Discover South Kingstown RI Real Estate – July 2012

Discover South Kingstown RI Real Estate – July 2012

 

36 South Kingstown homes have been sold in July, as follows: 

    1 home sold for $ 1 million   

    4 homes sold over $400,000

     10 homes sold for between $300,000-$400,000
21 homes sold for under $300,000

 

Discover South Kingstown Real Estate Market

South Kingstown July 2012 home sales are up 20% over the prior month.   The number of sold homes has increased by 6 homes this month over June.

 

 

South Kingstown’s Average Home Sale Price in July 2012 was $297,011. This month South Kingstown Rhode Island real estate homes sold on average for 94% of list price and were on the real estate market for 87 days on average.  

 

South Kingstown Median Home Sale Price in July 2012 was $255,000. South Kingstown homes sold for a median price point of 93% of list price and were on the real estate market for 47 days.   Remember the median sale price is the midpoint of all home sale prices (half the sales are below as above this dollar figure).

Discover South Kingstown Real Estate Market

There were 281 South Kingstown homes for sale in July 2012 which was a 2% decrease in home inventory over the prior month.

South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are selling slowly. 

 

There are 42 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing and the pending numbers are down by 12 homes).

 

Yet, the home absorption rate for South Kingstown homes for sale remains high and continues as a buyers market. Pricing is key to selling a home in this market – along with the right location and condition.

 

2 South Kingstown short sales closed in July 2012.

 

If you are seeking a South Kingstown home to buy or sell or interested in the South Kingstown RI real estate market, give me a call at 401.529.7849. I raised my family in South Kingstown for 20 years and know the value of homes, schools, happenings and South Kingstown neighborhoods well.

 

Discover South Kingstown Real Estate Market – July 2012.

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Ginny Lacey Gorman is your go to North Kingstown Real estate agent for real estate in South 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 her specialty but all of RI is her 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. RI real estate agent in the sparkly red shoes…because there is no place like home!