East Greenwich RI 02818 Market Report

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.

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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.