Narragansett RI Real Estate Market Update | February 2013
Narragansett RI Real Estate Market Update | February 2013. The Narragansett RI real estate market data for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.
The following is the February 2013 single family home sales and activity in Narragansett real estate:
Properties active and on the market: 118
Single-family properties closed in February 2013:8
Average sales price: $ 573,487
Sales price to list price ratio: 91%
Average days on the market: 170
Sales currently pending: 16
Narragansett home absorption rate has crept up again to a home buyers market. With 23% of the homes for sale being in the $1 million plus luxury market category, it will take some time to get to a balanced buyers and sellers market.
Breakdown of the 8 Narragansett RI home sales in Februay is as follows: 4 homes sold under $300,000, 2 homes sold between $300,000-$400,000, 1 home sold over $400,000 and 1 home sold for over $1 million. In February, the under $300,000 home was the one that generated the most buying interest.
Narragansett RI Real Estate Market Update | February2013
Waterview Narragansett home
Home sales were down in February by 27% over the prior month due to the Blizzard of 2013, home sales were down over last year at the same time period and home inventory levels increased by 8 homes (equal to what was sold in February). Yet, the Narragansett RI home sales market had been a strong selling market in 2012. The past home sales numbers support a strenthening of this market as the spring season comes upon us.
Narragansett is a waterfront Washington county community that is known for its beaches, oceanfront and water view homes, ecletic restaurants and high scholastic ranking schools.
Looking for a coastal RI real estate agent that not only knows her Narragansett RI real estate market and markets her clients homes with the utmost exposure on line? I would love the opportunity to help you. Call me today, Ginny Lacey Gorman, waterfront RI real estate agent, at 401.529.7849 or email me at RiByTheBay@gmail.com. Let’s discuss your home needs now. Let my on line real estate sales program work for you! Narragansett RI Real Estate Market Update | February 2013.
Ginny Lacey Gorman is a Rhode Island waterfront Real Estate Agent who works and knows the Narragansett RI geographic area of homes for sale, schools, happenings and important tidbits of information well.
Coastal, water view, ocean front, luxury and waterfront Rhode Island real estate are my 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.