Jamestown RI Real Estate Market May 2013
This Jamestown RI real estate market May 2013 is moving ahead with home sales…seems the hare is definitely passing the tortoise market of last month.
Knowing the waterfront and Jamestown RI coastal real estate area is part of the 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.
Here is the current real estate market data for Jamestown, RI provided by Ginny Lacey Gorman of RI waterfront real estate May 2013 is as follows:
- Properties active and on the market: 80
- Single-family properties closed in May 2013: 9
- Average sales price: $ 871,425
- Median sales price: $ 463,333
- Sales price to list price ratio: 93%
- Average days on the market: 145
- Sales currently pending: 14
-
Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market! Just over 8 months of home inventory exists at present.
- Jamestown’s home inventory decreased by 2 homes over the prior month, days on market increased by 5 days and list price to sold price decreased by 1%. However, home sales are up by 13% over the prior month. Jamestown waterfront homes are selling too.
- Breakdown of the 9 Jamestown RI homes sold in May is as follows: 2 homes sold less than $300,000 and 1 home sold between $300,000- $400,000, 4 homes sold over $400,000 and 2 homes sold over $1 million. In May, there was increased interest in the Jamestown RI coastal real estate market again. The over $400,000 home generated the buyers interest since most houses are in that price range and over. Pending home sales increased by 40% over April which is a promising real estate sign.
Jamestown RI Real Estate Market May 2013
Still May 2013 Jamestown’s real estate market had a dramatic increase in sales over the prior year’s May’s sales- up by 7 homes. Realize that last May 2012 was a sleeper month. The real gain is the increase over April’s sales numbers. However, the Jamestown luxury home sale market is moving again.
Jamestown is a waterfront Newport County community. It is known for its stunning coast line, its island feel, Beavertail State Park and coastal luxury living. It is a higher end community of homes due to its geography especially. The Jamestown RI real estate market May 2013 report gives you the true picture of the landscape in Jamestown home sales.
Are you considering buying a Jamestown coastal home or interested in selling your home? 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 free market analysis. I would love the opportunity to help you in your home search or home sale. Discussing your home needs is essential in this market. Let my online real estate sales exposure program work well for you! Jamestown RI Real Estate Market May 2013.
View Jamestown RI 02835 in a larger map
~~~~~~~~~~~~~~~~~~~~~~~~~~
