Narragansett RI Real Estate Market Report April 2012

Narragansett RI Real Estate Market Report April 2012


Narragansett RI Pier and waterfront real estate

Narragansett real estate is maintaining sales volume as an increased interest in waterfront homes is shown by sold and pending sales which continue to happen in Narragansett real estate.


23 Narragansett homes have been sold in April 2012, as follows:

2 waterfront homes over $1 million

8 homes sold over $400,000

7 homes sold for between $300,000-$400,000
6 homes sold for under $300,000

Narragansett Home Sale Information Facts:

Average Home Sale Price in April 2012 was $508,626,  homes sold on average for 89% of list price  and were on the real estate market for 139 days on average.

Median Home Sale Price in April 2012 was $379,000, median price of homes sold was 94% of list price and the median days on market were 87 days.


Home sales are up 130% over last year same time while pending home sales in Narragansett are up 67%…this is very encouraging news for sellers.


Buyers are definitely out there buying this time of year!


There were 170 Narragansett homes for sale in April 2012 which was a 5% decrease over the prior month(9 less homes for sale).    Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million category,  there are 36 Narragansett homes for sale right now.   The number of homes sold in April were 13 more to the number sold in March…. increasing sizeable sales in this waterfront Narragansett community.

No Narragansett short sales sold in April.   


Narragansett’s April pending home sales: 30  homes.  Pending sales are equal to the prior month which is great.  It is still a buyers market.  Spring is here and arriving with buyers looking for housing…so spruce and stage the home…

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 real estate market.

Narragansett RI Real Estate Market Report April 2012.


Ginny Lacey Gorman is your go to waterfront Rhode Island Real Estate Agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.


 As a RI short sale agent, call me if you are having trouble paying your mortgage and need help…a short sale option may be for you.


 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.


  1. says

    Hi Ginny,loving the market report on your area.Thanks for sharing this to us!Best of luck to you and continue being a great North Kingstown Short Sale Agent.