Narragansett RI Real Estate Market Report | November 2012
Narragansett RI Home Sales | RI Real Estate | November 2012.
Real estate market date for Narragansett, RI provided by Ginny Lacey Gorman of waterfront RI real estate:
- Properties active and on the market: 137
- Single-family properties closed in November 2012: 18
- Average sales price: $ 596,638
- Sales price to list price ratio: 94%
- Average days on the market: 172
- Sales currently pending: 17
Narragansett home absorption rate: 8 months of home inventory. Based on this most recent home sales data, the Narragansett real estate market is a buyers market.
Breakdown of the 18 Narragansett RI home sales in November 2012 is as follows for the month: 6 homes sold under $300,000, 5 homes sold between $300,000-$400,000 and 5 homes sold over $400,000 and 2 homes sold for over $1 million. In November the under $400,000 home market was the one that generated the most buying interest.
The Narragansett RI home sales market has been a strong selling market this year with number of home sales up 63% and home prices up 67% over 2011!
The buyers have been out in 2012 in full purchase mode to buy ocean front and near coastal RI real estate.
Narragansett RI Home Sales | RI Real Estate | November 2012
The Narragansett community is a waterfront South County community that is known for its beaches, ocean front properties, culinary delightful restaurants and outstanding schools. This is all a great draw when put together for any Narragansett home buyer.
If you would like to consider buying a coastal Narragansett RI home or interested in selling your home, contact Ginny Lacey Gorman, waterfront RI real estate agent, today at 401.529.7849 or email me atRiByTheBay@gmail.com. Let’s discuss your home needs now. Let my on line real estate sales and marketing program work for you! Narragansett RI Home Sales | RI Real Estate | November 2012.