Narragansett Rhode Island Real Estate- Market Report

Narragansett Rhode Island Real Estate – Market Report


Narragansett Rhode Island Real Estate - Market Report May 2012

Nothing 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


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.

Median Home Sale Price in May 2012 was $374,950, median price of homes sold was 93% of list price and the median days on market were 137 days.


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 there 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 sales in this waterfront 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.


Summer is approaching with buyers looking for housing…so spruce up and stage the home for curb appeal.

Why would you continue to RENT a home and not build any home ownership when there are great deals in Narragansett and other Rhode Island real estate communities to BUY a home?

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 Narragansett 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 real estate market.


Narragansett Rhode Island Real Estate- Market Report.


Ginny Lacey Gorman is your go to North Kingstown Real Estate agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.  She lived in Narragansett for many years and loves the locale.  

Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard.   When you are in need of a good professional for your buying and selling needs and an internet savvy marketer and agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.