Narragansett RI Real Estate Market Update March 2014

Narragansett RI Real Estate Market Update March 2014

The Narragansett home sales real estate market for March 2014 is feeling a burst in blooming home sales.

Narragansett Home Sale Market

Narragansett RI Real Estate Market Update March 2014

Black Point nature preserve in Narragansett RI

As this is one of the RI real estate best coastal beach towns to reside in, Narragansett homes for sale offer a variety property choices from sellers to buyers.   Let us take a look at what the market is doing this March in home sales…

The Narragansett RI real estate report March 2014 update is as follows:

  • Properties active and on the market: 123
  • Single-family properties sold in the month: 16 (up by 100% from the prior month)
  • Average sales price: $ 368,000
  • Median sales  price: $ 324,000
  • Sales price to list price ratio: 95% 
  • Average days on the market: 82 
  • Sales currently pending: 22 (up 47% from prior month) 

Narragansett homes sale absorption rate dropped to 7.6  months worth of home inventory.  It is nearly a balanced real estate market here.

Narragansett RI Real Estate Market Update March 2014

  • Breakdown of the 16 Narragansett home sales in March is as follows: 6 homes sold under $300,000, 6 homes sold between $300,000-$400,000 and homes sold over $400,000.  In March, the homes in the under $400,000  price range generated the most buyers interest.  

Staying informed on Narragansett Home Sales in March 2014 is key to every homeowner who is thinking of selling their home soon.  Know thy market, work with a real estate agent who really knows this market and plan accordingly.

Current home sales are up by 100% over the prior month, home inventory growth increased by 6% and pending homes in contract increased by 47% over the prior month.  So the interest in Narragansett homes is increasing but not as much as last year same month.  Home sales are down 11% March 2014 over March 2013.

The Narragansett home sales market continues to increase significantly since 2011 which bodes well for 2014.

Looking to buy a Narragansett home for sale?  You have come to the right place!  Let me help guide you through the southern RI real estate maze of homes.  My knowledge of Narragansett neighborhoods ( Great Island, Calef Avenue, Harbour Island, etc.)and condo complexes is an asset to you as a seller.  I lived in Narragansett for many years and know it so well.

Narragansett RI Real Estate Market Update March 2014
The Narragansett homes sale market remains steady.  This RI waterfront community in Washington county is known for its beaches, oceanfront Narragansett Pier,  fabulous seafood restaurants and top RI public schools.  This is all a great draw when put together for any Narragansett home buyer.  Having lived in Narragansett for many years, I know the area well.

You have found the RI waterfront Real Estate Agent that not only knows her Narragansett homes for sale but markets her clients properties with extreme exposure on line.    I would love the opportunity to help you.

If you are considering 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 at Ginny@RiHouseHunt.com.  Let’s discuss your home needs now.  Let my on line real estate marketing program work for you!

Narragansett RI Real Estate Market Update March 2014

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 Ginny Lacey Gorman is your go to Rhode Island waterfront agent for Narragansett RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me at ginny@RiHouseHunt.com to make an appointment to discuss your home needs!
 
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 real estate professional and specialist 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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