Jamestown RI Home Sale Report July 2014
This Jamestown RI mid year real estate report as of July 2014 shows a disappointing home sale market. The home sales market for January – July 2014 shows a 9% decrease in Jamestown home sales and a 2% drop in home prices as compared to the same time period in 2013. Overall, the luxury Jamestown housing market has been slowly selling in 2014 in waterfront RI real estate.
Knowing the waterfront Jamestown area is part of the discovery process when home searching. If you are buying or selling a home in waterfront Jamestown RI real estate this information here will guide you.
Here is the current real estate market data for Jamestown, RI provided by Ginny Lacey Gorman of RI waterfront real estate through July 2014:
Properties active and on the market: 95
- Single-family properties sold: 5
- Average sales price: $707,000
- Sales price to list price ratio: 94%
- Average days on the market: 67
- Sales currently pending: 2
Jamestown’s home absorption rate is still attempting to get out of a Buyer’s real estate market with many months of home inventory (especially luxury homes). In addition, the luxury $1 million+ home sale market commands a high percentage of the current Jamestown market.
- Breakdown of the 5 Jamestown RI homes sold in July is as follows: 1 home sold under $300,000 and 1 home sold between $300,000-$400,000, 2 homes sold for over $400,000 (but less than $1 million) and 1 home sold for over 2 million dollars.
Jamestown is a waterfront Newport County Rhode Island community that enjoys private real estate on a hideaway island that is unique to this ocean state.
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 clients. Please reach out to me, Ginny Lacey Gorman, RI coastal real estate agent, at 401.529.7849 or email me at RiByTheBay@gmail.com for a home evaluation analysis.
I would love the opportunity to help you in your RI home search or home sale. Jamestown RI Home Sale Report July 2014.
Coastal, water view, ocean front, luxury and waterfront Rhode Island real estate are my specialty. If you are considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!