East Greenwich RI Real Estate Market January 2016

East Greenwich RI Real Estate Market January 2016

 

East Greenwich Housing Market January 2016

 

The East Greenwich RI housing market January 2016 has decreased in real estate sales as the winter weather is upon us.  East Greenwich home sales are down by 43% over the prior month and yet pending home sales are up by 180%.   It shows that buyers are out looking for the best home that suits them in this Kent County community this winter based upon the homes awaiting closing.

 

Home inventory in East Greenwich enables the well appointed RI real estate home to easily stand out to buyers East Greenwich RI Real Estate Market January 2016right now.  This is a great time to market and sell your ‘ready to sell’ East Greenwich home with the spring around the corner.  Yet, home buyers are looking for homes earnestly in the under $400,000 price range now.

 

The 2015 East Greenwich real estate market showed a 12 % increase in home sales over 2014.   Also, 2015 home sold prices here increased by 3% over.  This trend in values and in home sales is expected to continue during 2016.

 

Why such an increase?  The higher priced homes in East Greenwich were the pick for the buyers 2015.  Higher amenities in the homes selling meant increased square footage costs and higher sold prices for sellers.  The average square foot cost of an East Greenwich home was $185/sq.ft for the year 2015.

 

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: 105 (8% more than prior month)

Average list to sales price: 95% (95% in the prior month)

Average home sale price: $399,000 

Median home sale price:  $350,000

Pending Homes:  14 (180% more than prior month)

Single family Sold Homes: 8 ( 43% decrease in home closings over prior month)

 

In January, 8 single family homes sold as follows:  3 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000, 3 homes sold between $400,000 and $1 million and No homes sold over $1 million.

 

East Greenwich RI Real Estate Market January 2016

So we had higher home sales volume and sold values in 2015.  All important news for East Greenwich home sellers.
 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.

Looking to buy an East Greenwich home?   The neighborhoods of East Greenwich are unique to each other and real estate guidance is essential here.  Talk to me, Ginny Gorman, about them, whether home or condo buying, and I will guide you through the details you must know about before you put in an offer.  Reach out to me today at 401.529.7849…I work as a Buyers’ Agent and as a strong Listing Agent for my clients.

Here are the most current East Greenwich homes for sale under $800,000:

East Greenwich RI Real Estate Market January 2016

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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 sells RI houses in this real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.

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