South Kingstown RI Real Estate Market Statistics – January 2011

 South Kingstown RI Real Estate Market Statistics – January 2011

Real Estate Market Stats

The South Kingstown RI Real Estate Market Statistics for January 2011 are as follows:

19 South Kingstown RI homes sold, breakdown as

3 homes sold for over $400,000
8 home sold for between $300,000-$400,000
8 homes sold for less than $300,000

In January 2011 there were 193 South Kingstown homeson the market which is nearly equal (1 less) to the number of homes in December 2010 for sale.

The home inventory is remaining constant with the new year and sellers prepare for the spring housing market.  Choices of homes remains fairly consistent as ready, willing and able buyers are actively looking to make their purchases now while mortgage rates remain at lower levels.  Some people remind me that the early 80’s had mortgage interest rates up to 18%!

South Kingstown RI homes sold for January 2011 were up from 17 sold the prior month to 19 homes sold.

With the snowy and wintry season upon us, this is an unusual pattern.  Actually the heavy snows have negatively impacted the home buying market in the surrounding towns in January but South Kingstown homes for sale have stayed level.

Yet, South Kingstown RI as a suburban community offers a strong school system, Courthouse Center for the Arts and available senior programs as attributes a buyer looks for in settling on a place to live.  And don’t forget the marvelous South Kingstown Free Public Libraries– not just one in town but three libraries servicing the residents.

Pending home sales remain up which is a good  indication that South Kingstown home sales will be strong. There are no waterfront homes in pending status in South Kingstown RI this past month and being a coastal home on Narragansett Bay or on the ocean is a big draw for many buyers due to recent attractive pricing of them.

South Kingstown pending home sales continue to be strong with 26 homes in contract agreement by month end.

There was only 1 fewer home in pending than the prior month indicating that demand remains steady as buyers still are actively looking for the right price, location, features and condition in homes in South Kingstown RISouth Kingstown RI Real Estate Market Statistics – January 2011.