Market Update Report - Narragansett Rhode Island Real Estate

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

Market Update Report -Narragansett Rhode Island Real Estate

Narragansett Rhode Island Real Estate - Market Report May 2012Nothing Like Narragansett Pier!


20 Narragansett homes have been sold in May 2012, as follows:

waterfront Narragansett homes over $1 million

6 homes sold over $400,000

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

   8 homes sold for under $300,000

Narragansett Rhode Island Real Estate Home Sale Information Facts:

Average Home Sale Price in May 2012 was $441,015,  homes sold on average for 93% of list price  and were on the real estate market for 154 days on average.

Home sales are up 18% over last year same time (May 2012 compared to May 2011) while pending home sales in Narragansett are up 4%…this continues to be good news for sellers.

There were 179 Narragansett homes for sale in May 2012 which was a 5% increase over the prior month (9 more homes for sale).    The choices of homes in all price ranges are here for interested ready, willing and able buyers.  In the $1 million category of homes,  there are 37 Narragansett homes for sale right now.   The number of homes sold in May was 3 less than the number sold in April…. and yes, luxury waterfront Narragansett home sales in this Narragansett community are selling again.

One Narragansett short sale sold in May 2012.   

Narragansett’s May pending home sales: 26  homes.  Pending sales are down by 13% over the prior month.  It still remains a buyers market.

If you are financially able it is time to stop renting a home and not build any home equity when there are deals in Narragansett and other Rhode Island real estate communities to BUY into?

With VA , Affordable housing through Narragansett Housing Authority and USDA loans, buying is possible right now.  Call me so I may  put you in touch with a mortgage loan officer who can work with you financially.  Home ownership is a good feeling when done within your means.

Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge will guide you well  in this market.  Market Update Report - Narragansett Rhode Island Real Estate.

View Narragansett Beach -Narragansett, RI 02882 in a larger map


 Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Narragansett 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

As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if 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 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 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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Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

Well presented market report for Narragansett Rhode Island! You are right..home ownership is a good feeling when done within your means!

Jun 11, 2012 08:22 PM #1
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, Nice market report. I was surprised to read that there are homes under $300,000 in Rhode Island.

Jun 11, 2012 08:32 PM #2
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Your RI market reports are so concise, giving your local consumers the real estate information they need to start their decisionmaking process.

Jun 11, 2012 08:44 PM #3
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Ginny - this is an excellent market report and even though it appears demand and supply is coming back to some extent, your reminder it is still a "buyers" market is a big clue for those on the fence to call you!

Jun 11, 2012 09:26 PM #4
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny.... wow...that's a great sign of good things to come....Narragansett had a great month in May...hope much of it was yours.

Jun 11, 2012 09:38 PM #5
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Sure looks like a buyers market in your area. With the avg price at 93% of asking the buyers are happy.

But the sellers would like to see this number around the high 90's.

Have a good week ahead in Rhode Island.

Best, Clint McKie  

Jun 11, 2012 09:41 PM #6
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Dorie, I so stress this with my buyers!

Gita, there are many side streets with smaller homes that are attractive buys..

EM, you are right it is time to jump off the fence.

Barbara, one of my favorite places to show in is this town..

Clint, so true but so many of the coastal sellers have big dreams!

Jun 11, 2012 10:06 PM #7
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 information and shows you know your market.   Homeownership does give you a solid positive feeling!

Jun 11, 2012 10:51 PM #8
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Are you looking for a Realtor® in the Narragansett Rhode Island are?  If so contact Realtor® Ginny Gorman and put her  Real Estate knowledge to work for you today.

Jun 11, 2012 11:05 PM #9
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

Almost a home sold a day Ginny! Nice to see the market is moving! Excellent market reporting!

Jun 11, 2012 11:17 PM #10
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude


Sounds like your market is doing well and improving in a number of ways. Hope that continues through the summer and the rest of the year. Good to see some increased inventory - it's not the case in many areas I work, at least at the moment.


Jun 12, 2012 12:10 AM #11
Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Home buyers and sellers in Narragansett Rhode Island need to contact Ginny Gorman Narragansett Market Expert for the most accurate, concise market reports as well as a superior knowledge of the area. Consult with Ginny to get the BEST market advice.

Jun 12, 2012 01:53 AM #12
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Ginny - you know the Narragansett Rhode Island market better than any Realtor and anyone looking to buy in your beautiful area should pick up the phone and call Ginny Gorman, Realtor extraordinaire! To your point - why rent when you can own the American dream and there's no better time then now!

Jun 12, 2012 08:18 AM #13
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny 18% is a very nice increase in sales.  Narragansett was one of my favorite towns when I was growing up.

Jun 12, 2012 09:59 AM #14
Bas Panch
SCV Home Buyer - Valencia, CA

Hi Ginny,

Thanks for sharing this great report. Keep up the good work and I wish you more success as a North Kingstown short sale agent!


Jun 12, 2012 11:40 AM #15
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Ginny: That waterfront photo makes me feel right at home.

Jun 12, 2012 03:54 PM #16
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello Ginny,I always enjoy the photos your posting every market update you make.It's really beautiful!Anyway,Thanks for a great presentation of Market Update Report.May you have more successful transaction and continue being the best North Kingstown Short Sale Agent.Have a great day!

Jun 13, 2012 04:08 AM #17
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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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