South Kingstown Real Estate Market Report – February 2012

South Kingstown Real Estate Market Report – February 2012

 

South Kingstown Real Estate Market Report – February 2012, details as follows:

 

0 homes sold over $400,000
4 homes sold for between $300,000-$400,000
7 homes sold for under $300,000

South Kingstown RI Real Estate Market

Scarborough Beach Narragansett RI

 

Home sales are down slightly from last year for February, yet pending home sales have increased this year.

 

Average Home Sale Price in February 2012 was $249,454.

 

South Kingstown homes sold on average for 91% of list price and was on the real estate market for 202 days on average.  This was nearly a doubling of days on market over the prior month.

 

Median Home Sale Price in February 2012 was $268,000.

 

South Kingstown homes sold for a median price point of 94% of list price and was on the real estate market for 174 days.  

 

There were 216 South Kingstown homes for sale in February 2012 which was a 4 % increase over the prior month.  The number of sold homes has decreased by 8 homes this month which is significant drop in homes sales for this town.  However, pending sales are up.

 

South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are selling slowly

 

There are 34 homes in pending status in South Kingstown RI (pending sales are awaiting closing and are up by 10 homes over the prior month).   Yet, the home absorption rate for South Kingstown homes for sale remains high and continues as a buyers market.  Pricing is key to selling a home in this market – the right location, condition and price.

 

 1 South Kingstown short sale closed in February.

 

Mortgage rates remain amazingly low for all home buyers!  If you are seeking a South Kingstown home to buy or sell or interested in the RI Real Estate market, give me a call at 401.529.7849.  I raised my family in South Kingstown and know the value of homes and South Kingstown neighborhoods.

 

 South Kingstown Real Estate Market Report – February 2012.

~~~~~~~~~~~~~~~~~~~~~~~

 Ginny Lacey Gorman is your go to North Kingstown Real Estate agent for real estate in South 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.  RI real estate agent in the sparkly red shoes…because there is no place like home!

Leave a Reply

Your email address will not be published. Required fields are marked *