Jamestown Home Sale Market January 2017
Jamestown Homes for Sale in January
This Jamestown Rhode Island home sale market in January 2017 is the time to buy in this coastal real estate market. Overall, the home sales were down 30% from the prior month with pending home sales awaiting closing were down by 60% over the prior month. Overall, 2016 the Jamestown real estate market showed a large increase in home sales as compared to 2015. A rebound has finally happened in this Jamestown RI coastal real estate market. The luxury Jamestown housing market has 3 sold homes this month for over $1 million in waterfront RI real estate. Read on to see what the home sale Jamestown market is doing…
Knowing the waterfront and Jamestown RI coastal real estate area is part of the RI home discovery process. If you are buying or selling a home in coastal Jamestown RI real estate, you want to understand this local home market. It is important to know that although real estate taxes are low here, the average price of a home is significantly higher than surrounding Washington and Newport county properties.
Here is the current Jamestown RI real estate market report provided by Ginny Lacey Gorman of Jamestown RI waterfront real estate for the month:
Jamestown properties active and on the market this month: 68
- Single-family properties sold: 7 (10 homes sold in prior month)
- Average Sales price sold: $ 1,233,000
- Median Sales price sold: $655,000
- Sales price to list price ratio: 92% (last month it was 95%)
- Days on the market: 135
- Sales currently pending: 2 (5 homes pending last month)
Knowing the Jamestown RI real estate market is essential if you are considering listing your home for sale or in the market to buy. Especially if your home is in the luxury Jamestown dollar range. Twenty two luxury homes $1 million and over sold last year.
Jamestown’s home absorption rate is still in a buyers’ real estate market in some price points. In addition, the luxury $1 million plus Jamestown home sale market commands a large part of the homes for sale. Yet, the under $600,000 home is the one that buyers are most searching for and are limited with house inventory.
Jamestown RI Home Sale Market January 2017 is buzzing with this information…
- Jamestown’s home inventory increased by 3% over the prior month, days on market decreased and list price to sold price slipped to 92%.
- Jamestown waterfront homes had 3 luxury and waterfront homes sold over $1 million. The highest price home sold this month for $2,400,000 on Beavertail Road.
- 7 Jamestown RI homes sold this month is as follows: 0 home sold under $300,000, 1 home sold between $300,000-$400,00, 3 homes greater than $400,000 but less than $1 million and 3 homes sold for $1 million and over.
Discover more about the beautiful Beavertail State Park on Jamestown in this YouTube video:
It is too early in 2017 to project what will continue to happen in this Jamestown home sale market. However, with a 46% increase in home sales in 2016 over 2015, this Jamestown real estate market is hot in Newport County!
This is the real estate news for home sellers they want to hear and buyers will need to pay more for homes in Jamestown now. But it is a long term investment for any home buyer.
The town itself is known for its stunning coast line, its true island feel, one of a kind Beavertail State Park and coastal luxury living by the locals. It is a higher end community of island homes due to its geography between the towns of Newport and North Kingstown. The island itself is called Conanicut Island and has working farms on it, stunning landscapes of the ocean and coastlines to admire yet a small town appeal.
Here are the most current and up to date Jamestown RI homes for sale as they happen:
Are you considering buying or selling a Jamestown luxury coastal home? Discussing your home needs is essential in this market and what I can do for Jamestown clients successfully. Please reach out to me, Ginny Lacey Gorman, Jamestown RI coastal and luxury real estate agent, at 401.529.7849 or email me at Ginny@RiHouseHunt.com for a home evaluation analysis or to discuss how we can work together. I would love the opportunity to help you in your RI home search or sale.
Jamestown RI Real Estate Market Report January 2017