Jamestown RI 02835 Real Estate Market Report - Year End 2011

2 Jamestown RI homes were sold in December, as follows:

1 home sold over $1 million

1 home sold over $400,000

There were 61 Jamestown RI homes for sale in December 2011. The number of homes for sale on the Conanicut Island of Jamestown RI has decreased for the third month in a row. Yet, this is a great time to evaluate the real estate market and the coastal Jamestown shore offers a stunning array of homes for buyers in their real estate searches.

Jamestown RI continues to have a good supply of homes for sale and the oceanfront, water front and coastal Jamestown RI homes for sale are selling at a modest pace. The home inventory absorption rate remains a buyers market.

6 Pending Jamestown homes sales for December 2011 await closing and Jamestown RI homes sales have increased by 1 home over the prior month.

Overall 57 Jamestown RI homes sold in 2011.

-Average Jamestown home sales price was $733,907

- Homes sold at 91% of list price

-Homes sold were on the market for 169 days.

-Home sales decreased by 22% in 2011 over 2010 in Jamestown

As you can see 9% of the 2011 Jamestown homes sold were under $300,000, 33% were $300,000-$400,000 and 58% were over $400,000. During 2011, 6 Jamestown homes sold for over $1 million. Still a great location to buy in for luxury and oceanfront homes in Jamestown. Here is to a better real estate market in 2012!

Buyers continue to search for oceanfront Jamestown RI homes for sale. Out of state buyers especially love the waterfront setting of Jamestown RI and its connectivity to North Kingstown and Newport RI. When you have great water views, amazing Beavertail state park, restaurants and island living, it does capture you. Jamestown RI 02835 Market Report- Year End.

~~~~~~~~~~~~~

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Jamestown 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.