East Greenwich RI Home Sale Market Report February 2014

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4dtM

East Greenwich RI Home Sale Market Report February 2014

 

 In 2013 from 2012 East Greenwich real estate saw a 3% home sales price increase.  What will 2014 bring in the housing market here?  It is too early to tell but this winter put a crimp on home buying activity and inventory stayed low.

A stunning suburb of the city of Providence, commuting distance to the big city and top rated schools draws the home buyers here.   This RI real estate market’s strong yearly trend in single family home sales was demonstrated in 2013 and home sales this month have slipped by 33% from the prior month.  The wintry weather has hampered home buyers in their search but remember spring will bring the buying opportunities.

East Greenwich RI Real Estate Market February 2014

Let us look at how this market is doing this month:

Active homes on the market: 85

Average list to sales price: 94%

Average home sale price: $413,000

Median home sale price:  $335,000 Pending Homes:  14 (equal to last month's pending home sales)

Single family Sold Homes: 6 (33% drop in home closings over prior month)

In February, 6 single family homes sold, as follows:  3 homes sold for less than $300,000, 0 homes sold between $300,000-$400,000 and 3  homes sold for greater than $400,000.  No homes sold for over $1 million.  It is a buyers market right now in this community.  

East Greenwich RI Real Estate Market February 2014

More detailed East Greenwich February home sales information to follow:

            Average home sold for $413,000 at 94% of list price and days on market was 74.  The average home sale price has increased here.  Home inventory rose by a modest 8%.  Median home sold for $345,000 at 94% of list price and was on the market for only 45 days prior to an agreement.  It shows here that the East Greenwich home market is very tight.

Comparing East Greenwich RI real estate sales year over year February 2013 over 2012, showed an decrease in home sales by 60%.  This is due to lack of inventory that is well priced as well as the weather.  Home prices are up by 3% over the same time period.

Rhode Island real estate projections are anticipated to be slowing for 2014.  However, East Greenwich has remained one of the stronger home markets and I expect this to continue this year.

East Greenwich RI Real Estate Market February 2014 

 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.  Noted for its choice of restaurants outside of Providence as well as marinas for boating enthusiasts.
 
Looking for a home in East Greenwich RI?  Interested in homes for sale in East Greenwich?   As an East Greenwich RI real estate specialist, I provide you insight, neighborhood information and choices for your next move.  Let me do a more in depth analysis into what is happening in the market at your price point as well as surrounding towns.
 
What are the neighborhoods like in East Greenwich?  Such choices of neighborhoods to explore from the historic Hill and Harbor to the subdivisions off of Division Street.  From coastal condos to horse farm country living to neighborhoods, there are   many choice areas to explore and appreciate.
 
Looking to buy an East Greenwich home?   The neighborhoods of East Greenwich are unique to each other and real estate guidance is essential here.  To find the right area for you, please reach out to me at 401.529.7849 or email me, Ginny Lacey Gorman, at ginny@RiHouseHunt.com.

East Greenwich RI Real Estate Market February 2014 shares current home sale market information useful to homeowners and potential buyers.  Stop by every month for the newest in real estate information.

originally posted at East Greenwich RI Real Estate Market February 2014 by Ginny Lacey Gorman of RI coastal real estate.

~~~~~~~~~~~~~~~~~~~

 Ginny Lacey Gorman is your go to Rhode Island waterfront Realtor® for real estate in East Greenwich RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  
 
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  So feel free to search for RI Homes for Sale.  When you are in need of a true real estate professional for your buying, selling or relocating needs and an internet savvy Realtor® who sells RI houses in this real estate market call Ginny 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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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

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Show All Comments
Rainmaker
3,832,772
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,

Thanks for keeping us and your consumers updated on the East Greenwich RI Real Estate Market! Hopefully in 2014 it will become a more balanced market which is always the best real estate environment!

Mar 18, 2014 10:10 PM #1
Rainmaker
651,152
Bobbie Smith
Stroudsburg, PA
570-242-1891

Ginny, Glad to see the SLP ratio is doing so well and so many up numbers considering the hampering of the winter weather on sales and listings. HOpefully as the weather improves, the numbers will improve even more. Good Luck!

Mar 18, 2014 10:29 PM #2
Rainmaker
1,570,174
David Saks
(retired) - Memphis, TN

Fine report. Lots of great information. Have a terrific day ahead,

Mar 18, 2014 10:44 PM #3
Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

With 85 homes on the market in East Greenwich. There should be that perfect home for any buyer.

Have a great day in North Kingstown.

Best, Clint McKie

Mar 18, 2014 11:32 PM #4
Rainmaker
4,108,884
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, it has been a rough winter season for the East coast and the real estate markets are showing signs of this.   Hope spring is around the corner!

Mar 19, 2014 12:30 AM #5
Ambassador
3,823,858
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny that is a big drop in sales from January, let's hope for a better March.

Mar 19, 2014 05:44 AM #6
Rainmaker
475,425
Christine Pappas - REALTOR®
eXp Realty - Willoughby, OH
eXp Realty - Because Experience Matters

Excellent detailed report for East Greenwich RI Home Sale Market Report February 2014. Shows your local knowledge as an East Greenwich real estate expert. Keep up the great work. 

Mar 19, 2014 10:17 AM #7
Rainmaker
331,048
Bruce Swedal
Denver, CO
Denver Real Estate

Great report on the market activity in the area. Love the way you presented it. Anyone thinking of buying or selling in the area should definitely give you a call.

Mar 19, 2014 01:57 PM #8
Rainmaker
2,268,886
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. Inventory is a problem all over the country, but hopefully you get all the listings and sales you need to accomplish your goals.

Mar 19, 2014 09:13 PM #9
Rainmaker
99,766
Laura Andersen
Keller Williams Realty Partners ~ 678.462.1191 agentandersen@gmail.com - Woodstock, GA
A HomeSOLD Name (678)462-1191 Woodstock, Georgia

They just featured Greenwich on the news this week as some of the most expensive real estate values in the country.  $$$

Mar 19, 2014 10:11 PM #10
Rainmaker
4,108,884
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, you show you are the expert to call when buyers are looking in East Greenwich.  

Mar 22, 2014 01:07 AM #11
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Rainmaker
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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