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Ginny Gorman's Blog

By Ginny Lacey Gorman | Agent in North Kingstown, RI

Narragansett RI Real Estate Market

Narragansett RI Real Estate Market Update.  

Narragansett RI Real Estate Market Update

waterfront on Galilee beach

Narragansett RI Real Estate Market Update September 2012.   Discover the facts on home sales in thiswaterfront RI real estate town..  Know what you are looking for, what is selling and price ranges of Narragansett homes for sale.  Is it still a buyers market?  Yes, it is but waterfront RI real estate is selling in Narragansett.

21 Narragansett homes were sold in September, as follows:    

    3  waterfront Narragansett homes sold for over $ 1 million     

Narragansett Rhode Island Real Estate Market for September 2012

Narragansett Rhode Island Real Estate Market Update

    9 homes sold over $400,000

       2 homes sold between $300,00- $400,000

      7 homes sold for under $300,000

Narragansett RI Real Estate Market Update



Narragansett Rhode Island Real Estate Home Sale Information Facts:

Average Home Sale Price in September 2012 was $594,441,  homes sold on average for 89% of list price  and were on the real estate market for 107 days on average.

Home sales are up 5 % over the prior month.  

Narragansett home sales are up 48% over last year same time (September 2012 compared to September 2011).  This is again a good sign to the local housing market.

There were 161 Narragansett homes for sale in September 2012 which was a 5 % decrease over the prior month.

The choices of homes in all price ranges are there for interested ready, willing and able buyers.  Ensure you are pre-approved through a mortgage lender so you are ready to make an offer and know your home price range.

In the $1 million category of luxury Narragansett homes for sale,  there are 40 homes for sale.  And yes, luxury sales in this waterfront Narragansett community are selling slowly.

Narragansett RI Real Estate Market.

The number of homes sold in September was 1 more than homes sold in August.

1 Narragansett short sale sold in September.   

Narragansett’s September pending home sales: 25  homes.  Pending sales are up down by 7% over the prior month.

Fall weather is here, mortgage rates are amazingly low so what are you waiting for!  It is a great time to buy as well as enjoy waterfront Narragansett RI real estate!

Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge and guidance.  I lived in Narragansett for many years and know its nooks & crannies of real estate well.   Narragansett RI Real Estate Market.


Ginny Lacey Gorman is your go to Narragansett Realtor® for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.       

Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  So feel free to search for RI Homes for Sale.  When you are in need of a true real estate professional for your buying, selling or relocating needs and an internet savvy Realtor® who sells RI houses in this real estate market call Ginny at 401.529.7849.

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