Narragansett RI Real Estate Market September 2013

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/45v5
How is the Rhode Island real estate market doing at the end of 3rd quarter 2013?
 
Well a slight slowdown by 2% year to date 2013 over 2012 in Narragansett home sales Narragansett RI real estatehas occurred.  But remember that it was a busy real estate year in this town last year especially in the luxury waterfront market.  The Narragansett RI real estate update is provided by RI coastal Realtor, Ginny Lacey Gorman.
 

As this is one of the RI real estate best coastal beach towns to reside in. 

The Narragansett home sales September 2013 update in real estate home information is as follows:

  • Properties active and on the market: 153 
  • Single-family properties sold in September 2013: 22 
  • Average sales price: $ 414,654
  • Sales price to list price ratio: 95% 
  • Sales currently pending: 28 

 Narragansett homes sale absorption rate has increased to about 7  months worth of home inventory.  

  • Breakdown of the 22 Narragansett RI home sales in September is as follows: 7 homes sold under $300,000, 6 homes sold between $300,000-$400,000, 7 homes sold over $400,000 and 2 homes over $1 million.  In September, the  under $300,000 and over $400,000 home market were the ones that generated the most buyers interest.  
  • The luxury oceanfront Narragansett home market continues to be selling with 2 coastal homes over $1 million sold.  Staying informed on Narragansett home sales for any month is key to every homeowner who is thinking of selling their home soon.  Know your home market is key to pricing and the right sales price.

Current home sales are down 15% over the prior month, home inventory growth did not happen but decreased and pending homes in contract were up by 8% over the prior month.  Buyers have interest in Narragansett homes continues.  The number of home sales numbers are down 2% year to date September 2013 over year to date September 2012.  Home prices for the same period are down 4%.  2012 was a stronger year in the real estate market.   
 
The Narragansett home sales market has been a stronger selling market through the summer and is experiencing a slight slowdown. 
 
Looking to buy a Narragansett home for sale? You are only minutes away from a beach at any home location here.

 
Narragansett Home Sales Update September 2013
Narragansett Beach in summer

The Narragansett homes’ sales market remains steady.  This RI waterfront community in Washington county is known for its beaches, Narragansett Pier, fabulous culinary locations and top public schools. 

Looking for a RI waterfront Realtor that not only knows her Narragansett homes for sale but markets her clients properties with extreme exposure on line?  I would love the opportunity to help you.  Call me today.

If you are considering buying a coastal Narragansett RI home or interested in selling your home, contact me, Ginny Lacey Gorman, waterfront RI real estate agent,  today at 401.529.7849 or email me at Ginny@RiHouseHunt.com.  Narragansett Home Sales Update September 2013.

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

Ginny Lacey Gorman is a Rhode Island waterfront Real Estate Agent who works and knows the Narragansett 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 you are 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 marketcall Ginny today at 401.529.7849 or email at Ginny@RiHouseHunt.com. 
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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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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

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Rainmaker
3,874,070
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning,

Always like to hear that the real estate market is steady! Excellent report as always for Narragansett RI!

Oct 14, 2013 09:32 PM #1
Rainmaker
878,258
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Narragansett RI is beautiful. Glad to hear that your market is moving along with steady sales. Your report is easy to read and one that clients will benefit from.

Oct 14, 2013 09:50 PM #2
Rainmaker
2,295,489
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Nice job reporting what is going on throughout the Narragansett market. You always do such a great job share you reports.

Oct 14, 2013 09:54 PM #3
Rainmaker
2,324,815
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: You are the real estate agent in the know and consumers would be wise to review your Narragansett RI real estate report for the latest news about this market.

Oct 14, 2013 09:56 PM #4
Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, You are the local expert. Anyone looking to buy or sell a home in Narragansett RI should call you to be their agent.

Oct 14, 2013 10:26 PM #5
Ambassador
3,984,175
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Ginny, It is good to know that waterfront properties are still selling even if there is a slight slowdown. You are the agent to call in Narrangansett RI.

Oct 14, 2013 10:41 PM #6
Rainmaker
4,209,103
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, Narrangansett did have a great real estate year, and you always give buyers & sellers the real numbers to show how the market is doing!

Oct 14, 2013 11:32 PM #7
Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Ginny your RI real estate knowledge beams in this housing report on Narragansett.

Oct 15, 2013 01:08 AM #8
Rainmaker
653,068
Bobbie Smith
Stroudsburg, PA
570-242-1891

Ginny, Sorry to hear there was a 2% slowdown but at least it is only 2%. Hopefully the numbers will be better next month and make that difference up for the year to date numbers. Good Luck!

Oct 15, 2013 02:47 AM #9
Ambassador
3,891,448
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny, Narragansett is an excellent town with beautiful beaches, anyone would be very fortunate to purchase a home there.

Oct 15, 2013 07:49 AM #10
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hi Ginny, thanks for sharing Narragansett RI September 2013 market update. Very well done as always. Keep it up and stay the best North Kingstown short sale agent.
Oct 17, 2013 07:53 PM #11
Rainer
131,985
Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Hi Ginny, the Narragansett RI market appears to stay strong this coming month. Hope this continues throughout the year. Best of luck!
Dec 02, 2013 05:40 PM #12
Rainer
194,270
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate
Ginny, thanks for this very informative market report. This is very easy to understand and will surely prove helpful to all readers out there.
Jan 21, 2014 07:30 PM #13
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Rainmaker
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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