Narragansett RI 02882 Real Estate Market Report –January 2012.
Remember the Warm Days of Summer on Narragansett Beach
The local real estate market shows signs of rising slowly as an increased interest in homes is demonstrated by showings and sales which continue to happen in the Narragansett real estate locale.
13 Narragansett homes were sold in January 2012, as follows:
1 waterfront home sold for over $1 million
7 homes sold over $400,000
3 homes sold for between $300,000-$400,000
2 homes sold for under $300,000
Narragansett RI Home Sales by Price Ranges- January 2012
Average Home Sale Price in January 2012 was $496,403, homes sold on average for 90% of list price and were on the real estate market for 121 days on average.
Median Home Sale Price in January 2012 was $492,500, median price of homes sold was 93% of list price and the median days on market were 62 days.
There were 169 Narragansett homes for sale in January 2012 which was a 8 % decrease over the prior month(15 less homes for sale). Certainly the choice of homes in all price ranges are there for interested buyers. In the $1 million category, there are 35 Narragansett luxury homes for sale right now. The number of homes sold in January was 32% less than the number sold in December…. sales continue to fluctuate up and down in this waterfront Narragansett community.
No Narragansett short sales sold in January. There are two active Narragansett short sales on the market right now. RI short sales continue to grow in the various towns so working with the North Kingstown short sale agents can decidedly make the difference in a successful outcome with this process. Call me at 401.529.7849 if you want to discuss your housing financial options in a confidential manner.
Narragansett’s January pending home sales: 22 homes. It is remains a buyers market here. Spring is here and arriving with buyers looking for housing…so spruce up and primp the home…Interested in the RI real estate market and need guidance, call me at 401.529.7849 my real estate knowledge will guide you well. Narragansett RI 02882 Real Estate Market Report.
Another market report past post you may have missed:
Narragansett RI Real Estate Market Report for 2011.
View Narragansett Pier- Narragansett RI 02882 in a larger map
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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Narragansett RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
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