The North Kingstown RI 02852 Real Estate Market Statistics for the month of August 2010 for sold properties were as follows:
4 homes sold for over $400,000
2 homes sold for between $300,000-$400,000
2 homes sold for less than $300,000
Overall there were about 216 homes on the market during August 2010 in North Kingstown RI 02852 which was a marginal decrease in the number of homes over the prior month of July 2010( decrease by 11 homes). The inventory level means buyers have more homes to choose from and be selective about. Mortgage rates continue to remain at unprecedented low rates for buyers which is a positive sign.
The number of homes sold in North Kingstown increased by 6 to 15 sold in August 2010. Although the news is indicating a nationwide drop in home sales, it is important to remember that real estate is local. Home sales are slow moving in some months but continue to be steady here.
Pending sales dropped to a total of 20 in agreement in August 2010 which is down from the 34 from the prior month. Majority of these homes 'fell apart' due to the home or the buyers not being able to meet the lending requirements at this time. Therefore they either come back on the market or the seller withdraws them from sale.
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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 Real Estate Agent in the Sparkly Red Shoes.
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