Update| South Kingstown Real Estate Market| Rhode Island Real Estate
August 2012
Catch the Waves Now- Summer is Over
36 South Kingstown homes have been sold in August 2012, as follows:
1 home sold for $ 1 million
3 homes sold over $400,000
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9 homes sold for between $300,000-$400,000
11 homes sold for under $300,000
South Kingstown August 2012 home sales are down 33%% over July. Sold homes have decreased by 12.
South Kingstown’s Average Home Sale Price in August 2012 was $366,302. This month South Kingstown Rhode Island real estate homes sold on average for 97% of list price and were on the real estate market for 109 days on average.
South Kingstown Median Home Sale Price in August 2012 was $317,500. South Kingstown homes sold for a median price point of 97% of list price and were on the real estate market for 76 days. Remember the median sale price is the midpoint of all home sale prices (half the home sales are below this amount as well as above this dollar figure).
Increase on days on market but sales prices were higher last month than the prior month.
Update| South Kingstown Real Estate Market| Rhode Island Real Estate
There were 264 South Kingstown homes for sale in August 2012 which was a 6 % decrease in home inventory over the prior month.
South Kingstown is the South County town with the most home sales consistently this year. However, the waterfront South Kingstown homes for sale sell slowly.
There are 48 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing and the pending numbers are up by 6 homes).
Yet, the home absorption rate for South Kingstown homes for sale remains high. Pricing is key to selling a home in this market – along with the right location and condition.
1 South Kingstown short sale closed in August 2012.
If you are seeking a South Kingstown home to buy or sell or interested in the South Kingstown RI real estate market, give me a call at 401.529.7849. I raised my family in South Kingstown for 20 years and know the value of homes, schools, happenings and South Kingstown neighborhoods well.
Update| South Kingstown Real Estate Market| Rhode Island Real Estate.
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Ginny Lacey Gorman, real estate agent is your go to South 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.
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. RI agent in the sparkly red shoes…because there is no place like home!
