PROPERTY TRANSACTIONS
BOZRAH
90 Caroline Rd: Mitchell, Aaron K & Mitchell, Sarah C to VonHalem, Michael & VonHalem, Abby, $52,500.
CANTERBURY
Station Rd: Brainero, Carol to Labarre, Russell, $135,000.
COLCHESTER
24 Shugrue Rd: Stepp, Richard M & Stepp, Rosemary J to Rivera-Rodriguez, Luz E, $350,000. 53 Hayward Ave: RDM Associates LLC to Equity T Co, $385,000. 167 Thornridge Dr: Gustavsen, Lisa M to Wiscons, Justin W & Wiscons, Amy J, $295,000. 51 Hayward Ave: RDM Associates LLC to Equity T Co, $385,000. 24 W Ridge Rd: Mcauliffe, Mark T & Mcauliffe, Nancy K to Czepiel, Joshua & Czepiel, Stacey, $304,900. 7 Oak Leaf Dr: Downey, Betsey J to Dineno, Alexandra, $230,000. 166 Mill Hill Rd: Guarino, Matthew & Guarino, Stefanie to Miller, Travis, $299,900.
GRISWOLD
1691 Route 32 #E1: Smith, Michael D to Brown, Judith E, $122,500.
NEW LONDON
105 Niles Hill Rd #105: 14 Boulevard Ct: 101 Riverview Ave: 13 Archer Ct: 2 Terrace Ave:
NORTH STONINGTON
92 Jeremy Hill Rd: Ramsey Catherine J Est & Royce, Daniel to Watch Hill Builders LLC, $150,900. 94 Main St: Spees, Adam H to Pfiffner, Mariah L & Adam, Deborah J, $320,000. Cossaduck Hill Rd: Motherway, David L & Motherway, Mary C to Connecticut State Of, $200,000. 143 Tom Wheeler Rd: Gaathje LT & Gaathje, Peter J to Frechette, Jeffrey G, $224,000.
NORWICH
month and previous year.
“For the past couple of months, we have seen the number of buyers grow as more people enter the market,” said Yun. “Once the social distancing and quarantine measures are relaxed, we should see this temporary pause evaporate, and will have potential buyers return with the same enthusiasm.”
Seventeen percent of February’s sales went to individual investors or buyers purchasing a second home, unchanged from the previous month and up from 16 percent in the previous year. These buyers typically make up a large share of purchases that don’t require financing, and these all-cash transactions represented 20 percent of February’s existing home sales – down from 21 percent in January and 23 percent in February 2019.
Distressed sales continued to make up a small portion of existing home sales, with foreclosures and short sales representing just 2 percent of the month’s transactions.
The Northeast was the only region with some slowdown in its existing home sales, with its annual rate of 700,000 representing a 4.1 percent drop from January. However, this was also a year-over-year increase of 2.9 percent. The median sale price in the region increased 8.2 percent from the previous year to $295,400.
The South had a similar boost in home values, with the median sale price of $238,000 also representing a year-overyear increase of 8.2 percent. The annual sales rate of 2.52 million was up 7.2 percent from the previous month and 8.2 percent from the previous year.
In the Midwest, the sales rate inched up 0.8 percent from January and rose 4 percent from February 2019 to 1.29 million. The median home price increased 7.9 percent to $203,700.
The West experienced an enormous boost in home sales, which shot up 18.9 percent from the previous month and 11.5 percent from the previous year to an annual rate of 1.26 million. The median home price in the region rose 8.1 percent to $410,100.
PLAINFIELD
45 Main St #201: Haight, Kristine L to Labrake, James, $98,000. Main St #26: Young Jeffrey R Est & Young, Zachary to Bourque, Donna, $152,000. 22 Sterling Rd: Lombardi, Steven P to Fagan, Jennifer M, $235,000. Mortimer Rd: Dawley Collelo Dev LLC to Sage, Ellis C, $100,000.
SALEM
349 West Rd: Moxley, Richard R & Moxley, Linda H to White, Skyler J & Witter, Margot, $325,000. 670 Old Colchester Rd: Royce, Kara to Milne, Michael J, $248,000.
STONINGTON
115 Al Harvey Rd: Brewster, Pamela to Siegal, Sean I & Siegal, Erika, $395,000. 116 Al Harvey Rd: Brewster, Pamela to Siegal, Sean I & Siegal, Erika, $2,648,000. 55 Willow St: KS Real Estate Dev LLC to BC Property Holdings LLC, $1,060,000. 115 Taugwonk Rd: Sherry A Quinlan RET
N/A: Tia Seb Est & Desantis, Edmund O to Mattern, Ted & Mattirn, Mary B, $1,050,000. N/A: Desankis, Vincent P to Mattern, Ted & Mattirn, Mary B, $150,000. Rope Ferry Rd: Hix, Lesa to Adamson, Roy & Adamson, Reece L, $100,000.
Property transactions are compiled and reported by The Warren Group, a leading real estate and financial information provider since 1972. If you think something has been reported in error, please call 1-800-356-8805.