Narragansett RI 02882 Real Estate Market Report

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

Galilee beach- Narragansett RI


Narragansett RI 02882 Real Estate Market Report.

         9 Narragansett homes have been sold in October 2011, as follows:

                    2 homes sold over $400,000

                    2 homes sold for between $300,000-$400,000
                    5 homes sold for under $300,000    

 There were 222 Narragansett homes for sale in October 2011 which was a 3 % decrease over September (8 less homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million Narragansett homes for sale price range, there are 35 Narragansett homes for sale right 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.  The number of homes sold in October was equal to the number sold in the prior month....steady sales in this waterfront Narragansett community- it is the time to buy waterfront!

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 under $300,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD. 

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 for buyers. 

Narragansett RI short sales continue to be a small portion of the current home inventory ( 1 home at present).  If you are in financial difficulty with your home, call the North Kingstown short sale agents team for a confidential appointment- we can help you out.

September's pending home sales were 4 homes more compared to September 2011 - 26  homes remain in pending status in Narragansett RI.  It is still a buyers market with the market absorption rate at many months to sell just the current homes on the market.  This remains a disadvantage for sellers. 

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 Narragansettcommunity.  Narragansett RI 02882 Real Estate Market Report.

~~~~~~~~~~~~~~~~~~~~~

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Narragansett 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 marketcall 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
2,354,972
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: This Narragansett RI Real Estate Market Report is a handy resource for both buyers and sellers in your area.  Knowing what the local market is doing is invaluable information.

Nov 03, 2011 10:56 PM #1
Rainmaker
574,554
Brin Realty Associates Team At Bean Group
Bean Group | Brin Realty Associates - Amherst, NH
Amherst NH homes and Southern NH real estate

Hi Ginny, Great market report and commentary for Naragansett RI real estate.

Nov 03, 2011 11:07 PM #2
Rainmaker
128,007
Michael Thornton
RadnorLake Video - Nashville, TN
Nashville Area - Photography & Videography

Good morning, Ginny. I hope that one of those properties that was sold was one of your transactions... 

Nov 03, 2011 11:24 PM #3
Rainmaker
650,347
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Ginny - your market report for Narragansett RI is simple and well written.  It provides great informaiton for consumers.  

Nov 03, 2011 11:26 PM #4
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

Anita, love my geographic area and staying up to date on the real estate market gives me a heads up against the competition...thanks

Rene, everything is local is it not?

Michael, so glad you have surfaced from all the birthday balloons!

Barbara, hoping to provide the information so they can call me for the assistance and guidance in this market.

Nov 03, 2011 11:59 PM #5
Rainmaker
874,291
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

With mortgage rates so low and such a great inventory one should really consider buying, Rhode Island is an awesome state.

Nov 04, 2011 12:01 AM #6
Rainmaker
694,727
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Is the 222 homes you have shown for sale, is this the normal number of homes in this market area.

Just seems like a lot of homes. I hope you sell some to get the inventory down a bit.

All over the country the homes for sale are dropping. Lower inventory means higher prices.

All the best, Clint McKie

Nov 04, 2011 12:11 AM #7
Rainmaker
5,388,348
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny....another wonderfully written market report for Narragansett RI from the North Kingstown Realtor, Ginny Gorman.

Nov 04, 2011 12:11 AM #8
Rainmaker
310,808
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Ginny.   Great market report as usual!   Narragansett RI is beautiful.   Those 35 homes over 1 mil must be spectacular!

Nov 04, 2011 12:33 AM #9
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

David, i do believe it is the time to invest in real estate for ones home...many choices right now.

Clint, actually it is fairly constant from month to month here...finding the home one wants appears to be the struggle...real estate taxes are half what surrounding towns levy...great place to buy.

Barbara, you know i love Narragansett and my heart will always belong here..

Nov 04, 2011 12:33 AM #10
Rainmaker
4,381,714
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, sounds like there is a variety of over $1 million properties, and hope you can get some of these SOLD!

Nov 04, 2011 04:46 AM #11
Rainmaker
710,080
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Ginny, glad to see there's some movement in the Narragansett RI market. Nice market report on your area!

Nov 04, 2011 11:07 AM #12
Rainmaker
506,180
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Ginny, I love your shot! The architecture set against the sky, sand, water, rocks and people....a great post card!

Nov 04, 2011 01:50 PM #13
Rainmaker
1,051,244
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

With the area steeped in tradition and accompanying picture perfect post card that absorption rate seems destined to rise Ginny.  Whatever beach that is it looks to be the happening spot for all! 

Nov 04, 2011 03:33 PM #14
Ambassador
2,725,375
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Ginny. Thanks for sharing another informative market report for Narragansett RI! As usual, with your expertise in RI and experience as North Kingstown Short Sale Agents, you provide good information that every buyer and seller in RI must read. Thanks for sharing!

Nov 04, 2011 03:55 PM #15
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

Joan, it is my intention to work hard on these great homes..

Erika, hope your area is doing well & thanks for popping by here.

Ellen, like a scene you could draw...Narragansett RI real estate is amazing and has such a wonderful feel in living there...

Kevin, from beach person to beach person...from Naples to Narragansett...isn't it all about the beach!

Katerina, sharing is caring and providing the Narragansett RI information for the consumer is important.

Nov 04, 2011 11:59 PM #16
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Rainmaker
1,816,979

Ginny Gorman

Homes for Sale in Southern RI and beyond
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