Narragansett RI Real Estate Market Update | January 2013

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

Narragansett RI Real Estate Market Update | January 2013

Narragansett RI Real Estate Market Update | January 2013.  The Narragansett RI real estate market data for this month is provided by Ginny Lacey Gorman of waterfront RI real estate.

Narragansett RI waterfront real estate

It is all about the ocean


The following is the January 2013 Narragansett real estate home information:

  • Properties active and on the market110
  • Single-family properties closed in January 2013: 11
  • Average sales price: $ 449,772
  • Sales price to list price ratio: 92%
  • Average days on the market: 231
  • Sales currently pending: 13
  • Narragansett home absorption rate has crept up again to a home buyers market.

  • Breakdown of the 11 Narragansett RI home sales in January is as follows: 2 homes sold under $300,000, 3 homes sold between $300,000-$400,000 and 6 homes sold over $400,000.  In January, the over $400,000 home was the one that generated the most buying interest.  

Narragansett RI Real Estate | January 2013

narragansett real estate

Waterview Narragansett home

Home sales were up 10% in January over the prior month and home inventory levels dropped by 2 homes. Yet, the Narragansett RI home sales market has been a strong selling market in 2012.  There is no way to predict how home sales will go this year.  One month into the new year does not give a reliable forecast of home sales to come.  The past sales numbers support a continued strenthening of this market.

Looking to buy a Narragansett home for sale?  You’ve come to the right place!  

Narragansett is a waterfront Washington county community that is known for its beaches, oceanfront Narragansett Pier homes,  great restaurants and high ranking schools.  

Looking for a waterfront RI realtor that not only knows her Narragansett RI real estate market but markets her clients homes with the utmost exposure on line?  I would love the opportunity to help you.  Call me today, Ginny Lacey Gorman, waterfront RI real estate agent,  at 401.529.7849 or email me at  Let’s discuss your home needs now.  Let my on line real estate sales program work for you!  Narragansett RI Real Estate | January 2013. 
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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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Show All Comments
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

What's cooking and hows the temperature of the RI real estate market done so quick and easy with the show and tell blog post today! (High five sound) Thanks!

Feb 14, 2013 07:36 PM #1
David Saks
(retired) - Memphis, TN

Nice to see how things are shaping up in your part of the nation. Thanks for sharing.

Feb 14, 2013 08:35 PM #2
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

The selling time is still too long, I'm assuming that changes as you get into warmer weather?

I am presently doing a refinance of a second home in Narragansett, the appraisal came in higher than was expected, so the comps for resales are getting stronger, from what I can see.

Feb 14, 2013 09:02 PM #3
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on the local market. Thanks for sharing this very useful data about the housing market!

Feb 14, 2013 09:28 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, with Narragansett being a home buyers market, you can call Ginny today and she will find you that DREAM HOME.   With this inventory there are some choices.

Feb 14, 2013 09:40 PM #5
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Ginny Gorman your knowledge of the Narragansett RI Real Estate market beams.  You are the go to Realtor for both buyers and sellers!

Feb 14, 2013 11:56 PM #6
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny it does not surprise me to hear that Narragansett is a strong market right now, because Narragansett is a great town to live in.

Feb 15, 2013 04:37 AM #7
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

I actually kow how to pronounce Narragansett--being that I spent a few years on your coast. My son asked me the other day is Quahog is a real place (you know... of Family Guy fame).

Feb 15, 2013 07:17 AM #8
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

You're right that there's no telling how home sales will go this year. Wishing you all the best in Narragansett RI Real Estate Market. Continue being a top notch North Kingstown short sale agent.

Feb 15, 2013 07:53 AM #9
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate

Hi Ginny, thanks for sharing how well Narragansett RI Real Estate Market did last January 2013. I hope all goes well throughout the rest of the year. Best of luck and stay being the number one North Kingstown short sale agent of choice.

Feb 15, 2013 08:19 AM #10
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Wow, you are one of the few communities around the country still in a buyers' market.  I wish we could balance things out.  We have the buyers......

Feb 15, 2013 11:00 AM #11
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY

Some healthy sales numbers at Narragansette Rhode Island. Get some home sold Ginny!

Feb 15, 2013 12:20 PM #12
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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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