Narragansett RI 02882 Real Estate Market Report - August 2011

Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

Scarborough Beach - Narragansett RI 02882

Narragansett RI 02882 Real Estate Report - August 2011.

         12 Narragansett homes have been sold in August 2011:

                   1 home sold for over $1million (waterfront Narragansett home)

                    4 homes sold over $400,000
                    5 homes sold for between $300,000-$400,000
                    2 homes sold for under $300,000   

 There were 243 Narragansett homes for sale in August 2011 which was a 5 % increase over July (12 additional homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the higher priced homes over $1 million, the Narragansett home inventory is at 39.

If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home.  My web site will give you more information into all the southern RI towns that may be of interest to you also as you search for RI real estate for sale. 

Narragansett continues to have a good supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling.  Honestly, the sales were in the under $300,000- $400,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD.  Sales decreased by 4 homes sold over the prior month which was surprising in this waterfront and beach community.

Mortgage rates remain at low rates.  It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range.

August's pending home sales were equal to July 2011 - 21 homes in pending status in Narragansett RI.  It is still a buyers market with the market absorption rate at 11 months to sell just the current homes on the market.  Don't forget to visit Narragansett Beach in Narragansett Pier for a wonderful view of one of our magnificent beaches!

Out of state and in state buyers continue to search for Narragansett oceanfront and coastal homes for sale.   Fall is around the corner and is a great time to see the beauty of this waterfront Narragansett community.  Narragansett RI 02882
Real Estate Market Report - August 2011.


Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well.  Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny is you are having trouble paying your mortgage.  When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call 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 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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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny.....well written market report with good information for those interested in the Narragansett RI're the "go to" real estate gal.

Sep 05, 2011 11:10 PM #1
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Oh to live on the ocean.  How wonderful.  Anyone in the Narragansett RI area looking to buy or sell should be giving Ginny a call.  She is the market expert.

Sep 05, 2011 11:52 PM #2
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, great market report, and so nice to see not only a million dollar home sold, but an increase over July's sales!

Sep 06, 2011 01:23 AM #3
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

I agree with Barbara on all fronts...good info from the go to Realtor in Narragansett RI!

Sep 06, 2011 01:35 AM #4
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ginny, a great market report for Narragansett home buyers to get the temperature of the market

Sep 06, 2011 02:05 AM #5
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 thanks...considering my next post it is amazing it is intelligible since i haven't slept well in days!

Debbie, if we could pull you out of the flooring and get you up here it would be worth the trip..

Joan, lots of inventory right now but the pendings are staying steady..thanks

Anita, love Narragansett...the beaches, the pier and all around

Ed, i do believe it will help sellers deal with the pricing reality out there...

Sep 06, 2011 03:16 AM #6
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Great market report Ginny! Every homebuyer in RI should consult to your expertise as realtor and as one of the top North Kingstown Short Sale Agents! Thanks for sharing this.

Sep 08, 2011 09:07 PM #7
Bob Hertzog
Summit Home Consultants - Phoenix, AZ
Designated Broker

Ginny, this is an excellent market report for RI home buyers! With your knowledge and information in RI and as one of North Kingstown Short Sale Agents, they will surely find your expert analysis useful in their homebuying. Thanks for sharing this. 

Sep 08, 2011 09:19 PM #8
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Ginny - A very nice warm market report.  By warm, i mean friendly and welcoming.  You are definitely the expert of the area.

Sep 12, 2011 04:13 PM #9
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Ginny Gorman

Homes for Sale in Southern RI and beyond
Need help Selling or Buying RI real estate? Call me

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