How Is the East Greenwich RI Home Sale Market December 2014?

How Is the East Greenwich RI Home Sale Market December 2014? 

How is the East Greenwich RI home sale market December 2014 doing is the question of the day?  It is heading up in real estate sales by 42% over the prior month!  Yet pending home sales were off by 44% in December which may be due to holidays and vacations of home buyers.

There is no doubt due to the lack of snow, home buyers in East Greenwich and other local communities are busy out buying real estate to find the right priced home in the neighborhood they want now.  The lack of home inventory here enables the well appointed homes 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.

How Is the East Greenwich RI Home Sale Market December 2014?



The 2014 East Greenwich real estate market is showing a 18% decrease in home sales over 2013.   But the great news is that 2014 home sale prices here have increased by 2% over 2013 which is encouraging to home sellers and homeowners.  Most of the decrease in home sales is due to the lack of corporate relocations to East Greenwich this year from other parts of the country.

A suburb of the city of Providence, commuting distance to the big city and top rated East Greenwich schools draws the home buyers here.   This RI real estate market’s strong yearly trend in single family home sales was demonstrated well in 2013.   Yet the over $1 million homes continue to sell slowly in this home sale market, with none selling in December.

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


Active homes on the market: 91 (-7% over prior month)

Average list to sales price: 93% (same as the prior month)

Average home sale price: $337,000 

Median home sale price:  $326,000

Pending Homes:  10 ( 44% less than prior month)

Single family Sold Homes: 17 ( +42% increase in home closings over prior month)

In December, 17 single family homes sold as follows:  8 homes sold for less than $300,000, 4 homes sold between $300,000-$400,000 and 5  homes sold for greater than $400,000. 


 The East Greenwich real estate market has moved to a sellers market as home inventory has lessened 5 months of homes.

How Is the East Greenwich RI Home Sale Market December 2014?

How Is the East Greenwich RI Home Sale Market December 2014?

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

            Average home sold for $337,000 at 93% of list price and days on market was 74. 

            Median home sold for $326,000 at 92% of list price and was on the market for 59 days.

Comparing East Greenwich RI real estate sales in 2014 over 2013, an 18% decrease in real estate sales resulted.   Yet, average home sale prices ( $438,000 in 2014 compared to $429,000 in 2013) are up by 2% in 2014.  In addition, luxury East Greenwich real estate had 4 homes sold in 2014 over $1 million as compared to 5 homes sold in 2013.

Even with these lower sales volume figures this year, East Greenwich has remained one of the most desirable RI home markets to buy into due to proximity to

Providence and Green Airport as well as the public school system.

 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.

Looking for a home in East Greenwich RI?  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.

What are the neighborhoods like in East Greenwich?  Such choices of neighborhoods to explore from the historic Hill and Harbor to the subdivisions off of Division Street.  From coastal condos to horse farm country living to neighborhoods, there are   many choice areas to explore and appreciate.
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 past East Greenwich market reports for 2014 to read:

East Greenwich RI Real Estate Market Report November 2014

East Greenwich RI Real Estate Market Report October 2014

East Greenwich RI Real Estate Market Report September 2014


So how is the East Greenwich RI Home Sale Market December 2014 doing?  The desirability of this centrally located and upscale real estate market is still prime on buyers minds.  Although it suffered a minor setback in home sales in 2014, home inventory needs to be available to buyers in the best condition to stimulate buying trends.  


This is the time to reach out to me by email at or call me at 401.529.7849 to discuss listing your house for sale, developing a solid marketing plan and getting it show ready to sell.  Call me today.  Working with a successful luxury RI real estate agent is what you need.
How Is the East Greenwich RI Home Sale Market December 2014?
Ginny Lacey Gorman is your go to luxury East Greenwich RI real estate agent for real estate in East Greenwich RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  
Waterfront, oceanfront, luxury and coastal East Greenwich Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a true real estate professional 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 or email her at