Narragansett RI Real Estate Market Update April 2013

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

Narragansett RI Real Estate Market Update April 2013.  The Narragansett RI real estate market update for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.

Narragansett waterfront real estate 

The following is the April 2013 single family home sales and activity in Narragansett real estate: 

  • Properties active and on the market145
  • Single-family properties closed in April 2013: 12
  • Average sales price: $ 881,091
  • Sales price to list price ratio: 92%
  • Average days on the market: 271
  • Sales currently pending: 19 
  • Narragansett RI real estate home sales stumbled this month Data still indicates that this market is a buyers market.  However, the Narragansett luxury home market was making waves with 4 waterfront home sales over a million dollars.  No clearance sale here, just a realization that great coastal property is not being made anymore!
  • Breakdown of the 12 Narragansett RI home sales in April is as follows: 6 homes sold under $300,000, 1 home sold between $300,000-$400,000, 1 home sold over $400,000 and 4 homes sold over $1 million.  In April, the uner $300,000 home was the one that generated the most buying interest.  

           Narragansett RI Real Estate Market Update April 2013

Narragansett RI waterfront real estate

Home sales were down by 33% this month and homes sold on average in 9 months.  The Narragansett RI home sales market had been a strong selling market in 2012 and it is up and down from month to month in 2013.  Yet pending home sales continue to rebound upwards.  

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 and water view homes,  ecletic restaurants and high scholastic ranking schools.  

Looking for a coastal RI real estate agent that not only knows her Narragansett RI real estate market and 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 wants and needs now.  Let my on line real estate sales program work for you!  Narragansett RI Real Estate Market Update April 2013. 
  Ginny Lacey Gorman is a Rhode Island waterfront Real Estate Agent who works and knows the Narragansett RI geographic area of homes for sale, schools, happenings and important tidbits of information well.
 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 or email me at
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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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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

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

May 12, 2013 08:59 PM #1
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: No one does a better job of providing relevant and current Rhode Island real estate information that consumers can make solid decisions from.  Another excellent report!

May 12, 2013 10:11 PM #2
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Ginny, somehow I don't think an $881,091 offer is going to capture the one pictured here.  That's a great looking home with a style that screams Narragansett.

May 12, 2013 11:56 PM #3
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, your market reports show what the market is doing, and sure looks like a buyer has some wonderful choices.

May 13, 2013 12:59 AM #4
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny a 33% decrease is a big decrease.  Narragansett is a beautiful town and I would have thought that this would be the time of the year that sales would be going up there and not down.  Strange market.

May 13, 2013 01:53 AM #5
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

The only thing this report tells me, is the RI market as a whole is taking longer to come back, but it will. I did two preapprovals last week for clients that are home shopping in RI, normally one per month.

May 13, 2013 09:34 AM #6
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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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