Narragansett Real Estate Market Update

By
Real Estate Agent with Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate
http://actvra.in/G95

Narragansett Real Estate Market Update.  As one sets out to see the current Narragansett Real Estate Market Update, find out the facts on home sales in July 2012.  

13 Narragansett homes were sold in July, as follows:

1 waterfront Narragansett home sold for over $1 million 

8 homes sold over $400,000

  4 homes sold for under $300,000

Narragansett RI real estate - Point Judith Lighthouse

Narragansett Real Estate Market Update

Narragansett Rhode Island Real Estate Home Sale Information Facts is as follows for July:


Median Home Sale Price in July 2012 was $460,000, median price of homes sold was 95% of the listing price and the average time on the market is 76 days until sold.  However, home sales decreased 46% in July over June.

Narragansett home sales decreased 19% over last year same time (July 2012 compared to July 2011).

Call to Action for Narragansett Homes

There were 187 Narragansett homes for sale in July 2012 which was a 2% decrease in home inventory over the prior month (4 less homes).

In the $1 million luxury Narragansett homes for sale category,  there are 40 homes for sale now.  Coastal and waterfront Narragansett homes for sale attract buyers from around the country....the beauty of the Narragansett waterfront and lifestyle here is desirable.

 Narragansett  Real Estate Market Update

The number of homes sold in July was 4 less than the number sold in June…. and yes, waterfront luxury Narragansett homes are selling slowly.

Narragansett short sale sold in July.   Short sales have been few and far between in Narragansett over the past year.

Narragansetts pending home sales in July: 26  homes.  Pending sales are up by 44% over June 2012.  It remains a buyers market in Narragansett .

Interested in the Narragansett real estate market and need guidance, call me at 401.529.7849 or email me at RiByTheBay@gmail.com for local Narragansett real estate knowledge and guidance.  I have lived, worked and played in this waterfront town.  Narragansett Real Estate Market Update.

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 Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and  businesses well.  Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are her 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 marketcall Ginny today 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 Realtor in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Realtor?  Let me GOOGLE one for you!

            

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Show All Comments
Rainmaker
2,016,802
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"New Franklin MA Homes"

Good morning, Ginny..... Narragansett Beach is the favorite beach of my teenage grandchildren.....they love it there... I can see myself buying a property there in the future......they don't like the cape...and the only agent who I would trust to represent me is Ginny Gorman.

Aug 10, 2012 03:29 AM #1
Rainmaker
1,910,749
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, I agree with Barbara, If I were to buy a home in Rhode Island I would call you to be my agent.

Aug 10, 2012 03:37 AM #2
Rainmaker
1,446,463
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, all your photos of Narragansett are just beauitful and would be a perfect place for a buyer to call HOME.   Call Ginny Gorman for your luxury Narrangasett home!

Aug 10, 2012 05:48 AM #3
Rainmaker
275,471
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Ginny.    Good news that the mid range market seems to be very active.    Narragansett RI has to be a wonderful place to live year 'round.  

Aug 10, 2012 06:22 AM #4
Ambassador
872,300
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Contact area Realtor® Ginny Gorman for all your Narragansett Rhode Island Real Estate home sale information facts and needs.  Put Ginny's real estate knowledge to work for you today!

Aug 10, 2012 06:41 AM #5
Rainmaker
1,086,127
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Barbara, waiting anxiously for you to buy in Narragansett!

Gita, thank you and I would love to help you or your clients here.

Joan, it is that luxury Narragansett home market that keeps the real estate agents in business too.

Carol Ann, it is interesting on what is selling right now...

John, i need to be Ginny on the spot to compete with the Q - man!

Aug 10, 2012 08:27 AM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Ginny I have notice a decrease in sales this year from last year in the towns around you lately.  Why do you think is the reason for sales being down, especially since last year was not a great year.

Aug 10, 2012 05:29 PM #7
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1,898,734
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale

Hello Ginny,great market report here.I'm glad you guys are doing great! Narragansett is definitely a great place to live in.Good luck on your business and continue being a top notch North Kingstown Short Sale Agent. 

Aug 11, 2012 06:23 AM #8
Rainer
71,505
Bas Panch
SCV Home Buyer - Valencia, CA

Hi Ginny,

Thanks for sharing this great market update. Keep up the good work as a top North Kingstown short sale agent!

Aug 13, 2012 07:19 PM #9
Rainmaker
604,636
Petra Norris
CDV TransAtlantic, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Ginny,I love how well you explained the Market Update on your area and I'm loving the photo here.Best of luck and continue being an amazing North Kingstown Short Sale Agent.

 

Aug 22, 2012 06:00 AM #10
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Rainmaker
1,086,127

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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