East Greenwich RI Real Estate Report | February 2013
The East Greenwich RI real estate market shows improvement in single family home sales demonstrated by the home sale statistics generated for February 2013. Let us look at how homes are selling this past month, as follows:
Active homes on the market: 94
Pending Homes: 16 homes
Sold Homes: 15 single family
East Greenwich RI Real Estate Report | February 2013
In February, 15 single family sold homes, as follows: 4 homes sold for less than $300,000, 4 homes sold between $300,000-$400,000 and 7 homes sold for greater than $400,000. More detailed sales information is as follows:
Average home sold for $433,515 at 96% of list price and days on market was 133.
Median home sold for $365,000 at 95% of list price and days on market was 82.
East Greenwich RI Real Estate Report | February 2013
Overall February was a good selling month for East Greenwich homes despite the impact of the Blizzard of 2013. Home inventory has decreased by 10% . We saw an increase on average days on market, sales price rose and sales price to list price also increased. Overall, a good sales month for sellers. However, we continue to have a true balanced real estate market here (neither a buyers or sellers market).
Comparing East Greenwich RI real estate home sales for the month of February 2012 compared to February 2013 showed a 50 % increase in real estate home sales. A continued upswing in home sales and prices which is wonderful to report.
Why do people live in the community of East Greenwich RI? Within the Kent County community this suburban town is noted
for fine homes, East Greenwich schools, it is near shopping malls and easy highway access. Its closeness to Providence airport and the capitol city 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 one for you at 401.529.7849 or email me at RiByTheBay@gmail.com. I would love the opportunity to help. East Greenwich RI Real Estate Report | February 2013.
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