Where is the North Kingstown RI Real Estate Market Today?

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Where is the North Kingstown RI Real Estate Market Today?

 

waterfront north kingstown real estate

It is a great view!


Where is the North Kingstown RI Real Estate Market Today?

The town of North Kingstown is located in the southern part of RI with an amazing coastline on Narragansett Bay.  It is a suburban community that is centrally located in the state with many North Kingstown neighborhoods to enjoy and live in.  Moving to North Kingstown?  Find out more about the community and the waterfront RI real estate it has to offer.

North Kingstown RI single family home sales for September 2012 were as follows:

North Kingstown Rhode Island Real Estate Market Update

 

16 North Kingstown homes sold

  3 homes sold over $400,000

  5 homes sold for between $300,000-$400,000

   8 homes sold for under $300,000

Where is the North Kingstown RI Real Estate Market Today?

Average Home Sale Price in September 2012 was $262,581,  homes sold for 94% of  average list price and were on the real estate market for 118 days on average.

 

Median Home Sale Price in September 2012 was $265,000, homes sold for 95% of median list price and were on the real estate market for 64 days.  Median price is down and days on market to a sales agreement is up.  

There were 188 North Kingstown homes for sale in September 2012 which is a 10% decrease in home inventory over August.

 

Yet, if you look at the sales numbers above it is interesting how strong the North Kingstown real estate market is here for homes under $300,000.  However, home sales in North Kingstown dropped by 36% last month, yet pending home sales balance  it off by being up 48%.

 

There was 1 North Kingstown short sale sold in September 2012.
North Kingstown RI has a supply of waterfront North Kingstown homes for sale for over $1 million.  There were 11 North Kingstown luxury homes for sale over $1 million.

 

There are 39  pending homes sales at present which is a 48% increase from August.   It remains a good time to buy Rhode Island real estate while mortgage rates remain low and home choices are available.  Begin to explore some of the North Kingstown neighborhoods here .

 

When you need guidance call me at 401.529.7849 and let my Rhode Island real estate knowledge guide you.   I’d love the opportunity to help or email me at RiByTheBay@gmail.com to schedule an appointment.

 

Where is the North Kingstown RI Real Estate Market Today?

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Ginny Lacey Gorman is your go to North Kingstown agent for real estate in North Kingstown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. 

 Waterfront, oceanfront, luxury and coastal RI real estate are my specialty but all of RI is my backyard.  When you are in need of a good professional for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.