What is Happening in the Narragansett RI Home Market January 2015?

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

What is Happening in the Narragansett RI Home Market January 2015?

Narragansett real estate coastal view


Walk along the ocean in Narragansett RI and you understand the draw and why so many people want a home or condo here!  Stunning beaches, great oceanfront for swimming, surfing, fishing and boating and ecletic restaurants that tantalize the taste buds.  So what is happening with the Narragansett RI real estate market the first month of the new year, January 2015?

Home sales have slowed quite a bit considering the harsh weather that is being experienced here.  A drop in Narragansett sales from the prior month has occurred but not that far off from past January's Narragansett home sales.  It is New England and the weather can be biting in January and February.

So here is the Narragansett real estate market January 2015 facts:

Properties active and on the market: 108 

  • Single-family properties sold in the month: 8 
  • Average sales price: $ 579,000 
  • Median sales  price: $ 310,000 
  • Sales price to list price ratio: 96%
  • Average days on the market: 115  
  • Sales currently pending: 9 


Last month 8 homes sold in various price ranges with one being a oceanfront Narragansett home over $1 million.  Now is the time to find the neighborhoods you want to live in and determine whether or not they are in your price range.


Search for the most current Narragansett homes for sale here.


Be realistic and sensible when home buying here.  Most importantly work with a real estate agent that knows the area well and can vet out your real estate needs and homes to buy.  You need to know about flood zones and Critical Resource Areas when home buying and that takes the right RI coastal real estate knowledge.


Reach out to me today at 401.529.7849 or email me at ginny@RiHouseHunt.com and let my knowledge, expertise and negotiation knowhow work right for you here in Narragansett or elsewhere.

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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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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ginny,  Lots sold with the snow and weather you had.  Going out this morning to go show condos in the white stuff here.

Feb 16, 2015 11:16 PM #1
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Spring will be here soon and I bet these real estate numbers really skyrocket then. Good report, Ginny.

Feb 17, 2015 05:50 AM #2
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny the weather has been a challenge, but like you said this is New England and we can't let the weather keep us from selling houses.

Feb 17, 2015 08:26 AM #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, I bet your weather is affecting the real estate market all through the East Coast, and now the South too!   Great report! 

Feb 17, 2015 10:16 PM #4
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

This is a very informative monthly market report for Narragansett RI! I'm sure you'll be able to get right back on track as soon as this difficult weather is over. 

Feb 23, 2015 03:21 PM #5
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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