Narragansett RI 02882 Real Estate Market Report -January 2012

Real Estate Agent with Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Narragansett RI 02882 Real Estate Market Report –January 2012.

Narragansett Beach at Narragansett Pier

Remember the Warm Days of Summer on Narragansett Beach

The local real estate market shows signs of rising slowly as an increased interest in homes is demonstrated by showings and sales which continue to happen in the Narragansett real estate locale.

13 Narragansett homes were sold in January 2012, as follows:

1 waterfront home sold for over $1 million

7 homes sold over $400,000

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

Narragansett RI Market Report

Narragansett RI Home Sales by Price Ranges- January 2012


Average Home Sale Price in January 2012 was $496,403,  homes sold on average for 90% of list price  and were on the real estate market for 121 days on average.

Median Home Sale Price in January 2012 was $492,500, median price of homes sold was 93% of list price and the median days on market were 62 days.

There were 169 Narragansett homes for sale in January 2012 which was a 8 % decrease over the prior month(15 less homes for sale).    Certainly the choice of homes in all price ranges are there for interested buyers.  In the $1 million category,  there are 35 Narragansett luxury homes for sale right now.   The number of homes sold in January was 32% less than the number sold in December…. sales continue to fluctuate up and down in this waterfront Narragansett community.

No Narragansett short sales sold in January. There are two active 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 financial options in a confidential manner.

Narragansett’s January pending home sales: 22  homes.  It is remains a buyers market here.  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 real estate knowledge will guide you well.  Narragansett RI 02882 Real Estate Market Report.

Another market report past post you may have missed:

Narragansett RI Real Estate Market Report for 2011.

View Narragansett Pier- Narragansett RI 02882 in a larger map


 Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Narragansett RI geographic area of homes for sale, schools, happenings, important tidbits of information and  businesses well.  Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage.  When you are in need of an internet savvy RI realtor® who sells homes in this real estate marketcall Ginny today at 401.529.7849.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice


Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Realtor in the Sparkly Red Shoes.


Looking for a knowledgeable Rhode Island Realtor?  Let me GOOGLE one for you!


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cell: 401.529.7849      Ginny Lacey Gorman, Realtor




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Comments 13 New Comment

Ed Silva
CDPE, GRI, ABR, Real Estate Agent
RE/MAX Professionals, CT 203-206-0754

Ginny, a broad range of homes sold, but I'm sure if a buyer wants to buy real estate in the Narragansett RI area, you will find the perfect fit for them.

February 11, 2012 11:02 AM
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Nicely done report and I love your photograph.

Have a wonderful weekend.

February 11, 2012 11:22 AM
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

Ginny, love your new graph, and your Market Report demonstrates how you are the EXPERT when it comes to sales and statistics for Narragansett RI!


February 11, 2012 12:48 PM
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Ginny I love Narragansett, I bunked many a school day there.  Love the beaches there.

February 11, 2012 09:14 PM
Petra Norris
Realtor, Lakeland FL Homes for Sale
CDV TransAtlantic, Inc.

All the hard work and time you put on your blogs really explains why you are the excellent north kingstown short sale agents. You're report shows that you've been doing great. Congratulations, Ginny! Keep it up! Cheers! 

February 11, 2012 10:22 PM

Ginny Lacey Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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