North Kingstown RI Real Estate Market Report February 2012
16 North Kingstown homes sold in February 2012:
5 homes sold over $400,000
1 home sold for between $300,000-$400,000
10 homes sold for under $300,000
Average Home Sale Price in February 2012 was $342,518, homes sold for 98% of list price and were on the real estate market for 94 days on average.
There were 172 North Kingstown homes for sale in February 2012 which was a minimal increase (+1 home) in inventory over the prior month. Home sales increased by 4 homes (16 homes sold) over the prior month or 33%. Yet, if you look at the sales numbers above it is interesting how strong the real estate market is here for homes under $300,000. February is showing increased signs of life as buyers are out buying in the current real estate market. An early spring in the uptick of the North Kingstown real estate market is apparent and it is encouraging.
There was no North Kingstown short sales sold in February 2012.
North Kingstown RI has a good supply of homes on the market still and the waterfront North Kingstown homes for sale for over $1 million are selling right now. Additionally, there are 12 North Kingstown homes for sale over $1 million which is the same as the prior month.
There are 35 pending homes sales at present (17 % increase over January). This is a great sign of the improving real estate local market. It is a great time to buy while mortgage rates remain amazingly low…
Interested in the RI real estate market and need good guidance, call me at 401.529.7849 my real estate knowledge will guide you and invigorate you in this real estate market.
North Kingstown RI Real Estate Market Report- February 2012.
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.
As a North Kingstown short sale agent, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.
Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard. When you are in need of a good professional for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.