Health & Fitness
What is the North Kingstown Home Market Doing in October 2013?
What is the North Kingstown Home Market Doing in October 2013?
Home buyers and sellers have started the 4th quarter of 2013 in North Kingstown real estate with a strong showing in single home sales here with more stabilization in home sales. This year is far better in home sales than last year.
- Properties currently active on the market: 180 (10% less than prior month)
- Homes sold in October 2013: 31 (29% higher than prior month)
- Average sales price: $316,460 (8% decrease from prior month)
- Median sales price: $269,000 (down 15% from prior month)
- Sales price to list price ratio: 95%
- Average days on the market: 92
- Sales currently pending: 31 (26% decrease from prior month)
Based on this most recent single home sales data, the North Kingstown RI real estate market is a Balanced market. Currently, there is 6 months of home inventory on the market.
Find out what's happening in North Kingstownwith free, real-time updates from Patch.
Breakdown of the 31 North Kingstown sold homes is as follows for the month of October: 17 homes sold under $300,000, 7 homes sold between $300,000-$400,000, 6 homes sold over $400,000 and 1 home sold over $1 million. The under $300,000 market is clearly the desired market in home sales for buyers here.
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 if you are not there yet!
Find out what's happening in North Kingstownwith free, real-time updates from Patch.
Year over year though, year to date home sales are up by 32% through October 2013 over year to date October 2012. These are huge statistics that you as a home seller or buyer need to know. Home prices continue to stabilize and are a bit down year to date, year over year with a 2% decline still.
Realize that the homes selling here 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.
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.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 live, work and play in southern RI waterfront real estate.
Please call me at (401) 529-7849 to find out what your Rhode Island home is worth and/or to discuss your housing buying needs. Contact Ginny Lacey Gorman today and email me at Ginny@RiHouseHunt.com. North Kingstown RI Real Estate Report for October 2013 update for your review and questions. I am only a phone call away.
This blog © and its contents is original to Ginny Lacey Gorman.
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Ginny Lacey Gorman is your go to waterfront Rhode Island Realtor® for real estate in North Kingstown RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty. So feel free to search for RI Homes for Sale. When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy Realtor® who sells RI houses in this real estate market call Ginny at 401.529.7849. What is the North Kingstown Home Market Doing in October 2013?
