What Is Happening in the South Kingstown Real Estate Market?


What Is Happening in the South Kingstown Real Estate Market?

 

South Kingstown homes for sale are selling well

South Kingstown homes for sale are selling well

What Is Happening in the South Kingstown Real Estate Market?  South Kingstown remains a desirable southern RI community to live in, raise a family, to enjoy the parks and white sand beaches and the variety of South Kingstown neighborhoods.  When you have the spectacular oceanfront RI real estate as part of your lifestyle, you know this is the right town for you to buy into.

32 South Kingstown homes have been sold in October, as follows: 

   2 oceanfront homes over $1 million

   5 homes sold over $400,000                                 

South Kingstown Real Estate Market| Rhode Island Real Estate

What Is Happening in the South Kingstown Real Estate Market?

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

     20 homes sold for under $300,000

 

South Kingstown October 2012 home sales are up 10 % over September.

 

South Kingstown’s Average Home Sale Price in October 2012 was $362,190. This month South Kingstown Rhode Island real estate homes sold on average for 94% of list price and were on the real estate market for 112 days on average.    Days on market decreased and home sales price was up.

 

South Kingstown Median Home Sale Price in October 2012 was $266,750. South Kingstown homes sold for a median price point of 96% of list price and were on the real estate market for 100 days.   Remember the median sale price is the midpoint of all home sale prices for the current month (half the home sales are below this amount as well as above this dollar figure).  

 

There were 252 South Kingstown homes for sale in October 2012 which was a 4 % decrease in homes on the market over the prior month.

South Kingstown is the South County town with the most home sales consistently this year.  The coastal South Kingstown homes for sale are selling again.   Two oceanfront South Kingstown homes sold in October.  

 

There are 39 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing).  The strength of this housing market is favorable and is becoming a more balanced market.

 

South Kingstown short saleclosed in October 2012.  

 

If you are seeking a South Kingstown home to buy or sell, give me a call at 401.529.7849 or email me at RiByTheBay@gmail.com.   I would love the opportunity to help you.  I raised my family in South Kingstown for 20 years and know the value of homes, schools, happenings and South Kingstown neighborhoods well.

What Is Happening in the South Kingstown Real Estate Market?

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Ginny Lacey Gorman is your go to oceanfront South Kingstown agent for real estate in and around South Kingstown RI …knowing the geographic area, schools, happenings, important tidbits of information and businesses well.  

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 real estate specialist for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849RI Real estate agent in the sparkly red shoes…because there is no place like home!

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