South Kingstown Real Estate Market March 2016

South Kingstown Real Estate Market March 2016

 

What is the Current Housing Update in South Kingstown RI ?

 

The South Kingstown real estate market March 2016 for single family homes shows a marked increase in home sales up by 50% over the prior month.   South Kingstown home sales and real estate this month was popping as the spring housing market begins, pending home sales awaiting closings are up by 7%.  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 has begun with more home inventory in need for buyers.

South Kingstown Real Estate Market March 2016

This month’s South Kingstown real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate.  

What is the Current Housing update for South Kingstown RI for March 2016 does follow:

 

  • Properties currently active on the market: 188 ( 9% increase over prior month)
  • Single-family properties closed in the month: 33 (50% increase over prior month)
  • Average sales price: $ 377,000 
  • Median sales  price: $ 355,000
  • Sales price to list price ratio: 96% ( 96% in the prior month)
  • Average days on the market: 145 (132 days in the prior month) 
  • Sales currently pending: 43 ( 2% increase over prior month)

 

  • South Kingstown home absorption rate indicates it is a balanced 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 sellers real estate market here will be occurring this summer.

 

  • Breakdown of the 33 South Kingstown sold homes is as follows for the month: 12 homes sold under $300,000, 8 homes sold between $300,000-$400,000, 13 homes sold for more than $400,000 but less than a million and no homes sold over $1 million.  The over $400,000 and under $300,000 real estate market is 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 $ 191 per square foot of living space.

 

  • The highest priced home sold this month was $ 647,000 here.

 

South Kingstown Real Estate Market March 2016

 

64 homes were sold in South Kingstown this year through March 2016 with an average price sold of $377,000 as compared to 70 homes sold January-March 2015 with an average price of $378,000.  A decrease in sales by 9% and 3% in home sold values and sales numbers may be due to home buyers not finding what they want to buy yet.  If you are thinking of selling your home or condo there is no time to wait, please call me for your home market analysis and staging tips today at 401.529.7849.

 

South Kingstown Real Estate Market March 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:

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 March 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

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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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