Top 5 Best Places to Sell Real Estate / Top 5 Best Places To Buy Real Estate In Rhode Island

Top 5 Best Places to Sell Real Estate / Top 5 Best Places To Buy Real Estate In Rhode Island

When we break down zip codes in all 39 municipalities, which are the top 5 best zip codes in Rhode Island to sell a property? Which are the best top 5 zip codes to buy a property?

This list is comprised of the top 5 zip codes with the least amount of inventory. The less competition you have on the market, the likely hood of higher offers. If you want to know your homes value call 401-359-2338 today to speak with Top Real Estate Agent Emilio DiSpirito.

1. 02833 - Hopkinton Rhode Island Takes the top with only 34 active single family homes on the market and 16 pending homes. Basically half of the entire inventory of homes for sale in Hopkinton are pending!! Hopkinton has a 1 to 2 month supply of inventory. In other words if 2 months went by and nothing new hit the market there would be nothing left to sell!! 
2. 02886, 02888, 02889 - Warwick Rhode Island, anticipated by Fourtune Magazine and Realtor.com late in 2015 to be the number 1 real estate market in the country!!! So far it has lived up to it's expectations! Everything listed around fair market value is selling!! So get this, Warwick RI has 242 homes on the market and 252 homes are pending!! Homes are selling in an average of 60 to 90 days!! There are more pending homes in Warwick than active!! 
3. 02920, 02910 Cranston Rhode Island with the exeption of Western Cranston is the #3 pick on the list!! Like Warwick, you can get an amazing house at a very good value. Many people are finding it a wonderful place to live and grow a family! Easy highway access and close to everything. There are only 166 active homes for sale right now in 02920 and 02910 and 158 pending. So out of 324 homes with signs on the front lawn, about 50% are pending!! Homes are selling in an average of about 70 days on market in these Cranston zip codes! 
4. 02838 - Manville Rhode Island. Abutting North Smithfield and Woonsocket, this Lincoln village has only 2 single family homes on the market!!! 3 Pending!!! There is only a 60 day supply!! Having zero compeition on the market is the best time to command a higher price!! This is as good as it gets for a sellers market!!! Buyers are out there looking for Lincoln schools!! Call 401-359-2338 for a free assessment of your property today!! 
5. 02864 Cumberland Rhode Island clearly is a sellers market!! With only 3 months of inventory available, homes are selling fast and highest in price since the early 2000's! The average property in Cumberland is 151% higher than the Rhode Island approximate average of $235,000! 85 homes active on the market and 68 pending homes with about 3 months of inventory is easy to see why Cumberland is one of the best places in Rhode Island to sell!!
6. HONORABLE MENTIONS!! 02896, 02830, 02858, 02865,02814, 02816, 02857, 02904, 02812, 02898 all seller markets here in Rhode Island
7. To get an instant and free idea of what your property could list and sell for please click www.TrustTheDove.SmartHomePrice.com or call 401-359-2338 to schedule a real estate consultation with Emilio DiSpirito

This is the top 5 BEST places to Buy right now in Rhode Island!! 

1. 02807 Block Island with a 41 months supply of homes on the market, it's an extreme buyers market!! If you are in the market for a vacation home over 2 million ;)! 
2. 02858 Oakland area of Burrillville Rhode Island has a 12 months supply of homes on the market. 
3. 02837 Little Compton has a 10+ month supply of homes on the market. Picturesque scenery and a safe place to call home do make it a desirable place to raise a family! 
4. 02835 Jamestown Rhode Island has a solid 9 months of inventory on the market. This is a more seasonal market and you will see this start to drop in the coming months to be one of the hottest luxury markets in Rhode Island. 
5. 02825 Foster Rhode Island, one of the most pristine pieces of land on this rock we call Rhode Island! Foster is one of the best places in my estimation to purchase a property and has a 7+ month supply of homes on the market!