South Kingstown RI Real Estate Market Report for 2011 is promising.
19 South Kingstown homes have been sold in December, as follows:
1 home sold over $400,000
4 homes sold for between $300,000-$400,000
14 homes sold for under $300,000
There were 219 South Kingstown homes for sale in December 2011 which was a 8 % decrease over the prior month (same as November).
South Kingstown continues to have a good supply of homes for sale and the waterfront South Kingstown homes for sale are selling slowly. One South Kingstown short sale closed in December. There are 21 homes in pending status in South Kingstown RI (pending sales are down by 2 homes over the prior month). Yet, the home absorption rate for South Kingstown homes for sale remains at 10 months and remains a buyers market.
Overall 255 South Kingstown homes sold in 2011.
-Average South Kingstown home sales price was $314,442
-Homes sold at 94% of list price
-Homes sold were on the market for 122 days.
As you can see 55% of the 2011 South Kingstown home sold were under $300,000, 28% were $300,000-$400,000 and 17% were over $400,000. All to compare against the new year of 2012 home sales. During 2011, 5 South Kingstown homes sold for over $1 million. Still a great and expansive location for luxury and oceanfront homes to buy in South Kingstown. Here is to a great 2012!
Other Washington County Real Estate Market Reports:
You are never too far from the South Kingstown beaches wherever you buy here! Now is the time before the summer weather is upon us. South Kingstown RI Year End Real Estate Market Report for 2011 .
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the South Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.