Narragansett RI Home Sale Report December 2014

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

                  Narragansett RI Home Sale Report December 2014

 

The Narragansett real estate market report for December 2014 and year end is demonstrating an uptick in home sales.  Home sales this month were up 27% in December over the prior month.  This year has seen an overall 2% increase in Narragansett real estate sold numbers..

 

Overall the Narragansett home sale market for the 2014 year is up 2% through December as compared to same time period in 2013 (5 more homes sold in 2014).  Real estate sold prices decreased by 6% 2014 over 2013.  Yet, this is not a decreasing value RI coastal real estate town...not by any means.  The luxury real estate market of sales dropped significantly in 2014 which impacted the average home sale value.

  

Narragansett RI Real Estate Market December 2014

 

As this is one of the RI coastal real estate waterfront beach towns to reside in, Narragansett offers a variety of property choices.  

Let us take a look at what the market is doing this month in home sales…

The Narragansett home sale market December 2014 update is as follows:

 

  • Properties active and on the market: 106 
  • Single-family properties sold in the month: 14 
  • Average sales price: $ 581,000 
  • Sales price to list price ratio: 91% 
  • Average days on the market: 123  
  • Sales currently pending: 13 

Narragansett homes sale absorption rate decreased to 7 months worth of home inventory.  

So the Narragansett real estate market from January 2014 through December 2014 shows home sales up by 2% over 2013.  Narragansett home prices have decreased by 6% for 2014 over 2013.

 

Most of this price decrease is due to the luxury Narragansett real estate market over $1 million.  

  • Breakdown of the 14 Narragansett home sales in November is as follows: 3 homes sold under $300,000, 2 homes sold between $300,000-$400,000 and homes sold over $400,000 and 2 homes sold over a million dollars this month. 

 

Consider an agent that uses state of the art aerial videos to showcase, market and successfully sell your Narragansett home.  

Looking to buy a Narragansett home for sale?  You have come to the right place!   My knowledge of Narragansett neighborhoods ( Great Island, Calef Avenue, Harbour Island, etc.) and southern RI condo complexes is an asset to you as a seller or a home buyer.

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 me at Ginny@RiHouseHunt.com.  Let’s discuss your home needs now. 

Narragansett RI Home Sale Report December 2014

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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
5,220,761
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny Gorman Narragansett is experiencing a slight buyers' market right now....maybe it's the off season status....

Jan 13, 2015 10:07 PM #1
Rainmaker
575,343
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Morning Ginny: I think that vacation homes are experiencing a slump or a decline in market value.

Narragansett--- it has nice tone to it.

Jan 13, 2015 10:57 PM #2
Rainmaker
4,234,297
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, at least you saw a 2% increase in sales for Narragansett.    Hope this years' sales start off strong, and 2015 is a stellar year.

Jan 13, 2015 11:09 PM #3
Rainmaker
1,811,723
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Barbara, many of the higher end houses are off the market til March...

Maria....fewer to buy means less to sell...

Joan,  still it is good for our market compared to other towns.

Jan 14, 2015 01:12 AM #4
Rainmaker
2,329,040
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: No one does a better job of showcasing RI communities and how the real estate market is doing in these areas. Consumers are fortunate to have you in the Narragansett RI real estate market!

Jan 14, 2015 06:47 AM #5
Ambassador
3,912,291
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny it is great to read that home sales in 2014 in Narragansett were better than home sales in 2013.  Now we need home sales in 2015 to be better than 2014.

Jan 14, 2015 08:41 AM #6
Rainmaker
2,304,359
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. This market is improving ever so slightly, but improving. Hope this trend continues.

Jan 14, 2015 07:23 PM #7
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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