Real Estate Market Report- South Kingstown Rhode Island

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

Real Estate Market Report- South Kingstown Rhode Island.

Wordens Pond South Kingstown RI real estate


25 South Kingstown homes have been sold in May 2012,
 as follows:

1 home sold over $1 million (waterfront South Kingstown home)

4 homes sold over $400,000
7 homes sold for between $300,000-$400,000
13 homes sold for under $300,000

May 2012 home sales are down over last year’s May 2011 by 4%. A small decrease in sales over the prior year.

South Kingstown Average Home Sale Price in May 2012 was $343,191. South Kingstown Rhode Island real estate home sold on average for 94% of list price and was on the real estate market for 149 days on average.

 

There were 290 South Kingstown homes for sale in May 2012 which was a 13% increase in homes over the prior month. The number of sold homes has increased by 4 homes this month. Pending sales dropped by 1 home.

South Kingstown continues to have a good supply of homes yet the waterfront South Kingstown homes for sale are selling slowly. Only one waterfront South Kingstown home sold in May .

There are 43 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing and the numbers are down by 1 home over April). 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 – along with the right location and condition.

South Kingstown short sale closed in May 2012.

Mortgage rates remain extremely low for all home buyers! Why would you continue to pay rent if you can afford to buy- you are not building home equity, the home is not yours and you are missing out on income tax savings too!

If you are seeking a South Kingstown home to buy or sell or interested in the RI real estate market, give me a call at401.529.7849. I raised my family in South Kingstown for 20 years and know the value of homes, schools and South Kingstown neighborhoods well.  Real Estate Market Report- South Kingstown Rhode Island.

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

 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 Rhode Island real estate are her specialty.  If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    When you are in need of an internet savvy RI realtor® who sells homes in this real estate marketcall 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 cat 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:
Market Reports
Dedicated Bloggers
HyperLocal Neighborhood and Community Posts
Posts to Localism
Almost Anything Goes
Tags:
waterfront south kingstown home
south kingstown homes for sale

Comments 16 New Comment

Rainmaker
1,003,368
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Cool George...got your guest blog post up today...i hope that it gives you some Google juice..many thanks

June 10, 2012 05:20 PM
Rainmaker
864,010
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Now I see what you mean about the prices, Ginny. It seems you are bucking the trend a little in Kingstown.  Many areas are begging for inventory.

June 10, 2012 05:23 PM
Ambassador
1,708,505
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Ginny thank you.  Sorry it took so long to get them to you.

June 10, 2012 06:01 PM
Rainer
71,505
Bas Panch
SCV Home Buyer

Hi Ginny,

Thanks for sharing this great report. Keep up the good work as a top North Kingstown short sale agent and I wish you more success!

June 12, 2012 06:36 PM
Ambassador
1,778,554
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Hello Ginny,Great Market Report here,very detailed and easy to understand.Best of luck as North Kingstown Short Sale Agent.Have a great day! 

August 15, 2012 01:32 PM
Rainmaker
1,003,368

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 scissors to the circle on the side.

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