Lords Point Real Estate Market Statistics

In the private beach association of Lords Point, Stonington CT, there are currently 6 active homes for sale.  The average list price is $462,817 and the median is $352,000.  The average number of days these listings are on the market is 179.  These statistics are based only on single family residential properties over the last 12 months.  If you are considering selling your home and would like to speak with a Lords Point Real Estate Agent or read Realtor reviews, contact us today.

There are currently no properties under deposit within Lords Point.  There have been 5 closed transactions within the association.  The longest a listing was continuously on the market for was 635 days.  The average ADOM was 266 and the median was 194.  This continues to be above the regional average.  Sellers were only able to receive 93% of their list price in the closed transaction.  The average sold price for a home in LP was $364,200.  This is higher than the area’s averages and the size of the homes were smaller (1304 square feet).  There are still more active listings within the beach association than what have closed within the last year.  With the highest sold home only closing at $450,000, some of the higher priced houses will need to take that into consideration.  As the overall market is improving in the area, so will the demand for waterfront cottages.