East Greenwich RI Home Sales – October 2013
The East Greenwich RI real estate market update this month shows a bump up in home buyers activity. This fall home sales market has rebounded well in 2013 from 2012 with a 2% home sales price increase so far through October.
A suburb of the city of Providence, commuting distance and great schools draws the home buyers here as East Greenwich RI home sales in October 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 29% year to date over last year here!
Let us look at how this market is doing in October, as follows:
Active homes on the market: 109 (7% decrease over prior month)
Average list to sales price: 93% (down by 2% over prior month)
Average home sale price: $333,400 (39% decrease over prior month)
Pending Homes: 13 (up by 18% from prior month)
Single family Sold Homes: 15 (50% more than prior month)
East Greenwich RI Real Estate Market Update – October 2013
In October, 15 single family homes sold, as follows: 9 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000 and 4 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 $333,400 at 93% of list price and days on market was 105.
Median home sold for $272,500 at 96% of list price and days on market was 90.
Comparing East Greenwich RI real estate sales year to date through October 2012 to October 2013, showed an increase in home sales by 29%. 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 under $300,000 homes in a big way this month.
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.
Hope you found the East Greenwich RI Real Estate update for October 2013 helpful.