Health & Fitness
Real Estate Market Update- North Kingstown November 2013
Home buyers and sellers are in the midst of the 4th quarter of 2013 in North Kingstown with a slight decrease in single home sales. This has been an incredible year in home sales with a 34% increase year to date over last year same time period.
- Properties currently active on the market: 162
- Homes sold in November: 28
- Average sales price: $332,000
- Sales price to list price ratio: 96%
- Average days on the market: 97
- Sales currently pending: 39
Based on this most recent single home sales data, the North Kingstown RI real estate market is a Balanced market. Currently, there is 5.8 months of home inventory on the market.
Breakdown of the 28 North Kingstown sold homes is as follows for the month of November: 13 homes sold under $300,000, 9 homes sold between $300,000-$400,000 and 6 homes sold over $400,000.
Find out what's happening in North Kingstownwith free, real-time updates from Patch.
Interested in North Kingstown homes for sale? Get your mortgage pre-approval letter from your lender in hand and be prepared to buy. Talk to me, I can refer you to a number of great mortgage lenders who can assist you.
North Kingstown real estate has felt the Thanksgiving blast a bit in its November 2013 home closing rate. Home sales have slowed by 10% over the prior month and pending home sales are up by 26% over October.Year over year though, year to date home sales are up by 34% through November 2013 over year to date November 2012. These are huge statistics that you as a home seller or buyer need to know. Home prices continue to stabilize and are slightly less year to date, year over year with a 2% decline.
Realize that the homes selling quickly are in updated condition and at an attractive price point to obtain an accepted offer. Being ‘show ready’, right location and well priced to market combines to make a sale happen for buyers and sellers.
Find out what's happening in North Kingstownwith free, real-time updates from Patch.
Home inventory will continue to decrease as many homeowners wait to put their homes on the market next spring. There is no reason to wait as the home buying market is strong, inventory down and home mortgage rates remain stable. Catch the buyer while you can with decreased competition!
North Kingstown has so much to offer buyers in the way of geographic location, top performing North Kingstown schools, access to the coastal waters, Wickford Village, nearness to Providence airport and the abundant variety in home choices.Both buyers and sellers can use this North Kingstown real estate report to determine how the local home sales are performing. If you are looking to buy or sell now is the time.Looking for a RI waterfront realtor that knows her RI real estate market? I market clients’ homes with maximum exposure online resulting in successful home sales for clients. I would love the opportunity to help you.
Please call me, Ginny Gorman, at (401) 529-7849 or email me at Ginny@RiHouseHunt.com to find out what your Rhode Island home is worth and/or to discuss your housing buying needs. North Kingstown RI Real Estate Report for November 2013 home sales for your review and to guide you in your real estate needs.
