Jamestown RI Real Estate Market Report April 2014
This Jamestown RI real estate market is feeling an uptick in home sales this April 2014 with the first quarter of 2014
Beavertail State Park
home sales up 29% over first quarter 2013 here. Home sales in Jamestown for April 2014 are up 300% over prior month. Smaller volumes here show bigger increases, however.
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 April 2014 is as follows:
Properties active and on the market: 81 ( 23% more than prior month)
- Single-family properties sold: 8 (300% more than prior month)
- Average sales price: $574,000
- Median sales price: $436,000
- Sales price to list price ratio: 95% (up from 93% in prior month)
- Average days on the market: 133
- Sales currently pending: 1 (down by 1 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 sale market commands 50% of the current Jamestown homes for sale.
- Jamestown’s home inventory increased by 15 homes over the prior month, days on market decreased by 65 days and list price to sold price increased to 95%.
- Jamestown waterfront homes had one luxury homes sold in April.
- Breakdown of the 8 Jamestown RI homes sold as follows: 0 homes sold under $300,000, 3 homes sold between $300,000-$400,000 4 homes sold for over $400,000 (but less than $1 million) and 1 luxury home sold for over $1 million.
Jamestown RI Real Estate Market Report April 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 moving again as we head towards summer and an improved real estate market is ahead for this island community.
Jamestown RI Real Estate Market Report April 2014
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