North Kingstown RI Real Estate Market Report
is detailed below for real estate home sales for February 2012:
16 North Kingstown homes sold in February 2012:
5 homes sold over $400,000
1 home sold for between $300,000-$400,000
10 homes sold for under $300,000
What is Selling in North Kingstown Real Estate?
Average Home Sale Price in February 2012 was $342,518, homes sold for 98% of list price and were on the real estate market for 94 days on average.
There were 172 North Kingstown homes for sale in February 2012 which was a minimal increase (+1 home) in inventory over the prior month. Home sales increased by 4 homes (16 homes sold) over the prior month or 33%. Yet, if you look at the sales numbers above it is interesting how strong the real estate market is here for homes under $300,000. February is showing increased signs of life as buyers are out buying in the current real estate market. An early spring in the uptick of the North Kingstown real estate market is apparent and it is encouraging.
There was no North Kingstown short sales sold in February 2012.
North Kingstown RI has a good supply of homes on the market still and the waterfront North Kingstown homes for sale for over $1 million are not selling right now. Additionally, there are 12 North Kingstown homes for sale over $1 million which is the same as the prior month.
There are 35 pending homes sales at present (17 % increase over January). This is a great sign of the improving real estate local market. It is a great time to buy while mortgage rates remain amazingly low…and before FHA fees go up (call me if you do not know about the April 1st changes!).
Interested in the RI real estate market and need good guidance in buying or selling, call me at 401.529.7849. My real estate knowledge will guide you well and advise you in this market. North Kingstown RI Real Estate Market Report- February 2012.
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 RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI 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, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor? Let me GOOGLE one for you!
cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor