East Greenwich RI Real Estate Market May 2020 Update

East Greenwich Single Family Home Sales May

 
The East Greenwich RI home sales in May 2020 have increased in single family home sales equal to the prior month. Buyers are out searching for the property that satisfy their needs in this community that are priced right for condition.

Home inventory in East Greenwich enables the well appointed RI real estate home to easily stand out to buyersEast Greenwich RI Real Estate Market May 2020 Update right now. This is a great time to market and sell your ‘ready to sell’ East Greenwich home. Home buyers are looking for homes in all price ranges right now.

East Greenwich RI Real Estate Market May 2020 Update

It is the over $400,000 home market that is selling in higher numbers in this town currently. This month is showing range of home sale trends in East Greenwich.

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 solid housing recovery this year.

Let us see how the East Greenwich home sale market is doing this month:

Active homes on the market: 89 (25% more than the prior month)

Homes listed as ‘Active’ but in sales contract: 26 of the homes listed above.

Average list to sold price of the home: 95% (94% in the prior month)

Average home sale price: $657,000

Median home sale price: $513,000

Pending Homes: 16 ( 2 less than prior month)

Single family Sold Homes: 14 (same as sold than in the prior month)

Days on Market before Pending Sales Contract: 100

$214 per square foot of above ground living space is the cost of a sold home here this year so far. The average home sold is a 4 bedroom, 2 bath home with 2600 square feet of above ground living space.

The highest price home sold is new construction in the Old Farm neighborhood for $2,350,000.

This month 14 single family homes sold as follows: 0 homes sold for less than $300,000, 3 homes sold between $300,000-$400,000, 10 homes sold between $400,000- $1 million and 1 home sold over $1 million.

Comparing 2019 to 2020 shows the following in real estate: Single home sales numbers so far in 2020 are 21% less than 2019 and home sold prices are up 8% in the same time period.

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 your options, 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, Ginny Gorman,today at 401.529.7849…I work as a Buyers’ Agent and as a strong Listing Agent for my East Greenwich clients. Let’s talk about my aerial photography and videos for your home that offer faster sales too when we meet.

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

 

Here are the most current East Greenwich homes for sale over $800,00:

 

This is the right time to call me, Ginny Gorman, an East Greenwich real estate agent, at 401.529.7849 or email me at RiByTheBay@gmail.com.  Let me discuss what listing your East Greenwich house for sale will bring for you, developing a solid & strategic marketing plan and getting it show ready to sell.   Pricing right is key to this market as well as staging your home well for a home sale.  Our office is located right in the heart on East Greenwich on Main Street and I know the town well. The real estate market is here for buyers and sellers!

This East Greenwich RI Housing Market May real estate data information is the most current for buyers, sellers and homeowners.  Talk to me about your real estate needs where ever they may take you in the U.S.  Real estate is truly part of my DNA!

East Greenwich Home Sales May 2020 Report

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When you are in need of a top selling East Greenwich & RI 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 Ribythebay@gmail.com.  Your home needs are most important to me.

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