East Greenwich RI Real Estate Market December 2015 Year End
East Greenwich Housing Market January-December 2015
The East Greenwich RI home sale market in December 2015 has increased in real estate sales as the winter weather is here. East Greenwich home sales are up by 8% over the prior month and pending home sales are down by 62%. Yet, it is a much stronger real estate market here this 2015 year overall compared to 2014 as home sales are up y-t-d by 12%. It shows that buyers are out looking for the best home that suits them in this Kent County community this fall.
Home inventory in East Greenwich enables the well appointed RI real estate 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 with the summer around the corner.
The 2015 East Greenwich real estate market shows a 12 % increase in home sales over 2014 y-t-d through December. Also, 2015 home sale prices here increased by 3% over 2014 y-t-d through December.
Why such an increase? The higher priced homes in East Greenwich were the pick for the buyers in January through December 2015. Higher amenities in the homes selling meant increased square footage costs and higher sold prices for sellers. The average square foot cost of an East Greenwich home is $185/sq.ft for the year 2015. The market is up for the year so far and the sold prices are reflecting market.
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. No homes over $1 million sold in October 2015.
How is the East Greenwich home sale market doing this month:
Active homes on the market: 97 (15% less than prior month)
Average list to sales price: 95% (96% in the prior month)
Average home sale price: $429,000
Median home sale price: $423,000
Pending Homes: 5 (62% less than prior month)
Single family Sold Homes: 14 ( 8% increase in home closings over prior month)
In December, 14 single family homes sold as follows: 4 homes sold for less than $300,000, 3 homes sold between $300,000-$400,000, 7 homes sold between $400,000 and $1 million and No homes sold over $1 million.
Let us review the market details in East Greenwich home sales year to date through December 2015 over year to date December 2014:
199 homes sold in 2015 as compared to 178 in 2014 which is a 12% increase in home sales.
Average home sold price in 2015 is $453,000 as compared to $438,000 in 2014 which is a 3% increase in home sold prices.
East Greenwich RI Real Estate Market Report December 2015 Year End
So we have higher home sales volume and sold values in 2015 year to date. All important news for East Greenwich home sellers.
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:
East Greenwich RI Real Estate Market December 2015 Year End
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