What makes the East Greenwich RI Home Sales Market July 2013 interesting?
There is no stopping the East Greenwich RI home sales market this month as it continues to be a desirable location for home buyers. It continues to be a strong home sales market that has rebounded well from 2012.
A suburb of Providence, the commuting distance and great schools draws the home buyers here as East Greenwich RI home sales in July 2013 are shared. This RI real estate market upward trend in single family home sales demonstrated by home sales greater than last year same time period by 50%!
Let us look at how East Greenwich RI home sales are selling in July, as follows:
Active homes on the market: 118 (negligible increase over prior month)
Average list to sales price: 96% (down from 94% in prior month)
Average home sale price: $488,469 (3% increase over prior month)
Pending Homes: 18 (down by 49% from prior month)
Single family Sold Homes: 30 (30 homes sold prior month)
East Greenwich RI Home Sales Market July 2013
In July, 30 single family homes sold, as follows: 5 homes sold for less than $300,000, 6 homes sold between $300,000-$400,000 and 19 homes sold for greater than $400,000. More detailed sales information is as follows:
Average home sold for $488,469 at 96% of list price and days on market was 74.
Median home sold for $485,000 at 96% of list price and days on market was 56.
Overall July was an outstanding month for East Greenwich home sales. Home inventory has increased by a mere 1 home . We saw the average days on market drop greatly and homes sales prices increased by 3%. Also, a 3% decrease in home sale volume over June occurred. However, we now have a true sellers real estate market here with just over 3 months of home inventory.
Comparing East Greenwich RI home sales for the month of July 2012 compared to July 2013 showed an increase in home sales by 50%. Home prices are up by 8% over the same period of time. The East Greenwich RI home sales market is a sellers market right now with less than 4 months of home inventory on the market.
Why do people move to this community of East Greenwich RI? Within the Kent County county this suburban town is noted
for fine homes, great public schools, it is near shopping areas and there is easy highway access. Its closeness to the Providence airport and the capitol of RI makes East Greenwich a choice town for commuters.
A variety of neighborhoods from country estates to condos on Main Street is so appealing to East Greenwich real estate buyers. Noted for its choice of restaurants outside of Providence as well as marinas for boating enthusiasts.
Looking for a home in East Greenwich RI? Interested in homes for sale in East Greenwich? Call me and let me take the stress out of finding the right neighborhood to live in. As an East Greenwich RI real estate specialist, I can provide you insight and choices for your next move. Let me do a more in depth analysis into what is happening in the market at your price point as well as surrounding towns. I would love the opportunity to help.
Call me to explore the neighborhoods of East Greenwich and to find the right area for you at 401.529.7849 or email me at Ginny@RiHouseHunt.com. I would love the opportunity to help.
Hope you found the East Greenwich RI Home Sales Market update for July 2013 informative.