The Commercial Record - June 2016

JUNE 2016

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REAL ESTATE & FINANCIAL NEWS FOR CONNECTICUT

THE RULES AND REGULATIONS ISSUE Jumbo Loan Standards Loosen As Home Prices Continue To Slide FASB’s New Rule: An Asset And A Liability Communities Seek To Address Mismatched Housing With Development Incentives

SPECIAL SECTION The Commercial Record’s Second Annual Top

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inside The Commercial Record’s Rules And Regulations Issue This issue of The Commercial Record takes a look at what’s new in governance and compliance, as well as featuring the top loan originators of the past year – who have been very successful despite the recent implementation of TRID and the piles of paperwork they must complete.

6

All Mucked Up

6

A new rule from the Financial Accounting Standards Board could have long ranging effects on community banks; all long-term leases must now be counted as both assets and liabilities.

10 Hard Sell Municipalities are increasingly looking to entice developers of multifamily projects with state and local grants and incentives, but challenges remain.

12 Jumbos Make A Comeback Across the country the availability of jumbo loans is contracting, but not in Connecticut.

Lenders say standards are loosening and the hunt is on for jumbo clients.

18

12 8

Special Section: Top Loan Originators From across the state and Fairfield County, here are the top loan originators of the past year.

news roundup

14 state statistics 16 c-changes 17 in person 22 top commercial transactions 24 trendlines

18

38 gossip report

JUNE 2016 | THE COMMERCIAL RECORD | 3

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The Commercial Record (ISSN 0010-3098) © 2016 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the publisher. Periodicals postage paid at Boston, MA, and additional locations. Published 12 times a year January to December 2016. The Commercial Record™ and The Warren Group™ are trademarks of The Warren Group Inc. POSTMASTER: Please send address changes to The Commercial Record, 280 Summer St., Boston, MA 02210. Basic annual subscription rate is $349, monthly subscription rate is $35. Subscription, advertising, editorial and production inquiries should be directed to: The Commercial Record, 280 Summer St., Boston, MA 02210, 800-356-8805.

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from the editor

LEARNING TO PLAY NICELY F

rom the very beginning, our lives are governed by rules, whether we’re on playgrounds, in classrooms or at home.

The practical – look both ways before you cross the street – and the moral – don’t bite your fellow toddlers – are the building blocks of becoming a functional member of the greater society.

Those early rules, though most children don’t realize it (and those who do chafe against it), are also an early introduction to a world brimming with laws and regulations, “guidelines” and “best practices.”

Wherever life takes those kids, whether it’s behind a computer, a sketchpad, a scalpel or a production line, there are rules and regulations to learn and obey. Nothing is certain but death, taxes and visiting inspectors.

Lenders and real estate agents, of course, know all too well the crushing burden of complying with rules and regulations someone else created and imposed.

The governmental reaction to the Great Recession was to bury the problems in paperwork, leaving smaller banks struggling to not only understand new regulations, but also implement changes and keep re-

cords showing they have met new requirements.

The list of the rules and regulations to which banks must bow, and of the regulatory agencies they must obey, are long enough to fill the pages of this magazine – to say nothing of the length of the actual content of those rules and regs and their attendant guidelines and clarifications.

And despite the odds – and reams of paper – stacked against them, many lenders and agents continue to thrive. This year’s list of Top Loan Originators illustrates that beyond a doubt.

And sometimes, the authorities recognize the truth in the old adage about flies, honey and vinegar, and offer more charm than punishment. Such is the case with housing incentive programs, and renewed interest in 2008’s incentive housing zone

program may bring more developers – and sorely needed housing – to towns across the state.

Perhaps regulators will eventually realize that punishing those who were not responsible for creating a nationwide recession – and contributing to a worldwide recession – only results in angry resentment. It’s unwise to anger the people who control the country’s financial system. Money, particularly in the form of lobbying dollars, really does talk – and this is an election year, after all.

At times it seems the sheer number of rules, laws and regulations that govern nearly every aspect of our lives is unmanageable and out of control. Laws are of course important – to punish the bad guys, to compensate the good guys, and the whole “don’t bite your fellow toddler” thing really can’t be overstated – but perhaps it’s time to consider the risks and the opportunity for much greater rewards. n

Cassidy Murphy Editorial Director Email: cmurphy@thewarrengroup.com

JUNE 2016 | THE COMMERCIAL RECORD | 5

All Mucked Up

NEW FASB RULE WILL PUT LEASES ON THE BALANCE SHEET Experts Say Reg Could Impact Lending And Leasing Alike

BY LAURA ALIX | COMMERCIAL RECORD STAFF

A

new rule approved in February by the Financial Accounting Standards Board (FASB) could have wideranging consequences for banks, from the branch to the balance sheet.

FASB’s new rule would require all businesses and nonprofits to book all longterm leases (anything over 12 months) as both assets and liabilities on their balance sheets. Right now, many companies disclose those leases in the footnotes to their financial statements, and unless they’re “lease-to-own” transactions, they typically aren’t recorded as liabilities.

For financial institutions, which not only lease property but also lend money to busi-

nesses that lease property, the implications are numerous.

“It really affects all industries,” Giuseppe “Joe” Femia, vice president and director at the accounting firm G.T. Reilly & Co., said of the rule. “But with banks and credit unions, it’s going to affect them if they have branches. If they lease branch locations, they’re going to have to record an asset and a liability, which could potentially hurt their capital ratios.”

6 | THE COMMERCIAL RECORD | JUNE 2016

That rule is anticipated to have an outsized effect on financial institutions that have a large branch network, particularly those that lease, rather than own, many of their locations.

Donald J. Musso, president and CEO of the New Jersey-based consulting firm FinPro, said the rule could effectively eliminate long-term leasing and, naturally, a business that leases a property for just three years isn’t going to get the same rate as a business that might lease that property for 10 years.

“It’s more than just the balance sheet.

We’re going to have to book these leases and hold them on the balance sheet. More importantly, we’re going to have to book capital against that,” he said. “All of a sudden, leasing isn’t the advantage it was two years ago.”

“

It’s more than just the balance sheet. We’re going to have to book these leases and hold them on the balance sheet. More importantly, we’re going to have to book capital against that. All of a sudden, leasing isn’t the advantage it was two years ago.” — Don Musso, president, FinPro

Meanwhile, Dan Morrill, a principal in Wolf & Co.’s professional practice, said the rule could have an impact on banks’ commercial borrowers – particularly professional service firms.

“Say you look at a professional services firm based out of Boston or Hartford; they might have total assets of $1 [million] to $2 million, but everything’s in their revenues because they’re a service firm,” he said. Requiring that firm to list out a threeyear lease as both an asset and a liability on its balance sheet will throw off its debt-toequity ratio, Morrill said.

“It sort of grosses up the balance sheet, which hurts the capital ratio and debt ratio,” Femia said. “It hurts your capital ratio when you’re a financial institution and your debt ratio when you’re a commercial borrower. It’s basically like bringing debt onto the books.”

Musso had harsher words, however, arguing that the rule would at least make sense if FASB had applied it to all types of long-term contracts and not strictly real estate leases. He still wouldn’t like it, he said, but it would make sense.

Alluding to FASB’s current expected credit losses model, yet another headache for bankers, he said, “You’ve really got to wonder what’s motivating FASB in the financial sector.”

Taking A Proactive Approach The rule won’t take effect until 2020, but experts say financial institutions need to be proactive in how they approach it.

“The big story for banks is, analyze the impact this may have on your bank and plan accordingly,” Musso said. “Don’t wake up and be reactive. We need to proactively analyze it and figure out how we’re going to address it.”

When working with commercial borrowers, Femia suggested that perhaps banks might exclude the commercial borrower’s capital lease obligations from their debt ratios.

Morrill meanwhile said that banks’ accounting departments will need to prepare now, creating schedules for each of a given bank’s leases.

“What will be big is the administrative cost of doing this,” he said. “From an accounting standpoint, it’s still a pain.”

The rule may also impact banks’ decisions concerning their branch networks.

Experts say it may pique questions about whether it’s better to buy or lease – or whether it’s worth it to expand your branch network at all.

“Let’s say for example, a bank is thinking of opening a new branch. If it’s really in a prime location they know they’re going to be in forever, they may be better off buying the building instead of leasing it. That way you get an asset on your books instead of

a liability,” Femia said. “But that’s for the long haul, so if it’s an area you’re not sure about, that doesn’t make sense because then you’re stuck with a building you can’t do anything with afterwards.”

Musso thinks the new FASB rule will only accelerate the current trend of the shrinking branch network.

“I do think it’s going to force people to look at their networks, and it is going to force continued change in the way we deliver our products and services to customers,” he said. “We’ve been telling people that the delivery network of the future is going to be digital, people and a limited branch network and I think this is going to accelerate and exacerbate it.” n Email: lalix@thewarrengroup.com

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JUNE 2016 | THE COMMERCIAL RECORD | 7

NEWS ROUNDUP GROUND BREAKS ON MAJOR HOUSING DEVELOPMENT IN STAMFORD’S SOUTH END

TD BANK PUTS PENNY ARCADE OUT TO PASTURE

Co-developers Jonathan Rose Cos. and Malkin Holdings last month broke ground on their Metro Green III housing development in Stamford with a ceremony that brought local and state leaders to the site.

The 131-unit green housing development will feature an 11-story high-rise apartment building with studio, one- and two-bedroom units. Fifty-eight of the apartments will be rented at competitive market rates and seventy-three of the apartments will be restricted to reduced income households with incomes ranging from 50-60 percent of area median income.

Financing for the $52 million Metro Green III development was arranged through an innovative mix of public and private sources, including Housing Trust Funds from the state of Connecticut Department of Housing; “feein-lieu” funds contributed by private developers to the city of Stamford as part of the city’s Inclusionary Housing program; HOME funds from the U.S. Department of HUD; a low-interest subordinate loan from Citi; construction and permanent financing from Citi; tax-exempt financing issued through a collaboration with Charter Oak Communities for the benefit of the Stamford community; and 4 percent low-income housing tax credits allocated by the Connecticut Housing Finance Authority and purchased by J.P. Morgan Chase through First Sterling Financial.

Metro Green III is the third and final phase of a 231-unit mixed-income development completed over the past 10 years by the partnership of Jonathan Rose Cos. and Malkin Holdings. Malkin acquired the 5.2-acre former brownfield site over 30 years ago.

The project has an expected completion date of June 2017.

TD Bank is retiring its Penny Arcade coin-counting machines after several news reports outed some of the machines as faulty.

“Offering free coin-counting to our customers has been a long-standing service at TD,” Michael Rhodes, TD’s head of consumer banking, said in a statement. “However, recent accounts regarding the performance of our Penny machines have led us to reassess this offering. We have determined that it is difficult to ensure a consistently great experience for our customers. In addition, the usage of our coin-counting machines has declined steadily over the past few years. For these reasons, we have decided to retire the fleet and provide alternative coin-counting solutions to our customers. We will continue to assess the Penny experience and intend to appropriately address customer impact.”

TD Bank said that its protocol included daily testing of each Penny Arcade machine, but a “Today” show report early in April showed the machines sometimes shortchanged customers. Late last month, a New York business customer filed a proposed class action suit in federal court over the machines.

TD Bank said it would continue to offer other coincounting solutions for its customers, including offering free coin wrappers and accepting pre-rolled coins from its retail, business and nonprofit customers at no charge. The bank also said it would launch a digital learning experience for children specifically and would roll out a summer reading and savings program later this year.

THE MOST VIEWED ARTICLES IN MAY • • • • •

State’s Single-Family Home Prices Slip Again Family First Malloy Announces $3M Affordable Housing Grant Former CU Employee Pleads Guilty To Embezzlement Sponsored Content: Government To Auction Shepherd Of The Sea Chapel In Groton

8 | THE COMMERCIAL RECORD | JUNE 2016

• • • • •

Mortgage Lender Pleads Guilty To False Advertising Glastonbury Man Gets 1 Year For Defrauding Energy Program Defunct Woodbury Restaurant Purchased, To Be Rebranded TD Bank Puts Penny Arcade Out To Pasture Bristol Retail Shopping Center Fetches $4.725M

EVENTS MID-YEAR MORTGAGE UPDATE

SINGLE-FAMILY HOME PRICES SLIP AGAIN

The Warren Group June 16, 2016 Radisson Hotel, Cromwell Who should attend: Mortgage professionals More information: www.midyearmortgage.com

Single-family home sales in Connecticut climbed 20.9 percent in March, according to the latest report from The Warren Group, publisher of The Commercial Record.

A total of 2,139 single-family homes were in the month, in comparison with 1,768 sold in March 2015. This marked the highest number of sales in March since 2007, when 2,636 homes were sold. Year-to-date, sales were up 25.6 percent, with 5,652 transactions compared to 4,501 during the same time last year.

The median price of a single-family home fell 3 percent in March to $225,000 compared with $232,000 a year ago. Median sales continue to slide modestly, marking the 12th consecutive month of price drops year over year.

Year-to-date, prices are down 1.1 percent to $227,000 in comparison to $229,475 a year ago.

Condominium sales statewide posted a double-digit increase in March, up 11 percent to 564 condos sold, an increase from 507 the same time a year ago. Year-to-date, condo sales increased 14.7 percent with 1,493 condo sales compared with 1,301 last year.

The median sale price for condos in March showed a slight decrease of 3.3 percent, falling to $145,000 from $150,000 in March 2015. Year-to-date, prices were down by 3.8 percent to $149,000 compared with $155,000.

STATE ENTERS INTO $784.6M GLOBAL SETTLEMENT WITH PFIZER SUBSIDIARY

Connecticut will participate in a global $784.6 million settlement with the drugmaker Wyeth to resolve allegations that the company knowingly underpaid rebates owed under the Medicaid Drug Rebate Program for sales of the drug Protonix, according to a statement from the attorney general’s office.

The program was enacted as a cost-saving measure, requiring participating pharmaceutical manufacturers to pay quarterly rebates to state Medicaid programs for each of its drugs sold to pharmacies that were reimbursed by Medicaid.

The states and federal government alleged that, between 2001 and 2006, Wyeth sold Protonix oral tablets and Protonix IV to hospitals at discounted prices. They alleged that Wyeth’s contracts with the hospitals created a bundled sale under the terms of the Medicaid Drug Rebate Agreement by linking discounts to available to participating hospitals for Protonix IV to discounts on Protonix Oral tablets. However, it’s alleged that Wyeth did comply with the program to treat the sales as bundled.

As a result, the states and federal government allege that the discounts were not properly allocated and that the “best price” was falsely reported, causing the rebates paid to the states to be significantly lower than required.

The settlement portion attributable to the state and federal shares of the state’s Medicaid program is slightly more than $10 million, of which nearly $5 million represents the net state share. The state’s net share of the settlement will be deposited into the state’s general fund.

Wyeth is a wholly-owned subsidiary of Pfizer since 2009.

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JUNE 2016 | THE COMMERCIAL RECORD | 9

Hard Sell

T

here’s no shortage of data indicating that Connecticut residents and the state’s housing stock have a mismatch.

INCENTIVES FOR MULTIFAMILY DEVELOPMENT Communities Consider Affordable Housing Program

BY STEVE ADAMS | COMMERCIAL RECORD STAFF

Nearly 70 Connecticut communities have accepted state grants to study incentive housing zone programs, but only two developments have been completed under the program since its enactment in 2008.

10 | THE COMMERCIAL RECORD | JUNE 2016

Single-family home prices have been stagnant for nearly a decade. Apartment rents are the nation’s eighth highest, with an estimated salary of $24 an hour needed to afford the price of a typical two-bedroom apartment at 30 percent of income.

Connecticut’s incentive housing zone program (IHZ) was supposed to help address the supply shortage. Enacted in 2008, it gives technical assistance grants and incentive payments to communities that permit multifamily developments that include affordable units. Along with moderating housing costs, the program is designed to encourage smart-growth projects near public transit.

Housing production has been sluggish under the program, a reflection of high land costs and the still-fragile real estate recovery. A pair of developments in Old Saybrook and Sharon generated 28 units after the communities enacted incentive zones and developers responded.

“We do have fairly good interest in doing a study, but then the participation drops significantly,” said Evonne Klein, Connecticut’s housing commissioner.

“The number of units that have been produced is very low.”

New projects now in the pipeline are set to add hundreds of units in a handful of towns, which housing advocates say could serve as models for its more widespread adoption.

Demolition began in December of a former motel site in Old Saybrook to make way for a 186-unit rental complex called Post and Main. In Branford, officials are reviewing an application by developer Alex Vigliotti to convert two office buildings into 35 apartments, including seven with income restrictions.

The planning and zoning commission approved an Incentive Housing Overlay District in January.

Less Stick, More Carrot Suburban land-use policies have been resistant to change in many Connecticut communities, with the market weighted heavily toward detached homes.

In 114 of the state’s 169 communities, at least 70 percent of the housing stock is single-family homes. All but 17 municipalities saw stagnant or declining grand lists between 2008 and 2013, according to data from the state Office of Policy and Management.

That’s probably not a coincidence, says Kathryn Shafer, deputy director of the Hartfordbased Partnership For Strong Communities.

“Their populations are aging, their school population is decreasing and their grand lists are falling,” Shafer said.

Despite demand for multifamily housing from Millennials and empty-nesters, projects remain a hard sell in many areas. There are 23 towns with no zoning for multifamily housing, while 122 require developers to go through a special permit process.

The incentive housing zone program gives communities $20,000 technical assistance grants, and 69 towns have taken up the offer. It grants payments of $2,000 for each building permit issued under the program.

Developers also have the option of pursuing multifamily development through a 24-year-old state law known as 8-30g. That gives them the power to sue communities with less than 10 percent affordable housing, as long as they included affordable units in a development.

The threat of that option, along with increased state subsidies, has helped generate 7,900 units of affordable housing since 2013, with another 2,700 under construction, Klein said. Approximately half of those units are in the state’s urban areas, where multifamily housing is already concentrated.

The IHZ, by contrast, is designed to spread the supply more equitably and encourage a cooperative relationship between local officials and developers.

“We know affordable housing adds to the vibrancy of the community and certainly the economic stability of the community,” Klein said.

Gov. Dannel Malloy also has sought to leverage public transit expansion to promote development.

A 2014 program offers predevelopment

loans of up to $3 million for properties located near public transit stations. The program was originally designed to spur development near the CTfastrak dedicated bus line, but was expanded to include any site within a half-mile of any stop on the Shoreline East, MetroNorth and the CTrail Hartford line.

The first loan was awarded to Mutual Housing Association of Greater Hartford for a multifamily project on Park Street in Hartford. Six other developers have begun the underwriting process for loans, said Garrett Eucalitto, undersecretary for transportation policy and planning at the state Office of Policy and Management.

Density Key To Profitability Robert Fusari Sr., president of Old Saybrook-based Real Estate Service of Connecticut, developed housing for six decades and is well-versed in the obstacles facing developers in the suburbs. Now semi-retired, he serves on the board of directors of the HOPE Partnership, an Old Saybrook-based affordable housing nonprofit that built 16 rental town-

houses in the first IHZ project statewide.

Called Ferry Crossing, the project was designed to provide housing for military veterans and families who were previously homeless. Reflecting the demand for such housing, the developers received more than 200 applications for the units. HOPE produced a video designed to head off community opposition.

“There’s always the concern of who’s going to live there,” Fusari said. “Is it going to be the bikers or the undesirable types? If you don’t educate the public, the projects are doomed to failure and endless arguments and lawsuits.”

Even with a favorable community process, financial and environmental considerations limit the list of buildable sites outside of larger cities. A density of at least 10 multifamily units per acre is needed to achieve profitability, Fusari said, requiring sites on public sewers that can be hard to find in smaller communities. n Email: sadams@thewarrengroup.com

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Our new program, Jobs for New England, will award up to $5 million in interest-rate subsidies every year through 2018. A maximum of $250,000 in subsidy is available per member each year. At current rates, $250,000 can leverage up to $30 million in one-year advances.

To find out more about Jobs for New England, contact Fatima Razzaq at 617-425-9564, or fatima.razzaq@fhlbboston.com.

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FHLBBoston Federal Home Loan Bank of Boston • 800 Boylston Street Boston, MA 02199 • www.fhlbboston.com

JUNE 2016 | THE COMMERCIAL RECORD | 11

Credit Availability

JUMBO LOAN AVAILABILITY CONTRACTING NATIONWIDE, BUT NOT IN CONNECTICUT

Lenders Competing For Jumbo Loan Business

BY JIM MORRISON | COMMERCIAL RECORD STAFF

T

he availability of jumbo loans across the country dropped 1.4 percent in April, but lenders are still competing hard to make jumbo loans in the Nutmeg State.

Conventional mortgage availability increased slightly, but overall mortgage credit availability decreased largely due to the decreased availability of jumbo loans, according to the Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI).

On that index, a score of 100 is where the market was in 2012. At the height of the boom in June 2006, the MCAI scored an 859. The MCAI decreased 0.89 percent to 122.4 in April 2016. According to the MCAI, mortgage credit has become gradually more available since 2012.

12 | THE COMMERCIAL RECORD | JUNE 2016

“Mortgage credit became less available in April as a result of two opposing trends, resulting in a net decrease to the index,” Lynn Fisher, MBA’s vice president of research and economics, said in a statement. “Investors continued to roll out Fannie Mae and Freddie Mac’s low down payment loan programs, which had a loosening effect on credit availability. However, this was more than offset by tightening among high balance and jumbo loan programs.”

In a telephone interview, Fisher said the

“

We’re tracking both the number of programs, as well as the relative riskiness of those programs. The index is a combination of how many offerings there are, and there were simply fewer offerings nationwide.”

— Lynn Fisher, vice president of research and economics, Mortgage Bankers Association

index tracks the supply of the loans, not the demand.

“We’re tracking both the number of programs, as well as the relative riskiness of those programs,” Fisher said. “The index is a combination of how many offerings there are, and there were simply fewer offerings nationwide.”

Larger Lenders Compete For Jumbos According to Inside Mortgage Finance, a mortgage industry newsletter, “One of the biggest factors limiting the issuance of jumbo mortgage-backed securities is the strong appetite banks have to hold jumbos in portfolio.”

Larger lenders have more assets and can afford to hang on to jumbo mortgages, which is more profitable than securitizing them. Because lenders aren’t selling the loans, they’re also able to ease the loan requirements without having to be concerned about making potential buyers nervous.

Still, demand is steady and competition is heating up in the jumbo market. In August 2015, J.P. Morgan Chase announced it was streamlining its jumbo loan requirements.

The mortgage giant lowered its minimum FICO score from 740 to 680 and lowered the 20 percent minimum down payment to 15 percent for jumbo mortgages on homes up to $3 million.

“We want to make sure homebuyers can easily understand the benefits of financing with Chase,” Steve Hemperly, J. P. Morgan Chase’s head of mortgage loan originations, said in a statement.

Wells Fargo, another heavy-hitter, which had loosened its jumbo requirements about a year prior to that announcement, loosened them even more after it.

Lenders are quick to point out that this is not a return to the “bad old days” of highrisk loans, including those to borrowers without income verification. They say ensuring the borrower’s ability to repay the loan remains a high priority.

Jumbo loans are generally less risky, al-

though also less profitable, than conforming loans, especially as competition in the marketplace has increased over the last few years.

Community Banks Want Jumbos Too “We are seeing more purchases than refinance customers, which is not a surprise,” said Daniel L. Berta, president of Fairfield County Bank. “Interest rates have been low for so long that most people who can refinance already did.”

Because of the generally higher home prices in Fairfield County, he sells a lot of jumbo mortgages, especially as the number of home sales continue to increase.

Fairfield County Bank is fairly conservative about which loans they keep and which ones they sell, he said.

“For us, the decision to sell has less to do with it being a jumbo loan or a conforming loan, but the structure of the loan,” Berta said. “We keep more of the adjustables in our portfolio. It has to do with appetite for interest rate exposure.”

He views national lenders as competition, but for community banks it’s often more complicated than that.

“There’s a funny relationship we have, because we’re competitors, but in many cases community banks will sell to those larger banks. While they’re competition they’re also an outlet for us. We may generate a lot of mortgages because of what we do, but we also sell some loans to them.” n Email: jmorrison@thewarrengroup.com

Money doesn’t grow on trees.

But sometimes it’s free.

We’re offering members zero-percent Classic Advances, on a first-come, first-served basis, to create or preserve jobs in their communities.

Our new program, Jobs for New England, will award up to $5 million in interest-rate subsidies every year through 2018. A maximum of $250,000 in subsidy is available per member each year. At current rates, $250,000 can leverage up to $30 million in one-year advances.

To find out more about Jobs for New England, contact Fatima Razzaq at 617-425-9564, or fatima.razzaq@fhlbboston.com.

But don’t delay. These funds won’t last forever.

See what your cooperative can do for you!

FHLBBoston Federal Home Loan Bank of Boston • 800 Boylston Street Boston, MA 02199 • www.fhlbboston.com

JUNE 2016 | THE COMMERCIAL RECORD | 13

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

Top 5 Credit Unions Market Share: All Mortgages

700 American Eagle FCU | 2016 Rank: 1 | 2015 Rank:1

600 NUMBER OF SALES

21.46%

500 23.39%

400

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

300

14.52%

200

12.80%

100 0

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

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

8.12%

Condo Sales By Price Range 7.37%

2,500 $700K+

2,250

$500k-$699k $400k-$499k $300k-$399k

2,000

$150k-$299k

NUMBER OF SALES

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

$10K-$149k

1,750 1,500

6.80%

4.91%

1,250

Navy FCU | 2016 Rank: 5 | 2015 Rank: 4 1,000

5.08%

750 500

5.84% 250 0

1991

1996

2001

2006

2011

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

14 | THE COMMERCIAL RECORD | JUNE 2016

2016

2016

2015

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

Top 5 Lenders By Market Share Purchase Mortgages

10-Year Condo Sales 5,000

Wells Fargo Bank | 2016 Rank: 1 | 2015 Rank: 3

4,000

3.02%

William Raveis Mtg Co | 2016 Rank: 2 | 2015 Rank: 6

2.74%

NUMBER OF SALES

3.46%

3,000

2,000

1,000 2.5%

0

Norcom Mortgage | 2016 Rank: 3 | 2015 Rank: 10

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

2.71%

Multifamily Home Sales 3.63%

1,000

2-Family

3-Family

Village Mtg Co | 2016 Rank: 4 | 2015 Rank: 7

800

2.64% First World Mortgage | 2016 Rank: 5 | 2015 Rank: 1

2.58%

NUMBER OF SALES

2.59%

600

400

200 2.3%

2016

2015

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

0

06 07 08 09 10 11 12 13 14 15 16

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

JUNE 2016 | THE COMMERCIAL RECORD | 15

C-CHANGES IN CONNECTICUT’S EXECUTIVE SUITES Tracy Bleiler has been appointed as branch manager at the newest Windsor Federal Savings office, located in Suffield. Bleiler has over 20 years of experience in banking. “I love helping customers and, together with our team, making sure we make them feel welcome, and provide them with outstanding service,” Bleiler said in a statement. “Any member of our branch team can answer questions and provide service on just about any topic: loans, deposits, business-related questions, even mortgages. We’re truly a full-service branch.”

Charles L. Lomnitzer has joined TD Bank’s Greenwich location as store manager. In his new role, he is responsible for new business development, consumer and business lending, managing personnel and overseeing day-to-day operations. Lomnitzer brings 30 years of banking experience, with a majority of those years in management positions. Prior to joining TD Bank, he worked at Chase Bank as first vice president and district manager.

Torrington Savings Bank (TSB) has promoted Jennifer Marchand, Mark Perbeck and Debra Telman. Marchand has been promoted to vice president and controller. She has been with the bank since 2010 and formerly held the position of assistant vice president and assistant treasurer. She has previously worked at PwC, Rothstein & Co. and Nationwide Consulting. Perbeck has been promoted to assistant vice president and bank security officer. Perbeck has been with TSB since 2008 where he began in the accounting department. Prior to that, Perbeck worked for Rothstein & Co. as a staff accountant. Telman has been promoted to branch officer for the North Office at 635 Main St. in Torrington. Telman has been with Torrington Savings Bank since 2014.

Previously, Telman worked for Litchfield Bancorp and Webster Bank as assistant vice president and branch manager. Telman has been a member of the Altrusa Club of Litchfield County for the past 20 years. “We are extremely proud of these individuals,” TSB President and CEO John Janco said in a statement. “Their hard work and dedication to the bank is evidenced by their work on a daily basis. I wish them continued success in their futures here at the bank.”

Todd Purcell has joined Webster Bank as senior vice president and director of digital marketing. He will be responsible for the planning, design and execution of the bank’s digital marketing strategy, including website development, search optimization, paid display, email marketing and social media marketing. Purcell has more than 20 years of digital marketing experience in the wealth management, insurance and banking sectors, having worked with JPMorgan Chase, American Express, Smith Barney, USAA and most recently at The Hartford and MetLife.

AWARDS & ACCOLADES

Pearce Real Estate Sales Associate Fran DeToro has been appointed to the New Haven Free Public Library (NHFPL) Foundation. DeToro got involved with NHFPL shortly after joining Pearce Real Estate and helped organize the former “Books Sandwiched In” booktalk series. The NHFPL Foundation raises funds in support of the mission of the New Haven Free Public Library. She is also currently active with the Long Wharf Theatre, where she assisted on the Gala Committee, and is a member of the Italian-American Historical Society of Connecticut and the National Organization of Italian-American Women.

16 | THE COMMERCIAL RECORD | JUNE 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.

MARY ANN HEBERT, BROKER/PARTNER, BANNON HEBERT, BETTER HOMES & GARDENS REAL ESTATE Mary Ann Hebert was pregnant and less than thrilled with her homebuying experience, so she decided to get her real estate sales license and help other people have a better experience.

Have buyers changed over the years?

Today the problem is they spend a lot of time online looking at pictures. We have to be sure to get the online pictures right or they won’t ever bother to see the house [in person]. That’s where 90 percent of buyers start. Buyers’ expectations have changed, too. Because interest rates are so low, they’re not willing to do sweat equity. They’d rather roll the cost of improvements into the mortgage and not spend their savings.

How does the Middlebury market compare to the rest of the state?

In Connecticut, the market is not as hot as the rest of the country. We’re seeing good, well-priced properties moving quickly. We get a lot of families wanting to live in Middlebury because of the school system. Prices here are a little higher than in Waterbury. We used to have people commuting to New York City, but when gas prices went crazy after the crash, people started re-evaluating their time. People made lifestyle decisions and commuting time was part of that.

FRED BERTINO, CO-FOUNDER, PRESIDENT, MMB From the outset, Fred Bertino’s destiny would have seemed to be in the medical world. After all, his whole family works in that field. But during college, he changed course.

From your point of view, how can community banks differentiate themselves in their marketing from both the big banks and other community banks?

I think people are realizing there is an alternative to bigger banks. I think for most people, they ended up with the bank they have, they didn’t necessarily choose it. Now they’re realizing [their] community bank has all the services that the big banks have, which wasn’t maybe the case five or 10 years ago. I think they’ve gradually come up to speed on that.

Where do you see banks go wrong in their advertising and messaging?

Again, it’s just answering one question of “What are you buying?” and forgetting “What are you buying into?” It’s forgetting the personality of your bank or your overall brand and getting caught up in things like, “your checking account or my checking account” or “your CD or my CD.” That’s a waste of money.

BILL CHECKOSKY, VICE PRESIDENT, COMMERCIAL LENDING, GREATER HARTFORD MARKET MANAGER, CHELSEA GROTON BANK Believe it or not, Bill Checkosky got into the banking business because of regulation.

You’ve been working in the Greater Hartford market for more than 25 years; when you think back on your career, what observations jump out at you about the market?

We’ve seen consolidation, competition, certainly regulation and technology.

You’d think maybe with less banks, there’d be less competition, but it’s hypercompetitive these days, in particular in the Greater Hartford market – especially in small business area and in commercial real estate lending.

The regulatory environment and the increase in reporting requirements and compliance costs, that’s been substantial. I guess the end result is that we’ve all got, particularly in New England, stronger and better capitalized banks. The banks in Connecticut and in New England in general are much better capitalized than when I started.

What kind of companies have you been working with at Chelsea Groton?

I’ve been working with privately held, small to mid-sized businesses in various industries – fiber optics, several commercial property owners, manufacturers, contractors. Many of the small to mid-sized businesses, most of them are looking for basic things: working capital lines of credit, term loans for equipment or vehicles, commercial real estate mortgages, investment and owner occupied properties.

JUNE 2016 | THE COMMERCIAL RECORD | 17

Top Of The List

THE COMMERCIAL RECORD’S SECOND ANNUAL TOP LOAN ORIGINATORS

I

n the course of its collection of public record real estate data, The Warren Group, publisher of The Commercial Record, has compiled a list of the top loan originators of the past 12 months. The originators are ranked by number of loans and loan volume statewide and in Fairfield County, and by the institution with which they are most closely affiliated (credit unions, banks and mortgage companies).

Though home price gains have slowed in the state over the past year, and refinances have dropped as well, the number of homes sold has skyrocketed. These LOs have worked hard to achieve their positions in the rankings; they are to be congratulated for their well-deserved success and their contributions to the Nutmeg State’s housing recovery.

LOAN ORIGINATORS FAIRFIELD COUNTY TOP LENDERS BY VOLUME OF LOANS CREDIT UNIONS

VOLUME

# OF LOANS

LENDER

Jackyn Putetti

$6,820,650

23

Mutual Security Credit Union

Tim Cahill

$6,252,351

42

Sikorsky Financial Credit Union

Lee Stater

$6,139,000

29

Sikorsky Financial Credit Union

Vicki Pekar

$5,220,100

28

Sikorsky Financial Credit Union

Robyn Russo

$4,504,700

3

Affinity Federal Credit Union

BANKS

VOLUME

# OF LOANS

LENDER

Jarret Coleman

$91,853,814

159

United Bank

Penn Johnson

$68,534,883

188

Savings Bank of Danbury

Timothy John Sickinger Jr.

$57,660,261

69

First Niagara Bank

William Hart

$53,139,529

191

Newtown Savings Bank

Hayden Cadwallader

$53,119,726

58

Liberty Bank

MORTGAGE COMPANIES

VOLUME

# OF LOANS

LENDER

Colleen Polson

$56,820,639

151

LoanDepot.Com LLC

John P. Grosso

$51,384,228

77

William Raveis Mortgage Co.

Timothy J. Martin Jr.

$50,365,967

99

NE Moves Mortgage Co.

Lisamarie Nicholas

$44,047,617

160

Prime Lending Inc.

David Garofalo

$36,646,263

119

Total Mortgage Services

18 | THE COMMERCIAL RECORD | JUNE 2016

LOAN ORIGINATORS FAIRFIELD COUNTY TOP LENDERS BY NUMBER OF LOANS CREDIT UNIONS

# OF LOANS

VOLUME

LENDER

Tim Cahill

42

$6,252,351

Sikorsky Financial Credit Union

Lee Stater

29

$6,139,000

Sikorsky Financial Credit Union

Vicki Pekar

28

$5,220,100

Sikorsky Financial Credit Union

Cathy Verrilli

25

$2,510,000

Mutual Security Credit Union

Jackyn Putetti

23

$6,820,650

Mutual Security Credit Union

BANKS

# OF LOANS

VOLUME

LENDER

William Hart

191

$53,139,529

Newtown Savings Bank

Penn Johnson

188

$68,534,883

Savings Bank of Danbury

Jarret Coleman

159

$91,853,814

United Bank

William P. Man

93

$49,442,733

First Niagara Bank

Joseph Silvio Chelednik

91

$36,567,120

Fairfield County Bank Corp.

VOLUME

LENDER

MORTGAGE COMPANIES # OF LOANS Lisamarie Nicholas

160

$44,047,617

Prime Lending Inc.

Colleen Polson

151

$56,820,639

LoanDepot.Com LLC

Christopher Bartlett

130

$25,346,535

E Mortgage Management LLC

David Garofalo

119

$36,646,263

Total Mortgage Services

Timothy J. Martin Jr.

99

$50,365,967

NE Moves Mortgage Co.

All loan totals in these rankings are for loans closed between April 1, 2015 and March 31, 2016; totals include both purchase and non-purchase loans for residential properties. The lenders listed here the ones for which the originator made the majority of their loans within the year’s timeframe. Data is sourced from public records which may contain errors. For more information please contact Data Solutions at 617-895-5365.

JUNE 2016 | THE COMMERCIAL RECORD | 19

LOAN ORIGINATORS STATEWIDE TOP LOAN ORIGINATORS BY VOLUME OF LOANS CREDIT UNIONS

VOLUME

# OF LOANS

LENDER

Jennifer Price

$43,033,300

300

American Eagle Federal Credit Union

Patrick Shiel

$39,687,040

316

American Eagle Federal Credit Union

Ann Gauthier

$33,571,354

232

Charter Oak Federal Credit Union

Meg M. Polubiatko

$30,220,795

208

Charter Oak Federal Credit Union

Tony Mastrorocco

$29,709,201

152

American Eagle Federal Credit Union

Todd Cooke

$27,334,742

187

Charter Oak Federal Credit Union

John Arcidiacono

$26,219,001

129

American Eagle Federal Credit Union

Meredith Stone

$23,842,833

86

Navy Federal Credit Union

Orazio Delvecchio

$22,046,800

118

American Eagle Federal Credit Union

Sharon Dimarco

$21,652,824

141

Charter Oak Federal Credit Union

BANKS

VOLUME

# OF LOANS

LENDER

Jarret Coleman

$100,467,835

197

United Bank

William Hart

$74,270,151

283

Newtown Savings Bank

Penn Johnson

$69,517,643

193

Savings Bank of Danbury

Timothy John Sickinger Jr.

$58,410,261

70

First Niagara Bank

Hayden Cadwallader

$53,119,726

58

Liberty Bank

Joseph Antonios

$52,111,595

73

United Bank

William P. Man

$51,937,298

101

First Niagara Bank

Kimberly Jade Weintraub

$51,932,749

63

First Niagara Bank

Lucy B. Krasnor

$50,045,999

44

Liberty Bank

Maura L. Hennessey

$46,919,501

27

JP Morgan Chase Bank

MORTGAGE COMPANIES

VOLUME

# OF LOANS

LENDER

Lisamarie Nicholas

$68,529,568

274

Prime Lending Inc.

Colleen Polson

$58,635,321

158

LoanDepot.Com LLC

John P. Grosso

$52,484,628

81

William Raveis Mortgage Co.

Timothy J. Martin Jr.

$51,571,322

103

NE Moves Mortgage Co.

David Garofalo

$47,066,938

165

Total Mortgage Services

Marc Nathan

$40,649,976

147

Village Mortgage Co.

Gerard McGuinness

$37,386,059

139

Prime Lending Inc.

Jorge L. Rivera III

$33,323,872

81

LoanDepot.Com LLC

Todd Stampp

$33,110,987

111

Freedom Mortgage Corp.

Christopher Bartlett

$32,424,447

171

E Mortgage Management LLC

20 | THE COMMERCIAL RECORD | JUNE 2016

LOAN ORIGINATORS STATEWIDE TOP LOAN ORIGINATORS BY NUMBER OF LOANS CREDIT UNIONS

# OF LOANS

VOLUME

LENDER

Patrick Shiel

316

$39,687,040

American Eagle Federal Credit Union

Jennifer Price

300

$43,033,300

American Eagle Federal Credit Union

Ann Gauthier

232

$33,571,354

Charter Oak Federal Credit Union

Meg M. Polubiatko

208

$30,220,795

Charter Oak Federal Credit Union

Todd Cooke

187

$27,334,742

Charter Oak Federal Credit Union

Sandra Smutnick

179

$10,385,000

American Eagle Federal Credit Union

Tony Mastrorocco

152

$29,709,201

American Eagle Federal Credit Union

Sharon Dimarco

141

$21,652,824

Charter Oak Federal Credit Union

John Arcidiacono

129

$26,219,001

American Eagle Federal Credit Union

Barbara Hall

122

$9,701,349

Charter Oak Federal Credit Union

BANKS

# OF LOANS

VOLUME

LENDER

William Hart

283

$74,270,151

Newtown Savings Bank

Mary Beth Cronin

241

$32,564,243

Liberty Bank

Jarret Coleman

197

$100,467,835

United Bank

Penn Johnson

193

$69,517,643

Savings Bank of Danbury

Lynne R. Kirby

192

$38,725,903

United Bank

Anna Podkowiak

171

$28,087,684

Farmington Bank

Sharon McHugh

160

$24,328,902

Savings Institute Bank & Trust

Daniel Laltrella

121

$30,723,133

MB Financial Bank NA

Kevin Belmonte

121

$25,012,432

Simsbury Bank and Trust Co.

Daniel Rosenfeld

105

$29,442,690

Leader Bank NA

VOLUME

LENDER

MORTGAGE COMPANIES # OF LOANS Lisamarie Nicholas

274

$68,529,568

Prime Lending Inc.

Keith Turner

185

$29,785,263

McCue Mortgage Co.

Christopher Bartlett

171

$32,424,447

E Mortgage Management LLC

David Garofalo

165

$47,066,938

Total Mortgage Services

Jean T. Jackson

163

$30,923,863

Village Mortgage Co.

Colleen Polson

158

$58,635,321

LoanDepot.Com LLC

John Hodgkins

155

$31,823,488

Village Mortgage Co.

Marc Nathan

147

$40,649,976

Village Mortgage Co.

Gerard McGuinness

139

$37,386,059

Prime Lending Inc.

Christian J. Harrison

136

$24,576,422

First World Mortgage

JUNE 2016 | THE COMMERCIAL RECORD | 21

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

TOP 3 STATEWIDE 200 Old Iron Ore Rd, Windsor............. $105,500,000

61 Pomeroy Ave, Meriden..................... $13,488,043

117 Albany Tpke, Canton....................... $7,676,491

Use: ���������������������������������������������������Industrial Building

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

Use:...............................................Office Bldg-Medical

Buyer: ...........................................Deka Immobilien Inv

Buyer:............................................. HTA Pomeroy LLC

Buyer: ..............................................CPI Canton 1 LLC

Seller: ................................................... KTR CT 1 LLC

Seller:.................................... Pomeroy Medical Assoc

Seller:.............................................. Sard Realty V LLC

Date:............................................................ 04/29/16

Date: ............................................................ 04/22/16

Mtg: ........................ Peoples United Bank $5,780,000

Total Assessed Value (2016): ...................$47,116,930

Total Assessed Value (2016):..................... $5,948,110

Date:............................................................ 05/03/16

Lot Size: ..................................................... 3899056sf

Lot Size: ....................................................... 378014sf

Total Assessed Value (2015): .....................$2,683,100

Prior Sale:..................................... $3,625,000 (11/08)

Lot Size:......................................................... 64904sf

FAIRFIELD 326 Main Ave, Norwalk................... $2,450,000 Use:........................................................Retail-Service Buyer: ........................................... Jes Mar Assoc LLC Seller: ............................................Excelsior Testa LLC Mtg:........................ Fairfield County Bank $1,500,000 Date: ............................................................ 04/28/16 Total Assessed Value (2015): ........................$906,780 Lot Size:......................................................... 28793sf Prior Sale: .....................................$1,400,000 (04/16)

180 Noroton Ave, Darien................. $2,400,000 Use:.............................................. Gas/Service Station Buyer:........................................................ Murree LLC Seller: ......................................... Tamburro Realty LLC Date:............................................................ 04/21/16 Total Assessed Value (2015): .....................$1,015,980 Lot Size: ......................................................... 21066sf Prior Sale:........................................ $810,000 (11/04)

326 Main Ave, Norwalk................... $1,400,000 Use:........................................................Retail-Service Buyer:............................................. 326 Main Ave LLC Seller: ........................................... Jes Mar Assoc LLC Mtg: ............................ CT Community Bk $1,050,000 Date: ............................................................ 04/27/16 Total Assessed Value (2015):........................ $906,780 Lot Size: ......................................................... 28793sf

117 Albany Tpke, Canton................ $7,676,491 Use:...............................................Office Bldg-Medical Buyer:.............................................. CPI Canton 1 LLC Seller:.............................................. Sard Realty V LLC Mtg: ........................ Peoples United Bank $5,780,000 Date:............................................................ 05/03/16 Total Assessed Value (2015): .....................$2,683,100 Lot Size: ......................................................... 64904sf

58 N Washington St, Plainville........ $5,500,000 Use:......................................... Manufacturing Building Buyer:...................................... Clean Earth Of Carteret Seller: ............................................................WIC LLC Date:............................................................ 04/19/16 Total Assessed Value (2015): .....................$1,045,780 Lot Size: ....................................................... 710028sf

31 Railroad St, North Canaan......... $1,244,000 Use:................................... Apartment Bldg - 4-8 Units Buyer:.............................. Connor Rose Realty Canaan Seller: .............................. Ronald F Knickerbocker &

Elizabeth C Knickerbocker Mtg: .............................Union Savings Bank $962,000 Date:............................................................ 04/21/16 Total Assessed Value (2015): ........................$657,850 Lot Size: ......................................................... 17424sf

77 Hageman Shean Rd, Goshen...... $975,000 Use:............................................ Farm and Forest Use Buyer: ....................................77 Hageman Shean LLC Seller: ............................................ Stephen B Cooney Date: ............................................................ 04/04/16 Total Assessed Value (2015):........................ $993,030 Lot Size: ..................................................... 6084896sf Prior Sale: ..........................................$56,850 (12/01)

61 River Rd, Cromwell..................... $250,000 Use:...................................... Commercial Vacant Land Buyer: ..............................................Cromwell Town Of Seller: ................................................ CLM Realty LLC Date:............................................................ 04/22/16 Total Assessed Value (2015):........................ $115,060 Lot Size: ......................................................... 42689sf

132 Marlborough St, Portland.......... $210,000 Use:...............................................Office Bldg-General Buyer: ...................................................... Teacam LLC Seller: ................................68 Marlborough Street LLC Mtg: ......................... 68 Marlborough Street $180,000 Date:............................................................ 04/25/16 Total Assessed Value (2015): ........................$352,800 Lot Size: ......................................................... 31363sf

HARTFORD 200 Old Iron Ore Rd, Windsor......$105,500,000 Use:..................................................Industrial Building Buyer:........................................... Deka Immobilien Inv Seller: ................................................... KTR CT 1 LLC Date:............................................................ 04/29/16 Total Assessed Value (2016):................... $47,116,930 Lot Size: ..................................................... 3899056sf

LITCHFIELD 223 Kent Rd, New Milford............... $1,800,000 Use:.............................. Mixed Use-Prim Res & Comm Buyer:........................................... 223 Kent Road LLC Seller:...................................................... Foodzis LLC Mtg:.......................... Union Savings Bank $1,000,000 Date:............................................................ 04/21/16 Total Assessed Value (2015): .....................$1,429,610 Lot Size:....................................................... 195584sf

MIDDLESEX 399 Dekoven Dr, Middletown........... $280,000 Use:............................................... Apartment Building Buyer:.................................... Creative Star Realty LLC Seller: ................Robert F Sambat & Lavinia N Sambat Mtg: .......................... Capital For Change In $252,000 Date: ............................................................ 05/06/16 Total Assessed Value (2015): ........................$238,930 Lot Size: ......................................................... 12632sf Prior Sale: ........................................$360,000 (03/10)

22 | THE COMMERCIAL RECORD | JUNE 2016

FEATURED PROPERTY 223 Kent Rd, New Milford............................................................. $1,800,000 Use:......................................................................... Mixed Use-Prim Res & Comm Buyer:...................................................................................... 223 Kent Road LLC Seller:.................................................................................................. Foodzis LLC Mtg:..................................................................... Union Savings Bank $1,000,000 Date:........................................................................................................ 04/21/16 Total Assessed Value (2015): ................................................................ $1,429,610 Lot Size:.................................................................................................. 195584sf

NEW HAVEN 61 Pomeroy Ave, Meriden..............$13,488,043 Use:............................................. Commercial Building Buyer:............................................. HTA Pomeroy LLC Seller:.................................... Pomeroy Medical Assoc Date:............................................................ 04/22/16 Total Assessed Value (2016): .....................$5,948,110 Lot Size:....................................................... 378014sf Prior Sale:..................................... $3,625,000 (11/08)

417 Bridgeport Ave, Milford............ $1,800,000 Use:...................................... Commercial Vacant Land Buyer: .......................................... Lock Up Milford LLC Seller: .................................... Liberty Rock Enterprises Date:............................................................ 04/27/16 Total Assessed Value (2015):........................ $240,980 Lot Size:......................................................... 31363sf

1954 Baldwin St, Waterbury........... $1,635,000 Use:.........................................................Supermarket Buyer: ................................... 1954 Baldwin Street LLC Seller: .................................................Erol Mamudoski Mtg: ......................Sharestates Investmen $1,226,000 Date: ............................................................ 04/15/16 Total Assessed Value (2016): ........................$828,800 Lot Size: ......................................................... 43996sf Prior Sale:........................................ $850,000 (11/05)

9-A Halls Rd, Old Lyme.................... $980,000 Use:............................................. Commercial Building Buyer: ................................Florence Griswold Museum Seller:............................................... Warren E Hannas Date: ............................................................ 04/14/16 Total Assessed Value (2016): ........................$342,900 Lot Size: ......................................................... 52216sf Prior Sale: ..........................................$63,755 (11/92)

120 Cedar Grove Ave, New London. $600,000 Use:............................................. Commercial Building Buyer:.............................................. FW Edgerton LLC Seller: ....................................Colman Square Partners Date:............................................................ 04/11/16 Total Assessed Value (2016): ........................$735,770 Lot Size: ....................................................... 145055sf

93-95 West Rd, Ellington................. $200,000 Use:............................................. Commercial Building Buyer: ..................... David H Weeks & Robert L Weeks Seller: ............... Arnold Benjamin & Myrtle M Benjamin Mtg: .................................... Arnold Benjamin $50,000 Date: ............................................................ 04/20/16 Total Assessed Value (2015): ........................$189,400 Lot Size: ....................................................... 100188sf

84 Village St, Vernon....................... $180,000 Use:................................... Apartment Bldg - 4-8 Units Buyer:...................................................... Yvonne Willis Seller: ......................Manolo Quinteiro & Pilar Quinteiro Mtg: ..................................... Village Mtg Co $176,739 Date:............................................................ 04/05/16 Total Assessed Value (2015):........................ $112,280 Lot Size:......................................................... 14810sf Prior Sale: ..........................................$84,000 (07/02)

2 Grove St, Putnam.......................... $270,000 Use:............................................. Commercial Building Buyer: ...................................NY Investor Group Of US Seller:............................. Home Loan Invest Bank FSB Mtg:........................... Home Ln & Invest Bk $470,000 Date: ............................................................ 04/25/16 Total Assessed Value (2016):.........................$349,100 Lot Size: ......................................................... 14810sf Prior Sale:........................................ $350,000 (07/15)

473 Valley View Rd, Sterling............ $185,000 Use:............................ Mixed Use-Prim Comm & Resd Buyer: .......................Scott J Knox & Georgianna Knox Seller: ........................................... Carol A Lovell-Reed Date: ............................................................ 04/04/16 Total Assessed Value (2015): ........................$206,900 Lot Size: ....................................................... 208217sf Prior Sale: ........................................$125,000 (09/01)

NEW LONDON 404 Bridge St, Groton..................... $1,625,000 Use:.................................................................... Motel Buyer: ............................................. Jalaram Kripa LLC Seller: ............................................................ Rami Inc Mtg: ....................................Putnam Bank $1,218,000 Date: ............................................................ 04/28/16 Total Assessed Value (2015): .....................$1,652,980 Lot Size: ....................................................... 206474sf Prior Sale: .....................................$2,500,000 (03/89)

TOLLAND 8 Daly Rd, Coventry......................... $385,000 Use:............................................. Commercial Building Buyer: ................................................. SM Kothari LLC Seller: ..........................................................Desai LLC Mtg:............................................ Desai LLC $308,000 Date:............................................................ 04/21/16 Total Assessed Value (2015):........................ $358,300 Lot Size: ......................................................... 57064sf Prior Sale:........................................ $175,110 (02/04)

WINDHAM 131 Calvin French Rd, Sterling........ $500,000 Use:.......................................................Camping Area Buyer: .................................................Covadonga LLC Seller: .........................................Sun Ridge Resort Inc Mtg: ...........................Sun Ridge Resort Inc $350,000 Date: ............................................................ 04/18/16 Total Assessed Value (2015):........................ $288,470 Lot Size: ..................................................... 1704067sf Prior Sale:........................................ $128,000 (08/08)

JUNE 2016 | THE COMMERCIAL RECORD | 23

TRENDLINES

FAIRFIELD COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BETHEL 1 Family

1 5

9

-40.00%

46

41

-10.87%

$275,000

$315,000

14.55%

$282,500

$295,000

4.42%

Condo

9

4

-55.56%

25

15

-40.00%

$235,000

$244,000

3.83%

$290,000

$302,839

4.43%

2 8

19

-32.14%

83

80

-3.61%

$255,250

$351,183

37.58%

$290,000

$306,750

5.78%

$153,900

4.34%

All Sales

BRIDGEPORT 1 Family

2 8

45

60.71%

115

143

24.35%

$147,500

$153,000

3.73%

$147,500

Condo

1 7

10

-41.18%

37

52

40.54%

$65,500

$81,000

23.66%

$75,000

97

14.12%

278

337

21.22%

$124,000

$138,000

11.29%

$125,000

$131,250

5.00%

All Sales

8 5

$64,500 -14.00%

BROOKFIELD 1 Family

1 3

5

-61.54%

42

40

-4.76%

$350,000

$579,000

65.43%

$357,500

$357,500

0.00%

Condo

6

6

0.00%

15

17

13.33%

$156,500

$190,125

21.49%

$159,000

$168,000

5.66%

2 6

22

-15.38%

84

78

-7.14%

$274,400

$222,250

-19.01%

$315,000

$283,000 -10.16%

1 Family

2 6

27

3.85%

94

115

22.34%

$277,000

$260,000

-6.14%

$252,500

$259,900

Condo

2 7

26

-3.70%

84

92

9.52%

$237,000

$157,375

-33.60%

$182,500

$160,000 -12.33%

7 9

66

-16.46%

246

279

13.41%

$275,000

$233,500

-15.09%

$255,500

$247,799

-3.01%

1 Family

1 7

25

47.06%

58

74

27.59%

$1,900,000

$1,155,000

-39.21% $1,222,500

$1,222,500

0.00%

Condo

5

1

-80.00%

12

8

-33.33%

$1,580,000

N/A -100.00% $1,671,100

$1,676,274

0.31%

2 4

30

25.00%

79

93

17.72%

$1,754,874

$1,128,000

1 Family

1 1

8

-27.27%

32

30

-6.25%

$521,000

$567,251

Condo

0

0

0

0

1 1

9

-18.18%

33

35

All Sales

DANBURY

All Sales

2.93%

DARIEN

All Sales

-35.72% $1,650,000

$1,290,000 -21.82%

EASTON

All Sales

N/A

N/A

N/A

N/A

8.88% N/A

$590,000 N/A

$583,750 N/A

-1.06% N/A

6.06%

$521,000

$569,501

9.31%

$570,000

$591,500

3.77%

1.89%

FAIRFIELD 1 Family

5 8

61

5.17%

163

150

-7.98%

$527,000

$475,000

-9.87%

$530,000

$540,000

Condo

5

10

100.00%

21

28

33.33%

$260,000

$252,450

-2.90%

$355,000

$297,250 -16.27%

7 1

80

12.68%

209

210

0.48%

$495,000

$441,500

-10.81%

$500,000

$511,000

9.10% $1,475,000

$1,435,000

-2.71%

$700,000

13.36%

All Sales

2.20%

GREENWICH 1 Family

3 4

29

-14.71%

105

87

-17.14%

$1,757,500

$1,917,500

Condo

1 1

6

-45.45%

38

39

2.63%

$905,000

$785,000

5 2

43

-17.31%

170

152

-10.59%

$1,372,500

$1,195,000

1 Family

1 1

11

0.00%

48

33

-31.25%

$391,200

$308,000

-21.27%

$357,750

$289,900 -18.97%

Condo

4

8

100.00%

15

13

-13.33%

$165,000

$180,500

9.39%

$202,500

$190,000

1 6

19

18.75%

69

56

-18.84%

$292,450

$246,300

-15.78%

$315,000

$264,000 -16.19%

$1,400,000

$1,450,001

3.57% $1,395,000

$378,750

N/A $827,000 -5.02% $1,250,000

All Sales

-13.26%

$617,500

-12.93% $1,167,500

$1,050,000 -10.06%

MONROE

All Sales

-6.17%

NEW CANAAN 1 Family

1 3

15

15.38%

49

54

10.20%

Condo

1

4

300.00%

14

17

21.43%

1 5

19

26.67%

73

80

9.59%

$1,395,000

$1,325,000

14

55.56%

45

56

24.44%

$251,800

$293,835

0 -100.00%

5

2

-60.00%

$230,065

6.78%

$251,800

$293,835

16.69%

$287,500

$285,000

$342,500

$336,000

-1.90%

$362,500

$342,500

-5.52%

N/A $290,000

$359,000

23.79%

$340,000

-3.20%

All Sales

N/A

$1,437,501

3.05%

$630,000 -23.82% $1,257,750

0.62%

NEW FAIRFIELD 1 Family

9

Condo

3

All Sales

1 5

14

-6.67%

59

63

16.69%

$336,900

N/A -100.00%

$230,065

$291,000 -13.62% N/A - 100.00% -0.87%

NEWTOWN 1 Family

3 1

35

12.90%

97

98

1.03%

Condo

2

3

50.00%

3

5

66.67%

3 5

41

17.14%

110

117

6.36%

All Sales

24 | THE COMMERCIAL RECORD | JUNE 2016

N/A $342,500

$359,000 $340,000

-0.73%

$351,250

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORWALK 1 Family

4 3

54

25.58%

144

166

15.28%

$501,000

$453,750

-9.43%

$447,500

$408,750

-8.66%

Condo

2 6

30

15.38%

97

85

-12.37%

$258,750

$269,000

3.96%

$253,000

$253,000

0.00%

7 4

98

32.43%

281

309

9.96%

$389,750

$377,000

-3.27%

$364,900

$363,000

-0.52%

1 Family

6

16

166.67%

26

34

30.77%

$468,750

$510,000

8.80%

$521,250

$512,500

-1.68%

Condo

0

1

0

2

7

19

171.43%

29

43

48.28%

$512,500

$474,000

-7.51%

$530,000

$510,000

All Sales

REDDING

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A -3.77%

RIDGEFIELD 1 Family

1 7

26

52.94%

64

79

23.44%

$750,000

$675,500

-9.93%

$627,400

$575,000

-8.35%

Condo

4

4

0.00%

16

21

31.25%

$245,000

$240,000

-2.04%

$190,896

$225,000

17.87%

2 3

31

34.78%

92

105

14.13%

$750,000

$660,000

-12.00%

$547,900

$540,000

-1.44%

1 Family

1 8

27

50.00%

72

87

20.83%

$259,500

$286,000

10.21%

$263,750

$286,000

8.44%

Condo

1 7

11

-35.29%

41

35

-14.63%

$315,000

$250,000

-20.63%

$240,000

$225,000

-6.25%

46

9.52%

139

144

3.60%

$318,125

$279,500

-12.14%

$280,000

$277,000

-1.07%

33.33%

11

15

36.36%

$285,000

$682,500 139.47%

$375,000

$499,000

33.07%

0

0

All Sales

SHELTON

All Sales

4 2

SHERMAN 1 Family

3

4

Condo

0

0

5

5

0.00%

13

18

38.46%

$300,000

$615,000 105.00%

$375,000

$465,000

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A 24.00%

STAMFORD 1 Family

4 9

63

28.57%

154

204

32.47%

$550,000

$525,000

-4.55%

$529,000

$529,350

0.07%

Condo

3 7

58

56.76%

129

169

31.01%

$297,500

$302,500

1.68%

$260,000

$290,000

11.54%

1 02

160

56.86%

345

473

37.10%

$446,667

$417,500

-6.53%

$404,250

$425,614

5.28%

-3.82%

All Sales

STRATFORD 1 Family

4 9

47

-4.08%

123

167

35.77%

$227,000

$236,000

3.96%

$219,900

$211,500

Condo

8

21

162.50%

32

52

62.50%

$177,500

$150,000

-15.49%

$179,500

$146,000 -18.66%

6 5

83

27.69%

196

266

35.71%

$212,500

$196,000

-7.76%

$212,750

$195,000

-8.34%

$430,000

$341,750

-20.52%

$352,500

$352,900

0.11%

N/A $322,000

$345,000

7.14%

All Sales

TRUMBULL 1 Family

2 1

48

128.57%

69

118

71.01%

Condo

1

4

300.00%

7

9

28.57%

2 6

57

119.23%

86

135

56.98%

$420,000

$350,000

-16.67%

$347,950

$353,000

1.45%

1 Family

1 3

9

-30.77%

32

33

3.13%

$805,000

$800,000

-0.62%

$720,000

$745,000

3.47%

Condo

0

0

0

0

1 3

10

-23.08%

36

35

-2.78%

$805,000

$638,000

$1,140,000

All Sales

N/A

$430,000

WESTON

All Sales

N/A

N/A

N/A

N/A

N/A -20.75%

N/A

N/A

$740,000

$685,000

3.64% $1,100,000

N/A -7.43%

WESTPORT 1 Family

2 9

37

27.59%

83

109

31.33%

$1,100,000

Condo

3

2

-33.33%

8

8

0.00%

$350,000

3 8

44

15.79%

105

134

27.62%

$1,072,500

$992,500

1 Family

1 3

16

23.08%

43

41

-4.65%

$690,000

$729,000

Condo

2

5

150.00%

5

11

120.00%

1 7

22

29.41%

55

58

5.45%

$650,000

$669,000

2.92%

All Sales

$1,175,000

6.82%

$595,000

$742,500

24.79%

-7.46% $1,050,000

$1,175,000

11.90%

N/A -100.00%

WILTON

All Sales

N/A

$375,000

5.65%

$860,000

$780,000

-9.30%

N/A $275,000

$370,000

34.55%

$782,000

$774,500

-0.96%

FAIRFIELD COUNTY 1 Family

5 27

631

19.73% 1,715

Condo

1 88

214

13.83%

All Sales

8 69

1,034

1,974

15.10%

$484,000

$425,000

-12.19%

$440,000

$410,000

-6.82%

604

680

12.58%

$254,000

$238,750

-6.00%

$252,750

$240,000

-5.04%

18.99% 2,870

3,300

14.98%

$385,000

$350,592

-8.94%

$360,000

$350,000

-2.78%

JUNE 2016 | THE COMMERCIAL RECORD | 25

TRENDLINES

HARTFORD COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

1 3 1 6 3 3

17 5 26

30.77% -68.75% -21.21%

50 42 103

1 6 2 1 9

20 3 27

25.00% 50.00% 42.11%

2 5 3 3 4

20 6 32

2 8 3 4 6

36 13 62

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

54 23 84

8.00% -45.24% -18.45%

$490,000 $207,500 $320,000

$335,000 $283,000 $315,000

-31.63% 36.39% -1.56%

36 14 60

44 9 63

22.22% -35.71% 5.00%

$251,250 N/A $247,500

$224,950 $255,000 $240,000

-10.47% $238,100 N/A $200,250 -3.03% $219,950

-20.00% 100.00% -5.88%

62 10 81

70 15 98

12.90% 50.00% 20.99%

$215,000 $245,000 $220,450

$202,500 $222,950 $227,000

-5.81% -9.00% 2.97%

$178,000 $226,250 $182,900

$146,500 -17.70% $170,000 -24.86% $169,950 -7.08%

28.57% 333.33% 34.78%

83 15 135

127 32 202

53.01% 113.33% 49.63%

$157,250 $120,000 $163,500

$174,450 $99,000 $144,500

10.94% -17.50% -11.62%

$170,000 $104,500 $164,900

$168,000 -1.18% $100,000 -4.31% $148,250 -10.10%

29 0 37

25 2 31

-13.79% N/A -16.22%

$464,500 N/A $459,000

$345,000 -25.73% $279,000 N/A N/A N/A $375,375 -18.22% $265,000

$279,000 0.00% N/A N/A $290,000 9.43% $289,000 4.15% $141,250 -24.16% $267,000 13.14%

AVON 1 Family Condo All Sales

$405,000 $207,500 $310,000

$340,500 -15.93% $190,000 -8.43% $304,500 -1.77%

BERLIN 1 Family Condo All Sales

$219,450 $255,000 $230,000

-7.83% 27.34% 4.57%

BLOOMFIELD 1 Family Condo All Sales

BRISTOL 1 Family Condo All Sales

BURLINGTON 1 Family Condo All Sales

8 0 1 1

9 0 10

12.50% N/A -9.09%

8 7 1 5

7 1 8

-12.50% -85.71% -46.67%

18 13 37

23 6 32

27.78% -53.85% -13.51%

$404,500 $192,500 $270,000

$332,500 -17.80% N/A -100.00% $316,250 17.13%

3 2 7

-50.00% N/A 0.00%

8 1 13

13 4 21

62.50% 300.00% 61.54%

$232,950 N/A $235,000

$180,000 -22.73% $225,700 N/A N/A N/A $206,000 -12.34% $235,000

CANTON 1 Family Condo All Sales

$277,475 $186,250 $236,000

EAST GRANBY 1 Family Condo All Sales

6 0 7

$206,000 -8.73% $125,950 N/A $195,000 -17.02%

EAST HARTFORD 1 Family Condo All Sales

2 0 6 3 6

42 2 55

110.00% -66.67% 52.78%

91 14 144

129 9 182

41.76% -35.71% 26.39%

$167,500 $145,500 -13.13% $94,000 -100.00% $169,000 $145,000 -14.20%

$130,000 $61,000 $134,000

$145,000 11.54% $171,000 180.33% $144,500 7.84%

6 3 1 1

3 1 5

-50.00% -66.67% -54.55%

23 8 40

20 4 35

-13.04% -50.00% -12.50%

$150,000 $179,900 19.93% $130,000 -100.00% $135,000 $135,000 0.00%

$140,000 $136,500 $136,500

$192,500 $194,500 $176,000

3 3 6 4 1

41 8 58

24.24% 33.33% 41.46%

97 28 136

126 27 174

29.90% -3.57% 27.94%

$175,000 $136,500 $165,000

$169,000 $134,950 $164,500

-3.43% -1.14% -0.30%

$166,350 $139,000 $159,375

$164,500 -1.11% $125,000 -10.07% $157,950 -0.89%

17 10 31

21.43% -23.08% -3.13%

45 30 90

70 42 125

55.56% 40.00% 38.89%

$338,500 $177,000 $253,000

$370,000 $232,250 $338,000

9.31% 31.21% 33.60%

$325,000 $178,500 $297,250

$312,450 $175,500 $280,000

-3.86% -1.68% -5.80%

1 8 7 3 1

34 11 55

88.89% 57.14% 77.42%

70 29 122

109 38 170

55.71% 31.03% 39.34%

$321,000 $156,000 $292,500

$314,750 $157,000 $299,900

-1.95% 0.64% 2.53%

$312,500 $175,000 $293,750

$317,000 $163,950 $275,000

1.44% -6.31% -6.38%

6 2 9

13 116.67% 0 -100.00% 17 88.89%

26 6 38

33 2 53

70 39 208

84 35 258

5 0 5

5 0 6

EAST WINDSOR 1 Family Condo All Sales

37.50% 42.49% 28.94%

ENFIELD 1 Family Condo All Sales

FARMINGTON 1 Family Condo All Sales

1 4 1 3 3 2

GLASTONBURY 1 Family Condo All Sales

GRANBY 1 Family Condo All Sales

26.92% $247,500 $332,000 -66.67% 39.47% $234,000 $327,500

34.14% $266,500 $258,500 -3.00% N/A $147,750 -100.00% 39.96% $242,500 $250,000 3.09%

20.00% -10.26% 24.04%

31.09% 3.62% 34.72%

HARTFORD 1 Family Condo All Sales

2 4 1 0 5 8

28 10 75

16.67% 0.00% 29.31%

$96,500 $47,000 $96,500

$126,500 $48,700 $130,000

$92,905 $54,000 $105,000

$100,000 7.64% $47,500 -12.04% $114,450 9.00%

HARTLAND 1 Family Condo All Sales

2 0 2

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

26 | THE COMMERCIAL RECORD | JUNE 2016

0.00% N/A 20.00%

N/A N/A N/A

N/A N/A N/A

N/A $209,000 N/A N/A N/A $209,000

$286,000 36.84% N/A N/A $280,000 33.97%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

MANCHESTER 1 Family Condo All Sales

3 1 7 4 7

41 8 62

32.26% 14.29% 31.91%

99 19 151

132 36 218

33.33% 89.47% 44.37%

$159,000 $101,000 $145,200

$162,605 $92,400 $144,500

4 0 4

-33.33% N/A -50.00%

15 2 22

13 1 15

2.27% -8.51% -0.48%

$159,000 $105,000 $154,000

$162,753 $101,500 $155,000

2.36% -3.33% 0.65%

-13.33% -50.00% -31.82%

$227,500 N/A $299,000

$311,000 36.70% $264,500 N/A N/A N/A $311,000 4.01% $250,250

$287,000 8.51% N/A N/A $276,000 10.29%

MARLBOROUGH 1 Family Condo All Sales

6 0 8

NEW BRITAIN 1 Family Condo All Sales

2 2 7 4 4

32 5 60

45.45% -28.57% 36.36%

98 22 180

117 18 223

19.39% -18.18% 23.89%

$117,250 $64,000 $117,250

$129,000 $106,000 $126,125

10.02% 65.63% 7.57%

$123,950 $59,950 $120,000

$132,000 $62,550 $125,000

6.49% 4.34% 4.17%

16 10 28

0.00% 11.11% -6.67%

57 27 101

57 37 107

0.00% 37.04% 5.94%

$214,000 $152,500 $191,500

$222,250 $133,700 $202,500

3.86% -12.33% 5.74%

$190,000 $145,000 $188,000

$200,000 $142,500 $183,000

5.26% -1.72% -2.66%

11 3 18

57.14% -25.00% 28.57%

30 12 51

34 11 61

13.33% -8.33% 19.61%

$174,000 $190,500 $182,500

$181,000 $128,000 $178,000

4.02% -32.81% -2.47%

$185,000 $162,500 $189,000

$167,500 -9.46% $110,000 -32.31% $165,000 -12.70%

10 14 27

42.86% 55.56% 28.57%

29 28 67

36 53 98

24.14% 89.29% 46.27%

$238,500 $128,500 $155,000

$276,000 $165,000 $205,000

15.72% 28.40% 32.26%

$238,500 $133,750 $191,000

$258,750 $168,500 $195,000

30 4 35

66.67% -33.33% 40.00%

65 17 86

87 18 111

33.85% 5.88% 29.07%

$260,250 $167,250 $225,000

$311,750 $317,060 $310,000

19.79% 89.57% 37.78%

$295,000 $176,500 $268,500

$291,500 -1.19% $143,750 -18.56% $275,000 2.42%

12 11 27

20.00% 83.33% 42.11%

43 13 68

58 29 100

34.88% 123.08% 47.06%

$271,850 $202,000 $239,000

$257,500 $209,000 $215,000

-5.28% 3.47% -10.04%

$280,000 $160,000 $236,000

$250,500 -10.54% $159,000 -0.63% $222,500 -5.72%

3 0 7 4 8

36 14 60

20.00% 100.00% 25.00%

80 21 145

119 32 187

48.75% 52.38% 28.97%

$236,250 $170,000 $220,000

$306,225 $145,000 $245,950

29.62% -14.71% 11.80%

$235,000 $170,500 $225,000

$260,000 10.64% $129,500 -24.05% $235,000 4.44%

6 1 1 2

12 5 23

100.00% 400.00% 91.67%

27 12 50

28 14 58

3.70% $297,500 16.67% 16.00% $284,500

$304,000 $162,000 $200,000

2.18% $235,000 N/A $127,750 -29.70% $202,500

54 11 76

25.58% 83.33% 38.18%

139 27 182

192 40 269

38.13% 48.15% 47.80%

$265,500 $224,500 $279,900

$270,500 $225,000 $276,750

1.88% 0.22% -1.13%

$265,000 $215,000 $261,800

$292,500 10.38% $189,000 -12.09% $281,500 7.52%

1 7 6 2 3

28 4 36

64.71% -33.33% 56.52%

81 16 110

85 9 106

4.94% -43.75% -3.64%

$267,000 $105,000 $184,800

$205,450 $139,450 $205,000

-23.05% 32.81% 10.93%

$223,700 $148,680 $184,900

$222,000 -0.76% $127,000 -14.58% $210,000 13.57%

2 2 5 3 1

19 2 26

-13.64% -60.00% -16.13%

79 14 104

86 22 128

8.86% 57.14% 23.08%

$177,750 $225,000 $182,000

$184,000 3.52% N/A -100.00% $212,000 16.48%

$179,900 $97,000 $173,750

$177,300 $144,500 $174,950

-1.45% 48.97% 0.69%

11 3 16

22.22% 50.00% 14.29%

24 8 41

40 10 61

66.67% 25.00% 48.78%

$192,500 N/A $194,500

$160,000 $145,000 $162,750

-16.88% $151,250 N/A $127,450 -16.32% $157,000

$157,500 $129,500 $162,000

4.13% 1.61% 3.18%

28.66% 1,579 8.50% 487 24.48% 2,607

2,016 578 3,276

27.68% 18.69% 25.66%

$211,000 $152,000 $192,750

$206,000 $152,250 $193,000

$200,000 $142,000 $184,250

1.78% -5.33% 0.14%

NEWINGTON 1 Family Condo All Sales

1 6 9 3 0

PLAINVILLE 1 Family Condo All Sales

7 4 1 4

ROCKY HILL 1 Family Condo All Sales

7 9 2 1

8.49% 25.98% 2.09%

SIMSBURY 1 Family Condo All Sales

1 8 6 2 5

SOUTH WINDSOR 1 Family Condo All Sales

1 0 6 1 9

SOUTHINGTON 1 Family Condo All Sales

SUFFIELD 1 Family Condo All Sales

$247,500 $162,000 $197,000

5.32% 26.81% -2.72%

WEST HARTFORD 1 Family Condo All Sales

4 3 6 5 5

WETHERSFIELD 1 Family Condo All Sales

WINDSOR 1 Family Condo All Sales

WINDSOR LOCKS 1 Family Condo All Sales

9 2 1 4

HARTFORD COUNTY 1 Family Condo All Sales

4 71 1 53 7 76

606 166 966

-2.37% 0.16% 0.13%

$196,500 $150,000 $184,000

JUNE 2016 | THE COMMERCIAL RECORD | 27

TRENDLINES

LITCHFIELD COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BARKHAMSTED 1 Family Condo All Sales

4 0 4

5 0 7

25.00% N/A 75.00%

9 0 12

11 0 14

22.22% N/A 16.67%

$192,450 N/A $192,450

$250,000 29.90% $193,900 N/A N/A N/A $250,000 29.90% $194,450

$250,000 28.93% N/A N/A $254,000 30.62%

1 0 1

0.00% N/A 0.00%

6 0 8

6 0 9

0.00% N/A 12.50%

N/A N/A N/A

N/A N/A N/A

N/A $283,500 N/A N/A N/A $283,500

$205,875 -27.38% N/A N/A $205,000 -27.69%

2 0 3

3 0 3

50.00% N/A 0.00%

5 0 6

4 0 8

-20.00% N/A 33.33%

N/A N/A $512,500

$501,299 N/A $501,299

N/A $330,000 N/A N/A -2.19% $400,000

$415,650 25.95% N/A N/A $503,150 25.79%

1 0 1

1 0 3

0.00% N/A 200.00%

2 0 3

3 0 5

50.00% N/A 66.67%

N/A N/A N/A

N/A N/A $73,252

N/A N/A N/A N/A N/A $387,500

$230,000 N/A N/A N/A $130,000 -66.45%

2 0 2

0.00% N/A -33.33%

3 0 5

4 0 4

33.33% N/A $159,000 N/A N/A N/A N/A N/A -20.00% $159,000 -100.00% $216,000

$149,000 -6.29% N/A N/A $149,000 -31.02%

0 0 0

1 0 3

N/A N/A N/A

2 0 2

5 0 7

150.00% N/A 250.00%

N/A N/A N/A

$295,000 N/A $300,000

7 0 8

2 0 3

-71.43% N/A -62.50%

16 0 21

12 0 17

-25.00% N/A -19.05%

$290,000 N/A $282,500

N/A -100.00% $305,000 N/A N/A N/A $975,000 245.13% $300,000

$270,000 -11.48% N/A N/A $235,000 -21.67%

9 0 1 1

4 0 7

-55.56% N/A -36.36%

22 0 27

20 1 29

-9.09% N/A 7.41%

$274,900 N/A $214,000

$212,500 -22.70% $209,500 N/A N/A N/A $195,000 -8.88% $195,000

$252,500 20.53% N/A N/A $247,000 26.67%

1 0 1

2 0 4

100.00% N/A 300.00%

9 0 11

7 3 16

-22.22% N/A 45.45%

N/A N/A N/A

N/A N/A $438,500

N/A $520,000 N/A N/A N/A $515,000

$375,000 -27.88% $169,900 N/A $346,250 -32.77%

6 0 10

20.00% N/A 42.86%

13 2 20

19 1 30

46.15% -50.00% 50.00%

$277,500 -36.93% $310,000 N/A N/A N/A $324,579 -0.28% $300,000

$272,500 -12.10% N/A N/A $271,250 -9.58%

0 -100.00% 0 N/A 2 100.00%

10 0 13

1 0 3

1 3 4

-75.00% 200.00% -33.33%

11 2 22

10 5 24

-9.09% 150.00% 9.09%

$166,450 N/A $129,450

1 1 4 2 1

17 2 24

54.55% -50.00% 14.29%

54 23 99

71 15 109

31.48% -34.78% 10.10%

$189,000 $325,000 71.96% $124,000 -100.00% $135,000 $306,500 127.04%

0 0 0

1 0 2

2 0 4

7 0 9

BETHLEHEM 1 Family Condo All Sales

1 0 1

BRIDGEWATER 1 Family Condo All Sales

CANAAN 1 Family Condo All Sales

COLEBROOK 1 Family Condo All Sales

2 0 3

CORNWALL 1 Family Condo All Sales

N/A N/A $400,000

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

GOSHEN 1 Family Condo All Sales

HARWINTON 1 Family Condo All Sales

KENT 1 Family Condo All Sales

LITCHFIELD 1 Family Condo All Sales

5 0 7

$440,000 N/A $325,500

MORRIS 1 Family Condo All Sales

1 0 1

-90.00% N/A -76.92%

N/A N/A N/A

N/A N/A N/A

N/A $236,000 N/A N/A N/A $222,000

N/A - 100.00% N/A N/A $130,000 -41.44%

NEW HARTFORD 1 Family Condo All Sales

4 1 6

N/A -100.00% $158,000 $113,500 N/A N/A $117,250 -9.42% $131,000

$225,000 $113,500 $123,000

42.41% N/A -6.11%

$267,500 $99,999 $225,000

9.18% 5.26% 26.05%

NEW MILFORD 1 Family Condo All Sales

$245,000 $95,000 $178,500

NORFOLK 1 Family Condo All Sales

N/A N/A N/A

250.00% N/A 125.00%

28 | THE COMMERCIAL RECORD | JUNE 2016

N/A N/A N/A

N/A N/A N/A

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

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

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NORTH CANAAN 1 Family

3

4

Condo

0

0

4

5

All Sales

33.33%

6

8

0

0

25.00%

11

15

36.36%

$71,250

133.33%

19

20

5.26%

$159,000

0

4

N/A

33.33% N/A

$90,000

$171,900

N/A

N/A

91.00% N/A

$111,406 N/A

$159,400 N/A

43.08% N/A

$185,000 159.65%

$120,000

$160,000

33.33%

$179,000

$161,000

$165,700

2.92%

PLYMOUTH 1 Family

3

7

Condo

0

1

6

13

116.67%

29

35

20.69%

1 Family

1

4

300.00%

6

11

83.33%

Condo

0

0

0

0

2

6

200.00%

13

17

30.77%

50.00%

13

9

-30.77%

0

0

All Sales

N/A

N/A

N/A $150,500

N/A $90,000

12.58% N/A

$118,950

N/A

$151,000

$153,000

1.32%

N/A $315,500

$500,000

58.48%

-40.20%

N/A

ROXBURY

All Sales

N/A

N/A

N/A N/A N/A

$341,000 N/A $286,400

N/A

N/A

N/A $275,000

N/A $450,000

N/A 63.64%

SALISBURY 1 Family

4

6

Condo

0

0

7

8

14.29%

20

11

-45.00%

$200,000

$316,250

58.13%

$311,000

$287,500

1 Family

5

4

-20.00%

14

12

-14.29%

$660,000

$333,750

-49.43%

$630,000

$318,750 -49.40%

Condo

0

0

0

0

9

4

-55.56%

23

14

-39.13%

All Sales

N/A

N/A

$392,500

$316,250

N/A

N/A

-19.43% N/A

$337,000 N/A

$287,500 -14.69% N/A

N/A -7.56%

SHARON

All Sales

N/A

N/A

N/A $225,000

N/A $333,750

N/A 48.33%

N/A

N/A

N/A

$350,400

$318,750

-9.03%

N/A $230,000

$236,250

2.72%

THOMASTON 1 Family

2

4

100.00%

13

12

-7.69%

N/A

Condo

1

1

0.00%

3

3

0.00%

N/A

5

6

20.00%

18

18

0.00%

$197,700

$213,750

All Sales

$238,600 N/A

N/A $105,000

$66,050 -37.10%

8.12%

$206,350

$181,000 -12.28%

TORRINGTON 1 Family

1 5

27

80.00%

70

96

37.14%

$109,000

$128,000

17.43%

$114,525

$129,000

12.64%

Condo

7

8

14.29%

17

22

29.41%

$80,000

$68,500

-14.38%

$80,000

$73,450

-8.19%

2 4

44

83.33%

100

152

52.00%

$99,000

$121,000

22.22%

$109,450

$119,500

9.18%

1 Family

3

2

-33.33%

5

7

40.00%

$245,000

N/A -100.00%

$265,000

$560,000 111.32%

Condo

0

0

0

0

3

3

0.00%

8

10

All Sales

WARREN

All Sales

N/A

N/A

N/A

25.00%

$245,000 $1,045,000

N/A

N/A

$560,000 128.57%

N/A $245,000

N/A $260,035

N/A 6.14%

WASHINGTON 1 Family

3

1

-66.67%

13

12

-7.69%

Condo

1

0 -100.00%

2

0

-100.00% -43.48%

$733,500 $164,000

All Sales

7

1

-85.71%

23

13

N/A -100.00% $1,045,000

N/A

N/A

N/A

N/A -100.00%

N/A

$460,000 -55.98% N/A

N/A

$712,500

$420,000 -41.05%

$180,000

$185,000

2.78%

N/A $145,000

$163,500

12.76% 7.73%

WATERTOWN 1 Family

1 7

14

-17.65%

55

58

5.45%

Condo

2

1

-50.00%

9

7

-22.22%

2 0

22

10.00%

76

81

6.58%

$172,000

$182,728

6.24%

$167,500

$180,455

$150,000

$144,500

-3.67%

$126,250

$131,000

3.76%

$49,900

$69,000

38.28%

All Sales

$185,000

N/A

N/A

12.80%

WINCHESTER 1 Family

7

10

42.86%

20

35

75.00%

Condo

1

3

200.00%

3

5

66.67%

9

17

88.89%

28

55

96.43%

$135,000

$83,000

-38.52%

$122,250

$110,000 -10.02%

All Sales

N/A

$55,000

N/A

WOODBURY 1 Family

4

5

25.00%

16

22

37.50%

$251,500

$300,000

19.28%

$250,000

$300,000

Condo

3

3

0.00%

15

8

-46.67%

$100,000

$130,000

30.00%

$120,000

$125,000

4.17%

9

13

44.44%

37

43

16.22%

$242,500

$290,000

19.59%

$195,000

$254,000

30.26%

All Sales

20.00%

LITCHFIELD COUNTY 1 Family

1 15

134

16.52%

414

482

16.43%

$200,000

$207,875

3.94%

$205,000

$200,750

-2.07%

Condo

2 0

22

10.00%

76

74

-2.63%

$96,500

$85,000

-11.92%

$94,750

$108,000

13.98%

1 72

217

26.16%

639

748

17.06%

$176,750

$180,000

1.84%

$177,500

$175,000

-1.41%

All Sales

JUNE 2016 | THE COMMERCIAL RECORD | 29

TRENDLINES

MIDDLESEX COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

CHESTER 1 Family Condo All Sales

3 1 4

2 -33.33% 0 -100.00% 2 -50.00%

12 1 14

15 0 16

25.00% -100.00% 14.29%

$236,900 N/A -100.00% $310,625 N/A N/A N/A N/A $236,900 -100.00% $304,000

$225,000 -27.57% N/A N/A $222,000 -26.97% $253,000 $129,500 $235,000

CLINTON 1 Family Condo All Sales

9 0 1 0

18 1 21

100.00% N/A 110.00%

44 6 56

49 6 67

11.36% 0.00% 19.64%

$255,000 N/A $278,750

$274,950 N/A $259,900

7 17 28

-12.50% 112.50% 33.33%

18 30 64

33 37 82

83.33% 23.33% 28.13%

$247,500 $133,500 $245,000

$272,000 $128,000 $162,500

7.82% $240,000 N/A $130,250 -6.76% $232,500

5.42% -0.58% 1.08%

CROMWELL 1 Family Condo All Sales

8 8 2 1

9.90% -4.12% -33.67%

$240,000 $139,750 $174,500

$239,500 -0.21% $125,000 -10.55% $160,050 -8.28%

DEEP RIVER 1 Family Condo All Sales

2 0 2

2 1 3

0.00% N/A 50.00%

10 2 14

22 3 28

120.00% 50.00% 100.00%

N/A N/A N/A

N/A N/A $166,000

N/A $245,000 N/A N/A N/A $245,000

$242,250 $134,600 $233,750

-1.12% N/A -4.59%

2 0 3

5 2 7

150.00% N/A 133.33%

7 1 12

19 3 22

171.43% 200.00% 83.33%

N/A N/A $512,000

$235,000 N/A $425,000 N/A N/A N/A $200,000 -60.94% $277,450

$235,000 -44.71% $99,900 N/A $217,500 -21.61%

9 0 13

12.50% N/A 18.18%

23 2 32

20 1 28

-13.04% -50.00% -12.50%

$235,000 N/A $245,000

$222,000 -5.53% $235,000 N/A N/A N/A $215,000 -12.24% $228,503

$225,000 -4.26% N/A N/A $218,500 -4.38%

-2.45% $255,000 N/A $127,500 -2.39% $245,200

$240,000 -5.88% N/A - 100.00% $240,000 -2.12%

DURHAM 1 Family Condo All Sales

EAST HADDAM 1 Family Condo All Sales

8 0 1 1

EAST HAMPTON 1 Family Condo All Sales

7 2 9

13 85.71% 0 -100.00% 16 77.78%

33 6 42

47 1 59

42.42% -83.33% 40.48%

$245,000 N/A $230,000

$239,000 N/A $224,500

2 1 8

7 3 11

14 1 22

25 6 37

78.57% 500.00% 68.18%

N/A N/A $424,000

$350,000 $175,000 $280,000

N/A $457,000 N/A N/A -33.96% $418,250

$293,000 -35.89% $177,250 N/A $280,000 -33.05%

8 0 1 4

10 0 13

25.00% N/A -7.14%

20 0 31

38 0 43

90.00% N/A 38.71%

$258,500 N/A $219,500

$216,020 -16.43% $253,000 N/A N/A N/A $210,000 -4.33% $220,000

$238,750 -5.63% N/A N/A $222,040 0.93%

9 0 10

80.00% N/A 100.00%

13 0 16

24 0 26

84.62% N/A 62.50%

$339,000 N/A $339,000

$305,000 -10.03% $334,500 N/A N/A N/A $269,000 -20.65% $352,000

$296,000 -11.51% N/A N/A $296,000 -15.91%

12 1 16

8 2 14

-33.33% 100.00% -12.50%

N/A N/A $93,000

N/A N/A $224,000 N/A N/A N/A N/A -100.00% $208,950

$250,250 11.72% N/A N/A $233,750 11.87%

68 25 107

67 42 132

-1.47% 68.00% 23.36%

ESSEX 1 Family Condo All Sales

250.00% 200.00% 37.50%

HADDAM 1 Family Condo All Sales

KILLINGWORTH 1 Family Condo All Sales

5 0 5

MIDDLEFIELD 1 Family Condo All Sales

1 1 3

1 0.00% 0 -100.00% 2 -33.33%

MIDDLETOWN 1 Family Condo All Sales

2 5 9 3 6

15 8 28

-40.00% -11.11% -22.22%

11 3 17

-26.67% N/A 6.25%

42 2 52

24 8 49

5 3 14

25.00% N/A 133.33%

22 3 30

23 6 42

$175,000 $115,000 $161,250

$215,000 $105,750 $165,000

22.86% -8.04% 2.33%

-42.86% 300.00% -5.77%

$325,500 N/A $320,250

$298,000 $350,000 $330,000

4.55% 100.00% 40.00%

$208,500 N/A $126,500

$248,500 $162,500 $161,200

$189,000 $109,000 $166,000

$195,000 $105,000 $153,700

3.17% -3.67% -7.41%

-8.45% $327,750 N/A N/A 3.04% $317,500

$314,000 $347,354 $290,000

-4.20% N/A -8.66%

19.18% $164,700 N/A $97,500 27.43% $157,500

$215,000 $183,750 $211,500

30.54% 88.46% 34.29%

OLD SAYBROOK 1 Family Condo All Sales

1 5 0 1 6

PORTLAND 1 Family Condo All Sales

4 0 6

30 | THE COMMERCIAL RECORD | JUNE 2016

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

WESTBROOK 1 Family Condo All Sales

1 0 3

1 0 2

0.00% N/A -33.33%

1 0 5

16 1500.00% 1 N/A 27 440.00%

N/A N/A $285,000

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

N/A N/A $2,000

$312,500 N/A N/A N/A $285,000 14150.00%

MIDDLESEX COUNTY 1 Family Condo All Sales

1 00 2 2 1 51

115 38 187

15.00% 72.73% 23.84%

339 80 513

430 116 672

26.84% 45.00% 30.99%

$245,000 $116,000 $235,000

$248,500 $137,500 $219,000

1.43% 18.53% -6.81%

$245,000 $123,250 $225,000

$245,000 $126,250 $219,450

0.00% 2.43% -2.47%

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JUNE 2016 | THE COMMERCIAL RECORD | 31

TRENDLINES

NEW HAVEN COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANSONIA 1 Family Condo All Sales

1 2 0 1 6

9 0 16

-25.00% N/A 0.00%

32 0 49

45 1 68

40.63% N/A 38.78%

$184,500 N/A $184,500

$182,000 N/A $175,500

-1.36% $178,250 N/A N/A -4.88% $165,000

$160,000 -10.24% N/A N/A $142,575 -13.59%

3 2 7

4 2 8

33.33% 0.00% 14.29%

11 4 20

16 5 25

45.45% 25.00% 25.00%

$167,500 N/A $167,500

$195,500 16.72% $210,000 N/A N/A $297,138 $149,000 -11.04% $205,000

$202,500 $308,699 $215,000

3 0 3

6 0 6

100.00% N/A 100.00%

9 0 9

15 0 15

66.67% N/A 66.67%

$350,000 N/A $350,000

$300,000 -14.29% $322,000 N/A N/A N/A $300,000 -14.29% $322,000

$288,880 -10.29% N/A N/A $288,880 -10.29%

BEACON FALLS 1 Family Condo All Sales

-3.57% 3.89% 4.88%

BETHANY 1 Family Condo All Sales

BRANFORD 1 Family Condo All Sales

1 8 9 3 3

20 18 41

11.11% 100.00% 24.24%

58 41 124

68 56 142

17.24% 36.59% 14.52%

$351,200 $144,000 $312,500

$327,500 $163,500 $200,000

-6.75% 13.54% -36.00%

$319,000 $147,500 $267,500

$306,443 -3.94% $144,000 -2.37% $212,250 -20.65%

1 9 4 2 7

17 3 21

-10.53% -25.00% -22.22%

72 18 101

64 15 91

-11.11% -16.67% -9.90%

$290,000 $160,000 $250,000

$285,000 $189,250 $285,000

-1.72% 18.28% 14.00%

$315,750 $157,500 $260,000

$285,000 $180,000 $275,000

-9.74% 14.29% 5.77%

8 4 1 7

9 4 15

12.50% 0.00% -11.76%

21 12 40

25 12 58

19.05% 0.00% 45.00%

$115,750 $125,000 $120,000

$160,000 $98,000 $118,000

38.23% -21.60% -1.67%

$145,000 $109,450 $126,250

$171,000 $115,000 $150,000

17.93% 5.07% 18.81%

20 8 35

-20.00% 33.33% 0.00%

68 16 95

81 26 125

19.12% 62.50% 31.58%

$180,000 $189,500 $187,500

$178,950 $134,300 $187,900

-0.58% -29.13% 0.21%

$180,000 $158,500 $183,000

$170,000 -5.56% $119,300 -24.73% $165,000 -9.84%

1 5 1 2 0

18 4 25

20.00% 300.00% 25.00%

53 9 76

72 8 93

35.85% -11.11% 22.37%

$350,000 N/A $391,000

$369,500 $129,250 $350,000

5.57% $375,000 N/A $320,000 -10.49% $371,925

$317,500 -15.33% $107,454 -66.42% $302,500 -18.67%

3 7 1 1 5 2

21 9 36

-43.24% -18.18% -30.77%

114 32 166

112 30 166

-1.75% -6.25% 0.00%

$180,000 $122,000 $164,000

$196,000 $122,500 $164,000

1 9 1 2 3

21 1 22

10.53% 0.00% -4.35%

56 1 62

74 9 90

32.14% 800.00% 45.16%

$360,000 N/A $360,000

$400,000 11.11% $376,250 N/A N/A N/A $387,500 7.64% $391,200

$392,500 4.32% $230,000 N/A $351,250 -10.21%

2 9 5 4 5

44 12 80

51.72% 140.00% 77.78%

92 23 159

150 51 257

63.04% 121.74% 61.64%

$142,000 $103,000 $142,000

$130,000 $78,500 $109,800

$131,000 -8.71% $70,000 -26.70% $115,000 -4.96%

9 1 1 4

10 11.11% 0 -100.00% 15 7.14%

16 4 31

20 3 35

25.00% -25.00% 12.90%

$280,000 N/A $290,000

$313,000 11.79% $291,500 N/A N/A $289,500 $300,000 3.45% $300,000

$305,500 $450,000 $300,000

4.80% 55.44% 0.00%

4 5 1 7 6 5

38 12 61

-15.56% -29.41% -6.15%

102 49 177

150 48 233

47.06% -2.04% 31.64%

$245,000 $179,000 $230,000

$246,250 $167,000 $225,000

0.51% -6.70% -2.17%

$252,450 $180,000 $235,000

$276,500 $164,250 $249,500

9.53% -8.75% 6.17%

27 3 36

28.57% -40.00% 0.00%

72 17 108

76 13 114

5.56% -23.53% 5.56%

$145,000 $80,000 $116,500

$149,000 $70,000 $141,809

2.76% -12.50% 21.72%

$152,500 $74,500 $131,500

$149,950 $69,000 $141,000

-1.67% -7.38% 7.22%

CHESHIRE 1 Family Condo All Sales

DERBY 1 Family Condo All Sales

EAST HAVEN 1 Family Condo All Sales

2 5 6 3 5

GUILFORD 1 Family Condo All Sales

HAMDEN 1 Family Condo All Sales

8.89% 0.41% 0.00%

$182,500 $121,000 $168,500

$176,500 -3.29% $100,000 -17.36% $163,000 -3.26%

MADISON 1 Family Condo All Sales

MERIDEN 1 Family Condo All Sales

-8.45% -23.79% -22.68%

$143,500 $95,500 $121,000

MIDDLEBURY 1 Family Condo All Sales

MILFORD 1 Family Condo All Sales

NAUGATUCK 1 Family Condo All Sales

2 1 5 3 6

32 | THE COMMERCIAL RECORD | JUNE 2016

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

NEW HAVEN 1 Family Condo All Sales

2 0 1 0 7 2

19 7 66

-5.00% -30.00% -8.33%

81 37 231

98 34 288

20.99% -8.11% 24.68%

$151,000 $116,256 $147,278

$140,550 $69,300 $157,500

225.00% 200.00% 166.67%

17 3 22

35 11 48

-6.92% -40.39% 6.94%

$145,000 $104,000 $140,000

$145,000 $95,500 $150,000

0.00% -8.17% 7.14%

105.88% 266.67% 118.18%

$256,000 N/A $222,500

$250,000 $175,000 $237,500

-2.34% $265,000 N/A $164,899 6.74% $243,500

$259,000 $160,000 $240,000

-2.26% -2.97% -1.44%

46.81% 100.00% 53.23%

$247,500 N/A $272,000

$275,000 11.11% $244,000 N/A N/A $249,150 $275,000 1.10% $252,500

NORTH BRANFORD 1 Family Condo All Sales

4 1 6

13 3 16

NORTH HAVEN 1 Family Condo All Sales

1 6 0 1 9

19 0 21

18.75% N/A 10.53%

47 4 62

69 8 95

8 0 1 0

14 0 18

75.00% N/A 80.00%

30 2 38

38 0 49

5 2 1 3

11 3 16

16 5 35

29 6 51

81.25% 20.00% 45.71%

$277,000 N/A $387,210

$256,000 4.92% $206,000 -17.32% $249,500 -1.19%

ORANGE 1 Family Condo All Sales

26.67% $370,000 $325,000 -100.00% 28.95% $416,500 $335,000

-12.16% $324,000 N/A N/A -19.57% $361,000

$317,500 -2.01% N/A N/A $340,000 -5.82%

$344,900 $370,000 $363,500

24.51% $289,000 N/A $375,000 -6.12% $374,000

$285,000 -1.38% $370,000 -1.33% $335,000 -10.43%

OXFORD 1 Family Condo All Sales

120.00% 50.00% 23.08%

PROSPECT 1 Family Condo All Sales

8 0 9

8 4 15

0.00% N/A 66.67%

26 1 36

26 0.00% 11 1000.00% 41 13.89%

$242,000 N/A $275,000

$175,139 $343,303 $184,718

-27.63% $243,750 N/A N/A -32.83% $272,500

$245,700 $399,335 $304,000

0.80% N/A 11.56%

14 3 21

16.67% 50.00% 40.00%

34 8 51

43 14 73

26.47% 75.00% 43.14%

$218,250 N/A $199,000

$190,120 $70,000 $182,500

-12.89% $215,350 N/A $128,000 -8.29% $206,301

$192,000 -10.84% $90,500 -29.30% $169,900 -17.64%

9 28 41

-30.77% 100.00% 41.38%

31 42 84

43 70 127

38.71% 66.67% 51.19%

$350,000 $104,500 $187,000

$230,000 $118,500 $126,000

-34.29% 13.40% -32.62%

$285,000 $117,000 $175,000

$325,000 $120,000 $170,000

14.04% 2.56% -2.86%

27 10 39

28.57% -9.09% 2.63%

80 32 137

93 26 141

16.25% -18.75% 2.92%

$255,000 $187,000 $238,250

$207,900 $231,750 $225,000

-18.47% 23.93% -5.56%

$237,500 $162,500 $220,000

$225,000 $158,500 $225,000

-5.26% -2.46% 2.27%

56 22 101

33.33% 83.33% 31.17%

155 64 319

201 58 361

29.68% -9.38% 13.17%

$103,000 $76,975 $85,000

$94,500 $61,250 $86,000

-8.25% -20.43% 1.18%

$99,000 $52,000 $78,000

$89,900 $52,650 $81,000

-9.19% 1.25% 3.85%

34 9 55

54.55% 50.00% 52.78%

84 23 141

114 24 181

35.71% 4.35% 28.37%

$172,450 $119,750 $169,795

$150,000 $131,500 $150,000

-13.02% 9.81% -11.66%

$148,855 $71,500 $146,500

$152,000 $93,950 $162,000

2.11% 31.40% 10.58%

12 1 13

-14.29% N/A -13.33%

40 1 45

38 2 49

-5.00% 100.00% 8.89%

$181,950 N/A $189,000

$221,500 21.74% $180,000 N/A N/A N/A $219,000 15.87% $180,000

$193,950 7.75% N/A N/A $184,000 2.22%

7 0 8

40.00% N/A 33.33%

17 0 22

25 0 29

47.06% N/A 31.82%

$305,000 N/A $290,500

$275,000 -9.84% $305,000 N/A N/A N/A $348,600 20.00% $296,000

$352,000 15.41% N/A N/A $352,000 18.92%

11.92% 1,434 33.87% 448 14.77% 2,440

1,820 541 3,045

26.92% 20.76% 24.80%

$209,900 $128,750 $186,000

$197,500 $121,050 $170,000

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

SEYMOUR 1 Family Condo All Sales

1 2 2 1 5

SOUTHBURY 1 Family Condo All Sales

1 3 1 4 2 9

WALLINGFORD 1 Family Condo All Sales

2 1 1 1 3 8

WATERBURY 1 Family Condo All Sales

4 2 1 2 7 7

WEST HAVEN 1 Family Condo All Sales

2 2 6 3 6

WOLCOTT 1 Family Condo All Sales

1 4 0 1 5

WOODBRIDGE 1 Family Condo All Sales

5 0 6

NEW HAVEN COUNTY 1 Family Condo All Sales

4 53 1 24 7 38

507 166 847

-5.91% -5.98% -8.60%

$199,450 $123,500 $174,000

-1.38% -2.83% 0.57%

JUNE 2016 | THE COMMERCIAL RECORD | 33

TRENDLINES

NEW LONDON COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

8 0 10

6 0 6

-25.00% N/A -40.00%

15 15.38% 0 -100.00% 20 33.33%

34 5 45

60 6 76

13 9 29

46 15 79

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

BOZRAH 1 Family Condo All Sales

1 0 1

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

N/A N/A N/A

N/A N/A N/A

N/A $198,500 N/A N/A N/A $222,450

76.47% 20.00% 68.89%

$180,500 N/A $177,000

$197,000 N/A $194,500

56 16 92

21.74% 6.67% 16.46%

$282,000 $225,000 $271,000

$218,000 $189,900 $232,500

5 0 9

4 0 6

-20.00% N/A -33.33%

13 3 24

17 6 37

30.77% 100.00% 54.17%

$170,000 N/A $70,000

-12.50% -55.56% -23.08%

56 26 94

82 10 115

46.43% -61.54% 22.34%

$207,750 $89,500 $176,000

$214,000 3.01% $258,750 189.11% $219,450 24.69%

$155,000 N/A $128,500

$146,500 N/A $170,000

-5.48% $157,000 N/A N/A 32.30% $155,500 2.53% $185,500 N/A N/A 1.27% $182,200

$181,500 -8.56% N/A N/A $181,500 -18.41%

COLCHESTER 1 Family Condo All Sales

1 3 1 1 5

9.14% $203,888 N/A $107,500 9.89% $189,700

$230,000 $191,500 $220,750

12.81% 78.14% 16.37%

EAST LYME 1 Family Condo All Sales

1 9 5 2 6

-31.58% 80.00% 11.54%

-22.70% -15.60% -14.21%

$289,000 $225,000 $237,500

$276,000 -4.50% $169,838 -24.52% $254,000 6.95%

FRANKLIN 1 Family Condo All Sales

1 0 1

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

N/A N/A N/A

N/A N/A N/A

N/A $214,000 N/A N/A N/A $190,000

$197,450 -7.73% N/A N/A $222,500 17.11%

GRISWOLD 1 Family Condo All Sales

3 1 5

2 -33.33% 0 -100.00% 6 20.00%

N/A -100.00% $170,000 N/A N/A $67,000 $32,800 -53.14% $101,200

$103,000 -39.41% $99,950 49.18% $99,900 -1.28%

GROTON 1 Family Condo All Sales

2 4 9 3 9

21 4 30

$235,000 $94,250 $176,000

$235,250 $142,500 $209,000

0.11% 51.19% 18.75%

5 0 1 0

6 0 7

20.00% N/A -30.00%

16 0 22

23 0 29

1 2 0 1 2

20 0 21

66.67% N/A 75.00%

43 2 49

60 4 68

39.53% 100.00% 38.78%

$197,500 N/A $197,500

$202,500 N/A $200,000

4 0 6

5 0 9

25.00% N/A 50.00%

11 0 18

11 0 16

0.00% N/A -11.11%

$203,250 N/A $179,750

$142,000 -30.14% $169,900 N/A N/A N/A $142,000 -21.00% $164,700

$169,900 0.00% N/A N/A $159,950 -2.88%

1 0 1

3 0 3

200.00% N/A 200.00%

4 0 5

5 0 8

25.00% N/A 60.00%

N/A N/A N/A

$325,000 N/A $325,000

$295,000 -48.13% N/A N/A $310,000 -45.61%

LEBANON 1 Family Condo All Sales

43.75% N/A 31.82%

$155,000 -1.27% N/A N/A $155,000 -0.32%

LEDYARD 1 Family Condo All Sales

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

9.97% N/A 9.77%

LISBON 1 Family Condo All Sales

LYME 1 Family Condo All Sales

N/A $568,750 N/A N/A N/A $570,000

MONTVILLE 1 Family Condo All Sales

8 1 9

21 1 23

162.50% 0.00% 155.56%

32 2 44

54 1 66

68.75% -50.00% 50.00%

$205,950 N/A $189,900

$165,000 -19.88% $160,500 N/A N/A N/A $162,000 -14.69% $156,000

$168,000 N/A $164,950

4.67% N/A 5.74%

8 5 30

-46.67% 0.00% 7.14%

41 10 85

38 12 95

-7.32% 20.00% 11.76%

$128,500 $142,500 $128,750

$173,000 $138,000 $98,250

$125,000 -13.79% $135,000 25.06% $123,000 -4.28%

$155,000 N/A $164,500

$250,000 N/A $230,000

$68,750 $116,407 $70,750

$128,650 $60,310 $115,900

NEW LONDON 1 Family Condo All Sales

1 5 5 2 8

34.63% -3.16% -23.69%

$145,000 $107,950 $128,500

NORTH STONINGTON 1 Family Condo All Sales

5 0 6

4 0 5

-20.00% N/A -16.67%

18 0 24

18 0 24

1 8 3 2 6

22 3 33

22.22% 0.00% 26.92%

49 9 74

79 12 123

0.00% N/A 0.00%

61.29% $237,750 N/A N/A 39.82% $242,450

$215,000 -9.57% N/A N/A $215,000 -11.32%

NORWICH 1 Family Condo All Sales

34 | THE COMMERCIAL RECORD | JUNE 2016

61.22% 33.33% 66.22%

87.13% -48.19% 63.82%

$81,000 $116,407 $86,700

$129,000 59.26% $87,500 -24.83% $110,000 26.87%

Real estate & credit transactions updated every Thursday

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NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 YTD

MEDIAN PRICE %CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

OLD LYME 1 Family

8

10

Condo

0

1

1 2

12

1 Family

5

3

Condo

0

0

8

4

1 Family

4

3

Condo

0

2

4

6

1 Family

2

1

Condo

0

0

3

1

All Sales

25.00%

23

19

-17.39%

$491,000

2

1

-50.00%

N/A

0.00%

34

24

-29.41%

$491,000

$332,500

-32.28%

$417,500

$315,000 -24.55%

-40.00%

14

13

-7.14%

$239,900

$125,000

-47.89%

$197,450

$199,000

0

0

-50.00%

20

18

-25.00%

10 1

50.00%

-50.00%

N/A

$332,500 N/A

-32.28% N/A

$455,000 N/A

$300,000 -34.07% N/A

N/A

PRESTON

All Sales

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.79% N/A

-10.00%

$219,950

$98,000

-55.44%

$211,000

$151,500 -28.20%

8

-20.00%

$199,500

$268,000

34.34%

$285,000

$269,000

2

100.00%

N/A

17

12

-29.41%

$199,500

5

9

80.00%

N/A

N/A

N/A $125,000

0

0

N/A

N/A

N/A

-66.67%

6

11

16.67%

47 9

SALEM

All Sales

N/A

N/A $134,500

N/A -32.58%

N/A $260,000

N/A

-5.61% N/A

$157,250 -39.52%

SPRAGUE

All Sales

N/A

N/A 83.33%

$125,000

50

6.38%

$331,000

6

-33.33%

N/A

N/A -100.00% $163,500

$163,100 N/A

30.48% N/A

$163,100 -0.24%

STONINGTON 1 Family

1 2

14

Condo

0

4

1 6

29

81.25%

68

92

35.29%

50.00%

6

11

83.33%

0

0

All Sales

N/A

N/A $331,000

$297,450 $330,000 $260,000

-10.14%

$268,000

N/A $455,000 -21.45%

$284,950

$299,200

11.64%

$330,000 -27.47% $265,750

-6.74%

VOLUNTOWN 1 Family

2

3

Condo

0

0

2

3

50.00%

6

13

116.67%

All Sales

N/A

N/A

N/A N/A N/A

$165,000 N/A $165,000

N/A $184,250 N/A

N/A

N/A $184,250

$165,000 -10.45% N/A

N/A

$149,900 -18.64%

WATERFORD 1 Family

1 6

21

31.25%

60

78

30.00%

$177,500

$182,500

2.82%

$190,000

$207,500

9.21%

Condo

4

4

0.00%

14

14

0.00%

$89,600

$106,000

18.30%

$99,600

$128,500

29.02%

2 3

30

30.43%

86

104

20.93%

$160,000

$166,500

4.06%

$165,000

$178,000

7.88%

-3.09%

All Sales

NEW LONDON COUNTY 1 Family

1 78

195

9.55%

541

701

29.57%

$193,450

$195,500

1.06%

$203,289

$197,000

Condo

2 9

33

13.79%

98

90

-8.16%

$110,000

$138,000

25.45%

$119,000

$125,000

5.04%

2 53

301

18.97%

819

1,035

26.37%

$177,000

$172,000

-2.82%

$182,000

$175,000

-3.85%

All Sales

LOOKING FOR MORE? Our online real estate records offer a much deeper look into your markets and neighborhoods. Every Thursday, CommercialRecord.com is updated with the most recent sales, foreclosure, mortgage and credit information available from The Warren Group. Our weekly digital records are offered in a convenient, searchable PDF format, and are archived to 2001. Each PDF is organized by county, town and street to make it easy to find exactly the data you need to make informed business decisions. As a bonus, all subscribers to The Commercial Record get access to similar weekly data from Rhode Island. Simply visit www.commercialrecord.com, log in, click on the big, red “Records & Research” button in the upper left corner, and get busy putting The Commercial Record to work for you.

JUNE 2016 | THE COMMERCIAL RECORD | 35

TRENDLINES

TOLLAND COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ANDOVER 1 Family Condo All Sales

3 0 3

1 0 4

-66.67% N/A 33.33%

10 0 14

8 0 12

-20.00% N/A -14.29%

$200,000 N/A $200,000

N/A -100.00% $194,450 N/A N/A N/A $106,000 -47.00% $192,000

$204,000 4.91% N/A N/A $198,000 3.13%

7 0 7

8 0 9

14.29% N/A 28.57%

17 0 19

12 0 13

-29.41% N/A -31.58%

$236,000 N/A $236,000

$230,200 -2.46% $236,000 N/A N/A N/A $195,000 -17.37% $210,000

$255,200 8.14% N/A N/A $245,000 16.67%

3 0 3

-25.00% N/A -25.00%

14 0 18

15 0 16

7.14% N/A -11.11%

$222,500 N/A $222,500

$155,000 -30.34% $258,500 N/A N/A N/A $155,000 -30.34% $258,500

$175,000 -32.30% N/A N/A $173,750 -32.79%

7 1 15

-22.22% N/A 0.00%

39 2 55

34 4 57

-12.82% 100.00% 3.64%

$168,600 N/A $125,000

$121,700 -27.82% $204,150 N/A N/A N/A $200,000 60.00% $194,000

$176,200 -13.69% $183,075 N/A $179,900 -7.27%

6 2 1 1

10 2 15

66.67% 0.00% 36.36%

19 2 31

25 7 47

31.58% 250.00% 51.61%

$234,950 N/A $250,000

$232,000 -1.26% $207,000 N/A N/A N/A $200,500 -19.80% $223,500

$200,500 -3.14% $115,000 N/A $200,000 -10.51%

4 0 5

5 0 8

25.00% N/A 60.00%

15 0 21

28 0 32

$205,000 N/A $252,000

$294,400 43.61% $322,000 N/A N/A N/A $161,000 -36.11% $322,000

$235,500 -26.86% N/A N/A $227,000 -29.50%

83.33% 600.00% 140.00%

23 6 35

30 12 51

$220,000 N/A $244,950

$199,000 $277,325 $232,450

$197,000 -12.44% $242,450 77.88% $212,900 -4.74%

-66.67% N/A -63.64%

18 0 29

23 4 31

$272,500 N/A $225,000

N/A -100.00% $260,000 N/A N/A N/A $285,000 26.67% $250,000

$255,000 $364,950 $261,600

-1.92% N/A 4.64%

-12.50% -50.00% -14.29%

29 5 46

27 4 50

-6.90% -20.00% 8.70%

$201,125 N/A $178,000

$237,000 17.84% $192,250 N/A N/A $99,000 $175,950 -1.15% $162,450

$188,000 $128,000 $166,250

-2.21% 29.29% 2.34%

26.92% 100.00% 29.41%

$337,000 N/A $337,000

$201,250 -40.28% $274,000 N/A N/A N/A $202,500 -39.91% $221,000

$220,000 -19.71% $79,500 N/A $213,000 -3.62%

BOLTON 1 Family Condo All Sales

COLUMBIA 1 Family Condo All Sales

4 0 4

COVENTRY 1 Family Condo All Sales

9 0 1 5

ELLINGTON 1 Family Condo All Sales

HEBRON 1 Family Condo All Sales

86.67% N/A 52.38%

MANSFIELD 1 Family Condo All Sales

6 1 1 0

11 7 24

6 0 1 1

2 0 4

30.43% 100.00% 45.71%

-9.55% $225,000 N/A $136,300 -5.10% $223,500

SOMERS 1 Family Condo All Sales

27.78% N/A 6.90%

STAFFORD 1 Family Condo All Sales

8 2 1 4

7 1 12

7 0 7

10 0 11

42.86% N/A 57.14%

26 2 34

33 4 44

0 0 0

0 0 0

N/A N/A N/A

3 0 5

1 0 1

-66.67% N/A -80.00%

1 9 4 2 7

13 6 25

-31.58% 50.00% -7.41%

50 20 84

52 22 92

4.00% 10.00% 9.52%

-60.00% N/A -57.14%

13 0 16

8 0 12

-38.46% N/A -25.00%

-5.95% 88.89% 9.92%

276 37 407

296 57 458

7.25% 54.05% 12.53%

TOLLAND 1 Family Condo All Sales

UNION 1 Family Condo All Sales

N/A N/A N/A

N/A N/A N/A

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

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

VERNON 1 Family Condo All Sales

$172,500 $176,250 $172,500

$165,000 $95,000 $156,000

-4.35% -46.10% -9.57%

$168,450 $112,500 $152,250

$161,500 $103,950 $143,650

-4.13% -7.60% -5.65%

$187,500 N/A $190,000

N/A -100.00% $226,000 N/A N/A N/A $165,000 -13.16% $225,500

$196,500 -13.05% N/A N/A $229,000 1.55%

$210,000 $129,000 $205,000

$200,000 $132,000 $195,000

$195,000 $125,000 $187,850

WILLINGTON 1 Family Condo All Sales

5 0 7

2 0 3

TOLLAND COUNTY 1 Family Condo All Sales

8 4 9 1 21

79 17 133

36 | THE COMMERCIAL RECORD | JUNE 2016

-4.76% 2.33% -4.88%

$209,950 $112,700 $200,000

-7.12% 10.91% -6.08%

TRENDLINES

WINDHAM COUNTY SALES REPORT

NUMBER OF SALES APR 2015

APR %CHG 2015 2016 15-16 YTD

MEDIAN PRICE

2016 YTD

%CHG 15-16

APR 2015

APR %CHG 2015 2016 15-16 YTD

2016 %CHG YTD 15-16

ASHFORD 1 Family Condo All Sales

1 0 3

1 0 3

0.00% N/A 0.00%

8 0 12

14 0 19

75.00% N/A 58.33%

N/A N/A $179,000

N/A N/A $163,500 N/A N/A N/A $242,500 35.47% $163,500

$185,000 13.15% N/A N/A $167,000 2.14%

14 0 14

55.56% N/A 27.27%

28 0 35

32 1 40

14.29% N/A 14.29%

$200,000 N/A $165,000

$194,500 -2.75% $172,500 N/A N/A N/A $194,500 17.88% $157,000

$178,000 3.19% N/A N/A $175,950 12.07%

2 0 4

0 -100.00% 0 N/A 3 -25.00%

14 0 18

12 0 19

-14.29% N/A 5.56%

N/A N/A $116,750

N/A N/A $168,500 N/A N/A N/A $178,500 52.89% $166,000

$202,500 20.18% N/A N/A $171,500 3.31%

3 0 4

1 0 1

-66.67% N/A -75.00%

7 0 8

4 0 6

-42.86% N/A -25.00%

$160,000 N/A $106,356

N/A -100.00% $160,000 N/A N/A N/A N/A -100.00% $160,000

$161,900 1.19% N/A N/A $161,900 1.19%

2 0 2

100.00% N/A 100.00%

3 0 5

5 0 10

66.67% N/A 100.00%

N/A N/A N/A

N/A N/A N/A

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

$214,000 114.00% N/A N/A $167,500 67.50%

1 0 1

N/A N/A -50.00%

2 0 6

4 0 7

100.00% N/A 16.67%

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

$157,500 N/A N/A N/A $100,000 85.68%

8 -50.00% 0 -100.00% 10 -56.52%

41 8 67

44 3 69

7.32% -62.50% 2.99%

$135,625 $70,000 $122,000

$111,000 -18.16% N/A -100.00% $111,000 -9.02%

1 1 0 1 7

10 1 14

-9.09% N/A -17.65%

36 1 60

39 1 53

8.33% 0.00% -11.67%

$140,000 N/A $149,000

$129,500 -7.50% $135,450 N/A N/A N/A $129,500 -13.09% $132,225

$124,000 -8.45% N/A N/A $135,000 2.10%

6 0 8

2 0 5

-66.67% N/A -37.50%

9 0 21

10 0 19

$380,000 N/A $447,500

N/A -100.00% $266,000 N/A N/A N/A $276,055 -38.31% $182,000

$262,028 -1.49% N/A N/A $169,900 -6.65%

1 1 2 1 6

5 2 14

-54.55% 0.00% -12.50%

17 5 36

26 10 53

$153,450 N/A $138,000

$163,000 6.22% $153,450 N/A N/A $149,900 $100,500 -27.17% $130,000

$140,000 -8.77% $115,000 -23.28% $125,000 -3.85%

5 0 8

4 0 4

BROOKLYN 1 Family Condo All Sales

9 0 1 1

CANTERBURY 1 Family Condo All Sales

CHAPLIN 1 Family Condo All Sales

EASTFORD 1 Family Condo All Sales

1 0 1

HAMPTON 1 Family Condo All Sales

0 0 2

N/A N/A $53,856

KILLINGLY 1 Family Condo All Sales

1 6 3 2 3

$146,700 $140,250 $135,000

$140,000 $127,000 $134,000

-4.57% -9.45% -0.74%

PLAINFIELD 1 Family Condo All Sales

POMFRET 1 Family Condo All Sales

11.11% N/A -9.52%

PUTNAM 1 Family Condo All Sales

52.94% 100.00% 47.22%

SCOTLAND 1 Family Condo All Sales

2 0 3

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

-20.00% N/A -50.00%

N/A N/A $97,000

N/A N/A $132,900 N/A N/A N/A N/A -100.00% $121,950

$146,000 9.86% N/A N/A $146,000 19.72%

STERLING 1 Family Condo All Sales

4 0 6

4 0 6

0.00% N/A 0.00%

15 1 24

15 0 22

0.00% -100.00% -8.33%

$213,500 N/A $189,450

$136,250 -36.18% $179,900 N/A N/A N/A $182,500 -3.67% $142,450

$180,000 0.06% N/A N/A $131,750 -7.51%

4 0 7

8 0 10

100.00% N/A 42.86%

18 1 32

38 2 49

111.11% 100.00% 53.13%

$145,500 N/A $95,000

$203,450 39.83% $181,000 N/A N/A N/A $203,450 114.16% $152,500

$175,250 -3.18% N/A N/A $168,000 10.16%

1 2 1 1 5

12 0.00% 0 -100.00% 14 -6.67%

31 2 59

34 3 47

9.68% 50.00% -20.34%

$148,059 N/A $135,000

$123,000 -16.93% $120,800 N/A N/A N/A $123,000 -8.89% $115,000

$128,000 $120,000 $111,000

24 3 36

18 2 37

-25.00% -33.33% 2.78%

$212,000 N/A $219,000

$235,000 10.85% $205,950 N/A N/A $167,000 $145,000 -33.79% $182,500

$227,840 10.63% N/A - 100.00% $185,500 1.64%

258 21 427

299 22 454

15.89% 4.76% 6.32%

$158,359 $94,500 $143,500

$159,076 $64,399 $151,000

$152,000 $131,000 $145,000

THOMPSON 1 Family Condo All Sales

WINDHAM 1 Family Condo All Sales

5.96% N/A -3.48%

WOODSTOCK 1 Family Condo All Sales

1 0 0 1 1

5 0 8

-50.00% N/A -27.27%

WINDHAM COUNTY 1 Family Condo All Sales

9 2 6 1 31

73 3 105

-20.65% -50.00% -19.85%

0.45% -31.85% 5.23%

$158,859 $137,100 $140,000

-4.32% -4.45% 3.57%

JUNE 2016 | THE COMMERCIAL RECORD | 37

FAIRFIELD COUNTY GOSSIP REPORT

1

WESTPORT

2

WESTPORT

3

NEW CANAAN

ADDRESS: 16 Minute Man Hill, Westport

ADDRESS: 12 Manitou Road, Westport

ADDRESS: 108 Bennington Place, New Canaan

PRICE: $5,830,000

PRICE: $4,438,822

PRICE: $4,135,000

SIZE: 8,589 square feet on 1.42 acres

SIZE: 2,772 square feet on 1.1 acres

SIZE: 7,083 square feet on 2.07 acres

BUYER: Chester LLC

BUYER: Dorie A. Hordon and Robert J. Hordon

BUYER: Meaghan Kupchak and Robinson Kupchak

SELLER: David A. Waldman

SELLER: Mattera Construction 12 Manitou

SELLER: 108 Bennington Place LLC

SOLD: 5/10/16

SOLD: 4/20/16

SOLD: 5/2/16

4

FAIRFIELD

ADDRESS: 136 Pine Creek Ave., Fairfield PRICE: $4,100,000 SIZE: 6,000 square feet on 0.32 acres BUYER: Keith R. Charette

3

SELLER: Claire K. Nicotra SOLD: 4/12/16

5

GREENWICH

5 1 2

ADDRESS: 44 Brookridge Drive, Greenwich

4

PRICE: $4,000,000 SIZE: 6,889 square feet on 1.54 acres BUYER: Rajkumar Makam SELLER: Denis M. Joseph AGENT: David Ogilvy & Assoc.

SOLD: 4/29/16

Built in 2007 on a drumlin a short walk from Compo Beach and Longshore Country Club, near the historic Battle of Compo Hill Revolutionary War site, the home in this month’s top spot is a 4-story stone and shingle house designed to take advantage of the year-round water views. In addition to its five bedrooms and four bathrooms, it has a saltwater pool with a waterfall spa, a gourmet kitchen and an attached three-car garage.

38 | THE COMMERCIAL RECORD | JUNE 2016

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