South Kingstown RI Real Estate Market Update

South Kingstown RI Real Estate Market Update.

South Kingstown RI Real Estate Market Update

29 South Kingstown homes were sold in September 2012, as follows: 

    6 homes sold over $400,000

     8 homes sold for between $300,000-$400,000
       15 homes sold for under $300,000

South Kingstown RI Real Estate Market Update 

South Kingstown September 2012 home sales are down by 19 % over the prior month.   

South Kingstown Median Home Sale Price in September 2012 was $333,672. South Kingstown homes sold for a median price point of 94% of list price and were on the real estate market for 132 days.   Remember the median sale price is the midpoint of all home sale prices in South Kingstown for this month (half the sales are below as above this dollar figure). Higher sales prices occurred even though the number of sales were down this month and days on market increased.

South Kingstown RI Real Estate Market Update

There were 263 South Kingstown homes for sale in September 2012 which was a 1% decrease in home inventory over the prior month.  A small decline in home inventory is still working well for buyers.

South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are barely selling.   There are 15 South Kingstown luxury waterfront homes for sale $1 million plus.

 There are 50 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing and the pending numbers are up by 2 homes over August).  South Kingstown real estate is still a southern RI community that has continued strong home sales.

1 South Kingstown short sale closed in September 2012.

If you are interested in South Kingstown buying or selling a home, please give me a call at 401.529.7849 or email me at RiByTheBay@gmail.com to schedule an appointment.  I would love the opportunity to guide you well.  I raised my family in South Kingstown for 20 years and know the home values, schools, happenings and South Kingstown neighborhoods well.  I’d love the opportunity to help you. South Kingstown RI Real Estate Market Update .

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Ginny Lacey Gorman is a Rhode Island 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 Rhode Island real estate are her specialty.  If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    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.