Real Estate Market Report- Narragansett RI 02882

Real Estate Market Report – Narragansett RI 02882



Statistics for the February 2012 Narragansett RI Real Estate Market

Scarborough Beach at its best

15 Narragansett homes have been sold in February 2012, as follows:

1 waterfront home sold for just less than $1 million

2 homes sold over $400,000

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


Average Home Sale Price in February 2012 was $387,566,  homes sold on average for 92% of list price  and were on the real estate market for 119 days on average.

Median Home Sale Price in February 2012 was $345,000, median price of homes sold was 92% of list price and the median days on market were 92 days.


Home sales are up 200% over last year same time and pending home sales in Narragansett are up 55%…this is very encouraging news for sellers.  Buyers are definitely out there buying this year!


There were 177 Narragansett homes for sale in February 2012 which was a 5 % increase over the prior month(8 more homes for sale).    Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million category,  there are 39 Narragansett homes for sale right now.   The number of homes sold in February was 15% more than the number sold in January…. sales continue to fluctuate in this waterfront Narragansett community.


One Narragansett short sale sold in February. There are 2 Narragansett short sales on the market right now.   RI short sales continue to grow in the various towns so working with the North Kingstown short sale agents can decidedly make the difference in a successful outcome with this process.  Call me at 401.529.7849 if you want to discuss your housing’s financial options in a confidential manner today.


Narragansett’s February pending home sales: 23  homes.  Pending sales are up by one sale over the prior month which is good.  It is still a buyers market but is moving towards a ‘neutral’ market which is better for sellers.  Spring is here and arriving with buyers looking for housing…so spruce up and primp the home…Interested in the RI real estate market and need guidance, call me at 401.529.7849 my local real estate knowledge will guide you in this real estate market. Real Estate Market – Narragansett RI 02882. 


2011 Year End Narragansett Real Estate Market Information:

Narragansett RI Real Estate Market Report for 2011.


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.


 As a North Kingstown 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 who sells RI houses in this real estate market – call Ginny at 401.529.7849.