Narragansett RI Real Estate Market Update May 2013

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

Narragansett RI Real Estate Market Update May 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 May 2013 single family home sales and activity in Narragansett real estate: 

  • Properties active and on the market170
  • Single-family properties closed in May 2013: 22
  • Average sales price: $538,609
  • Sales price to list price ratio: 94%
  • Average days on the market: 161
  • Sales currently pending: 19 
  • Narragansett RI real estate home sales skyrocketed this month However, the Narragansett luxury home market was making waves with 3 waterfront homew sold over a million dollars.  No clearance sale here, just a realization that great Narragansett coastal property is not being made anymore!
  • Breakdown of the 22 Narragansett RI home sales in May is as follows: 9 homes sold under $300,000, 5 homes sold between $300,000-$400,000, 5 homes sold over $400,000 and 3 homes sold over $1 million.  In May, the under $300,000 home was the one that generated the most buying interest.  

           Narragansett RI Real Estate Market Update May 2013

Narragansett RI waterfront real estate

Home sales were up by 83% this month over the prior month and homes sold on average in 5 1/2 months.  The Narragansett RI home sales market had been a strong selling market in 2012 and it is rebounding now  in 2013.  Pending home sales continue to rebound upwards with amount equal to the prior month.  Home sale prices are up 22% over May 2012!

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 May 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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Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

It's great that the market is picking up, especially the higher end.  Narragansett is such a wonderful and peaceful place to live.

Jun 12, 2013 08:33 PM #1
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

Love how your market is picking up and your visuals get the point across! Call Ginny Gorman if you are looking to sell or buy a home in Narragansett, RI!! Suggested

Jun 12, 2013 08:51 PM #2
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Narragansett RI sounds like a wonderful community . Anyone looking to buy a home there should call you. You are the local expert.

Jun 12, 2013 08:53 PM #3
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Beautiful views will speak for themselves and sell a home. Good to hear that the market is doing well.

Jun 12, 2013 09:11 PM #4
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Great news that the Narragansett RI real estate market is doing so well, especially good to see upscale homes changing hands.

Jun 12, 2013 09:33 PM #5
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Thank you for keep us all up to date on the Narragannsett market. Still a lot of product available, hopefully those numbers will start coming down.

Jun 12, 2013 09:44 PM #6
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Ginny Lacey Gorman is an expert realtor serving North Kingstown RI - contact her for all your real estate needs (401) 884-4100 x 268. Keep up the good work!

Jun 13, 2013 12:23 AM #7
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny, good to hear that the Real Estate Market in Narragansett is looking good.  RI has beautiful towns with waterfront properties and Narragansett certainly ranks up there.

Jun 13, 2013 03:54 AM #8
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Ginny, that's great news for the Narragansett RI real estate market!  Hope the trend continues this month too.

Jun 13, 2013 04:30 AM #9
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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