Narragansett RI Real Estate Market Stats
Narragansett RI 02882 Real Estate Statistics in September 2011.
9 Narragansett homes have been sold in September 2011:
2 homes sold for over $1 million (waterfront Narragansett homes)
4 homes sold over $400,000
1 home sold for between $300,000-$400,000
2 homes sold for under $300,000
There were 230 Narragansett homes for sale in September 2011 which was a 5 % decrease over August(13 fewer homes for sale). Certainly the choices of homes in all price ranges are there for interested buyers. In the higher priced homes over $1 million, the Narragansett home inventory is at 36.
If your are a Narragansett RI real estate home seller, the real estate market report gives you information on recent home sales for the pricing of your home. 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.
Narragansett continues to have a good supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling. Honestly, the sales were in the over $400,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD. Sales decreased by 4 homes sold over the prior month which was surprising in this waterfront and beach community.
Mortgage rates remain at low rates. It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range.
September’s pending home sales were 4 more than in August – 25 homes in pending status in Narragansett RI. It is very much a buyers market with the market absorption rate at 25 months to sell just the current homes on the market.
Don’t forget to visit Narragansett Beach in Narragansett Pier or Galilee for a wonderful view of the magnificent beaches, surf and great seafood restaurants here!
Out of state and in state buyers continue to search for oceanfront and coastal Narragansett homes for sale. Fall is around the corner and is a great time to see the beauty of this waterfront Narragansett community.
Narragansett RI 02882 Real Estate Statistics.
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Ginny Lacey Gorman is your go to North Kingstown agent for homes in Narragansett RI and beyond…knowing the local 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 who sells RI houses in this real estate market – call Ginny at 401.529.7849.
