Narragansett RI Real Estate Market Report | November 2012

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

Narragansett RI Real Estate Market Report | November 2012

Narragansett waterfront RI real estate

It is about Narragansett beach

Narragansett RI Home Sales | RI Real Estate | November 2012.  

Real estate market date for Narragansett, RI provided by Ginny Lacey Gorman of waterfront RI real estate:

Narragansett real estate homes for sale

Click the picture to search for homes for sale

  • Properties active and on the market: 137
  • Single-family properties closed in November 2012: 18
  • Average sales price: $ 596,638
  • Sales price to list price ratio: 94%
  • Average days on the market: 172
  • Sales currently pending: 17
  • Narragansett home absorption rate8 months of home inventory.  Based on this most recent home sales data, the Narragansett real estate market is a buyers market.

    Breakdown of the 18 Narragansett RI home sales in November 2012 is as follows for the month: 6 homes sold under $300,000, 5 homes sold between $300,000-$400,000 and 5 homes sold over $400,000 and 2 homes sold for over $1 million.  In November the under $400,000 home market was the one that generated the most buying interest.

waterfront Narragansett RI homes

Sand Hill Cove breakwater

The Narragansett RI home sales market has been a strong selling market this year with number of home sales up 63% and home prices up 67% over 2011!

The buyers have been out in 2012 in full purchase mode to buy ocean front and near coastal RI real estate.

Narragansett RI Home Sales | RI Real Estate | November 2012

The Narragansett community is a waterfront South County community that is known for its beaches, ocean front properties,  culinary delightful restaurants and outstanding schools.  This is all a great draw when put together for any Narragansett home buyer.

Looking for a waterfront RI realtor that not only knows her South County real estate market but markets her clients homes with maximum exposure on line with successful waterfront RI real estate sales?  I would love the opportunity to help you.

If you would like to consider buying a coastal Narragansett RI home or interested in selling your home, contact Ginny Lacey Gorman, waterfront RI real estate agent,  today at 401.529.7849 or email me  Let’s discuss your home needs now.  Let my on line real estate sales and marketing program work for you!  Narragansett RI Home Sales | RI Real Estate | November 2012. 

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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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Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

Great read! and a Great place to live. Wishing you the best for 2013

Dec 19, 2012 07:45 PM #1
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny..... wouldn't everyone love to live on or near that Narragansett RI shoreline??

Dec 19, 2012 08:14 PM #2
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Ginny, thanks for sharing the market report and the picture of the beach. I love it.
Dec 19, 2012 08:24 PM #3
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Those are some serious numbers. Let's make 2013 the best year ever and let the prices continue moving in the right direction.

Dec 19, 2012 08:29 PM #4
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

This is a fantastic market report.  Looks like things are were much better in 2012 - Hope it continues into 2013. 

Dec 19, 2012 08:32 PM #5
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Awesome market update Ginny. Love the looks of those shorlines, it gives me the vacation chill. Keep it up as a top North Kingstown short sale agent.

Dec 19, 2012 08:36 PM #6
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Looking for a very knowledgeable Realtor® in the Narragansett RI area to assist you with your real estate needs?  Be wise and contact area Agent Ginny L. Gorman.  Ginny is prepared to help you make meet your RI real estate needs become a reality.

Dec 19, 2012 08:54 PM #7
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Great market report Ginny. Very informative and easy to understand. We'll be looking forward to see how Narragansett RI Real Estate improves by the end of December. Continue being a top notch North Kingstown short sale agent Ginny.

Dec 19, 2012 09:39 PM #8
Dwight Puntigan
DRP Realty, LLC - Saint Peters, MO
Dwight Puntigan

I like the way you did this.  I wish neighborhood pride was more contagious.

Please view and then like my Facebook page.  I was just at your page.

Dec 19, 2012 10:18 PM #9
Bas Panch
SCV Home Buyer - Valencia, CA

Awesome market update Ginny. We're excited to see how Narragansett RI Home finishes the year. Stay the best  North Kingstown short sale agent.

Dec 19, 2012 10:41 PM #10
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author


Take the train, car, bus, or BOAT in this case and get down to this area and buyers....bring your check book. We meet at Ginny Gorman's house and then....?

Dec 19, 2012 10:50 PM #11
Debbie Harr
Homes that Click Realtors - Columbus, OH
Realtor Homes That Click, Worthington Ohio Homes

Glad to hear Narragansett RI Real Estate is doing a great job last November. I'm sure December will even be better. Keep it up as top North Kingstown short sale agent.

Dec 19, 2012 11:00 PM #12
Debra Parker
Debra Parker Real Estate, Inc. - Stuart, FL
Realtor - Stuart Florida Homes for Sale

Ginny, the numbers look great in Narragansett RI Real Estate. It's really worth reading your market updates. Continue to be the finest North Kingstown short sale agent.

Dec 19, 2012 11:31 PM #13
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 for Narragansett, and hope the sales continue to be strong through 2013.   Love your photo, never saw all those people on the beach.

Dec 19, 2012 11:47 PM #14
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Ginny, I love this format. It looks vaguely familiar. Wow, 8 months of inventory and average days on the market of 172. It looks like buyers should be flocking to Narragansett RI to take advantage of the prices and low interest rates. Of course, we all know who they should contact...Ginny Gorman the best Narragansett RI real estate agent around.

Dec 20, 2012 02:09 AM #15
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

What a nice part of the country. Best wishes for 2013. Home prices are up in Eastvale too but Narragansett RI realestate has gone up alot!

Dec 20, 2012 03:06 AM #16
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Those year over year percentages approach staggering Ginny.  That is fabulous to see!

Dec 20, 2012 04:19 AM #17
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny Narragansett is a great place to live and visit, but those huge increase in the Sales Percentage and Price Percentage is a very pleasant surprise to me.

Dec 20, 2012 05:34 AM #18
Johnny Davis
Florida Realty Investments - Clermont, FL
Where SOLD Happens!

Excellent market report and great pictures!!

Dec 20, 2012 10:49 AM #19
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: No one knows the Narragansett RI real estate market better.  This is a ver good synopsis of the market in this community.

Dec 20, 2012 11:56 AM #20
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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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