South Kingstown RI – Real Estate Market Statistics
for April 2011 is as follows:
16 South Kingstown homes have been sold:
2 waterfront South Kingstown homes sold for over $ 1 million
2 homes sold over $400,000
4 homes sold for between $300,000-$400,000
8 homes sold for under $300,000
Why do I share South Kingstown RI real estate statistics month after month? Hopefully, it is to give you the consumer a better insight into the number of homes on the market, price range of homes sold and real estate market trends for the area you are considering buying into. My web site will give you more information into the Southern RI communities that will be of interest to you also.
There were 251 South Kingstown homes for sale in April 2011 which was an increase over the prior month (26 more homes came on the market- a 15% increase). We are finally seeing the spring home inventory adjust like the weather here in RI . The increase in inventory benefits the buyers out there right now.
South Kingstown has had a good supply of homes and the waterfront and coastal South Kingstown homes are selling with two of them sold in April. The strongest home market in this community is in the under $300,000. Yet, the sold homes continue to be sold at a steady rate with an increase of 25% sold homes over the month of April.
Mortgage rates dropped again and remain at under 5% still. Such a great time for South Kingstown first time home buyers especially to find the neighborhood of their choice and then the right price range. If you have not met with a mortgage person yet to obtain a pre-approval letter on what you can afford to buy in a home, do it today. It is a must have item. Call me if you need help in finding a local mortgage person or lender.
Bloomberg’s Businessweek in 2010 rated Wakefield and Peace dale areas as the best places to raise kids in RI. With a notable school system and neighborhoods that buyers love, South Kingstown attracts families for its environment too.
Pending home sales have increased over the prior month. There are 39 homes in pending status in South Kingstown RI ( no pending waterfront homes). Out of state buyers are working with me now to find South Kingstown luxury homes for sale so I do expect real estate to be very active this spring. South Kingstown RI – Real Estate Market Statistics.
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Ginny Lacey Gorman is your go to agent for homes for sale in South Kingstown RI 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 and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.
