East Greenwich RI Real Market Report - Year End.

12 East Greenwich RI homes sold in December 2011, as follows:

7 homes sold over $400,000

2 homes sold between $300,000-$400,000

3 homes sold for under $300,000

There were 117 East Greenwich RI homes for sale in December 2011 which was a 3% decrease over November homes for sale.

The numbers of East Greenwich RI homes for sale, price range of homes sold and real estate trends from month to month for East Greenwich neighborhoods that may be on your horizon are shared here. The number of East Greenwich RI sold homes doubled over November (from 6 to 12). Interestingly enough, the top homes sold continue to be the homes over $400,000. Again when location, condition and price for a home is right the homes are selling in this East Greenwich real estate market!

Be aware that the absorption rate for homes on the market is still very much a buyers market and has a long way to go before we see a balanced real estate market.

East Greenwich has consistently been the top or in the top two public school systems academically in Rhode Island. When buyers are looking for top rated schools, buyers consider East Greenwich RI as one of their South County towns to buy real estate.

There are 8 homes in pending status in East Greenwich RI. To be in ‘pending’ status is to be awaiting the closing of the home, i.e. there is a signed purchase and sales agreement on the home.

Overall 127 East Greenwich homes were sold in 2011.

- Average East Greenwich home sold for $444,557

- Homes were on the market for 121 days

- Homes sold for 95% of list price

- East Greenwich had a 8% drop in the number of home sales in 2011 over 2010

As you can see 29% of the 2011 homes sold were under $300,000, 14% were $300,000-$400,000 and 57% were over $400,000 in 2011 East Greenwich real estate. True to the area, higher priced homes command the market.

Mortgage rates are remaining low. If you are exploring East Greenwich neighborhoods such as Pine Glen or Frybrook or the many others that are of interest, please give me a call at 401.529.7849 and let my East Greenwich RI real estate know how and expertise of the area work for you the consumer. East Greenwich RI 02818 Real Estate Market Report for Year End.

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the East Greenwich RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

East Greenwich RI Odeum Theater - On the Rebound.

It is a brighter future for the East Greenwich Odeum Theater for this coming year! The Champlin Foundation of RI has just given a $141,600 grant to the East Greenwich Odeum Theater to renovate. The Odeum is located front and center on Main Street in East Greenwich around the corner from the East Greenwich town hall.

First on the agenda, I am told, is to make all the seat covers less flammable and have them recovered. It has been a long road to re-opening and with fire laws and compliance for the Theater, it was very questionable whether or not the Odeum would re-open and as a non-profit organization. Now both of these items seem likely.

For one, the fire regulations by the fire department have been relaxed a bit and they are working closely with the Odeum staff to have a workable solution. Secondly, the return to non-profit status is in the works again. The East Greenwich Town Council has extended its deadline for the re-opening of the Odeum until 3/30/2012. They have also forgiven some of the property taxes by working out a parking lot share program between the town and the theater.

For all of you who are unfamiliar with the Odeum’s past, it has been a great venue for music groups and theater. Since 2007 it has been closed due to not being able to meet the very strict fire codes that were placed on businesses after the Station Night Club fire. This is all about to change! Welcome back Odeum - it is rebound time!

Many of us have enjoyed musical groups or theater productions with friends at the Odeum and long to have this kind of venue operational and since it is part of our community. So we wish the Odeum‘s board luck with this project and look forward to its opening in March 2012. There is much to do and no time to waste. East Greenwich Odeum Theater - On the Rebound.

Local event notices provided by Ginny Lacey Gorman, North Kingstown Realtor

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

East Greenwich RI 02818 Real Market Report

6 East Greenwich RI homes have been sold in November 2011:

5 homes sold over $400,000

1 home sold for under $300,000

There were 121 East Greenwich RI homes for sale in November 2011 which was a 10% decrease over October (13 less homes for sale). Of the East Greenwich RI homes for sale, 8 homes are over $1 million in sales price again.

The numbers of East Greenwich RI homes for sale, price range of homes sold and real estate trends from month to month for East Greenwich neighborhoods that may be on your horizon are shared here. The number of East Greenwich RI homes sold decreased by 3 homes over October. Interestingly enough, the top homes sold are the homes over $400,000. Again when location, condition and price for a home is right the homes are selling in this East Greenwich real estate market!

Be aware that the absorption rate for homes on the market is still very much a buyers market and has a long way to go before we see a balanced real estate market.

East Greenwich has consistently been the top or in the top two public school systems academically in Rhode Island. When buyers are looking for top rated schools, this is a reason that they consider East Greenwich RI as one of their South County towns to buy real estate in.

Pending home sales have decreased by 3 homes over the prior month and there are 11 homes in pending in East Greenwich RI. To be in ‘pending’ status is to be awaiting the closing of the home, i.e. there is a signed purchase and sales agreement on the home. This waiting time is usually due to the lender going through their punch list of items needed from the buyers and/or finishing up agreed upon repair items from the home inspection.

Mortgage rates are remaining low. If you are looking for particular East Greenwich neighborhoods such as Pine Glen or Frybrook or the many others that pique your interest, please give me a call at 401.529.7849 and let my East Greenwich RI real estate knowledge and expertise of the area work for you. East Greenwich RI 02818 Market Report.

!!!!!!!!!!!!!!!!!!!!!!!!!

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the East Greenwich RIgeographic area of homes for sale, schools, happenings, important tidbits of information andbusinesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. AsNorth Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

East Greenwich RI 02818 Real Estate Statistics Report (edit/delete)

9 East Greenwich RI homes have been sold in October:

5 homes sold over $400,000

1 home sold for between $300,000-$400,000

3 homes sold for under $300,000

There were 134 East Greenwich RI homes for sale in October 2011 which was a 4% decrease over the prior month (6 less homes for sale). Of the East Greenwich RI homes on the market 8 homes for sale are over $1 million in sales price again.

The numbers of East Greenwich RI homes for sale, price range of homes sold and real estate market trends month to month for East Greenwich neighborhoods that may be on your horizon are shared here. The number of East Greenwich RI homes sold increased by 2 homes over the prior month. Interesting enough the top sellers are the homes over $400,000 or under $300,000 - again. If location, condition and price for a home is right the property will be a seller here in this East Greenwich real estate market and bought!

Be aware that the absorption rate for homes on the market is still very much a buyers market and has a long way to go before we see a balanced real estate market. However, East Greenwich has consistently been the top or in the top two school systems academically in the Rhode Island market. When homeowners are looking for top rated schools, there is no doubt that they consider East Greenwich RI as one of their South County towns to look at.

Pending home sales have remained the same over September 2011 and there are 14 homes in pending in East Greenwich RI. This is and increase of 3 homes from the prior month. To be in ‘pending’ status is to be awaiting the closing of the home, i.e. there is a signed purchase and sales agreement on the home. This waiting time is usually due to the lender going through their punch list of items needed from the buyers and/or finishing up agreed upon repair items from the home inspection.

I do expect real estate to remain constant this fall in all price ranges. It is a great time to buy with mortgage rates so low and negotiate a great deal. If you are looking for particular East Greenwich neighborhoods such as Pine Glen or Frybrook or the many others that pique your interest, please give me a call at 401.529.7849 and let my East Greenwich RI real estate expertise work for you. East Greenwich RI Real Estate Report 02818.

!!!!!!!!!!!!!!!!!!!!!!!!!

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the East Greenwich RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. AsNorth Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

Waterfront Warwick RI Home Sold- 94 Trent Avenue - Fannie Mae Winner. It was the final two weeks to closing and my buyer and

The Price was Right- Location Superb! Warwick RI

myself were checking on all the repairs that were suppose to be corrected and had not been before this day…well heat was not working in two rooms and the outside water faucet was now running which wasn’t before -endlessly. So the listing agent is on the phone, gets the contractor to come back & voila- it is done. We are getting closer on this waterfront Warwick RI home sold at 94 Trent Avenue.

Well shouldn’t that be the end of this Fannie Mae foreclosure sale…especially after 5 months of frustration! Well of course the closing was desirable but it was just starting with the lender who wanted document after document near the end of repairs. Every word on that inspection report was now being questioned by the lender. The lender had a month to do all of this and waited until 3 days prior to closing… it was frazzle time and being handled by me and the listing agent. All corrected documents were in the lenders hands the next day and you think I was paid for round the clock of work!

This 94 Trent Avenue Warwick RI home is waterfront on a pristine lake, beautiful hardwoods, newer windows, roof & siding and with central air. It was a great home buy! That is why the wait was to be endured for this Fannie Mae winner.

The buyer was thrilled and appreciative…she had been delayed for 5 1/2 months primarily by Fannie Mae to get to this

As Young as she is- She is the Buyer!!

point…the lender delay was the distasteful frosting on the closing cake. The listing agent was so appreciative of our calmness and working with them the whole time…not typical he says of other realtors and buyers he has dealt with on these problematic sales. My job was to get to the closing table for my buyer on a house she wanted above all else. What it took as a professional is to stay focused, work well with all parties and make it right for the buyer.

The buyer received her keys to her new Warwick RI home today! This was one long process but now all repairs in order on this great waterfront Warwick home. She has now a place for her boa constrictor and other snakes and… oh no, I haven’t met them…yet…Waterfront Warwick RI Home Sold- 94 Trent Avenue - Fannie Mae Winner.

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Washington County RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.