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Ginny Gorman's Blog

By Ginny Lacey Gorman | Agent in North Kingstown, RI

Narragansett RI 02882 Real Estate Market Report

Galilee beach- Narragansett RI

Narragansett RI 02882 Real Estate Market Report.

         9 Narragansett homes have been sold in October 2011, as follows:

                    2 homes sold over $400,000

                    2 homes sold for between $300,000-$400,000
                    5 homes sold for under $300,000    

 There were 222 Narragansett homes for sale in October 2011 which was a 3 % decrease over September (8 less homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million Narragansett homes for sale price range, there are 35 Narragansett homes for sale right now.

If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home.  My web site will give you more information into all the southern RI towns that may be of interest to you also as you search for RI real estate for sale.  The number of homes sold in October was equal to the number sold in the prior month....steady sales in this waterfront Narragansett community- it is the time to buy waterfront!

Narragansett continues to have a large supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling slowly.  Honestly, the sales were in the under $300,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD. 

Mortgage rates remain low.  It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range and buy a home they can afford.  Narragansett has one of the lowest real estate tax rates in the South County towns which is like cash in the bank for buyers. 

Narragansett RI short sales continue to be a small portion of the current home inventory ( 1 home at present).  If you are in financial difficulty with your home, call the North Kingstown short sale agents team for a confidential appointment- we can help you out.

September's pending home sales were 4 homes more compared to September 2011 - 26  homes remain in pending status in Narragansett RI.  It is still a buyers market with the market absorption rate at many months to sell just the current homes on the market.  This remains a disadvantage for sellers. 

Out of state and in state buyers continue to search for

 oceanfront and coastal homes Narragansett for sale.   Fall is officially here and it is a great time to see the beauty of this waterfront Narragansettcommunity.  Narragansett RI 02882 Real Estate Market Report.


Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Narragansett RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well.  

Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny is you are having trouble paying your mortgage.  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.

This blog © and its contents is original to Ginny Lacey Gorman

Ginny L. Gorman a purveyor of Fine RI 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, Westerly RI and beyond ...  I sell dreams!  because there is no place like home...the RI Realtor in the Sparkly Red Shoes.

Looking for a terrific Rhode Island Realtor?  Let me GOOGLE one for you!


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cell: 401.529.7849   office: 401.884.4100 ext.268   Ginny Lacey Gorman, Realtor


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