New London Connecticut Real Estate
Welcome to the largest family business in the Northeast serving New London and the entire state of Connecticut. Since its inception in 1974, the company has experienced steady growth, mainly through sales in Greenwich, but we have grown as fast as the same owners. We offer our customers a wide range of residential and commercial properties as well as commercial and industrial properties.
Almost in the heart of New England, just a short drive from New York City, New London offers its residents a prime location where they can truly take advantage of the new Europe. The ferry to Long Island puts this area within easy reach for many, but it is a much easier task to find a great place to live in a small town with great views of the Connecticut River and Hudson River.
You can also use this map to find the homes you are looking for in New London, CT, near you. If you look at this survey of the area, you will be able to see a variety of homes, apartments and condos in this area as well as in other parts of New England.
All you need to do is look at the details of your preferred property and use the form there. We will communicate with you to coordinate the closing of your new home with the New London Connecticut Real Estate Association (NCLA) and the real estate agent.
Stay up to date with the latest news on New London Connecticut Real Estate by simply saving your search and receiving daily or weekly emails of your choice from Point2 with new listings that meet your criteria as they are for sale. Get all property descriptions, photos, demographics and statistics, including contact information for estate agents, real estate history and more. Much of this information is intended for residents of BBCH, but for each resident of NewLondon we intend to include general "New London" information. Please take your time to explore our website and call us with any questions you might have about a new London home for sale.
If you are a professional and would like to work with us, it is very easy to contact us. We usually charge a fee of $1,000 to $2,500 for working with a full service agent. Real estate commissions are split between the real estate agent who works on the sale of the property and the agent who invites the buyer to buy, which we will offer through the MLS to bring him.
We have completed more than $1.5 billion in real estate transactions in New London this year, surpassing the $5.6 billion mark. We have sold more than $2.4 billion worth of residential and commercial real estate in Connecticut.
Unchecked, vacant flats and houses in New London are straining the property market, slowing the level they could reach if vacant flats are absorbed and occupied by the market. Compared to Connecticut, the data show that New York City has a five-year appreciation rate of 2.3% and NewLondon has an annual appreciation rate of 4.4%. In New London, homes have lost more than 5% of their value over the past decade, falling 5.46% over that period. The 5-year revaluation rate has fallen by 2% to 3.5%, but over the last five years there has been an increase of 1.7% per year.
Households earning less than $2,930 a month are considered overstretched when renting a median apartment. The maximum amount a voucher would pay for a two-bedroom apartment in New London is $1,104 to $1,350, according to the Department of Housing and Community Development.
Whether you are a home buyer or a property investor, the vacancy rate of apartments is one of the useful measures to consider. A look at the number of apartments for sale in New London, Connecticut, will give you the opportunity to see if there are any direct benefits and whether your home purchase will be a solid investment for years to come. You save typical fees in Connecticut, and there's no direct benefit to you.
In New London, Connecticut, there are 1,171 affordable rental properties on offer, and there are 490 rental apartments - subsidized apartments that no longer offer direct rental assistance.
New London is well above the national average, averaging 1.5 units per 1,000 residents per square metre. The 2.3 million inhabitants of New London comprise one million inhabitants in the city centre, and there are more than 2,500 residential and business units in the city centre.
In the latest quarter, data from NeighborhoodScout shows that 1.38% equates to an annual rate of 5.65% for the New London property market. In the late quarter of 2014, the appreciation in NewLondon was 1%, implying an annual rate of 5% and 65% respectively.
More than a quarter of New London residents identify as Hispanic or Latino, and 23% of that population speaks Spanish. Median household income in Newport was $183,900 in the last quarter, an increase of $190,000 in 2013, but still below the national average. If we look at the home price-to-income ratio for the last three months of 2014, we see that it is 5.2, which is slightly higher than the 4.1 average for Connecticut as a whole and the nation as a whole. New the London is ranked number one in Connecticut with the highest score of all cities in the NeighborhoodScout "Best Neighborhoods" rating system, which gives high marks to more than 90 cities in the US.