East Greenwich Housing Market May 2018
East Greenwich Home Sales for May 2018
The East Greenwich RI housing market May 2018 is showing an large increase in home sales as the late spring weather is moving quickly into the next season. East Greenwich real estate sales have increased by 172% over the prior month and pending home sales have increased by 8% 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.
It is the over $400,000 market and under $800,000 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 good 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: 114 (33 % more than the prior month)
Homes listed as ‘Active’ but in contract is 27 of the homes Active
Average home sale price: $474,000
Median home sale price: $425,000
Pending Homes: 27 (2 more than prior month)
Single family Sold Homes: 30 (19 more sold than prior month)
Days on Market before Pending Sales Contract: 65 (increased by 31 days from prior month)
$213 per square foot is the cost of a sold home here so far this year.
This month 30 single family homes sold as follows: 4 homes sold for less than $300,000, 8 homes sold between $300,000-$400,000, 17 homes sold between $400,000- $1 million and 1 home sold over $1 million.
Details of the East Greenwich Home Sales Market so far in 2018 as follows:
The East Greenwich home sale market in 2018 so far has the number of home sales down 15% in 2018 as compared to the same time period in 2017 (January-May) with home sold values up 2%. The average square foot cost of an East Greenwich home sold is $213 so far in 2018. There were 69 homes sold January-May 2017 as compared to 81 homes sold in January-May 2018. The average home sold price during this period in 2017 was $469,000 as compared to $478,000 for an average sold price so far in 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 May 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.