Narragansett RI 02882 Real Estate Statistics - Homes Sold

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

Scarborough Beach - Narragansett RI 02882


Narragansett RI 02882 Real Estate Statistics - Homes Sold.

         9 Narragansett homes have been sold in September 2011:

                   2 homes sold for over $1million (waterfront Narragansett home)

                    4 homes sold over $400,000
                    1 home sold for between $300,000-$400,000
                    2 homes sold for under $300,000   

 There were 230 Narragansett homes for sale in September 2011 which was a 5 % decrease over August (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, there are 39 Narragansett homes for sale now.

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 large supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling slowly.  Honestly, the sales were in the over $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 5% over the prior month which was surprising in this waterfront community.

Mortgage rates remain low.  It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range and buy a home they can afford.  Narragansett has one of the lowest real estate tax rates in the South County towns which is like cash in the bank. 

Narragansett RI short sales continue to be a small portion of the current home inventory ( 2 homes at present) but are definitely worth the wait when they are in the neighborhood of your choice.  RI short sales continue to grow in numbers so working with the North Kingstown short sale agents decidedly makes sense.  Ensure your financial options are explored and call for a confidential appointment today.

August's pending home sales were 4 homes more compared to August 2011 - 25  homes remain in pending status in Narragansett RI.  It is still a buyers market with the market absorption rate at 25 months to sell just the current homes on the market.  This is a disadvantage for sellers. 

Don't forget to visit Narragansett Beach in Narragansett Pier for a wonderful view of one of our magnificent beaches when you visit!  Spend the day walking the beach or along the Pier walk.

Out of state and in state buyers continue to search for
 oceanfront and coastal homes Narragansett for sale.   Fall is officially here and it is a great time to see the beauty of this waterfront Narragansett community.  Narragansett RI 02882 Real Estate Statistics.

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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.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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Rainmaker
5,397,387
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny....Narragansett RI is such a nice area.....and they don't make ocean front land anymore....I would think it would always be in demand....

Oct 05, 2011 01:16 AM #1
Ambassador
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Hi Ginny, you have a great area to market and as Barbara points out, they are not making any additional ocean front property. Ginny, "Red Shoes" Gorman is definitely the agent to call when looking got real estate in the Narragansett RI area.

Oct 05, 2011 01:35 AM #2
Rainmaker
1,816,979
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Barbara, it is breathtaking & I was showing houses there the other day & realize how much I love it..

Ed, that is why people who wait are sorely disappointed because the houses just do not come up again to buy unless you want to wait a decade...

Oct 05, 2011 03:06 AM #3
Rainer
355,890
Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Sells Real Estate!

Ginny, nice concise market report...especially good for people to know that houses in all price ranges are selling. It's a great time to sell and a great time to buy and Ginny Gorman is the North Kingston Realtor to call.

Oct 05, 2011 03:36 AM #4
Rainer
125,429
Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents - Monument, CO
Angel Realty, LLC

This is a great market report. You are definitely the North Kingston Short Sale Agent to call. Thanks for posting.

Oct 05, 2011 04:09 AM #5
Rainmaker
2,355,672
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: With 25 months of inventory, buyers can afford to be choosey in Narragansett RI.  The high-end inventory amazes me...we have nothing remotely close to that.

Oct 05, 2011 09:24 AM #6
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Rainmaker
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Ginny Gorman

Homes for Sale in Southern RI and beyond
Need help Selling or Buying RI real estate? Call me
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