East Greenwich Housing Market Update July 2016
The East Greenwich RI housing market July 2016 has decreased in real estate sales as the weather moves forward in the summer months. East Greenwich real estate sales are down by 30% over the prior month and pending home sales are down by 17%. It shows that buyers are out looking for the home that suits them and are particular in this community in 2016.
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 spring ready weather here. Home buyers are looking for homes earnestly in all price ranges.
The first seven months of this year have shown a 2% increase in home sales as compared to the same period in 2015. Home sold values in 2016 have decreased by 3% over the first seven months of 2015. It is the over $400,000 market that is selling in larger numbers now. Yet the under $400,000 home that is rightly priced is needed in this 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.
How is the East Greenwich home sale market doing this month:
Active homes on the market: 128 (4% less than prior month)
Average list to sales price: 97% (97% in the prior month)
Average home sale price: $496,000
Median home sale price: $458,000
Pending Homes: 15 (17% less than prior month)
Single family Sold Homes: 26 ( 30% decrease in home closings over prior month)
Days on Market before Pending Sales Contract: 67
Highest priced home sold this month was for $1,050,000.
This month 26 single family homes sold as follows: 5 homes sold for less than $300,000, 5 homes sold between $300,000-$400,000, 15 homes sold between $400,000 and $1 million and 1 home sold over $1 million. The average square foot cost of a sold East Greenwich home averages $186 this year.
East Greenwich RI Home Sales July 2016
So far in 2016 129 single family homes have been sold with an average sale price of $455,000. In 2015 for the first seven months, 125 homes sold with an average sale price of $467,000. This home market has basically had a flat home sale and sold value year over year so far.
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 time to reach out to me, Ginny Gorman at 401.529.7849 or email me at ginny@RiHouseHunt.com to discuss listing your East Greenwich house for sale, developing a solid marketing plan and getting it show ready to sell. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market July 2016 real estate information is the most current for interested 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 RI houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.