Narragansett Real Estate Single Home Sales
November 2021 Report
This is the Narragansett single home sale market in November with home sale closings decreasing by 12% over the prior month. Also, pending home sales are down 10% over the prior month. So far this year 50 single family homes have sold at $1 million or over in Narragansett real estate.
Narragansett RI real estate coastal home sales are not as busy this year compared to last year. Why are you waiting to sell? Home inventory is needed here!
As this is one of the prime southern RI coastal real estate oceanfront beach towns to reside in, Narragansett offers home buyers a variety of choices. Be prepared since Narragansett homes are more expensive than surrounding towns.
There is a reduced inventory of land here and house lots are usually smaller than other towns. It is best to know the market and always make sure your financing is in place before buying.
Claim your location or have plenty of cash for your Ocean Road, Great Island, Anawan Cliffs, Calef Avenue,Narragansett Pier or Narragansett neighborhood home. The desirability never seems to lessen with home buyers here. Let us take a look at what the market is doing this month in home sales…
The current Narragansett home sale market update is as follows:
Properties active and on the market: 44 (45 in prior month) yet 12 of the ‘Active’ homes are already in sales agreement.
- Single-family properties sold in the month: 15 ( 12% less than the prior month)
- Average sales price: $ 970,000
- Median sales price: $ 865,000
- Sales price to list price ratio: 97% (96% last month)
- Average days on the market: 55 ( 58 days prior month)
- Sales currently pending: 18 ( 2 less than prior month)
- Above ground average square foot cost of a sold home this year so far in Narragansett is $543.
- Highest price home sold in Narragansett this month is in the Dunes Club neighborhood at $2,200,000.
Narragansett homes sale absorption rate is 2.9 months worth of home inventory this month which is currently a sellers real estate market.
2021 Narragansett November Real Estate Market Data Recap
228 homes sold (8% less homes sold) in Narragansett in January-November 2021 as compared to January-November 2020 when 247 homes were sold. The average Narragansett house still commands an above average price for the Rhode Island real estate market at $ 942,000 so far in 2021 as compared to January-November 2020 which was $763,000 (23% increase in average home sold prices this year). The average above ground square foot cost of a sold home here so far in 2021 is $543 and is a 3 bedroom, 2 bath, and 1800 above ground square foot home.
One of the neighborhoods in demand is Narragansett Pier which has a few homes on the market and the price point is higher. Remember that the RI real property here is land. It is expensive so small lots with homes are the norm especially in the beach neighborhoods.
Home sales in Narragansett Real Estate Market this month, as follows:
The following is a breakdown of the Narragansett home sales this month: 0 home sold under $300,000, 0 home sold between $300,000-$400,000, 10 homes sold over $400,000 but less than $1 million and 5 homes sold for over $1 million.
- The luxury oceanfront Narragansett home market is an active market for luxury home buyers this year.
Staying informed on Narragansett Real Estate sales and its trending analysis is key to every homeowner who is thinking of selling. Know the home market, work with a knowledgeable local real estate agent who knows online marketing, negotiates well on your behalf and price your home right.
Consider an agent that uses state of the art aerial videos to showcase, market and sell your home the right way. Online marketing is a key real estate tool in marketing. Successfully selling your home to set your home apart as ‘eye candy’ wins every time. Consistent use of social media to promote real estate is essential to all homeowners to obtain the highest price.
The Narragansett homes sale market remains busy and is still selling with home buyers. It does not matter the time of year for oceanfront and near beach buying. This RI waterfront community in Washington County is known for its oceanfront beaches, seafood restaurants and well rated public schools.
Looking to buy a Narragansett home for sale? You have come to the right place! Let me help guide you through the Narragansett 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. The time to find the neighborhoods you want to live in is now.
The most current Narragansett homes for sale are here under $800,000:
The most current Narragansett homes for sale are here over $800,000:
Finding the right luxury Narragansett home for sale to fit your needs is important. Like a safari, the watchful eye must be out there scanning and viewing the current market continuously for that right place in Narragansett or beyond. From the side streets of Rodman and Boon Streets to Othmar, Westmoreland and Brown Streets and others, the Narragansett house hunt is the name of the game here.
Whether you are buying or selling in the RI coastal real estate market, I would love the opportunity to earn your trust and business. Having lived for many years in the Narragansett community, I know and love it well. Work with a real estate agent who has your interests first, knows how to negotiate to your benefit and knows the market.
As always, call me, Ginny Gorman, at (401) 529-7849 or email me at RiByTheBay@gmail.com so we may discuss your RI real estate options. I adore this coastlines homes, negotiate & price well for my selling clients and know the neighborhoods. My first priority is you and your needs always.
“Real Estate is My Passion … Marketing Drives My Business…Both Are in my DNA”
November 2021 Narragansett RI Home Sales Market Recap