South Kingstown RI Year End Real Estate Market Report

By
Real Estate Agent with Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate
http://actvra.in/qNw

Green Hill Beach- South Kingstown RI Real Estate picture

 South Kingstown RI Year End Real Estate Market Report for 2011.

South Kingstown RI Real Estate Market Report for 2011 is promising.

 19 South Kingstown homes have been sold in December, as follows:

  1 home sold over $400,000
  4 homes sold for between $300,000-$400,000
  14 homes sold for under $300,000

There were 219 South Kingstown homes for sale in December 2011 which was a 8 % decrease over the prior month (same as November).    

South Kingstown continues to have a good supply of homes for sale and the waterfront South Kingstown homes for sale are selling slowly.  One South Kingstown short sale closed in DecemberThere are 21 homes in pending status in South Kingstown RI (pending sales are down by 2 homes over the prior month).  Yet, the home absorption rate for South Kingstown homes for sale remains at 10 months and remains a buyers market.

Overall 255 South Kingstown homes sold in 2011.

 -Average South Kingstown home sales price was $314,442

-Homes sold at 94% of list price

-Homes sold were on the market for 122 days.

 Chart on 2011 South Kingstown RI Sold Homes

 

As you can see 55% of the 2011 South Kingstown home sold were under $300,000, 28% were $300,000-$400,000 and 17% were over $400,000.  All to compare against the new year of 2012 home sales.  During 2011, 5 South Kingstown homes sold for over $1 million.  Still a great and expansive location for luxury and oceanfront homes to buy in South KingstownHere is to a great 2012!

Other Washington County Real Estate Market Reports:

North Kingstown RI Real Estate Market Report

 You are never too far from the South Kingstown beaches wherever you buy here! Now is the time before the summer weather is upon us.  South Kingstown RI Year End Real Estate Market Report for 2011 .

!!!!!!!!!!!!!!!!

Ginny Lacey Gorman is a North Kingstown 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 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.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Realtor in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Realtor?  Let me GOOGLE one for you!

            

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Show All Comments
Rainmaker
1,409,305
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Despite the slight slowdown from November, sales in South Kingstown RI remain solid.  Very good market report.

Jan 05, 2012 06:11 AM #1
Rainmaker
349,331
Marco Giancola
Douglas Elliman Real Estate - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Ginny -a very warm New Year greeting to you from me in sunny Fort Lauderdale!

Jan 05, 2012 06:14 AM #2
Rainmaker
1,645,327
Debbie Gartner
Floor Coverings International Westchester NY & Stamford CT - White Plains, NY
The Flooring Girl - Westchester hardwood flooring

Nice job Ginny.  And, I'm sure as spring comes, things will really pick up as people think about summer homes.  South Kingstown RI sounds like a wonderful place to live.

Jan 05, 2012 06:16 AM #3
Rainmaker
1,094,932
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Anita, all things come full circle and this market is improving.

Marco, we so appreciate the warm breeze & wishes headed our way!

Debbie, the weather actually is beneficial to all the people who continue to seek homes...

Jan 05, 2012 06:44 AM #4
Rainmaker
2,036,019
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"New Franklin MA Homes"

Good morning, Ginny....South Kingstown has a big supply of homes....this is a prime opportunity for potential buyers to make the move and call Ginny Gorman, the North Kingstown Realtor...

Jan 05, 2012 06:58 AM #5
Rainmaker
275,771
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Ginny.   Nice report of the South Kingstown real estate market.   Valuable info for Buyers and Sellers.   

Jan 05, 2012 07:52 AM #6
Ambassador
1,503,364
Michael Thornton
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspector - Nashville, TN area - 615.661.0297

Good morning, Ginny. I really hope that some of these transactions were yours...

Jan 05, 2012 08:04 AM #7
Rainmaker
600,795
David Popoff
DMK Real Estate & Property Mgmt - Darien, CT
Realtor & Property Manager, Fairfield County, Ct.

Good Morning Ginny, over all seems like the market is fairly steady for 2011 and looking forward to more growth in 2012. Good Luck

Jan 05, 2012 08:33 AM #8
Ambassador
1,101,736
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Sounds like there were a fair amount of closings last month. I wonder what January will bring.

Jan 05, 2012 09:38 AM #9
Rainmaker
1,461,630
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, looks like 2011 was a good year, and hope 2012 will be even better!    Great information for those buyers and sellers in and around South Kingston!

Jan 05, 2012 10:58 AM #10
Rainmaker
1,108,397
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I wish we got statistics for each month as rapidly as other areas of the country. Ours come out around the 15th of the month, and then it takes me another 15 days to finally get around to blogging about it.

Jan 05, 2012 04:44 PM #11
Ambassador
1,563,072
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ginny, a good market report for South Kingston. The 10 month inventory says buyers will rule for a while to come.

Jan 05, 2012 06:26 PM #12
Rainmaker
1,094,932
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

thanks all...South Kingstown has been the shining star of southern ri towns in 2011 for sales even though it has a high inventory of homes...as far as generating stats...i keep an excel sheet because our MLS is so slow I beat them to the punch every month...

Jan 05, 2012 06:29 PM #13
Ambassador
2,415,531
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Ginny, market schmarket!  It's that beach that got my attention!

Jan 05, 2012 10:16 PM #14
Rainer
124,789
Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents - Monument, CO
Angel Realty, LLC

Excellent market update. Your dedication and commitment to keeping your clients informed on current market trends are just a few of the reasons you are the North Kingston short sale agent to call. Thanks for sharing, and I love the picture of the beach.

Jan 05, 2012 10:51 PM #15
Rainmaker
1,094,932
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Pat, i do understand ...it is a fabulous beach!

Laurie, hopefully they get that it is just not just about the pictures too....lol

Jan 06, 2012 11:36 AM #16
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Rainmaker
1,094,932

Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
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