North Kingstown Condominium Market 2015
North Kingstown Condo Complexes | For Sale and Sold Condos in 2015
This North Kingstown RI condo market year end report of the condo complexes was a busy condo sale market in 2015. Being a geographically centered Rhode Island town, on the water of Narragansett Bay, having the notable RI Wickford Village within its borders, great schools all contribute to maintaining North Kingstown home and condo resale values.
It is a town home buyers are attracted to for its closeness to Providence, the airport and southern RI beaches. Condo sales here are down by 13% in 2015 over 2014. There were 33 condos sold in 2015 and 38 condos sold in 2014 in North Kingstown. The prior year was a strong real estate market for condos and now homes have had their turn. Home sales were up by 12% for 2015 over 2014 as compared to the decrease in condo sales during the same time period.
Different buying patterns are evident with these homes versus condo buys this past year. Yet, condo buyers whether they are looking to downsize from the McMansion to looking for a vacation place find that the ease and care of condo living is attractive and it will continue to be a good market. The lack of new build condos that give privacy to its owners will always be of good value to these buyers who buy into a current complex.
Let us look at the state of the North Kingstown condo market year end report for 2015 and compare it to the prior year. Here is the compilation of condo sales statistics for the year:
- Condo sales 33 (13% decrease from 2014)
- Highest condo sale price $629,000 (Quidnessett country club condo)
- Lowest condo sale price $133,000
- Average condo sale price $259,000 (4% lower than 2014)
- Median condo sale price $249,000 (41% higher than 2014)
- Condo square footage 1364 sq.ft. (4% higher than in 2014) average
- Square foot condo cost $180 per square foot (10% higher than 2014) average
- Sale price to list price 97% (96% in 2014)
- Days on market 108 days ( 4% increase over 2014)
Let us now review the North Kingstown condos and the complexes that sold this past year (excludes private sales):
Cardinal Ridge complex – 2 sales
Cedarhurst complex – 5 sales
Hamilton Gate complex – 3 sales
Hamilton Farm complex – 1 sale
Hamilton Harbour complex – 4 sales
Lafayette Place complex – 1 sale
Oceanwoods complex – 1 sale
Quidnessett Country Club complex – 2 sales
Saw Mill complex – 9 sales
Updike complex – 2 sales
Slocum Heights complex – 3 sales
There were no sales in the following condo complexes in North Kingstown this past year: Fairways, Heritage Gardens, Wickford Glen, Wickford Condos or Villas at Mountain Laurel.
Always get the most current and up to date North Kingstown condos for sale here:
The choice of North Kingstown condos for sale are there for the buyers. Whether you want one, two or three bedroom condos seek out the right buyers’ agent to guide you ( it costs you nothing for the service). Knowing the RI condo complexes, amenities, restrictions and other variables should be an important part of your buying needs.
Whether you are buying or selling in the North Kingstown real estate market or anywhere in southern RI I would like the opportunity to earn your trust and business. I am well versed in all types of residential real estate, a top listing and buyer’s agent and will ensure your needs are my top priority! Reach out to me, Ginny Gorman, at 401.529.7849 or email me at RiByTheBay@gmail.com.
North Kingstown RI Condo Market Year End Report
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