Jamestown RI Real Estate Market Report – Year End.
2 Jamestown RI homes sold in December 2011, as follows:
1 home sold over $1 million
1 home sold over $400,000
There were 61 Jamestown RI homes for sale in December which was 10 fewer homes on the market over the prior month. This is another decrease in home inventory on Conanicut Island for the third month. The coastal Jamestown RI shore remains one of the most desirable waterfront buys for home searches. Who wouldn’t want to be surrounded by water? Oh, yes with an escape route either way!
If your are a Jamestown home seller, the Jamestown RI real estate market reports provides you information on recent home sales. My web site will give you more information into all the Jamestown RI homes for sale.
Jamestown RI continues to have a good supply of homes for sale and the oceanfront, water front and coastal Jamestown RI homes for sale are selling at a modest pace. The home inventory absorption rate remains a buyers market yet the waterfront homes are commanding a buyers premium.
6 Pending homes sales for December 2011…Jamestown’s home market is not showing the true dynamics of a real estate market that homes sellers depend upon. Jamestown home sales increased by 1 over November.
Overall 57 Jamestown homes were sold in 2011.
– Average Jamestown home sold for $733,907
– Jamestown homes were on the market for 169 days
– Jamestown homes sold for 91% of list price
– 22% drop in Jamestown home sales in 2011 over 2010
As you can see 9% of the 2011 Jamestown homes sold were under $300,000, 33% were $300,000-$400,000 and 58% were over $400,000. During 2011, 6 Jamestown RI homes sold for over $1 million.
Other South County RI towns 2011 real estate market reports:
Buyers continue to search for oceanfront Jamestown RI homes for sale. Out of state buyers especially love the Conanicut Island aura, peaceful life style and Beavertail State Park. When you have great water views and you are an island with connectivity on both sides it does have make for that wow effect. Jamestown RI Real Estate Market Report – Year End.