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.

Posted by

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!

            

Facebook   Flckr  LinkedIn RSS Feed to My Blog

You Tube button    Twitter Follow Ginny Lacey Gorman on Pinterest

 

cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
Rhode Island Washington County South Kingstown
Groups:
Addicted to Active Rain
Almost Anything Goes
City & State: Listings and Market Reports
Market Reports
Posts to Localism
Tags:
south kingstown ri market report
south kingstown homes for sale
south kingstown
short sale

Comments 16 New Comment

Ambassador
1,435,789
Ed Silva
CDPE, GRI, ABR, Real Estate Agent
RE/MAX Professionals, CT 203-206-0754

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

January 05, 2012 06:26 PM
Rainmaker
1,001,885
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

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...

January 05, 2012 06:29 PM
Ambassador
2,268,210
Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

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

January 05, 2012 10:16 PM
Rainer
124,785
Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
Angel Realty, LLC
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents

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.

January 05, 2012 10:51 PM
Rainmaker
1,001,885
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

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

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

January 06, 2012 11:36 AM
Rainmaker
1,001,885

Ginny Lacey Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: