East Greenwich RI Real Estate Happenings May 2014
The East Greenwich RI home market in May 2014 is showing a slower home sale market this year. In fact, sales are down year to date 72% from last year.
A stunning suburb of the city of Providence, commuting distance to the big city and top rated schools draws the home buyers here. This East Greenwich RI real estate market’s strong yearly trend in single family home sales was demonstrated in 2013. Home sales this month have increased by 150% over the prior month but April was such a poor sales month to compare to. Yet this uptick is welcomed here.
Let us look at how this East Greenwich home sale market is doing this month:
Active homes on the market: 130
Average list to sales price: 95%
Average home sale price: $473,000
Pending Homes: 25
Single family Sold Homes: 15
In May, 15 single family homes sold as follows: 4 homes sold for less than $300,000, 3 homes sold between $300,000-$400,000, 7 homes sold for greater than $400,000 and 1 home sold for over $1 million.
East Greenwich RI Real Estate Happenings May 2014
More detailed East Greenwich May home sales information to follow:
Average home sold for $473,000 at 95% of list price and days on market was 135 (a huge increase).
Median home sold for $440,000 at 96% of list price and was on the market for 131 days prior to a sales agreement.
Comparing East Greenwich RI real estate sales year to date 2014 over year to date 2013 through May, a 72% decrease in home sales resulted. Home prices are up by 1% over the same time period in 2014 over 2013.
Why do people move to this community of East Greenwich RI? Within Kent County this suburban town is noted for fine homes, great public schools, being near shopping malls and there is easy highway access.
Considering Relocating to East Greenwich? Find out why so many home buyers choose it. 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? As an East Greenwich RI real estate specialist, I provide you insight, neighborhood information and choices for your next move.
East Greenwich RI Real Estate Market May 2014 shares current home sale market information for homeowners and buyers. Stop by every month for the newest in East Greenwich RI real estate information.
originally published at East Greenwich RI Real Estate Market May 2014 at RI coastal real estate by Ginny Lacey Gorman.
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