North Kingstown RI Real Estate Market Report November 2014
This North Kingstown RI single family housing market data update for November 2014 is provided by Ginny Lacey Gorman of RI coastal real estate. Fall is slipping away and winter is arriving with a slow down of the real estate sales down by 25% over prior month . Yet, year to date home sales here have slipped 4% from last year to date volume through November. Home sale values are up by +6 % during the same time period too which is good for sellers and homeowners.
In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay and great real estate that draws home buyers here. North Kingstown is nearly in the center of RI which makes commuting to Providence or south an added bonus to all who live here.
The month of November 2014 North Kingstown real estate data is as follows:
- Properties currently active on the market: 188 (-8% over prior month)
- Single-family properties closed: 21 (25% decrease over prior month)
- Average sales price: $ 293,000 ( 10% decrease over prior month)
- Median sales price: $ 266,000 (3% decrease over prior month)
- Sales price to list price ratio: 96% ( 93% last month)
- Average days on the market: 79 ( 5% increase over prior month)
- Sales currently pending: 28 ( 27% increase over prior month)
North Kingstown home absorption rate for the month is 9 months of home inventory (a normal market is 5-7 months of inventory and considered a balanced market). The home inventory has increased a bit and real estate sales have lessened. Based on this most recent home sales data, the North Kingstown real estate market is back to a buyers market.
- 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 21 North Kingstown sold homes is as follows for the month: 13 homes sold under $300,000, 3 homes sold between $300,000-$400,000 and 5 homes sold over $400,000. The under $300,000 market remains a strong selling market in home sales this month. Notice that when you look at the average sold price for a home in North Kingstown, it decreases from summer to fall as days on market increase and list price to sales price increases. More sellers are pricing their homes better this month.
Successful Video Aerial Marketing increases home sales in North Kingstown…discover why this state of the art video marketing sells homes better and with higher prices for all my RI clients. Presenting the home in the evening, from the water or what is eye candy in a home is what my marketing is all about.
North Kingstown RI Real Estate Market Report November 2014
The North Kingstown RI home market is a viable and an active real estate market. Know the secret sauce to pricing your home to get it sold today! Timing, condition and location are spot on keys to a buyers success here.
North Kingstown Home sales January – November 2014 compared to January – November 2013 shows a 4% decline in home sales and a 6 % (from $321,000 in 2013 to $344,000 in 2014) increase in home sold prices. Real estate values have risen.
Looking for North Kingstown homes for sale? Or perhaps you are considering relocating to North Kingstown? Click the highlighted links to explore the right southern RI reasons to buy in North Kingstown whether in Wickford or one of the many desirable neighborhoods here.
North Kingstown RI Real Estate Report October 2014
North Kingstown RI Real Estate Report September 2014
North Kingstown RI Real Estate Report August 2014
Finding the most knowledgeable information for this town when you are home buying or selling is essential. Talk with me about North Kingstown real estate and what you need to know in this market.
North Kingstown RI Real Estate Market Report November 2014
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I would love the opportunity to help you market and sell your home for the right price and earn your trust. I am a totally ‘hands on’ top selling RI agent leaving no stone unturned for my RI buyers and sellers! Contact me, 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 clients. I live, work and play in North Kingstown and know this town like the back of my hand. Hope you found the single family North Kingstown RI Real Estate Market Report more than a good read and the right information to take forward.
