East Greenwich RI Real Market Report - Year End.
12 East Greenwich RI homes sold in December 2011, as follows:
7 homes sold over $400,000
2 homes sold between $300,000-$400,000
3 homes sold for under $300,000
There were 117 East Greenwich RI homes for sale in December 2011 which was a 3% decrease over November homes for sale.
The numbers of East Greenwich RI homes for sale, price range of homes sold and real estate trends from month to month for East Greenwich neighborhoods that may be on your horizon are shared here. The number of East Greenwich RI sold homes doubled over November (from 6 to 12). Interestingly enough, the top homes sold continue to be the homes over $400,000. Again when location, condition and price for a home is right the homes are selling in this East Greenwich real estate market!
Be aware that the absorption rate for homes on the market is still very much a buyers market and has a long way to go before we see a balanced real estate market.
East Greenwich has consistently been the top or in the top two public school systems academically in Rhode Island. When buyers are looking for top rated schools, buyers consider East Greenwich RI as one of their South County towns to buy real estate.
There are 8 homes in pending status in East Greenwich RI. To be in ‘pending’ status is to be awaiting the closing of the home, i.e. there is a signed purchase and sales agreement on the home.
Overall 127 East Greenwich homes were sold in 2011.
- Average East Greenwich home sold for $444,557
- Homes were on the market for 121 days
- Homes sold for 95% of list price
- East Greenwich had a 8% drop in the number of home sales in 2011 over 2010
As you can see 29% of the 2011 homes sold were under $300,000, 14% were $300,000-$400,000 and 57% were over $400,000 in 2011 East Greenwich real estate. True to the area, higher priced homes command the market.
Mortgage rates are remaining low. If you are exploring East Greenwich neighborhoods such as Pine Glen or Frybrook or the many others that are of interest, please give me a call at 401.529.7849 and let my East Greenwich RI real estate know how and expertise of the area work for you the consumer. East Greenwich RI 02818 Real Estate Market Report for Year End.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the East Greenwich RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.