East Greenwich Housing Market August 2018
East Greenwich Home Sales for August 2018
The East Greenwich RI housing market August 2018 is showing a slowdown in home sales as summer weather is swiftly coming to an end. East Greenwich real estate sales have decreased by 14% over the prior month and pending home sales have decreased by 20% over the prior month. Buyers are still out searching for the property that satisfies their needs in this community that are priced right.
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. Home buyers are looking for homes earnestly in all price ranges right now.
It is the over $400,000 market and under $1,000,000 that sold in higher numbers. This month is continuing that home sale trend in East Greenwich.
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 good recovery for housing here this year.
Let us see how the East Greenwich home sale market is doing this month:
Active homes on the market: 136 ( 3% more than the prior month)
Homes listed as ‘Active’ but in contract is 26 of the homes listed as Active
Average home sale price: $567,000
Median home sale price: $486,000
Pending Homes: 12 (3 less than prior month)
Single family Sold Homes: 24 (4 less sold than prior month)
Days on Market before Pending Sales Contract: 56 (increased by 16 days from prior month)
$222 per square foot is the cost of a sold home here this month being a 4 bedroom, 2 bath home with 2400 square feet of living space.
This month 24 single family homes sold as follows: 1 home sold for less than $300,000, 4 homes sold between $300,000-$400,000, 18 homes sold between $400,000- $1 million and 1 home sold over $1 million.
Details of the East Greenwich Home Sales Market so far in 2018 as follows:
The East Greenwich home sale market in 2018, so far, has the number of home sales down 4% in 2018 as compared to the same time period in 2017 (January-August) with home sold values up 7%. There were 164 homes sold January-August 2017 as compared to 158 homes sold in January-August 2018. The average home sold price during the period in 2017 was $477,000 as compared to $510,000 for an average sold price so far in 2018 (the 7% increase in home sold values).
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, staging your home well for a home sale. My office is located right in the heart on East Greenwich on Main Street and we know the town well. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market August 2018 real estate information is the most current for buyers, sellers and homeowners.
East Greenwich Home Sales August 2018
When you are in need of a top selling East Greenwich & RI 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. Your interests are most important to me.