Green Hill Beach- South Kingstown RI Real Estate picture

 South Kingstown RI Year End Real Estate Market Report for 2011.

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.

 Chart on 2011 South Kingstown RI Sold Homes

 

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:

North Kingstown RI Real Estate Market Report

 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 .

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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.

This blog © and its contents is original to Ginny Lacey Gorman

Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate  

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ...  I sell dreams!  because there is no place like home...the RI Realtor in the Sparkly Red Shoes.

Looking for a terrific Rhode Island Realtor?  Let me GOOGLE one for you!

            

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cell: 401.529.7849   office: 401.884.4100 ext.268   Ginny Lacey Gorman, Realtor

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16 Comments on South Kingstown RI Year End Real Estate Market Report

JAN
05
2012
936,912 Points 74 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Ginny: Despite the slight slowdown from November, sales in South Kingstown RI remain solid.  Very good market report.
6:11am • #1
221,830 Points 5 Featured Posts Called Shot Master

Hi Ginny -a very warm New Year greeting to you from me in sunny Fort Lauderdale!
6:14am • #2
1,138,579 Points 154 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Nice job Ginny.  And, I'm sure as spring comes, things will really pick up as people think about summer homes.  South Kingstown RI sounds like a wonderful place to live.
6:16am • #3
796,563 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Anita, all things come full circle and this market is improving.

Marco, we so appreciate the warm breeze & wishes headed our way!

Debbie, the weather actually is beneficial to all the people who continue to seek homes...
6:44am • #4
1,520,490 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Good morning, Ginny....South Kingstown has a big supply of homes....this is a prime opportunity for potential buyers to make the move and call Ginny Gorman, the North Kingstown Realtor...
6:58am • #5
234,764 Points 37 Featured Posts Outside Blog Called Shot Master

Hi Ginny.   Nice report of the South Kingstown real estate market.   Valuable info for Buyers and Sellers.   
7:52am • #6
1,242,529 Points 158 Featured Posts Outside Blog Called Shot Master

Good morning, Ginny. I really hope that some of these transactions were yours...
8:04am • #7
451,398 Points 10 Featured Posts Outside Blog Called Shot Master

Good Morning Ginny, over all seems like the market is fairly steady for 2011 and looking forward to more growth in 2012. Good Luck
8:33am • #8
941,169 Points 94 Featured Posts Outside Blog Attended Rain Camp

Sounds like there were a fair amount of closings last month. I wonder what January will bring.
9:38am • #9
956,972 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Ginny, looks like 2011 was a good year, and hope 2012 will be even better!    Great information for those buyers and sellers in and around South Kingston!
10:58am • #10
1,057,134 Points 27 Featured Posts Outside Blog Called Shot Master

I wish we got statistics for each month as rapidly as other areas of the country. Ours come out around the 15th of the month, and then it takes me another 15 days to finally get around to blogging about it.
4:44pm • #11
1,154,058 Points 86 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Ginny, a good market report for South Kingston. The 10 month inventory says buyers will rule for a while to come.
6:26pm • #12
796,563 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

thanks all...South Kingstown has been the shining star of southern ri towns in 2011 for sales even though it has a high inventory of homes...as far as generating stats...i keep an excel sheet because our MLS is so slow I beat them to the punch every month...
6:29pm • #13
1,912,304 Points 385 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Ginny, market schmarket!  It's that beach that got my attention!
10:16pm • #14
124,250 Points 3 Featured Posts

Excellent market update. Your dedication and commitment to keeping your clients informed on current market trends are just a few of the reasons you are the North Kingston short sale agent to call. Thanks for sharing, and I love the picture of the beach.
10:51pm • #15
JAN
06
2012
796,563 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pat, i do understand ...it is a fabulous beach!

Laurie, hopefully they get that it is just not just about the pictures too....lol
11:36am • #16


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Waterfront RI Homes for Sale | Rhode Island Coastal Real Estate Agent

Ginny Lacey Gorman

North Kingstown, RI

More about me…

Phillips Post Road Realty -Waterfront homes, Short Sales

Address: South Kingstown,East Greenwich,Narragansett,Charlestown,, Jamestown,Exeter,West Greenwich,Warwick, North Kingstown, RI, 02852

Office Phone: (401) 884-4100 x 268

Cell Phone: (401) 529-7849

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