Jamestown RI Market Update | Real Estate October 2012

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

Jamestown RI Market Update | Real Estate October 2012  

Jamestown RI Market Update | Real Estate October 2012. Looking for the current real estate statistics on this quiet Jamestown RI and all the homes it has to offer you?  The Jamestown Rhode Island real estate market for the month of October 2012 is shared here.

Search for Jamestown RI homes for sale- real estate

The Conanicut Island of Jamestown has spectacular waterfront RI real estate on all coasts and inland property.  It has Beavertail State Park to enjoy with the beacon of a lighthouse to warn all wary seafarers.  So let us look at how home sales are going recently in this picturesque and desirable town.

7 Jamestown home sales were as follows October 2012:

     7 homes sold greater than $400,000

Jamestown RI Market Update | Real Estate October 2012

There were 82  Jamestown RI homes for sale in October which is 12 % less homes on the market from the prior month.  Jamestown RI home sales increased by 3 with 7 homes sold.  This is a waterfront real estate location that commands more luxury priced homes.

The coastal Jamestown RI real estate shore still remains one of the more desirable oceanfront buys for RI home searches. However, this luxury Jamestown real estate market continues to struggle with home sales.  The high end luxury market is just not in demand at current prices.

 Beavertail Waterfront Jamestown RI real estate

Capture the Waterfront RI Real Estate View

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

Ocotober showed 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. 

 Jamestown RI Market Update | Real Estate October 2012

It could be better. The numbers tell me that homes on the market are a bit 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 it, expect a lower offer price from the buyer.

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

There are 27 luxury waterfront Jamestown RI homes for sale (greater than $1 million) which is 33% of the town’s real estate market.  This town island continues to have a large supply of homes for sale and the oceanfront, water front and coastal Jamestown RI homes for sale. 

If you are considering selling your Jamestown home and you would like a comparative market analysis, feel free to contact me at 401.529.7849 or email me at RiByTheBay@gmail.com to set up an appointment.  I would love the opportunity to help.  If you are interested in buying a home, I will be happy to assist you as well and provide guidance and negotiating skills every step of the way.  Jamestown RI Market Update | Real Estate October 2012.  


Ginny Lacey Gorman is a waterfront Rhode Island Real Estate Agent who works and knows the Jamestown RI geographic area of homes for sale, schools, happenings and important tidbits of information well.

Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are my specialty.  If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    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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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny...expensive marketplace.... sales will improve when prices become more realistic...all marketplaces have experienced it...

Nov 14, 2012 07:52 PM #1
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

Your report reflects what is happening in more expensive marketplaces. You are right sales will happen when prices are more realistic! Sellers need to look at the numbers through the buyers eyes..they will not over pay for a property.

Nov 14, 2012 08:11 PM #2
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: It looks like the pendings will keep the November numbers from dipping...good market report for Jamestown RI.

Nov 14, 2012 08:12 PM #3
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Good market report for the Jamestown area. I hope to see a better report in January.

I hope sales pick up and the selling prices increase. Consumer confidence is up in the housing markets.

Have a great day selling in the North Kingstown area.

Best, Clint McKie 

Nov 14, 2012 09:29 PM #4
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, Jamestown is so nice, amazing only 7 homes sold in October.     Maybe due to the seasonal nature of the business?

Nov 15, 2012 03:40 AM #5
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny Jamestown was one of my favorite places to go to when I skipped school :)

Hope my kids don't read that ........... LOL

Nov 15, 2012 07:39 AM #6
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Ginny, those 202 days it takes doesn't seem to bad to get 92% of your asking price.  I can only guess that the Jamestown waterfront are mostly 2nd homes? 

Nov 15, 2012 12:38 PM #7
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

This is a real estate market really for higher end buyers but there are some hight $300k homes to find...waterfront is a mixture of second homes & primary actually.  Since it is waterfront RI real estate the price and desired location needs to be right.

Nov 15, 2012 07:52 PM #8
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Hello Ginny,Jamestown is definitely a great place to live in.Thanks for the update! Best of luck to you and stay number one North Kingstown Short Sale Agents.


Nov 21, 2012 12:23 PM #9
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
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