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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Comments 13 New Comment

Show All Comments
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Ginny, This is a nice snapshot of the real estate market. I love the picture of the beach.

February 11, 2012 06:57 AM
Liz and Bill Spear
RE/MAX Elite Warren County OH (Cincinnati/Dayton)
RE/MAX Elite 513.265.3004

Ginny, It looks like a particularly tough market for the luxury home sellers.  35 for sale and only 1 sold in January.  Hopefully things start to head up for that segment of the market soon.  On the other hand, that $490ish average and median prices are both pretty strong!

February 11, 2012 07:13 AM
Michael Thornton
Nashville Area - Photography & Videography
RadnorLake Video

Good morning,  Ginny. I certainly hope that some of those sales were yours.

February 11, 2012 07:58 AM
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Gita, i spent many years living in Narragansett RI and the beach is spectacular...thanks

Bliz, yes the average sale price is good and real estate for a good size piece of land is pricey but it is a sensational place to live.

Michael, one got delayed but more sales to come Narragansett...had my first apartment in this town.

February 11, 2012 08:06 AM
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Good morning, Ginny..... I'm confident many of those sales are yours..... you're the North Kingstown RI Realtor to call if you're thinking of a move to the North Kingstown RI area.

February 11, 2012 08:06 AM
Christine Smith
Exclusive Buyer Agent & Attorney, Canton, MA
Buyers Brokers Only LLC -

Ginny...great market report for Narrangansett RI!

February 11, 2012 08:21 AM
Janis Borgueta
LIC R.E Salesperson - Homes for Sale Newburgh NY
Key Properties of the Hudson Valley ~ 845-527-7115

Hi Ginny, I'm not that far away from narragansett RI but i've never been there. It seems to me that the location is beautiful. Also with waterfront property you can never go wrong!

February 11, 2012 08:37 AM
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Barbara, I am doing what I need to do to market to the potential sellers and loving the real estate in Narragansett is easy...

Christine, glad we talked is invigorating to get motivated on new things...thanks

Janis, worth the trip for a weekend, stay at a b & b and just walk the beach and enjoy the great restaurants.

February 11, 2012 09:03 AM
Ed Silva
Central CT Real Estate Broker Serving all equally
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
Roy and Dolores Kelley Photographs
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
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Ginny Gorman

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