South Kingstown RI Real Estate Market Report November 2014

South Kingstown RI Real Estate Market Report November 2014

 

The South Kingstown RI real estate report for single family homes for November 2014 indicates a 22% decrease in home sale volume over the prior month.  This season of single family homes sold here has shown a 2% increase in home sales and a 1% increase in sold home values year over year through November 2014 as compared to the same time period in 2013.  Sustaining this growth in home sales should be an encouraging factor for sellers.

South Kingstown RI Real Estate Market Report November 2014

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: 224 ( -10% decrease over prior month)
  • Single-family properties closed in November 2014: 32 (22% decrease over prior month)
  • Average sales price: $ 341,000 
  • Median sales  price: $295,000
  • Sales price to list price ratio: 96% ( 95% was the prior month)
  • Average days on the market: 106 (5% increase from prior month)
  • Sales currently pending: 48 (-4% decrease over prior month)
  • South Kingstown home absorption rate indicates it is nearly a balanced real estate market.  Home absorption is the amount of time it will take to sell all the homes currently on the market.  This is a real estate market that neither favors buyers or sellers.

  • Breakdown of the 32 South Kingstown sold homes is as follows for the month: 17 homes sold under $300,000, 6 homes sold between $300,000-$400,000, homes sold for more than $400,000 but less than a million.  The under $300,000 home market continues to be the strongest buyers interest in home sales.  Looking at the continued high number of pending homes awaiting closing, this housing market continues to be a desirable area for home buyers.
South Kingstown RI Real Estate Market Report November 2014

South Kingstown RI Real Estate Market Report November 2014 gives the home buyer the information they need to make a qualified  home purchase.

 

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 real estate agent about marketing.


 The fall market has slowed with a 22% decrease in home sales over the prior month.  The  2014 year to date home sales through November 2014 shows 15 more sold homes over the same time period compared to 2013 through November 2013.  Home prices have increased by 1% 2014 ($3000 on average increase) year to date, as compared to last year y-t-d through November.  

 

What we have in South Kingstown real estate is an uptick slightly in home sales so far in 2014.  A lot of this has to do with the strength of the real estate market under $300,000 as well as the over $400,000 market here.  Still this is a healthy real estate market to buy into and the living style is one all homeowners in South Kingstown appreciate.

 

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.  It is bordered by Narragansett, North Kingstown and Charlestown towns too.   And yes the Atlantic ocean is here with our phenomenal beaches and could be your ultimate location!   This is all a great draw when put together for the South Kingstown home buyer.

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

South Kingstown RI Home Sale Report October 2014

South Kingstown RI Home Sale Report September 2014

South Kingstown RI Home Sale Report August 2014

 

I hope that this South Kingstown November 2014 home sale update gives you the information and guidance in this real estate 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. Being a local real estate agent, having lived in this community for years and raising my family here keeps me in touch.  Call me, Ginny Gorman, at 401.529.7849  or email me at ginny@RiHouseHunt.com when you require assistance in your buying and selling RI real estate needs.

 South Kingstown RI Real Estate Market Report November 2014.

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 Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront real estate 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 sale 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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