Narragansett Home Sales Report February 2014

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4d98

Narragansett Home Sales Report February 2014

Narragansett RI Real Estate Market

The Narragansett home sales update for February 2014 has felt the cold winds of the winter season and

Narragansett RI Real Estate Market February 2014

Narragansett waterfront neighborhood

this real estate has a decrease in sales.

As this is one of the RI real estate best coastal beach towns to reside in, Narragansett homes for sale offer great and varied property choices.   Let us take a look at what the market is doing this new year  in February home sales…

The Narragansett RI real estate report February 2014 update  is as follows:

  • Properties active and on the market: 116
  • Single-family properties sold in the month: 8 (down by 6 homes from prior month)
  • Average sales price: $ 579,000
  • Median sales  price: $ 335,000
  • Sales price to list price ratio: 91% 
  • Average days on the market: 136 
  • Sales currently pending: 15 

Narragansett homes sale absorption rate remains at over 12  months worth of home inventory.  It is a buyers real estate market here.

  • Breakdown of the 8 Narragansett home sales in February is as follows: 3 homes sold under $300,000, 3 homes sold between $300,000-$400,000, homes sold over $400,000 and 1 home sold for over $1 million.  In February, the homes in the under $300,000 to $400,000 price range generated the most buyers interest.  
  • The luxury oceanfront Narragansett home market continues to be of buying interest with just 1 home over $1 million selling this month.  Interesting to see that 20 homes a million dollars and over sold here in 2012 and 2013.

Staying informed on Narragansett Home Sales in February 2014 is key to every homeowner who is thinking of selling their home soon.  Know thy market, work with a Realtor who really knows this market and plan accordingly.

Current home sales are down by 43% over the prior month, home inventory growth increased by 5% and pending homes in contract were equal to the prior month.  So the interest in Narragansett homes has lessened this winter.  Home sales are equal to February 2013 compared to February 2014 …so much for the winter pull back in sales year over year.

The Narragansett home sales market has seen a 51% increase in homes sales since 2011 which bodes well for 2014.

Looking to buy a Narragansett home for sale?  You have come to the right place!  Let me help guide you through the southern RI real estate maze 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.

Narragansett RI Real Estate Market February 2014
 
 
The Narragansett homes sale market remains steady.  This RI waterfront community in Washington county is known for its beaches, oceanfront Narragansett Pier,  fabulous seafood restaurants and top RI public schools.  This is all a great draw when put together for any Narragansett home buyer.
 
Having lived in Narragansett for many years, I know the area well.

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?  It sells homes 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, contact Ginny Lacey Gorman, waterfront RI real estate agent,  today at 401.529.7849 or email at Ginny@RiHouseHunt.com.  Let’s discuss your home needs now.  Let my on line real estate marketing program work for you!  Narragansett RI Real Estate Market February 2014 to guide you along on your home search.

originally posted at Narragansett RI Real Estate Market February 2014 by Ginny Lacey Gorman of RI coastal real estate.

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

 Ginny Lacey Gorman is your go to Rhode Island waterfront Realtor® for Narragansett RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me atginny@RiHouseHunt.com to make an appointment to discuss your home 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

www.RIHouseHunt.com

 

                                      

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Rainmaker
2,696,679
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Thank goodness the weather impact is temporary.  As the sping and warmer months arrive, pent up demand will correct this.

Mar 12, 2014 09:27 PM #1
Rainmaker
653,068
Bobbie Smith
Stroudsburg, PA
570-242-1891

Ginny, Great update.

Hopefully the market will turn toward the better once Spring arrives in the Northeast.

Not too many signs of spring here. Down in the single digits again for the next two nights. This does not feel like March.

Think Spring! Have A Great Day!

Mar 12, 2014 09:56 PM #2
Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

The harsh winter has taken a toll on many parts of the country and real estate.  I'm sure with Spring you REALTOR Ginny Gorman will be one busy real estate Agent!

Mar 12, 2014 10:10 PM #3
Rainmaker
3,873,806
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

John is right the harsh winter has taken a toll on many parts of the country and their real estate markets! There should be pent up demand once spring arrives and Ginny Gorman will lead the way to reducing that 12 months of inventory!!

Mar 12, 2014 11:09 PM #4
Ambassador
3,890,768
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny Narraganset is an excellent place to live so I would imaging sales will be increasing again over the Spring as the weather gets warmer and the beaches in Narragansett start to look better and better.

Mar 13, 2014 05:34 AM #5
Rainmaker
2,324,715
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: The relief of spring is on the way which should be a great boost for the Narragansett real estate market.

Mar 13, 2014 09:22 AM #6
Rainmaker
331,098
Bruce Swedal
Denver, CO
Denver Real Estate

Love the presentation and all the information mixed in there. Definitely someone buyers or sellers want to call.

Mar 13, 2014 02:27 PM #7
Rainmaker
2,295,289
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. I'm doing a refinance for one of my clients in Narraganset, when we got to the appraisal, the value they expected was a little disappointing. So, that kind of make sense based on your report.

Mar 13, 2014 09:12 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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