South Kingstown RI Real Estate Market December 2014 Year End

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South Kingstown RI Real Estate Market December 2014 Year End

The South Kingstown RI real estate report for single family homes for December 2014 indicates a 13% increase in home sale volume over the prior month.  This season of single family homes sold has shown an 8% increase in home sales and a 1% increase in sold home values year over year through December 2014 as compared to 2013.  Sustaining this upwards growth in home sales should be an encouraging factor for sellers.

 

South Kingstown RI Real Estate Market December 2014 Year End

 

This month’s South Kingstown real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate:

  • Properties currently active on the market: 190 ( -15% decrease over prior month)
  • Single-family properties closed in December 2014: 36 (13% increase over prior month)
  • Average sales price: $ 329,000 
  • Median sales  price: $274,000
  • Sales price to list price ratio: 94% ( 96% was the prior month)
  • Average days on the market: 135 (27% increase from prior month)
  • Sales currently pending: 39 (-19% decrease over prior month)

  • South Kingstown home absorption rate indicates it is a sellers real estate market with 5.3 months of inventory.  Home absorption is the amount of time it will take to sell all the homes currently on the market.

  • Breakdown of the 36 South Kingstown sold homes is as follows for the month: 19 homes sold under $300,000, 9 homes sold between $300,000-$400,000, 7 homes sold for more than $400,000 but less than a million and 1 home sold for more than a million dollars.  The under $300,000 home market continues to be the strongest buyers interest in home sales.  Looking at the continued high number of pending homes awaiting closing, this housing market continues to be a desirable area for home buyers.
South Kingstown RI Real Estate December 2014 Year End

South Kingstown RI Real Estate Market Report December 2014 gives the home buyer the information they need to make a qualified  home purchase.

 

Home sellers need to be very aware of pricing and their competition in the real estate market now…understand the secret sauce of pricing a home and talk with an internet savvy real estate agent about marketing.


 The winter market has perked up in December with a 13% increase in home sales over the prior month.  

 South Kingstown RI Real Estate Market December 2014 Year End

 

The  2014 year to date home sales through December 2014 shows 28 more sold homes than 2013 through December 2013, up 8%!  Home prices have increased by 1% in 2014 ($4000 more per home sold in South Kingstown on average than in 2013) over 2013.  Both home values and volume of homes sold increased which is a great trend for sellers.  Home buyers it will now cost you more to buy the same house as compared to a year ago….time is now while mortgage rates are rock bottom to buy.

 South Kingstown RI Real Estate Market December 2014 Year End

Take a look at the hottest South Kingstown homes for sale right here and now.  As current as you can get everyday with the best and most thorough Rhode Island real estate information provided to the consumer.

The South Kingstown community is a waterfront southern RI town that is fortunate to have the University of Rhode Island campus in its borders, cultural music and theater, notable restaurants, the Amtrak train station in Kingston and good public & private schools.  It is bordered by Narragansett, North Kingstown and Charlestown towns too.   And yes the Atlantic ocean is here with our phenomenal beaches and could be your ultimate location!   This is all a great draw when put together for the South Kingstown home buyer.

Recent South Kingstown Home Sale Reports you may be interested in reading:

South Kingstown RI Home Sale Report November 2014

South Kingstown RI Home Sale Report October 2014

South Kingstown RI Home Sale Report September 2014

 

I hope that this South Kingstown December 2014 home sale update gives you the information and guidance in this real estate market for the coming year.   As a South Kingstown real estate agent, I work with home buyers and sellers to ensure the best guidance, representation and abilities are used in their real estate negotiations. Being a local real estate agent, having lived in this community for years and raising my family here keeps me in touch well with this community.  Call me, Ginny Gorman, at 401.529.7849  or email me at ginny@RiHouseHunt.com when you require assistance in your buying and selling RI real estate needs.

South Kingstown RI Real Estate Market December 2014 Year End
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 Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront real estate agent for real estate in RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Ginny raised her family here, played here and knows the South Kingstown neighborhoods and town well. Email her at Ginny@RiHouseHunt.com to discuss your home sale dreams too!  Find out why she is known as the RI real estate agent in the sparkly red shoes.
 
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.