Waterfront South Kingstown Homes for Sale
South Kingstown RI Real Estate Market Report-February 2012.
11 South Kingstown homes have been sold in February 2012, as follows:
0 homes sold over $400,000
4 homes sold for between $300,000-$400,000
7 homes sold for under $300,000
Home sales are down slightly from February 2011 but pending home sales have increased.
Average Home Sale Price in February 2012 was $249,454.
South Kingstown homes sold on average for 91% of list price and on average were on the real estate market for 202 days. This was nearly a doubling of days on market over the prior month.
There were 216 South Kingstown homes for sale in February 2012 which was a 4 % increase over the prior month. The number of sold homes has decreased by 8 homes this month which is significant drop in homes sales for this town. However, pending sales are up.
South Kingstown continues to have a good supply of homes for sale yet the waterfront South Kingstown homes for sale are selling slowly.
There are 34 homes in pending status in South Kingstown RI (pending sales are awaiting closing and are up by 10 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 – the right location, condition and price. As you can see from the statistics, the homes under $300,000 are experiencing the largest surge in homes sold here.
1 South Kingstown short sale closed in February.
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 and know the value of homes and South Kingstown neighborhoods. Real Estate Market Report – South Kingstown RI.
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 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.
My strengths are my assertive attitude, analytical skills I've acquired from my past career in the financial services industry,
my ability to get the job done correctly for my clients, my customer service skills and that I LISTEN to you. 95% of my business comes from referrals from past clients, associates and friends.
My real estate specialties are waterfront, ocean front, luxury and coastal communities in RI. It is an amazing RI coastline to enjoy and breathtakingly clean thanks to. But I also sell and list homes from Burrillville to Westerly - we are a small state you see and it's 45 minutes to everywhere from where I am in RI.
