East Greenwich Housing Market January 2018 Update
East Greenwich Home Sales for January 2018
The East Greenwich RI housing market January 2018 is staying constant in home sales as the winter weather has peaked. East Greenwich real estate sales are holding firm and pending home sales have decreased by 7% 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 with the winter weather approaching. Home buyers are looking for homes earnestly in all price ranges even at this time of year.
Sales activity in 2017 showed 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. And this month is continuing that home sale trend.
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 January:
Active homes on the market: 59 (15 less than the prior month)
Average home sale price: $451,000
Median home sale price: $452,000
Pending Homes: 5 (4 less than prior month)
Single family Sold Homes: 14 ( 1 less sold than prior month)
Days on Market before Pending Sales Contract: 85 (increased by 20 days from prior month)
Highest priced home sold so far this month is $ 845,000 in the Cedar Rock neighborhood.
This month 14 single family homes sold as follows: 3 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000, 9 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 is as follows:
The East Greenwich home sale market in 2017 had home sales up 5% in 2017 as compared to the same time period in 2016 with home sold values up 9%. 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. We will see if 2018 is as vibrant.
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, staging your home well for a home sale. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market January 2018 real estate information is the most current for buyers, sellers and homeowners.
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.