South Kingstown RI Real Estate Market Report for 2011- Year End
19 South Kingstown homes have been sold in December, as follows:
1 home sold over $400,000
4 homes sold for between $300,000-$400,000
14 homes sold for under $300,000
There were 219 South Kingstown homes for sale in December 2011 which was a 8 % decrease over the prior month (same as November).
South Kingstown continues to have a good supply of homes for sale and the waterfront South Kingstown homes for sale are selling slowly.
One South Kingstown short sale closed in December.
There are 21 homes in pending status in South Kingstown RI (pending sales are down by 2 homes over the prior month). Yet, the home absorption rate for South Kingstown RI real estate remains at 10 months and remains a buyers market.
–Average South Kingstown home sales price was $314,442
-Homes sold at 94% of list price
–Homes sold were on the market for 122 days.
As you can see 55% of the 2011 South Kingstown home sold were under $300,000, 28% were $300,000-$400,000 and 17% were over $400,000. All to compare against the new year of 2012 home sales. During 2011, 5 South Kingstown homes sold for over $1 million. However, overall single family home sales were down by 6% in 2011 over 2010.
Still a great and expansive location for luxury and oceanfront homes to buy in South Kingstown. Here is to a great 2012!
Other South County RI towns Year End Market Reports:
North Kingstown RI Real Estate Market Report – December 2011 & Year End
Narragansett RI Real Estate Market Report – Year End
Charlestown RI 02813 Real Estate Market Report – Year End
You are never too far from the South Kingstown beaches wherever you buy here! South Kingstown RI Real Estate Market Report for 2011 Year End.
Ginny Lacey Gorman is your go to South Kingstown agent for homes in South Kingstown RI and beyond…knowing the geographic area, schools, happenings,important tidbits of information and businesses well.
As North Kingstown short sale agents, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.
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.