East Greenwich RI Real Estate Market Report - Year End

Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

East Greenwich RI real estate & water view

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

East Greenwich RI 2011 Home Sold graph

 As you can see 29% of the 2011 homes sold were under $300,00014% 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 marketcall Ginny today at 401.529.7849.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice


Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.


Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!


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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, This is a nice market report. Buyers and sellers should call you to buy or sell a home in East Greenwich RI.

Jan 11, 2012 11:01 PM #1
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Love the image and you have me thinking sea food. For breakfast. Wonder if they make lobster, crab or clam flavored pop tarts.....(smile)

Jan 11, 2012 11:05 PM #2
Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Your numbers tell an interesting story for your local market, especialy given the high percentage of homes sold in the $400,000 range. It appears the buyers are taking advantage of the historical low interest rates and moving up.

Jan 11, 2012 11:23 PM #3
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: You are clearly the East Greenwich RI real estate expert.  Excellent consumer information and best wishes for many sales in this community in 2012.

Jan 11, 2012 11:34 PM #4
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I am actually envious of your sale prices!  Wish East Greenwich could share some love :)  HAHA!  Great market reports Ginny!

Jan 11, 2012 11:39 PM #5
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Gita, many thanks & get those pics in the blog..

Andy, hmm i've had lobster for breakfast but alas i was a lobsterman's wife...now i can't eat it i ate so much of it at one time.

Emily, this is a distinct community that does have higher end homes and is very attractive because of a great school system and proximity to airport and Providence.  thanks

Anita, hopefully important to sellers who need to know about their real estate.

Renee, thank you again for the chart help & i'm sending some of those good prices your way!

Jan 12, 2012 12:10 AM #6
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

This is a very thorough market report for East Greenwich. You are the gal to call, for sure!

Jan 12, 2012 01:31 AM #7
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Ginny - you are the Realtor to call for anyone thinking of selling or buying in East Greenwich RI - nice market report.

Jan 12, 2012 01:51 AM #8
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Ginny - location, location, location.... You definately are the agent to call in East Greenwhich when it comes to listing and selling homes. :)

Jan 12, 2012 04:28 AM #9
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Melissa, I'm working at being the trusted realtor...may not sell the most but the client will be assured their representation comes first!

Kristine, thanks!

Petra, east greenwich real estate is wonderful & costs more because of the size & quality...

Jan 12, 2012 06:10 AM #10
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Ginny, love the new graphs you're using in your market reports!  You're definitely the real estate agent to call for East Greenwich property.

Jan 12, 2012 07:34 AM #11
Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents - Monument, CO
Angel Realty, LLC

Excellent year end market update! Loved the picture. The graphs are a great touch and make the update easier to read and comprehend. A great plus for clients looking to enlist the services of the North Kingston short sale agent to call. Thanks for sharing.

Jan 12, 2012 02:57 PM #12
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
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