Voluntown


Music to everyone’s ears!

Summer is winding down and here are some town by town facts as to current under deposit numbers:

Canterbury – Total active listings 42

10 under deposit, show for backup or hubbard listings

Price at time of deposit = $145,000 to 575,000

Average price of pendings = $264,900

Average DOM prior to deposit = 113

Lisbon – Total active listings 35

4 Pending listings

Price at time of deposit = $199,900 – 595,000

Average price of pendings = $300,950

Average DOM at time of deposit = 94.25

Griswold – Total active listings 98

18 Pending listings

Price at time of deposit = $135,000 to 385,000

Average price of pendings:  $234,766

Average DOM at time of deposit: 101.72

Voluntown – Total Active listings 23

2 pending listings

Price at time of deposit = $219,000 to $259,900

Average price of deposits:  $239,450

Average DOM at time of deposit:  259.50

These are the facts!  Interesting is the ratios:  Canterbury is doing the best at 23% of its total inventory under deposit, Griswold is 2nd at 18% , Lisbon 3rd with 11% and Voluntown comes in 4th at 8%.  Sometimes numbers do lie, take for example Lisbon with an average price of $300 on pendings..of the 4 pendings 2 are at 199,900, 1 at 209,900 and 1 at 595,000 which dramatically brings up the average price.

Average price for all 4 towns, $260,016.50.

Disclaimer:  Pendings do not reflect final sales price, this information is not available until after closing of the property.  But what we do know, the properties that are drawing the buyers is the $260,000 and under market.

It has come to my attention via the Voluntown website that this towns population doubles in size during the summer months…I had no idea it was such a tourist attraction!  But apparently Voluntown is a hub for camping, boating, hiking and swimming with nearly 70% of its land being state owned.  Lessons learned!  You can visit the town web site at www.voluntown.gov .

Here are some other interesting facts straight from the town’s site:

Estimated 2005 population – 2598

  • Land area – 39 square miles
  • State of Connecticut owns 70% of land (Pachaug State Forest)
  • Population per square mile – 72
  • Households – 952
  • Median Age – 37
  • Total Students Enrolled in Voluntown Schools (pre-K thru grade 8) – 334
  • Student/Teacher Ratio – 13
  • Total Students Enrolled in Designated High Schools (Griswold High and Norwich Free Academy) – 140

And, the real estate market looks like this:

Current Active listings:  18                 Range of value:  $90,000 to 767,000

Current Pending listings:  3                 Range of value:  $209,900 to 339,900

Closed in the last 90 days:  10            Range of value:  $160,000 to 321,000

Average days on market:  85.2

Average sale price:  $260,190