Market Conditions for East Greenwich, Rhode Island Reported by Steve Gillikin, REALTOR, GRI, CRS, CRP, ABR and E-Pro Updated May 8, 2012.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

East Greenwich Single Family Monthly Real Estate Sales Report for the month of April 2012:

Number of homes on the market: 119, up from 104 last month. Average list asking price: $551,899, down from $562,743 last month. Average days on market of homes for sale: 93, down from 122 last month.

Number of homes under contract: 44, up from 34 last month. Average list price of homes under contract: $460,640, up from $436,917 last month. Average days on market of homes under contract: 117, down from 125 last month.

Number of homes closed sale: 9, down from 11 last month. Average selling price: $334,416, down from $421,318 last month. Average days on market of sold homes: 78, down from 140 last month.

**East Greenwich numbers month to month can be skewed due to small numbers of sales and some sales of higher priced homes.**

ZIP Code: 02818

Approximate Location Boundaries: north: Warwick; east: Narragansett Bay; west: West Greenwich; south: North Kingstown

Location Characteristics: East Greenwich is geographically located in the center of the state of Rhode Island, 15 miles south of the state capital in Providence. East Greenwich is the eighth oldest community in the state. The town faces picturesque Narragansett Bay, and has the beauty and appeal of a seaport setting. Green hills, blue water and quaint historic homes combine to produce a uniquely charming atmosphere. East Greenwich was owned and inhabited by the Narragansett Indian Tribe. By the king's commission in 1665, East Greenwich was acquired with the rest of the Narragansett Country as part of the colony of Rhode Island. East Greenwich was incorporated as a town in 1677, when the Rhode Island General Assembly granted land to 48 men who served during the Wampauag Indian War, also known as the King Philip's War. The town was named for East Greenwich, in County Kent, England. The name East Greenwich, Rhode Island, was changed to Dedford in 1688. In 1689 however, Dedford became East Greenwich once again. In 1750 East Greenwich became a seat of state government because of its advantageous location. It provided a protected harbor on Narragansett Bay and had become an important port specializing in ship building and fishing. The town became the county seat of Kent County and the general assembly met in the town on a rotating basis from 1750 to 1854. Today, East Greenwich is an economically thriving community ideally located, compactly planned, culturally diverse, with distinctive urban, suburban and rural characteristics and a quintessential main street. East Greenwich claims a distinction and individuality all its own.


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I am a licensed Broker in RI & MA. I've been a professional Realtor for going on 30 years. I've sold well over 1,200 properties during my career.

I am a Graduate of the Realtor Institute. There are only 485 out of close to 4,800 licensed agents and brokers in RI who earned the GRI designation. I am a Certified Residential Specialist. There are 123 agents who have earned their CRS designation. I am a Certified Relocation Professional. There are only a few who have taken the courses to obtain this CRP designation. I am an Accredited Buyers Representative. There are only 115 that have the ABR designation. I have also obtained a E-Pro designation. There are 72 E-Pros in RI. I am one of 5 to hold 4 of these and the only one to be certified in 5 areas. This shows achievements in using a higher level of technology to serve my buyer and seller clients. Finally, I specialize in distressed property sales, both short sales and REOs. I've sold over 150 of these hardship case properties over the past 3 years.

All of these designations are recognized by the National Association of Realtors.

I can help you in all aspects of real estate in RI and nearby Mass., whether selling, buying, building or investing.

Please call me or e mail me to answer any questions you may have. Thank you... Steve Gillikin