Narragansett RI 02882 Real Estate Report - August 2011.
12 Narragansett homes have been sold in August 2011:
1 home sold for over $1million (waterfront Narragansett home)
4 homes sold over $400,000
5 homes sold for between $300,000-$400,000
2 homes sold for under $300,000
There were 243 Narragansett homes for sale in August 2011 which was a 5 % increase over July (12 additional homes for sale). Certainly the choices of homes in all price ranges are there for interested buyers. In the higher priced homes over $1 million, the Narragansett home inventory is at 39.
If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home. My web site will give you more information into all the southern RI towns that may be of interest to you also as you search for RI real estate for sale.
Narragansett continues to have a good supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling. Honestly, the sales were in the under $300,000- $400,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD. Sales decreased by 4 homes sold over the prior month which was surprising in this waterfront and beach community.
Mortgage rates remain at low rates. It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range.
August's pending home sales were equal to July 2011 - 21 homes in pending status in Narragansett RI. It is still a buyers market with the market absorption rate at 11 months to sell just the current homes on the market. Don't forget to visit Narragansett Beach in Narragansett Pier for a wonderful view of one of our magnificent beaches!
Out of state and in state buyers continue to search for Narragansett oceanfront and coastal homes for sale. Fall is around the corner and is a great time to see the beauty of this waterfront Narragansett community. Narragansett RI 02882 Real Estate Market Report - August 2011.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the 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 is 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.