Narragansett Rhode Island Real Estate Market Update.
Narragansett Rhode Island Real Estate Market Update September 2012. Discover the facts on home sales in this waterfront RI real estate town.. Know what you are looking for, what is selling and price ranges of Narragansett homes for sale. Is it still a buyers market? Yes, it is but waterfront RI real estate is selling in Narragansett.
21 Narragansett homes were sold in September, as follows:
3 waterfront Narragansett homes sold for over $ 1 million
9 homes sold over $400,000
2 homes sold between $300,00- $400,000
7 homes sold for under $300,000
Narragansett Rhode Island Real Estate Market Update
Narragansett Rhode Island Real Estate Home Sale Information Facts:
Average Home Sale Price in September 2012 was $594,441, homes sold on average for 89% of list price and were on the real estate market for 107 days on average.
Median Home Sale Price in September 2012 was $430,000, median price of homes sold was 92% of list price and the median days on market were 70 days.
Home sales are up 5 % over the prior month.
Narragansett home sales are up 48% over last year same time (September 2012 compared to September 2011). This is again a good sign to the local housing market.
There were 161 Narragansett homes for sale in September 2012 which was a 5 % decrease over the prior month.
The choices of homes in all price ranges are there for interested ready, willing and able buyers. Ensure you are pre-approved through a mortgage lender so you are ready to make an offer and know your home price range.
In the $1 million category of luxury Narragansett homes for sale, there are 40 homes for sale. And yes, luxury sales in this waterfront Narragansett community are selling slowly.
The number of homes sold in September was 1 more than homes sold in August.
1 Narragansett short sale sold in September.
Narragansett’s September pending home sales: 25 homes. Pending sales are up down by 7% over the prior month.
Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge and guidance. I lived in Narragansett for many years and know its nooks & crannies of real estate well. Narragansett Rhode Island Real Estate Market.
Ginny Lacey Gorman is your go to Narragansett Realtor® for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.