East Greenwich RI Market Report October 2013

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!

East Greenwich RI Real Estate Update October 2013

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.

East Greenwich RI Market Report October 2013

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.

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.

What are the neighborhoods like in East Greenwich?  Such choices of neighborhoods to explore from the historic Hill and Harbor to the subdivisions off of Division Street.  From coastal condos to horse farm country living to neighborhoods, there are   many choice areas to explore and appreciate.

 

Looking to buy an East Greenwich home?   Call me to explore the neighborhoods of East Greenwich and to find the right area for you at 401.529.7849 or email me, Ginny Lacey Gorman, at RiByTheBay@gmail.com.  I would love the opportunity to help with your real estate needs.

Hope you found the East Greenwich RI Real Estate update for October 2013 helpful.

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 Ginny Lacey Gorman is your go to Rhode Island waterfront Real Estate agent for real estate in East Greenwich RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  
 
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a true real estate professional for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market call Ginny at 401.529.7849.

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