Discover East Greenwich Rhode Island Real Estate Report

Discover East Greenwich Rhode Island Real Estate Report



This is the East Greenwich Rhode Island Real Estate market report for August 2012.  East Greenwich real estate had another

East Greenwich town hall

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good month with sales up 91%  as follows:  21 East Greenwich homes sold.

11 homes sold over $400,000

7 homes sold for between $300,000-$400,000
3 homes sold for under $300,000

There were 123 East Greenwich homes for sale in August which was a 4% decrease over July.   Currently, there are 9 luxury East Greenwich homes for sale over $1 million.


East Greenwich RI Real Estate Market Stats for July 2012

East Greenwich RI waterfront

Discover East Greenwich Rhode Island Real Estate Report

19 homes are Pending in East Greenwich in August awaiting closing. Pending sales are down by two from the prior month but buyers are still  searching for Rhode Island real estate here.  In fact, it is a balanced buyers-sellers market in East Greenwich as absorption rates are at a 6 months of home inventory.


East Greenwich has the homes for sale and the location buyers want and there are many neighborhood choices.  Schools remain a top attraction for living here (East Greenwich being one of the top rated RI school systems).  As well as the easy commute to Providence.  The Wickford Junction train station is 10 minutes away for those commuting to Boston!


The historic Main Street in East Greenwich is packed with unique shops and foodie restaurants– it is always worth a meal here.  The marinas and Hill and Harbor area are always a draw also for those looking for a great experience along the waterfront.

There were no East Greenwich short sales sold in August.

The following is more detailed information on August East Greenwich home sales:


In August 2012, the average East Greenwich RI home sold for $419,028, was on the market for 95 days and sold for 94% of list price.

Whereas the median priced East Greenwich RI home sold for $409,000, was on the market for 78 days and sold for 94% of list price in August 2012.


So home prices were down but sales are up and prices are competitive for the second month in a row.

Give me, Ginny Lacey Gorman, a call at 401.529.7849 whether you are buying or selling an East Greenwich home.   Ensure you have an experienced specialist and negotiator representing you and guiding you along the home sale and buying route.  I sell homes in this real estate market!  Discover East Greenwich Rhode Island Real Estate  Report.


 Ginny Lacey Gorman is your go to East Greenwich RI real estate agent for real estate in East Greenwich RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. 

Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard.   When you are in need of a good professional for your selling needs and an internet savvy marketer who sells RI houses in this Rhode Island real estate market – call Ginny at 401.529.7849.