Real Estate Market Report - Narragansett RI

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

Real Estate Market Report – Narragansett RI.

Statistics for the February 2012 Narragansett RI Real Estate Market

Scarborough Beach at its best


The February 2012 local real estate shows signs of rising slowly as an increased interest in homes is demonstrated by sales which continue to happen in Narragansett real estate.

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

1 waterfront home sold for just less than $1 million

2 homes sold over $400,000

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

Take note:

Average Home Sale Price in February 2012 was $387,566,  homes sold on average for 92% of list price and homes sold were on the real estate market for 119 days on average.

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 177 Narragansett homes for sale in February 2012 which was a 5 % increase over the prior month(8 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 39 Narragansett homes for sale right now.   The number of homes sold in February was 15% more than the number sold in January…. 

One Narragansett short sale home sold in February. There are 2 Narragansett short sale homes are on the market right now.   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 February pending home sales: 23  homes.  Pending sales are up by one sale over the prior month which is good.  It is still a buyers market but is moving towards a ‘neutral’ market which is better for sellers.  Spring is here and arriving with buyers looking for housing…so spruce up and primp the home…Interested in the RI real estate market and need guidance, call me at 401.529.7849 my local real estate knowledge will guide you in this real estate market. Real Estate MarketNarragansett RI . 

2011 Year End Narragansett Real Estate Market Information: Narragansett RI Real Estate Market Report for 2011.

View Narragansett Pier- Narragansett RI 02882 in a larger map


Ginny Lacey Gorman is your go to North Kingstown Realtor® for real estate in Narragansett RI 02882 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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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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Liz and Bill Spear
RE/MAX Elite 513.520.5305 - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Ginny, Looks like lots of great news in this market report, but with a 92% sales price sounds like the sellers still need to adjust pricing to be more reflective of actual market sales.  Just human nature to try to get the absolute most for their homes.

Mar 06, 2012 07:21 PM #1
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Well in Narragansett RI there is only one person to call when you are looking to buy or sell...Ginny Gorman with the sparkly red shoes who knows "there's no place like home."

Mar 06, 2012 07:51 PM #2
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Good job keeping the sale prices with 10% of the asking. Now we need to get it within 5% of the asking. The buyers are looking for a "deal". Looks like you are the  go to Realtor for just that.

Best of luck with more sale and a continued success.

Best, Clint Mckie 

Mar 06, 2012 08:07 PM #3
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Exactly the type of information anyone looking to move to or within Narragansett RI should be reviewing to see what the real estate market is doing.

Mar 06, 2012 09:55 PM #4
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, seeing a home selling around $1 million is good news, as the economy is picking up, hopefully!     The sales look healthy for the month of February!

Mar 06, 2012 11:39 PM #5
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

Ginny, your Narragansett market report shows good news for both buyers and sellers - the spring seems like the time to move!

Mar 07, 2012 03:21 AM #6
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Hi Ginny, that's wonderful news that your sales are up 200% over last year!  Very thorough market report on the Naragansett RI real estate market.

Mar 07, 2012 03:39 AM #7
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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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