Narragansett RI 02882 Real Estate Market Report for April 2011
is as follows:
8 Narragansett homes have been sold:
5 homes sold over $400,000
1 home sold for between $300,000-$400,000
2 homes sold for under $300,000
Why do I share Narragansett RI real estate statistics month after month with you the consumer? Hopefully, it is to give you a truer insight into the number of homes on the market, price range of homes sold and real estate market trends month to month for the southern RI area you may be considering buying into. If your are a Narragansett home seller, it gives you data on home sales. My web site will give you more information into the Southern RI communities that will be of interest to you also as you search Narragansett real estate for sale.
There were 198 Narragansett homes for sale in April 2011 which was a 10% increase over the prior month (18 more homes for sale). The increase in inventory benefits the buyers out there searching for homes right now.
Narragansett has a good supply of homes and the waterfront, ocean front, luxury and coastal Narragansett homes are selling. The strongest home market in this community is in the over $400,000 market. Narragansett real estate sold was down in sales over the month of March though. Yet, it is the higher priced homes selling now.
Mortgage rates dropped again and remain at under 5% still. Such a great time for Narragansett home buyers to find the neighborhood of their choice and then the right price range. Whether it is on Great Island or Harbour Island neighborhoods just to name a few, searching for the hidden gems of real estate also take a ‘sparkly red shoe’ Real Estate Agent who knows the area well, lived here and work here.
Pending home sales have increased over the prior month. There are 22 homes in pending status in Narragansett RI (no pending waterfront homes). Out of state buyers are working with me to find Narragansett luxury homes for sale so I do expect real estate to be remain active this spring in all price ranges. Narragansett RI 02882 Real Estate Market Report.
Ginny Lacey Gorman is your go to agent for Narragansett RI Homes for Sale…knowing the geographic area, schools, happenings, important tidbits of local information and businesses well. She’s the RI Real Estate agent with the Sparkly Red Shoes.
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.