Narragansett RI 02882 Real Estate Report – August 2011

Narragansett Market Stats

Narragansett RI – Scarborough Beach

Narragansett RI 02882 Real Estate Report – August 2011


12 Narragansett homes have been sold in August 2011:

1 waterfront home sold for over $1 million

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


There were 243 Narragansett homes for sale in August 2011 which was a 5 % increase over July (12 additional homes for sale). Additionally, 16% of the Narragansett homes for sale are over $1 million which is a large number for this community.


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.


Narragansett continues to have a good supply of homes for sale and the oceanfront and coastal Narragansett homes for sale are selling. Honestly, the sales were in the under $300,000- $400,000 category this past month which means that if the location, condition and price for a home is right it will be SOLD. Home sales did decrease by 25% in August over the prior month.


Mortgage rates remain at low rates. It is the best time for Narragansett home buyers to find the neighborhood of their choice within their price range.  Catch the hottest Narragansett homes for sale here:


August’s pending home sales were equal to July 2011 – 21 homes in pending status in Narragansett RI (3 waterfront Narragansett homes were in pending here). It is still a buyers market with the market absorption rate at 12 months to sell just the current homes on the market. Don’t forget to visit Narragansett Beach in Narragansett Pier for a wonderful view of one of our magnificent beaches!


Out of state and in state buyers continue to search for Narragansett oceanfront and coastal homes for sale. Fall is around the corner and is a great time to see the beauty of this waterfront Narragansett community. Narragansett RI 02882 Real Estate Market Report – August 2011.


Ginny Lacey Gorman is your go to North Kingstown agent for homes in North Kingstown RI and beyond…knowing the geographic area, schools, happenings,important tidbits of information and businesses well.


As North Kingstown short sale agents, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.


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 who sells RI houses in this real estate market – call Ginny at 401.529.7849.