What makes the East Greenwich RI Home Sales Market
June 2013 interesting?
There is no stopping the East Greenwich RI home sales market June 2013 as it continues to be a desirable location for RI home buyers. It continues to be a strong home sales market that has rebounded from 2012.
A suburb of Providence, the commuting distance and great schools draws the home buyers here as East Greenwich RI home sales in June 2013 are up. This RI real estate market upward trend in single family home sales demonstrated by home sales greater than last year same time period by 15%.
Let us look at how East Greenwich RI home sales are selling in June, as follows:
Active homes on the market: 117 (1% increase over prior month)
Average list to sales price: 94% (down from 95% in prior month)
Average home sale price: $473,459 (4% decrease over prior month)
Pending Homes: 35 (down by 6 homes from prior month)
Single family Sold Homes: 31 (20 homes sold in May) up by 55%
East Greenwich RI Home Sales Market June 2013
In June, 31 single family sold homes, as follows: 6 homes sold for less than $300,000, 9 homes sold between $300,000-$400,000, 14 homes sold for greater than $400,000 and 2 homes sold for over $1 million. More detailed sales information is as follows:
Average home sold for $473,459 at 94% of list price and days on market was 149.
Median home sold for $415,000 at 96% of list price and days on market was 74.
East Greenwich RI Home Sales Market June 2013
Overall June was an outstanding month for East Greenwich home sales. Home inventory has increased by a mere 1% . We saw an increase on average days on market and homes sales prices decreased by 4%. A 55% increase in home sales in June over May is huge. However, we now have a true balanced real estate market here (neither a buyers or sellers market) with barely 5 months of home inventory.
Comparing East Greenwich RI home sales for the month of June 2012 compared to June 2013 showed an increase in home sales by 15%. Home prices are up by 5% over the same period of time. The East Greenwich RI home sales market is a sellers market right now with less than 4 months of home inventory on the market!
East Greenwich RI Home Sales June 2013
Why do people live in the community of East Greenwich RI? Within the Kent County community this suburban town is noted
for fine homes, great public schools, it is near shopping areas and there is easy highway access. Its closeness to Providence airport and the capitol makes East Greenwich a choice town for commuters.
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.
Looking for a home in East Greenwich RI? Interested in homes for sale in East Greenwich? Call me and let me take the stress out of finding the right neighborhood to live in. 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.
Call me to explore the neighborhoods of East Greenwich and to find the right area for you at 401.529.7849 or email me at Ginny@RiHouseHunt.com. I would love the opportunity to help.
East Greenwich RI Home Sales Market June 2013.
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