The East Greenwich RI home sales market for August 2014 is showing a decline in home sales with sales down 25% over the prior month.
The 2014 East Greenwich real estate market, as we enter the fall months, is showing a 29% decrease in home sales so far this year and way behind 2013.
A suburb of the city of Providence, commuting distance to the big city and top rated East Greenwich schools draws the home buyers here. This RI real estate market’s strong yearly trend in single family home sales was demonstrated in 2013.
Let us look at how this East Greenwich home sale market is doing this month of August:
Active homes on the market: 145
Average list to sales price: 97%
Average home sale price: $517,000
Pending Homes: 9
Single family Sold Homes: 28
In August, 21 single family homes sold as follows: 4 homes sold for less than $300,000, 3 homes sold between $300,000-$400,000, 13 homes sold for greater than $400,000 and 1 luxury home sold for over $1 million. A better rebound in the over $400,000 home market is evident in East Greenwich.
More detailed East Greenwich August home sales information to follow:
Average home sold for $517,000 at 97% of list price and days on market was 76.
Comparing East Greenwich RI real estate sales year to date 2014 over year to date 2013 through August, a 29% decrease in home sales resulted. Yet, home sale prices are up by 4% over the same time period in 2014 over 2013 through August which is a continued favorable trend as the higher end homes are being sought after by buyers.
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. Its closeness to the Providence airport and the capitol of RI makes East Greenwich a choice town for commuters.
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.
~~~~~~~~~~~~~~~~~~~
Comments(7)