Jamestown RI Real Estate Market Report November 2011
Jamestown RI Real Estate Market Report November 2011 is hot off the home sale presses.
4 Jamestown RI homes have been sold in November, as follows:
4 homes sold over $400,000
There were 71 Jamestown RI homes for sale in November 2011 which was a 5% decrease in home inventory over the prior month.
This is a significant decrease in home inventory on the Conanicut Island of Jamestown RI for the second month. With winter coming quickly, the shore remains one of the most desirable waterfront buys for home searches. Who wouldn’t want to be surrounded by water? Yet nearly 32% of the Jamestown RI homes for sale are in the $1 million price range and higher.
If your are a home seller, the Jamestown RI homes for sale market reports provides you information on recent home sales. My web site will give you more information into all the Jamestown RI real estate that will be of interest to you as well as to buyers in determining value.
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.
5 Pending homes sales for November 2011…Jamestown’s home market is not showing the true dynamics of a real estate market that homes sellers depend upon. Jamestown home sales were equal to the month of October.
Buyers continue to search for oceanfront Jamestown RI homes for sale. Out of state buyers especially love the waterfront aura of Jamestown RI. When you have great water views and you are an island with bridges on both sides it does have a wow effect.
Jamestown RI Real Estate Market Report November 2011.