Jamestown RI Real Estate Update February 2014

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

Jamestown RI Real Estate Update February 2014

 

This Jamestown RI real estate market is feeling the steady run in February 2014 home sales in spite of the wintry weather.  Jamestown RI Real Estate Market Report February 2014 

improved single family home sale market year over year 2013 over 2012 continues in Jamestown.  February 2014 the home sales are up 133% over February 2013.

The luxury home sale market is coming back here also as the multi million dollar homes sell again. Knowing the waterfront and Jamestown RI coastal real estate area is part of the RI home discovery process.

 If you are buying or selling a home in waterfront Jamestown RI real estate, you want to understand the local real estate information Why? Because knowing how home sales are doing gives you knowledge for any home decision you may make.

Here is the current real estate market data for Jamestown, RI provided by Ginny Lacey Gorman of RI waterfront real estate February 2014 is as follows:

Properties active and on the market65 (same as prior month)                            

  • Single-family properties sold: 7 (40% more than prior month)
  • Average sales price: $ 1,344,000
  • Median sales  price: $830,000
  • Sales price to list price ratio: 95%
  • Average days on the market: 168
  • Sales currently pending: 1 (down 75% over prior month)

Knowing the Jamestown RI real estate market is essential if you are considering listing your home for sale or in the market to buy.

  • Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market with 9 months of home inventory.  In addition, the luxury $1 million home resale market commands 43% of the current Jamestown home market.  A significant slice of the homes for sale pie.

     
  • Jamestown’s home inventory did not increase over the prior month, days on market increased and list price to sold price increased substantially due to the 2 waterfront Jamestown properties that sold.
  • Breakdown of the 7 Jamestown RI homes sold as follows:   0 homes sold under $300,000, 2 homes sold between $300,000-$400,000, 3 homes sold over $400,000 and 2 homes sold over $1 million.  

Jamestown RI Real Estate Market Report February 2014

Jamestown RI Real Estate Market Report February 2014

Jamestown is a waterfront Newport County Rhode Island community that enjoys private real estate on a hideaway island that is so unique to this ocean state.

The town itself is known for its stunning coast line,  its true island feel, one of a kind Beavertail State Park and coastal luxury living by the locals.  It is a higher end community of island homes due to its geography between the towns of  Newport and North Kingstown.  The island itself is called Conanicut Island and has working farms on it, stunning landscapes of the ocean and coastlines to admire yet a small town appeal.

Are you considering buying or selling a Jamestown coastal home?

Discussing your home needs is essential in this market and what I can do for Jamestown RI clients.  Please reach out to me, Ginny Lacey Gorman, RI coastal real estate agent,  at 401.529.7849 or email me at Ginny@RiHouseHunt.com for a home market analysis.

I would love the opportunity to help you in your RI home search or home sale.    The Jamestown home market is showing signs of an improved real estate market which is good news for this housing market.  

 View Jamestown RI 02835 in a larger map

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

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Ginny Lacey Gorman is your go to Jamestown, Rhode Island waterfront real estate agent … Email me at ginny@RIHouseHunt.com to make an appointment to find the home of your dreams too!
 
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 real estate professional and specialist 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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Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Around here the homes average days on the markets are bout 50 days. Your areas seem to be a bit higher than the national norm.

Have a good day in North Kingstown.

Best, Clint McKie

Mar 27, 2014 10:24 PM #1
Rainmaker
331,048
Bruce Swedal
Denver, CO
Denver Real Estate

Love the approach you take and the insight to the market that you provide in your market reports. Great information that any area buyer seller would love having. They should definitely give you a call.

Mar 28, 2014 12:00 AM #2
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny, Jamestown is one of my favorite locations in RI, so I am happy to read your positive news on the housing market in Jamestown.  Hope this trend continues.

Mar 28, 2014 01:35 AM #3
Rainmaker
4,079,154
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, great spring forecast for the Jamestown market, and hope your winter is over!

Mar 28, 2014 02:04 AM #4
Rainmaker
241,564
Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Hi Ginny ... Jamestown looks as though the market is coming back and doing well. I enjoyed reading your report.  Thank you!

Mar 28, 2014 03:45 AM #5
Rainmaker
474,682
Christine Pappas - REALTOR®
eXp Realty - Willoughby, OH
eXp Realty - Because Experience Matters

Ginny, another great report showing your expertise and knowledge in the Jamestown RI Real Estate market  

Mar 28, 2014 04:43 AM #6
Rainmaker
2,302,722
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: You do such a fantastic job of keeping your local RI readers informed about the latest real estate information in their communities...kudos to you!

Mar 28, 2014 05:52 AM #7
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. That is a serious average sale price and that the properties are selling at 95% of the listing price is also a good sign. Great job with your report, as usual.

Make it a great weekend!

Mar 28, 2014 10:13 PM #8
Rainer
346,117
Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Ginny, these are great numbers and an easy to read market report. I hope you receive lots of clicks and leads from it!

Mar 29, 2014 07:25 AM #9
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hi Ginny, thanks for Jamestown RI Real Estate February market report. Impressive work as always. Everything still looks to be in place. Wishing you all the best! Continue Being a top notch North Kingstown short sale agent.
Apr 12, 2014 12:39 AM #10
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Rainmaker
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
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