Narragansett Real Estate Market Update. As one sets out to see the current Narragansett Real Estate Market Update, find out the facts on home sales in July 2012.
13 Narragansett homes were sold in July, as follows:
1 waterfront Narragansett home sold for over $1 million
8 homes sold over $400,000
4 homes sold for under $300,000
Narragansett Real Estate Market Update
Narragansett Rhode Island Real Estate Home Sale Information Facts is as follows for July:
Median Home Sale Price in July 2012 was $460,000, median price of homes sold was 95% of the listing price and the average time on the market is 76 days until sold. However, home sales decreased 46% in July over June.
Narragansett home sales decreased 19% over last year same time (July 2012 compared to July 2011).
There were 187 Narragansett homes for sale in July 2012 which was a 2% decrease in home inventory over the prior month (4 less homes).
In the $1 million luxury Narragansett homes for sale category, there are 40 homes for sale now. Coastal and waterfront Narragansett homes for sale attract buyers from around the country....the beauty of the Narragansett waterfront and lifestyle here is desirable.
The number of homes sold in July was 4 less than the number sold in June…. and yes, waterfront luxury Narragansett homes are selling slowly.
1 Narragansett short sale sold in July. Short sales have been few and far between in Narragansett over the past year.
Narragansett’s pending home sales in July: 26 homes. Pending sales are up by 44% over June 2012. It remains a buyers market in Narragansett .
Interested in the Narragansett real estate market and need guidance, call me at 401.529.7849 or email me at RiByTheBay@gmail.com for local Narragansett real estate knowledge and guidance. I have lived, worked and played in this waterfront town. Narragansett Real Estate Market Update.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are her specialty. If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you! 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.