South Kingstown RI December 2013 Year End Market Report

South Kingstown RI December 2013 Year End Market Report

 

 As one of the premier South County communities for living and enjoyment, South Kingstown RI

South Kingstown RI real estate

 

real estate market data for December 2013 ( data for the full calendar year will follow farther down in post) is provided by Ginny Lacey Gorman of waterfront RI real estate:

  • Properties currently active on the market: 197
  • Single-family properties closed in December 201323 

    South Kingstown RI December 2013 Year End Market Report

    Thinking of selling this spring? Call me at 401-529-7849 to find out what your home is Truly worth!

  • Average sales price: $ 322,000
  • Median sales  price: $325,000
  • Sales price to list price ratio: 96%
  • Average days on the market: 159
  • Sales currently pending: 36
  • South Kingstown home absorption rate: 8.5 months of home inventory and is a buyers market.  There still is a considerable amount of homes on the market here even though the home sales have been brisk this past year.

    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 home market.

  • Breakdown of South Kingstown sold homes is as follows for the month of December: 10 homes sold under $300,000, 9 homes sold between $300,000-$400,000 and 4 homes sold over $400,000.  The under $300,000 market is continuing to be the strongest market in South Kingstown home sales.

South Kingstown RI December 2013 Year End Market Report

The South Kingstown RI home real estate market has been a strong selling market
all year with number of home sales up 11% over 2012 for 2013!  Home prices have increased year to date for 2013 over 2012 by +.003%.

Although the sales price increase in 2013 was negligible, 2012 had a larger price increase.  South Kingstown has been a very strong town in the improving RI real estate market.

 

Year                    Homes Sold             Average Sales Price    List Price/Sale Price          Days on Market

2011 256 $ 314,424 93% 127
2012 305 $ 331,634 94% 127
2013 338 $ 333,000 95% 123

Interesting that even with the home price increase in sold homes, the number of Days on Market for a home until agreement stayed fairly constant year over year.  A better List Price of homes sold  to Sale price crept upwards.  So for 2013 there was a 11% increase in home sales over 2012 and just a .003% increase in home sale price.  

The South Kingstown community is a waterfront South County community that is fortunate to have the University of

Rhode Island campus in its borders, cultural music and theater, notable restaurants, Amtrak train station in Kingston and good schools.  This is all a great draw when put together for the searching South Kingstown home buyer.

 

Looking for a waterfront RI Real Estate Agent that not only knows her South County real estate market but markets her clients homes with maximum exposure on line with successful sales?  I would love the opportunity to help you.  I raised my family here and know South Kingstown so well.   Guiding sellers through their home sale everyday is what I do with enthusiasm and drive for my clients!

If you would like to buy a South Kingstown RI home or interested in selling, contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com.

I hope that this South Kingstown Year end and December 2013 home sales report gives you some guidance in the market for the coming year.

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 Ginny Lacey Gorman is your go to waterfront Rhode Island real estate agent for real estate in RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email her at Ginny@RiHouseHunt.com to discuss your home dreams too!
 
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 marketet who sells RI houses in this real estate market, call Ginny at 401.529.7849.

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