Jamestown RI Home Sales Update May 2014
Jamestown RI Home Sales Update as of May 31, 2014
This Jamestown RI home sale market report for May 2014 is out. Overall, the luxury Jamestown housing market is not experiencing the small uptick that other waterfront RI real estate is feeling.
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.
Here is the current real estate market data for Jamestown, RI provided by Ginny Lacey Gorman of RI waterfront real estate May 31, 2014 is as follows:
Properties active and on the market: 85
- Single-family properties sold: 8
- Average sales price: $444,000
- Sales price to list price ratio: 95%
- Average days on the market: 150
- Sales currently pending: 4
Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market. In addition, the luxury $1 million+ home sale market commands 50% of the current Jamestown homes for sale.
Year to date there were 24 homes sold as of and up to June 1, 2014 as compared to same time period in 2013, a 11% decrease, and home sale values decreased by 7% over the same period. 2014 has not been a strong year for Jamestown real estate as of yet.
- Jamestown waterfront homes had no luxury homes sold in May.
- Breakdown of the 8 Jamestown RI homes sold in May is as follows: 0 homes sold under $300,000 and 4 homes sold between $300,000-$400,000 4 homes sold for over $400,000 (but less than $1 million).
Jamestown RI Home Sales Update May 31 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.
Are you considering buying or selling a Jamestown coastal home? Discussing your home needs is essential in this RI real estate market and what an experienced marketer and agent can do for Jamestown 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 evaluation analysis or real estate guidance.
The Jamestown home market offers great waterfront, water view and walk to water real estate for all in this island community. Jamestown RI Home Sales Update May 31, 2014.