Real Estate Market Report- South Kingstown Rhode Island

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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


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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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Topic:
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Comments 16 New Comment

Show All Comments
Rainmaker
1,343,208
Anita Clark
Realtor - Homes for Sale in Warner Robins GA
ColdwellBanker SSK Realtors ~ 478.960.8055

Ginny: Down slightly from last month/year but homes are still moving in South Kingstown RI and sellers are seeing good returns.

June 10, 2012 03:40 AM
Rainmaker
1,846,682
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Ginny, Good to read that homes are selling in Rhode Island. Buyers should call you to  help them buy a home. You are the expert.

June 10, 2012 03:48 AM
Rainmaker
1,935,736
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Good morning, Ginny....this is the ideal time to purchase a waterfront home in South Kingstown RI.... those who are thinking about that purchase would be wise to call you for guidance.

June 10, 2012 03:54 AM
Rainmaker
1,054,213
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Anita, that is the case...South Kingstown is a hot location for buyers.

Gita, many buyers are looking but looking not to buy...some can not buy at the level they desire to.

Barbara, it certainly is and for many reasons buyers think they can get homes on the waterfront for low prices...it is not happening...finding  a realtor to trust and guide will get you to the purchase..

June 10, 2012 04:03 AM
Rainmaker
1,593,641
Dorie Dillard
Realtor-Canyon Creek- NW, Austin TX Homes For Sale
Coldwell Banker United Realtors

Good morning Ginny,

Buyers looking to purchase a waterfront home in South Kingstown RI would be wise to call Ginny Gorman for her guidance and expertise in obtaining the right property!

June 10, 2012 04:21 AM
Rainmaker
1,375,404
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

Ginny, great information to present to potential buyers in South Kingstown, and you know the market!

June 10, 2012 07:07 AM
Ambassador
829,326
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

Are you looking for a good Realtor® in the South Kingstown Rhode Island area ?  If so contact Realtor® Ginny Gorman and put her real estate knowledge to work for you today.  Ginny is ready to exceed all your real estate expectations!

June 10, 2012 07:54 AM
Rainmaker
1,145,015
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

Ginny - Thank you for sharing detailed quality information on real estate market report South Kingstown, Rhode Island.

June 10, 2012 08:40 AM
Rainmaker
657,917
Eileen Hsu
LICENSED REAL ESTATE SALESPERSON
Douglas Elliman Real Estate
Ginny, excellent report on South Kingstwon Rhode Island, pricing is for sure the key in today's market, buyers are very informed and savvy.
June 10, 2012 12:34 PM
Rainmaker
1,054,213
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Dorie, they are certainly fair market value now and not or never rock bottom prices...those are in FL!

Joan, thanks so much

John, it is a great living here and I love what I sell!

John, thanks for stopping by...busy day

Eileen, buyers know their 'stuff'...rarely is there a uninformed consumer.

June 10, 2012 04:45 PM
Ambassador
1,800,233
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Ginny I had to drive to RI today, and as soon as I saw the sign for South Kingston, and URI you automatically came to mind.  Which I had, had the time to stop at the Open House you were doing and surprised you, but I could not fit it in.  Maybe the next time :)

June 10, 2012 04:59 PM
Rainmaker
1,054,213
Ginny 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
882,499
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
1,800,233
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
1,855,379
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
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Rainmaker
1,054,213

Ginny Gorman

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