South Kingstown RI Home Sale Report March 2014

South Kingstown RI Home Sale Report March 2014

 

As one of the sought after Rhode Island southern towns for living and enjoyment, the South Kingstown RI home sale market report for single family homes for March 2014 follows.

 

South Kingstown RI Home Sale Report March 2014Oceanfront South Kingstown RI Living at Green Hill

 

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

  • Properties currently active on the market: 234
  • Single-family properties closed in March 201417
  • Average sales price: $ 394,000
  • Median sales  price: $ 348,000
  • Sales price to list price ratio: 95%
  • Average days on the market: 151
  • Sales currently pending: 26
South Kingstown RI Home Sale Report March 2014

Nothing like a walk in the dunes…

  • South Kingstown home absorption rate: over a one  year of home inventory and it is still a strong buyers market.  There still is a considerable amount of homes on the market for home buyers to choose from.

    Home absorption is the amount of time it will take to sell all the homes currently on the market.

  • Breakdown of the 17 South Kingstown sold homes is as follows for the month of March: 7 homes sold under $300,000, 6 homes sold between $300,000-$400,000, 3 homes sold over $400,000 and 1 home over $1 million.  The under $300,000 home market showed buyers interest for home sales in the past month.
South Kingstown RI Home Sale Report March 2014 gives the home buyer the information they need to make a qualified purchase.  Home sellers need to be very aware of pricing and their competition in the market now.

Given the wintry weather, a 15% increase in home sale prices and number of home sales were up 13% over the prior month.  Home sales March 2014 are down 23% over March 2013.  So there is some pull back in this home market.

 

Take a look at the hottest South Kingstown homes for sale right here and now.  As current as you can get!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, the Amtrak train station in Kingston and good public & private schools.  And yes the great ocean is here with our phenomenal beaches!   This is all a great draw when put together for the South Kingstown home buyer.

I hope that this South Kingstown Year March 2014 home sales report gives you the guidance in this real estate market for the coming year.

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 Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront agent for real estate in RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Ginny raised her family here, played here and knows the South Kingstown neighborhoods and town well. 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 marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.

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