East Greenwich Housing Market December 2017 Update
East Greenwich Home Sales for 2017
The East Greenwich RI housing market December 2017 is staying constant in home sales as the winter weather has arrived. East Greenwich real estate sales are holding firm and pending home sales have decreased by 40% over the prior month. Buyers are still out searching for the property that satisfies their needs in this community.
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 winter weather approaching. Home buyers are looking for homes earnestly in all price ranges even at this time of year.
With twelve months of activity in 2017 shows an increase in home sales by 5% as compared to 2016. It is the over $400,000 market and under $700,000 that sold in higher numbers.
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.
Let us see how the East Greenwich home sale market is doing this month of December:
Active homes on the market: 74 (18 less than the prior month)
Average home sale price: $413,000
Median home sale price: $391,000
Pending Homes: 9 (6 lessthan prior month)
Single family Sold Homes: 15 ( same number of homes sold as prior month)
Days on Market before Pending Sales Contract: 65 (decreased by 6 days from prior month)
Highest priced home sold so far this month is $ 900,000 in the Westwood Estates neighborhood.
This month 15 single family homes sold as follows: 3 homes sold for less than $300,000, 5 homes sold between $300,000-$400,000, 7 homes sold between $400,000- $1 million and 0 home sold over $1 million.
Details of the East Greenwich RI Home Sales Market for the Year 2017 follows:
The East Greenwich home sale market in 2017 increased as new home inventory increases and home sold prices rise. Home sales are up 5% this year through December 2017 as compared to the same time period in 2016 with home sold values up 9% up as well. The average square foot cost of an East Greenwich home sold was $199. There were 6 homes sold over $1 million in 2017 and 37% of the homes sold were $400,000 or under. 230 homes sold through December 2017 were for an average sold price of $490,000 as compared to 2016 when 219 homes sold for an average sale price of $451,000.
Here you have a true escalating real estate market as we enter 2018.
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 right time to reach out to me, Ginny Gorman, East Greenwich real estate agent, at 401.529.7849 or email me at ginny@RiHouseHunt.com. Let me discuss listing your East Greenwich house for sale, developing a solid marketing plan and getting it show ready to sell. Pricing right is key to this market and home sale. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market December 2017 real estate information is the most current for buyers, sellers and homeowners. Year
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 East Greenwich houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.