East Greenwich Housing Market January 2017
Recap of East Greenwich Home Sales for 2017
The East Greenwich RI housing market January 2017 has slowed in home sales as the weather of this winter month is upon us. East Greenwich real estate sales are down by 19% and pending home sales have decreased by 13% 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 in 2016 with higher priced homes selling.
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 only one month this year has shown a 63% increase in home sales as compared to January 2016. Home sold values in 2016 remained constant as compared to 2015. It is the over $300,000 market and under $800,000 that sold in higher number. Yet the under $400,000 home that is rightly priced is lacking home inventory in this market. At present, it is a sellers 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!
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: 70 (3% less than prior month)
Average list to sales price: 96% (97% in the prior month)
Average home sale price: $477,000
Median home sale price: $450,000
Pending Homes: 13 (13% less than prior month)
Single family Sold Homes: 13 ( 19% less than prior month)
Days on Market before Pending Sales Contract: 77
Highest priced home sold this month is $1,050,000 in the Westwood neighborhood and per square foot cost is $212.
This month 13 single family homes sold as follows: 2 homes sold for less than $300,000, 4 homes sold between $300,000-$400,000, 6 homes sold between $400,000 and $1 million and 1 home sold over $1 million.
East Greenwich RI Home Sales January 2017
In 2016, 219 single family homes have been sold with an average sale price of $452,000. Home sold values 2016 over 2015 stayed nearly equal. The East Greenwich home sale market in 2017 can only increase as new home inventory, which is lacking, comes on the market.
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 January 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 RI houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.