South Kingstown RI Real Estate Market Statistics for February 2011

Stats

South Kingstown RI Real Estate Market Stats

 South Kingstown RI Real Estate Market Statistics for February 2011

The South Kingstown RI Real Estate Market Statistics for February 2011 are as follows:

15 South Kingstown RI homes sold, the breakdown is as

follows:

2 homes sold for over $400,000

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

6 homes sold for less than $300,000

In February 2011 there were 197 South Kingstown RI homes for sale which is 4 more homes on the market over January 2011 homes for sale.  The home inventory in South Kingstown has increased about 2% in this RI coastal real estate community.

Sellers continue to prepare their homes for the spring market (remember the official beginning of spring is March 20th) and inventory will increase in another month or so (historically that has been the case).  Sales are experiencing the bumpy road of higher and lower sales months of winter.

  However, choices of waterfront South Kingstown homes for sale are there for the ready, willing and able buyers who have their pre-approvals in hand. Again I remind you- have you seen your mortgage lender lately?  It is important to have that pre-approval letter in hand when you are searching for a home to show you can make an offer right then and there!

South Kingstown RI homes sold for February 2011 were down by 21% this past month in the midst of this winter season.   South Kingstown home sales are always happening because of a great community one has to raise a family.

A majority of the South Kingstown homes sold remain in the under $400,000 category.  As buyers continue not to stretch their finances out the higher end houses tend to remain longer on the market.   Buyers and sellers alike are encouraged the continued number of buyers who have entered into agreements to purchase a South Kingstown home in the next month.

Pending home sales remain steady which is a good  indication that South Kingstown home sales will continue in their current pattern. There are 24 homes in pending status in South Kingstown RI this past month which is 3 less than last month.

In Rhode Island, and especially South Kingstown,buyers are looking for that ‘great’ deal of a home in the right neighborhood.  There are so many great neighborhoods either by the University of Rhode Island or along the Matunuck ocean front to pique a buyer’s interest. Also, Bloomberg Reports ranked parts of South Kingstown as a top town to Raise Your Kids in the U.S. in their 2011 rankings!

Based upon current sold and pending statistics, South Kingstown is meeting many of these buyer conditions.  Give me a call today and let my expertise for this area work for you.  South Kingstown RI Real Estate Market Stats – February 2011.

Search for South Kingstown homes for sale here:

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Ginny Lacey Gorman is your go to real estate agent for homes for sale in South Kingstown RI real estate and beyond…knowing the geographic area, schools, happenings, important tidbits of local information and businesses well.  If you are looking for someone to guide you through the home buying or selling process, Ginny is a licensed agent and would be happy to assist you.

Waterfront, ocean front and coastal RI homes for sale are her specialty but all of RI is her backyard.  So feel free to search for RI homes for sale.  When you are in need of more information from an internet savvy marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.

 

 

 

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