East Greenwich RI Real Estate Market March 2015

East Greenwich RI Real Estate Market March 2015

 

The East Greenwich RI home sale market in March 2015  is leaping out of the doldrums of winter.   Home sales are up by 86% over the prior month and pending home sales are equal to last month.  This means that buyers are out looking for the best home as the inventory increases.  More than encouraging for East Greenwich real estate.

East Greenwich RI Real Estate Market March 2015

Home inventory in East Greenwich enables the well appointed RI real estate to easily stand out to home buyers right now.  This is a great time to market and sell your ‘ready to sell’ East Greenwich home with the snow disappearing quickly.

The 2015 East Greenwich real estate market shows a 7 % increase in home sales over 2014 y-t-d through March.   Also, 2015 home sale prices here increased by 30% over 2014 y-t-d through March which is encouraging to sellers in 2015.  The average building sold square foot cost rose by 15% so far in 2015 as compared to y-t-d 2014.

 

Why such an increase?  The higher priced homes in East Greenwich were the pick for the buyers in January through March 2015.  Higher amenities in the homes selling meant increased square footage costs and higher sold prices for sellers.

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.   One over $1 million home sold in March.

How is the East Greenwich home sale market doing this month:

Active homes on the market: 84 (+12% over prior month)

Average list to sales price: 96% (96% in the prior month)

Average home sale price: $507,000 

Median home sale price:  $350,000

Pending Homes:  18 ( same as prior month)

Single family Sold Homes: 13 ( 86% increase in home closings over prior month)

In March, 13 single family homes sold as follows:  5 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000, 5 homes sold between $400,000 and $1 million and 1  home sold for greater than $ 1 million.

 The East Greenwich real estate market is becoming a balanced real estate market.

East Greenwich RI Real Estate Market March 2015

 

 

Let’s review the details in East Greenwich March home sales:

            Average home sold for $507,000 at 96% of list price and days on market was 114. 

            Median home sold for $350,000 at 97% of list price and was on the market for 67 days.

So the higher sales volume figures this year are indicating a pent up demand for the right priced and location.  The over $400,000 home market is staying strong as well as the under $300,000 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.

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 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.

Here are a few of the most current East Greenwich homes for sale:

Whether you are buying or selling in the East Greenwich real estate market, I would like the opportunity to earn your trust and business. I am well versed in all types of residential real estate and will ensure your needs are my top priority!

East Greenwich RI Real Estate Market March 2015

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Ginny Lacey Gorman is your go to East Greenwich Rhode Island waterfront and luxury real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
 
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 real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 today.

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