The prices in real estate in East Greenwich, in the Rhode Island region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in East Greenwich has increased during the last 6 months. In November, the average price per sq.feet was $212. In the following month the price per sq.feet decreased to $191. The price for the following two months in (January, February) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 119 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $218.25 to $260 during March, and April.
Based upon to the price in East Greenwich (cities), these have remained the same in the last 6 months. The average price for November is $655,164. During December the price had a considerable reduction till $547,451. In the following two months the average price has remained the same with regard to the previous two months from $601,307.5 to $619,111. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $719,445 they are 54 % more affordable than the average price for East Greenwich. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $443,879.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $253 / sq.feet, with an average $261 / sq.feet price in East Greenwich. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 3 bedrooms with a price at $278 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $719,445 it is 42 % cheaper than the average price in East Greenwich. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $435,510 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $238 / sq.feet followed by "Condo" priced at $268 / sq.feet. "Land" is the most costly type of property with a $442 / sq.feet cost followed by "Condo" with an average price of $268 / sq.feet.