Narragansett RI Home Sales | RI Real Estate | November 2012

Narragansett RI Home Sales | RI Real Estate | November 2012

 

Narragansett waterfront RI real estate

It is about Narragansett beach

 

Narragansett RI Home Sales | RI Real Estate | November 2012.  

 

Real estate market date for Narragansett, RI provided by Ginny Lacey Gorman of waterfront RI real estate:

Narragansett real estate homes for sale

Click the picture to search for homes for sale

  • Properties active and on the market: 137
  • Single-family properties closed in November 2012: 18
  • Average sales price: $ 596,638
  • Median sales  price: $ 335,000
  • Sales price to list price ratio: 94%
  • Average days on the market: 172
  • Sales currently pending: 17
  • Narragansett home absorption rate8 months of home inventory(a normal or steady market would be 5-7 months of homes on the market; anything under 5 months of inventory is considered a seller’s market, above 7 months is considered a buyer’s market). Based on this most recent home sales data, the Narragansett real estate market is a buyers market.

    Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the real estate active market.

  • Breakdown of the 18 Narragansett RI home sales is as follows for the month: 6 homes sold under $300,000, 5 homes sold between $300,000-$400,000 and 5 homes sold over $400,000 and 2 homes sold for over $1 million.  In November the under $400,000 home was the one that generated the most buying interest.
waterfront Narragansett RI homes

Sand Hill Cove breakwater


The Narragansett RI home sales market has been a strong selling market this year with number of home sales up 63% over 2011!

Home prices have increased year to date over 2011 by 67%.  Yes, these are accurate home sale volume and sale price increases that are remarkable.  The buyers were out in full purchase mode to buy ocean front and near coastal RI real estate.

 

Narragansett RI Home Sales | RI Real Estate | November 2012

The Narragansett community is a waterfront South County community that is known for its beaches, coast line,  notable restaurants and good schools.  This is all a great draw when put together for Narragansett home buyer.

Looking for a waterfront RI Real Estate Agent that not only knows her South County real estate market but markets her clients homes with maximum exposure on line with successful waterfront RI real estate sales.  I would love the opportunity to help you.

If you would like to consider buying a coastal Narragansett RI home or interested in selling your home, contact Ginny Lacey Gorman, waterfront RI real estate agent,  today at 401.529.7849 or email me atRiByTheBay@gmail.com.  Let’s discuss your home needs now.  Let my on line real estate exposure program work for you!

Narragansett RI Home Sales | RI Real Estate | November 2012.

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Ginny Lacey Gorman is your go to waterfront Rhode Island agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email her at RiByTheBay@gmail.com to make an appointment to find the home of your dreams too!
 
Waterfront, oceanfront, luxury and coastal Narragansett Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a true waterfront RI real estate professional for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.

 

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