South Kingstown RI Home Sales | December 2012


South Kingstown RI Home Sales | December 2012


South Kingstown RI real estate

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Real estate market data for South Kingstown, RI for December and the year is provided by Ginny Lacey Gorman of waterfront RI real estate:

  • Properties currently active on the market: 191
  • Single-family properties closed in December 2012: 24
  • Average sales price: $ 411,116
  • Median sales  price: $325,000
  • Sales price to list price ratio: 94%
  • Average days on the market: 136
  • Sales currently pending: 29
  • South Kingstown home absorption rate: 6.1 months of home inventory is a balanced market

    between buyers and sellers.  It has been many years since we have seen this scenario in South Kingstown real estate or any town in Washington County.

    Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the home market.

  • Breakdown of South Kingstown sold homes is as follows for the month: 10 homes sold under $300,000, 7 homes sold between $300,000-$400,000, 6 homes sold over $400,000 and 1 home over $1 million.  The under $300,000 market is continuing to be the strongest market in South Kingstown home sales.
South Kingstown RI Home Sales | December 2012 Year End Results

The South Kingstown RI home real estate market has been a strong selling market all year with number of home sales up 19% over 2011 through December 2012!  Home prices have increased year to date for 2012 by 5%.  South Kingstown has been a very strong town in the improving RI real estate market.

      Homes Sold    Average  Sales Price    List Price/Sale Price    Days on Market

2011:     256                              $ 314,424                               93%                                          127

2012:    305                              $ 331,634                               94%                                          127

Interesting that even with the home price increase in sold homes, the number of Days on Market for a home until agreement stayed constant year over year and a better List Price to Sale price.

The South Kingstown community is a waterfront South County community that is fortunate to have the University of

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Rhode Island campus in its borders, cultural music and theater, notable restaurants and good schools.  This is all a great draw when put together for the searching South Kingstown home buyer.

Looking for a waterfront RI Real Estate Agent that not only knows her South County real estate market but markets her clients homes with maximum exposure on line with successful sales.  I would love the opportunity to help you.  This is what I do every day with enthusiasm and drive for my clients!

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

South Kingstown RI Home Sales | December 2012.  


 Ginny Lacey Gorman is your go to waterfront Rhode Island agent for real estate in RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email her at to make an appointment to find the home of your 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.