Narragansett RI Real Estate Market Report –Year End
With the beginning of the new year of 2012, local real estate shows signs of rising slowly as an increased interest with buyers is maintained and sales continue to happen in the Narragansett RI real estate arena.
19 Narragansett homes have been sold in December 2011, as follows:
8 homes sold over $400,000
6 homes sold for between $300,000-$400,000
5 homes sold for under $300,000
There were 184 Narragansett homes for sale in December 2011 which was a 11 % decrease over the prior month(23 less homes for sale). Certainly the choices of homes in all price ranges are there for interested buyers. In the $1 million category, there are 31 Narragansett homes for sale right now. The number of homes sold in December was 58% higher to the number sold in the prior month-home sale activity was very good…. sales continue in this waterfront Narragansett community.
No Narragansett short sales sold this past month. RI short sales continue to grow in the various RI towns so working with the North Kingstown short sale agents decidedly makes the difference in a successful outcome. Narragansett’s December pending home sales: 21 homes. It is remains a buyers market here.
Overall 144 Narragansett homes were sold in 2011.
– Average Narragansett home sold for $477,348
– Narragansett homes were on the market for 125 days
– Narragansett homes sold for 92% of list price
– 11% fewer Narragansett homes sold in 2011
As you can see 29% of the 2011 Narragansett homes sold were under $300,000, 31% were $300,000-$400,000 and 40% were over $400,000. All to compare against the new year of 2012 home sales. During 2011, 10 Narragansett homes sold for over $1 million. Still Narragansett remains a great and expansive location for luxury and oceanfront homes to buy in.
Visit Narragansett Beach in Narragansett Pier for a wonderful view of one of our magnificent beaches for even in the winter months the pristine sands are worth walking on, restaurants are here to enjoy and the serenity of Narragansett real estate for sale is ever present! Remember Narragansett has one of the lowest real estate tax rates in the South County towns which is like cash in the bank for homeowners over a number of years.
Other South County RI town 2011 Year End Real Estate Market Reports:
North Kingstown RI Real Estate Market Report
South Kingstown RI Real Estate Market Report
Winter is here and it is a great time to see the vistas of this waterfront Narragansett town. Narragansett RI Real Estate Market Report – Year End.
Ginny Lacey Gorman is your go to North Kingstown real estate agent for homes in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.
As North Kingstown short sale agents, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.
Waterfront, oceanfront, luxury and coastal RI real estate 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 and agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.