East Greenwich RI Home Sales May 2013
The East Greenwich RI home sales for May 2013 is still on an upward home sale trend. A suburb of Providence, the commuting distance and great schools draws the home buyers here as East Greenwich RI home sales in May 2013 are up. This RI real estate market in single family home sales demonstrated by the home sale figures with sales less than last year same time period.
Let us look at how East Greenwich RI home sales are selling in May, as follows:
Active homes on the market: 116 (5% increase over April 2013)
Average list to sales price: 95% (up from 94% from prior month)
Average home sale price: $494,700 (38% increase from April)
Pending Homes: 41 (up from 27 prior month)
Single family Sold Homes: 20 (15 homes sold in April)
East Greenwich RI Home Sales May 2013
In May, 20 single family sold homes, as follows: 6 homes sold for less than $300,000, 2 homes sold between $300,000-$400,000, 11 homes sold for greater than $400,000 and 1 home sold for over $1 million. More detailed sales information is as follows:
Average home sold for $494,700 at 95% of list price and days on market was 105.
Median home sold for $473,000 at 95% of list price and days on market was 64.
East Greenwich RI Home Sales May 2013
Overall May was a good month for East Greenwich home sales. Home inventory has increased by a mere 5% . We saw a decrease on average days on market and homes sales prices increased by 38%! A 33% increase in home sales in May over April is huge and homes awaiting closing (pending) increased by 52% over April). However, we now have a true balanced real estate market here (neither a buyers or sellers market) with 5 months of home inventory.
Comparing East Greenwich RI home sales for the month of May 2012 compared to May 2013 showed a decrease in home sales by 13%.
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 May 2013.
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