South Kingstown RI Real Estate Market March 2015

South Kingstown RI Real Estate Market March 2015

 

The South Kingstown RI real estate report for single family homes for March 2015 indicates a turnaround in home sales up by 30% over the prior month.  Single family homes sold here have shown a 30%increase and a 25% increase in sold home values over the prior month.  A positive sign for home sellers in South Kingstown with numbers and home values.

* home sale numbers were adjusted downwards due to 8 condo boat slips that were allowed in the MLS sales numbers but are not true real estate.

 

 South Kingstown RI Real Estate Market March 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: 186( 6% increase over prior month)
  • Single-family properties closed in March 2015: 26 (30% increase over prior month)
  • Average sales price: $ 374,000 (25% increase over prior month due to 2 home sales over $1 million)
  • Median sales  price: $325,000
  • Sales price to list price ratio: 93% ( 94% in the prior month)
  • Average days on the market: 117 (25% decrease from prior month)
  • Sales currently pending: 31 (26% decrease over prior month)
  • South Kingstown home absorption rate indicates it is nearly a balanced market with 7.1 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.
  • Breakdown of the 26 South Kingstown sold homes is as follows for the month: 12 homes sold under $300,000, 4 homes sold between $300,000-$400,000, homes sold for more than $400,000 but less than a million and 2 homes sold over $1 million.  The under $300,000 home market continues to be the strongest market for real estate right now.  

 South Kingstown RI Real Estate Market March 2015

South Kingstown RI Real Estate Market Report March 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 RI 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 March 2015 shows a 19% increase in home sales and a 1% decrease in home sale values over year to date March 2014.    It really is the time to purchase a South Kingstown home is now while mortgage rates are rock bottom to buy and inventory is up.

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 February 2015

South Kingstown RI Home Sale Report January 2015

South Kingstown RI Home Sale Report December 2014

South Kingstown RI Home Sale Report November 2014

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 South Kingstown homes for sale right here:

South Kingstown RI Real Estate Market March 2015

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Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront and luxury real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate 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 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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