South Kingstown RI Real Estate Market July 2015

South Kingstown RI Real Estate Market July 2015

The South Kingstown RI real estate report for single family homes showed a drop off in home sales down by 20% over the prior month.  There is a big difference from June to July home sales.  Single family homes sold here have shown a 15%  increase in home sales and a 3% increase in sold home values January 2015- July 2015 compared to the real estate stats for January 2014- July 2014.  A continued good sign for home sellers in South Kingstown with sold numbers still strong in this southern RI real estate community.  It is the driving force of homes under $300,000 and over $400,000 though that is driving these higher home sale numbers up in 2015 so far this year.

 

South Kingstown RI Real Estate Market July 2015

 

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

  • Properties currently active on the market: 259 ( 3% decrease over prior month)
  • Single-family properties closed in the month: 33 (20% decrease over prior month)
  • Average sales price: $ 318,000 
  • Median sales  price: $313,000
  • Sales price to list price ratio: 95% ( 96% in the prior month)
  • Average days on the market: 66 
  • Sales currently pending: 47 (12% increase over prior month)
  • South Kingstown home absorption rate indicates is a buyers market with  7.8 months worth of home 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 balanced real estate market here will remain.
  • Breakdown of the 33 South Kingstown sold homes is as follows for the month: 13 homes sold under $300,000, 12 homes sold between $300,000-$400,000 and homes sold for more than $400,000 but less than a million and 0 homes sold over $1 million.  The under $400,000 home market continues to be the strongest market for real estate continually.  

 

South Kingstown RI Real Estate Market Report July 2015 update gives home buyers and sellers the information they need to make a qualified  real estate decision.  Having a good overview of the real estate home sales in the town you are interested in buying into is an important step in making that home offer.

 

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.

Year to date home sales through July 2015 shows a 15% increase in home sales and a 3% increase in home sold values over year to date through January-July 2014.    It really is the time to purchase a South Kingstown home is now while mortgage rates continue to be low.  Know what you can buy, see a good local mortgage lender, find a RI real estate agent that will protect your interest and buy well.

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.

Recent South Kingstown Home Sale Reports you may be interested in reading:

South Kingstown RI Home Sale Report June 2015

South Kingstown RI Home Sale Report May 2015

South Kingstown RI Home Sale Report April 2015

 

I hope that this South Kingstown real estate current update gives you information and knowledge in this home sale market for the coming year.   As a South Kingstown real estate agent, I work with home buyers and sellers to ensure the best guidance, representation and abilities are used in their real estate negotiations.  Knowing the septic changes in the Critical Resource Areas  or flood zones in South Kingstown ensures when you work with me that you will know your costs well when home buying or selling.

 

Being a local South Kingstown real estate agent, having lived in this community for years and raising my family here keeps me in touch with this community.  Call me, Ginny Gorman, at 401.529.7849 or email me at ginny@RiHouseHunt.com for the guidance you need in selling South Kingstown RI real estate.

 

Get the latest and most current South Kingstown homes for sale right here:

 

South Kingstown RI Real Estate Market July 2015

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Whether you are buying or selling in the South Kingstown real estate market or anywhere in Washington County, RI I would like the opportunity to earn your trust and business. I am well versed in all types of residential real estate and will ensure your needs are my top priority!

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