Home > Blogs > Rhode Island > Washington County > Narragansett > Market Update Report - Narragansett Rhode Island Real Estate

Ginny Gorman's Blog

By Ginny Lacey Gorman | Agent in North Kingstown, RI

Market Update Report - Narragansett Rhode Island Real Estate

Market Update Report -Narragansett Rhode Island Real Estate. 

Narragansett Rhode Island Real Estate - Market Report May 2012Nothing Like Narragansett Pier!


20 Narragansett homes have been sold in May 2012, as follows:

2 waterfront Narragansett homes over $1 million

6 homes sold over $400,000

  4 homes sold for between $300,000-$400,000 

   8 homes sold for under $300,000

Narragansett Rhode Island Real Estate Home Sale Information Facts:

Average Home Sale Price in May 2012 was $441,015,  homes sold on average for 93% of list price  and were on the real estate market for 154 days on average.

Home sales are up 18% over last year same time (May 2012 compared to May 2011) while pending home sales in Narragansett are up 4%…this continues to be good news for sellers.

There were 179 Narragansett homes for sale in May 2012 which was a 5% increase over the prior month (9 more homes for sale).    The choices of homes in all price ranges are here for interested ready, willing and able buyers.  In the $1 million category of homes,  there are 37 Narragansett homes for sale right now.   The number of homes sold in May was 3 less than the number sold in April…. and yes, luxury waterfront Narragansett home sales in this Narragansett community are selling again.

One Narragansett short sale sold in May 2012.   

Narragansett’s May pending home sales: 26  homes.  Pending sales are down by 13% over the prior month.  It still remains a buyers market.

If you are financially able it is time to stop renting a home and not build any home equity when there are deals in Narragansett and other Rhode Island real estate communities to BUY into?

With VA , Affordable housing through Narragansett Housing Authority and USDA loans, buying is possible right now.  Call me so I may  put you in touch with a mortgage loan officer who can work with you financially.  Home ownership is a good feeling when done within your means.

Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge will guide you well  in this market.  Market Update Report - Narragansett Rhode Island Real Estate.


 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 Rhode Island real estate are her specialty.  If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    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

As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if 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!


Facebook   Flckr  LinkedIn RSS Feed to My Blog

You Tube button    Twitter

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


Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer