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Ginny Gorman's Blog

By Ginny Lacey Gorman | Agent in North Kingstown, RI

South Kingstown RI Real Estate Market Report

South Kingstown RI Real Estate Market Report

Wordens Pond at Dusk

South Kingstown remains a desirable southern RI community to live in, raise a family, enjoy the parks and beaches and great neighborhoods.

29 South Kingstown homes have been sold in September, as follows: 

   

   6 homes sold over $400,000                                 

South Kingstown Real Estate Market| Rhode Island Real Estate- August 2012

     8 homes sold for between $300,000-$400,000

     15 homes sold for under $300,000

 

South Kingstown September 2012 home sales are down 19 % over August yet still strong.

 

South Kingstown’s Average Home Sale Price in September 2012 was $333,672. This month South Kingstown Rhode Island real estate homes sold on average for 94% of list price and were on the real estate market for 132 days on average.   Declines in all categories from the prior month.

South Kingstown Median Home Sale Price in September 2012 was $290,000. South Kingstown homes sold for a median price point of 96% of list price and were on the real estate market for 87 days.   Remember the median sale price is the midpoint of all home sale prices (half the home sales are below this amount as well as above this dollar figure).  Declines in all categories from the prior month.

           South Kingstown RI Real Estate Market Report – September 2012


There were 263 South Kingstown homes for sale in September 2012 which was a 1 % decrease in homes on the market over the prior month.

South Kingstown is the South County town with the most home sales consistently this year.  However, the waterfront South Kingstown homes for sale are selling slowly.   No oceanfront South Kingstown homes sold in September.

 

There are 50 homes in pending status in South Kingstown RI (pending sales are homes awaiting closing).

It remains a buyers market in South Kingstown as home inventory levels remain at 9 months.

1 South Kingstown short sale closed in September 2012.  Short sales continue to take time to get Bank approval.

If you are seeking a South Kingstown home to buy or sell or interested in the South Kingstown RI real estate market, give me a call at 401.529.7849. I raised my family in South Kingstown for 20 years and know the value of homes, schools, happenings and South Kingstown neighborhoods well.

  South Kingstown RI Real Estate Market Report – September 2012.

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Ginny Lacey Gorman is your go to South Kingstown Realtor® for real estate in South Kingstown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. As a North Kingstown short sale agent, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.

Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard. So feel free to search for RI Homes for Sale. When you are in need of a good professional for your buying and selling needs and an internet savvy Realtor® who sells RI houses in this real estate market - call Ginny at 401.529.7849. RI Realtor in the sparkly red shoes…because there is no place like home!

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