South Kingstown Real Estate Market February 2016

South Kingstown Real Estate Market February 2016

 

The South Kingstown real estate market February 2016 for single family homes shows a marked increase in home sales up by 140% over the prior month.   This is early on in the new year in South Kingstown home sales and real estate this month was popping, pending home sales awaiting closings was up by 5%.  This is a stable RI home sale market where the key to home sales is pricing well.  The increase in home sales shows that the spring market is beginning early….

 

South Kingstown Real Estate Market February 2016

 

This month’s South Kingstown real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate.  Yes, January was not a good month in home sales here but February made up for the slacking in home buys

Housing update for South Kingstown RI for February 2016 follows:

 

  • Properties currently active on the market: 172 ( 3% decrease over prior month)
  • Single-family properties closed in the month: 22 (140% increase over prior month)
  • Average sales price: $ 379,000 
  • Median sales  price: $ 279,000
  • Sales price to list price ratio: 96% ( 96% in the prior month)
  • Average days on the market: 132 (94 days in the prior month) 
  • Sales currently pending: 42 ( 5% increase over prior month)

 

  • South Kingstown home absorption rate indicates it is a buyers market with current inventory.  Home absorption is the amount of time it will take to sell all the homes currently on the market without adding to it.  If sales continue this way a buyers real estate market here will remain.

 

  • Breakdown of the 22 South Kingstown sold homes is as follows for the month: 12 homes sold under $300,000, 5 homes sold between $300,000-$400,000, homes sold for more than $400,000 but less than a million and 1 homes sold over $1 million.  The under $400,000 real estate market continues to be the strongest market in home sales and desirability in South Kingstown.  

 

  • The average square foot sales price of a home sold this month in South Kingstown is $ 244 per square foot.

 

  • The highest priced home sold this month was $ 1,300,000 with 3600 square feet of living space.

 

South Kingstown Real Estate Market February 2016

 

31 homes were sold in South Kingstown this year through February 2016 with an average price sold of $379,000 as compared to 37 homes sold January-February 2015 with an average price of $380,000.  A decrease in sales and home sold values may be due to some weather and mix of home buyers looking to buy.

 

South Kingstown Real Estate Market February 2016 update gives home buyers and sellers the information they need to make a qualified  real estate decision.  Having a good overview of the South Kingstown RI real estate home sales in the town you are interested in buying into is an important step in making that home offer.

Here are the most current South Kingstown homes for sale between $200,000-$600,000:

 

Home sellers need to be very aware of pricing and their competition in the real estate market now…understand the secret sauce of pricing a home and talk with an internet savvy South Kingstown real estate agent about marketing.  Ensuring a targeted marketing plan to home buyers online is an essential part of my RI real estate marketing including great photography.

Take a look at the hottest South Kingstown homes for sale right here and now.  As current as you can get everyday with the best and most thorough Rhode Island real estate information provided to the consumer.

 

The South Kingstown community is a waterfront southern RI town that is fortunate to have the University of Rhode Island campus in its borders, cultural music and theater, notable restaurants, the Amtrak train station in Kingston and good public & private schools.  And yes the Atlantic ocean is ever present with Rhode Island’s beautiful beaches!   This is all a great draw when put together for any South Kingstown home buyer.

South Kingstown Real Estate Market February 2016

 Knowing the septic changes in the Critical Resource Areas , ground water overlays or flood zones in South Kingstown ensures when you work with me as your designated Realtor.  You will know your costs well when home buying or selling.  Being a local top selling South Kingstown real estate agent, having lived in this community for years and raising my family here keeps me in touch with this community well.  Call me, Ginny Gorman, at 401.529.7849 or email me at ginny@RiHouseHunt.com for the known expertise you need in selling South Kingstown RI real estate.

South Kingstown Real Estate Market February 2016

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Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront and luxury South Kingstown real estate agent for southern RI real estate and beyond.  It is where my family was raised and lived for many years …yes, I know the South Kingstown neighborhoods well too.  Email her at ginny@RiHouseHunt.com today to make an appointment to discuss your real estate sales 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 knowledgeable RI 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 Gorman at 401.529.7849 today.

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