East Greenwich Housing Market May 2017 Report
Recap of East Greenwich Home Sales for Sale
The East Greenwich RI housing market May 2017 has jumped up in home sales as the late spring weather is here and helping the home market activity. East Greenwich real estate sales are up by 42% and pending home sales have decreased by 3% over the prior month. Buyers are still out searching for the property that fits their needs and are particular in this community. This real estate market is having a great rebound in home sales and seems to be on track to continue.
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 good weather here. Home buyers are looking for homes earnestly in all price ranges.
With five months of activity this year showing an increase in home sales by 23% as compared to January-May 2016. It is the over $400,000 market and under $600,000 that sold in higher numbers. Yet the under $400,000 home that is rightly priced is lacking home inventory in this market. Home sellers need to put their homes on the market now to capture buyers attention.
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:
Active homes on the market: 61 (9% less than prior month)
Average list to sales price: 96% (97% in the prior month)
Average home sale price: $438,000
Median home sale price: $423,000
Pending Homes: 30 (1 less than prior month)
Single family Sold Homes: 27 ( 8 more homes than prior month)
Days on Market before Pending Sales Contract: 60
Highest priced home sold so far this year is $1,400,000 in the Taggart Court neighborhood and per square foot cost is $235 for the average home sold so far this month.
This month 27 single family homes sold as follows: 5 homes sold for less than $300,000, 6 homes sold between $300,000-$400,000, 15 homes sold between $400,000- $1 million and 1 home sold over $1 million.
East Greenwich RI Home Sales May 2017
The East Greenwich home sale market in 2017 can only increase as new home inventory comes on the market and home sold prices rise. Home sales are up 23% this year through May 2017 as compared to the same time period in 2016 with home sold values up 14% up as well.
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 and home sale. The real estate market is here for buyers and sellers!
This East Greenwich RI Housing Market May 2017 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.