Narragansett RI Real Estate Market February 2014

Narragansett RI Real Estate Market February 2014


Narragansett Home Sales February 2014

The Narragansett home sales update for February 2014 has felt the cold winds of the winter season and

Narragansett RI Real Estate Market February 2014

Narragansett waterfront neighborhood

this real estate has a decrease in sales.

As this is one of the RI real estate best coastal beach towns to reside in, Narragansett homes for sale offer great and varied property choices.   Let us take a look at what the market is doing this new year  in February home sales…

The Narragansett RI real estate report February 2014 update  is as follows:

  • Properties active and on the market: 116
  • Single-family properties sold in the month: 8 (down by 6 homes from prior month)
  • Average sales price: $ 579,000
  • Median sales  price: $ 335,000
  • Sales price to list price ratio: 91% 
  • Average days on the market: 136 
  • Sales currently pending: 15 

Narragansett homes sale absorption rate remains at over 12  months worth of home inventory.  It is a buyers real estate market here.

  • Breakdown of the 8 Narragansett home sales in February is as follows: 3 homes sold under $300,000, 3 homes sold between $300,000-$400,000, homes sold over $400,000 and 1 home sold for over $1 million.  In February, the homes in the under $300,000 to $400,000 price range generated the most buyers interest.  
  • The luxury oceanfront Narragansett home market continues to be of buying interest with just 1 home over $1 million selling this month.  Interesting to see that 20 homes a million dollars and over sold here in 2012 and 2013.

Staying informed on Narragansett Home Sales in February 2014 is key to every homeowner who is thinking of selling their home soon.  Know thy market, work with a real estate agent who really knows this market and plan accordingly.

Current home sales are down by 43% over the prior month, home inventory growth increased by 5% and pending homes in contract were equal to the prior month.  So the interest in Narragansett homes has lessened this winter.  Home sales are equal to February 2013 compared to February 2014 …so much for the winter pull back in sales year over year.

The Narragansett home sales market has seen a 51% increase in homes sales since 2011 which bodes well for 2014.

Looking to buy a Narragansett home for sale?  You have come to the right place!  Let me help guide you through the southern RI real estate maze of homes.  My knowledge of neighborhoods and condo complexes is an asset to your as a seller or a buyer in this and surrounding locales.

Narragansett RI Real Estate Market February 2014
The Narragansett homes sale market remains steady.  This RI waterfront community in Washington county is known for its beaches, oceanfront Narragansett Pier,  fabulous seafood restaurants and top RI public schools.  This is all a great draw when put together for any Narragansett home buyer.  Having lived in Narragansett for many years, I know the area well.

Looking for a RI waterfront Real Estate Agent that not only knows her Narragansett homes for sale but markets her clients properties with extreme exposure on line?  It sells homes well.   I would love the opportunity to help you.  Call me today.

If you are considering buying a coastal Narragansett RI home or interested in selling your home, contact Ginny Lacey Gorman, waterfront RI real estate agent,  today at 401.529.7849 or email me at  Let’s discuss your home needs now.  Let my on line real estate marketing program work for you!

Narragansett RI Real Estate Market February 2014


 Ginny Lacey Gorman is your go to Rhode Island waterfront agent for Narragansett RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email me to make an appointment to discuss your home needs!
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market call Ginny at 401.529.7849.