North Kingstown RI Real Estate Report December 2014 Year End
This is the North Kingstown RI single family housing market update for December 2014 and year end provided by Ginny Lacey Gorman of RI coastal real estate. Winter has arrived and the waters are exhibiting their blue grey color along the Bay. Year to date home sales here have slipped 5% from 2013 through December. Home sale values are up by +4 % in 2014 over 2013 which is good for home sellers and homeowners.
In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay and great real estate that draws home buyers here. North Kingstown is nearly in the center of RI which makes commuting to Providence or south an added bonus to all who live here.
The month of December 2014 North Kingstown real estate data is as follows:
- Properties currently active on the market: 169 (-10% decrease over prior month)
- Single-family properties closed: 21 (same as prior month)
- Average sales price: $ 321,000
- Median sales price: $ 280,000
- Sales price to list price ratio: 96% ( same as last month)
- Average days on the market: 66 ( -16% decrease over prior month)
- Sales currently pending: 22 ( 21% decrease over prior month)
North Kingstown home absorption rate for the month is 8 months of home inventory (a normal market is 5-7 months of inventory and considered a balanced market). The home inventory has decreased a bit. Based on this most recent home sales data, the North Kingstown real estate market is a buyers market.
- 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 current home inventory.
- Breakdown of the 21 North Kingstown sold homes is as follows for the month: 11 homes sold under $300,000, 4 homes sold between $300,000-$400,000 and 6 homes sold over $400,000. The under $300,000 market remains a strong selling market in home sales this month.
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The North Kingstown RI home market is a viable and an active real estate market. Know the secret sauce to pricing your home to get it sold today! Pricing, timing, condition and location of the home are spot on keys to a sellers success here.
Home Sales in North Kingstown for 2014
North Kingstown Home sales January – December 2014 compared to January – December 2013 shows a 5% decline (from 318 homes in 2013 to 303 homes in 2014) in home sales and a 4 % increase (from $326,000 in 2013 to $339,000 in 2014) in home sold prices. Real estate values have risen here which indicates a stronger North Kingstown real estate market in 2015. These are facts and figures every seller needs to know.
Looking for North Kingstown homes for sale? Or perhaps you are considering relocating to North Kingstown? Click the highlighted links to explore the right RI reasons to buy in North Kingstown and one of the many desirable neighborhoods here.
North Kingstown RI Real Estate Report November 2014
North Kingstown RI Real Estate Report October 2014
North Kingstown RI Real Estate Report September 2014
North Kingstown RI Real Estate Report August 2014
Finding the most knowledgeable information for this town when you are home buying or selling is essential. Talk with me about North Kingstown real estate and what you need to know in this market.
North Kingstown RI Real Estate Report December 2014 Year End
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I would love the opportunity to help you market and sell your home for the right price and earn your trust. I am a totally ‘hands on’ top selling North Kingstown RI coastal and luxury real estate agent leaving no home unturned for my RI buyers and sellers! Contact me, Ginny Lacey Gorman, today at 401.529.7849 or email me at ginny@RiHouseHunt.com.
Working with home sellers everyday to list, promote and market homes successfully for clients. I live, work and play in North Kingstown and know this town like the back of my hand. Hope you found the single family North Kingstown RI Real Estate Market Report more than a good read and the right information to take forward.
