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Ginny Gorman's Blog

By Ginny Lacey Gorman | Agent in North Kingstown, RI

Narragansett RI 02882 Real Estate Market Report – March 2012

Narragansett RI 02882 Real Estate Market Report – March 2012.

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Narragansett real estate shows signs of maintaining sales volume as an increased interest in waterfront homes is shown by sold and pending sales which continue to happen in Narragansett real estate.

15 Narragansett homes have been sold in March 2012, as follows:

 

4 homes sold over $400,000 ( 2 homes were under $1 million and were waterfront homes)

7 homes sold for between $300,000-$400,000
4 homes sold for under $300,000

Narragansett Sale Information Facts:

Average Home Sale Price in March 2012 was $380,264,  homes sold on average for 95% of list price  and were on the real estate market for 146 days on average.

Median Home Sale Price in March 2012 was $328,000, median price of homes sold was 95% of list price and the median days on market were 123 days.

Home sales are up 200% over last year same time and pending home sales in Narragansett are up 55%…this is very encouraging news for sellers.

Buyers are definitely out there buying this year!

There were 179 Narragansett homes for sale in March 2012 which was a 1 % increase over the prior month(2 more

 homes for sale).    Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million category,  there are 34 Narragansett homes for sale right now.   The number of homes sold in March was equal to the number sold in February 2012…. steady sales in this waterfront Narragansett community.

One Narragansett short sale sold in March.

   RI short sales continue to grow in the various towns so working with the North Kingstown short sale agents can decidedly make the difference in a successful outcome with this process.  Call me at 401.529.7849 if you want to discuss your housing’s financial options in a confidential manner today.

Narragansett’s March pending home sales: 30  homes.  Pending sales are up by 7 sales over the prior month which is good.  It is still a buyers market.  Spring is here and arriving with buyers looking for housing…so spruce and stage the home…Interested in the RI real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge will guide you in this real estate market successfully. Narragansett RI 02882 Real Estate Market Report – March 2012.

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Ginny Lacey Gorman is your go to North Kingstown Realtor® for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. 

As a North Kingstown short sale agent, call me if you are having trouble paying your mortgage and need help…a short sale option may be for you.   Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard.  So feel free to search for RI Homes for Sale.  When you are in need of a good professional for your buying and selling 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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