Narragansett RI Home Sale 2013 Year End and December Update

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/49Kk

Narragansett RI Home Sale 2013 Year End and December Update

The Narragansett home sales update for December 2013 continues its real estate run into winter with a decrease in RI real estate home sales.  Not surprising for this time of year as winter is not an active time for home buyers here.

Narragansett RI home views of the coastline

As this is one of the best coastal Rhode Island beach towns to reside in, Narragansett homes for sale offer great and varied real estate diversity.   Let us take a look at what the market is doing in December and recap 2013 in home sales…

The Narragansett RI real estate report December 2013 update is as follows:

  • Properties active and on the market:112

  • Single-family properties sold in the month: 10

  • Average sales price: $ 801,000

  • Sales price to list price ratio: 91%

  • Average days on the market: 92

  • Sales currently pending: 15

  • Narragansett homes sale absorption rate remains at just over 10 months worth of home inventory and isa buyers market.

 

 

  • Breakdown of the 10 Narragansett home sales in December is as follows: 2 homes sold under $300,000,3 homes sold between $300,000-$400,000, 3 homes sold over $400,000 and 2 homes over $1 million.

 

  • The luxury oceanfront Narragansett home market continues to be of buying interest with 2 homes over $1 million selling this month.  Interesting to see that 20 homes a million dollars and over sold here in both 2012 and 2013.

Staying informed on Narragansett home sales is key to every homeowner who is thinking of selling their home in the next year.  Know thy market, work with a real estate agent who knows this market and develop your marketing plan well.

 

Current home sales in the month of December are down by 60% over the prior month, home inventory growth decreased by 21% and pending homes in contract were up by 15% over the prior month.  So the interest in Narragansett homes has slowed with the wintry weather.  Well we all long for the warmth of spring and summer returning...as well as the buying season.

 

Narragansett RI Home Sale 2013 Year End Update

Home prices for the year to date period through December 2013 compared to December 2012 are down by 3%.  Homes sold were up 2% over the same time period.  

 

Year

Homes Sold

Average Sales Price

List Price/Sale Price

Days on Market

2012

213

$530,000

92%

140

2013

218

$512,000

93%

120

 

Looking to buy a Narragansett home for sale?  You have come to the right place!  Call me and let me help guide you through the southern RI real estate search of homes.  My knowledge of neighborhoods and condo complexes is an asset to your as a seller or a buyer in this and surrounding locales.  Having lived here for many years, I know its nooks and crannies!Narragansett beach in RI

                                             Narragansett Beach in summer

 

The Narragansett homes’ sales market remains steady but not as strong as 2012.  

 

Looking for a RI waterfront Realtor that not only knows her Narragansett homes for sale but markets her clients properties with marketing exposure online?  It sells homes and I do it well.   I would love the opportunity to help you.

 

If you are considering buying a coastal Narragansett RI home or interested in selling your home, call Ginny Lacey Gorman, RI waterfront real estate agent,  today at 401.529.7849 or email me at RiByTheBat@gmail.com.  Let’s discuss your home needs now.  Let my online real estate marketing program work successfully  for you!  Narragansett RI Home Sale 2013 Year End Update

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

Ginny Lacey Gorman is your go toRhode Island waterfront Realtor® for NarragansettRI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me at RiByTheBay@gmail.comto make an appointment to discuss your home sale needs!

 

Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  So feel free to search for RI Homes for Sale.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy Realtor® who sells RI houses in this real estate market call Ginny 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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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

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Rainmaker
2,309,343
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA
Ginny: It is important for consumers to know the market trends...good job of letting Narragansett residents know the latest real estate information for this community.
Jan 20, 2014 08:31 PM #1
Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny.

All good looking numbers for the Narragansett markets.

I hope the success continues for your firm.

Have  a great day in North Kingstown.

Best, Clint McKie

Jan 20, 2014 08:45 PM #2
Rainmaker
5,028,862
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny.... my family loves to go to Narragansett...the next time we go, I'll call you and meet you there...I'll buy the lobsters...

Jan 20, 2014 08:52 PM #3
Rainmaker
1,793,577
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Anita, being up to date on the market is key.

Clint, great place to live and visit!

Barbara, I will hold you to it...I love Narragansett any time of the year!

Jan 20, 2014 09:12 PM #4
Rainmaker
4,101,315
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, sure looks like 2013 was a better year than 2012, and what a beautiful area to live!

Jan 20, 2014 11:09 PM #5
Rainmaker
2,189,919
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Narragansett? I can't even say the word. Yeah, you're right, I'm from California, where we sell real estate all year round until we drop from exhaustion and mightily struggle with pronouncing those old-timey east coast names.

Jan 21, 2014 02:33 AM #6
Ambassador
3,983,135
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Ginny, It is interesting to know that there were so many million dollar homes that sold in Narrangansett. This is a very comprehensive report.

Jan 21, 2014 06:27 AM #7
Rainmaker
2,265,055
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. Nice job with your report. It seems like it is still a challenge to get close to the list price, but it also seems that the number of days on the market is getting better.

Jan 21, 2014 08:41 PM #8
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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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