Jamestown RI Real Estate Market Report January 2014
This Jamestown RI real estate market is feeling the steady run in the new year in January home sales in spite of the wintry weather. An improved single family home sale market year over year 2013 over 2012 continues in Jamestown. January 2014 the home sales are up 150% over January 2013. The luxury home sale market is coming back here also.
On the rocks at Beavertail State Park
Knowing the waterfront and Jamestown RI coastal real estate area is part of the home discovery process. If you are buying or selling a home in waterfront Jamestown RI real estate, you want to understand the local real estate information. Why? Because knowing how home sales are doing gives you knowledge for any home decision you may make.
Here is the current real estate market data for Jamestown, RI provided by Ginny Lacey Gorman of RI waterfront real estate January 2014 is as follows:
Properties active and on the market: 65 (1 more home than last month)
- Single-family properties sold: 5 (17% less than last month)
- Average sales price: $ 556,000
- Median sales price: $430,000
- Sales price to list price ratio: 87%
- Average days on the market: 139
- Sales currently pending: 4
Knowing the Jamestown RI real estate market is essential if you are considering listing your home for sale or in the market to buy.
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Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market with 13 months of home inventory. In addition, the luxury $1 million home resale market commands 46% of the current home market.
- Jamestown’s home inventory increased negligibly over the prior month, days on market decreased by 21% and list price to sold price decreased to 87% from the prior month.
- Jamestown waterfront homes $1 million had 1 home sale in January.
- Breakdown of the 5 Jamestown RI homes sold as follows: 0 homes sold under $300,000, 2 homes sold between $300,000-$400,000, 2 homes sold over $400,000 and 1 home sold over $1 million.
Jamestown RI Real Estate Market Report January 2014
Jamestown is a waterfront Newport County community that enjoys private real estate on a Rhode Island hideaway island that is unique to this ocean state.
The town is known for its stunning coast line, its true island feel, one of a kind Beavertail State Park and coastal luxury living. 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 and a great small town appeal.
Are you considering buying or selling a Jamestown coastal home? Discussing your home needs is essential in this market and what I do for Jamestown RI clients. Please reach out to me, Ginny Lacey Gorman, RI coastal real estate agent, at 401.529.7849 or email me at Ginny@RiHouseHunt.com for a home market analysis. I would love the opportunity to help you in your RI home search or home sale. The Jamestown home market is showing signs of an improved real estate market.
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