South Kingstown RI Real Estate Report November 2015

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South Kingstown RI Real Estate Report November 2015

The South Kingstown RI real estate report for single family homes showed an decrease in home sales by 9% over the prior month.   Single family homes sold here have shown a 2%  increase in home sales and a 2% increase in sold home values January 2015- November 2015 compared to the real estate statistics for January 2014- November 2014.  It is still a stable RI real estate market here where the key to home sales is pricing well to what the market says a home is worth.  This slowdown shows that the late fall market is a typical slowdown for home sellers yet 33 homes closed last month.

 

South Kingstown RI Real Estate Report November 2015

 

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

Housing update for South Kingstown RI for November 2015:

 

  • Properties currently active on the market: 219 ( 9% decrease over prior month)
  • Single-family properties closed in the month: 33 (13% decrease over prior month)
  • Average sales price: $ 358,000 
  • Median sales  price: $305,000
  • Sales price to list price ratio: 95% ( 96% in the prior month)
  • Average days on the market: 72 (decreased by 1 month over prior month) 
  • Sales currently pending: 34 (19% decrease over prior month)

 

  • South Kingstown home absorption rate indicates a balanced market with 6.6 months worth of home inventory.  Home absorption is the amount of time it will take to sell all the homes currently on the market without adding to it.  If sales continue this way a balanced real estate market here will remain.
  • Breakdown of the 33 South Kingstown sold homes is as follows for the month: 16 homes sold under $300,000, 8 homes sold between $300,000-$400,000, 8 homes sold for more than $400,000 but less than a million and 1 home sold over $1 million.  The under $400,000 home market continues to be the strongest market for real estate continually.  

 

  • The average square foot sales price of a home sold this year, so far, in South Kingstown is $216/sq.ft. through November 2015. A house in South Kingstown took 103 days to get into a sales contract so far in 2015.

 

The highest priced home sold this month here was $1,000,000 and located in the Yawgoo suburban neighborhood on a pond.

South Kingstown RI Real Estate Market November 2015

 

340 homes were sold in South Kingstown from January-November 2015 with an average price sold of $340,000 as compared to 332 homes sold in town from January-November 2014 with an average price of $337,000.

 

South Kingstown RI Real Estate Market Report November 2015 update gives home buyers and sellers the information they need to make a qualified  real estate decision.  Having a good overview of the South Kingstown RI real estate home sales in the town you are interested in buying into is an important step in making that home offer.

 

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 South Kingstown real estate agent about marketing.  Ensuring a targeted marketing plan to home buyers online is an essential part of my RI real estate marketing including great photography.

Year to date home sales through November 2015 shows a 2% increase in home sales and a 2% increase in home sold values over year to date through January-November 2014.    It really is the time to purchase a South Kingstown home is now while mortgage rates continue to be low since they are going up.  Know what you can buy, see a good local mortgage lender, find a RI real estate agent that will protect your interest and buy well.

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.  And yes the Atlantic ocean is ever present with Rhode Island’s beautiful beaches!   This is all a great draw when put together for any South Kingstown home buyer.

 

Get the latest and most current South Kingstown homes for sale right here between $200,000-$600,000:

I hope that this South Kingstown real estate current update gives you information and knowledge in this home sale 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  or flood zones in South Kingstown ensures when you work with me that you will know your costs well when home buying or selling.

 

Being a local South Kingstown real estate agent, having lived in this community for years and raising my family here keeps me in touch with this community well.  Call me, Ginny Gorman, at 401.529.7849 or email me at ginny@RiHouseHunt.com for the guidance you need in selling South Kingstown RI real estate.

 

South Kingstown RI Real Estate Market November 2015

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