY 2016

from the editor

IN RECOGNITION OF ART, IN ALL ITS FORMS B

eauty may be subjective, but art demands recognition.

There are many shades of art and many shapes to an artist; some more subtle, some more overt. What usually springs to mind, of course, are the visual examples – a marquee building, an ornate sculpture, a well-loved literary classic – these are indeed works of art and are difficult to overlook.

On other end of the spectrum is artistry more nuanced. A well-run public meeting is a thing of beauty. A compromised reach without any of the parties feeling compromised is a delicate and difficult dance. And a clear and succinct contract is practically miraculous. Whenever something goes well, there’s an artist behind it.

While the visual arts may be more easily identified, all art should be recognized.

This is The Art Issue of The Commercial Record. In these pages we explore how developers are using art as an amenity to attract residents to new multifamily developments. When yoga studies and firepits become commonplace, it is the mural in the lobby or the frieze on the fourth floor that stands out.

We also take readers on a trip to the Mark Twain House and Museum. Once the home of Samuel Clemens (who famously wrote under the pseudonym of Mark Twain), the house has been lovingly restored to its glory. It now serves to remind visitors of both the great literary genius Twain and the humanity of the man Clemens.

Finally, crashing together in cyberspace are the Wild West of the Internet, where it often seems like anything goes and there are no rules, and the highlyregulated, law-abiding world of community banking. When a bank seeks to rebrand, its website must be a part of the conversation, and form, function and compliance all come into play. But this is the Internet and nothing there must

stay entirely within the lines; even within the boxes of regulation, compliance and the importance of finance management, local banks find ways to express their hometown pride and community spirit to elegant effect.

The staff of The Commercial Record recognizes and celebrates artists and artistry in all its forms, and invites readers to do the same. Contact us with stories and photos of the art you see on your commute, at your job and in your hometown, and help us showcase the talent of native artists, and the pride Connecticut residents take in their art. Submissions may be emailed to editorial@thewarrengroup.com or mailed to our Boston office, 280 Summer St., 8th Floor, Boston MA 02210.

We look forward to seeing your submissions and celebrating the artists among us. n

Cassidy Murphy Editorial Director Email: cmurphy@thewarrengroup.com

MAY 2016 | THE COMMERCIAL RECORD | 5

The Art Of Good Design

FUNCTION TRUMPS STYLE: WEBSITE REBRANDS START WITH MOBILE OPTIMIZATION Aim For Easy Navigation And A Hometown Feel

BY LAURA ALIX | COMMERCIAL RECORD STAFF

I

f you’re a bank today, you might be thinking about a rebrand.

And if you’re thinking about a rebrand, it’s impossible to avoid the issue of design. Let’s face it: good design is important, but unless you’re a designer, you might have trouble articulating precisely what makes a bank’s website or mobile app visually appealing. Is it the imagery? Or is it the use of particular colors and shading?

But before you consider edgy designs and beautiful pictures, designers say, your new site has to be mobile-optimized.

“You’re seeing a higher and higher percentage of web visits are via a smart device, so if your website isn’t responsive, it’s going to take too long to download and they’re just going to go to somebody else’s website,” said Madeline Anderson-Balmer, director of digital marketing at the Massachusetts-based advertising firm McDougall-Duval.

That also means that older styles that have text and hyperlinks tightly squished together aren’t going to resize well when viewed on a mobile phone, so your links should be what Anderson-Balmer calls “fat-finger friendly.”

And since consumers likely aren’t doing extensive research on their smartphones, your copy should be concise and “built with the sales funnel in mind,” she said.

But when it comes to creating a website that really pops, Mia Thurlow, creative director at McDougall-Duval, said that she sees the same challenges over and over in her work with community banks and credit unions.

“How do you make them all unique? A lot of the messaging, especially from credit unions, is community-based. How do you differentiate community-based on one versus another?” she said. “And for us, how do you make our look work financial yet friendly? A lot of them are smaller banks, so you don’t want them to look like Bank of America. You want it to have your hometown feel.”

That means Thurlow’s work might find her giving a small makeover to a credit union’s logo or traveling north to New Hampshire, where she could spend a day taking photos of mountains and small town scenery for a client’s new website.

Michael Tiedemann, creative director at 451 Marketing in Boston, is emphatic on at least one point: no stock imagery.

“It’s okay to start with pictures, but I try to avoid stock imagery,” he said. “Stock photos, when they first became very accessible to designers, there was such a flood of it because of how accessible it was. It was kind of cool and new and it gave smaller clients a higher quality of imagery than they used to have.”

6 | THE COMMERCIAL RECORD | MAY 2016

But now, Tiedemann says, stock photos are everywhere, and if you’re using them in your own materials, he’s pretty sure that your customers are going to recognize them from somewhere else.

“The fact is that when we see things we recognize, we often shut down,” he said.

“That’s a signal to our brain that this is not new information and we don’t need to pay attention. You have to be really careful about the imagery that you use.”

The way Tiedemann sees it, good design is more important than ever because increasingly, we use heuristics, or shortcuts – a stereotype or rule of thumb might be a good example – to make decisions.

“We’re relying on shorthand decision making to evaluate the businesses we do

“

We’re relying on shorthand decision making to evaluate the businesses we do business with and your audience is making decisions about where to put their money – that’s why it’s so significant.”

— Michael Tiedemann, Creative Director, 451 Marketing

business with,” he said. “And [your audience is] making decisions about where to put [their] money – that’s why it’s so significant.”

Thinking About The Big Picture Designers who work with banks and credit unions say that it’s really about the bigger picture. First, you need to have a good idea and you have to think about how your target audience will be navigating your website and in what context.

A landing page to your website might be tailored toward the customer looking for a transaction of some sort, while your “About Us” or “Newsroom” page will necessarily be tailored toward a different sort of audience.

“For me, a well designed anything starts with an idea. Otherwise it’s just graphic blandishment. When you have a concept or an idea, everything that supports that idea just falls out of it,” Tiedemann said.

And Thurlow says, “You need to really think about, more than the design almost, how you’re going to navigate through your site, and your design should follow that. Make it look friendly and simple and clean, yet serious.”

Besides original photos, Tiedemann also recommends clean design and typography and flat, full-bleed imagery with a singular focus.

But above all, designers say, it’s your brand that should count.

“In the banking and finance sectors, brand matters. When you’re talking about design, that becomes an extension of what that brand stands for,” Tiedemann said. “Whatever the design is, it does have to express that brand.” n Email: lalix@thewarrengroup.com

MAY 2016 | THE COMMERCIAL RECORD | 7

NEWS ROUNDUP 777 MAIN ST. TAKES TOP HONOR AT CREW CT AWARDS

IN HARTFORD, A SPEED DATING EVENT FOR HOUSING PRODUCTION

By Steve Adams

By Steve Adams The former Hartford National Bank building at 777 Main St. had become a symbol of the city’s declining office market before Fairfield developer Bruce Becker acquired the property in 2014.

Becker converted the vacant 26-tower designed by renowned modernist architect Welton Becket into 285 apartments and 60,000 square feet of commercial space.

“The lights are back on and 80 percent of the apartments are leased,” said Richard Mulready, principal at RM Bradley Management Corp., at this week’s 21st-annual Commercial Real Estate Women (CREW) CT – The Real Estate Exchange annual awards ceremony. “It’s a model of sustainable mixed-use development.”

The building at 777 Main St. took top honors at the event, which honors the state’s top real estate projects. The project team included Becker & Becker Assoc., 777 Main Street LLC, Winn Residential, Crosskey Architects and the Connecticut Regional Development Authority. 777 Main, the largest apartment complex in Hartford’s central business district, was designed to meet LEED platinum standards and has been listed on both the Connecticut and National Registers of Historic Places. Built in 1967, the office tower was last occupied by Bank of America in 2010.

“It stood out as a black eye on the city’s skyline for a few years, and represented a fairly big piece of the class B office space that was vacant,” Mulready said.

A speed dating-format event in Hartford brought together dozens of real estate developers with officials from 28 Connecticut communities that encourage multifamily housing.

Sponsored by the Hartford-based Partnership For Strong Communities, the program gave developers a series of 90-second snapshots of opportunities around the state, from wealthy suburbs to struggling former mill towns.

Nine years ago, the state enacted incentives for communities to encourage multifamily development. At least ten cities and towns have adopted Incentive Housing Zones and nearly 30 have at least a preliminary degree of participation in the program, said Kathryn Shafer, deputy policy director at the Partnership For Strong Communities.

Communities receive $20,000 for joining the program and additional grants from $15,000 to $50,000 based upon the number of housing units in a project. The funds can be used for any purpose. Some towns, such as Fairfield, enacted town-wide rezoning, while Old Saybrook targeted specific neighborhoods with an overlay district.

The program is designed to address a mismatch between housing types and lifestyle patterns that threatens Connecticut’s economic competitiveness and real estate values, housing advocates say.

THE MOST VIEWED ARTICLES IN APRIL • A Balancing Act • U-Haul Acquires Former GE Building In Plainville • Wallingford Man Charged With Defrauding Investors Of More Than $1.5M • Former Old Saybrook Business Owner Charged With Tax Fraud • A Passion For Small Business Banking

8 | THE COMMERCIAL RECORD | MAY 2016

• Connecticut Home And Condo Sales Rise In February As Prices Continue To Decline • Venture Capital Firm CEO Pleads Guilty To Wire Fraud • Bankruptcy Attorney Faces Embezzlement Charges • Stop & Shop To Relocate, Rebuild In Litchfield • In Hartford, A Speed Dating Event For Housing Production

EVENTS MALLOY CALLS FOR CLIMATE CHANGE PREPARATION IN BUILDING CODES

WILL YOU BE READY FOR UPCOMING HMDA CHANGES? Connecticut Mortgage Bankers Association May 26, 2016 ITBD Building, 185 Main St., New Britain Who should attend: Mortgage banking and real estate professionals More information: http://bit.ly/1NGrQ05

MID-YEAR MORTGAGE UPDATE The Warren Group June 16, 2016 Radisson Hotel, Cromwell Who should attend: Mortgage professionals More information: www.midyearmortgage.com or midyearmortgage@thewarrengroup.com

FORMER OLD SAYBROOK BUSINESS OWNER CHARGED WITH TAX FRAUD

As a result of global warming, the state is directing state agencies to develop new building code standards to better protect residential and commercial structures from damage caused by flooding and high winds, according to a statement from Gov. Dannel P. Malloy.

Malloy issued an executive order on Earth Day to instruct the Department of Administrative Services, the Department of Energy and Environmental Protection (DEEP) and the Insurance Department to work with the state building inspector to ensure that the next revision to the state building code contains standards that increase the resiliency of new and renovated homes and buildings.

SAGEWORKS POLL: BANKERS NOT FEELING TOO HOT ABOUT LOAN PRICING

By Laura Alix Only 35 percent of bankers recently surveyed by Sageworks said they felt confident in their loan pricing process, leading the company to raise concerns about whether bankers could do more to develop a clear pricing strategy.

“When 60 [percent] or 70 percent don’t feel good about their pricing …

Something’s wrong,” said Rob Ashbaugh, Sageworks’ senior risk management consultant.

The financial information company polled 317 bankers from across the country during a March 22 webinar about loan pricing. Nearly a quarter (23 percent) of respondents said they were underpricing their loans, 6 percent said they were overpricing their loans and 37 percent said they either weren’t sure or weren’t measuring their loan pricing process, the firm said.

Ashbaugh attributes some of that uncertainty to the current rate environment, combined with intense competition in the banking industry.

“I think people are really just trying to win deals. There’s a lot of pressure because spreads are low and there’s a lot of competition,” he said. “I don’t think a lot of banks really take the time to go in and build a pricing model.”

An Old Saybrook resident was arrested last month on a federal criminal complaint that charges him with one count of filing a false tax return.

The complaint alleges that on June 7, 2011, David Adams sold his partnership interest in an online floral business and received $4,708,419 as part of the net proceeds owed to him as a result of the sale. Although Adams told his accountant that he sold his partnership interest in 2011, Adams did not tell his accountant that he received $4,708,419. And his 2011 tax return did not include the $4,708,419 in income.

The complaint alleges that Adams also made false statements on his tax returns for years 2002, 2009 and 2012, and that Adams has an extensive history with IRS collections.

According to statements made in court, it is alleged that Adams owes approximately $4.7 million in back taxes, interest and penalties.

Adams appeared before U.S. Magistrate Judge Robert A. Richardson in Hartford and was released on a $500,000 bond secured by real property. The charge of filing a false tax return carries a maximum term of imprisonment of three years.

MAY 2016 | THE COMMERCIAL RECORD | 9

Blank Canvas

ART AS AMENITY

Multifamily Developers Look For Ways To Stand Out

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

W

hen designing the next generation of multifamily projects, many developers pay as much attention to common area amenities as the layout of the living units themselves.

But with fire pits, game rooms and yoga studios becoming standard issue in complexes from coast to coast, it’s getting harder to stand out. Incorporating original artwork in lobbies, common ar-

eas and exteriors is a strategy that some local developers are adopting to bring out the local flavor.

Middletown developer Centerplan Cos. called on New Haven-based archi-

10 | THE COMMERCIAL RECORD | MAY 2016

tects Svigals & Partners to design a distinctive sculptural element at College & Crown, a 160-unit apartment complex that opened last October in downtown New Haven.

“Centerplan was very progressive in their thinking from the beginning,” said Christopher Bockstael, a partner with the architectural firm. “Every (developer) goes right to the amenities: ‘My amenities are better than yours, and that’s how we’re going to make it different.’

These guys said, ‘How do we ground this so it has roots in New Haven?’”

Svigals focused on the history of the site, once located on the waterfront before parts of the harbor were backfilled to expand buildable sites. Founder and sculptor Barry Svigals collaborated with New Haven-based Randall Hoyt Design to design fiberglass panels mounted on the side of the 5-story complex. Adorned with laser-cut aluminum elm leaves and stems that represent the city’s three rivers –- West, Mill and Quinnipiac — the panels were fabricated by SIGNlite of North Haven.

Centerplan’s market research indicated that prospective tenants were attracted by the focus on local history, Bockstael said. That influenced the building design as well, with nods to New Haven’s brownstone architecture.

Fairfield-based developer Post Road Residential hired Boston branding agency Proverb to develop a theme for the Corsair, its conversion of a former aircraft parts factory in New Haven’s East Rock neighborhood into 235 loftstyle apartments.

“There’s so much new (multifamily) product coming online, so everybody’s struggling with how you can treat these things other than a commodity,” Proverb founder Daren Bascome said. “We’re being engaged by developers at a much earlier stage, ahead of architects, to help them understand who the consumer is and what resonates.”

Tapping into the property’s industrial past for inspiration was a natural theme, Bascome said. The name is derived from the building’s former role in the manufacture of propellers for the World War II fighter aircraft Corsair. Graphics and building finishes reflected the industrial focus, as Post Road Residential retained original concrete moldings and wooden beams in the 1880 structure.

Local lore informed amenities, such as a communal pizza oven, reflecting New Haven’s national reputation for superior pies.

“If you look at multifamily, all of these projects are becoming much more specific in terms of who they are for and

A frieze that wraps around the exterior of Continuum for Care’s new headquarters in New Haven reflects the nonprofit’s focus on community.

Centerplan’s market research indicated that prospective tenants were attracted by the focus on local history. That influenced the building design, with nods to New Haven’s brownstone architecture as well. the style of hospitality that might support them,” Bascome said. “In the same way someone would choose a hotel or a restaurant, these places are becoming an extension of the values of the people who occupy them.”

Commercial Office Buildings: Ripe For Opportunity?

Office buildings could be the next growth opportunity for artistic flourishes.

Continuum of Care Inc., a New Haven-based nonprofit social services agency, wanted a signature exterior for its new 30,000-square-foot headquarters at 109 Legion Ave. Developed by Centerplan Cos., the facility opened in April, consolidating various agency offices spread around the city.

Svigals architects met with staff, many of whom work as caregivers making

home visits to people with mental illness or intellectual disabilities, to understand the agency’s mission and employees’ motivations. Hearing their stories inspired designs for an aluminum frieze that wraps around three sides of the building, with themes of community set against an urban backdrop, Bockstael said. The agency adopted the theme on its literature and online materials.

“It’s a reminder to themselves that they are built for the community,” he said.

But many commercial developers and landlords remain leery of costs and uncertain of the return on investment.

Many assume that art installations run well into six figures, but eye-catching exhibits can be obtained for approximately $50,000, Bockstael said. n Email: sadams@thewarrengroup.com

MAY 2016 | THE COMMERCIAL RECORD | 11

STATE STATISTICS Number of Single-Family Sales by Price Range

10-Year Single-Family Sales 7,000

6,000 4,950

6,000

5,000 2,850

$700K+

1,800

1991

$500k-$699k

1996 2001 $400k-$499k

2006

2011

2016

$300k-$399k

1,500

$0-$299k 1,200

NUMBER OF SALES

NUMBER OF SALES

3,900

4,000

3,000

2,000

900 600

1,000

300

0 0

1991

1996

2001

2006

2011

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

2016

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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

Lis Pendens and Foreclosures by Month 2,000

Lis Pendens Foreclosure Deeds 1,500

1,000

500

0

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

2014

12 | THE COMMERCIAL RECORD | MAY 2016

2015

2016

Top 5 Lenders by Market Share Refinance Mortgages

Multifamily Median Price $300,000

Wells Fargo Bank NA | 2016 Rank: 1 | 2015 Rank: 2

2-Family 5.58%

3-Family

$240,000

5.66%

Quicken Loan Inc | 2016 Rank: 2 | 2015 Rank: 5

PRICE

$180,000

$120,000

5.51% $60,000

5.01% 0

Webster Bank | 2016 Rank: 3 | 2015 Rank: 3

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

4.46%

20-Year Residential Median Prices 5.24%

$300,000

Single-Family

Bank Of America FSB | 2016 Rank: 4 | 2015 Rank: 1 $240,000

Condo

3.86% $180,000

JPMorgan Chase Bank | 2016 Rank: 5 | 2015 Rank: 6

PRICE

5.83%

$120,000

3.32% $60,000

2.52% 0

2016

2015

*MarketShare percent includes loans through March for both years

96 97 98 99 00 01 02 03 04 04 06 07 08 09 10 11 12 13 14 15 16 *Statistics include median prices January - March All Years Source: The Warren Group

MAY 2016 | THE COMMERCIAL RECORD | 13

Artful Homes

LESSONS TO BE LEARNED AT TWAIN HOUSE

Caretakers Keep History Alive At The Mark Twain House In Hartford

BY JIM MORRISON | COMMERCIAL RECORD STAFF

B

uilt in 1874, the Mark Twain House in Hartford is as artful and rich in detail as everything the world-famous author wrote. It fell into disrepair after the Clemens family sold it in 1903 and was very nearly razed, but it has been restored to its original splendor and is a must-see for fans of Twain, and of architecture.

14 | THE COMMERCIAL RECORD | MAY 2016

From a distance, the painted brick and steep, multi-gabled, decorative slate roof signal this three-story home and carriage house sitting on the crest of a hill in Nook Farm (home to many literary figures) isn’t just another house.

In fact, looking out the front door of the Twain house, the house of another literary giant, Harriet Beecher Stowe, can be seen a short distance away.

The walls and ceilings in the grand foyer were stenciled by Connecticut native Charles Lewis Tiffany, whose jewelry store was already quite famous. Tiffany is credited with saying that “beautiful design makes for a beautiful life,” and that was certainly true in this house.

Samuel Langhorne Clemens, who wrote under the pseudonym of Mark Twain, spent lavishly on the construction of the house, which has 12 fireplaces and central heat, which was unusual for that time. It also has a burglar alarm, a telephone and a speaking tube on each floor, used to communicate with the servants in the kitchen below.

In fact, according to the museum tour guide, the Clemens family budgeted $20,000 to build the 25-room Gothic Victorian and it ultimately cost them $45,000, not including furnishings. In it, Mark Twain wrote some of his most famous works, including “The Adventures of Tom Sawyer,” “Life on the Mississippi,” “The Prince and the Pauper,” “A Connecticut Yankee in King Arthur’s Court,” and “The Adventures of Huckleberry Finn.”

Twain said of the house, “It is a home – and the word never had so much meaning before.”

The dining room features a sideboard that was hand-carved in Boston and a set of china that cost $150 (about $3,000 in today’s dollars). Twain and his wife, Olivia, hosted dinner parties nearly every night in that room.

Living History The floors throughout the home are level and don’t bounce at all like many homes its age. The tin tub had hot and cold running water and while the house didn’t have electricity, it did have gas lights throughout. In fact, Twain liked reading (and smoking) in bed so much that he had a gas extension tube to power a lamp at his bedside.

The Twains’ marital bed, which they bought in Venice for $200 in 1878, is has a large headboard with dozens of angels carved into it and was so nice, the couple slept facing it so they could see

the faces. Twain reportedly called it, “the most comfortable bedstead that ever was, with space enough in it for a family, and carved angels enough to bring peace to the sleepers, and pleasant dreams.”

Dr. Cindy Lovell, executive director of the Mark Twain House and Museum, said the bed is her favorite of the thousands of artifacts in the house.

“I love the idea of the daughters being allowed to remove the cherubs and dress them up as though they were dolls,” Lovell said. “I also love the fact that they slept facing the beautiful headboard.”

Guided “living history” tours are a new feature to the Twain house. Manager Betsy Maguire plays a hard-working, gossipy, maid in period dress named Lizzy, spicing up the highly informative tour of the home with lighthearted humor and stories and bits of conversation she “picked up” while eavesdropping in the course of her work.

The billiard room on the third floor was more than just a place to shoot pool with friends, it was also where Twain wrote. There’s a beautiful wooden writing desk facing the pool table, but Twain said he couldn’t write while constantly being reminded of something he’d rather be doing, so he instead wrote at a small, plain desk facing a wall. His pool table, typewriter, and other possessions are still there.

Lovell said the billiard room, along with the library, are visitors’ favorite rooms.

“It’s probably because they both reflect Sam’s character,” Lovell said. “In the library he told stories; in the billiard room he wrote them. Also, these are two rooms where he did his relaxing.”

Twain’s spending eventually outpaced his earning and in 1891 he left Hartford with his wife, Olivia, and their daughter Clara for Europe to earn money on the lecture circuit. Another daughter, Susy, was visiting the family home in 1896 and died there at the age of 24. Olivia was reportedly so grief-stricken, she was unable to live in the house after that. The Twains stayed in Europe until Olivia’s death in 1904 at 58. Mark Twain returned to Connecticut and died in Reddington in 1910 at the age of 74. n

On May 11, 1887, the menu for the Twains’ dinner party read:

Beverages Roman Punch Champagne Claret wine

First Course Clam on Half-Shell Shad Roe Balls with Creamed Shad Sauce Soft Shell Crabs

Main Course Creamed Sweetbreads in Port Wine Sauce Broiled Squab on Toast Parisian Potatoes Roast Lamb with Curry Cream Sauce Creamed Asparagus Molded Tomato Jelly with Mayonnaise

Dessert Fresh Strawberries in Cream Bonbons Candies Molded Ice Cream Flowers Coffee was served in the drawing room.

Email: jmorrison@thewarrengroup.com MAY 2016 | THE COMMERCIAL RECORD | 15

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES

TD Bank has promoted Tara M. Celani to vice president and retail market manager for the Greater Hartford region. Celani will be responsible for overseeing business development, sales management and employee development at the 18 TD locations across the region. The East Longmeadow, Massachusetts resident has 18 years of banking experience. She joined TD in 1998 and most recently served as senior human resources manager.

Torrington Savings Bank has hired Kathleen Katrenya as vice president of retail, sales and marketing. Previously, Katrenya was the regional branch administrator and first vice president of Naugatuck Valley Savings and Loan. Her responsibilities at Torrington Savings Bank will include overseeing the retail staff at the bank’s seven branches, as well as administrating the bank’s marketing objectives.

Waterbury-based Webster Bank has announced several promotions at the level of senior vice president throughout the company.

Frank Castagna, senior vice president, credit executive, joined Webster in 1998 as a senior underwriter and has 27 years of experience in banking. In his new position, he manages the underwriting process for the business banking group, with a team of 10. He has volunteered for several nonprofits including the United Way and REGAP. Karen Giusto, senior vice president, manager of underwriting and processing, joined Webster in 1996, and has more than 30 years of experience in mortgage banking. In this new position, she is responsible for managing the credit and operational functions of the residential and correspondent lending channels. On the side she volunteers as a dog handler for Educated Canines Assisting with Disabilities.

Heidi Otton, senior vice president and manager, secondary markets, joined Webster in 2002 as a trading analyst. In her new role, she is responsible for pricing all first mortgage loans, managing the interest rate risk on loans sold, and the pooling and sale of mortgage loans. Otton is a volunteer with the Healthy Kids Running Series.

Eric Unger, senior vice president, physical environments in the CIO group, joined Webster as a senior project manager in 2010 but has served as a consultant for Webster’s expansion in New York, Rhode Island, Massachusetts and Connecticut since 2001. Most recently, he managed HSA Bank’s Milwaukee expansion and the Boston expansion. His new responsibilities include all aspects of Webster’s physical environment. He serves as a committee chair and leader for Boy Scouts of America, Connecticut Yankee Council.

AWARDS & ACCOLADES

Morgan Stanley recently announced that Peter Chieco has been named to Barron’s list of America’s Top 1,200 Advisors: 2016 State-by-State. Chieco is a family wealth director and senior portfolio manager and wealth management and financial advisor in the firm’s Greenwich office. The designation is designed to highlight a select group of individuals who are screened on a number of criteria, including revenue produced for the firm and quality of service provided to clients.

16 | THE COMMERCIAL RECORD | MAY 2016

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

CANDACE CUNNINGHAM,

JENNIFER MARKS,

COUNSEL, ROBINSON + COLE A law school class piqued Candace Cunningham’s interest in commercial real estate, and reallife experience confirmed her knack at closing transactions.

What’s the fastest growing part of your practice?

Right now, most of the transactions have been generated by developers refinancing their properties. Because the commercial markets’ interest rates, especially the rates offered on the affordable housing properties by Freddie Mac and Fannie Mae, have been so low for the past few years, there are a lot of developers that have gone to refinance their existing indebtedness.

Are lenders pulling back from multifamily lending in any markets?

No, it just keeps getting stronger and market conditions are great. People always need apartments to live in and the affordable sector appears to be a growing need. So work is getting busier, if it’s possible.

PRESIDENT, BL COS. INC., MERIDEN Jennifer Marks’ responsibilities have expanded hand-in-hand with the growth of BL Cos., a Meridenbased transportation planning and civil engineering firm. Marks started out as a surveyor when the company had just eight employees.

Is the perception of commercial real estate as a male-dominated field changing?

It’s changing a lot. Women are becoming more vocal and more visible in the industry, particularly through our organization. We’re creating more visibility for women to be involved and we want to try to work women into our programming as moderators on panels.

Where are the best opportunities for job growth in commercial real estate in Connecticut?

We’re seeing activity with the wholesale distributors like Amazon that have come to our state. The shipping industry is expanding greatly; looking at the warehouse market, I definitely see growth there.

JULIE CORRADO,

STEVEN FERGUSON

REALTOR, COLDWELL BANKER

ASSISTANT VICE PRESIDENT, BUSINESS DEVELOPMENT OFFICER, FIRST COUNTY BANK

Julie Corrado closed a real estate deal every three days on average last year, making her the top Coldwell Banker agent in Connecticut and Westchester County, New York. She learned a lot about real estate from her father, who is also an agent, but she brings her own energy and drive to the role.

You’ve said that the average number of days on the market for your listings is 31, versus the statewide average of 73.

What’s your secret?

Your house should be sold in first two to three weeks on the market. As long as it’s priced correctly, we should be getting offers. I can sell properties in as-is condition, but it will take longer and sell for less. Today’s buyers want to move in and unpack; they don’t want to do any work.

Steven Ferguson entered the banking industry as a teenage, part-time teller with no idea what he wanted to do with his life, but as he moved up through the ranks, he realized that he loved to help small business owners.

What kinds of small businesses are thriving in your area?

Everybody has their own spin on what small business is like and how it looks, but I think the service industry will always be around. I think people will always need services, whether it’s a local car dealership or a pharmacy or a medical practice a law practice. People need service.

In my area, it’s a city, it’s quite affluent in many aspects, but at the end of the day, people look for service, so relationship building is key.

MAY 2016 | THE COMMERCIAL RECORD | 17

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

TOP 3 STATEWIDE 314-322 Fairfield Ave, Bridgeport.......... $7,800,000

88 Greenwich Ave, Greenwich............... $5,750,000

250 Webster Square Rd, Berlin............. $5,200,000

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

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

Use:............................................................ Auto Sales

Buyer: .................................... MVP Bridgeport Fairfield

Buyer:............................... 88 Greenwich Avenue Prop

Buyer: ............................ Bocada 250 Webster Sq LLC

Seller:..................................... Fairfield Avenue Parking

Seller: .................................. Nutmeg Investment Ptnrs

Seller: ...............................Morande Automotive Group

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

Date: ............................................................ 03/18/16

Mtg:........................ Ford Motor Credit Co $5,950,000

Total Assessed Value (2015): .....................$2,310,000

Total Assessed Value (2015):..................... $3,345,230

Date: ............................................................ 04/05/16

Lot Size: ......................................................... 41190sf

Lot Size: ........................................................... 3049sf

Total Assessed Value (2015):......................$2,044,200

Prior Sale: ........................................$680,000 (12/94)

Prior Sale:..................................... $4,750,000 (04/07)

Lot Size: ....................................................... 217800sf

FAIRFIELD 314-322 Fairfield Ave, Bridgeport... $7,800,000 Use:............................................. Commercial Building Buyer:.................................... MVP Bridgeport Fairfield Seller:..................................... Fairfield Avenue Parking Date:............................................................ 04/04/16 Total Assessed Value (2015): .....................$2,310,000 Lot Size:......................................................... 41190sf Prior Sale: ........................................$680,000 (12/94)

88 Greenwich Ave, Greenwich........ $5,750,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer:............................... 88 Greenwich Avenue Prop Seller: .................................. Nutmeg Investment Ptnrs Date:............................................................ 03/18/16 Total Assessed Value (2015): .....................$3,345,230 Lot Size:........................................................... 3049sf Prior Sale: .....................................$4,750,000 (04/07)

28 Sound View Dr, Greenwich........ $3,200,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer: .................................30-32 Greenwich Ave LLC Seller: ....................................... James B Dougherty Tr Date:............................................................ 03/28/16 Total Assessed Value (2015): ........................$333,410 Lot Size:........................................................... 1307sf Prior Sale: ........................................$310,000 (12/10)

15 Haynes St, Hartford................... $5,000,000 Use:.....................................................................Hotel Buyer: ................................. 225 Goodwin Square LLC Seller: .................................. Goodwin Square Building Mtg: ..................... Goodwin Square Buildi $2,500,000 Date: ............................................................ 03/16/16 Total Assessed Value (2015): ...................$11,833,920 Lot Size:.......................................................... 42779sf Prior Sale: .....................................$4,620,000 (06/15)

1062 Boulevard, West Hartford....... $2,700,000 Use:............................................... Apartment Building Buyer:.......................................... 1062 Boulevard LLC Seller: .......................................... Jerome Avenue LLC Date: ............................................................ 03/16/16 Total Assessed Value (2015): .....................$1,248,415 Lot Size: ......................................................... 27878sf Prior Sale: .....................................$3,808,000 (02/06)

427 Goshen Rd, Torrington.............. $875,000 Use:..................................................Industrial Building Buyer:.......................................... Bicron Holdings LLC Seller: .....................................Ducci Electrical Contrctr Mtg:...................................... Webster Bank $700,000 Date: ............................................................ 03/09/16 Total Assessed Value (2015):........................ $681,020 Lot Size:....................................................... 217800sf

235 E Canaan Rd, North Canaan..... $400,000 Use:..................................................Industrial Building Buyer: .................................. 235 East Canaan Rd LLC Seller: ........................................ M J Mulville&Sons Inc Mtg:.................................. Salisbury Bk & Tr $337,600 Date:............................................................ 03/10/16 Total Assessed Value (2015): ........................$309,610 Lot Size:....................................................... 813701sf

47 Main St, Portland........................ $612,000 Use:........................................Industrial Office Building Buyer:................................ Connecticut Pharmaceuticl Seller: ..........................................Mid-Port Bridge LLC Date: ............................................................ 04/01/16 Total Assessed Value (2015): ........................$454,930 Lot Size: ......................................................... 40075sf Prior Sale: ........................................$200,000 (01/13)

62 W High St, East Hampton............ $475,000 Use:............................................. Commercial Building Buyer:......................................... Stone Hill Realty LLC Seller: ...................................... ALM Realty Group LLC Mtg:........................... Chelsea Groton Bank $450,000 Date:............................................................ 04/05/16 Total Assessed Value (2015):........................ $342,810 Lot Size: ....................................................... 152460sf

HARTFORD 250 Webster Square Rd, Berlin...... $5,200,000 Use:............................................................ Auto Sales Buyer: ............................ Bocada 250 Webster Sq LLC Seller: ...............................Morande Automotive Group Mtg: ........................Ford Motor Credit Co $5,950,000 Date: ............................................................ 04/05/16 Total Assessed Value (2015): .....................$2,044,200 Lot Size: ....................................................... 217800sf

LITCHFIELD 341 East St N, Goshen.................... $1,250,000 Use:............................. Mixed Use-Prim Res & Comm Buyer: .................................... Ivy Mountain Ranch LLC Seller: ....................Robert J Victor & Christine D Victor Date:............................................................ 03/28/16 Total Assessed Value (2015):........................ $698,080 Lot Size:..................................................... 4384750sf Prior Sale:........................................ $525,000 (09/02)

MIDDLESEX 828 Newfield St, Middletown........... $627,500 Use:............................................. Commercial Building Buyer:.............................. CCPD Middletown Holdings Seller:................................... Newfield Building Partner Date:............................................................ 04/05/16 Total Assessed Value (2015):........................ $515,670 Lot Size:......................................................... 18295sf

18 | THE COMMERCIAL RECORD | MAY 2016

FEATURED PROPERTY 15 Haynes St, Hartford................................................................. $5,000,000 Use:................................................................................................................Hotel Buyer: .............................................................................225 Goodwin Square LLC Seller: ..............................................................................Goodwin Square Building Mtg: .................................................................Goodwin Square Buildi $2,500,000 Date: ........................................................................................................03/16/16 Total Assessed Value (2015): .............................................................. $11,833,920 Lot Size:..................................................................................................... 42779sf Prior Sale: ................................................................................ $4,620,000 (06/15)

NEW HAVEN 128 Cedar Ave, Waterbury.............. $4,840,000 Use:.......................................................Nursing Home Buyer: ..................................Waterbury Gardens Hldgs Seller:................................ Connecticut Subacute LLC Mtg:................................. Private B&T Co $4,400,000 Date:............................................................ 03/21/16 Total Assessed Value (2015): .....................$4,272,620 Lot Size: ....................................................... 112820sf Prior Sale: .....................................$9,433,000 (04/99)

1142 Chapel St, New Haven........... $2,300,000 Use:....................................... Retail-Department Store Buyer: ...............................................1142 Chapel LLC Seller: ............................................. Desimone Co LLC Date: ............................................................ 03/29/16 Total Assessed Value (2015): ........................$296,730 Lot Size:........................................................... 5040sf

487 Saw Mill Rd, West Haven......... $1,570,000 Use:............................................. Commercial Building Buyer: ...................................... Orion Venture 12 North Seller: .....................................Saw Mill Of West Haven Mtg: ............................................... Private B&T Co $1 Date: ............................................................ 03/16/16 Total Assessed Value (2015):........................ $630,000 Lot Size: ......................................................... 50094sf

207 Waterford Pkwy N, Waterford... $1,300,000 Use:............................................. Commercial Building Buyer: ...........................................................Atithi LLC Seller: ..................................................David A Piccolo Mtg:....................................... Putnam Bank $915,000 Date: ............................................................ 03/10/16 Total Assessed Value (2015): ........................$952,800 Lot Size: ....................................................... 135472sf Prior Sale: ............................................$1,700 (05/01)

125 Miner Pentway, Stonington....... $575,000 Use:..............................................................Farm Use Buyer:................................ Donald E Vail & Sally M Vail Seller: ...................... Edward F Miner Sr & Lori K Miner Date:............................................................ 04/01/16 Total Assessed Value (2015):........................ $241,760 Lot Size: ..................................................... 1814274sf

166 Union St, Vernon....................... $165,000 Use:....................................................Charity Property Buyer: ................................................. Vernon Town Of Seller: .....................................................Salvatio Army Date: ............................................................ 03/31/16 Total Assessed Value (2015): ........................$323,100 Lot Size: ......................................................... 43996sf

1265 Main St, Coventry.................... $60,000 Use:............................................. Commercial Building Buyer:......................................... Connecticut State Of Seller: ....................................................4T Realty LLC Date: ............................................................ 03/24/16 Total Assessed Value (2015): ........................$184,000 Lot Size:............................................................ 8276sf Prior Sale: ..........................................$80,000 (02/01)

190 Wauregan Rd, Killingly.............. $435,000 Use:.................................................Religious Property Buyer: ................................ Saint John Lutheran Chrch Seller: ...............................Danielson Cong Of Jehovah Date: ............................................................ 03/14/16 Total Assessed Value (2015):........................ $346,500 Lot Size: ....................................................... 230432sf

Crystal Pond Rd, Woodstock........... $335,000 Use:......................................................... Open Space Buyer:.......... Stephen G Gabriele & Lorraine E Gabriele Seller: .................................................Jeanne K Debell Date: ............................................................ 03/14/16 Total Assessed Value (2015): ...............................$840 Lot Size: ....................................................... 579348sf

NEW LONDON 6 Woods Dr, Norwich...................... $2,137,500 Use:............................................... Apartment Building Buyer:.............................................. Onderdonk 2 LLC Seller: ............................................... Sandbagger LLC Mtg: ........................JPMorgan Chase Bank $450,000 Date:............................................................ 04/05/16 Total Assessed Value (2015): .....................$1,186,400 Lot Size:....................................................... 383328sf

TOLLAND 83 W Stafford Rd, Stafford............... $600,000 Use:............................................. Commercial Building Buyer: ..................................... Mystic Oil Company Inc Seller:............................................ FL Roberts&Co Inc Date:............................................................ 03/22/16 Total Assessed Value (2016): ........................$280,490 Lot Size:......................................................... 43560sf

WINDHAM 300 River Rd, Putnam...................... $987,500 Use:............................................ Land-Vacant & Open Buyer:.................................. Strategic Commercial Rlty Seller:........ Elaine N Holohan & Bridget Holohan-Scally Date:............................................................ 03/28/16 Total Assessed Value (2016): ........................$125,100 Lot Size: ..................................................... 2101770sf Prior Sale: ........................................$450,000 (12/04)

MAY 2016 | THE COMMERCIAL RECORD | 19

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BETHEL 1 Family

1 2

7

-41.67%

31

32

3.23%

$272,000

$258,000

-5.15%

$295,000

$283,750

Condo

5

6

20.00%

16

11

-31.25%

$303,045

$360,000

18.79%

$301,473

$320,000

6.15%

2 1

23

9.52%

55

61

10.91%

$299,900

$302,839

0.98%

$302,595

$295,000

-2.51%

$154,450

4.71%

All Sales

-3.81%

BRIDGEPORT 1 Family

3 9

38

-2.56%

87

98

12.64%

$160,000

$156,500

-2.19%

$147,500

Condo

5

17

240.00%

20

42

110.00%

$117,500

$84,000

-28.51%

$78,000

7 7

91

18.18%

193

240

24.35%

$141,000

$126,500

-10.28%

$125,000

$125,050

0.04%

All Sales

$63,500 -18.59%

BROOKFIELD 1 Family

1 2

17

41.67%

29

35

20.69%

$352,500

$375,000

6.38%

$365,000

$345,000

-5.48%

Condo

3

6

100.00%

9

11

22.22%

$148,000

$208,900

41.15%

$159,000

$151,200

-4.91%

2 1

27

28.57%

58

56

-3.45%

$305,000

$370,000

21.31%

$315,000

$297,000

-5.71%

1 Family

2 5

30

20.00%

68

88

29.41%

$236,000

$259,900

10.13%

$243,400

$259,450

6.59%

Condo

2 6

26

0.00%

57

66

15.79%

$129,500

$201,500

55.60%

$165,000

$170,500

3.33%

6 2

84

35.48%

167

213

27.54%

$203,000

$255,500

25.86%

$241,000

$252,000

4.56%

1 7

15

-11.76%

41

49

19.51%

$1,245,000

$1,440,000

15.66% $1,200,000

$1,230,000

2.50%

$1,722,548

0.56%

All Sales

DANBURY

All Sales

DARIEN 1 Family Condo

2

1

-50.00%

7

7

0.00%

N/A

N/A

N/A $ 1,713,016

2 0

18

-10.00%

55

63

14.55%

$1,315,000

$1,470,000

11.79% $1,586,124

1 Family

6

10

66.67%

21

22

4.76%

$636,000

$595,750

Condo

0

0

0

0

N/A

N/A

6

13

116.67%

22

26

18.18%

$636,000

$600,000

-5.66%

$600,000

$595,750

-0.71%

5.50%

All Sales

$1,375,000 -13.31%

EASTON

All Sales

N/A

N/A

-6.33% N/A

$630,000 N/A

$595,750 N/A

-5.44% N/A

FAIRFIELD 1 Family

3 4

44

29.41%

105

89

-15.24%

$496,000

$599,000

20.77%

$545,000

$575,000

Condo

4

7

75.00%

16

18

12.50%

$297,450

$435,000

46.24%

$407,500

$313,500 -23.07%

4 6

60

30.43%

138

130

-5.80%

$445,000

$569,750

28.03%

$520,950

$540,000

All Sales

3.66%

GREENWICH 1 Family

2 7

17

-37.04%

71

57

-19.72%

$1,300,000

$1,200,000

Condo

5

15

200.00%

27

33

22.22%

$565,000

$750,000

4 1

38

-7.32%

118

108

-8.47%

$1,255,000

$1,102,500

1 Family

1 4

6

-57.14%

37

22

-40.54%

$373,250

$205,000

Condo

4

0 -100.00%

11

4

-63.64%

$230,750

9

-59.09%

53

36

-32.08%

$357,750

$205,000

$1,261,650

All Sales

-7.69% $1,350,000 32.74%

$565,000

-12.15% $1,141,250

$1,200,000 -11.11% $679,000

20.18%

$1,003,000 -12.11%

MONROE

All Sales

2 2

-45.08%

$349,000

$289,200 -17.13%

N/A -100.00%

$260,000

$244,750

$335,000

$289,200 -13.67%

-42.70%

-5.87%

NEW CANAAN 1 Family

1 2

12

0.00%

36

39

8.33%

$1,625,000

Condo

4

2

-50.00%

13

13

0.00%

$859,500

2 3

15

-34.78%

58

61

5.17%

$1,340,000

$1,235,000

15.38%

36

41

13.89%

$300,000

$225,000

2

2

0.00%

N/A

N/A

9.09%

$297,200

$223,125

All Sales

-22.36% $1,385,000

$1,425,000

2.89%

$829,000

$783,000

-5.55%

-7.84% $1,245,000

$1,235,000

-0.80%

N/A -100.00%

NEW FAIRFIELD 1 Family

1 3

15

Condo

0

0

1 7

16

-5.88%

44

48

-35.71%

66

63

-4.55%

$389,500

$347,500

1

2

100.00%

N/A

N/A

75

76

1.33%

$389,500

$320,000

All Sales

N/A

-25.00% N/A

$347,950

$292,000 -16.08%

N/A

N/A

N/A

-24.92%

$292,350

$283,000

-3.20%

-10.78%

$363,750

$347,000

-4.60%

N/A

N/A

N/A

$357,500

$342,500

-4.20%

NEWTOWN 1 Family

2 8

18

Condo

0

0

3 0

23

All Sales

N/A -23.33%

20 | THE COMMERCIAL RECORD | MAY 2016

N/A -17.84%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORWALK 1 Family

3 4

40

17.65%

101

111

9.90%

$358,000

$395,000

10.34%

$420,000

$395,000

-5.95%

Condo

2 9

17

-41.38%

71

55

-22.54%

$246,000

$240,000

-2.44%

$246,000

$250,000

1.63%

7 4

65

-12.16%

207

208

0.48%

$336,500

$355,000

5.50%

$355,000

$360,000

1.41%

1 Family

7

8

14.29%

20

18

-10.00%

$530,000

$710,000

33.96%

$550,000

$517,500

-5.91%

Condo

0

0

0

1

N/A

N/A

N/A

N/A

N/A

7

10

42.86%

22

24

9.09%

$530,000

$692,500

30.66%

$550,000

$517,500

-5.91%

All Sales

REDDING

All Sales

N/A

N/A

N/A

RIDGEFIELD 1 Family

1 7

18

5.88%

47

53

12.77%

$445,000

$482,500

8.43%

$618,800

$520,000 -15.97%

Condo

3

8

166.67%

12

17

41.67%

$142,750

$207,500

45.36%

$188,000

$225,000

19.68%

2 1

28

33.33%

69

74

7.25%

$441,000

$440,000

-0.23%

$500,000

$492,400

-1.52%

1 Family

2 1

27

28.57%

54

60

11.11%

$295,000

$266,000

-9.83%

$266,750

$287,500

7.78%

Condo

1 2

10

-16.67%

24

25

4.17%

$160,000

$272,000

70.00%

$167,500

$221,000

31.94%

45

12.50%

97

99

2.06%

$292,500

$266,000

-9.06%

$272,000

$276,000

1.47%

100.00%

8

11

37.50%

N/A

$447,500

N/A $482,500

$435,000

-9.84%

0

0

N/A

N/A

N/A

N/A

All Sales

SHELTON

All Sales

4 0

SHERMAN 1 Family

2

4

Condo

0

0

2

5

150.00%

8

13

62.50%

N/A

$400,000

All Sales

N/A

N/A

N/A

N/A

N/A $482,500

$400,000 -17.10%

STAMFORD 1 Family

3 9

48

23.08%

105

141

34.29%

$515,000

$495,000

-3.88%

$501,000

$545,000

8.78%

Condo

3 0

43

43.33%

92

111

20.65%

$251,500

$270,000

7.36%

$255,000

$290,000

13.73%

109

37.97%

243

313

28.81%

$359,900

$425,000

18.09%

$385,000

$435,000

12.99%

-5.29%

All Sales

7 9

STRATFORD 1 Family

3 1

45

45.16%

74

120

62.16%

$215,000

$220,000

2.33%

$217,450

$205,950

Condo

7

13

85.71%

24

31

29.17%

$167,000

$97,000

-41.92%

$183,000

$140,000 -23.50%

5 0

69

38.00%

131

183

39.69%

$202,000

$175,000

-13.37%

$213,000

$194,800

$364,500

0.76%

$337,550

$367,500

8.87%

N/A -100.00%

$323,500

$306,250

-5.33%

All Sales

-8.54%

TRUMBULL 1 Family

2 0

20

0.00%

48

70

45.83%

$361,750

Condo

3

1

-66.67%

6

4

-33.33%

$322,000

2 6

22

-15.38%

60

77

28.33%

$326,500

$364,500

11.64%

$329,000

$360,000

9.42%

1 Family

4

13

225.00%

19

24

26.32%

$532,500

$970,000

82.16%

$635,000

$715,000

12.60%

Condo

0

0

0

0

N/A

N/A

N/A

N/A

N/A

6

13

116.67%

23

25

8.70%

$532,500

$970,000

$648,375

$685,000

5.65%

24

14.29%

54

72

33.33%

$1,120,000

$1,115,125

-0.44% $1,118,988

0 -100.00%

5

6

20.00%

$690,000

8.00%

67

90

34.33%

$1,117,975

$1,175,000

All Sales

WESTON

All Sales

N/A

N/A

N/A 82.16%

WESTPORT 1 Family

2 1

Condo

3

All Sales

$1,185,000

5.90%

$650,000

$742,500

14.23%

5.10% $1,025,000

$1,185,000

15.61%

N/A -100.00%

2 5

27

1 Family

1 2

16

33.33%

30

25

-16.67%

$837,000

$910,000

Condo

1

3

200.00%

3

6

100.00%

N/A

$280,000

1 4

22

57.14%

38

36

-5.26%

$790,500

$779,500

-1.39%

WILTON

All Sales

8.72%

$867,500

$829,000

-4.44%

N/A $306,000

$350,000

14.38%

$829,500

$779,500

-6.03%

FAIRFIELD COUNTY 1 Family

4 47

492

10.07% 1,188

1,340

12.79%

$395,000

$405,000

2.53%

$420,000

$400,000

-4.76%

Condo

1 46

175

19.86%

416

465

11.78%

$233,000

$235,000

0.86%

$252,750

$245,000

-3.07%

832

13.97% 2,001

2,260

12.94%

$340,000

$342,250

0.66%

$355,000

$350,000

-1.41%

All Sales

7 30

MAY 2016 | THE COMMERCIAL RECORD | 21

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

AVON 1 Family Condo All Sales

1 4 3 1 9

16 10 28

14.29% 233.33% 47.37%

37 26 70

37 18 58

0.00% -30.77% -17.14%

$329,500 $420,000 $349,000

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

3.19% -55.36% -23.50%

$370,000 $203,500 $307,750

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

-3.51% -6.63% -5.93%

1 3 7 2 5

7 2 13

-46.15% -71.43% -48.00%

20 12 41

24 6 36

20.00% -50.00% -12.20%

$245,000 $245,000 0.00% $193,500 -100.00% $214,000 $260,000 21.50%

$222,500 $203,750 $215,000

$216,950 $239,350 $216,950

-2.49% 17.47% 0.91%

1 0 2 1 2

16 3 20

60.00% 50.00% 66.67%

37 7 47

50 9 66

35.14% 28.57% 40.43%

$172,000 N/A $172,000

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

1 7 3 2 4

38 8 55

123.53% 166.67% 129.17%

55 12 89

91 19 140

65.45% 58.33% 57.30%

$170,000 $70,000 $167,263

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

21 0 26

16 2 21

-23.81% N/A -19.23%

$190,000 N/A $149,900

$260,000 36.84% $251,900 N/A N/A N/A $290,000 93.46% $235,000

$259,500 3.02% N/A N/A $260,000 10.64% $274,500 $148,500 $262,098

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

3.49% $164,000 N/A $207,500 7.27% $174,000

$145,000 -11.59% $170,000 -18.07% $156,000 -10.34%

BRISTOL 1 Family Condo All Sales

-5.29% 38.57% -10.32%

$175,000 $77,450 $164,900

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

-7.43% 39.44% -9.79%

BURLINGTON 1 Family Condo All Sales

6 0 9

11 1 13

83.33% N/A 44.44%

3 1 6

7 3 11

133.33% 200.00% 83.33%

10 6 22

16 5 24

60.00% -16.67% 9.09%

$236,000 N/A $277,950

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

5 1 6

150.00% 0.00% 50.00%

2 1 6

10 2 14

400.00% 100.00% 133.33%

N/A N/A $182,000

$195,000 N/A $184,017

29 1 43

31.82% -50.00% 30.30%

71 8 108

87 7 127

22.54% -12.50% 17.59%

$111,800 N/A $135,000

$150,000 34.17% $120,000 N/A N/A $61,000 $153,000 13.33% $127,750

$142,000 18.33% $171,000 180.33% $142,000 11.15%

7 2 1 3

11 2 18

57.14% 0.00% 38.46%

17 5 29

17 3 30

0.00% -40.00% 3.45%

$135,000 N/A $134,000

$202,000 49.63% $135,000 N/A N/A $153,500 $193,500 44.40% $138,000

$200,000 $227,000 $177,000

2 1 9 3 5

34 7 43

61.90% -22.22% 22.86%

64 22 95

85 19 116

32.81% -13.64% 22.11%

$154,000 $168,500 $164,500

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

11.98% -9.79% 0.30%

$161,000 $144,500 $158,750

$160,000 -0.62% $125,000 -13.49% $153,500 -3.31%

18 10 34

5.88% 150.00% 25.93%

31 17 58

53 32 94

70.97% 88.24% 62.07%

$325,000 $172,500 $325,000

$302,450 $162,000 $277,500

-6.94% -6.09% -14.62%

$324,000 $180,000 $319,500

$307,500 -5.09% $174,000 -3.33% $258,755 -19.01%

2 1 9 3 5

33 10 49

57.14% 11.11% 40.00%

52 22 91

75 27 115

44.23% 22.73% 26.37%

$282,000 $205,000 $265,000

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

11.70% -25.49% -1.89%

$305,000 $181,250 $295,000

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

9 1 1 5

6 1 14

-33.33% 0.00% -6.67%

20 4 29

20 2 36

0.00% -50.00% 24.14%

$330,000 N/A $330,000

$242,500 -26.52% $296,200 $240,500 -18.80% N/A N/A $147,750 -100.00% $245,000 -25.76% $250,000 $227,500 -9.00%

20 7 64

42.86% -41.67% 4.92%

46 29 150

56 25 183

21.74% -13.79% 22.00%

$87,500 $81,950 $109,000

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

3 0 3

5 0 6

CANTON 1 Family Condo All Sales

18.64% $235,500 N/A $131,500 -6.46% $230,000

16.56% 12.93% 13.96%

EAST GRANBY 1 Family Condo All Sales

2 1 4

N/A N/A N/A N/A 1.11% $240,250

$250,950 N/A N/A N/A $192,500 -19.88%

EAST HARTFORD 1 Family Condo All Sales

2 2 2 3 3

EAST WINDSOR 1 Family Condo All Sales

48.15% 47.88% 28.26%

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

1 7 4 2 7

GLASTONBURY 1 Family Condo All Sales

3.93% -9.02% -8.47%

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

1 4 1 2 6 1

-21.37% -14.58% -1.15%

$87,500 $54,000 $109,000

$86,500 -1.14% $42,600 -21.11% $110,000 0.92%

HARTLAND 1 Family Condo All Sales

2 0 2

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

22 | THE COMMERCIAL RECORD | MAY 2016

66.67% N/A 100.00%

N/A N/A N/A

N/A N/A N/A

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

$286,000 33.02% N/A N/A $280,000 30.23%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

MANCHESTER 1 Family Condo All Sales

2 2 4 3 8

38 7 61

72.73% 75.00% 60.53%

68 12 104

91 28 156

33.82% 133.33% 50.00%

$163,000 $164,000 $160,000

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

-2.15% -48.17% -2.56%

1 1 2

-75.00% -50.00% -71.43%

9 2 14

9 1 11

0.00% -50.00% -21.43%

$407,250 N/A $236,000

28 1 54

-6.67% -50.00% 10.20%

76 15 136

85 13 163

11.84% -13.33% 19.85%

$127,500 N/A $120,000

$129,250 N/A $125,000

14 10 26

-26.32% -16.67% -25.71%

41 18 71

41 27 79

0.00% 50.00% 11.27%

$189,000 $147,100 $189,000

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

-4.78% -10.27% -16.01%

15 3 19

25.00% 0.00% 18.75%

23 8 37

23 8 43

0.00% 0.00% 16.22%

$223,000 $150,000 $184,450

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

8 21 32

33.33% 133.33% 88.24%

22 19 46

26 39 71

18.18% 105.26% 54.35%

$206,125 $130,000 $175,000

33 4 40

73.68% -20.00% 53.85%

47 11 61

57 14 76

21.28% 27.27% 24.59%

16 9 29

0.00% 800.00% 45.00%

33 7 49

46 18 73

39.39% 157.14% 48.98%

1 9 8 3 8

42 5 54

121.05% -37.50% 42.11%

50 14 97

83 18 127

8 7 1 6

6 1 9

-25.00% -85.71% -43.75%

21 11 38

61 9 82

41.86% -10.00% 43.86%

2 9 5 4 0

18 4 26

2 8 3 3 3

$159,200 $133,200 $155,000

$163,000 2.39% $108,000 -18.92% $158,000 1.94%

MARLBOROUGH 1 Family Condo All Sales

4 2 7

N/A -100.00% $264,500 N/A N/A N/A N/A -100.00% $210,500

$287,000 8.51% N/A N/A $270,500 28.50%

NEW BRITAIN 1 Family Condo All Sales

3 0 2 4 9

1.37% $124,950 N/A $52,500 4.17% $120,000

$132,000 $58,000 $125,000

5.64% 10.48% 4.17%

$189,000 $142,500 $184,000

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

0.53% 1.05% -4.92%

-26.01% -45.33% -13.26%

$195,388 $162,500 $190,000

$167,000 -14.53% $89,000 -45.23% $160,000 -15.79%

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

26.14% 34.62% 11.43%

$232,000 $137,500 $191,000

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

$335,000 $178,000 $290,820

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

-23.58% -4.52% -12.66%

$325,000 $178,000 $285,000

$260,000 -20.00% $137,500 -22.75% $251,000 -11.93%

$262,000 N/A $262,000

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

-7.82% $280,000 N/A $120,000 -31.30% $233,000

$250,500 -10.54% $123,000 2.50% $232,000 -0.43%

66.00% 28.57% 30.93%

$234,500 $193,000 $231,450

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

4.90% -34.97% 2.07%

$233,250 $172,750 $229,900

$249,000 6.75% $127,250 -26.34% $230,000 0.04%

16 9 35

-23.81% -18.18% -7.89%

$245,000 $108,500 $157,500

$220,000 -10.20% N/A -100.00% $159,500 1.27%

$230,000 $133,000 $193,750

$216,950 $162,000 $185,000

96 21 127

138 29 193

43.75% 38.10% 51.97%

$293,400 $201,000 $260,000

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

-2.52% 14.43% 4.79%

$264,250 $215,000 $258,000

$295,000 11.64% $152,500 -29.07% $282,500 9.50%

-37.93% -20.00% -35.00%

64 10 87

57 5 70

-10.94% -50.00% -19.54%

$260,000 $154,860 $210,000

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

-16.35% -55.96% -10.71%

$198,500 $154,930 $185,000

$230,000 15.87% $70,000 -54.82% $221,000 19.46%

29 7 44

3.57% 133.33% 33.33%

57 9 73

67 20 102

17.54% 122.22% 39.73%

$193,500 $72,000 $192,000

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

-7.49% 23.61% -14.06%

$179,900 $82,000 $173,000

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

-2.72% 45.73% -2.02%

8 1 11

14.29% -66.67% -8.33%

15 6 27

29 7 45

93.33% 16.67% 66.67%

$127,000 $119,900 $126,000

$133,950 5.47% N/A -100.00% $134,000 6.35%

$139,400 $128,950 $144,700

$153,724 $129,000 $162,000

10.28% 0.04% 11.96%

29.09% 1,108 14.62% 334 24.31% 1,831

1,410 412 2,310

27.26% 23.35% 26.16%

$203,000 $150,000 $187,000

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

$190,000 $150,000 $180,000

$199,950 $139,025 $180,000

5.24% -7.32% 0.00%

NEWINGTON 1 Family Condo All Sales

1 9 1 2 3 5

PLAINVILLE 1 Family Condo All Sales

1 2 3 1 6

ROCKY HILL 1 Family Condo All Sales

6 9 1 7

9.38% 23.64% 2.09%

SIMSBURY 1 Family Condo All Sales

1 9 5 2 6

SOUTH WINDSOR 1 Family Condo All Sales

1 6 1 2 0

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

-5.67% 21.80% -4.52%

WEST HARTFORD 1 Family Condo All Sales

4 3 1 0 5 7

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

7 3 1 2

HARTFORD COUNTY 1 Family Condo All Sales

4 40 1 30 7 24

568 149 900

-1.48% -0.67% -2.67%

MAY 2016 | THE COMMERCIAL RECORD | 23

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BARKHAMSTED 1 Family Condo All Sales

1 0 3

3 0 3

200.00% N/A 0.00%

5 0 8

6 0 7

20.00% N/A -12.50%

N/A N/A $160,000

$266,000 N/A $195,000 N/A N/A N/A $266,000 66.25% $210,000

$240,075 23.12% N/A N/A $260,000 23.81%

2 0 3

0.00% N/A 0.00%

5 0 7

5 0 8

0.00% N/A 14.29%

N/A N/A $220,000

N/A N/A $312,000 N/A N/A N/A $250,000 13.64% $312,000

$205,000 -34.29% N/A N/A $185,000 -40.71%

1 0 1

0 -100.00% 0 N/A 1 0.00%

3 0 3

1 0 5

-66.67% N/A 66.67%

N/A N/A N/A

N/A N/A N/A

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

0 0 0

1 0 1

N/A N/A N/A

1 0 2

2 0 2

100.00% 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

1 0 1

0.00% N/A 0.00%

1 0 2

2 0 2

100.00% 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

2 0 2

1 0 1

-50.00% N/A -50.00%

2 0 2

4 0 4

100.00% N/A 100.00%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

$232,500 N/A $232,500

N/A N/A N/A

7 0 8

4 0 7

-42.86% N/A -12.50%

9 0 13

10 0 14

11.11% N/A 7.69%

$315,000 N/A $317,500

$437,500 38.89% $315,000 N/A N/A N/A $410,000 29.13% $315,000

$270,000 -14.29% N/A N/A $224,500 -28.73%

8 0 9

7 0 10

-12.50% N/A 11.11%

13 0 16

16 1 22

23.08% N/A 37.50%

$200,000 N/A $205,000

$219,900 9.95% $195,000 N/A N/A N/A $233,450 13.88% $192,000

$267,500 37.18% N/A N/A $252,500 31.51%

1 0 2

1 1 3

0.00% N/A 50.00%

8 0 10

5 3 12

-37.50% N/A 20.00%

N/A N/A N/A

N/A N/A $291,000

N/A $537,500 N/A N/A N/A $517,500

$375,000 -30.23% $169,900 N/A $346,250 -33.09%

3 1 5

5 1 7

66.67% 0.00% 40.00%

8 2 13

13 1 20

62.50% -50.00% 53.85%

$265,000 N/A $265,000

$337,500 27.36% $272,500 N/A N/A N/A $235,000 -11.32% $275,000

$272,500 0.00% N/A N/A $238,500 -13.27%

3 0 4

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

9 0 12

1 0 1

-88.89% N/A -91.67%

$311,000 N/A $280,500

N/A -100.00% $222,000 N/A N/A N/A N/A -100.00% $222,000

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

BETHLEHEM 1 Family Condo All Sales

2 0 3

BRIDGEWATER 1 Family Condo All Sales

N/A - 100.00% N/A N/A $505,000 124.44%

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

1 0 1

CORNWALL 1 Family Condo All Sales

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

KENT 1 Family Condo All Sales

LITCHFIELD 1 Family Condo All Sales

MORRIS 1 Family Condo All Sales

NEW HARTFORD 1 Family Condo All Sales

1 0 2

4 1 11

300.00% N/A 450.00%

7 1 16

9 2 20

28.57% 100.00% 25.00%

2 1 6 3 5

21 4 30

0.00% -33.33% -14.29%

43 19 78

54 13 85

25.58% -31.58% 8.97%

1 0 1

3 0 3

200.00% N/A 200.00%

2 0 4

6 0 7

200.00% N/A 75.00%

N/A N/A N/A

$227,500 N/A $102,000

N/A $127,000 N/A N/A N/A $131,000

$225,000 77.17% N/A N/A $153,750 17.37%

NEW MILFORD 1 Family Condo All Sales

$260,000 $64,000 $230,000

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

-7.69% 49.10% -14.67%

$250,000 $88,000 $220,000

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

-0.10% 13.64% -4.55%

NORFOLK 1 Family Condo All Sales

24 | THE COMMERCIAL RECORD | MAY 2016

N/A N/A N/A

$95,000 N/A $95,000

N/A N/A N/A N/A N/A $108,750

$198,250 N/A N/A N/A $196,500 80.69%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORTH CANAAN 1 Family

2

0 -100.00%

3

4

Condo

0

0

0

0

4

2

-50.00%

7

10

42.86%

$137,500

40.00%

16

13

-18.75%

$222,000

0

3

All Sales

N/A

33.33% N/A

N/A

N/A

N/A $132,812

N/A

N/A

N/A

N/A -100.00%

N/A

$154,500 N/A

16.33% N/A

$132,812

$155,000

16.71%

$162,500

$164,900

1.48%

PLYMOUTH 1 Family

5

7

Condo

0

0

8

9

12.50%

23

22

-4.35%

1 Family

2

4

100.00%

5

7

40.00%

Condo

0

0

0

0

2

4

100.00%

11

11

0.00%

-66.67%

9

3

-66.67%

0

0

All Sales

N/A

N/A

$153,000

N/A

N/A

$102,000

$153,000

-31.08% N/A 50.00%

N/A $159,900

$140,000

N/A

$155,750

-2.60%

ROXBURY

All Sales

N/A

N/A

N/A N/A N/A

$595,000 N/A $595,000

N/A $275,000 N/A

N/A

N/A $225,000

$740,000 169.09% N/A

N/A

$740,000 228.89%

SALISBURY 1 Family

3

1

Condo

0

0

4

1

-75.00%

13

3

-76.92%

$223,750

1 Family

5

3

-40.00%

9

8

-11.11%

$850,000

Condo

0

0

0

0

7

4

-42.86%

14

10

-28.57%

$850,000 $232,800

All Sales

N/A

N/A

$228,000

N/A -100.00%

N/A

N/A

N/A

N/A -100.00%

$337,000 N/A

$200,000 -40.65% N/A

N/A

$550,000

$200,000 -63.64%

$600,000

$290,000 -51.67%

SHARON

All Sales

N/A

N/A

$252,000

N/A

N/A $313,500

-70.35% N/A

N/A

N/A

N/A

-63.12%

$465,200

$290,000 -37.66%

N/A -100.00%

$232,800

$225,000

THOMASTON 1 Family

3

1

-66.67%

11

8

-27.27%

Condo

1

2

100.00%

2

2

0.00%

4

4

0.00%

13

12

-7.69%

$168,900

$61,525

-63.57%

$215,000

$132,625 -38.31%

$134,000

$133,475

-0.39%

$123,000

$130,000

5.69%

$75,250

$74,950

-0.40%

$114,175

$119,000

4.23%

All Sales

N/A

N/A

N/A

N/A

N/A

-3.35% N/A

TORRINGTON 1 Family

2 0

30

50.00%

55

69

25.45%

Condo

2

4

100.00%

10

14

40.00%

2 7

42

55.56%

76

108

42.11%

1 Family

1

3

200.00%

2

5

150.00%

Condo

0

0

0

0

2

3

50.00%

5

7

33.33%

10

11

10.00%

1

0

-100.00%

-33.33%

16

12

-25.00%

$3,362,500

$437,500

-86.99%

$691,250

$460,000 -33.45%

$175,000

-27.84%

$190,000

$183,750

-3.29%

N/A -100.00%

$145,000

$164,250

13.28%

All Sales

N/A $133,000

$51,500 $130,000

N/A -2.26%

WARREN

All Sales

N/A

N/A 40.00%

N/A N/A N/A

$260,069 N/A $260,069

N/A

N/A

N/A

N/A

N/A

$260,069 N/A

N/A N/A

$72,500

$260,000 258.62%

-87.04% $1,756,250

$500,000 -71.53%

WASHINGTON 1 Family

3

4

Condo

0

0

6

4

All Sales

N/A

$3,375,000

$437,500

N/A

N/A

N/A

N/A

N/A

N/A

WATERTOWN 1 Family

2 0

19

-5.00%

38

44

15.79%

$242,500

Condo

5

2

-60.00%

7

6

-14.29%

$130,000

3 0

27

-10.00%

56

59

5.36%

$178,750

$175,000

-2.10%

$167,500

$180,000

7.46%

$96,500

$131,000

35.75%

$102,000

$120,000

17.65%

All Sales

WINCHESTER 1 Family

7

9

28.57%

13

25

92.31%

Condo

2

0 -100.00%

2

2

0.00%

30.00%

19

38

100.00%

$91,500

$95,000

3.83%

$102,000

$111,500

9.31%

$267,500

10.77%

$245,750

$297,500

21.06%

N/A -100.00%

$123,750

$120,500

-2.63% 27.28%

All Sales

1 0

13

N/A

N/A

N/A

N/A

N/A

N/A

WOODBURY 1 Family

5

6

20.00%

12

17

41.67%

$241,500

Condo

3

2

-33.33%

12

5

-58.33%

$100,000

8

12

50.00%

28

30

7.14%

$198,500

$172,500

-13.10%

$188,750

$240,250

All Sales

LITCHFIELD COUNTY 1 Family

1 28

140

9.38%

299

348

16.39%

$226,500

$192,100

-15.19%

$205,900

$198,250

-3.72%

Condo

2 0

17

-15.00%

56

52

-7.14%

$86,200

$102,000

18.33%

$94,750

$119,950

26.60%

1 88

206

9.57%

467

531

13.70%

$195,000

$168,500

-13.59%

$177,500

$169,900

-4.28%

All Sales

MAY 2016 | THE COMMERCIAL RECORD | 25

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

CHESTER 1 Family Condo All Sales

3 0 3

2 0 2

-33.33% N/A -33.33%

9 0 10

13 0 14

1 4 2 1 8

44.44% N/A 40.00%

$300,000 N/A $300,000

N/A -100.00% $325,000 N/A N/A N/A N/A -100.00% $323,125

$225,000 -30.77% N/A N/A $222,000 -31.30%

10 1 14

-28.57% -50.00% -22.22%

35 6 46

31 5 46

-11.43% -16.67% 0.00%

$226,500 N/A $200,000

$259,000 14.35% $240,000 N/A N/A $130,250 $252,650 26.33% $220,000

$253,000 5.42% $109,000 -16.31% $230,000 4.55%

9 10 24

350.00% 11.11% 50.00%

10 22 43

26 20 54

160.00% -9.09% 25.58%

N/A $142,154 $164,900

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

$221,250 -1.88% $115,000 -17.71% $160,050 0.16%

0 0 1

8 1 10

N/A N/A 900.00%

8 2 12

20 2 25

150.00% 0.00% 108.33%

N/A N/A N/A

$257,500 N/A $235,000

N/A $237,500 N/A N/A N/A $237,500

$242,250 2.00% N/A N/A $235,000 -1.05%

2 0 3

4 0 4

100.00% N/A 33.33%

5 1 9

14 1 15

180.00% 0.00% 66.67%

N/A N/A $314,000

$344,750 N/A $344,750

N/A $265,000 N/A N/A 9.79% $265,000

$234,500 -11.51% N/A N/A $273,000 3.02%

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

15 2 21

11 1 15

-26.67% -50.00% -28.57%

$240,000 N/A $215,000

N/A -100.00% $230,000 N/A N/A N/A N/A -100.00% $215,000

$228,000 -0.87% N/A N/A $228,000 6.05%

14 16.67% 0 -100.00% 17 21.43%

26 4 33

34 1 43

30.77% -75.00% 30.30%

$262,950 N/A $262,950

$205,200 -21.96% $262,950 N/A N/A $127,500 $210,000 -20.14% $250,000

$242,500 -7.78% N/A - 100.00% $245,000 -2.00%

CLINTON 1 Family Condo All Sales

CROMWELL 1 Family Condo All Sales

2 9 1 6

N/A $225,500 -27.90% $139,750 -5.83% $159,800

DEEP RIVER 1 Family Condo All Sales

DURHAM 1 Family Condo All Sales

EAST HADDAM 1 Family Condo All Sales

9 2 1 3

EAST HAMPTON 1 Family Condo All Sales

1 2 1 1 4

ESSEX 1 Family Condo All Sales

7 0 7

7 0 7

0.00% N/A 0.00%

12 0 14

18 3 26

50.00% N/A 85.71%

$379,900 N/A $379,900

$290,000 -23.66% $418,250 N/A N/A N/A $290,000 -23.66% $418,250

$290,000 -30.66% $215,000 N/A $274,000 -34.49%

4 0 7

16 0 16

300.00% N/A 128.57%

12 0 17

28 0 30

133.33% N/A 76.47%

$220,000 N/A $220,000

$245,000 11.36% $253,000 N/A N/A N/A $245,000 11.36% $240,000

$245,000 -3.16% N/A N/A $238,750 -0.52%

9 0 9

200.00% N/A 125.00%

8 0 11

15 0 16

87.50% N/A 45.45%

$260,000 N/A $322,500

$287,000 10.38% $317,250 N/A N/A N/A $287,000 -11.01% $385,000

$287,000 -9.54% N/A N/A $303,500 -21.17%

3 1 6

-57.14% N/A -14.29%

11 0 13

7 2 12

-36.36% N/A -7.69%

$235,000 N/A $235,000

$263,000 11.91% $235,000 N/A N/A N/A $172,250 -26.70% $235,000

$237,500 1.06% N/A N/A $233,750 -0.53%

22 13 42

-4.35% 333.33% 55.56%

43 16 71

52 34 104

20.93% 112.50% 46.48%

$190,000 $90,000 $169,900

$194,250 $92,000 $163,973

$192,500 0.79% $105,000 7.69% $150,000 -11.71%

5 2 14

-54.55% 100.00% -17.65%

27 2 36

13 5 32

-51.85% 150.00% -11.11%

$365,000 N/A $324,000

$290,000 -20.55% $350,000 N/A N/A N/A $325,000 0.31% $317,500

$350,000 0.00% $342,500 N/A $267,500 -15.75%

6 2 11

-14.29% 0.00% 0.00%

18 3 24

18 3 28

0.00% 0.00% 16.67%

$155,000 N/A $144,200

$218,750 41.13% $162,200 N/A N/A $97,500 $195,000 35.23% $162,200

$214,100 32.00% $205,000 110.26% $217,000 33.79%

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

3 0 4

MIDDLEFIELD 1 Family Condo All Sales

7 0 7

MIDDLETOWN 1 Family Condo All Sales

2 3 3 2 7

2.24% 2.22% -3.49%

$191,000 $97,500 $169,900

OLD SAYBROOK 1 Family Condo All Sales

1 1 1 1 7

PORTLAND 1 Family Condo All Sales

7 2 1 1

26 | THE COMMERCIAL RECORD | MAY 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

WESTBROOK 1 Family Condo All Sales

0 0 2

5 0 12

N/A N/A 500.00%

0 0 2

15 N/A 1 N/A 25 1150.00%

N/A N/A N/A

$243,000 N/A $162,500

N/A N/A N/A

N/A N/A N/A

$295,000 N/A $285,000

N/A N/A N/A

MIDDLESEX COUNTY 1 Family Condo All Sales

1 04 2 0 1 50

120 30 188

15.38% 50.00% 25.33%

239 58 362

315 78 485

31.80% 34.48% 33.98%

$240,000 $140,077 $220,000

$254,000 $103,500 $210,000

5.83% -26.11% -4.55%

$240,000 $129,750 $220,000

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

2.08% -4.70% 0.00%

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MAY 2016 | THE COMMERCIAL RECORD | 27

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

20 0 33

36 1 52

80.00% N/A 57.58%

$199,000 N/A $165,250

$164,950 -17.11% $177,250 N/A N/A N/A $163,750 -0.91% $163,500

$148,075 -16.46% N/A N/A $138,500 -15.29%

8 2 13

12 3 17

50.00% 50.00% 30.77%

N/A N/A $366,500

$202,500 N/A $250,000 N/A N/A N/A $190,000 -48.16% $210,000

$202,500 -19.00% $308,699 N/A $252,500 20.24%

$286,940 N/A $286,940

$288,880 -3.06% N/A N/A $288,880 -3.06%

ANSONIA 1 Family Condo All Sales

9 0 1 4

18 0 22

100.00% N/A 57.14%

BEACON FALLS 1 Family Condo All Sales

1 1 3

6 500.00% 0 -100.00% 7 133.33%

2 0 2

6 0 6

200.00% N/A 200.00%

6 0 6

9 0 9

22 15 43

37.50% 25.00% 34.38%

40 32 91

48 38 101

20.00% 18.75% 10.99%

1 8 6 2 5

17 1 20

-5.56% -83.33% -20.00%

53 14 74

47 12 70

3 2 5

5 2 13

66.67% 0.00% 160.00%

13 8 23

18 8 29

12.50% 60.00% 31.82%

1 6 2 2 3

21 2 30

2 9 1 0 4 6

22 5 31

1 8 0 2 0

22 3 28

2 6 8 4 4

36 16 60

2 2 7 2 5 5 4 0

BETHANY 1 Family Condo All Sales

50.00% N/A 50.00%

N/A N/A N/A

N/A $298,000 N/A N/A N/A $298,000

BRANFORD 1 Family Condo All Sales

1 6 1 2 3 2

$324,950 $162,500 $240,000

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

-16.45% -23.08% -11.46%

$304,100 $151,250 $250,000

$300,250 -1.27% $141,500 -6.45% $220,000 -12.00%

-11.32% -14.29% -5.41%

$346,950 $300,000 -13.53% $181,750 -100.00% $317,500 $289,950 -8.68%

$330,000 $157,500 $262,000

$279,900 -15.18% $174,000 10.48% $275,000 4.96%

16 7 42

23.08% -12.50% 82.61%

$145,000 N/A $128,000

$123,000 -15.17% $150,000 N/A N/A $90,500 $129,900 1.48% $128,000

$198,000 $114,000 $181,000

43 10 60

60 18 89

39.53% 80.00% 48.33%

$188,500 $158,000 $170,500

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

$175,000 $151,500 $179,000

$164,500 -6.00% $112,500 -25.74% $157,700 -11.90%

31.25% 0.00% 30.43%

38 8 56

54 4 68

42.11% -50.00% 21.43%

$420,000 N/A $368,850

$320,000 -23.81% $380,500 N/A N/A $276,750 $300,000 -18.67% $331,000

$303,750 -20.17% $79,250 -71.36% $292,500 -11.63%

-24.14% -50.00% -32.61%

77 21 114

91 21 129

18.18% 0.00% 13.16%

$206,000 $125,438 $181,000

$168,495 $110,000 $167,000

-18.21% -12.31% -7.73%

$169,990 -9.58% $97,500 -18.75% $162,000 -4.42%

37 0 39

53 7 67

43.24% N/A 71.79%

$393,612 N/A $436,112

$381,500 $245,000 $331,500

-3.08% $417,875 N/A N/A -23.99% $420,000

$385,000 -7.87% $226,000 N/A $345,000 -17.86%

38.46% 100.00% 36.36%

63 18 114

98 38 165

55.56% 111.11% 44.74%

$147,500 $114,500 $118,405

$132,000 $78,950 $115,000

-10.51% -31.05% -2.88%

$128,450 -11.41% $70,250 -23.39% $119,000 5.54%

4 2 9

100.00% 0.00% 28.57%

7 3 17

10 3 20

42.86% 0.00% 17.65%

N/A N/A $350,000

$209,000 N/A $303,000 N/A N/A $325,000 $290,000 -17.14% $303,000

$294,000 $450,000 $327,755

34 18 64

36.00% 260.00% 60.00%

57 32 112

112 36 172

96.49% 12.50% 53.57%

$255,000 $270,000 $257,500

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

41.75% -34.17% -0.97%

$260,000 $182,500 $242,500

$291,500 12.12% $164,250 -10.00% $267,500 10.31%

26 6 39

0.00% 20.00% 11.43%

51 12 72

49 10 78

-3.92% -16.67% 8.33%

$162,250 $55,000 $128,000

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

-6.63% -10.45% 15.45%

$167,500 $58,650 $145,000

$150,000 -10.45% $63,000 7.42% $141,000 -2.76%

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

32.00% 25.97% 41.41%

EAST HAVEN 1 Family Condo All Sales

1 6 5 2 2

-3.74% 28.16% 11.38%

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

$188,000 $120,000 $169,500

MADISON 1 Family Condo All Sales

22.22% N/A 40.00%

MERIDEN 1 Family Condo All Sales

$145,000 $91,700 $112,750

MIDDLEBURY 1 Family Condo All Sales

-2.97% 38.46% 8.17%

MILFORD 1 Family Condo All Sales

NAUGATUCK 1 Family Condo All Sales

2 6 5 3 5

28 | THE COMMERCIAL RECORD | MAY 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NEW HAVEN 1 Family Condo All Sales

1 3 9 5 1

27 8 79

107.69% -11.11% 54.90%

61 27 159

77 26 213

26.23% -3.70% 33.96%

$150,000 $50,000 $120,000

$175,000 $91,750 $150,000

6 4 11

50.00% 300.00% 120.00%

13 2 16

22 8 32

1 3 3 1 9

27 3 34

107.69% 0.00% 78.95%

31 4 43

5 0 6

7 0 10

5 1 8

7 40.00% 0 -100.00% 12 50.00%

16.67% 83.50% 25.00%

$140,000 $98,000 $140,000

$156,700 $107,750 $145,000

11.93% 9.95% 3.57%

69.23% 300.00% 100.00%

$281,500 N/A $278,000

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

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

-3.78% N/A -1.54%

49 8 73

58.06% 100.00% 69.77%

$200,000 $233,300 $233,300

$249,500 $305,000 $236,000

22 2 28

24 0 31

9.09% -100.00% 10.71%

$365,000 N/A $402,500

$268,000 -26.58% $300,000 N/A N/A N/A $310,000 -22.98% $336,000

$310,000 3.33% N/A N/A $370,000 10.12%

11 3 22

18 3 35

63.64% 0.00% 59.09%

$299,900 N/A $367,000

$250,000 -16.64% $299,900 N/A N/A $375,000 $177,500 -51.63% $367,000

$241,500 -19.47% $345,565 -7.85% $280,000 -23.71%

-12.50% N/A -30.77%

18 1 27

18 7 26

0.00% 600.00% -3.70%

$253,750 N/A $270,000

$270,000 N/A $285,000

$277,500 $412,644 $328,875

11 5 19

0.00% 150.00% 26.67%

22 6 36

29 11 52

31.82% 83.33% 44.44%

$225,000 N/A $222,500

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

15 17 35

87.50% -10.53% 16.67%

18 28 55

34 42 86

88.89% 50.00% 56.36%

$285,000 $132,500 $159,413

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

10.53% -18.87% 9.78%

$285,000 $119,500 $165,000

$333,750 $124,000 $179,750

17.11% 3.77% 8.94%

28 6 44

-3.45% -40.00% 0.00%

59 21 99

66 16 102

11.86% -23.81% 3.03%

$230,000 $137,500 $219,750

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

2.17% -15.91% 3.07%

$230,000 $149,500 $212,000

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

-1.30% -2.51% 6.13%

41 16 83

28.13% -46.67% -7.78%

113 52 242

143 36 257

26.55% -30.77% 6.20%

$99,833 $45,000 $66,012

$80,000 $48,750 $60,900

-19.87% 8.33% -7.74%

$97,000 $48,000 $75,250

$88,900 $50,200 $77,400

-8.35% 4.58% 2.86%

23 6 40

-11.54% 20.00% -6.98%

62 17 105

78 15 124

25.81% -11.76% 18.10%

$139,682 $76,200 $131,500

$152,000 $66,000 $159,375

8.82% -13.39% 21.20%

$147,568 $70,100 $135,000

$157,500 $72,000 $166,950

6.73% 2.71% 23.67%

13 0 17

62.50% N/A 112.50%

26 1 30

26 1 36

0.00% 0.00% 20.00%

$187,500 N/A $187,500

$187,900 N/A $187,900

0.21% $180,000 N/A N/A 0.21% $176,750

$183,250 1.81% N/A N/A $181,250 2.55%

4 0 5

300.00% N/A 150.00%

12 0 16

17 0 20

41.67% N/A 25.00%

N/A N/A N/A

$271,715 N/A $235,000

N/A $303,500 N/A N/A N/A $303,500

$370,000 21.91% N/A N/A $361,000 18.95%

27.84% 981 5.07% 324 22.55% 1,702

1,296 371 2,166

NORTH BRANFORD 1 Family Condo All Sales

4 1 5

-2.66% $278,000 N/A N/A -21.04% $243,750

NORTH HAVEN 1 Family Condo All Sales

24.75% 30.73% 1.16%

$244,000 $249,150 $250,000

$240,000 -1.64% $206,000 -17.32% $235,000 -6.00%

ORANGE 1 Family Condo All Sales

40.00% N/A 66.67%

OXFORD 1 Family Condo All Sales

PROSPECT 1 Family Condo All Sales

8 0 1 3

7 2 9

6.40% $243,750 N/A N/A 5.56% $270,000

13.85% N/A 21.81%

SEYMOUR 1 Family Condo All Sales

1 1 2 1 5

-6.67% $214,100 N/A $155,817 -5.62% $208,151

$200,000 -6.59% $95,000 -39.03% $167,950 -19.31%

SOUTHBURY 1 Family Condo All Sales

8 1 9 3 0

WALLINGFORD 1 Family Condo All Sales

2 9 1 0 4 4

WATERBURY 1 Family Condo All Sales

3 2 3 0 9 0

WEST HAVEN 1 Family Condo All Sales

2 6 5 4 3

WOLCOTT 1 Family Condo All Sales

8 0 8

WOODBRIDGE 1 Family Condo All Sales

1 0 2

NEW HAVEN COUNTY 1 Family Condo All Sales

3 70 1 38 6 52

473 145 799

32.11% 14.51% 27.26%

$200,751 $117,000 $167,375

$202,000 $110,000 $175,101

0.62% -5.98% 4.62%

$195,000 $120,000 $168,400

$197,000 $120,000 $176,000

1.03% 0.00% 4.51%

MAY 2016 | THE COMMERCIAL RECORD | 29

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

7 0 9

6 0 6

-14.29% N/A -33.33%

$222,000 N/A $222,000

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BOZRAH 1 Family Condo All Sales

3 0 3

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

N/A -100.00% $175,000 N/A N/A N/A N/A -100.00% $222,000

$181,500 3.71% N/A N/A $181,500 -18.24%

COLCHESTER 1 Family Condo All Sales

8 2 1 0

21 1 22

162.50% -50.00% 120.00%

21 4 30

45 6 56

114.29% 50.00% 86.67%

$234,950 N/A $209,800

$239,900 2.11% $204,000 N/A N/A $131,250 $237,450 13.18% $197,388

$235,000 $191,500 $230,000

15.20% 45.90% 16.52%

16 6 29

45.45% -14.29% 20.83%

27 10 53

43 7 63

59.26% -30.00% 18.87%

$230,000 $257,000 $230,000

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

$285,000 -3.72% $159,775 -26.62% $265,000 12.77%

4 0 8

4 0 6

0.00% N/A -25.00%

$190,000 N/A $190,000

N/A -100.00% $212,500 N/A N/A N/A N/A -100.00% $190,000

$197,450 -7.08% N/A N/A $222,500 17.11%

EAST LYME 1 Family Condo All Sales

1 1 7 2 4

31.30% -33.92% 6.52%

$296,000 $217,750 $235,000

FRANKLIN 1 Family Condo All Sales

3 0 3

1 0 1

-66.67% N/A -66.67%

GRISWOLD 1 Family Condo All Sales

8 1 1 4

6 1 10

-25.00% 0.00% -28.57%

10 2 19

15 6 31

50.00% 200.00% 63.16%

$170,000 N/A $112,902

$105,000 -38.24% $154,500 N/A N/A N/A $91,500 -18.96% $102,500

$103,000 -33.33% $99,950 N/A $100,000 -2.44%

1 6 9 2 9

19 2 25

18.75% -77.78% -13.79%

32 17 55

61 6 85

90.63% -64.71% 54.55%

$150,000 $99,000 $145,000

$158,000 5.33% N/A -100.00% $158,000 8.97%

$236,900 $126,250 $202,000

6 0 6

7 0 9

16.67% N/A 50.00%

11 0 12

17 0 22

6 0 8

10 2 12

66.67% N/A 50.00%

31 2 37

40 4 47

4 0 6

3 0 3

-25.00% N/A -50.00%

7 0 12

2 0 3

1 0 3

-50.00% N/A 0.00%

14 0 18

40.00% N/A 5.88%

GROTON 1 Family Condo All Sales

$244,000 $99,000 $176,100

-2.91% 27.53% 14.71%

LEBANON 1 Family Condo All Sales

54.55% N/A 83.33%

$193,000 N/A $193,000

$90,000 -53.37% $158,000 N/A N/A N/A $82,500 -57.25% $157,000

$155,000 -1.90% N/A N/A $151,500 -3.50%

29.03% 100.00% 27.03%

$171,750 N/A $206,750

$209,450 21.95% $178,500 N/A N/A N/A $186,750 -9.67% $177,000

$204,000 $42,000 $200,000

6 0 7

-14.29% N/A -41.67%

$125,000 N/A $124,450

$169,900 35.92% $169,900 N/A N/A N/A $169,900 36.52% $156,450

$171,400 0.88% N/A N/A $169,900 8.60%

3 0 4

2 0 5

-33.33% N/A 25.00%

N/A N/A $800,000

N/A N/A $570,000 N/A N/A N/A $435,000 -45.63% $685,000

N/A - 100.00% N/A N/A $295,000 -56.93%

24 1 35

33 0 43

37.50% -100.00% 22.86%

$99,500 N/A $110,000

$183,500 84.42% $139,500 N/A N/A N/A $176,150 60.14% $145,000

$172,300 23.51% N/A N/A $165,000 13.79%

20.00% 100.00% 11.11%

26 5 57

30 7 65

15.38% 40.00% 14.04%

$145,000 N/A $112,000

$108,250 -25.34% $151,250 N/A N/A $57,000 $117,500 4.91% $125,000

$124,750 -17.52% $132,000 131.58% $126,500 1.20%

-25.00% N/A -42.86%

13 0 18

14 0 19

$279,000 N/A $261,000

$126,744 -54.57% $262,000 N/A N/A N/A $163,372 -37.41% $257,950

$209,500 -20.04% N/A N/A $210,000 -18.59% $130,000 53.12% $90,000 -30.21%

LEDYARD 1 Family Condo All Sales

14.29% N/A 12.99%

LISBON 1 Family Condo All Sales

LYME 1 Family Condo All Sales

MONTVILLE 1 Family Condo All Sales

1 0 0 1 7

NEW LONDON 1 Family Condo All Sales

1 0 1 1 8

12 2 20

NORTH STONINGTON 1 Family Condo All Sales

4 0 7

3 0 4

7.69% N/A 5.56%

1 Family Condo

1 5 3

20 2

33.33% -33.33%

31 6

57 9

83.87% 50.00%

$114,900 $147,000

$112,250 -2.31% N/A -100.00%

All Sales

2 4

32

33.33%

48

90

87.50%

$118,950

$110,000

NORWICH

30 | THE COMMERCIAL RECORD | MAY 2016

-7.52%

$84,900 $128,950 $93,850

$110,000

17.21%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

MAR 2015

$417,500

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

OLD LYME 1 Family

6

2

-66.67%

15

9

-40.00%

Condo

1

0 -100.00%

2

0

-100.00%

All Sales

N/A

N/A -100.00% N/A

N/A

N/A -100.00%

$433,000 N/A

8

2

-75.00%

22

12

-45.45%

$385,000

1 Family

3

6

100.00%

9

10

11.11%

$279,000

Condo

0

0

0

0

6

8

33.33%

12

14

1 Family

1

1

0.00%

6

5

-16.67%

N/A

N/A

N/A $323,625

Condo

0

0

1

0

-100.00%

N/A

N/A

N/A

3

1

-66.67%

13

6

-53.85%

1 Family

2

1

-50.00%

3

8

166.67%

Condo

0

0

0

0

2

2

0.00%

3

10

$282,900 -34.67% N/A

N/A

$410,000

$306,450 -25.26%

$180,000

$204,500

PRESTON

All Sales

N/A

N/A 16.67%

N/A $310,000

$215,000 N/A $215,000

-22.94% N/A -30.65%

N/A $208,450

N/A

13.61% N/A

$178,000 -14.61%

SALEM

All Sales

N/A

$159,000

N/A -100.00%

$350,500

8.30%

N/A N/A N/A $275,000

$254,250

-7.55%

SPRAGUE

All Sales

N/A

N/A 233.33%

N/A

N/A

N/A $202,000

N/A

N/A

N/A

N/A

N/A

N/A $202,000

N/A

$149,050 -26.21% N/A

N/A

$149,050 -26.21%

STONINGTON 1 Family

1 7

14

-17.65%

35

36

2.86%

$237,500

Condo

4

1

-75.00%

9

2

-77.78%

$430,000

2 2

24

9.09%

52

63

21.15%

$241,250

-33.33%

4

8

100.00%

$202,000

0

0

All Sales

$380,000

60.00%

$259,000

N/A -100.00%

$455,000

$358,750

$300,500

16.02%

N/A -100.00%

48.70%

$276,500

$271,500

-1.81%

N/A -100.00%

$128,500

$174,950

36.15%

VOLUNTOWN 1 Family

3

2

Condo

0

0

3

2

-33.33%

4

10

150.00%

$202,000

All Sales

N/A

N/A

N/A

N/A

N/A

N/A -100.00%

N/A

N/A

$128,500

$147,466

N/A 14.76%

WATERFORD 1 Family

1 7

16

-5.88%

44

57

29.55%

$205,000

$222,000

8.29%

$199,475

$208,000

4.27%

Condo

4

4

0.00%

10

10

0.00%

$200,500

$138,000

-31.17%

$116,000

$138,000

18.97%

2 5

23

-8.00%

63

74

17.46%

$205,000

$207,000

0.98%

$170,000

$184,000

8.24%

All Sales

NEW LONDON COUNTY 1 Family

1 55

175

12.90%

363

506

39.39%

$205,000

$195,000

-4.88%

$205,000

$197,250

-3.78%

Condo

3 2

21

-34.38%

69

57

-17.39%

$163,000

$132,000

-19.02%

$129,000

$125,000

-3.10%

2 41

250

3.73%

566

734

29.68%

$189,000

$179,950

-4.79%

$184,500

$176,500

-4.34%

All Sales

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MAY 2016 | THE COMMERCIAL RECORD | 31

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANDOVER 1 Family Condo All Sales

3 0 4

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

7 0 11

7 0 8

0.00% N/A -27.27%

$194,900 N/A $182,825

N/A -100.00% $194,000 N/A N/A N/A N/A -100.00% $190,000

$249,000 28.35% N/A N/A $243,000 27.89%

4 0 4

3 0 3

-25.00% N/A -25.00%

10 0 12

4 0 4

-60.00% N/A -66.67%

$300,000 N/A $300,000

$245,000 -18.33% $223,000 N/A N/A N/A $245,000 -18.33% $180,000

$360,000 61.43% N/A N/A $360,000 100.00%

5 0 5

25.00% N/A 0.00%

10 0 14

12 0 13

20.00% N/A -7.14%

$251,500 N/A $280,500

$175,000 -30.42% $282,750 N/A N/A N/A $175,000 -37.61% $282,750

$185,500 -34.39% N/A N/A $175,000 -38.11%

15 1 22

66.67% 0.00% 57.14%

30 2 40

27 3 42

$220,000 N/A $234,800

$209,900 -4.59% $213,500 N/A N/A N/A $176,200 -24.96% $224,800

$177,500 -16.86% $258,250 N/A $178,700 -20.51%

5 0 9

3 3 10

-40.00% N/A 11.11%

13 0 20

15 5 32

15.38% N/A 60.00%

$189,500 N/A $207,000

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

-18.21% $189,500 N/A N/A -32.37% $220,750

$194,900 2.85% $115,000 N/A $185,950 -15.76%

2 0 5

7 0 7

250.00% N/A 40.00%

11 0 16

23 0 24

109.09% N/A 50.00%

N/A N/A $332,500

$200,000 N/A $332,500 N/A N/A N/A $200,000 -39.85% $327,250

$233,000 -29.92% N/A N/A $227,000 -30.63%

5 2 9

7 1 9

40.00% -50.00% 0.00%

17 5 25

19 5 27

11.76% 0.00% 8.00%

$176,900 N/A $129,000

$187,500 5.99% $225,000 N/A N/A $112,700 $188,097 45.81% $200,000

$190,000 -15.56% $165,700 47.03% $190,000 -5.00%

3 0 7

7 1 10

133.33% N/A 42.86%

12 0 18

21 4 27

75.00% N/A 50.00%

$283,000 N/A $283,000

$246,500 -12.90% $247,500 N/A N/A N/A $252,250 -10.87% $270,000

$253,000 $364,950 $261,600

2.22% N/A -3.11%

6 1 1 3

4 3 14

-33.33% 200.00% 7.69%

21 3 32

20 3 38

-4.76% 0.00% 18.75%

$162,450 N/A $159,900

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

10.19% $165,000 N/A $103,500 -6.66% $159,900

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

7.88% 20.77% 1.63%

1 1 0 1 4

6 3 13

-45.45% N/A -7.14%

19 2 27

23 4 33

21.05% 100.00% 22.22%

$193,700 N/A $189,750

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

11.00% $242,000 N/A N/A -7.51% $192,500

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

-2.89% N/A 19.48%

1 0 1

1 0 1

0.00% N/A 0.00%

3 0 5

1 0 1

-66.67% N/A -80.00%

1 3 1 0 2 7

22 10 35

31 16 57

39 16 67

25.81% 0.00% 17.54%

8 0 9

6 0 9

-25.00% N/A 0.00%

192 28 286

217 40 325

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

4 0 5

COVENTRY 1 Family Condo All Sales

9 1 1 4

-10.00% 50.00% 5.00%

ELLINGTON 1 Family Condo All Sales

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

N/A N/A N/A

N/A N/A N/A

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

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

VERNON 1 Family Condo All Sales

69.23% 0.00% 29.63%

$184,900 $92,250 $149,900

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

-17.93% 13.01% -4.60%

$164,000 $103,750 $150,000

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

-9.15% 0.48% -4.67%

WILLINGTON 1 Family Condo All Sales

3 0 3

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

$290,000 N/A $290,000

N/A -100.00% $258,000 N/A N/A N/A N/A -100.00% $226,000

$196,500 -23.84% N/A N/A $235,000 3.98%

TOLLAND COUNTY 1 Family Condo All Sales

6 9 1 4 1 15

80 22 129

15.94% 57.14% 12.17%

32 | THE COMMERCIAL RECORD | MAY 2016

13.02% 42.86% 13.64%

$207,000 $106,250 $193,700

$187,250 $104,250 $168,000

-9.54% -1.88% -13.27%

$208,000 $110,850 $198,000

$193,500 $120,000 $187,500

-6.97% 8.25% -5.30%

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES MAR 2015

MAR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

MAR 2015

MAR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ASHFORD 1 Family Condo All Sales

2 0 3

3 0 4

50.00% N/A 33.33%

7 0 9

13 0 16

85.71% N/A 77.78%

N/A N/A $71,000

$245,000 N/A $167,000 N/A N/A N/A $158,000 122.54% $160,000

$175,000 4.79% N/A N/A $164,950 3.09%

4 1 9

-66.67% N/A -47.06%

19 0 24

18 1 26

-5.26% N/A 8.33%

$170,500 N/A $126,000

$163,500 -4.11% $170,000 N/A N/A N/A $152,000 20.63% $142,500

$175,450 3.21% N/A N/A $172,500 21.05%

5 0 5

6 0 9

20.00% N/A 80.00%

12 0 14

12 0 16

0.00% N/A 14.29%

$198,250 N/A $198,250

$179,950 -9.23% $176,000 N/A N/A N/A $153,000 -22.82% $176,000

$202,500 15.06% N/A N/A $165,750 -5.82%

4 0 4

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

4 0 4

3 0 5

-25.00% N/A 25.00%

$175,950 N/A $175,950

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

$153,900 -12.53% N/A N/A $153,900 -12.53%

2 0 4

N/A N/A 300.00%

2 0 4

3 0 8

50.00% N/A 100.00%

N/A N/A N/A

N/A N/A $100,000

N/A N/A N/A N/A N/A $167,500

$214,000 N/A N/A N/A $100,000 -40.30%

0 -100.00% 0 N/A 1 -50.00%

2 0 4

3 0 6

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 $132,500

$100,000 N/A N/A N/A $92,500 -30.19%

25 5 44

36 3 59

44.00% -40.00% 34.09%

$146,700 N/A $146,700

$136,250 N/A $140,000

25 1 43

29 0 39

16.00% -100.00% -9.30%

$94,952 N/A $134,549

$115,000 21.11% $135,000 N/A N/A N/A $132,759 -1.33% $115,000

$120,618 -10.65% N/A N/A $135,000 17.39%

N/A N/A $178,000

$186,500 N/A $186,500

$217,250 22.05% N/A N/A $155,400 -2.88%

BROOKLYN 1 Family Condo All Sales

1 2 0 1 7

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

0 0 1

HAMPTON 1 Family Condo All Sales

1 0 2

KILLINGLY 1 Family Condo All Sales

1 1 0 1 7

16 1 25

45.45% N/A 47.06%

-7.12% $150,000 N/A $141,500 -4.57% $140,250

$141,250 -5.83% $127,000 -10.25% $140,000 -0.18%

PLAINFIELD 1 Family Condo All Sales

7 1 1 3

13 85.71% 0 -100.00% 18 38.46%

POMFRET 1 Family Condo All Sales

1 0 3

3 0 5

200.00% N/A 66.67%

3 0 13

8 0 14

166.67% N/A 7.69%

6 2 9

6 3 11

0.00% 50.00% 22.22%

6 3 20

21 8 39

250.00% $142,000 166.67% 95.00% $159,000

3 0 5

4 0 4

5 -28.57% 0 -100.00% 9 -10.00%

11 1 18

11 0 16

0.00% -100.00% -11.11%

1 1 5

13 1200.00% 0 -100.00% 15 200.00%

14 1 25

30 2 39

8 1 1 6

9 12.50% 0 -100.00% 11 -31.25%

19 1 44

10 66.67% 0 -100.00% 14 27.27%

N/A $178,000 N/A N/A 4.78% $160,000

PUTNAM 1 Family Condo All Sales

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

-63.65% $142,000 N/A $165,500 -49.69% $122,500

$125,000 -11.97% $115,000 -30.51% $135,000 10.20%

SCOTLAND 1 Family Condo All Sales

1 0 1

1 0 1

0.00% N/A 0.00%

33.33% N/A -20.00%

N/A N/A N/A

N/A N/A N/A

N/A $150,000 N/A N/A N/A $150,000

$146,000 -2.67% N/A N/A $146,000 -2.67%

$79,000 N/A $70,213

$205,000 159.49% $149,900 N/A N/A N/A $74,900 6.68% $117,500

$198,000 32.09% N/A N/A $70,200 -40.26%

114.29% 100.00% 56.00%

N/A N/A $197,000

$160,000 N/A $189,500 N/A N/A N/A $160,000 -18.78% $180,000

$166,575 -12.10% N/A N/A $165,150 -8.25%

22 3 33

15.79% 200.00% -25.00%

$137,900 N/A $105,158

$90,000 -34.74% $117,000 N/A N/A N/A $90,000 -14.41% $109,158

14 3 25

13 2 29

-7.14% -33.33% 16.00%

$287,500 N/A $213,500

$222,840 -22.49% $205,950 N/A N/A $167,000 $220,000 3.04% $167,000

$225,680 9.58% N/A - 100.00% $198,500 18.86%

166 15 296

226 19 349

36.14% 26.67% 17.91%

$158,000 $137,100 $146,700

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

$152,000 $135,000 $144,900

STERLING 1 Family Condo All Sales

7 1 1 0

THOMPSON 1 Family Condo All Sales

WINDHAM 1 Family Condo All Sales

$133,000 $120,000 $110,000

13.68% N/A 0.77%

WOODSTOCK 1 Family Condo All Sales

6 1 1 1

WINDHAM COUNTY 1 Family Condo All Sales

7 2 7 1 17

91 5 136

26.39% -28.57% 16.24%

-8.29% 2.12% -7.98%

$159,500 $141,500 $138,050

-4.70% -4.59% 4.96%

MAY 2016 | THE COMMERCIAL RECORD | 33

FAIRFIELD COUNTY GOSSIP REPORT

1

NEW CANAAN

2

NEW CANAAN

3

DARIEN

ADDRESS: 1248 Oenoke Ridge, New Canaan

ADDRESS: 597 Weed St., New Canaan

ADDRESS: 100 Long Neck Point Road, Darien

PRICE: $6,600,000

PRICE: $3,995,000

PRICE: $3,975,000

SIZE: 15,242 square feet on 3.71 acres

SIZE: 6,495 square feet on 1.03 acres

SIZE: 5,844 square feet on 1.17 acres

BUYER: George Pyne and Helene Pyne

BUYER: Scott DePetris and Kateri DePetris

BUYER: Elizabeth L. Parks and Gavin H. Parks

SELLER: Alexander R. Magaro and Diviya C. Magaro

SELLER: Homer D. Parkhill and Katrina L. Parkhill

SELLER: John C. Bailey and Prudence C. Bailey

AGENT: Becky Walsh, William Pitt Sotheby’s International Realty

SOLD: 3/31/16

AGENT: Gail Ord, Coldwell Banker SOLD: 3/29/16

SOLD: 3/28/16

4

WESTPORT

1 2

ADDRESS: 18 Moss Ledge Road, Westport PRICE: $3,814,242 SIZE: 3,908 square feet on 1 acre BUYER: Amanda B. Jakubowicz & Jason S. Jakubowicz SELLER: Mattera Construction AGENT: Debek Real Estate Services SOLD: 3/28/16

5

WESTPORT

3

ADDRESS: 7 Fraser Road, Westport PRICE: $3,625,000 SIZE: 7,235 square feet on 2.43 acres BUYER: Christina R. Seale and Daniel C. Seale SELLER: Denise S. Nesi AGENT: Jillian Klaff, Jillian Klaff Homes SOLD: 3/24/16

4 5

If there’s a residential amenity available that somehow didn’t make it into the home in this week’s top spot, there’s certainly room to install it. Built in 2005, this 20room New Canaan home has six en-suite bedrooms, seven fireplaces, and quartersawn, white oak floors. There is a chef’s kitchen, a 3,800-bottle wine cellar, and a master suite with his and hers walk-in closets. There’s a mahogany paneled library and a studio-quality custom nine-seat home theatre, a massage room, an exercise room, a dance/yoga studio, and many other features. Outside, there are rose, pear and vegetable gardens, an attached four-car garage, and a jetted hot tub.

34 | THE COMMERCIAL RECORD | MAY 2016

RUNNING A SUCCESSFUL FAMILY BUSINESS DOESN’T COME WITH AN INSTRUCTION MANUAL. If It Did, It Would Be As Easy As...

1.

2.

3.

Come Up With An Idea That You’ll Enjoy Doing For The Rest Of Your Life.

Convince A Family Member To Come Work With You.

Sit Back, Relax, And Watch The Money Start Rolling In.

WHEN: June 7- 8, 2016 WHERE: Omni Parker House

THAT’S WHY WE DESIGNED A CONFERENCE JUST FOR YOU!

REGISTER TO ATTEND Massachusetts Family Business magazine, the Family Business Association and The Warren Group are dedicated to honoring and educating family businesses throughout the region. On June 7-8, the New England Family Business Conference will be an opportunity to meet face-to-face with family business owners and managers who will gather to learn from their peers, hear from experts, study a variety of best practices and network. The program is designed for professional development and will feature high-end keynote speakers and a selection of educational breakout sessions with panels of family business owners sharing their knowledge.

VISIT WWW.NEFBC.COM TODAY FOR THE LATEST UPDATES. MAY 2016 | THE COMMERCIAL RECORD | 35

AUGUST 25, 2016

presented by

AQUA TURF CLUB

Women of

F I RE

OPP

ORTSPON UN SOR ITIE SH S A IP VAI LAB

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FINANCE | INSURANCE | REAL ESTATE

NOMINATE A DESERVING COLLEAGUE TODAY! At The Commercial Record, we value the impact women have on the Finance, Insurance and Real Estate (FIRE) sectors. The Women of FIRE Award is designed to identify and celebrate the

TO NOMINATE Visit www.thewarrengroupevents.com/crwof

many trailblazers who are leading the way for others in these once male-dominated areas. In order to do that, we need you to tell us – who is making significant contributions in your industry?

It’s easy and only takes a few minutes to nominate the

NOMINATIONS CLOSE End of day Friday, July 1, 2016

extraordinary woman you know. Simply tell us what makes her outstanding! Self-nominations are accepted and if you know more than one deserving woman, more than one nomination is allowed.

Nominations will close on July 1. Women of FIRE recipients are chosen through a very selective process and will be featured in a special section in the August issue of The Commercial Record and again at a special awards luncheon on August 25.

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

Keynote Speaker: Mary Barneby, Chief Executive Officer, Girl Scouts of Connecticut Mary Barneby has demonstrated leadership and a strong commitment to helping others through many facets of her life, including her successful career, where she has held senior roles for more than 30 years, and in not-for-profit organizations promoting women’s empowerment. She began her career in Girl Scouts as a girl in Brooklyn, New York. She attributes her drive for achievement in her adult life to the challenge of earning badges when she was young. In 2012, she became CEO of Girl Scouts of Connecticut.