South Kingstown RI Real Estate Market Report – New Year’s Beginning- January 2012
19 South Kingstown homes have been sold in January 2012, as follows:
3 homes sold over $400,000
7 homes sold for between $300,000-$400,000
9 homes sold for under $300,000
Average Home Sale Price in January 2012 was $294,631
South Kingstown homes sold for 93% of list price and was on the real estate market for 111 days on average
There were 207 South Kingstown homes for sale in January 2012 which was a 4 % decrease over the prior month which is a continued decreased in homes on the market. The number of sold homes was equal to December’s sales and South Kingstown remains the strongest town in home sales in South County RI yet it also has the most homes for sale.
South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are selling slowly. The choice of oceanfront homes is there for the buyers who are discerning home buyers and can see that choice property priced well is one of a kind to buy.
There are 24 homes in pending status in South Kingstown RI (pending sales are awaiting closing and are up by 3 homes over the prior month). Yet, the home absorption rate for South Kingstown homes for sale remains at 10 months and continues as a buyers market. Pricing is key to selling a home in this market – the right and market price.
No South Kingstown short sales closed in January.
Mortgage rates remain amazingly low for all home buyers! If you are seeking a South Kingstown home to buy or sell or interested in the RI Real Estate market, give me a call at 401.529.7849. I raised my family in South Kingstown and know the value of homes and South Kingstown neighborhoods very well.
South Kingstown RI Real Estate Market Report – New Year’s Beginning.
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.
As a North Kingstown short sale agent, 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.