North Kingstown RI December 2013 Year End Market Report

North Kingstown RI December 2013 Year End Market Report 

 

North Kingstown RI December 2013 Year End Market Report

Wickford Harbor views

Single family real estate market data for December 2013 and for a recap of the year 2013 for North Kingstown, RI is provided by Ginny Lacey Gorman of RI coastal real estate.  The month of December 2013 home sales are as follows:

  • Properties currently active on the market: 132 (19% decrease over prior month)
  • Single-family properties closed in December 201324 (14% decrease over prior month)
  • Average sales price: $ 379,000
  • Median sales  price: $ 365,000
  • Sales price to list price ratio: 96%
  • Average days on the market: 84
  • Sales currently pending: 26

North Kingstown home absorption rate for December is 5.5 months of home inventory (a normal market would be 5-7 months of North Kingstown real estate home sold  anything under 5 months of inventory is considered a seller’s market). Based on this most recent home sales data, the North Kingstown real estate market is a normal to sellers market.  We have not seen this change in the real estate market in years!

  • Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the current home inventory.
  • Breakdown of the 24 North Kingstown sold homes is as follows for the month: 10 homes sold under $300,000,3 homes sold between $300,000-$400,000 and 11 homes sold over $400,000.  The over $400,000 market was the surprising strongest market in home sales in December.

North Kingstown RI 2013 Year Recap of the Real Estate Market

 The North Kingstown RI 2013 real estate single family home market has been a strong selling market with the number of home sales up 32% over 2012!   Even home sale prices have stabilized with just a +.1% increase in 2013 over 2012 yet they are on the plus side which is good for sellers.  Stabilization of home prices, higher list price to home sale price and decreased days on market are important factors in this real estate market.  The average square foot cost of a 2013 North Kingstown home sold is $180/sq.ft.

North Kingstown RI December 2013 Year End Market Report

   Here are the 2011 through 2013 home sale numbers:

Year Homes Sold Average Sales Price List Price/Sale Price Days on Market
2011 215 $336,867.00 94% 117
2012 240 $324,625.00 94% 103
2013 317 $325,000.00 96% 92

 Looking for North Kingstown homes for sale?  Perhaps you are considering relocating to North Kingstown?  Click the links and explore what awaits you.

 Looking for a waterfront RI Real Estate Agent that not only knows her North Kingstown real estate market but markets her clients homes with maximum exposure on line resulting in successful sales?  Then call me.   I would love the opportunity to help you and earn your trust.  I am a hands on RI Real Estate Agent leaving no stone unturned for my buyers and sellers!

Contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com.  Working with home sellers everyday to list, promote and market homes successfully for my clients.  I live, work and play in North Kingstown and know this town like the back of my hand.  This is the single family North Kingstown RI December 2013 Year End Market Report.

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Ginny Lacey Gorman is your go to waterfront Rhode Island Real Estate agent for real estate in North Kingstown RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
 
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.   When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market call Ginny at 401.529.7849.

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