Narragansett RI Real Estate Market February 2011

Narragansett RI Real Estate Market February 2011

Narragansett RI real estate

A short boat ride to anywhere in RI

Narragansett RI Real Estate Market February 2011

5 Narragansett RI homes sold, the breakdown is as follows!

1 home sold for over $1 million

2 homes sold for over $400,000

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


In February 2011 there were 159 Narragansett RI homes for sale which is 4 more homes on the market over January 2011 homes for sale.

The home inventory in Narragansett RI real estate  has increased about 2%.

Although a slight increase in home sales, there is not the spike in sales sellers look for at this time of year. However, choices of Narragansett homes for sale are there for the buyers who have their pre-approvals in hand. Again I remind you- have you seen your mortgage lender lately? It is important to have that pre-approval letter in hand when you are searching for a home to show you can make an offer right then and there! Increases to the FHA lending program are to take effect in April which will result in higher mortgage payments for buyers – act now and call me.

Narragansett RI homes 02882 sold for February 2011 were up by 2 additional homes sold. Narragansett home sales are always happening because it is a great community to live in or vacation in, magnificent beaches and oceanfront living and it is the place in RI to go! Everyone heads to Narragansett on the weekends for the camaraderie, beaches, fantastic restaurants and place to connect with friends.

Sellers alike are encouraged by the continued number of buyers who have entered into agreements to purchase a Narragansett RI home. Narragansett pending home sales remain steady. There are 16 homes in pending status in Narragansett RI this past month which is 2 more than last month.

In Rhode Island, and especially Narragansett, buyers are looking for that ‘great’ deal of a home in the right neighborhood but more importantly looking for waterfront homes. There are so many great neighborhoods: Harbour Island, Great Island, Anawan Cliffs to name a few to pique a buyer’s interest.

Based upon current sold and pending statistics, Narragansett is meeting many of these buyer conditions. Give me a call today and let my waterfront expertise for Narragansett work for you. Narragansett RI Real Estate Market Stats – February 2011.


Ginny Lacey Gorman is your go to Narragansett RI real estate agent for homes for sale in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of local information and businesses well. If you are looking for someone to guide you through the home buying or selling process, Ginny is a licensed agent and would be happy to assist you.

Waterfront, oceanfront and coastal RI homes for sale are her specialty but all of RI is her backyard. So feel free to search for RI homes for sale. When you are in need of more information from an internet savvy marketer who sells RI houses in this real estate market, call Ginny at 401.529.7849.