East Greenwich RI 02818 Real Estate Report – October 2011
9 East Greenwich RI homes have been sold in October:
5 homes sold over $400,000
1 home sold for between $300,000-$400,000
3 homes sold for under $300,000
There were 134 East Greenwich RI homes for sale in October 2011 which was a 4% decrease over the prior
month (6 less homes for sale). Of the East Greenwich RI real estate homes on the market 8 homes for sale are over $1 million in sales price again.
The numbers of East Greenwich RI homes for sale, price range of homes sold and real estate market trends month to month for East Greenwich neighborhoods that may be on your horizon are shared here. The number of East Greenwich RI homes sold increased by 2 homes over the prior month. Interesting enough the top sellers are the homes over $400,000 or under $300,000 – again. If location, condition and price for a home is right the property will be a seller here in this East Greenwich real estate market and bought!
Be aware that the absorption rate for homes on the market is still very much a buyers market. However, East Greenwich has consistently been the top or in the top two school systems academically in the Rhode Island market. When homeowners are looking for top rated schools, there is no doubt that they consider East Greenwich RI as one of their South County towns to look at.
Pending home sales have remained the same over September 2011 and there are 14 homes in pending in East Greenwich RI. This is and increase of 3 homes from the prior month. To be in ‘pending’ status is to be awaiting the closing of the home, i.e. there is a signed purchase and sales agreement on the home. This waiting time is usually due to the lender going through their punch list of items needed from the buyers and/or finishing up agreed upon repair items from the home inspection.
I do expect real estate to remain constant this fall especially in the lower price ranges. It is a great time to buy and negotiate a great deal. If you are looking for particular East Greenwich neighborhoods such as Pine Glen or Frybrook or the many others that pique your interest, please give me a call at 401.529.7849 and let my East Greenwich RI real estate expertise work for you.
East Greenwich RI Real Estate Report 02818- October 2011.
Ginny Lacey Gorman is your go to East Greenwich real estate agent for homes in East Greenwich RI and beyond…knowing the geographic area, schools, happenings,important tidbits of information and businesses well.
As North Kingstown short sale agents, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.
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 buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.