East Greenwich Housing Market February 2017
Recap of East Greenwich Home Sales for 2017
The East Greenwich RI housing market February 2017 has slowed in home sales as the weather of the winter is upon us and disrupting market activity. East Greenwich real estate sales are down by 62% and pending home sales have increased by 8% to the prior month. Buyers are still out searching for the property that fits their needs and are particular in this community. This housing market had a rebound in home sales last year and does seem on track to continue its assent in home sold values.
Home inventory in East Greenwich enables the well appointed RI real estate home to easily stand out to buyers right now. This is a great time to market and sell your ‘ready to sell’ East Greenwich home with the good weather here. Home buyers are looking for homes earnestly in all price ranges.
With two months of activity this year is showing an equal number of home sales as compared to January-February 2016. It is the over $300,000 market and under $800,000 that sold in higher numbers Yet the under $400,000 home that is rightly priced is lacking home inventory in this market. At present, it is a buyers’ market with home inventory lacking availability. Home sellers need to put their homes on the market now to capture buyers attention…no need to wait until spring has sprung!
East Greenwich is a suburb of the city of Providence, commuting distance to the big city and top rated East Greenwich public schools draws the home buyers here. This market’s strong yearly trend in single family home sales indicates a better recovery for housing here this year.
How is the East Greenwich home sale market doing this month:
Active homes on the market: 86 (23% more than prior month)
Average list to sales price: 96% (96% in the prior month)
Average home sale price: $444,000
Median home sale price: $465,000
Pending Homes: 14 (8% more than prior month)
Single family Sold Homes: 5 ( 62% less than prior month)
Days on Market before Pending Sales Contract: 107
Highest priced home sold this month is $660,000 in the Hill and Harbor neighborhood and per square foot cost is $191.
This month 5 single family homes sold as follows: 0 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000 and 3 homes sold between $400,000.
East Greenwich RI Home Sales February 2017
In 2016, 219 single family homes were sold with an average sale price of $452,000. The East Greenwich home sale market in 2017 can only increase as new home inventory, which is lacking, comes on the market and home sold prices rise.
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.
Considering Relocating to East Greenwich? Find out why so many home buyers choose it. 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.
Interested in homes for sale in East Greenwich? As an East Greenwich RI real estate specialist, I provide you insight, neighborhood information 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.
Here are the most current East Greenwich homes for sale under $800,000:
This is the right time to reach out to me, Ginny Gorman, East Greenwich real estate agent, at 401.529.7849 or email me at ginny@RiHouseHunt.com. Let me discuss listing your East Greenwich house for sale, developing a solid marketing plan and getting it show ready to sell. Pricing right is key to this market and home sale. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market February 2017 real estate information is the most current for buyers, sellers and homeowners.
When you are in need of a top selling East Greenwich real estate professional and specialist for your buying, selling or relocating RI real estate home needs, call Ginny Gorman. An internet savvy East Greenwich real estate agent & marketer who successfully lists and sells East Greenwich houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.