Discover the Narragansett Real Estate Market

Discover the Narragansett Real Estate Market

July 2012

As one sets out to Discover the Narragansett Real Estate Market, find out the facts on home sales.

13 Narragansett homes were sold in July 2012, as follows:

1 waterfront Narragansett home sold for over $1 million 

8 homes sold over $400,000

  4 homes sold for under $300,000

Discover the Narragansett Real Estate Market

Waterfront Narragansett at its Southern most point

Narragansett Rhode Island Real Estate Home Sale Information Facts:

Average Home Sale Price in July 2012 was $564,384,  homes sold on average for 94% of list price  and were on the real estate market for 98 days on average.

Median Home Sale Price in July 2012 was $460,000, median price of homes sold was 95% of list price and the median days on market were 76 days.

Home sales are down 46 % over the prior month of June.

Narragansett home sales are down 19% over last year same time (July 2012 compared to July 2011).

There were 187 Narragansett homes for sale in July 2012 which was a 2% decrease over the prior month(4 less homes for sale).

The choices of homes in all price ranges are there for interested ready, willing and able buyers.  In the $1 million category of Narragansett homes for sale,  there are 40 homes for sale now.

The number of homes sold in July was 4 less than the number sold in June…. and yes, luxury sales in this waterfront Narragansett community are selling slowly.

1 Narragansett short sale sold in July.   

Narragansett’s July pending home sales: 26  homes.  Pending sales are up by 44% over the prior month.  It remains a buyers market.

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.  Discover the Narragansett  Real Estate Market .

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Ginny Lacey Gorman is your go to Narragansett real estate agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.       

Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a true real estate professional for your buying, selling or relocating needs and an internet savvy marketer and agent call Ginny Gorman at  401.529.7849.