Real Estate Market Statistics – Jamestown RI 02835
September 2011 is as follows:
4 Jamestown RI homes have been sold in August:
1 home sold over $1 million (waterfront Jamestown home)
3 homes sold over $400,000
There were 87 Jamestown RI homes for sale in September 2011 which was a 1% decrease over the prior month.
This was another minimal decrease in home inventory on the Conanicut Island of Jamestown RI. With the fall weather here in full force, the coastal Jamestown shore remains absolutely breathtaking for buyers in their home searches. Nearly 34% of the Jamestown RI homes for sale are in the $1 million price range and higher- a large portion of this home market.
Jamestown RI continues to have a good supply of homes for sale and the Jamestown RI homes for sale on the oceanfront, water front and coastal are now selling at a slower pace. Homes that are selling are the over $400,000 range right now and if the location, condition and price for a home is right it will be a buyers pick in this Jamestown RI real estate market. The home inventory absorption rate has increased and is still a buyers market.
Pending home sales have decreased by 3 homes over August 2011 and there are 2 homes in pending status in Jamestown RI. Jamestown RI home sales have decreased by 64% over August so what lies ahead for the fall market- we see signs of increased activity right now given the low mortgage rates. It is an extremely attractive time to buy.
Buyers continue to search for oceanfront and coastal Jamestown RI homes for sale. Out of state buyers especially love the waterfront aura of Jamestown RI. When you have great water views and you are an island with bridges on both sides – it is always a draw for Jamestown RI buyers and being right next to Newport RI and North Kingstown RI does matter.
Jamestown RI 02835 – Real Estate Market Report – September 2011.
Ginny Lacey Gorman is your go to North Kingstown agent for homes in North Kingstown 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.