Jamestown RI Real Estate Market Update

Jamestown RI Real Estate Market Update

The Jamestown Rhode Island real estate market for the month of September 2012 

is detailed here.  Jamestown continues to have a large luxury home inventory and minimal home sales.   However, the Conanicut Island of Jamestown has spectacular waterfront RI real estate on all shores and inland.    4 Jamestown home sales were as follows:

 

3 homes sold greater than $400,000

1 home sold for less than $300,000 

 

There were 93  Jamestown RI homes for sale in September which is 11 % greater homes on the market from the prior month.  Jamestown RI home sales have decreased by 2 with 4 homes sold in September.

 

The coastal Jamestown RI real estate’s shore still remains one of the more desirable waterfront buys for home searches. However, this luxury Jamestown real estate market is barely selling.

 With the median Jamestown home price at $580,000, this real estate market draws in the luxury home buyers to this Conanicut Island, aka…Jamestown RI.

 

                                                            View of Newport RI from Jamestown RI real estate

A recap of Jamestown’s home sales in September 2012 area as follows:

So in September, the average sale price of a Jamestown home was $540,250,  sold at 90% of list price and was on the real estate market on average for 234 days.

 

There was a 50% increase in number of days it took to sell a Jamestown home from August to September.

 

The Jamestown home median sale price for the month of September was $580,000, sold at 89% of list price and was on the market for 200 days.

It could be better. The numbers tell me that homes on the market are overpriced, they are not selling until the list price better reflects the buyers perception of fair market value. Buyers will reflect these numbers in their offer to purchase. If you overprice it, expect a lower offer price from the buyer.

 

7 Pending homes sales for September 2012 which is one less than the prior month.

 

There were no short sales sold in September in Jamestown.

 

There are 30 luxury waterfront Jamestown RI homes for sale (greater than $ 1 million) which is 32 % of the Jamestown real estate market.  Jamestown RI continues to have a large supply of homes for sale and the oceanfront, water front and coastal Jamestown RI homes for sale. 

If you are considering selling your Jamestown home and you would like a comparative market analysis, feel free to contact my office at 401.884.9642 or email me at RiByTheBay@gmail.com and set up an appointment.  If you are interested in buying a home in Jamestown RI, I will be happy to assist you as well and provide guidance and negotiating skills every step of the way.

 

Jamestown RI Real Estate Market Update.

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Ginny Lacey Gorman is your go to Jamestown RI agent for waterfront Jamestown RI real estate and beyond…knowing the geographic area, schools, happenings, important tidbits of information. 

Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard.  When you are in need of a good professional for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.