Homes sold in Kingston - October 2013

By
Managing Real Estate Broker with Brad MacKenzie

Homes sold in Kingston - October 2013

18 Bay Road, KingstonIn Kingston, prices have returned to last year's levels after a summer run-up (and a sale with unusual numbers last month), while the number of homes sold this month is much better than last month or last year at this time. Overall, prices in Kingston have recovered quite a bit since last year, but the retreat is likely to continue over the fall and winter, putting buyers in a position to buy quality homes at good prices.

14 single-family homes sold in October

  • up from 8 last month and 8 in October 2012
  • a list with details about each sale appears below

The AVERAGE

  • SALES price was $418,000
    • up from $378,000 last month and $397,500 last October
  • LISTING price was $430,000
    • up from $381,000 last month and $424,000 last October
  • ORIGINAL price was $458,000
    • up from $390,000 last month and $446,000 last October
  • AGE is 28 years (built in 1985)18 Bay Road, Kingston

Average = total prices / number of homes


The MEDIAN

  • SALES price was $387,500
  • LISTING price was $395,000
  • ORIGINAL price was $395,000
  • ASSESSMENT was $423,000

Median = the home halfway down the list.


The average

  • number of days on market was 184
    • up from 77 last month and down from 185 last October
  • square footage was 2,045
    • down from 2,069 last month and 2,215 last October
  • price paid per square foot was $212
    • down from $198 last month but up from $171 last October
  • homes sold for about 90% of its original asking price and 97% of its last listing price

102 single-family homes are on the market in Kingston today

  • That's 7 months of inventory

20 new properties came on the market in October

  • 11 homes are under agreement or contingent

Mortgage interest rates are trading around 4 1/4%

  • At 4.5%, the monthly payment per $100,000 of principal loan amount is $506 

 

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Homes sold in Kingston - October 2013

Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Kingston - October 2013, was taken from MLS Data run on 11/04/2013 and represents all single-family home sales in Kingtson from 10/01/2013 to 10/31/2013. It is deemed reliable but cannot be guaranteed. 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 (4)

Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Good information for consumers in Kingston.  My local market cooled off a bit too.  I'm happy to see it stabilizing after a year of 20% increases in some areas.

Nov 09, 2013 07:24 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Brad, nice gathering of information.  The market here has not slowed yet.

Nov 09, 2013 07:29 AM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Brad  Once again you demonstrate your expertise and knowledge of the local market making you to be the go-to guy in Kingston.

Nov 09, 2013 08:17 AM
Rebecca Gaujot, RealtorĀ®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Hi Brad, great market report and sure the consumers love to read your updates.

Nov 10, 2013 03:16 AM