20 Narragansett homes have been sold in May 2012, as follows:
2 waterfront Narragansett homes over $1 million
6 homes sold over $400,000
4 homes sold for between $300,000-$400,000
8 homes sold for under $300,000
Narragansett Rhode Island Real Estate Home Sale Information Facts:
Average Home Sale Price in May 2012 was $441,015, homes sold on average for 93% of list price and were on the real estate market for 154 days on average.
Home sales are up 18% over last year same time (May 2012 compared to May 2011) while pending home sales in Narragansett are up 4%…this continues to be good news for sellers.
There were 179 Narragansett homes for sale in May 2012 which was a 5% increase over the prior month (9 more homes for sale). The choices of homes in all price ranges are here for interested ready, willing and able buyers. In the $1 million category of homes, there are 37 Narragansett homes for sale right now. The number of homes sold in May was 3 less than the number sold in April…. and yes, luxury waterfront Narragansett home sales in this Narragansett community are selling again.
One Narragansett short sale sold in May 2012.
Narragansett’s May pending home sales: 26 homes. Pending sales are down by 13% over the prior month. It still remains a buyers market.
If you are financially able it is time to stop renting a home and not build any home equity when there are deals in Narragansett and other Rhode Island real estate communities to BUY into?
With VA , Affordable housing through Narragansett Housing Authority and USDA loans, buying is possible right now. Call me so I may put you in touch with a mortgage loan officer who can work with you financially. Home ownership is a good feeling when done within your means.
Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge will guide you well in this market. Market Update Report - Narragansett Rhode Island Real Estate.
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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 Rhode Island real estate are her specialty. If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you! 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