Real Estate Market Report – North Kingstown RI 02852
for April 2011 is as follows:
13 North Kingstown homes have been sold:
2 homes sold over $400,000
5 homes sold for between $300,000-$400,00
6 homes sold for under $300,000
There were 194 North Kingstown homes for sale in April 2011 which was a substantial increase over the North Kingstown RI real estate homes on the market from the prior month (26 more homes came on the market). We are finally seeing the spring home inventory increase just like the weather here in RI is finally getting better. The increase in inventory benefits the buyers out there right now.
North Kingstown has maintained a good supply of homes and the waterfront and coastal North Kingstown homes are available for the choosing. The homes sold continue to be primarily in the under $300,000. Yet, the sold homes continue to be sold at a steady rate with only a decrease of one sold over the prior month.
Mortgage rates dropped again and remain at under 5% still. Such a great time for North Kingstown first time home buyers especially to find the locale of their choice and then the right price range. Ensure you have your pre-approval in hand before searching for a home. It is needed in this real estate market. I can put you in touch with a number of lenders and mortgage brokers that will help you out on the mortgage side.
The North Kingstown RI homes sold in March were down slightly (1 sale) over the prior month. The buying and selling activity in this growing town remains stable. With a notable school system, it attracts families from all over RI and beyond to settle into this town. Good school systems tend to support good real estate values for property owners too.
Pending home sales have remained the same over the prior month. There are 25 homes in pending status in North Kingstown RI this past month ( no pending waterfront homes). Finding the right house in this coastal community as well as in historic Wickford Village is the goal of every buyer. Out of state buyers are contacting me now about luxury homes for sale so I do expect real estate in this community to be continually active this spring.
The historic Wickford Village just had its ‘Daffodil Days’ which brings visitors out to walk the village with its marinas, stores, restaurants and great historic homes all along the waterfront of the town. Stop by if you have missed this town in your searches. Real Estate Market Report- North Kingstown RI 02852.
Ginny Lacey Gorman is your go to real estate agent for homes for sale in North Kingstown RI real estate and beyond…knowing the geographic area, schools, happenings, important tidbits of local information and businesses well. She’s the RI Real Estate agent with the Sparkly Red Shoes.
Waterfront, oceanfront, luxury and coastal RI homes for sale 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 find an internet savvy marketer who sells RI houses in this real estate market and call Ginny at 401.529.7849.