What is Happening with the East Greenwich RI 02818 Market Report November 2013?
The East Greenwich RI 02818 real estate market update this month shows a bump up in home buyers activity. This early winter home sales market has rebounded well in 2013 from 2012 with a 2% home sales price increase so far through November.
A suburb of the city of Providence, commuting distance and great schools draws the home buyers here as East Greenwich RI home sales in November 2013 are shared for the consumer. This RI real estate market strong yearly trend in single family home sales is demonstrated by homes sold up by 23% year to date over last year year to date!
Let us look at how this market is doing in November, as follows:
Active homes on the market: 101 (7% decrease over prior month)
Average list to sales price: 93% (same as prior month)
Average home sale price: $401,000 (20% increase over prior month)
Pending Homes: 16 (up by 23% from prior month)
Single family Sold Homes: 9 (40% less than prior month)
East Greenwich RI 02818 Market Report November 2013
In November, 9 single family homes sold, as follows: 2 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000 and 5 homes sold for greater than $400,000. No homes sold for over $1 million. More detailed East Greenwich home sales information to follow:
Average home sold for $401,000 at 93% of list price and days on market was 179.
Median home sold for $425,000 at 94% of list price and days on market was 83.
Comparing East Greenwich RI real estate sales year to date through November 2012 to November 2013, showed an increase in home sales by 23%. Also, home prices are up by 2% over the same time period.
The average home sale price has dropped here as buyers reached for the over $400,000 homes this month.
Greenwich Bay view
Why do people move to this community of East Greenwich RI? Within Kent County this suburban town is noted for fine homes, great public schools, being near shopping malls 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.
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.
The East Greenwich RI Real Estate update for November 2013 shares current home sale market information useful to community.