South Kingstown Home Sales Update June 2013
The South Kingstown home sales update for June 2013 is continuing an upward real estate trend.
South Kingstown Home Sales Update June 2013
South Kingstown is a choice southern RI town to reside in with Wakefield RI as the main town center. In addition, with many villages and hamlets within it which correspond to what we would call neighborhoods. Located on the Atlantic Ocean it is pure bliss of a town location to enjoy and live in.
Additionally, South Kingstown waterfront luxury home sales are still plentiful for buyers with cash on hand…you may want to take that jingle to a good real estate agent to help you out! It is said you live once so buy the property of the dreams if you find you can afford to. Let us take a look at what the South Kingstown market is doing this month in home sales and contracts….
The following South Kingstown RI real estate information is provided by Ginny Lacey Gorman of Rhode Island coastal real estate :
- Properties currently active on the market: 277
- Single-family properties closed in June: 57
- Average home sales price: $ 342,750
- Median home sales price: $ 300,000
- Home Sales price to list price ratio: 94%
- Average days a home is on the market: 110
- Median days a home is on the market: 76
- Home Sales currently pending: 35
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South Kingstown RI home sales has a 5 month home absorption rate which makes it a balanced market. This is a huge change for this market as it moved from a buyers market.
South Kingstown Home Sales Update June 2013
- The number of days a home is on the real estate market prior to going into pending status is just under 4 months. What does this mean for home sellers? Sellers are pricing their homes higher than the real estate market can bear. So homes are taking longer to sell. Price to the market and you, as a seller, will sell your home faster and at the market price.
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A breakdown of the 57 South Kingstown RI home sales for June is as follows for the month: 27 homes sold under $300,000, 18 homes sold between $300,000-$400,000, 10 homes over $400,000 and 2 homes over $1 million. The under $300,000 market is continuing to be the strongest market in South Kingstown RI real estate.
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Active homes on the market decreased by 9% over the prior month, pending sales were down by 39% and home sales increased by 58 % over the prior month. However, home sales in June 2013 are down by 58% over June 2012. Last year was a great June was a great month for South Kingstown home sales.
South Kingstown Home Sales Update June 2013
The South Kingstown community is a waterfront South County community that is fortunate to have the University of Rhode Island campus in its borders, cultural music and theater, notable restaurants and good schools. Being a coastal RI town offers great beaches to all its residents whether private, town or state beaches.
If you would like to buy a South Kingstown RI home or interested in selling, contact Ginny Lacey Gorman today at 401.529.7849 or email me at RiByTheBay@gmail.com.
South Kingstown Home Sales Update June 2013.
View South Kingstown, RI in a larger map
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