East Greenwich Housing Market November 2016
The East Greenwich RI housing market November 2016 has shot up in home sales as the weather of this fall month is upon us. East Greenwich real estate sales are up by 38% yet pending home sales have slipped 12% over the prior month. Buyers are still out searching for the property that fits their needs and are particular in this community. This housing market had a rebound in the late fall months with higher priced homes selling.
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.
The first eleven months of this year have shown a 9% increase in home sales as compared to the same period in 2015. Home sold values in 2016 have remained constant in the first eleven months of 2015. It is the over $300,000 market and under $800,000 that is selling in bigger numbers now. Yet the under $400,000 home that is rightly priced is lacking home inventory 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: 98 (8% less than prior month)
Average list to sales price: 97% (97% in the prior month)
Average home sale price: $401,000
Median home sale price: $380,000
Pending Homes: 15 (12% less than the prior month)
Single family Sold Homes: 18 ( 38% more than prior month)
Days on Market before Pending Sales Contract: 95
Highest priced home sold this month was for $892,500.
This month 18 single family homes sold as follows: 4 homes sold for less than $300,000, 7 homes sold between $300,000-$400,000, 7 homes sold between $400,000 and $1 million and no homes sold over $1 million. The average square foot cost of a sold East Greenwich home averages $190 this year. This home market is in a balanced market moving towards a sellers market.
East Greenwich RI Home Sales November 2016
So far in 2016, 203 single family homes have been sold with an average sale price of $452,000. In 2015 for the first eleven months, 186 homes sold with an average sale price of $454,000. The homes sold market has increased by 9% this year over last year year to date.
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:
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 November 2016 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 RI houses at top prices in this RI real estate market call Ginny at 401.529.7849 or email me at ginny@RiHouseHunt.com.