Home Summary Statistics and Market Analysis in Westerly RI

By
Real Estate Agent with Keller Williams Central Rhode Island Licensed in RI: 35311

Home Summary Statistics and Market Analysis in Westerly RI for the Last 24 Months in Detail


Real estate market data for Westerly, RI provided by Allison Bernard of Keller Williams Realty RI.

 


Westerly Home Summary Statistics and Market Analysis

 

We have seen 24 straight months of listing price peaks and valleies with not much change on Home Summary Statistics and Market Analysis in Westerly but property is selling faster.  If you are considering buying a home make faster decisions on a house in Westerly and having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Westerly home on which you are making an offer.

If you are interested in how much current inventory is on the market in Westerly you can find that information by clicking on the link. Low inventory will suggest that homes are moving off the market in a shorter time. Currently in this area of Washington County, homes have a median time of 75 days on the market before they sell. This would suggest that buyers are must make a conservative offer on a home. Sellers may be to pricing their home aggresively. Although low inventory in Westerly has multiple offers coming in on homes similar to what we saw back in 2007. Low inventory is one indicator that prices should continue to rise. 

 

 

Home Prices in Westerly

 

 

 

Redmond Real Estate Market Reports

Westerly Real Estate Report Summary


The median list price in July for single family homes in Westerly is $295,000. The list prices increased by 0.84% from the previous month.

The median price per square foot for listings in this area is $189.

The median sale price in August for single family homes is $245,000. The sale prices dropped by -0.71% from the previous month.

The price per square foot for sales in this area is $169.

(this is a general analysis.  When looking at a particular property we will further break this analysis down by type of home, lot size, number of bedrooms and many other factors).


Find The Newest Homes for Sale in Westerly RI

Visit my website to or to be notified when Westerly homes come on the market.

To find out what you home is worth in the current market check this FREE and easy home market analysis tool out or call 401-533-6916.

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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Allison interesting market report and a noticeable difference between median listing price and median selling price. Some homes starting out priced too high

Aug 01, 2014 10:02 PM #1
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Allison Bernard
Keller Williams Central Rhode Island - East Greenwich, RI
Real Estate & Relocation Services 401-533-6916

Ed: It is because the median list price happens to be quite high as well in this area.  

Aug 04, 2014 08:44 PM #2
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Nice presentation ! Good news for this blog post -  http://actvra.in/4hVj

Aug 06, 2014 07:53 PM #3
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Allison Bernard

Real Estate & Relocation Services 401-533-6916
Call Allison Bernard Rhode Island REALTOR 401-533-6916
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