Narragansett RI Home Sale 2013 Year End and December Update

Narragansett RI Home Sale 2013 Year End and December Update

The Narragansett home sales update for December 2013 continues its real estate run into winter with a decrease in RI real estate home sales.  Not surprising for this time of year as winter is not an active time for home buyers here.

As this is one of the best coastal Rhode Island beach towns to reside in, Narragansett homes for sale offer great and varied real estate diversity.   Let us take a look at what the market is doing in December and recap 2013 in home sales…

The Narragansett RI real estate report December 2013 update is as follows:

• Properties active and on the market:112

• Single-family properties sold in the month: 10

• Average sales price: $ 801,000

• Sales price to list price ratio: 91%

• Average days on the market: 92

• Sales currently pending: 15

• Narragansett homes sale absorption rate remains at just over 10 months worth of home inventory and isa buyers market.

• Breakdown of the 10 Narragansett home sales in December is as follows: 2 homes sold under $300,000,3 homes sold between $300,000-$400,000, 3 homes sold over $400,000 and 2 homes over $1 million.

• The luxury oceanfront Narragansett home market continues to be of buying interest with 2 homes over $1 million selling this month.  Interesting to see that 20 homes a million dollars and over sold here in both 2012 and 2013.

Staying informed on Narragansett home sales is key to every homeowner who is thinking of selling their home in the next year.  Know thy market, work with a real estate agent who knows this market and develop your marketing plan well.

Current home sales in the month of December are down by 60% over the prior month, home inventory growth decreased by 21% and pending homes in contract were up by 15% over the prior month.  So the interest in Narragansett homes has slowed with the wintry weather.  Well we all long for the warmth of spring and summer returning...as well as the buying season.

Narragansett RI Home Sale 2013 Year End Update

Home prices for the year to date period through December 2013 compared to December 2012 are down by 3%.  Homes sold were up 2% over the same time period.  

Looking to buy a Narragansett home for sale?  You have come to the right place!  Call me and let me help guide you through the southern RI real estate search of homes.  My knowledge of neighborhoods and condo complexes is an asset to your as a seller or a buyer in this and surrounding locales.  Having lived here for many years, I know its nooks and crannies!

                                             Narragansett Beach in summer

The Narragansett homes’ sales market remains steady but not as strong as 2012.  

Looking for a RI waterfront Realtor that not only knows her Narragansett homes for sale but markets her clients properties with marketing exposure online?  It sells homes and I do it well.   I would love the opportunity to help you.

If you are considering buying a coastal Narragansett RI home or interested in selling your home, call Ginny Lacey Gorman, RI waterfront real estate agent,  today at 401.529.7849 or email me at RiByTheBat@gmail.com.  Let’s discuss your home needs now.  Let my online real estate marketing program work successfully  for you!  Narragansett RI Home Sale 2013 Year End Update

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Ginny Lacey Gorman is your go toRhode Island waterfront Realtor® for NarragansettRI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me at RiByTheBay@gmail.comto make an appointment to discuss your home sale needs!

Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  So feel free to search for RI Homes for Sale.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy Realtor® who sells RI houses in this real estate market call Ginny at 401.529.7849