South Kingstown RI Home Sale Report April 2014
As one of the sought after Rhode Island southern towns for living and enjoyment, the South Kingstown RI home sale market report for single family homes for April 2014 follows.
Oceanfront South Kingstown RI Living at Green Hill
This month’s real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate:
- Properties currently active on the market: 249
- Single-family properties closed in April 2014: 13
- Average sales price: $ 379,000
- Median sales price: $ 303,000
- Sales price to list price ratio: 96%
- Average days on the market: 112
- Sales currently pending: 54
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South Kingstown home absorption rate: over a one year of home inventory and it is still a buyers market. There still is a considerable amount of homes on the market for home buyers to choose from.
Home absorption is the amount of time it will take to sell all the homes currently on the market.
- Breakdown of the 13 South Kingstown sold homes is as follows for the month of April: 5 homes sold under $300,000 and 8 homes sold between $300,000-$400,000. The under $400,000 home market was the strongest buyers interest in home sales in the past month.
South Kingstown RI Home Sale Report April 2014 gives the home buyer the information they need to make a qualified purchase. Home sellers need to be very aware of pricing and their competition in the market now.
The spring market has shaken off the winter doldrums but paused this month with a 24% drop in home sales over the prior month. Home sales April 2014 are down 6% over April 2013 yet home prices are up 5% over the same period. So there is a mix of positive and negative signs here but having home prices increase is great for home sellers.
Take a look at the hottest South Kingstown homes for sale right here and now. As current as you can get!
The South Kingstown community is a waterfront South County community that is fortunate to have the University of Rhode Island campus in its borders, cultural music and theater, notable restaurants, the Amtrak train station in Kingston and good public & private schools. And yes the great ocean is here with our phenomenal beaches! This is all a great draw when put together for the South Kingstown home buyer.
I hope that this South Kingstown Year April 2014 home sales report gives you the guidance in this real estate market for the coming year.
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Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront agent for real estate in RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Ginny raised her family here, played here and knows the South Kingstown neighborhoods and town well. Email her at Ginny@RiHouseHunt.com to discuss your home dreams too!
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard. When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.
