Discover the North Kingstown Rhode Island Real Estate Market

Discover the North Kingstown Rhode Island Real Estate Market

 

July 2012 North Kingstown Real Estate Update

Lone Tree Point – North Kingstown Real Estate

 

North Kingstown RI single family home sales for July 2012 were as follows:

21 North Kingstown homes sold

  5 homes sold over $400,000

  7 homes sold for between $300,000-$400,000

    9 homes sold for under $300,000

Discover the North Kingstown Rhode Island Real Estate Market

What You Should Know About North Kingstown Rhode Island Real Estate Market

Average Home Sale Price in July 2012 was $347,450  homes sold for 95% of  average list price and were on the real

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Waterfront Sunsets in North Kingstown RI

estate market for 56 days on average.  This is an increase over June in average sales price and average list price. Homes sold were on the market longer in order to sell.  Home sales volume are down by 25% in July over June 2012.

 

Median Home Sale Price in July 2012 was $330,000, homes sold for 96% of median list price and were on the real estate market for 59 days.

There were 215 North Kingstown homes for sale in July 2012 which was a negligible decrease in home inventory over June.

Yet, if you look at the sales numbers above it is interesting how strong the North Kingstown real estate market is here for homes under $400,000.  Even in July the under $300,000 dollar market of sold homes is consistently ‘the buy’ alternative  for home buyers.

The North Kingstown real estate market remains a buyers market overall with 10 months supply of homes on the market.

 

There were 2 North Kingstown short sales sold in July 2012.  It was good to move these short sales out of the current inventory figures.
North Kingstown RI has a supply of waterfront North Kingstown homes for sale for over $1 million.  There are 11 North Kingstown luxury homes for sale over $1 million.

 

There are 32 pending homes sales at present which is a 14% decrease from June.   It is still a good time to buy Rhode Island real estate while mortgage rates remain low and home choices are available.

There is so much to appreciate about this town…Wickford Village, Wickford Junction train station, easy highway access, great North Kingstown public schools, 20 minutes to Providence and 15 minutes to the Providence Airport, waterfront coastline and more! Explore North Kingstown neighborhoods here.

 

Interested in the Rhode Island real estate market and need guidance, then call me at 401.529.7849 and let my Rhode Island real estate knowledge guide you well in this market.   I’d love the opportunity to help or email me at RiByTheBay@gmail.com to schedule an appointment.

Discover the North Kingstown Rhode Island Real Estate Market.

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Ginny Lacey Gorman is your go to North Kingstown real estate agent for real estate in North Kingstown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. 

 Waterfront, oceanfront, luxury and coastal RI real estate are my specialty but all of RI is my backyard.    When you are in need of a good professional for your buying and selling needs and an internet savvy marketer & agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.

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