Update on the East Greenwich RI December and Year End 2013
Real Estate Market
The East Greenwich RI 02818 real estate market update in December and Year End 2013 shows an increase in home buyers activity. This winter home sales market has rebounded well in 2013 from 2012 with a 3% home sales price increase so far through December.
A suburb of the city of Providence, commuting distance and great schools draws the home buyers here as East Greenwich RI home sales through year end are shared with the consumer. This RI real estate market’s strong yearly trend in single family home sales is demonstrated by homes sold up by 25% year to date over last year, year to date!
Let us look at how this market is doing this month, as follows:
Active homes on the market: 101 (same as prior month)
Average list to sales price: 95%
Average home sale price: $494,000 (23% increase over prior month)
Pending Homes: 17 (up by 6% from prior month)
Single family Sold Homes: 15 (67% more than prior month)
East Greenwich RI 02818 Market Report December 2013
In December, 15 single family homes sold, as follows: 1 home sold for less than $300,000, 5 homes sold between $300,000-$400,000 and 9 homes sold for greater than $400,000. No homes sold for over $1 million. More detailed East Greenwich December home sales information to follow:
Average home sold for $494,000 at 95% of list price and days on market was 129.
The average home sale price has increased here as buyers reached for the over $400,000 homes this month.
East Greenwich RI Real Estate Update December Year End 2013
Comparing East Greenwich RI real estate sales year to date through December 2013 to December 2012, showed an increase in home sales by 25%. Also, home prices are up by 3% over 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.
As an East Greenwich RI real estate specialist, I can provide you insight 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. I would love the opportunity to help.
The East Greenwich RI Real Estate update for December 2013 and year end shares current home sale market information useful to homeowners and buyers.