South Kingstown RI Real Estate Market Report - January 2012
South Kingstown Real Estate is at the Beaches too!
19 South Kingstown homes have been sold in January 2012, as follows:
3 homes sold over $400,000
7 homes sold for between $300,000-$400,000
9 homes sold for under $300,000
There were 207 South Kingstown homes for sale in January 2012 which was a 4 % decrease over the prior month which is a continued decreased in homes on the market. The decrease in home inventory is encouraging news for home sellers. The number of January's sold homes was equal to December’s sales and South Kingstown remains the strongest town in home sales in South County RI but it also has the most homes for sale.
The average home sale price was $294,631, homes sold for 93% of list price and were on the real estate market for 111 days in January 2012.
South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are selling slowly. The choice of oceanfront homes is there for the buyers who are discerning luxury RI home buyers and can see that choice property priced well is one of a kind to buy.
There are 24 homes in pending status in South Kingstown RI (pending sales are awaiting closing and are up by 3 homes over the prior month). Yet, the home absorption rate for South Kingstown homes for sale remains high and continues as a buyers market. Pricing is key to selling a home in this market. Many homes are selling over market price if the condition, location and price are nicely aligned and desired by buyers now.
No South Kingstown short sales closed in January.
Mortgage rates remain amazingly low for all home buyers! If you are seeking a South Kingstown home to buy or sell or interested in the RI Real Estate market, give me a call at 401.529.7849. I raised my family in South Kingstown, love the waterfront and know the value of homes and South Kingstown neighborhoods very well. South Kingstown RI Real Estate Market Report – January 2012.
South Kingstown Market Report for 2011.
View South Kingstown, RI in a larger map
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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.
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