South Kingstown RI Real Estate Market January 2015

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South Kingstown RI Real Estate Market January 2015

 

The South Kingstown RI real estate report for single family homes for January 2015 indicates a dramatic 56% decrease in home sale numbers over the prior month due to bad weather.  Single family homes sold here have shown a 20% decrease but a 19% increase in sold home values year over year January 2014 to January 2015.

South Kingstown RI Real Estate Market January 2015

 

This month’s South Kingstown real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate:

  • Properties currently active on the market: 182 ( 4% decrease over prior month)
  • Single-family properties closed in January 2015: 16 (56% decrease over prior month)
  • Average sales price: $ 479,000 
  • Median sales  price: $333,000
  • Sales price to list price ratio: 93% ( 94% was the prior month)
  • Average days on the market: 103 (24% decrease from prior month)
  • Sales currently pending: 41 (5% decrease over prior month)

  • South Kingstown home absorption rate indicates it is a buyers market with over 12 months worth of home inventory at present.  Home absorption is the amount of time it will take to sell all the homes currently on the market.

  • Breakdown of the 16 South Kingstown sold homes is as follows for the month: 7 homes sold under $300,000, 4 homes sold between $300,000-$400,000, 3 homes sold for more than $400,000 but less than a million and 2 homes sold for more than a million dollars.  The under $300,000 home market continues to be the strongest buyers interest in home sales.  There is no doubt that the inclement weather is impacting home sales in South Kingstown this winter.  Looking forward to the pick up in real estate activity this spring.
Ginny Lacey Gorman is your go to North Kingstown Rhode Island waterfront Realtor® for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs. 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 Realtor® who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 today.

South Kingstown RI Real Estate Market Report January 2015 update gives home buyers and sellers the information they need to make a qualified  real estate decision.

Home sellers need to be very aware of pricing and their competition in the real estate market now…understand the secret sauce of pricing a home and talk with an internet savvy real estate agent about marketing.


  South Kingstown RI Real Estate Market January 2015
The home sales for January 2015 shows 7 less homes sold than January 2014. Home sold prices have increased by 1% in 2014 over 2013.  This is a solid platform to build on in 2015 for home values.   Listen home buyers… it will probably now cost you more to buy the same house as compared to a year ago here….time to purchase a South Kingstown home is now while mortgage rates are rock bottom to buy.

South Kingstown RI Real Estate Market January 2015

Take a look at the hottest South Kingstown homes for sale right here and now.  As current as you can get everyday with the best and most thorough Rhode Island real estate information provided to the consumer.

The South Kingstown community is a waterfront southern RI town 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.  It is bordered by Narragansett, North Kingstown and Charlestown towns too.   And yes the Atlantic ocean is here with Rhode Island’s phenomenal beaches and this could be your ultimate location!   This is all a great draw when put together for the South Kingstown home buyer.

Recent South Kingstown Home Sale Reports you may be interested in reading:

South Kingstown RI Home Sale Report December 2014

South Kingstown RI Home Sale Report November 2014

South Kingstown RI Home Sale Report October 2014

South Kingstown RI Home Sale Report September 2014

I hope that this South Kingstown home sale update gives you the information and guidance in this real estate market for the coming year.   As a South Kingstown real estate agent, I work with home buyers and sellers to ensure the best guidance, representation and abilities are used in their real estate negotiations.  Knowing the septic changes in the Critical Resource Areas of South Kingstown ensures when you work with me that you will know your costs well when home buying or selling.

Being a local real estate agent, having lived in this community for years and raising my family here keeps me in touch well with this community.  Call me, Ginny Gorman, or email me at ginny@RiHouseHunt.com when you require assistance in your buying and selling RI real estate needs.

Some current South Kingstown homes for sale under $600,000, as follows:

South Kingstown RI Real Estate Market January 2015

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Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront and luxury marketer for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
 
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 Gorman at 401.529.7849 today.