East Greenwich RI Real Estate Market February 2016

East Greenwich RI Real Estate Market February 2016


East Greenwich Housing Market February 2016


The East Greenwich RI housing market February 2016 has increased in real estate sales as the winter weather wanes.  East Greenwich home sales are up by 25% over the prior month and pending home sales are up by 36%.   It shows that buyers are out looking for the best home that suits them in this Kent County community this winter.


Home inventory in East Greenwich enables the well appointed RI real estate home to easily stand out to buyers East Greenwich RI Real Estate Market February 2016right now.  This is a great time to market and sell your ‘ready to sell’ East Greenwich home with the spring ready to spring with the weather here.  Yet, home buyers are looking for homes earnestly in the under $400,000 price range now and this being the strongest real estate market.


In 2015 home sold prices here increased by 3% over 2014.  This trend in values and in home sales will hopefully continue during 2016.  Yet the first two months have shown an equal number of home sales as compared to the same period in 2015.  Home sold values have decreased by 34% over first two months of 2015 as the higher priced homes are not selling yet.  It is the under $400,000 market that is selling now and more listings are needed.


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.

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


Active homes on the market: 94 (10% less than prior month)  East Greenwich RI Real Estate Market February 2016

Average list to sales price: 95% (95% in the prior month)

Average home sale price: $358,000 

Median home sale price:  $354,000

Pending Homes:  19 (36% more than prior month)

Single family Sold Homes: 10 ( 25% increase in home closings over prior month)


In February, 10 single family homes sold as follows:  2 homes sold for less than $300,000, 5 homes sold between $300,000-$400,000, 3 homes sold between $400,000 and $1 million and No homes sold over $1 million.


East Greenwich RI Real Estate Market February 2016

So we had similar home sales volume but home sold values in 2016 declined compared to 2015.  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.

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, Ginny Gorman, 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.  Reach out to me today at 401.529.7849…I work as a Buyers’ Agent and as a strong Listing Agent for my clients.

Here are the most current East Greenwich homes for sale under $800,000:


East Greenwich RI Real Estate Market February 2016


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 sells RI houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.