South Kingstown, RI Real Estate News

By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI | Condos | Preserve@ South County Commons.  The Preserve @ South County Commons is located in the South County Commons subdivision off of Route 1 just before the exit for the town of South Kingstown RI.   Separated in the rear of the mini village of South County Commons are the condos at Preserve@ South County Commons.  A 64 condo unit development that is fully built out and was finished in 2008. These are luxury condos and higher priced due to their amenities which include 2400 square feet of living space, master bedroom and bathroom spa on first floor, second bedroom upstairs, 2.5 baths, granite chefs kitchen, full basement, 2 car integral garage to name a few of the key points in these condos.   South Kingstown RI | Condos | Preserve@ South County Commons Located i...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Discover the South Kingstown Real Estate Market - August 2012 . Discover the South Kingstown Real Estate Market - August 2012 25 South Kingstown homes were sold in August 2012, as follows:      1 home sold for $ 1 million        3 homes sold over $400,000      9 homes sold for between $300,000-$400,000       11 homes sold for under $300,000 Discover the South Kingstown Real Estate Market - August 2012  South Kingstown August 2012 home sales are down by 31% over the prior month.   The number of sold homes have decreased by 11.   South Kingstown Median Home Sale Price in August 2012 was $317,500. South Kingstown homes sold for a median price point of 97% of list price and were on the real estate market for 76 days.   Remember the median sale price is the midpoint of all home sale prices (...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Home Sales - Rhode Island Real Estate. 36 South Kingstown homes have been sold in July 2012, as follows:      1 home sold for $ 1 million        4 homes sold over $400,000      10 homes sold for between $300,000-$400,000       21 homes sold for under $300,000 South Kingstown RI Home Sales - Rhode Island Real Estate South Kingstown July 2012 home sales are up 20% over the prior month.   The number of sold homes has increased by 6 homes this month over June. Wordens Pond – South Kingstown Real Estate South Kingstown Median Home Sale Price in July 2012 was $255,000. South Kingstown homes sold for a median price point of 93% of list price and were on the real estate market for 47 days.   Remember the median sale price is the midpoint of all home sale prices (half the sale...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South County Balloon Festival | Kingston RI 02881 | July 20-22, 2012.  It is one of the top twenty summer events, as noted in Yankee magazine, so do not miss out on this great localevent.  The balloon festival is located on the University of RI campus off of Route 138 in Kingston RI.   South Kingstown is the town that is hosting this annual event and is a great Rhode Island real estate town to explore, live in and enjoy too. The events not only include the famous hot air balloons in all their splendor but live music, racing pigs, kite flying, carnival rides & games, trapeze acts, crafts, food, petting zoo and more.   Even with the heat this weekend this South County Balloon Festival will draw thousands to it.  The Wakefield Rotary Club is the sponsor as part of their generous fund raisi...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Real Estate-Building Rental Homes in Kingston RI.  An energy star home in Kingston RI to be built and rented. This South Kingstown RI Real Estate 'green energy’ home to be built is 3 bedrooms with granite kitchen, 2.5 baths, large living room, dining room and walk to University of Rhode Island RI in Eldred Farm just off Old North Road. The builder is looking to rent this home on an annual basis and will consider a rent to own option. This Kingston RI home to rent has gas heat, town sewer, town water, central air and hardwoods and 9 foot ceilings on first floor.  One home already built has average utility costs of $85/month year round!  Unheard of but this is the ‘green energy’ dynamics of the builder. This South Kingstown RI Real Estate RI home to be built is by noted...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Discover the South Kingstown Real Estate Market.  30 South Kingstown Rhode Island homes have been sold in June 2012, as follows:        4 homes sold over $400,000      12 homes sold for between $300,000-$400,000      14 homes sold for under $300,000 Discover the South Kingstown Real Estate Market South Kingstown June 2012 home sales are Equal to last year’s June 2011 home sales.  South Kingstown’s Average Home Sale Price in June 2012 was $318,337. This month the average South Kingstown Rhode Island real estate home sold on average for 95% of list price and was on the real estate market for 122 days on average.  This was an overall increase on all three points over the prior month.  The number of sold homes has increased by 4 homes this month. Discover the South Kingstown Real Estate Ma...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Real Estate Market Report- South Kingstown Rhode Island. 25 South Kingstown homes have been sold in May 2012, as follows: 1 home sold over $1 million (waterfront South Kingstown home) 4 homes sold over $400,0007 homes sold for between $300,000-$400,00013 homes sold for under $300,000 May 2012 home sales are down over last year’s May 2011 by 4%. A small decrease in sales over the prior year. South Kingstown Average Home Sale Price in May 2012 was $343,191. South Kingstown Rhode Island real estate home sold on average for 94% of list price and was on the real estate market for 149 days on average.   There were 290 South Kingstown homes for sale in May 2012 which was a 13% increase in homes over the prior month. The number of sold homes has increased by 4 homes this month. Pending sales dr...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown Homes with Acreage- Search Rhode Island Real Estate. Privacy and compound like Rhode Island real estate are a desired quality and want for some home buyers in South Kingstown RI.   Whether it is just finished ready to build land to build one’s dream home on or an existing home that has the desired acres, South Kingstown has many offerings especially in the South Kingstown 5+ acres category of real estate searches. South Kingstown is in our ‘South County’ RI area (South County includes the towns of Westerly, Charlestown, South Kingstown, North Kingstown and Narragansett) as it is known and is in the southern end of Rhode Island real estate.  Acreage, waterfront, water view and oceanfront property all are offered here for South Kingstown real estate buyers.  It is a wonder...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown Real Estate Market Report – Rhode Island Real Estate.   The Ocean always calls to Rhode Islanders 21 South Kingstown homes have been sold in April 2012, as follows: 4 homes sold over $400,0006 homes sold for between $300,000-$400,00011 homes sold for under $300,000 April 2012 home sales are up over last April 2011 by 31% !  This South Kingstown real estate market is continuing and upward trend which is great news for sellers.  But buyers do not despair since the huge home inventory still makes South Kingstown a buyers market. South Kingstown Average Home Sale Price in April 2012 was $314,852.  South Kingstown homes sold on average for 93% of list price and was on the real estate market for 115 days on average.    There were 257 South Kingstown homes for sale in April 201...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Real Estate Inventory -South Kingstown RI Short Sale Update -  April.The number of South Kingstown short sales is remaining constant over the last few months with an uptick of one.  Some of the short sale number increases .  Short Sale Choices in South Kingstown are due to the fact that homeowners are finding themselves in a financial vice due to hardships, divorce, medical expenses, loss of jobs, etc.  As this North Kingstown short sale agent knows, the short sale process can take a number of months to close.  There are great RI real estate deals to be made if one has the patience, the right short sale agent for guidance and a good understanding of the process. As I have shared before in short sale posts, a South Kingstown short sale truly begins when an offer on a home for sale is rec...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
 Short Sales Inventory - South Kingstown RI  The number of South Kingstown short sales has increased a bit over the last few months.  Some of the short sale number increases Short Sale Choices in South Kingstown are due to the fact that homeowners are finding themselves in a financial vice due to hardships, divorce, medical expenses, loss of jobs, etc.  As this North Kingstown short sale agent knows, the short sale process can take a number of months to close and having the focus for both buyer and seller is important.  There are deals to be made if one has the patience, the right agent for guidance and a good understanding of the short sale process. As I have shared before in short sale posts, a South Kingstown short sale truly begins when an offer on a home for sale is received at les...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
American Music Series 2012 -Courthouse Center for the Arts-RI . Life in southern Rhode Island has its benefits besides the great beaches and hideaway restaurants to talk about. We have the Courthouse Center for the Arts and a five concert series of blues, jazz, soul, rock and folk music which is about to begin on April 19th.  All sponsored by local construction companies to make these concerts possible.  General admission tickets are $20-$25 per ticket, per concert.  Or purchase the entire American Music Series of tickets for 5 shows and save $15 and get reserve seating!   Tickets can be purchased on line at www.courthousearts.org or through the box office at 401.782.1018.   Location: Courthouse Center for the Arts -3481 Kingstown Road, West Kingston, RI 02892 Time:    Doors open 7 p.m....
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
 South Kingstown RI- Real Estate Market Report.  Waterfront South Kingstown Homes for Sale South Kingstown RI Real Estate Market Report-February 2012.   11 South Kingstown homes have been sold in February 2012, as follows: 0 homes sold over $400,0004 homes sold for between $300,000-$400,0007 homes sold for under $300,000 Home sales are down slightly from February 2011 but pending home sales have increased. Average Home Sale Price in February 2012 was $249,454. South Kingstown homes sold on average for 91% of list price and on average were on the real estate market for 202 days.  This was nearly a doubling of days on market over the prior month. There were 216 South Kingstown homes for sale in February 2012 which was a 4 % increase over the prior month.  The number of sold homes has decr...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Real Estate Market Report - January 2012 South Kingstown Real Estate is at the Beaches too! 19 South Kingstown homes have been sold in January 2012, as follows: 3 homes sold over $400,0007 homes sold for between $300,000-$400,0009 homes sold for under $300,000 There were 207 South Kingstown homes for sale in January 2012 which was a 4 % decrease over the prior month which is a continued decreased in homes on the market.  The decrease in home inventory is encouraging news for home sellers.  The number of January's sold homes was equal to December’s sales and South Kingstown remains the strongest town in home sales in South County RI but it also has the most homes for sale. The average home sale price was $294,631, homes sold for 93% of list price and were on the real e...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
 South Kingstown RI Year End Real Estate Market Report for 2011. South Kingstown RI Real Estate Market Report for 2011 is promising.  19 South Kingstown homes have been sold in December, as follows:   1 home sold over $400,000  4 homes sold for between $300,000-$400,000  14 homes sold for under $300,000 There were 219 South Kingstown homes for sale in December 2011 which was a 8 % decrease over the prior month (same as November).     South Kingstown continues to have a good supply of homes for sale and the waterfront South Kingstown homes for sale are selling slowly.  One South Kingstown short sale closed in December.  There are 21 homes in pending status in South Kingstown RI (pending sales are down by 2 homes over the prior month).  Yet, the home absorption rate for South Kingstown h...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Market Report - November 2011 is as follows:                             19 South Kingstown homes have been sold in the past month:                     1 home sold over $1 million                       3 homes sold over $400,000                      4 homes sold for between $300,000-$400,000                     11 homes sold for under $300,000       There were 238 South Kingstown homes for sale in November 2011 which was a 3% decrease over the prior month ( 7 fewer homes for sale).  Of these 18 South Kingstown homes for sale  are over $1 million. Sharing these South Kingstown real estate market reports provide you with a better insight into the number of South Kingstown homes for sale, homes sold and market trends in real estate .   If your are a South Kingstown home...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Breaking News, More Mortgage Turn-Downs’   For everyone in the mortgage or real estate business today, there are financing challenges. I like to say the lenders and underwriters don’t discriminate. I don’t care if the borrowers have good credit or not so much, I don’t care if the borrowers make a lot of money or not so much. Each and every mortgage has its challenges. All of the additional guidelines have created so much unnecessary chaos and slowed the process so dramatically and for NO REASON!   I have a lot of frustration with the appraisal process, it is crazy. Here is a perfect example. I did a mortgage for clients buying a second home in South Kingston RI. The sale price was $230,000 and the appraisal came out at exactly $230,000. Two weeks after I took this application I took an...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI - Short Sale Current Inventory.    The number of South Kingstown short sales has remained constant over the last few months.  The short sale inventory is due to the fact that homeowners are finding themselves in a financial vice due to hardships, divorce, medical expenses, loss of jobs,etc.  As this North Kingstown short sale agent knows, the short sale process takes a number of months and having the endurance for both buyer and seller to hold on is important.  There are deals to be made if one has the patience, the right agent and a good understanding on the short sale process.  As I have shared before in short sale posts, a South Kingstown short sale begins when an offer on a home for sale is received at less than the mortgage amount owed on the home and then presen...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Real Estate Market Report 02879 02892 02883 - October 2011 is as follows:                             17 South Kingstown homes have been sold in the past month:                       1 home sold over $400,000                      8 homes sold for between $300,000-$400,000                     8 homes sold for under $300,000      There were 245 South Kingstown homes for sale in October 2011 which was a 9 % decrease over the prior month ( 23 fewer homes for sale).  Of these South Kingstown homes for sale 20 homes are in the over $1 million category. My goal in sharing these South Kingstown real estate market reports with you is to give a better insight into the number of South Kingstown homes for sale, price range of homes sold and real estate market trends month to mon...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
South Kingstown RI Real Estate Market Report - September 2011 is as follows:                             26 South Kingstown homes have been sold in the past month:                      1 home sold for over $1 million (South Kingstown waterfront)                      6 homes sold over $400,000                     13 homes sold for between $300,000-$400,000                     6 homes sold for under $300,000      There were 268 South Kingstown homes for sale in September 2011 which was a 5% decrease over the prior month ( 13 fewer homes for sale).  Of these South Kingstown homes 20 homes are for sale in the over $1 million category. My objective in sharing these South Kingstown real estate market reports with you is to give a better insight into the number of South Kingstown homes for sa...
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