North Kingstown RI Real Estate Market Report- December 2011  Year End

 is detailed below as well as the cumulative statistics for 2011 home sales:

 13 North Kingstown homes sold in December 2011:

     2 homes sold over $400,000
     2 home sold for between $300,000-$400,000
     9 homes sold for under $300,000

There were 162 North Kingstown homes for sale in December 2011 which was a 9 % decrease over the prior month (17 less homes for sale). The number of North Kingstown sold homes decreased though by 7 homes (-35%) over the prior month.

 Overall 215 North Kingstown homes sold in 2011. For 2011:

 -Average North Kingstown home sales price was $336,867

 -Homes sold at 94% of list price

 -Homes sold were on the market for 101 days.

Interestingly enough 54% of the homes sold were under $300,000 in 2011, 19% of homes sold were between $300,000 to $400,000 and 27% of the homes sold were over $400,000.  All to benchmark against during 2012 as the North Kingstown real estate market recovers.

If you are a North Kingstown home seller, this information on recent home sales and 2011 home sales gives you a barometer on the local real estate market. My web site will give you very specific information into all the RI towns as you search RI real estate for sale.  Knowing the comparable home sales are necessary in determining a home’s current value.

 There were 3 North Kingstown short sales sold in December 2011.

 North Kingstown RI has a good supply of homes on the market still and the waterfront North Kingstown homes for sale for over $1 million are not selling right now. In fact, there are 7 North Kingstown homes for sale over $1 million.

There are 33 North Kingstown pending homes sales in December (22% increase over November).

Other Washington County Real Estate Market Reports:

South Kingstown RI Year End Real Estate Market Report

Out of state buyers continue to search for waterfront North Kingstown homes for sale. When you live by North Kingstown coastal shores,as well as the quaint waterfront Wickford village, think hard and soon about buying here while mortgage rates are so low. It really is a great time to buy a home you can afford- vacation or year round.  North Kingstown RI Real Estate Market Report- Year End 2011.

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North 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.