What is Happening with the Jamestown RI Real Estate Market?

Jamestown RI Real Estate Market Update

 

   The Jamestown RI Rhode Island real estate market for the month of October 2012 is detailed in this recap.

 

Jamestown continues to have a large luxury and coastal home inventory.   Still the Conanicut Island of Jamestown has spectacular coastal RI real estate on all shores to consider and enjoy.

7 Jamestown homes sold in October were as follows:

7 homes sold greater than $400,000

Yes, this is a higher priced real estate market to buy into but there are always real estate finds to be bought.

There were 82  Jamestown RI homes for sale in October which is 10 % fewer homes on the market from the prior month.  Jamestown RI home sales were equal to the number of sold homes 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 hardly selling.

 With the median Jamestown home price at $530,000 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

What is Happening with the Jamestown RI Real Estate Market?

A recap of Jamestown’s home sales in October 2012 is as follows:

So in October, the average sale price of a Jamestown home was $567,714,  sold at 92% of list price and was on the real estate market on average for 202 days.

The Jamestown home median sale price for the month of October was $530,000, sold at 93% of list price and was on the market for 162 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 a home, expect a lower offer price from the buyer.

7 Pending homes sales for October 2012 which is equal to the prior month pending homes.

 

There were no short sales sold in October in Jamestown.

 

There are 19 luxury waterfront Jamestown RI homes for sale (greater than $ 1 million) which is 23 % of the active Jamestown homes for sale.  Jamestown RI continues to have a large supply of homes for sale along its coastline.

 

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.

What is Happening with the Jamestown RI Real Estate Market?

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Ginny Lacey Gorman is your go to Jamestown RI Realtor 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 agent and marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.