Jamestown RI Real Estate Market Report March 2014
This Jamestown RI real estate market is feeling a decline in home sales March 2014 although for the first
Beavertail light house
quarter of 2014 home sales are up 56% over first quarter 2013 here. Yet home sales in Jamestown for March 2014 are down 71% over February. The winter freeze on home sales just has not passed this town by yet.
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 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 March 2014 is as follows:
Properties active and on the market: 66 (1 more than prior month)
- Single-family properties sold: 2 (71% less than prior month)
- Average sales price: $ 368,000
- Median sales price: $368,000
- Sales price to list price ratio: 92% (down from 95% in prior month)
- Average days on the market: 198
- Sales currently pending: 2 (up by 2 home over prior 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.
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Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market with many months of home inventory. In addition, the luxury $1 million home resale market commands 44% of the current Jamestown home market. This month luxury home sales are not happening in this community.
- Jamestown’s home inventory increased by 1 home over the prior month, days on market increased by 1 month and list price to sold price decreased substantially due to only 2 homes selling.
- Jamestown waterfront homes had no luxury homes sold in March.
- Breakdown of the 2 Jamestown RI homes sold as follows: 0 homes sold under $300,000 and 2 homes sold between $300,000-$400,000.
Jamestown RI Real Estate Market Report March 2014
The Jamestown RI town attractions
Jamestown is a waterfront Newport County Rhode Island community that enjoys private real estate on a hideaway island that is so unique to this ocean state.
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.
Are you considering buying or selling a Jamestown coastal home? Discussing your home needs is essential in this market and what I can 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 evaluation analysis. I would love the opportunity to help you in your RI home search or home sale. The Jamestown home market is stalled but spring and an improved real estate market is ahead for this island community.
Jamestown RI Real Estate Market Report March 2014
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