South Kingstown RI 02879 02880 Real Estate Statistics
for May 2011 is as follows:
26 South Kingstown homes have been sold in the past month:
4 homes sold over $400,000
10 homes sold for between $300,000-$400,000
12 homes sold for under $300,000
There were 288 South Kingstown homes for sale in May 2011 which was a 15 % increase over the prior month (37 more homes for sale). The increase in home inventory benefits the home buyers looking for homes at the start of the summer.
Why do I continue to share South Kingstown RI real estate statistics with you the consumer? Hopefully, it is to give you a truer insight into the number of South Kingstown homes for sale, price range of homes sold and real estate market trends month to month for the South Kingstown neighborhoods you may be considering buying into. If your are a South Kingstown home seller, it gives you information on recent home sales. My web site will give you very specific information into all the RI towns that will be of interest to you also as you search RI real estate for sale.
South Kingstown continues to have a generous supply of homes for sale and the waterfront and coastal South Kingstown homes for sale are selling at an increased pace. In fact, the home sales here are outpacing all the other southern RI towns increasing by 10 homes over the prior month.
Remember that South Kingstown was rated by Businessweek Bloomberg as one of the top U.S. towns to raise children in!! Who wouldn’t consider this town when exploring southern RI real estate.
Mortgage rates have dropped again and remain at great low rates. Check with a mortgage lender today. It is the best time for South Kingstown home buyers to find the neighborhood of their choice and then the right price range. Prices continue to be at all time lows for the buyers right now with the great lending terms and rates to match.
Pending home sales have increased by 4 homes over April 2011 and there are 39 homes in pending status in South Kingstown RI. It is a brighter outlook of the market when pending home sales continue to increase which they are here.
Out of state buyers continue to search for South Kingstown waterfront and coastal homes for sale. I do expect real estate to be remain active this summer in all price ranges and especially for beach and vacation homes because that is a big draw with South Kingstown buyers.
South Kingstown RI 02879 02880 Real Estate Statistics.
Ginny Lacey Gorman is your go to North Kingstown Real Estate agent for homes in South Kingstown RI and beyond…knowing the geographic area, schools, happenings,important tidbits of 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 and an internet savvy marketer & agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.