The Commerical Record - October 2016

OCTOBER 2016

WWW.COMMERCIALRECORD.COM

REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

THE

BUILDING ISSUE

As Banks Downsize, Building Customer Connections Becomes Top Priority

Office Landlords Reinvest In Properties For Future

Crumbling Concrete Foundations Leave Homeowners With Little Help

OCTOBER 2016 | THE COMMERCIAL RECORD | 1

THE NATION’S LARGEST REGIONAL MORTGAGE CONFERENCE IS BACK!

13

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2 | THE COMMERCIAL RECORD | OCTOBER 2016

inside The Commercial Record’s Building Issue This month’s issue of The Commercial Record is all about building. Whether it’s strengthening customer relationships, correcting crumbling home foundations or planning office properties for the future, laying out the building blocks is an important step for every industry.

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14

The Human Touch As banks downsize branches, a focus on soft skills in employees becomes increasingly important.

10 Catastrophic Concrete Connecticut homeowners struggle under the weight of crumbling basements with little help from insurance companies or the government.

14 Renovations And Repositioning Office landlords are using capital improvement projects to invest in the future, helping to spur leasing velocity.

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18 Real Estate Coach Real estate professionals everywhere are invited to take part in Spruce Up Day to help make a difference in local communities.

8

state statistics

12 c-changes

20 The Nation’s Housing

13 in person

Depending on the homeowner’s view of the economy, the value of your home could affect how you vote.

16 news roundup 22 top commercial transactions

10

24 trendlines 38 gossip report

OCTOBER 2016 | THE COMMERCIAL RECORD | 3

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2014 | THE COMME RCIAL

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4 | THE COMMERCIAL RECORD | OCTOBER 2016

from the editor

BUILDING AND REBUILDING, FROM THE FOUNDATION TO THE COMMUNITY

A

t the beginning, of course, “building” meant “construction,” but there’s not a lot of new construction in Connecticut these days. So the editorial staff of The Commercial Record got a little creative with their themes for The Building Issue.

Steve Adams had perhaps the most obvious application of the topic. Connecticut’s cities do not lack for outdated and underutilized office buildings, and the capital improvements required to restore them to highest and best use – and attract tenants in the process – are under way across the state.

Not everything can be rehabbed so easily (if multimillion dollar repositioning projects can be termed “easy”). Real estate reporter Jim Morrison takes a look at what happens when a building crumbles. The foundations of hundreds of homes across the northern part of the state are crumbling and the homeowners are facing re-

pairs that could bankrupt them.

Attorney General George Jepsen’s office released a statement in mid-July saying it could not find sufficient evidence for claims of violation of the state’s consumer protection laws, which is unfortunate but perhaps to be expected of foundations poured, in some cases, more than 30 years ago. The AG’s office has been hard at work since, encouraging local insurers to participate in a program to offer some relief to affected homeowners.

Still the problem persists – and it could be worse than we know. The Connecticut Capital Region Council of Governments estimates the actual number of affected

concrete foundations could number in the tens of thousands.

Community financial institutions know the writing is on the wall for brick and mortar, so they are exploring ways to best utilize their physical plants. Some are turning to the so-called “branch of the future,” though what that actually looks like has yet to be fully realized. There are bank branches with every conceivable amenity – beer taps, coffee bars, iPad lounges, cafés, even miniature stores selling local history.

As technology quickly renders the functions of a community bank – and its staff – obsolete, it often seems FIs are experimenting with automated tellers and overhauling front-line staff in a desperate bid to stay relevant in a digital world.

But what if the way forward isn’t in diversification of use or technological gadgets, but rather a restoration of one of the oldest sale tenets in history – that of the relationship between customer and vendor? Finance reporter Laura Alix takes the theme one step further and explores what it means to build relationships with customers.

And finally, contributor Bernice Ross, CEO of RealEstateCoach.com, authored an article about a new initiative to build community. In the midst of “one of the most divisive and violent time periods in our history, a time where many feel helpless and that their dreams for the future may never be fulfilled, it can be tempting to give way to the pessimism,” she writes (quite tactfully).

Spruce Up Day is becoming a national reality. On Nov. 19, Ross invites all real estate professionals, affiliates and vendors to participate in a massive grassroots effort to restore a little hope in scary time. The idea is to bring together neighbors and rebuild our communities – another foundation, it could be argued, that is crumbling.

Cassidy Murphy Editorial Director Email: cmurphy@thewarrengroup.com

OCTOBER 2016 | THE COMMERCIAL RECORD | 5

The Human Touch

BUILDING CUSTOMER CONNECTIONS

As Banks Downsize Branches, A Focus On Soft Skills In Employees

6 | THE COMMERCIAL RECORD | OCTOBER 2016

BY LAURA ALIX | COMMERCIAL RECORD STAFF

M

uch ink has been spilled over the transformation of the branch, but as consumer preferences have shifted in recent years, bankers are also changing the way they train their front-line staff – with the intent of ultimately building better relationships with their customers.

You know the story by now: with an increasing array of digital channels, the traditional teller line is now outmoded, replaced with smaller, high-tech and often eco-friendly branches that more resemble an Apple store than a bank branch.

Sure, the physical footprint of the branch itself is important, but bankers also think the human touch could be part of the key to building relationships that put their bank top of wallet.

Simsbury Bank, for instance, experimented with a smaller, high-tech branch staffed by cross-trained universal bankers in West Hartford early this year. President and CEO Martin J. Geitz raved about the success of the bank’s new West Hartford branch and said Simsbury Bank would be rolling out that approach to all of its branches.

“We’re training everyone now to be able to handle transactions, as well as provide great advice to our customers for whatever their needs are,” he said.

Simsbury Bank has taken advantage of a universal banker training program created by the American Bankers Association and supplements that with training programs out of a Connecticut-based firm called Learning Dynamics.

“Now we’re training the tellers to be able to handle the entire conversation and over time,” Geitz said. “Certainly we’ll continue to handle transaction as quickly as the customer wants it to be handled, but the person who’s handling that will also be able to have those bigger conversations. There’s no need to hand off the customer to somebody else. There’s no need to schedule time to come back. So it provides a better experience for the customer.”

In other words, bankers increasingly want their front-line employees to be able to converse with their customers and listen for clues that might tip them off to an impending need the bank can meet.

Count Norwich-based Chelsea Groton Bank among those banks.

“The industry is changing, the regulations are changing, the laws, the technology is changing,” said Lori Dufficy, senior vice president and director of sales and service. “We train every single day in retail banking because look at technology alone and our use of technology. If you have one simple software upgrade, that is going to require training.”

“

“We need to make sure we’re continually training our employees on really asking the right questions in an environment that fosters comfort. There’s no judgment here. We want people to come in and just be honest and say, ‘This is what’s wrong,’” Dufficy said.

“A lot of people don’t want to talk about their finances, so we want to create this safe and trustworthy environment where they’re able to talk to us. A lot of times it’s many, many conversations because we don’t want to overwhelm them.”

That often begins in the hiring process, she said. It means teasing out whether those potential employees enjoy working with people or whether they’re more comfortable working alone on a project for hours at a time.

A lot of people don’t want to talk about their finances, so we want to create this safe and trustworthy environment where they’re able to talk to us. A lot of times it’s many, many conversations because we don’t want to overwhelm them.”

— Lori Dufficy, senior vice president, director of sales and service, Chelsea Groton Bank

To meet the frequent need, she said that Chelsea Groton takes advantage of both classroom training and online curricula, so that employees aren’t taken out of the branch any more than is necessary.

Soft Skills Wanted While many customers have grown accustomed to using self-service banking channels, they still often seek out advice from an actual person when they’re facing a life event or when they think something might be wrong with their account. That means that so-called soft skills – like written and verbal communication skills and the ability to work with other people – are an increasingly valuable asset for front-line bank employees.

At Chelsea Groton, that even comes down to little things like greeting customers by name and presenting one’s self professionally, Dufficy said.

From there, Chelsea Groton assigns each new employee to a mentor or coach to guide them through that initial training period, which encompasses time spent observing in the branch, classroom training and further training in the branch.

While Geitz thinks the human connection banks offer (when customers want it, of course) will also give traditional depository institutions leverage in competing with fintech companies, he acknowledged that sometimes the transition isn’t always made so easily.

“Asking a platform person to take on teller responsibilities and asking a teller to take on platform responsibilities, in both ways there are some who find it a little more daunting,” he said. “But I would say certainly the majority of our team is embracing it and we’re very pleased that that’s the case.” n Email: lalix@thewarrengroup.com

OCTOBER 2016 | THE COMMERCIAL RECORD | 7

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

Top 5 Credit Unions Market Share: All Mortgages

2,000 American Eagle FCU | 2016 Rank: 1 | 2015 Rank:1

NUMBER OF SALES

1,600

22.38%

21.42%

1,200

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

800 13.13%

400 13.11%

0

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

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

7.89%

Condo Sales By Price Range 7.08%

6,200 $700K+

5,580

$500k-$699k

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

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

4,960

NUMBER OF SALES

$150k-$299k

5.77%

$10K-$149k

4,340

5.18%

3,720 3,100

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

2,480

5.69%

1,860 1,240

6.13%

620

2016 0

1991

1996

2001

2006

2011

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

8 | THE COMMERCIAL RECORD | OCTOBER 2016

2015

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

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 11,000

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

8,800

3.57%

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

2.83%

NUMBER OF SALES

3.63%

6,600

4,400

2,200 2.58%

0

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

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

2.75%

Multifamily Home Sales 3.15%

2,400

2-Family

3-Family

First World Mortgage | 2016 Rank: 4 | 2015 Rank: 7

2,000

2.44% LoanDepot.Com | 2016 Rank: 5 | 2015 Rank: 12

2.56%

NUMBER OF SALES

2.6%

1,600 1,200 800 400

1.96%

2016

2015

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

0

06 07 08 09 10 11 12 13 14 15 16

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

OCTOBER 2016 | THE COMMERCIAL RECORD | 9

Catastrophic Concrete

CONCRETE BASEMENTS IN CONNECTICUT ARE CRUMBLING Homeowners Left With Six-Figure Bill And No Help Photos courtesy of CCACB

BY JIM MORRISON | COMMERCIAL RECORD STAFF

S

ince 1992, hundreds of northern Connecticut homeowners have discovered the concrete foundations that support their homes are crumbling and have to be replaced. So far, neither homeowner’s insurance nor the government have stepped up to help them with the cost of the repairs, which can run between $150,000 and $250,000.

The first homeowner to discover the problem was Linda Tofolowsky, who coowns a power-washing company with her husband. They bought a Tolland home

in 1984, built the year before, and moved right in. Linda noticed cracks in the concrete foundation in 1992 and immediately called the builder, who told her to

10 | THE COMMERCIAL RECORD | OCTOBER 2016

keep an eye on it.

The cracks worsened and an expert told her the foundation had to be replaced. Their insurance company denied the claim. The Tofolowskys combined money from a HUD loan, an inheritance and their retirement fund to replace the foundation. They lived in a camper in their driveway for more than three months while the work was under way.

“They said if we didn’t replace the foundation right away, they were going to condemn the house,” Tofolowsky said.

“It hurts to the core because it cost us so

much money. Some houses would cost more to repair than the house is worth.

We’re going to have to work until we’re in our 80s.”

The Tofolowskys sold that house and now live in Stafford, but Linda remains active in the Connecticut Coalition Against Crumbling Basements (CCABC), a group that is trying to raise awareness of the issue and get financial relief to homeowners facing the exorbitant expense of replacing their foundation.

“A lot of these people who have this problem right now are so afraid to say anything,” Tofolowsky said. “They’re afraid their insurance rates will go up or the mortgage company will foreclose. We can’t get an accurate count.”

State Gathering Information,

But Offering Little Help The Connecticut Department of Consumer Protection said it has received 313 complaints about crumbling concrete foundations as of Sept.

27. The Connecticut Capital Region Council of Governments says the actual number of affected concrete foundations could number in the tens of thousands.

The problematic concrete has been traced to a single source – Becker’s Quarry in Willington. The J.J. Mottes Concrete Co. in Stafford used gravel from that mine in its concrete mix.

Unfortunately, that gravel had a lot of pyrrhotite in it. Pyrrhotite is an ironrich mineral that reacts with water over time and swells, causing damage to the concrete. Pyrrhotite has been linked to concrete foundation failures in Quebec and Ireland as well.

The Office of the Attorney General “cannot find sufficient basis to support claims for violations of Connecticut consumer protection laws,” according to a statement.

“We will continue to seek options for homeowners who are dealing with these foundation failures, and I encourage them to urge their insurers to participate in the fund to benefit impacted homes,” Lt. Gov. Nancy Wyman, who is spearheading this issue for the state, said in the statement.

The state has identified 24 towns in

“

They said if we didn’t replace the foundation right away, they were going to condemn the house. It hurts to the core because it cost us so much money. Some houses would cost more to repair than the house is worth.

We’re going to have to work until we’re in our 80s.” — Linda Tofolowsky, homeowner

north central Connecticut, as well as a handful of Massachusetts communities where the affected concrete was used.

However, since the problem is difficult to discover in finished basements and can take a decade or two to become evident, the exact number of effected owners and municipalities is still unknown.

Impact Could Spread Beyond Affected Homeowners Tim Heim bought his Willington home, originally built in 1994, about 10 years ago. In late spring of last year, he found a golf ball-sized chunk of concrete on the floor and became concerned. When he saw a July 22 news story about pyrrhotite-damaged concrete in area homes on NBC, he immediately recognized the problem. Along with Cheryl Cranick, he founded the CCABC in February of this year.

“We estimate the total cost to repair these foundations will be well in excess of a billion dollars,” Heim said.

“We need to come up with some type of funding. The insurance companies, lenders, the state and the feds need to all get involved. One single group will not be able to afford this. My foundation alone will cost almost $200,000, and I’m just the top of the iceberg.”

Heim invited state legislators, U.S. Sen. Chris Murphy and Wyman tour his home so they could see the damage firsthand. All were sympathetic, he said, but to date none have been able to offer him or the other affected homeowners much help.

“This problem takes 10 to 20 years to surface,” Heim said. “I’m aware of con-

firmed cases from 1982 to 2003. Problems could appear as late as 2035. This is going to have a major impact on all of these small towns with no commercial tax base. Even if you don’t have this problem, you’re still a victim. Your mill rate will go up. People are afraid to buy homes around here because of the fear of the unknown.”

The issue is increasingly becoming a concern among buyers and sellers, said Julie Corrado of Coldwell Banker in South Windsor.

“Buyers definitely bring it up if they did a little research,” Corrado said.

“They want to know if they should be concerned or if they should avoid certain towns. I try to educate them, but deals are absolutely falling apart after the foundations are testing positive for pyrrhotite.”

Before she takes a listing, she tries to confirm whenever possible who placed the foundation. If sellers can document that the concrete didn’t come from Becker’s Quarry, they advertise that.

The only other way to know if it’s safe is to have a core sample performed, and that can cost $1,000 or so.

“I can tell you it has impacted the market beyond just a handful of sales,” Corrado said. “For home sellers, it can stigmatize entire neighborhoods. The emotional impact is huge. This is a person’s home and it’s literally crumbling and they’re not safe in it at a certain point. And their home isn’t worth anything.”

For more information visit www.ct.gov/DCP/concrete. n Email: jmorrison@thewarrengroup.com

OCTOBER 2016 | THE COMMERCIAL RECORD | 11

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES

First County Bank has hired Jagjiwan Singh as business banking division assistant vice president and business development officer. Prior to joining First County Bank, Singh was branch manager at Wells Fargo. Before moving to Connecticut, Singh worked for Starwood Corp., where he worked with international and diplomatic clientele in New Delhi, India.

Carolyn Welch recently joined Chelsea Groton Bank as vice president and commercial loan officer. In her new role, she will be based at the bank’s lending center in Glastonbury. In this position, she will work to develop commercial loan relationships with centers of influence in Hartford, Middlesex and New Haven counties. Most recently, Welch was senior vice president and market manager of business banking at Citizens Bank, responsible for managing new acquisition, retention and expansion goals of her team across the state. Prior to that, she was a commercial loan officer at Community Investment Corp.

Torrington Savings Bank has announced the appointment of Robert Switzgable as a trustee to its board of trustees. Switzgable is the owner and general manager of Ski Sundown in New Hartford. He is on the board of the Northwest Connecticut Chamber of Commerce and previously a member of the New Hartford Business Council.

AWARDS & ACCOLADES

Berkshire Hathaway HomeServices New England and Westchester Properties recently named the top sales executives in the Wethersfield office. Honors went to Rob Rosa as the top selling agent and Neil Howett as the top listing agent in August.

Additionally, the Ridgefield office of BHHS New England Properties recently announced that Mark Avery has received the Seniors Real Estate Specialists (SRES) designation. SRES designees are Realtors qualified to address the needs of homebuyers and sellers over the age of 50.

12 | THE COMMERCIAL RECORD | OCTOBER 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.

JOHN HODGKINS SENIOR LOAN ADVISER, FAIRWAY INDEPENDENT MORTGAGE John Hodgkins has worked through some of the best and worst markets in recent memory.

As you implement more technology, do you worry about losing the face-to-face connection with your clients?

These days, going to a closing is more important. We might not have the same face-to-face time, but I probably have significant amount of telephone and face to face in the preapproval process.

People are able to retain and engage that way. It gives them the chance to trust someone well before they made an offer. A lot of times people meet with me in person to go over their preapproval. We end up having a longer relationship. … The relationship with the client has to be first, without that … there’s no fun. You’ve got to make it fun.

What are you seeing in the market right now?

One thing I’m seeing is there are some technical jobs in upper middle management here.

People in their 30s and 40s are moving to Connecticut for very select jobs, technical jobs. All the people I’m talking to are seeing improvement in their businesses. Prices are down, but sales volume is up. I’d say that purchase volume have been steadily increasing since 2013.

BRENT HAZZARD HEAD OF STRUCTURED FINANCE, CITIZENS COMMERCIAL BANKING Citizens Bank’s Brent Hazzard first got a taste for commercial banking at Shawmut Bank.

Can you discuss one or two interesting or noteworthy trends in your corner of the banking world?

A lot of companies are trying to figure out how we can do more with less, how to be more efficient and really leverage the capital that they have. … I’m seeing more stories like that, with people saying, “We’re doing really well, so what can you do for us?”

What are your thoughts about the next generation coming into banking? What critical skills do those up-and-coming bankers need?

The one that I’m really excited about [is] challenging the status quo. … The reality is, the boss has hired you for the intellect you have, for your drive, so if there’s a problem you see at work, your job is not just to identify the problem. Your job is to identify, that’s the problem, given what I know, here’s the solution, here are my thoughts. That critical thinking skill set is a challenging one to bring out.

COURTNEY HENDRICSON VICE PRESIDENT OF MUNICIPAL SERVICES, CONNECTICUT ECONOMIC RESOURCE CENTER (CERC) After stints in municipal government in Farmington and economic development in Enfield, Courtney Hendricson’s duties have expanded to a statewide horizon.

What’s the impetus for the new CERC position focusing on municipal services?

We created the position in municipal services because there was really demand over the last few years. These municipalities were coming to CREC saying, “How can we get economic development support?” We felt like we needed an umbrella division that envelops all of those specialties and be a generalist to go out and help these towns do economic development. We can help them with strategies and implementation. Or if they have staff and goals but need help doing something more specific, such as a Brownfields site impact analysis, we can do that as well.

What are your goals when you take over the leadership of CREW in January?

We really want to grow our membership and target decision-makers: C-suite women in the commercial real estate field who are not members. We’ll continue to have strong emphasis on our programming. Our members find a lot of value in the networking at those programs.

OCTOBER 2016 | THE COMMERCIAL RECORD | 13

Renovations And Repositioning

OFFICE LANDLORDS REINVEST IN PROPERTIES FOR FUTURE Capital Projects Spur Leasing Velocity

Building and Land Technology added a new entrance and lobby to its “building within a building” in downtown Stamford.

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

W

ith generous availabilities for blocks of class A office space in Fairfield and New Haven counties, it takes a lot more than a new coat of paint to warrant a second look from potential tenants.

14 | THE COMMERCIAL RECORD | OCTOBER 2016

Local developers are investing millions in capital improvement projects, adding 21st-century amenities to 1980s-era office buildings, converting office parks into medical offices and repositioning an in-

The value-add strategy is popular among investors who buy lowoccupancy office buildings with an eye toward the upside rent potential after investing in building renovations. dustrial property into trendy open-floor plan workspace.

After leasing 120,000 square feet to Deloitte at the former Gen Re headquarters at 695 East Main St. in downtown Stamford in 2014, Stamford-based developer Building and Land Technology (BLT) is repositioning the rest of the building as 200 Elm. BLT acquired the property in 2012, two years after Gen Re vacated the 614,000-square-foot complex that was developed decades ago as its build-to-suit home base.

BLT recently rebranded 400,000 square feet of available space as a “building within a building” called 200 Elm, adding a separate 4-story lobby and entrance in the past year. New amenities include an Exhale fitness center, conference center, collaboration areas, a new cafeteria and electric vehicle charging stations. The parking garage roof has been landscaped as a courtyard.

It’s all a response to growing demand for downtown-style amenities, said Ted Ferrarone, BLT’s chief operating officer.

“In terms of a total repositioning, it’s getting a feel for what tenants want today versus 20 years ago,” Ferrarone said.

Another major renovation project is under way at 2187 Atlantic St. in Stamford’s South End, where ownership is upgrading the lobby, entryways and common areas while adding a new fitness center and cafeteria. Newmark Grubb Knight Frank’s Stamford office is marketing 100,000 square feet of available space in the 120,000-square-foot building.

Lack of building updates under previous ownership hurt the prospects for lease renewals in the multi-tenant building, said Tim Rorick, senior managing director for Newmark.

“The prevailing theme in today’s market is you have to be competitive,” Rorick said. “You’ve only got one shot at these

tenants when you don’t have a lot of (leasing) velocity, and you want to make a good impression.”

The value-add strategy is popular among investors who buy low-occupancy office buildings with an eye toward the upside rent potential after investing in building renovations, Newmark Managing Director Greg Frisoli said.

“We’ve always found when a building undergoes a renovation, the leasing performance always seems to outpace the market,” Frisoli said.

In downtown Stamford, class A office rents range from high $40s to low $60s per square foot in the current market, depending upon the quality of the building and proximity to the train station, Frisoli said.

‘Industrial Chic’ Comes To Greenwich Greenwich architect Richard Granoff is spearheading conversion of a former utility building into loft-style offices.

Granoff looked for a decade for a unique building before acquiring 330 Railroad Ave. for an office conversion last spring. Granoff Architects will occupy 8,000 square feet and market the remaining 17,000 square feet to office tenants.

Built by Connecticut Light & Power in 1928, the property has the oversized windows, 13-foot ceilings and exposed beams and ductwork that lend themselves to an “industrial chic” open floor plan layout, Granoff said. Renovations are expected to be completed in early 2017, when 26 employees from Granoff Architects will relocate.

“It’s a combination of an iconic historic structure, a fantastic location with high visibility, and most importantly, just very cool space that you’d see in Soho and cooler neighborhoods,” Granoff said. “In

Greenwich, it’s really unheard of.”

In New Haven, Northside Development Co. will launch a $12 million renovation to 195 Church St., the 18-story former New Haven Savings Bank headquarters built in 1974. The 246,495-square-foot tower is 75 percent occupied by tenants including First Niagara Bank and Cogstate. First Niagara sold the building to Northside as it downsized its New Haven presence following its acquisition by Key Bank, which still occupies 30,000 square feet in the building.

To pump up demand for 80,000 square feet of available space, Northside President Paul Denz obtained $12 million in financing from Washington Trust for lobby renovations, tenant improvements and new energy-efficient windows. A 4,000-square-foot conference center and gym will be added, with an eye toward attracting suburban office tenants to downtown, Denz said.

In the suburbs, office buildings with ample parking but limited public transit connections are ripe for repositioning as medical clinics.

BLT recently converted two former General Electric office buildings at 260292 Long Ridge Road in Stamford into a new medical complex called Long Ridge Health & Science. That strategy paid off with leases to Stamford Hospital, which leased 46,000 square feet for medical offices in 2014. Greenwich Hospital opened a 50,000-square-foot outpatient facility in mid-September.

“The traditional office users are tending to be in more dense, transit-oriented locations,” BLT’s Ferrarone said. “Hospitals are trying to move more services out of the hospitals to off-site locations, and office parks like Long Ridge lay out really well for them.” n Email: sadams@thewarrengroup.com

OCTOBER 2016 | THE COMMERCIAL RECORD | 15

NEWS ROUNDUP FORMER WHHA EMPLOYEE PLEADS GUILTY TO UNLAWFUL COMPENSATION

A former West Haven Housing Authority employee pleaded guilty Thursday to receiving unlawful compensation while serving as an employee of the West Haven Housing Authority (WHHA).

From March 2009 through January 2012, John Sandella, of Orange, used his position as clerk of the works to influence to WHHA into entering a plumbing contract with Sandella’s friend’s plumbing company. Sandella worked with the company’s owner to prepare applications and bids for the jobs and promoted the company to the WHHA as a qualified plumbing service.

After the WHHA checks were deposited into the company’s checking account, Sandella and the company’s owner worked together to direct certain payments out of the checking account to benefit Sandella.

As a result, WHHA paid $137,004 to the plumbing company, and in turn, the plumbing company paid $26,687.26 to Sandella.

Sandella pleaded guilty to one count of receipt of compensation with the unlawful intent to defeat the purposes of the U.S. Department of Housing and Urban Development, a charge that carries up to one year in prison. Sentencing is scheduled for Dec. 8.

Sandella has agreed to pay $137,004 in restitution to the WHHA.

GOWRIE GROUP ACQUIRES MARINESPECIALIZED INSURANCE CO. Gowrie Group, a Westbrook-based independent insurance agency, recently announced it has acquired Galesville, Marylandbased Hartge Insurance Assoc.

Hartge Insurance is a more than 40-yearold family-owned business with a focus in general boat insurance and commercial marine insurance.

In conjunction with the merger, Suzanne Redden, of Annapolis, Maryland, will join the Gowrie team as branch manager of the new Gowrie Group Mid-Atlantic operation and Annapolis area office. Redden brings experience with marine underwriting, along with business development for carriers and agencies.

“I have enjoyed strong professional relationships with many of the people at Gowrie Group for years, so I am thrilled to be joining their team and I look forward to bringing enhanced solutions, services, and coverages to my clients,” Totch Hartge, president and founder of Hartge Insurance Assoc., said in a statement.

“Suzanne and Totch are two of the most respected professionals in marine insurance.

Their deep expertise combined with Gowrie’s array of insurance markets and services will mean broader and better insurance options for current and new clients,” Ed Gumbrecht, president of Gowrie Group, said in a statement.

WESTFIELD, CHICOPEE TICK ANOTHER BOX FOR MERGER APPROVAL. Westfield Financial and Chicopee Bancorp recently received the final regulatory approvals needed to move forward with a merger slated to close in the fourth quarter.

With approval from the Federal Reserve System’s board of governors and the OCC, the holding companies for Westfield Bank and Chicopee Savings Bank are now awaiting the approval of the Massachusetts Board of Bank Incorporation, as well as their respective shareholders.

The transaction, announced this spring, will create the second largest bank by deposit market share in Hampden County, Westfield said. The combined institution will have $2.1 billion in total assets, more than $215 million in tangible equity and 21 branches across Western Massachusetts and Northern Connecticut.

Westfield will be the remaining institution after the deal closes.

THE MOST VIEWED ARTICLES IN SEPTEMBER • • • • •

Defunct Woodbury Restaurant Purchased, To Be Rebranded Black Rock Oyster Bar & Grill Sells For $1.3M Single-Family Home Sales Take A Tumble In July South Windsor Housing Community Celebrates Official Opening Berkshire Hathaway Home Services Celebrates Happy Real Estate New Year

16 | THE COMMERCIAL RECORD | OCTOBER 2016

Former Financial Advisor Admits To Stealing Over $1M From Clients Women of FIRE: Emily Dreas California Conspirators Sentenced To Prison For Mortgage Fraud West Hartford Real Estate Company Takes Top Spot At Local Biking Fundraiser • Stamford Gets New Co-Working Center • • • •

EVENTS BANKWORLD The Warren Group Jan. 13, 2017 Mohegan Sun, 1 Mohegan Sun Blvd., Uncasville, CT 06382 Who should attend: Banking and lending professionals More information: www.thewarrengroupevents.com/bankworld

NEWMARK OBTAINS FINANCING FOR GREENWICH TRANSACTION NGKF Capital Markets completed $36.25 million in acquisition financing for the recent sale of 500 West Putnam Ave. in Greenwich.

New York-based SL Green Realty Corp. sold the 121,500-squarefoot office building to Fareri Assoc. LP of Greenwich for $41 million in July.

Newmark Executive Managing Director Jordan Roeschlaub, Managing Director Daniel Fromm and Director Steve Sperandio led the team that arranged and structured a floating-rate loan that provided a three-year initial term and two one-year extension options.

“Due to the sponsor’s proven track record and the liquidity in debt markets we were able to secure very favorable financing despite the property being an only 54 percent occupied, institutionally owned asset,” Roeschlaub said in a statement.

NGKF Capital Markets closed over $2.7 billion in financings in 2015 and expects to surpass $3.25 billion in 2016.

OCTOBER 2016 | THE COMMERCIAL RECORD | 17

Real Estate Coach

WE CAN MAKE A DIFFERENCE TOGETHER!

RE Industry Launches ‘Spruce Up Day’ To Improve Communities

18 | THE COMMERCIAL RECORD | OCTOBER 2016

BY BERNICE ROSS | SPECIAL TO THE COMMERCIAL RECORD

20 Ways To Participate

A

s we face one of the most divisive and violent time periods in our history, a time where many feel helpless and that their dreams for the future may never be fulfilled, it can be tempting to give way to the pessimism – don’t! We can make a difference together, and here’s what the real estate industry can do to turn the tide.

What if the real estate community could come together in a massive one-day grass roots effort nationwide to spruce up as many homes and neighborhoods as possible, especially in those areas where the residents may lack the funds or the ability to make those changes themselves? If we, the industry, put its considerable weight in back of an initiative of this sort to help our neighborhoods, it has the potential to be a tipping point to change things for the better.

Spruce Up Day Is Born “Spruce up” means “the act of improving the overall appearance; cleaning up, refurbishing or renovating.”

On Nov. 19, 2016, we are inviting every real estate professional, affiliate service provider, vendor and their clients to join us in this effort to spruce up our communities.

The idea is simple. Buy some flats of flowers and plant them, clean up trash from a public area or help someone else in need to improve something about where they live. You can ask your sellers if there is someone in their neighborhood who would appreciate your help raking leaves or cleaning up their property.

If you want to go big, make sure that you have the appropriate insurance, written permission to use a public place and permissions to enter and/or do work on someone else’s property.

Share Your Efforts!

Please use your social media to spread the word about Spruce Up Day and your planned contributions. The website is www.SpruceUpDay.com and the Facebook page is www.facebook.com/spruceupday.

On Spruce Up Day, make it fun, make it engaging and post what you do on both the national Facebook Spruce Up Day site as well as your local Facebook page, Instagram, Twitter and Snapchat. Post before and after pictures – tell the story and get others involved.

Looking ahead, it is our hope that the industry will support a Spruce Up Day the Saturday before Thanksgiving each year, as well as one in early May. We invite you to join this effort in whatever way that works for you. Check the website and Facebook page for more ways to participate in Spruce Up Day and to continue the positive conversation about the results as well as what we can continue to do throughout the year. n Bernice Ross, CEO of RealEstateCoach.com, is a national speaker, trainer and author.

She may be reached at Bernice@RealEstateCoach.com.

There are hundreds of ways to participate. Below are just a few options. It makes no difference how you participate – it’s getting involved that matters.

1. Arrange for bulk pickup of large trash and discarded items through your local trash collection service.

2. Clean up a beach or a local waterway.

3. Collect recyclables and take them to a recycling center.

4. Arrange for the collection and safe disposal of antifreeze, oil, batteries, paint and other potentially toxic substances.

5. Help install storm windows for someone who is unable to do so.

6. Identify a specific group that you would like to help spruce up, like Wounded Warriors, a group home that serves the needs of disabled adults, etc.

7. Invite local businesses to support the effort – restaurants may want to contribute food, water or soft drinks, contractors willing to volunteer their time, etc.

8. Invite local places of worship to participate and to help to identify those who need assistance.

9. Mulch plants at a local park.

10. Obtain coupons from a local home improvement store for needed tools and materials.

11. Pass out batteries for smoke detectors and recycle the old ones.

12. Buy some paint and brushes to paint over graffiti.

13. Pick up trash on the roads or streets.

14. Plant flowers, bulbs or other cold-resistant plants.

15. Rake leaves out of garden beds and borders.

Shred or leave them whole and place them in a compost pile.

16. Repair, paint and/or upgrade the equipment at a local playground.

17. Replace broken windows.

18. Set up a local Facebook and Instagram page to share what you are doing in your neighborhood on Spruce Up Day. Invite your friends and followers to join your efforts as well as to post about what they are doing.

19. Spruce up a local school.

20. Join Habitat for Humanity on Spruce Up Day or work with your local chapter of Rebuilding Together on one of their projects.

OCTOBER 2016 | THE COMMERCIAL RECORD | 19

The Nation’s Housing

DOES THE VALUE OF YOUR HOME AFFECT HOW YOU VOTE?

View On Economy Can Depend On Rate Of Appreciation

20 | THE COMMERCIAL RECORD | OCTOBER 2016

BY KENNETH R. HARNEY | WASHINGTON POST COLUMNIST

D

o home values have any significance when it comes to presidential elections? Not directly. But indirectly they are manifestations of economic growth, unemployment rates, incomes, household formations, population inflows and outflows, along with historical patterns of land use and restrictions on building.

Almost certainly home values – and the rate at which they appreciate – have some subtle impact on homeowners’ outlooks: If your property value is falling or mired in negative KENNETH R. HARNEY equity, you’re probably less likely to have positive feelings about the current state of the economy and prospects for immediate improvements. If your home value has been steadily rising, you might be feeling a little better about your personal finances, more satisfied with economic trends and more sanguine about where things are headed.

Housing Trends By State With this in mind, I asked the housing analytics experts at Trulia, the online real estate data and sales information site, to do a purely statistical study of housing value trends in this election year’s battleground or swing states, plus all the traditional red (typically Republican) and blue (typically Democratic) states. The red and blue breakdowns were based on results from the past four presidential elections. Battleground states were based on recent polls taken before the first presidential debate.

Values and appreciation were measured from January 2012 through July of this year.

So what did researchers find?

There are drastic differences in median home values that set apart red states from blue states – maybe more than you knew.

Of the top 10 highest-cost states, nine are solidly blue. Just one – Alaska – trends red.

The six states with the lowest median homes values – West Virginia ($99,800), Oklahoma ($113, 400), Mississippi ($114,500), Arkansas ($114,700), Indiana ($116, 700) and Kansas ($120,800) – are all red. The

$367,100 separation between the median price in the most costly mainland blue state (California at $466,900) and West Virginia is chasmic, as are the differences in underlying economic conditions. (Reliably blue Hawaii has the highest median, $565,900.)

Battleground states (Florida, North Carolina, Ohio, Arizona, Nevada, Pennsylvania, New Hampshire and Georgia) are a mixed bag. Their relatively moderate home values generally resemble red states more than blue, but their recent jumps

the median Arizona house was valued at $136,500. Last July that had grown to $208,400. Florida has seen similar increases – a $126,300 post-recession median in early 2012, compared with $191,300 this year.

Several swing states, however, haven’t rebounded as energetically as the others because of economic issues. North Carolina, where recent polls indicate an exceptionally tight race, had a median value of $137,500 at the beginning of 2012; today it’s $153,300. Pennsylvania came out of the recession with a $143,600 median value; by mid-year 2016, that had grown to just $154,500. Ohio’s median has moved from $107,200 four years ago to $121,600 this year.

So what do we glean from these housing numbers? Certainly there are no predictions here about how homeowners will vote. Housing is just one element in an

Housing is just one element in an economic backdrop, not a key causative factor in voting behavior. in annual appreciation rates, taken as a weighted average, are higher than either reds or blues. As of July, the appreciation rate for homes in battleground states was 6.4 percent, while in red states it was 5.23 percent and in blue states 5.14 percent.

This year’s battleground states have experienced significantly different housing value patterns during the post-recession period. Though they are all seeing positive appreciation this year, they have radically contrasting recent histories. Nevada, Florida and Arizona were hotbeds of hyperinflation and toxic mortgage practices during the boom years, and all three suffered horrendous depreciation and foreclosure losses during the bust and recession. But since 2012, they have roared back. In January 2012, the median Nevada house was worth $122,800. As of this past July, that had grown to $218,400. In January 2012,

economic backdrop, not a key causative factor in voting behavior. But it cannot be totally ignored. Felipe Chacon, a housing data analyst with Trulia, commented in an interview that “if you’re hearing doom and gloom and you’re in a swing state that’s been doing relatively well recently,” maybe you are marginally less likely to believe the doom and gloom.

On the other hand, if you’re a homeowner in a traditionally blue state like Maine, where employment and income growth have lagged behind national averages and median home values have plunged from $180,400 at the start of 2012 to $134,500 as of July, you might be more open to messages that major changes in economic policies are needed. n Ken Harney’s email address is kenharney@ earthlink.net.

OCTOBER 2016 | THE COMMERCIAL RECORD | 21

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

TOP 3 STATEWIDE 191-221 Main St, Farmington............... $25,000,000

401 Talcottville Rd, Vernon................... $18,500,000

225 Ella Grasso Tpke, Windsor Locks.... $12,000,000

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

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

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

Buyer: ................................... Summit&Birch NCM LLC

Buyer:.......................................... Briar Knoll NCM LLC

Buyer: ..............................Windsor Locks Lodging LLC

Seller: .............................. GR Farmington Summit LLC

Seller: ...........................................GPT Briar Knoll LLC

Seller: ............................ CPX Windsor Locks Gateway

Mtg: ..................... Capital 1 Mlfm Financ $20,400,000

Mtg:...................... Capital 1 Mlfm Financ $15,096,000

Mtg:.................................... United Bank $10,777,500

Date: ............................................................ 08/30/16

Date: ............................................................ 08/30/16

Date: ............................................................ 08/30/16

Total Assessed Value (2016): .....................$3,692,460

Total Assessed Value (2016):..................... $5,959,750

Total Assessed Value (2016): .....................$5,392,200

Lot Size: ....................................................... 298386sf

Lot Size: ..................................................... 1178298sf

Lot Size: ....................................................... 112820sf

Prior Sale: .....................................$9,807,974 (09/97)

Prior Sale: .....................................$6,170,000 (12/97)

Prior Sale:..................................... $1,085,000 (07/07)

FAIRFIELD 129 Glover Ave, Norwalk................ $8,000,000 Use:........................................Commercial Warehouse Buyer:........................................... 129 Glover Ave LLC Seller:............................................... Merritt Ridge LLC Date:............................................................ 08/24/16 Total Assessed Value (2016): .....................$3,732,330 Lot Size: ....................................................... 140466sf Prior Sale: .....................................$7,600,000 (09/06)

5 River Rd, Greenwich.................... $3,500,000 Use:...............................................Office Bldg-General Buyer:.............................................. River Road 5 LLC Seller:...................................... Sanko Kisen USA Corp Mtg: ....................................Trinity Church $2,700,000 Date: ............................................................ 08/12/16 Total Assessed Value (2016):..................... $3,520,230 Lot Size:......................................................... 32234sf Prior Sale:.......................................... $23,000 (11/01)

135 Rowayton Ave, Norwalk........... $3,050,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer:............................................. Jackson River LLC Seller:... Mitchell Truwit Ex, Ex for Trubowitz Shelley Est Mtg: ..........................Union Savings Bank $2,400,000 Date: ............................................................ 08/29/16 Total Assessed Value (2016): .....................$1,194,130 Lot Size:......................................................... 10890sf

225 Ella Grasso Tpke, Windsor Locks.$12,000,000 Use:............................................. Commercial Building Buyer:.............................. Windsor Locks Lodging LLC Seller: ............................ CPX Windsor Locks Gateway Mtg: ....................................United Bank $10,777,500 Date:............................................................ 08/30/16 Total Assessed Value (2016): .....................$5,392,200 Lot Size: ....................................................... 112820sf Prior Sale:..................................... $1,085,000 (07/07)

83 Main St, Newington.................... $8,500,000 Use:............................................... Apartment Building Buyer: ...................................... Woodbridge NCM LLC Seller: ...................................Foxwoodburg Associates Mtg: ....................... Capital 1 Mlfm Financ $6,069,000 Date:............................................................ 08/30/16 Total Assessed Value (2016): .....................$3,491,770 Lot Size: ....................................................... 400752sf Prior Sale:..................................... $2,548,240 (03/97)

179 Davis St, Watertown................. $750,000 Use:............................................. Commercial Building Buyer: ...........................................DDK Enterprise LLC Seller: ..................................Davis Street Property LLC Mtg: ........................... Davis Street Property $745,000 Date: ............................................................ 09/01/16 Total Assessed Value (2016): ........................$230,200 Lot Size:......................................................... 26572sf

72 Leigh Ave, Thomaston................ $685,000 Use:................................... Apartment Bldg - 9 + Units Buyer: .........................................Station Place RE LLC Seller: .................Peter R Rogozinski & Roy E Bouffard Mtg:.............................. Peter R Rogozinski $498,000 Date:............................................................ 09/02/16 Total Assessed Value (2016):........................ $324,160 Lot Size: ......................................................... 65340sf

1113 Portland Cobalt Rd, Portland.... $680,000 Use:................................... Apartment Bldg - 9 + Units Buyer: ................................ Bluestone Apartments LLC Seller: ...............................................Accell Realty LLC Mtg: ........................... Peoples United Bank $500,000 Date:............................................................ 09/08/16 Total Assessed Value (2016): ........................$337,050 Lot Size:......................................................... 67518sf

225 Main St, Deep River.................. $625,000 Use:............................................................Post Office Buyer:......................................... Tag&Envelope Co Inc Seller: .......................................Deep River Realty LLC Date: ............................................................ 08/26/16 Total Assessed Value (2016): ........................$429,730 Lot Size: ......................................................... 28750sf Prior Sale:........................................ $275,000 (01/94)

HARTFORD 191-221 Main St, Farmington........$25,000,000 Use:............................................... Apartment Building Buyer: ................................... Summit&Birch NCM LLC Seller:.............................. GR Farmington Summit LLC Mtg:..................... Capital 1 Mlfm Financ $20,400,000 Date: ............................................................ 08/30/16 Total Assessed Value (2016):..................... $3,692,460 Lot Size:....................................................... 298386sf Prior Sale: .....................................$9,807,974 (09/97)

LITCHFIELD 107 Danbury Rd, New Milford......... $1,850,000 Use:............................................. Commercial Building Buyer: ..................................... 107 Danbury Road LLC Seller: ......................... Rudolph V Mangels & Holly Flor Date: ............................................................ 08/30/16 Total Assessed Value (2016):........................ $620,270 Lot Size: ......................................................... 56628sf

MIDDLESEX 599 Middlesex Tpke, Old Saybrook. $1,085,000 Use:............................................. Commercial Building Buyer: ............................................599 Middlesex LLC Seller: ............................................Sbs Properties LLC Mtg: .................................... Signature Bank $813,750 Date:............................................................ 09/06/16 Total Assessed Value (2016): ........................$986,200 Lot Size: ......................................................... 58806sf

22 | THE COMMERCIAL RECORD | OCTOBER 2016

FEATURED PROPERTY 707 Colman St, New London........................................................ $3,450,000 Use:........................................................................................ Commercial Building Buyer: ............................................................................... Savinder Hospitality LLC Seller:........................................................................... 8 Stones New London LLC Mtg: ............................................................................. Republic Bank $3,000,000 Date: ........................................................................................................08/03/16 Total Assessed Value (2016): ................................................................ $1,519,000 Lot Size: .................................................................................................. 243936sf Prior Sale: ................................................................................ $2,100,000 (09/11)

NEW HAVEN 2945 Boston Post Rd, Guilford....... $5,650,000 Use:........................................................Retail-Service Buyer:............................... Morande Automotive Group Seller: ........................................Strawberry Fields LLC Mtg: .................................. Farmington Bk $3,850,000 Date:............................................................ 08/19/16 Total Assessed Value (2016):..................... $1,651,060 Lot Size: ....................................................... 181210sf Prior Sale: ........................................$935,400 (05/15)

175 Sherman Ave, New Haven........ $3,400,000 Use:...............................................Office Bldg-Medical Buyer:........................................ Yale-New Hospital Inc Seller: ............................................. 175 Sherman LLC Date: ............................................................ 09/06/16 Total Assessed Value (2016):..................... $2,761,570 Lot Size: ......................................................... 31970sf Prior Sale: .....................................$1,770,000 (11/14)

408 Highland Ave, Cheshire........... $2,000,000 Use:...............................................Office Bldg-General Buyer: ................................... Cheshire Professional Pk Seller: ....................................... 408 Highland Ave LLC Mtg: ......................... Collinsville Svgs Soc $1,500,000 Date:............................................................ 08/31/16 Total Assessed Value (2016): ........................$385,680 Lot Size: ......................................................... 26136sf Prior Sale:........................................ $275,000 (02/13)

707 Colman St, New London.......... $3,450,000 Use:............................................. Commercial Building Buyer: .................................... Savinder Hospitality LLC Seller:................................ 8 Stones New London LLC Mtg: .................................. Republic Bank $3,000,000 Date: ............................................................ 08/03/16 Total Assessed Value (2016): .....................$1,519,000 Lot Size: ....................................................... 243936sf Prior Sale: .....................................$2,100,000 (09/11)

212 Old Hartford Rd, Colchester..... $840,000 Use:............................................. Commercial Building Buyer: .........................................................D&MZ LLC Seller: .......................................................Gogum LLC Mtg:................................... Savings Institute $450,000 Date:............................................................ 08/17/16 Total Assessed Value (2016): ........................$309,400 Lot Size: ......................................................... 40510sf

110 Jobs Hill Rd, Ellington............$11,000,000 Use:................................... Apartment Bldg - 9 + Units Buyer: ....................................High Meadow NCM LLC Seller:..................................... GPT High Meadow LLC Mtg:....................... Capital 1 Mlfm Financ $8,976,000 Date: ............................................................ 08/30/16 Total Assessed Value (2016):..................... $4,537,460 Lot Size:....................................................... 882961sf Prior Sale: .....................................$4,050,000 (10/97)

255 Hopriver Rd, Bolton.................. $310,000 Use:............................................. Commercial Building Buyer:.......................................... D&S Yardworks LLC Seller:................... John E Whitham & Sally A Whitham Mtg:................................. Stearns Bank NA $350,000 Date:............................................................ 08/24/16 Total Assessed Value (2015):........................ $191,980 Lot Size: ....................................................... 522720sf

Canterbury Rd, Brooklyn................. $125,000 Use:..............................................................Farm Use Buyer: ....................................... Tyler Brothers Real Est Seller: ........................................................ Dean Davis Mtg: ..........................Farm Credit East ACA $515,000 Date:............................................................ 08/11/16 Total Assessed Value (2016): ..........................$16,260 Lot Size: ..................................................... 1698840sf

476 Bailey Hill Rd, Killingly.............. $105,000 Use:..............................................................Farm Use Buyer:........................................ United We Stand LLC Seller:........... Pauline C Gilbert & Patricia A Vannorsdel Date: ............................................................ 09/06/16 Total Assessed Value (2015): ............................$3,490 Lot Size: .................................................... 1698840sf

NEW LONDON 102 Stonington Rd, Norwich........... $6,800,000 Use:............................................... Apartment Building Buyer: ...........................................102 Stonington LLC Seller: ........................................... HPI Stonington LLC Mtg:.......................................... Oritani Bk $5,100,000 Date: ............................................................ 08/23/16 Total Assessed Value (2016): .....................$4,045,000 Lot Size: ....................................................... 212573sf Prior Sale: ........................................$405,000 (02/04)

TOLLAND 401 Talcottville Rd, Vernon............$18,500,000 Use:............................................... Apartment Building Buyer: ..........................................Briar Knoll NCM LLC Seller: ...........................................GPT Briar Knoll LLC Mtg:..................... Capital 1 Mlfm Financ $15,096,000 Date: ............................................................ 08/30/16 Total Assessed Value (2016):..................... $5,959,750 Lot Size: ..................................................... 1178298sf Prior Sale: .....................................$6,170,000 (12/97)

WINDHAM 495 N Society Rd, Canterbury......... $400,000 Use:...................................Mixed Use-Agricult & Resid Buyer: ....................................... Tyler Brothers Real Est Seller: ........................................................ Dean Davis Mtg: ..........................Farm Credit East ACA $515,000 Date: ............................................................ 08/11/16 Total Assessed Value (2016): ........................$316,900 Lot Size: ..................................................... 4094640sf

OCTOBER 2016 | THE COMMERCIAL RECORD | 23

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

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

1 Family

2 6

25

-3.85%

119

118

-0.84%

$251,500

$280,000

11.33%

$284,000

$293,750

3.43%

Condo

8

11

37.50%

57

54

-5.26%

$305,453

$309,900

1.46%

$303,247

$276,500

-8.82%

3 8

43

13.16%

206

222

7.77%

$286,500

$305,000

6.46%

$297,500

$293,750

-1.26%

$152,250

-1.46%

2016 YTD

MEDIAN PRICE

AUG 2015

%CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BETHEL

All Sales

BRIDGEPORT 1 Family

6 0

70

16.67%

305

366

20.00%

$169,250

$155,750

-7.98%

$154,500

Condo

2 2

39

77.27%

118

161

36.44%

$65,126

$65,000

-0.19%

$79,250

1 38

168

21.74%

737

898

21.85%

$143,000

$125,000

-12.59%

$134,500

$130,000

All Sales

$70,000 -11.67% -3.35%

BROOKFIELD 1 Family

1 8

23

27.78%

120

131

9.17%

$371,250

$325,000

-12.46%

$356,500

$340,000

-4.63%

Condo

4

6

50.00%

48

47

-2.08%

$186,200

$212,500

14.12%

$180,000

$202,800

12.67%

2 7

35

29.63%

215

217

0.93%

$320,000

$295,000

-7.81%

$315,000

$308,000

-2.22%

1 Family

5 6

53

-5.36%

259

302

16.60%

$269,000

$302,000

12.27%

$267,500

$270,000

0.93%

Condo

4 9

57

16.33%

237

261

10.13%

$205,000

$189,900

-7.37%

$193,000

$192,000

-0.52%

1 27

128

0.79%

660

732

10.91%

$257,500

$266,250

3.40%

$257,500

$259,950

0.95%

1 Family

3 9

27

-30.77%

263

198

-24.71%

$1,495,000

$1,550,000

3.68% $1,450,000

$1,344,250

-7.29%

Condo

0

1

24

16

-33.33%

4 8

29

-39.58%

314

234

-25.48%

$1,479,500

$1,538,012

1 Family

1 0

12

20.00%

76

80

5.26%

$610,000

$612,500

Condo

0

0

0

0

1 2

12

0.00%

82

91

All Sales

DANBURY

All Sales

DARIEN

All Sales

N/A

N/A

N/A

N/A $ 1,720,396

$1,172,500 -31.85%

3.95% $1,500,000

$1,338,250 -10.78%

EASTON

All Sales

N/A

N/A

N/A

N/A

10.98%

$590,000

$612,500

0.41% N/A

$595,000 N/A

$600,000 N/A

3.81%

$590,000

$591,500

0.84% N/A 0.25%

FAIRFIELD 1 Family

7 6

81

6.58%

513

506

-1.36%

$611,000

$625,000

2.29%

$562,000

$589,000

4.80%

Condo

1 0

16

60.00%

62

70

12.90%

$321,063

$402,500

25.36%

$355,000

$331,250

-6.69%

103

8.42%

649

652

0.46%

$583,000

$549,000

-5.83%

$530,000

$546,500

3.11%

-12.27% $1,500,000

$1,475,000

-1.67%

$675,000

-1.46%

All Sales

9 5

GREENWICH 1 Family

3 6

42

16.67%

315

243

-22.86%

$1,565,000

$1,373,000

Condo

1 4

11

-21.43%

89

85

-4.49%

$750,000

$775,000

6 6

65

-1.52%

484

382

-21.07%

$1,380,000

$1,120,000

1 Family

1 9

26

36.84%

134

134

0.00%

$388,000

$405,000

4.38%

$342,500

$360,500

5.26%

Condo

1 0

7

-30.00%

46

41

-10.87%

$201,750

$235,000

16.48%

$205,500

$228,500

11.19%

39

25.81%

197

202

2.54%

$299,900

$370,000

23.37%

$315,000

$337,500

7.14%

22.43% $1,456,625

$1,475,001

1.26%

All Sales

3.33%

$685,000

-18.84% $1,262,500

$1,120,000 -11.29%

MONROE

All Sales

3 1

NEW CANAAN 1 Family

4 2

22

-47.62%

235

154

-34.47%

$1,315,000

$1,610,000

Condo

7

4

-42.86%

40

40

0.00%

$614,285

$312,500

5 0

27

-46.00%

300

208

-30.67%

$1,243,750

$1,350,000

20

25.00%

112

134

19.64%

$357,500

$373,500

0 -100.00%

14

2

-85.71%

42.11%

142

154

8.45%

All Sales

-49.13%

$817,500

8.54% $1,350,000

$500,000 -38.84% $1,302,250

-3.54%

NEW FAIRFIELD 1 Family

1 6

Condo

2

All Sales

1 9

27

N/A $327,500

N/A $330,000

4.48%

$354,500

$318,150 -10.25%

N/A $268,198 -100.00% 0.76%

$323,000

$306,000

-5.26%

NEWTOWN 1 Family

3 9

38

-2.56%

265

251

-5.28%

$380,000

$382,500

0.66%

$375,900

$375,000

-0.24%

Condo

3

8

166.67%

16

32

100.00%

$335,016

$383,622

14.51%

$313,450

$339,070

8.17%

4 5

50

11.11%

316

320

1.27%

$335,016

$377,500

12.68%

$367,250

$373,750

1.77%

All Sales

24 | THE COMMERCIAL RECORD | OCTOBER 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORWALK 1 Family

5 7

63

10.53%

442

438

-0.90%

$425,000

$422,500

-0.59%

$458,750

$426,250

-7.08%

Condo

2 5

44

76.00%

222

223

0.45%

$306,000

$262,000

-14.38%

$271,000

$270,000

-0.37%

1 00

130

30.00%

773

790

2.20%

$401,000

$370,000

-7.73%

$383,000

$382,250

-0.20%

-22.22%

78

78

0.00%

$515,000

$466,930

-9.33%

$520,000

$519,500

-0.10%

0

3

-18.18%

86

95

All Sales

REDDING 1 Family

9

7

Condo

0

1

1 1

9

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

$260,000

N/A

10.47%

$525,000

$466,930

-11.06%

$520,000

$515,000

-0.96%

RIDGEFIELD 1 Family

3 5

45

28.57%

216

221

2.31%

$697,500

$615,000

-11.83%

$655,250

$640,000

-2.33%

Condo

1 0

9

-10.00%

50

44

-12.00%

$183,250

$292,000

59.35%

$218,500

$222,500

1.83%

4 7

57

21.28%

287

284

-1.05%

$635,000

$615,000

-3.15%

$600,000

$609,500

1.58%

1 Family

4 1

32

-21.95%

227

234

3.08%

$324,000

$343,500

6.02%

$299,900

$315,000

5.04%

Condo

1 2

14

16.67%

105

100

-4.76%

$264,250

$338,500

28.10%

$279,000

$229,611 -17.70%

60

7.14%

381

396

3.94%

$318,250

$339,950

6.82%

$300,000

$300,000

0.00%

20.00%

40

32

-20.00%

$435,000

$323,450

-25.64%

$430,000

$442,500

2.91%

0

0

20.00%

45

37

All Sales

SHELTON

All Sales

5 6

SHERMAN 1 Family

5

6

Condo

0

0

5

6

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

-17.78%

$435,000

$323,450

-25.64%

$405,000

$400,000

-1.23%

STAMFORD 1 Family

8 1

86

6.17%

469

475

1.28%

$585,000

$603,000

3.08%

$549,900

$560,000

1.84%

Condo

4 9

67

36.73%

353

432

22.38%

$318,800

$325,000

1.94%

$295,000

$312,250

5.85%

1 52

178

17.11%

981

1,117

13.86%

$488,000

$435,000

-10.86%

$428,100

$435,000

1.61%

All Sales

STRATFORD 1 Family

3 8

68

78.95%

337

387

14.84%

$227,000

$246,250

8.48%

$226,000

$227,000

0.44%

Condo

1 8

16

-11.11%

94

102

8.51%

$160,250

$217,000

35.41%

$178,250

$165,250

-7.29%

91

42.19%

514

588

14.40%

$209,500

$235,000

12.17%

$214,950

$210,000

-2.30%

All Sales

6 4

TRUMBULL 1 Family

3 8

67

76.32%

263

357

35.74%

$382,550

$374,500

-2.10%

$360,000

$359,900

-0.03%

Condo

7

3

-57.14%

24

26

8.33%

$328,000

$277,000

-15.55%

$323,450

$313,500

-3.08%

4 6

75

63.04%

313

398

27.16%

$367,500

$360,000

-2.04%

$355,000

$354,500

-0.14%

1 Family

1 5

25

66.67%

118

109

-7.63%

$810,000

$800,000

-1.23%

$850,000

$800,000

-5.88%

Condo

0

0

0

0

1 7

29

70.59%

130

115

All Sales

WESTON

All Sales

N/A

N/A

N/A

N/A

-11.54%

$810,000

$795,000

$1,470,000

$1,177,500

N/A -1.85%

N/A

N/A

N/A

$827,450

$790,000

-4.53%

-19.90% $1,210,000

$1,237,500

2.27%

N/A $665,000

$640,000

-3.76%

-23.21% $1,100,000

$1,175,000

6.82%

WESTPORT 1 Family

3 9

44

12.82%

251

249

-0.80%

Condo

2

2

0.00%

20

14

-30.00%

4 5

49

8.89%

311

295

-5.14%

$1,400,000

$1,075,000

1 Family

2 0

25

25.00%

160

154

-3.75%

$944,813

$731,000

-22.63%

$871,225

$767,250 -11.93%

Condo

6

3

-50.00%

27

25

-7.41%

$735,000

$287,500

-60.88%

$388,000

$336,500 -13.27%

2 9

34

17.24%

204

194

-4.90%

$805,000

$657,500

-18.32%

$843,000

$711,750 -15.57%

All Sales

N/A

N/A

WILTON

All Sales

FAIRFIELD COUNTY 1 Family

8 15

907

11.29% 5,317

5,351

0.64%

$463,000

$445,000

-3.89%

$475,000

$435,000

-8.42%

Condo

2 58

319

23.64% 1,646

1,778

8.02%

$265,000

$260,000

-1.89%

$268,500

$255,000

-5.03%

1 ,268 1,444

13.88% 8,327

8,621

3.53%

$392,750

$370,000

-5.79%

$392,500

$365,000

-7.01%

All Sales

OCTOBER 2016 | THE COMMERCIAL RECORD | 25

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

3 0 2 1 5 4

41 16 60

36.67% -23.81% 11.11%

174 99 295

168 78 263

2 0 2 2 5

25 6 35

25.00% 200.00% 40.00%

102 33 157

2 8 6 3 7

26 6 35

-7.14% 0.00% -5.41%

7 0 1 7 1 00

62 16 98

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

-3.45% -21.21% -10.85%

$419,950 $241,500 $289,250

$405,000 $258,000 $356,000

-3.56% 6.83% 23.08%

$439,200 $205,000 $323,000

$425,000 $202,500 $335,000

-3.23% -1.22% 3.72%

120 32 172

17.65% $278,175 -3.03% 9.55% $243,500

$265,000 $201,750 $260,000

-4.74% $252,000 N/A $229,000 6.78% $246,000

$247,500 $240,000 $242,500

-1.79% 4.80% -1.42%

158 36 213

172 42 238

8.86% 16.67% 11.74%

$182,500 $147,875 $160,000

$212,450 $161,350 $215,000

16.41% 9.11% 34.38%

$179,575 $215,750 $180,000

$180,000 $232,500 $193,000

0.24% 7.76% 7.22%

-11.43% -5.88% -2.00%

322 62 463

365 84 562

13.35% 35.48% 21.38%

$181,000 $118,800 $169,000

$175,000 $109,000 $158,500

-3.31% -8.25% -6.21%

$179,900 $109,500 $167,000

$175,000 $100,000 $160,000

-2.72% -8.68% -4.19%

1 7 1 1 8

12 -29.41% 0 -100.00% 15 -16.67%

80 1 95

74 2 90

-7.50% 100.00% -5.26%

$255,000 N/A $252,500

$266,500 4.51% $293,750 N/A N/A N/A $296,000 17.23% $290,000

$260,600 -11.29% N/A N/A $270,100 -6.86%

1 5 5 2 3

14 4 18

-6.67% -20.00% -21.74%

66 29 112

77 23 111

16.67% -20.69% -0.89%

$330,000 $124,000 $280,000

$355,000 $140,500 $271,500

$322,450 $186,250 $282,475

$319,000 -1.07% $153,000 -17.85% $270,000 -4.42%

14 40.00% 0 -100.00% 14 16.67%

34 6 47

56 6 69

64.71% 0.00% 46.81%

$230,750 N/A $248,750

$312,950 35.62% $232,950 N/A N/A $94,892 $312,950 25.81% $235,000

$259,750 11.50% $192,788 103.17% $255,000 8.51%

AVON 1 Family Condo All Sales

BERLIN 1 Family Condo All Sales

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

BURLINGTON 1 Family Condo All Sales

CANTON 1 Family Condo All Sales

7.58% 13.31% -3.04%

EAST GRANBY 1 Family Condo All Sales

1 0 1 1 2

EAST HARTFORD 1 Family Condo All Sales

4 9 8 6 8

51 5 61

4.08% -37.50% -10.29%

284 37 404

317 27 433

11.62% -27.03% 7.18%

$130,000 $32,700 $122,000

$160,000 23.08% $90,000 175.23% $155,000 27.05%

$133,950 $53,000 $133,000

$149,900 $97,000 $145,000

11.91% 83.02% 9.02%

1 5 9 2 7

12 4 24

-20.00% -55.56% -11.11%

63 34 119

61 23 116

-3.17% -32.35% -2.52%

$266,000 $143,500 $190,000

$270,825 $178,000 $269,325

1.81% 24.04% 41.75%

$190,000 $154,200 $160,000

$217,800 $155,000 $176,500

14.63% 0.52% 10.31%

5 8 1 9 8 3

53 19 77

-8.62% 0.00% -7.23%

315 84 438

335 87 471

6.35% 3.57% 7.53%

$170,450 $145,500 $164,000

$166,900 $154,500 $169,000

-2.08% 6.19% 3.05%

$166,000 $138,000 $161,625

$169,000 $134,900 $164,900

1.81% -2.25% 2.03%

22 14 38

-12.00% -30.00% -25.49%

136 107 281

160 122 309

17.65% 14.02% 9.96%

$410,000 $192,500 $299,000

$407,500 $200,000 $317,500

-0.61% 3.90% 6.19%

$339,500 $195,000 $283,000

$342,000 $190,000 $270,000

0.74% -2.56% -4.59%

5 4 8 6 9

55 17 78

1.85% 112.50% 13.04%

265 89 406

311 90 444

17.36% 1.12% 9.36%

$380,000 $215,500 $364,900

$387,000 $204,900 $353,050

1.84% -4.92% -3.25%

$360,000 $178,000 $309,750

$342,000 $178,500 $314,250

-5.00% 0.28% 1.45%

2 6 1 2 9

12 2 16

-53.85% 100.00% -44.83%

98 14 128

97 10 132

-1.02% -28.57% 3.13%

$277,000 N/A $264,000

$282,000 N/A $262,500

1.81% $277,500 N/A $174,950 -0.57% $263,000

$268,000 $202,000 $259,250

-3.42% 15.46% -1.43%

34 12 91

30.77% 140.00% 59.65%

170 74 470

182 80 547

7.06% 8.11% 16.38%

$121,000 $58,500 $95,000

$138,250 $30,250 $136,500

16 0 17

9 0 10

-43.75% N/A -41.18%

EAST WINDSOR 1 Family Condo All Sales

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

2 5 2 0 5 1

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

HARTFORD 1 Family Condo All Sales

2 6 5 5 7

14.26% -48.29% 43.68%

$107,500 $56,750 $109,500

$119,000 10.70% $45,500 -19.82% $121,550 11.00%

HARTLAND 1 Family Condo All Sales

3 0 4

1 0 1

-66.67% N/A -75.00%

26 | THE COMMERCIAL RECORD | OCTOBER 2016

$184,900 N/A $252,450

N/A -100.00% $235,000 $265,000 12.77% N/A N/A N/A N/A N/A N/A -100.00% $255,000 $260,000 1.96%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

MANCHESTER 1 Family Condo All Sales

5 9 1 0 8 2

59 15 93

0.00% 50.00% 13.41%

314 54 441

366 71 550

16.56% 31.48% 24.72%

$167,000 $81,000 $159,450

$169,900 $71,234 $161,000

15 0 17

150.00% N/A 112.50%

57 7 78

58 2 65

35 4 67

-27.08% -50.00% -10.67%

239 46 438

45 21 70

60.71% 31.25% 45.83%

14 4 23

1.74% -12.06% 0.97%

$162,950 $113,500 $156,500

$165,000 1.26% $102,000 -10.13% $162,900 4.09%

1.75% -71.43% -16.67%

$327,500 N/A $255,000

$280,000 -14.50% $264,500 N/A N/A $203,000 $280,000 9.80% $228,500

$278,000 5.10% N/A - 100.00% $272,500 19.26%

263 35 492

10.04% -23.91% 12.33%

$141,700 $101,750 $147,000

$137,000 $54,500 $135,000

-3.32% -46.44% -8.16%

$128,000 $65,000 $127,000

$134,900 $65,000 $132,000

5.39% 0.00% 3.94%

194 74 303

189 108 333

-2.58% 45.95% 9.90%

$224,500 $138,250 $199,500

$215,000 $135,000 $198,700

-4.23% -2.35% -0.40%

$210,000 $138,200 $195,000

$214,000 $135,000 $191,000

1.90% -2.32% -2.05%

-6.67% -20.00% -11.54%

92 33 150

93 34 162

1.09% 3.03% 8.00%

$179,000 $265,000 $205,400

$226,500 $102,125 $225,000

26.54% -61.46% 9.54%

$180,000 $145,000 $179,450

$185,000 2.78% $122,369 -15.61% $179,800 0.20%

14 9 27

7.69% 50.00% 22.73%

85 75 179

87 101 209

2.35% 34.67% 16.76%

$251,000 $168,500 $228,250

$397,500 $180,000 $281,000

58.37% 6.82% 23.11%

$238,500 $161,000 $196,000

$284,900 $165,000 $210,900

19.45% 2.48% 7.60%

44 12 56

7.32% 20.00% 3.70%

203 52 268

253 58 325

24.63% 11.54% 21.27%

$338,000 $169,000 $314,500

$326,050 $132,688 $300,000

-3.54% -21.49% -4.61%

$328,000 $159,000 $298,500

$318,000 $165,750 $300,000

-3.05% 4.25% 0.50%

32 15 48

23.08% -6.25% 6.67%

145 68 235

165 79 270

13.79% 16.18% 14.89%

$271,500 $160,000 $225,000

$265,000 $169,500 $236,000

-2.39% 5.94% 4.89%

$266,900 $149,950 $239,900

$263,000 $172,600 $240,000

-1.46% 15.11% 0.04%

3 5 4 4 5

53 12 79

51.43% 200.00% 75.56%

224 57 363

264 70 401

17.86% 22.81% 10.47%

$259,000 $144,000 $245,000

$265,000 $143,750 $222,500

2.32% -0.17% -9.18%

$252,750 $180,000 $230,900

$265,000 4.85% $145,000 -19.44% $233,000 0.91%

1 5 5 2 5

22 3 32

46.67% -40.00% 28.00%

84 26 144

91 34 160

8.33% 30.77% 11.11%

$274,900 $227,000 $270,500

$326,500 $165,000 $335,950

18.77% -27.31% 24.20%

$292,200 $147,500 $272,700

$300,000 2.67% $162,000 9.83% $245,000 -10.16%

91 11 114

37.88% -26.67% 26.67%

474 100 632

565 100 742

19.20% 0.00% 17.41%

$326,850 $200,000 $311,500

$290,000 $264,000 $278,250

-11.27% 32.00% -10.67%

$300,500 $238,625 $296,875

$303,000 0.83% $205,000 -14.09% $290,000 -2.32%

2 5 7 3 7

60 4 66

140.00% -42.86% 78.38%

223 35 288

268 30 320

20.18% -14.29% 11.11%

$237,000 $157,000 $237,000

$247,500 $174,200 $230,000

4.43% 10.96% -2.95%

$226,600 $142,350 $213,750

$230,000 $129,500 $220,000

1.50% -9.03% 2.92%

3 5 6 4 7

38 10 52

8.57% 66.67% 10.64%

193 35 261

229 52 324

18.65% 48.57% 24.14%

$165,500 $253,500 $199,000

$217,450 $246,871 $220,450

31.39% -2.61% 10.78%

$184,000 $182,000 $184,000

$180,000 $171,500 $180,000

-2.17% -5.77% -2.17%

15 3 23

-11.76% -57.14% -14.81%

73 25 120

93 20 144

27.40% -20.00% 20.00%

$166,900 $131,000 $166,900

$155,900 $113,000 $170,000

-6.59% -13.74% 1.86%

$157,000 $126,000 $155,250

$164,000 $129,500 $167,500

4.46% 2.78% 7.89%

10.97% 4,883 2.52% 1,392 10.87% 7,545

5,488 1,500 8,464

12.39% 7.76% 12.18%

$220,000 $155,000 $200,000

$235,000 $154,000 $212,000

6.82% -0.65% 6.00%

$214,500 $155,000 $195,000

$220,000 $150,500 $199,900

2.56% -2.90% 2.51%

MARLBOROUGH 1 Family Condo All Sales

6 0 8

NEW BRITAIN 1 Family Condo All Sales

4 8 8 7 5

NEWINGTON 1 Family Condo All Sales

2 8 1 6 4 8

PLAINVILLE 1 Family Condo All Sales

1 5 5 2 6

ROCKY HILL 1 Family Condo All Sales

1 3 6 2 2

SIMSBURY 1 Family Condo All Sales

4 1 1 0 5 4

SOUTH WINDSOR 1 Family Condo All Sales

2 6 1 6 4 5

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

WEST HARTFORD 1 Family Condo All Sales

6 6 1 5 9 0

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

1 7 7 2 7

HARTFORD COUNTY 1 Family Condo All Sales

8 75 971 2 38 244 1 ,288 1,428

OCTOBER 2016 | THE COMMERCIAL RECORD | 27

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BARKHAMSTED 1 Family Condo All Sales

3 0 3

3 0 6

0.00% N/A 100.00%

27 0 33

23 0 29

-14.81% N/A -12.12%

$231,000 N/A $231,000

$297,000 28.57% $225,000 N/A N/A N/A $283,500 22.73% $222,500

$257,500 14.44% N/A N/A $258,000 15.96%

4 0 4

33.33% N/A 33.33%

21 0 23

23 0 31

9.52% N/A 34.78%

$150,000 N/A $150,000

$213,050 42.03% $252,000 N/A N/A N/A $213,050 42.03% $252,000

$248,200 -1.51% N/A N/A $226,000 -10.32%

3 0 3

0 -100.00% 0 N/A 2 -33.33%

14 1 17

12 0 20

$531,000 N/A $531,000

N/A -100.00% $397,500 N/A N/A N/A N/A -100.00% $390,000

$320,000 -19.50% N/A N/A $320,000 -17.95%

0 0 1

3 0 3

N/A N/A 200.00%

6 0 10

10 0 13

66.67% N/A 30.00%

N/A N/A N/A

$280,000 N/A $280,000

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

$255,000 2.00% N/A N/A $220,000 -12.00%

4 0 5

N/A N/A N/A

8 0 10

16 0 18

100.00% N/A 80.00%

N/A N/A N/A

$144,500 N/A $232,500

N/A $165,000 N/A N/A N/A $190,500

$197,250 19.55% N/A N/A $202,750 6.43%

1 0 2

2 0 2

100.00% N/A 0.00%

4 0 10

12 0 17

200.00% N/A 70.00%

N/A N/A N/A

N/A N/A N/A

N/A $296,000 N/A N/A N/A $133,500

$345,000 16.55% N/A N/A $390,000 192.13%

6 0 7

8 0 9

33.33% N/A 28.57%

36 0 49

36 1 44

0.00% N/A -10.20%

$330,000 N/A $300,000

$367,500 11.36% $305,000 N/A N/A N/A $360,000 20.00% $300,000

$310,000 1.64% N/A N/A $300,000 0.00%

8 0 1 1

9 0 13

12.50% N/A 18.18%

40 0 64

54 1 73

35.00% N/A 14.06%

$214,500 N/A $200,000

$220,000 2.56% $221,500 N/A N/A N/A $288,000 44.00% $195,000

$252,500 14.00% N/A N/A $247,000 26.67%

2 1 4

4 3 8

100.00% 200.00% 100.00%

20 8 34

20 7 39

0.00% -12.50% 14.71%

N/A N/A $295,000

$375,000 $156,000 $231,500

N/A $310,000 N/A $165,000 -21.53% $295,250

$339,750 $169,900 $275,000

9.60% 2.97% -6.86%

-2.15% $309,500 N/A $269,000 0.99% $275,000

$285,000 $257,500 $302,500

-7.92% -4.28% 10.00%

BETHLEHEM 1 Family Condo All Sales

3 0 3

BRIDGEWATER 1 Family Condo All Sales

-14.29% -100.00% 17.65%

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

0 0 0

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

1 0 0 2 0

8 1 16

-20.00% N/A -20.00%

44 5 73

53 7 88

20.45% 40.00% 20.55%

$302,000 N/A $302,000

$295,500 N/A $305,000

3 0 3

4 0 6

33.33% N/A 100.00%

20 0 25

10 0 17

-50.00% N/A -32.00%

$249,000 N/A $249,000

$260,750 4.72% $249,500 N/A N/A N/A $437,250 75.60% $232,842

$260,750 4.51% N/A N/A $225,000 -3.37%

51 5 69

38 5 62

-25.49% 0.00% -10.14%

$228,500 N/A $220,000

$245,500 N/A $200,200

7.44% $239,000 N/A $71,000 -9.00% $220,000

$229,550 $113,500 $201,000

-3.95% 59.86% -8.64%

14.62% -27.27% 8.49%

$255,950 $105,000 $215,000

$264,000 $142,000 $240,000

3.15% 35.24% 11.63%

$274,950 $132,450 $242,750

-3.53% 20.41% 3.30%

MORRIS 1 Family Condo All Sales

NEW HARTFORD 1 Family Condo All Sales

1 2 1 1 5

6 -50.00% 0 -100.00% 12 -20.00%

NEW MILFORD 1 Family Condo All Sales

3 4 1 1 4 7

27 6 45

-20.59% -45.45% -4.26%

171 55 271

196 40 294

1 0 4

2 0 2

100.00% N/A -50.00%

8 0 14

13 0 19

$285,000 $110,000 $235,000

NORFOLK 1 Family Condo All Sales

62.50% N/A 35.71%

28 | THE COMMERCIAL RECORD | OCTOBER 2016

N/A N/A $130,000

N/A N/A $212,500 N/A N/A N/A N/A -100.00% $171,500

$196,500 -7.53% N/A N/A $185,000 7.87%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

$92,500

$153,900

NORTH CANAAN 1 Family

1

3

Condo

0

0

2

5

All Sales

200.00%

14

22

0

0

150.00%

24

35

N/A

57.14% N/A 45.83%

N/A N/A N/A

N/A $92,500

N/A $148,000 N/A

N/A

N/A $170,000

N/A

3.99% N/A

$150,000 -11.76%

PLYMOUTH 1 Family

1 2

17

41.67%

65

65

0.00%

Condo

2

2

0.00%

7

9

28.57%

1 4

21

50.00%

91

94

3.30%

$161,000

$153,500

-4.66%

$157,900

$154,450

1 Family

4

3

-25.00%

22

23

4.55%

$1,199,275

$293,000

-75.57%

$580,000

$495,000 -14.66%

Condo

0

0

0

0

4

4

0.00%

32

33

66.67%

24 1

All Sales

$169,500 N/A

$157,000 N/A

-7.37%

$161,500

N/A $124,840

$166,000

2.79%

$97,900 -21.58% -2.18%

ROXBURY

All Sales

N/A

N/A

N/A

3.13%

$1,199,275

30

25.00%

$550,000

2

100.00%

N/A $571,500

N/A

N/A

N/A

N/A

-52.35%

$353,000

$450,000

27.48%

$1,100,000 100.00%

$550,000

$382,500 -30.45%

SALISBURY 1 Family

3

5

Condo

0

2

5

7

40.00%

36

38

5.56%

$550,000

$495,000

-10.00%

$487,500

$325,000 -33.33%

1 Family

4

5

25.00%

29

31

6.90%

$104,750

$503,000 380.19%

$290,000

$330,000

Condo

0

0

1

1

0.00%

5

6

20.00%

42

43

2.38%

200.00%

34

33

-2.94%

N/A

6

9

50.00%

N/A

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

SHARON

All Sales

N/A

N/A $126,000

N/A

N/A

$480,250 281.15%

N/A

N/A

13.79% N/A

$281,250

$305,000

8.44%

N/A $201,350

$215,000

6.78%

THOMASTON 1 Family

2

6

Condo

0

1

3

10

233.33%

51

50

-1.96%

$230,000

$204,500

All Sales

N/A

$204,500 N/A

N/A $122,000

$95,000 -22.13%

-11.09%

$195,000

$185,000

-5.13%

$132,000

6.45%

TORRINGTON 1 Family

3 1

43

38.71%

197

263

33.50%

$125,000

$150,000

20.00%

$124,000

Condo

7

8

14.29%

42

55

30.95%

$85,000

$65,250

-23.24%

$81,500

4 4

71

61.36%

279

409

46.59%

$114,950

$120,000

4.39%

$114,900

$119,500

1 Family

3

1

-66.67%

11

15

36.36%

$262,000

N/A -100.00%

$262,000

$560,000 113.74%

Condo

0

0

0

0

4

1

-75.00%

16

20

0.00%

33 5

All Sales

$72,000 -11.66% 4.00%

WARREN

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

25.00%

$280,500

N/A -100.00%

$253,500

$294,250

16.07%

38

15.15%

$376,000

$1,375,000 265.69%

$670,000

$500,000 -25.37%

1

-80.00% -9.26%

$1,260,000

$835,000

-33.73%

$484,500

$475,000

-1.96%

$190,000

$208,000

9.47%

$199,900

$190,000

-4.95%

N/A $145,000

$140,000

-3.45% 2.21%

WASHINGTON 1 Family

3

3

Condo

0

1

5

4

-20.00%

54

49

21.74%

163

160

-1.84%

13

17

30.77% 1.83%

$175,000

$205,000

17.14%

$181,000

$185,000

$137,000

$159,000

16.06%

$135,000

$147,000

8.89%

$52,450

$69,500

32.51%

All Sales

N/A

N/A

N/A

N/A $255,000

N/A -100.00%

WATERTOWN 1 Family

2 3

28

Condo

0

2

2 9

36

24.14%

218

222

All Sales

N/A

N/A

N/A

WINCHESTER 1 Family

1 7

9

-47.06%

71

70

-1.41%

Condo

1

1

0.00%

6

8

33.33%

2 2

17

-22.73%

94

108

14.89%

$130,000

$159,000

22.31%

$130,000

$135,500

4.23%

$318,000

6.00%

$267,000

$347,750

30.24%

N/A -100.00%

$100,000

$130,000

30.00%

8.69%

$241,500

$296,250

22.67%

All Sales

N/A

N/A

N/A

WOODBURY 1 Family

9

16

77.78%

51

60

17.65%

$300,000

Condo

5

2

-60.00%

37

20

-45.95%

$180,000

1 4

20

42.86%

107

102

-4.67%

$281,075

$305,500

12.63% 1,184

All Sales

LITCHFIELD COUNTY 1 Family

1 98

223

Condo

2 8

29

2 74

335

All Sales

1,326

11.99%

$215,450

$225,000

4.43%

$220,000

$216,750

-1.48%

192

183

-4.69%

$100,000

$129,000

29.00%

$109,000

$108,000

-0.92%

22.26% 1,746

1,967

12.66%

$187,500

$210,000

12.00%

$193,950

$192,000

-1.01%

3.57%

OCTOBER 2016 | THE COMMERCIAL RECORD | 29

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

CHESTER 1 Family Condo All Sales

2 0 3

5 0 6

150.00% N/A 100.00%

33 1 38

33 0 37

0.00% -100.00% -2.63%

N/A N/A $345,000

$244,000 N/A $345,000 N/A N/A N/A $267,000 -22.61% $335,000

$262,000 -24.06% N/A N/A $250,125 -25.34%

2 2 6 2 8

22 6 33

0.00% 0.00% 17.86%

117 15 143

120 27 178

2.56% 80.00% 24.48%

$276,000 $164,500 $244,500

$267,500 $142,500 $240,000

-3.08% -13.37% -1.84%

$255,000 $150,000 $245,000

$265,000 $155,000 $240,000

3.92% 3.33% -2.04%

15 13 31

15.38% 62.50% 34.78%

68 76 170

82 91 198

20.59% 19.74% 16.47%

$225,000 $107,500 $200,000

$265,000 $132,000 $186,500

17.78% 22.79% -6.75%

$228,450 $132,563 $184,950

$264,000 $135,900 $177,000

15.56% 2.52% -4.30%

26 5 35

39 5 50

50.00% 0.00% 42.86%

$225,000 N/A $237,500

$217,000 N/A $248,500

-3.56% $234,500 N/A $144,950 4.63% $230,000

$235,000 $134,600 $234,950

0.21% -7.14% 2.15%

9 -18.18% 0 -100.00% 13 -7.14%

37 5 49

55 3 67

48.65% -40.00% 36.73%

$275,000 N/A $238,000

$307,500 11.82% $325,000 N/A N/A $220,000 $329,900 38.61% $289,000

$307,500 -5.38% $99,900 -54.59% $307,500 6.40%

21 0 26

110.00% N/A 100.00%

66 4 95

82 2 100

24.24% -50.00% 5.26%

$210,000 N/A $205,000

$265,000 26.19% $222,500 N/A N/A $136,000 $223,000 8.78% $208,500

$256,000 15.06% N/A - 100.00% $230,000 10.31%

1 6 2 2 1

14 2 16

-12.50% 0.00% -23.81%

101 17 131

100 8 129

-0.99% -52.94% -1.53%

$203,750 N/A $190,000

$273,250 34.11% $242,000 N/A N/A $116,100 $258,500 36.05% $229,000

$255,000 $166,250 $257,000

6 1 7

10 2 14

66.67% 100.00% 100.00%

36 9 59

53 14 78

47.22% 55.56% 32.20%

$267,500 N/A $265,000

$380,000 42.06% $382,950 N/A N/A $220,500 $232,500 -12.26% $340,000

$312,500 -18.40% $221,250 0.34% $277,750 -18.31%

6 0 9

8 0 10

33.33% N/A 11.11%

52 0 74

79 0 92

51.92% N/A 24.32%

$211,250 N/A $207,500

$240,000 13.61% $261,500 N/A N/A N/A $240,000 15.66% $245,000

$255,000 -2.49% N/A N/A $245,000 0.00%

12 0 12

100.00% N/A 100.00%

45 0 50

62 0 66

37.78% N/A 32.00%

$377,250 N/A $377,250

$323,945 -14.13% $380,000 N/A N/A N/A $323,945 -14.13% $382,250

$325,000 -14.47% N/A N/A $325,000 -14.98%

5 0 5

-16.67% N/A -16.67%

31 3 40

28 4 41

-9.68% 33.33% 2.50%

$220,500 N/A $220,500

$298,000 35.15% $240,000 N/A N/A $197,500 $298,000 35.15% $237,500

$266,000 $198,450 $249,900

10.83% 0.48% 5.22%

-11.11% 0.00% -10.34%

216 75 336

206 87 353

-4.63% 16.00% 5.06%

$227,000 $114,000 $219,500

$216,750 $109,250 $184,500

$198,950 $115,000 $175,000

$214,250 $109,000 $175,000

7.69% -5.22% 0.00%

15 -42.31% 0 -100.00% 15 -53.13%

129 15 167

89 9 132

-31.01% -40.00% -20.96%

$294,500 N/A $296,500

$360,000 22.24% $340,000 N/A N/A $325,000 $360,000 21.42% $330,000

$350,000 $350,000 $335,900

2.94% 7.69% 1.79%

66 15 96

75 11 111

13.64% -26.67% 15.63%

$212,250 $320,000 $211,000

$200,000 -5.77% N/A -100.00% $200,000 -5.21%

$229,000 $189,500 $215,000

12.25% 11.47% 7.80%

CLINTON 1 Family Condo All Sales

CROMWELL 1 Family Condo All Sales

1 3 8 2 3

DEEP RIVER 1 Family Condo All Sales

5 0 6

5 1 8

0.00% N/A 33.33%

DURHAM 1 Family Condo All Sales

1 1 2 1 4

EAST HADDAM 1 Family Condo All Sales

1 0 0 1 3

EAST HAMPTON 1 Family Condo All Sales

5.37% 43.20% 12.23%

ESSEX 1 Family Condo All Sales

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

6 0 6

MIDDLEFIELD 1 Family Condo All Sales

6 0 6

MIDDLETOWN 1 Family Condo All Sales

3 6 1 1 5 8

32 11 52

-4.52% -4.17% -15.95%

OLD SAYBROOK 1 Family Condo All Sales

2 6 2 3 2

PORTLAND 1 Family Condo All Sales

1 4 3 1 9

15 2 21

7.14% -33.33% 10.53%

30 | THE COMMERCIAL RECORD | OCTOBER 2016

$204,000 $170,000 $199,450

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

4 1 19

34 4 59

750.00% 300.00% 210.53%

7.82% 1,027 8.57% 241 9.72% 1,502

1,137 265 1,691

10.71% 9.96% 12.58%

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

WESTBROOK 1 Family Condo All Sales

0 0 2

5 1 9

N/A N/A 350.00%

N/A N/A N/A

$299,000 N/A $300,000

N/A $215,000 N/A N/A N/A $5,000

$295,000 37.21% $388,500 N/A $269,000 5280.00%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 79 3 5 2 47

193 38 271

$247,500 $154,000 $230,000

$263,000 $130,000 $240,000

6.26% -15.58% 4.35%

$250,000 $137,549 $230,000

$260,000 $133,000 $234,900

4.00% -3.31% 2.13%

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OCTOBER 2016 | THE COMMERCIAL RECORD | 31

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANSONIA 1 Family Condo All Sales

1 8 0 2 5

18 1 26

0.00% N/A 4.00%

88 1 145

108 4 160

22.73% 300.00% 10.34%

$190,000 N/A $175,000

$187,500 -1.32% $168,728 N/A N/A N/A $204,000 16.57% $160,000

$178,000 $107,500 $169,950

5.50% N/A 6.22%

$221,000 $313,700 $242,450

3.76% 23.02% 5.87%

BEACON FALLS 1 Family Condo All Sales

4 3 9

6 3 12

50.00% 0.00% 33.33%

30 12 53

35 13 62

16.67% 8.33% 16.98%

$167,300 $291,700 $259,000

$221,000 $259,900 $245,000

32.10% -10.90% -5.41%

$213,000 $255,000 $229,000

6 0 6

15 0 15

150.00% N/A 150.00%

27 0 29

41 0 44

51.85% N/A 51.72%

$260,000 N/A $260,000

$337,500 29.81% $335,050 N/A N/A N/A $337,500 29.81% $350,000

$322,500 -3.75% N/A N/A $305,000 -12.86%

17 12 37

-34.62% -29.41% -26.00%

138 127 325

144 105 294

4.35% -17.32% -9.54%

$329,950 $156,250 $290,000

$342,500 $157,200 $237,000

3.80% 0.61% -18.28%

$322,500 $154,000 $233,000

$301,500 $152,000 $224,450

-6.51% -1.30% -3.67%

2 4 6 3 5

47 7 60

95.83% 16.67% 71.43%

198 44 266

202 47 285

2.02% 6.82% 7.14%

$328,700 $241,000 $324,900

$300,000 $177,500 $286,250

-8.73% -26.35% -11.90%

$324,950 $152,150 $288,750

$308,000 $168,000 $285,000

-5.22% 10.42% -1.30%

8 3 1 3

9 4 13

12.50% 33.33% 0.00%

53 27 102

55 28 116

3.77% 3.70% 13.73%

$155,500 $150,000 $150,000

$225,000 $122,250 $170,000

44.69% -18.50% 13.33%

$161,000 $130,000 $137,550

$189,900 $126,250 $161,700

17.95% -2.88% 17.56%

37 18 60

85.00% 260.00% 114.29%

167 53 245

201 74 307

20.36% 39.62% 25.31%

$185,000 $91,000 $174,950

$185,000 $114,000 $167,500

0.00% 25.27% -4.26%

$175,000 $119,700 $170,000

$180,000 $131,000 $173,000

2.86% 9.44% 1.76%

2 8 5 3 8

26 5 36

-7.14% 0.00% -5.26%

173 23 224

185 24 237

6.94% 4.35% 5.80%

$360,000 $240,000 $325,050

$349,000 $110,000 $342,500

-3.06% -54.17% 5.37%

$352,000 $233,500 $341,000

$348,000 -1.14% $114,750 -50.86% $330,000 -3.23%

3 5 1 5 6 6

48 10 75

37.14% -33.33% 13.64%

297 75 429

367 78 514

23.57% 4.00% 19.81%

$207,337 $100,000 $169,500

$192,500 $136,500 $175,000

-7.16% 36.50% 3.24%

$203,000 $120,000 $180,000

$196,000 $112,500 $181,125

-3.45% -6.25% 0.63%

3 7 5 4 4

36 3 42

-2.70% -40.00% -4.55%

174 16 210

186 14 221

6.90% -12.50% 5.24%

$450,000 $217,500 $410,000

$376,250 $193,500 $372,500

-16.39% -11.03% -9.15%

$403,500 $236,000 $400,000

$400,000 $228,000 $378,000

-0.87% -3.39% -5.50%

4 8 1 2 7 3

56 12 88

16.67% 0.00% 20.55%

307 72 479

365 101 584

18.89% 40.28% 21.92%

$144,000 $113,500 $133,333

$160,000 $111,500 $150,000

11.11% -1.76% 12.50%

$147,900 $95,250 $134,900

$154,900 $90,000 $134,375

4.73% -5.51% -0.39%

14 100.00% 0 -100.00% 18 80.00%

52 12 85

53 11 93

1.92% -8.33% 9.41%

$235,000 N/A $250,000

$220,000 N/A $255,250

-6.38% $292,000 N/A $330,000 2.10% $299,000

$270,500 $450,000 $290,000

-7.36% 36.36% -3.01%

BETHANY 1 Family Condo All Sales

BRANFORD 1 Family Condo All Sales

2 6 1 7 5 0

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

2 0 5 2 8

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

MADISON 1 Family Condo All Sales

MERIDEN 1 Family Condo All Sales

MIDDLEBURY 1 Family Condo All Sales

7 2 1 0

MILFORD 1 Family Condo All Sales

6 5 2 0 9 8

73 22 104

12.31% 10.00% 6.12%

338 114 519

377 121 575

11.54% 6.14% 10.79%

$295,000 $205,000 $285,000

$285,000 $207,500 $267,450

-3.39% 1.22% -6.16%

$270,000 $182,500 $258,400

$280,000 $176,000 $262,000

3.70% -3.56% 1.39%

32 14 54

18.52% 180.00% 54.29%

187 40 270

211 42 300

12.83% 5.00% 11.11%

$173,000 $56,000 $164,000

$161,835 $78,250 $143,750

-6.45% 39.73% -12.35%

$158,500 $59,700 $140,000

$161,300 $68,750 $148,750

1.77% 15.16% 6.25%

NAUGATUCK 1 Family Condo All Sales

2 7 5 3 5

32 | THE COMMERCIAL RECORD | OCTOBER 2016

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NEW HAVEN 1 Family Condo All Sales

2 8 1 4 7 4

35 20 105

25.00% 42.86% 41.89%

215 107 570

248 99 683

15.35% -7.48% 19.82%

$180,000 $157,500 $144,500

$172,000 $159,750 $175,000

-4.44% 1.43% 21.11%

$170,000 $125,000 $155,250

$177,500 $130,000 $163,000

4.41% 4.00% 4.99%

17 2 20

21.43% -66.67% -13.04%

66 20 97

87 16 110

31.82% -20.00% 13.40%

$230,750 $164,250 $226,500

$236,600 2.54% N/A -100.00% $222,801 -1.63%

$262,500 $161,450 $238,300

$250,000 $155,000 $242,500

-4.76% -4.00% 1.76%

2 5 3 2 9

29 2 40

16.00% -33.33% 37.93%

156 12 187

170 17 231

8.97% 41.67% 23.53%

$325,000 $227,000 $318,500

$260,000 -20.00% N/A -100.00% $264,500 -16.95%

$263,175 $230,150 $262,850

$261,250 $225,000 $260,000

-0.73% -2.24% -1.08%

2 5 2 2 7

22 1 25

-12.00% -50.00% -7.41%

95 7 117

108 4 134

13.68% -42.86% 14.53%

$370,000 N/A $370,000

$357,950 N/A $344,000

-3.26% $350,100 N/A $457,212 -7.03% $365,000

$345,000 $539,434 $370,950

-1.46% 17.98% 1.63%

1 1 9 2 4

14 2 16

27.27% -77.78% -33.33%

58 22 110

79 20 127

36.21% -9.09% 15.45%

$315,000 $375,000 $333,750

$369,000 17.14% N/A -100.00% $370,250 10.94%

$304,100 $375,000 $358,000

$330,000 $370,000 $346,490

8.52% -1.33% -3.22%

8 1 13

-27.27% -66.67% -23.53%

70 9 97

59 23 96

-15.71% 155.56% -1.03%

$245,000 $360,359 $275,000

$242,500 -1.02% N/A -100.00% $220,000 -20.00%

$260,500 $360,359 $275,000

$270,000 $363,856 $299,000

3.65% 0.97% 8.73%

20 2 26

5.26% 0.00% 4.00%

102 21 148

111 23 161

8.82% 9.52% 8.78%

$220,000 N/A $220,000

$223,000 N/A $210,000

1.36% $220,000 N/A $121,000 -4.55% $206,101

$215,000 -2.27% $97,000 -19.83% $188,000 -8.78%

26 38 66

-7.14% 8.57% -7.04%

110 145 288

146 176 345

32.73% 21.38% 19.79%

$351,500 $120,000 $190,967

$383,950 $123,500 $174,750

9.23% 2.92% -8.49%

$350,500 $120,000 $187,750

$335,000 $125,000 $190,000

-4.42% 4.17% 1.20%

39 21 69

0.00% 75.00% 11.29%

221 84 359

272 89 429

23.08% 5.95% 19.50%

$246,000 $155,000 $243,000

$270,000 $184,900 $255,000

9.76% 19.29% 4.94%

$247,000 $166,000 $230,000

$241,750 $170,000 $234,000

-2.13% 2.41% 1.74%

82 15 120

43.86% -48.28% -1.64%

377 163 770

467 127 820

23.87% -22.09% 6.49%

$117,000 $52,500 $71,000

$101,000 $40,000 $85,000

-13.68% -23.81% 19.72%

$99,500 $44,420 $75,000

$100,000 $54,500 $85,150

0.50% 22.69% 13.53%

45 8 62

9.76% -27.27% -4.62%

229 55 360

265 60 415

15.72% 9.09% 15.28%

$140,000 $130,500 $150,400

$162,000 $112,500 $163,500

15.71% -13.79% 8.71%

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

$158,000 $102,500 $158,000

2.00% 2.50% 5.33%

20 2 25

-16.67% -33.33% -16.67%

113 13 140

105 10 138

-7.08% -23.08% -1.43%

$237,000 $300,570 $242,250

$244,000 2.95% N/A -100.00% $202,800 -16.28%

$196,000 $276,000 $198,000

$215,000 9.69% $173,000 -37.32% $202,650 2.35%

88 0 96

91 0 96

$394,250 N/A $418,000

$382,500 N/A $382,500

18.09% 4,129 -0.88% 1,274 12.19% 6,720

4,738 1,326 7,577

$242,000 $149,500 $206,169

$230,000 $132,000 $202,000

NORTH BRANFORD 1 Family Condo All Sales

1 4 6 2 3

NORTH HAVEN 1 Family Condo All Sales

ORANGE 1 Family Condo All Sales

OXFORD 1 Family Condo All Sales

PROSPECT 1 Family Condo All Sales

1 1 3 1 7

SEYMOUR 1 Family Condo All Sales

1 9 2 2 5

SOUTHBURY 1 Family Condo All Sales

2 8 3 5 7 1

WALLINGFORD 1 Family Condo All Sales

3 9 1 2 6 2

WATERBURY 1 Family Condo All Sales

5 7 2 9 1 22

WEST HAVEN 1 Family Condo All Sales

4 1 1 1 6 5

WOLCOTT 1 Family Condo All Sales

2 4 3 3 0

WOODBRIDGE 1 Family Condo All Sales

1 6 0 1 7

25 0 25

56.25% N/A 47.06%

3.41% N/A 0.00%

-2.98% $379,500 N/A N/A -8.49% $379,500

$360,000 -5.14% N/A N/A $359,000 -5.40%

NEW HAVEN COUNTY 1 Family Condo All Sales

6 91 816 2 27 225 1 ,116 1,252

14.75% 4.08% 12.75%

-4.96% -11.71% -2.02%

$220,000 $129,183 $187,000

$216,000 $130,000 $191,000

-1.82% 0.63% 2.14%

OCTOBER 2016 | THE COMMERCIAL RECORD | 33

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

18 0 25

20 0 24

11.11% N/A -4.00%

$149,500 N/A $318,000

$197,450 32.07% $165,250 N/A N/A N/A $158,800 -50.06% $200,000

$180,000 8.93% N/A N/A $177,500 -11.25%

BOZRAH 1 Family Condo All Sales

3 0 5

4 0 5

33.33% N/A 0.00%

COLCHESTER 1 Family Condo All Sales

2 0 3 2 7

23 5 34

15.00% 66.67% 25.93%

106 18 144

135 16 171

27.36% -11.11% 18.75%

$230,138 $80,000 $224,900

$258,000 12.11% $210,000 162.50% $246,000 9.38%

$222,000 $149,500 $217,000

$240,000 $207,500 $234,900

8.11% 38.80% 8.25%

18 4 25

-14.29% -42.86% -26.47%

136 42 239

138 37 215

1.47% -11.90% -10.04%

$268,000 $178,000 $241,000

$270,000 $239,000 $280,000

$296,000 $181,500 $242,500

$277,000 $179,000 $268,000

-6.42% -1.38% 10.52%

4 0 5

300.00% N/A 150.00%

10 0 19

17 0 21

70.00% N/A 10.53%

42 5 60

39 6 69

-7.14% 20.00% 15.00% 20.38% -40.32% 9.92%

EAST LYME 1 Family Condo All Sales

2 1 7 3 4

0.75% 34.27% 16.18%

FRANKLIN 1 Family Condo All Sales

1 0 2

N/A N/A N/A

$176,250 N/A $187,500

N/A $202,000 N/A N/A N/A $190,000

$152,450 N/A $149,900

$148,400 N/A $144,200

$245,000 $170,000 $197,000

$234,000 $90,000 $200,500

$185,000 N/A $32,000

$230,000 24.32% $187,500 N/A N/A N/A $228,500 614.06% $164,950

$187,500 -7.18% N/A N/A $200,000 5.26%

GRISWOLD 1 Family Condo All Sales

6 1 9

5 -16.67% 0 -100.00% 6 -33.33%

-2.66% $167,500 N/A $67,000 -3.80% $156,000

$131,500 -21.49% $99,950 49.18% $100,000 -35.90%

GROTON 1 Family Condo All Sales

2 9 9 4 3

28 9 44

-3.45% 0.00% 2.33%

157 62 252

189 37 277

-4.49% -47.06% 1.78%

$250,000 $129,450 $199,500

$230,000 $124,000 $200,000

-8.00% -4.21% 0.25%

4 0 9

15 0 16

275.00% N/A 77.78%

44 0 62

59 0 69

2 0 1 2 6

26 1 31

30.00% 0.00% 19.23%

131 7 154

164 9 194

3 0 5

5 0 6

66.67% N/A 20.00%

27 0 41

29 0 43

7.41% N/A 4.88%

$270,000 N/A $240,000

$165,000 -38.89% $183,000 N/A N/A N/A $172,450 -28.15% $170,000

$172,900 -5.52% N/A N/A $169,900 -0.06%

1 0 4

7 0 9

600.00% N/A 125.00%

12 0 22

24 0 35

100.00% N/A 59.09%

N/A N/A $310,400

$341,460 N/A $546,250 N/A N/A N/A $376,000 21.13% $512,500

$408,000 -25.31% N/A N/A $376,000 -26.63%

23 -17.86% 0 -100.00% 28 -12.50%

116 7 141

122 4 160

5.17% -42.86% 13.48%

$169,950 N/A $167,450

$170,000 N/A $167,000

0.03% $179,000 N/A $48,000 -0.27% $170,000

$180,750 $57,000 $174,500

0.98% 18.75% 2.65%

14 3 30

125 21 213

98 27 217

-21.60% 28.57% 1.88%

$121,000 N/A $140,450

$141,400 $179,900 $137,450

16.86% $140,000 N/A $69,000 -2.14% $137,700

$145,000 $132,000 $130,000

3.57% 91.30% -5.59%

-7.69% N/A -4.35%

$219,000 N/A $219,000

$238,900 N/A $211,314

9.09% $219,000 N/A N/A -3.51% $219,000

$240,000 9.59% N/A N/A $230,314 5.17%

3.65% 69.57% 13.49%

$104,800 N/A $97,300

$95,500 $84,000 $86,500

LEBANON 1 Family Condo All Sales

34.09% N/A 11.29%

$195,000 4.00% N/A N/A $186,900 13.31%

LEDYARD 1 Family Condo All Sales

25.19% $193,125 $237,500 28.57% 25.97% $183,500 $244,000

22.98% $195,000 N/A $82,500 32.97% $191,000

$201,434 3.30% $46,000 -44.24% $200,000 4.71%

LISBON 1 Family Condo All Sales

LYME 1 Family Condo All Sales

MONTVILLE 1 Family Condo All Sales

2 8 2 3 2

NEW LONDON 1 Family Condo All Sales

2 1 1 3 2

-33.33% 200.00% -6.25%

NORTH STONINGTON 1 Family Condo All Sales

7 0 1 0

5 0 8

-28.57% N/A -20.00%

52 0 69

48 0 66

1 8 0 2 4

16 7 30

-11.11% N/A 25.00%

137 23 215

142 39 244

NORWICH 1 Family Condo All Sales

34 | THE COMMERCIAL RECORD | OCTOBER 2016

-8.87% $100,000 N/A $116,407 -11.10% $100,000

$125,000 25.00% $102,500 -11.95% $105,500 5.50%

Real estate & credit transactions updated every Thursday

www.commercialrecord.com • subscribers only

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

AUG 2015

$290,000

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

OLD LYME 1 Family

5

7

Condo

0

0

6

10

1 Family

3

6

Condo

0

1

5

8

1 Family

6

5

Condo

0

0

8

5

1 Family

2

4

Condo

0

0

3

4

All Sales

40.00%

75

50

-33.33%

3

4

33.33%

66.67%

102

71

-30.39%

$279,500

$299,500

7.16%

$390,000

$333,000 -14.62%

100.00%

39

35

-10.26%

$197,500

$209,100

5.87%

$197,500

$214,900

0

1

60.00%

55

47

-14.55%

$150,000

$190,550

27.03%

$197,500

$208,200

5.42%

-16.67%

30

24

-20.00%

$235,500

$300,000

27.39%

$262,500

$287,500

9.52%

2

2

0.00%

-37.50%

41

35

-14.63%

100.00%

16

23

43.75%

0

0

33.33%

22

27

22.73%

$145,000

$149,450

3.07%

$201,000

$172,000 -14.43%

$435,000

$377,000

-13.33%

$309,000

$347,000

N/A

N/A

$315,000 N/A

8.62%

$410,000

N/A $410,000

$336,500 -17.93% $252,500 -38.41%

PRESTON

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

8.81% N/A

SALEM

All Sales

N/A

N/A $246,950

N/A $300,000

N/A 21.48%

N/A

N/A

N/A

$255,900

$249,900

-2.34%

N/A $201,000

$190,000

-5.47%

SPRAGUE

All Sales

N/A

N/A

N/A N/A

$149,450 N/A

N/A

N/A

N/A

N/A

STONINGTON 1 Family

1 5

15

0.00%

130

111

-14.62%

Condo

2

1

-50.00%

20

8

-60.00%

2 1

26

23.81%

184

187

1.63%

$435,000

$285,000

-34.48%

$299,500

$285,000

33.33%

16

31

93.75%

$270,000

$156,000

-42.22%

$195,000

$165,000 -15.38%

0

0

50.00%

18

38

All Sales

N/A

N/A

N/A $445,000

12.30%

$292,500 -34.27% -4.84%

VOLUNTOWN 1 Family

3

4

Condo

0

0

4

6

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

111.11%

$229,000

$117,500

-48.69%

$195,000

$149,900 -23.13%

$220,000

-1.51%

$230,000

$215,000

-6.52%

N/A -100.00%

$130,000

$145,750

12.12%

0.47%

$219,000

$199,000

-9.13%

WATERFORD 1 Family

3 2

35

9.38%

191

211

10.47%

$223,375

Condo

5

2

-60.00%

35

28

-20.00%

$150,000

3 8

39

2.63%

253

268

5.93%

$215,000

$216,000

8.47% 1,610

All Sales

NEW LONDON COUNTY 1 Family

2 48

269

Condo

3 1

33

3 47

375

All Sales

1,709

6.15%

$214,750

$230,000

7.10%

$215,000

$210,000

-2.33%

245

218

-11.02%

$144,500

$131,000

-9.34%

$144,500

$130,500

-9.69%

8.07% 2,331

2,478

6.31%

$196,000

$211,000

7.65%

$198,000

$190,000

-4.04%

6.45%

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OCTOBER 2016 | THE COMMERCIAL RECORD | 35

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANDOVER 1 Family Condo All Sales

8 0 9

3 0 4

-62.50% N/A -55.56%

23 0 30

26 0 33

13.04% N/A 10.00%

$240,000 N/A $235,000

$230,000 N/A $226,000

-4.17% $220,000 N/A N/A -3.83% $194,450

$239,500 8.86% N/A N/A $230,000 18.28%

5 0 8

3 0 5

-40.00% N/A -37.50%

30 0 40

36 0 44

20.00% N/A 10.00%

$213,000 N/A $166,500

$234,500 10.09% $238,500 N/A N/A N/A $269,000 61.56% $211,500

$250,000 4.82% N/A N/A $252,500 19.39%

8 0 11

-11.11% N/A -21.43%

52 0 65

48 0 54

-7.69% N/A -16.92%

$174,900 N/A $137,450

$222,500 27.22% $222,750 N/A N/A N/A $215,000 56.42% $220,000

$204,250 -8.31% N/A N/A $201,200 -8.55%

18 1 19

-14.29% 0.00% -26.92%

101 4 138

94 8 131

-6.93% 100.00% -5.07%

$255,000 N/A $249,250

$224,000 -12.16% $210,000 N/A N/A $114,800 $220,000 -11.74% $207,500

$200,000 $116,450 $200,000

-4.76% 1.44% -3.61%

1 8 4 2 6

8 5 18

-55.56% 25.00% -30.77%

80 19 128

70 18 123

-12.50% -5.26% -3.91%

$329,950 $226,000 $310,000

$226,000 $269,000 $211,000

$232,450 $122,500 $227,500

-6.93% -4.30% -7.24%

1 4 0 1 7

20 1 23

67 0 80

102 3 115

$237,013 N/A $241,025

$267,750 12.97% $281,000 N/A N/A N/A $259,900 7.83% $278,000

$256,000 -8.90% $256,000 N/A $245,400 -11.73% $220,000 $249,000 $230,000

0.00% 55.72% 12.47%

$278,500 $349,900 $277,000

-1.56% N/A 3.36% 18.41% 27.55% 4.76%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

9 0 1 4

COVENTRY 1 Family Condo All Sales

2 1 1 2 6

ELLINGTON 1 Family Condo All Sales

-31.50% 19.03% -31.94%

$249,750 $128,000 $245,250

HEBRON 1 Family Condo All Sales

42.86% N/A 35.29%

52.24% N/A 43.75%

MANSFIELD 1 Family Condo All Sales

1 7 4 2 2

19 9 33

11.76% 125.00% 50.00%

69 19 106

97 40 159

40.58% 110.53% 50.00%

$215,000 $224,450 $216,450

$249,000 $220,000 $230,000

1 2 1 1 7

11 -8.33% 0 -100.00% 13 -23.53%

59 2 83

68 5 87

15.25% 150.00% 4.82%

$274,000 N/A $268,000

$277,000 N/A $274,500

15.81% -1.98% 6.26%

$220,000 $159,900 $204,500

SOMERS 1 Family Condo All Sales

1.09% $282,900 N/A N/A 2.43% $268,000

STAFFORD 1 Family Condo All Sales

8 0 9

13 0 22

62.50% N/A 144.44%

73 12 108

72 7 126

-1.37% -41.67% 16.67%

$245,750 N/A $243,000

$215,000 -12.51% $176,500 N/A N/A $98,000 $103,500 -57.41% $157,500

$209,000 $125,000 $165,000

2 4 2 2 9

35 3 39

45.83% 50.00% 34.48%

96 6 114

122 10 147

27.08% 66.67% 28.95%

$280,000 N/A $280,000

$275,000 $362,500 $283,500

$245,500 -11.53% $191,200 34.41% $247,500 -2.75%

7 0 10

4 0 4

163 67 270

169 55 272

3.68% -17.91% 0.74%

40 3 50

21 0 28

-47.50% -100.00% -44.00%

-2.86% 860 45.45% 132 4.31% 1,222

929 146 1,323

8.02% 10.61% 8.27%

TOLLAND 1 Family Condo All Sales

-1.79% $277,500 N/A $142,250 1.25% $254,500

UNION 1 Family Condo All Sales

1 0 1

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

-42.86% N/A -60.00%

N/A N/A N/A

N/A N/A N/A

N/A $144,000 N/A N/A N/A $134,500

$196,250 36.28% N/A N/A $196,250 45.91%

VERNON 1 Family Condo All Sales

3 0 1 0 4 6

27 13 49

-10.00% 30.00% 6.52%

$186,500 $134,250 $160,500

$181,500 $158,000 $168,000

-2.68% 17.69% 4.67%

$179,500 $112,500 $155,000

$175,900 $118,500 $162,000

-2.01% 5.33% 4.52%

$210,000 N/A $210,000

$292,500 39.29% $205,250 N/A N/A $107,000 $281,250 33.93% $189,950

$223,000 8.65% N/A - 100.00% $221,500 16.61%

$239,900 $155,000 $227,250

$240,750 $225,000 $230,000

$220,000 $145,325 $210,000

WILLINGTON 1 Family Condo All Sales

8 0 8

5 0 6

-37.50% N/A -25.00%

TOLLAND COUNTY 1 Family Condo All Sales

1 75 2 2 2 32

170 32 242

36 | THE COMMERCIAL RECORD | OCTOBER 2016

0.35% 45.16% 1.21%

$220,000 $115,500 $204,950

0.00% 25.82% 2.46%

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES AUG 2015

AUG %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

23.81% N/A 24.14%

AUG 2015

AUG %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ASHFORD 1 Family Condo All Sales

2 0 2

5 0 5

150.00% N/A 150.00%

21 0 29

26 0 36

N/A N/A N/A

$240,000 N/A $240,000

11 1 17

-15.38% 0.00% 6.25%

85 3 112

76 4 111

9 0 1 0

8 0 15

-11.11% N/A 50.00%

33 0 45

36 0 60

2 0 2

3 0 4

50.00% N/A 100.00%

16 0 18

2 0 4

100.00% N/A 100.00%

0 -100.00% 0 N/A 3 50.00%

N/A $167,000 N/A N/A N/A $165,000

$195,500 17.07% N/A N/A $172,500 4.55%

$216,000 N/A $211,500

$215,000 N/A $215,000

-0.46% $179,500 N/A $190,000 1.65% $173,950

$204,750 $229,000 $186,000

9.09% N/A 33.33%

$200,000 N/A $189,700

$212,450 N/A $185,000

6.23% $179,000 N/A N/A -2.48% $171,000

$215,250 20.25% N/A N/A $185,250 8.33%

16 0 23

0.00% N/A 27.78%

N/A N/A N/A

$167,840 N/A $131,090

N/A $149,500 N/A N/A N/A $145,000

$168,870 12.96% N/A N/A $153,900 6.14%

8 0 18

12 0 22

50.00% N/A 22.22%

N/A N/A N/A

N/A N/A $131,500

N/A $195,800 N/A N/A N/A $195,800

$211,000 7.76% N/A N/A $180,000 -8.07%

7 0 15

12 0 29

71.43% N/A 93.33%

N/A N/A N/A

N/A N/A $389,000

N/A $210,000 N/A N/A N/A $165,000

$197,000 -6.19% N/A N/A $140,000 -15.15%

BROOKLYN 1 Family Condo All Sales

1 3 1 1 6

-10.59% 33.33% -0.89%

14.07% 20.53% 6.93%

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

1 0 2

HAMPTON 1 Family Condo All Sales

1 0 2

KILLINGLY 1 Family Condo All Sales

1 1 2 1 8

21 4 34

90.91% 100.00% 88.89%

79 15 132

116 11 176

46.84% -26.67% 33.33%

$172,500 N/A $149,950

$145,000 $157,700 $142,450

-15.94% $150,000 N/A $112,500 -5.00% $135,000

$149,450 $139,900 $146,000

-0.37% 24.36% 8.15%

1 9 0 2 7

15 1 20

-21.05% N/A -25.93%

82 2 129

85 2 121

3.66% 0.00% -6.20%

$150,000 N/A $150,008

$145,000 N/A $142,500

-3.33% $143,950 N/A N/A -5.01% $140,000

$135,000 -6.22% N/A N/A $140,000 0.00%

3 0 5

8 0 11

166.67% N/A 120.00%

22 0 43

34 0 53

54.55% N/A 23.26%

$315,000 N/A $315,000

$241,500 -23.33% $300,000 N/A N/A N/A $240,000 -23.81% $196,500

$248,000 -17.33% N/A N/A $240,000 22.14%

1 0 6 1 9

10 2 14

0.00% -66.67% -26.32%

48 15 87

61 24 116

27.08% 60.00% 33.33%

$147,450 $151,000 $162,000

$162,000 9.87% N/A -100.00% $171,000 5.56%

$149,000 $161,250 $140,000

4 0 4

-20.00% N/A -20.00%

16 0 21

17 0 19

6.25% N/A -9.52%

$175,000 N/A $175,000

$171,000 N/A $171,000

6 1 8

20.00% 0.00% 33.33%

31 3 47

36 2 50

16.13% -33.33% 6.38%

$129,900 N/A $122,400

$174,900 34.64% $162,700 N/A N/A $70,000 $158,450 29.45% $137,000

$181,450 11.52% N/A - 100.00% $170,450 24.42%

1 0 0 1 0

16 1 22

60.00% N/A 120.00%

63 2 90

95 4 120

50.79% 100.00% 33.33%

$199,500 N/A $199,500

$217,500 N/A $187,500

$185,000 $137,450 $181,250

-2.91% N/A 2.14%

1 8 0 2 2

21 0 25

16.67% N/A 13.64%

83 3 134

98 4 135

18.07% 33.33% 0.75%

$120,700 N/A $120,700

$135,000 11.85% $120,800 N/A N/A $106,500 $130,000 7.71% $115,000

$139,000 $119,950 $130,000

15.07% 12.63% 13.04%

19 3 29

46.15% N/A 93.33%

65 7 93

75 10 125

15.38% 42.86% 34.41%

$237,000 N/A $235,000

$235,000 $62,500 $235,000

$240,000 12.41% $128,000 -17.15% $220,000 15.18%

22.13% 659 30.00% 50 33.54% 1,013

795 61 1,196

20.64% 22.00% 18.07%

$170,000 $125,500 $165,000

$180,000 $136,000 $172,000

PLAINFIELD 1 Family Condo All Sales

POMFRET 1 Family Condo All Sales

PUTNAM 1 Family Condo All Sales

$157,000 $165,500 $153,500

-5.10% -2.57% -8.79%

SCOTLAND 1 Family Condo All Sales

5 0 5

-2.29% $155,500 N/A N/A -2.29% $155,000

$172,000 10.61% N/A N/A $172,000 10.97%

STERLING 1 Family Condo All Sales

5 1 6

THOMPSON 1 Family Condo All Sales

9.02% $190,550 N/A N/A -6.02% $177,450

WINDHAM 1 Family Condo All Sales

WOODSTOCK 1 Family Condo All Sales

1 3 0 1 5

-0.84% $213,500 N/A $154,500 0.00% $191,000

WINDHAM COUNTY 1 Family Condo All Sales

1 22 1 0 1 61

149 13 215

5.88% 8.37% 4.24%

$165,000 $136,050 $150,000

$170,000 $139,900 $159,726

3.03% 2.83% 6.48%

OCTOBER 2016 | THE COMMERCIAL RECORD | 37

FAIRFIELD COUNTY GOSSIP REPORT

1

NEW CANAAN

2

3

GREENWICH

NEW CANAAN

ADDRESS: 1031 Oenoke Ridge, New Canaan

ADDRESS: 6 Dawn Harbor Lane, Greenwich

ADDRESS: 60 White Oak Shade Road, New Canaan

PRICE: $5,802,000

PRICE: $3,058,500

PRICE: $2,925,000

SIZE: 6,472 square feet on 7.59 acres

SIZE: 4,375 square feet on 0.57 acres

SIZE: 4,877 square feet on 1.16 acres

BUYER: Kindridge LLC

BUYER: Ennio Montinaro and Paige Montinaro

BUYER: Beth M. Stimpson and William H. Stimpson

SELLER: Adrienne Schettino and James Schettino

SELLER: Nancy Mantzikos

SELLER: Douglas M. Harris and Katherine W. Harris

SOLD: 8/29/16

SOLD: 9/1/16

AGENT: Houlihan Lawrence SOLD: 7/18/16

4

WESTPORT

ADDRESS: 14 Windy Hill Road, Westport PRICE: $2,800,000 SIZE: 5,220 square feet on 1 acre BUYER: Tulika C. Sethi SELLER: 14 Windy Hill LLC SOLD: 8/26/16

5

3 1

DARIEN

2 ADDRESS: 5 Haskell Lane, Darien

4

PRICE: $2,565,000 SIZE: 4,625 square feet on 1.08 acres

5

BUYER: David B. Massey and Meredith M. Timbers SELLER: Karen P. Coyle SOLD: 8/25/16

One of the last remaining horse farms in New Canaan sold recently and it’s no surprise that landed at the top of this month’s list. Originally built in 1800, this spacious waterfront home has seven bedrooms, five full bathrooms, two half-baths and overlooks the New Canaan Reservoir. There are two barns on the property with seven stalls, eight paddocks, a riding ring and an 875-square-foot caretaker’s cottage.

38 | THE COMMERCIAL RECORD | OCTOBER 2016

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