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.
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.