Kingston home sales report for July 2013

By
Managing Real Estate Broker with Brad MacKenzie

Kingston home sales report for July 2013

28 Bay View Ave, Kingston

 

20 single-family homes sold in Kingston in July

  • Up from 10 in June

The average

SALES price was $374,000, up from $337,000 in June

LISTING price was $400,000, up from $346,000

ORIGINAL price was $405,000

ASSESSMENT was $271,000

Average = total prices / number of homes. The average can be strongly influenced by a relatively small number of high-priced sales from one month to the next

 

The median

SALES price was $354,000, up from $332,000 in June

LISTING price was $355,000, up from $340,000

ORIGINAL price was $355,000

ASSESSMENT was $344,000

Median = the home halfway down the list

 

The average

  • number of days on market was 79, up from 41 in June
  • price paid per square foot was $183, down from $188
  • home is selling for about 90% of its original asking price

There are 89 single-family homes on the market in Kingston today. That's lower than average, and emphasizes quality homes for sale. There's now 4 1/2 months of inventory, and only 14 new properties came on the market in June. With 20 sales in June, that means there's less inventory now than there was at the beginning of the month.

Mortgage interest rates have moderated a bit and are trading in the 4 to 4 1/2 percent range.

In Kingston, prices are up, but buyers can often find a great house at the right price. Still, the increased number of days on market disguises the fact that many homes are selling in the first few weeks after they go on the market.

Sellers, on the other hand, can readily sell their home now as long as the price gives buyers a good value compared to similar homes already on the market.

Contact me to sell your home, or to arrange a private showing of any home for sale in Kingston.

View all the homes for sale in Kingston at Kingston Homes for sale.

 

Numbers rounded to nearest thousand. The information contained in this Kingston home sales report for July 2013, was taken from MLS Data run on 08/03/2013 and represents all single-family sales in Kingston from 07/01/2013 to 07/31/2013. It is deemed reliable but cannot be guaranteed. If you, as a seller or as a buyer, are currently under a written contract to use another broker exclusively then please disregard this notice.  It is not our intention to solicit other real estate broker’s clients. We are happy to work with them and cooperate fully. ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Employer. Equal Housing Opportunity. Owned and operated by NRT, LLC.

 

Comments (1)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Brad -- your advice to Kingston home sellers that they need to differentiate their homes from the competition is good.   Stand out for the right reasons and you may find the right buyer ahead of the competition.  

Aug 05, 2013 02:41 PM