The South Kingstown RI Real Estate Market Statistics for February 2011 are as follows:
15 South Kingstown RI homes sold- the breakdown is as follows:
2 homes sold for over $400,000
7 homes sold for between $300,000-$400,000
6 homes sold for less than $300,000
In February 2011 there were 197 South Kingstown RI homes for sale which is 4 more homes on the market over January 2011 homes for sale. The home inventory in South Kingstown has increased about 2%.
Sellers continue to prepare their South Kingstown homes for the spring market (remember the official beginning of spring is March 20th) and inventory will begin to increase in another month or so. Sales are experiencing the bumpy road of higher and lower sales for the winter months. However, choices of waterfront South Kingstown homes for sale are there for the ready, willing and able buyers who have their pre-approvals in hand. Again I remind you "Have you seen your mortgage lender lately?" It is important to have that pre-approval letter in hand when you are searching for a home to show you can make an offer right then and there!
South Kingstown RI homes sold for February 2011 were down by 21% this past month in the midst of this wintery season. A majority of the South Kingstown homes sold remain in the under $400,000 category. As buyers continue not to stretch their finances out the higher end houses tend to remain longer on the market.
Pending home sales remain steady which is an indication that South Kingstown home sales will continue in their current pattern. There are 24 homes in pending status in South Kingstown RI this past month which is 3 less than last month.
In Rhode Island, and especially South Kingstown, buyers are looking for that 'great' deal of a home in the right neighborhood. There are so many great neighborhoods either by the University of Rhode Island or along the Matunuck ocean front to pique a buyer's interest. Also, Bloomberg Reports ranked parts of South Kingstown as a top town to Raise Your Kids in the U.S. in their 2011 rankings!
Based upon current sold and pending statistics, South Kingstown homes for sale are meeting many of these buyer conditions. Give me a call today and let my expertise and knowledge of the the area work for you. South Kingstown RI Real Estate Market Stats - February 2011.
Ginny Lacey Gorman knows South Kingstown RI and the geographic area, schools, local happenings, important tidbits of information and businesses well. If you are looking for someone to guide you through the home buying or selling process, Ginny is a licensed Realtor® and would be happy to assist you. Doesn't it make sense to work with someone who knows the community you want to live in well? Waterfront, oceanfront and coastal RI homes for sale 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 more information from an internet savvy Realtor® who sells RI houses in this real estate market, call Ginny 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