What is Happening in the Narragansett RI Real Estate Market?

  What is Happening in the Narragansett RI Real Estate Market?

Narragansett RI real estate for October 2012

Aah, miss the warm days of summer!


Narragansett Rhode Island Real Estate Market for October 2012

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Narragansett Rhode Island Real Estate Market Update October 2012.   Discover the true facts on home sales in this waterfront RI real estate town.  Know what you are looking for in a home, what is selling and price ranges of Narragansett homes for sale.  Discover the neighborhoods from Bonnet Shores to Calef Avenue that offer the desirability and Narragansett locations for great home buys.


21 Narragansett homes were sold in October, as follows:    


    4  waterfront Narragansett homes sold for over $ 1 million     

     9 homes sold over $400,000

       5 homes sold between $300,00- $400,000

      3 homes sold for under $300,000


What is Happening in the Narragansett RI Real Estate Market?

 Let’ s look at the Narragansett Rhode Island Real Estate Home Sale Information Facts for October 2012:

Average Home Sale Price in October 2012 was $659,566,  homes sold on average for 93% of list price  and were on the real estate market for 161 days on average.


Median Home Sale Price in October 2012 was $415,000, median price of homes sold was 95% of list price and the median days on market were 118 days.  So days on market have increased and sales to list price are also.


Home sales are up equal to the prior month.  

Narragansett home sales are up 133% over last year same time (October 2012 compared to October 2011).  What a fabulous uptick in this real estate market!

There were 152 Narragansett homes for sale in October 2012 which was a 6 % decrease over the prior month.

The choices of homes in all price ranges are there for interested ready, willing and able buyers.  Ensure you are pre-approved through a mortgage lender before you start your property search.  Don’t be naive.  Know your home affordability limitations before you look for the home of your dreams.


Coastal Narragansett RI real estate stats for October

Find your piece of coastal Narragansett Real Estate here

In the $1 million category of luxury Narragansett homes for sale,  there are 33 homes for sale.  And yes, luxury sales in this waterfront Narragansett community are selling well for the second month in a row.


No Narragansett short sale sold in October.   

Narragansett’s October pending home sales: 21  homes.  Pending sales are down by 20% over the prior month but still strong in pending home numbers.


It is a great time to buy as well as enjoy waterfront Narragansett RI real estate!  This real estate market continues to move towards a balanced real estate market …neither favoring buyer or seller.

Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge and guidance.  I lived in Narragansett for many years and know its nooks & crannies of real estate well.   Narragansett Rhode Island Real Estate Market.


Ginny Lacey Gorman is your go to Narragansett agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.       

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 true real estate professional for your buying, selling or relocating needs and an internet savvy agent who sells RI houses in this real estate market call Ginny at 401.529.7849.