Narragansett RI 02882 Real Estate Market Report -July 2011
The breakdown
Love the beaches in Narragansett RI
of 16 Narragansett homes sold in July 2011 is:
3 homes sold over $400,000
5 homes sold for between $300,000-$400,000
8 homes sold for under $300,000
There were 231 Narragansett homes for sale in July 2011 which was a 1% decrease over June 2011(2 less homes for sale).
If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home. For buyers, it gives you some current comparables for homes your are interested in buying. If you are a home buyer, my web site will give you more information into all the southern RI towns that may be of interest to you also as you search for RI real estate for sale in Narragansett.
Narragansett continues to have a good supply of homes for sale and the Narragansett oceanfront and coastal homes for sale are selling. Honestly, the sales were in the under $300,000 category this past month which means that if the location, condition and price is right, the home will be SOLD. Sales were down by 11% but pending sales were up to balance it off.
Since mortgage rates continue to remain at low rates, it is the best time for waterfront Narragansett home buyers to find neighborhoods of their choice. Consider Anawan Cliffs, Harbour Island or Great Island to name a few.
Julys pending home sales were better than Junes 2011 – 21 homes in pending status in Narragansett RI. It remains a buyers market in Narragansett RI with the home sale absorption rate at 12 months to absorb just all the present home inventory.
Out of state and in state buyers continue to search for waterfront Narragansett homes for sale. I do expect real estate to be remain active this summer in all price ranges and especially for vacation homes. People are still moving and buying homes in Narragansett! When you have the best state and town beaches here, it is a draw for buyers from everywhere.
Narragansett RI 02882 Real Estate Market Report.
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Ginny Lacey Gorman is your go to North Kingstown Real Estate agent for homes in North Kingstown RI and beyond knowing the geographic area, schools, happenings,important tidbits of information and businesses well.
She is the North Kingstown short sale agent to contact if your are underwater on your mortgage.
Waterfront, oceanfront, luxury and coastal RI homes for sale are her specialty but all of RI is her backyard. When you are in need of a good professional for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.
