East Greenwich Housing Market Update First Quarter 2016
The East Greenwich RI housing market March 2016 has increased in real estate sales as the spring weather leaps forward. East Greenwich home sales are up by 20% over the prior month and pending home sales are up by 32%. It shows that buyers are out looking for the best home that suits them in this East Greenwich community in the first quarter of 2016.
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 spring ready weather here. Home buyers are looking for homes earnestly in the under $400,000 price range now especially and this being the strongest real estate market.
The first three months have shown a 1% decrease in home sales as compared to the same period in 2015. Home sold values in 2016 have decreased by 31% over the first quarter of 2015 as the higher priced homes are just not selling in larger numbers yet. It is the under $400,000 market that is selling now and buyers are buying.
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: 100 (6% more than prior month)
Average list to sales price: 95% (95% in the prior month)
Average home sale price: $373,000
Median home sale price: $328,000
Pending Homes: 25 (32% more than prior month)
Single family Sold Homes: 12 ( 20% increase in home closings over prior month)
Days on Market before Sales Contract: 130
Highest priced home sold this month was for $792,000.
In March, 12 single family homes sold as follows: 4 homes sold for less than $300,000, 4 homes sold between $300,000-$400,000, 4 homes sold between $400,000 and $1 million and No homes sold over $1 million.
East Greenwich RI Home Sales March 2016
So we had similar home sales volume but home sold values in 2016 declined compared to 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.
Here are the most current East Greenwich homes for sale under $800,000:
This is the time to reach out to me, Ginny Gorman at 401.529.7849 to discuss listing your East Greenwich house for sale, developing a solid marketing plan and getting it show ready to sell. Spring market is here for buyers and sellers!
East Greenwich RI Real Estate Market March 2016
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.