Narragansett, RI Real Estate News

By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Sale Market Update August 2014 This Narragansett home market is up by 41% in real estate sales this month.  It could be a considered a wave in home sales as the Narragansett Pier becomes the ‘it’ place to buy into right now...if you can find a home for sale.      As this is one of the RI coastal real estate great waterfront beach towns to reside in, Narragansett offers a variety of property choices for buyers.  The choice of beaches is numerous here and you may garner one of your own if you have the deep pockets for it. Let us take a look at what the market is doing this August in home sales… The Narragansett home sale market August 2014 update is as follows:   Properties active and on the market: 196  Single-family properties sold in the month: 24  Average sales price...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Sales Market Update July 2014   The Narragansett RI home sales market update for July 2014 is retrenching in home sales. In fact, this Narragansett real estate market is down 23% in home sales this month over the prior month.   As this is one of the RI coastal real estate best coastal beach towns to reside in, Narragansett offers a variety property choices from home sellers.  The choice of beaches is numerous here and you may garner one of your own if you have the deep pockets for it.  Let us see the detail on the real estate scene for this home market this month.... The Narragansett home sale market July 2014 update is as follows: Properties active and on the market: 203  Single-family properties sold in the month: 17  Average sales price: $ 432,000  Sales price to li...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
  The Narragansett RI Home Sale Market June 2014 is feeling a wave of home sales this month. In fact, this real estate market is up 5% in home closings over the prior month. As this is one of the RI real estate best coastal beach towns to reside in, Narragansett homes for sale offer a variety property choices from home sellers.    Claim your cottage or have plenty of cash for your Ocean Road home.   Let us take a look at what the market is doing this June in home sales… The Narragansett real estate June 2014 update is as follows: Properties active and on the market: 187 (20% higher than May) Single-family properties sold in the month: 22 (up by 5% from May) Average sales price: $ 550,000 Sales price to list price ratio: 95%  Average days on the market: 92  Sales currently pending: 21 Na...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Enjoying the Rhode Island Coast | Summer Days in Point Judith   There is so much to enjoy along the Rhode Island coast...we have our ocean, pearly white beaches, fishing ports and great getaway ferry to Block Island.   I could not help but capture the moment of the BI ferry coming into Point Judith.  It is one of the best day trips you can do to enjoy the splendor of a beautiful East Coast island.   In Point Judith, you will find the seafood, fishing boats, beaches, luxury beachfront homes and you will walk the docks.  Greeting the fisherman looking for 'turkey' lobsters ( a big joke there) as most visitors do.  You might pop over to Great Island next door to explore more Narragansett real estate.     Though we are in peak tourist season there it is best for locals to head over there af...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
The Narragansett RI home sale market update for April 2014 is feeling a steady ocean current in home sales. Narragansett Home Sale Market It is all about the beach here As this is one of the RI real estate best coastal beach towns to reside in, Narragansett homes for sale offer a variety property choices from home sellers.   Let us take a look at what the market is doing this April in home sales… The Narragansett home sale market April 2014 update is as follows: Properties active and on the market: 134 Single-family properties sold in the month: 15 (down by 1 from the prior month) Average sales price: $ 570,000 Sales price to list price ratio: 94%  Sales currently pending: 22 (equal to the prior month)    Breakdown of the 16 Narragansett home sales in April is as follows: 3 homes sold u...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sale MarketReport March 2014   Narragansett Real Estate  Market    As this is one of the RI real estate coastal towns to reside in, Narragansett homes for sale offer great property choices for buyers.   Let us take a look at what the market is doing this March in home sales… The Narragansett RI real estate report March 2014 update is as follows: Properties active and on the market: 123 Single-family properties sold in the month: 16  Average sales price: $ 368,000 Sales price to list price ratio: 95%  Average days on the market: 82  Sales currently pending: 22  Narragansett homes sale absorption rate dropped to 7.6  months worth of home inventory.   Breakdown of the 16 Narragansett home sales in March is as follows: 6 homes sold under $300,000, 6 homes sold between $...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
 Narragansett Pier | Narragansett Beach is Where I Like to Be When the weather is 70 degrees on a spring Rhode Island day, the locals come out in hordes to their favorite water spots.  And I do not mean drinking holes!  No here in RI one of our favorite locations is Narragansett Pier leading to Narragansett beach. A mile boardwalk path lines the magnificent Atlantic Ocean here and our 'infamous' beach we like to keep to ourselves...but unfortunately the word has gotten out...it is the place to be. Once where the elite in society from the Vanderbilts and Rockefellers came to gamble at the Narragansett Casino before Newport RI was in its heyday.  This is still the place to stroll, people watch, watch surfers and enjoy a sandy beach walk in this waterfront RI real estate location.  For wit...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Sales Report February 2014 Narragansett RI Real Estate Market The Narragansett home sales update for February 2014 has felt the cold winds of the winter season and 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%  Avera...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sale Market Report January 2014 The Narragansett home sales update for January 2014 has popped in home closings amidst the wintry weather.  A strong sign for the months ahead.   As this is one of the RI real estate great waterfront beach towns to reside in, Narragansett real estate offers a variety of house choices.   Let us take a look at what the market is doing at the beginning of the new year… The Narragansett RI home sale update for January 2014 is as follows: Properties active and for sale: 110 Single-family properties sold in the month: 14  Average sales price: $ 384,000 Sales price to list price ratio: 96%  Average days on the market: 125  Sales currently pending: 15  Narragansett homes sale absorption rate remains at just 8 months worth of home inventory.  ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sale 2013 Year End and December Update The Narragansett home sales update for December 2013 continues its real estate run into winter with a decrease in RI real estate home sales.  Not surprising for this time of year as winter is not an active time for home buyers here. As this is one of the best coastal Rhode Island beach towns to reside in, Narragansett homes for sale offer great and varied real estate diversity.   Let us take a look at what the market is doing in December and recap 2013 in home sales… The Narragansett RI real estate report December 2013 update is as follows: Properties active and on the market:112 Single-family properties sold in the month: 10 Average sales price: $ 801,000 Sales price to list price ratio: 91% Average days on the market: 92 Sale...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Home Sales in Narragansett RI December 2013 and Year End Recap The Narragansett home sales update for December 2013 continues its real estate run into winter with a slight pull back in home sales.  Yet, this real estate market is a strong price point selling market.   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.    The Narragansett RI real estate report for the month of December 2013 update is as follows (year end recap follows farther below):   Properties active and on the market: 112 Single-family properties sold in the month: 10  Average sales price: $ 801,000 Sales price to list price ratio: 91%  Average days on the market: 92  Sales currently pending: 15  Narragansett homes sale abso...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
The Narragansett RI real estate report for November 2013 continues its steady RI real estate rise.   This is one of the RI real estate coastal beach towns to reside in and Narragansett real estate offers fabulous and varied home choices and neighborhoods.   Take a look at what the market is doing this month in single family home sales and contracts… The Narragansett RI real estate report November 2013 update is as follows: Properties active and on the market: 141 Single-family properties sold in November 2013: 25  Average sales price: $ 666,000 Average days on the market: 135  Sales currently pending: 13  The Narragansett single family home absorption rate is just under 6  months worth of home inventory.  Breakdown of the 25 Narragansett home sales in Novemberis as follows: 3 homes sold...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
The Narragansett home sales update October 2013 continues its steady real estate  rise. As this is one of the RI real estate coastal beach towns to reside in, Narragansett real estate offers fabulous and varied home choices.   Let us take a look at what the market is doing this month in single family home sales and contracts… The Narragansett RI real estate report October 2013 update in real estate home information is as follows: Properties active and on the market: 139  Single-family properties sold in October 2013: 23  Average sales price: $ 452,754 Average days on the market: 94  Sales currently pending: 22  The Narragansett single family home absorption rate has increased to just 6  months worth of home inventory.  Breakdown of the 23 Narragansett home sales in October is as follows...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
How is the Rhode Island real estate market doing at the end of 3rd quarter 2013?   Well a slight slowdown by 2% year to date 2013 over 2012 in Narragansett home sales has occurred.  But remember that it was a busy real estate year in this town last year especially in the luxury waterfront market.  The Narragansett RI real estate update is provided by RI coastal Realtor, Ginny Lacey Gorman.   As this is one of the RI real estate best coastal beach towns to reside in.  The Narragansett home sales September 2013 update in real estate home information is as follows: Properties active and on the market: 153  Single-family properties sold in September 2013: 22  Average sales price: $ 414,654 Sales price to list price ratio: 95%  Sales currently pending: 28   Narragansett homes sale absorption...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Room with a Rhode Island View It seems to be a universal want to have a room with a view...and it is especially desirable when one has one with a fabulous lake, oceanfront or Bay view.  There is something about 'water' that makes us 'tick' differently...could it be it has to do with how much of our physical make up is really water? I do not know if that is the case but there is definitely a tranquility and sense of peace being able to deflect the days troubles by looking at soothing water.  In Rhode Island real estate we have over 400 miles of coastline to reflect on this amazing resource.  We care for it well.  Why not come and explore this land called the 'Ocean State' and the littlest state of the U.S. fifty and find your second or vacation home?   This ruby red shoe RI coastal real ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Real Estate Market August 2013   The Narragansett RI real estate market update for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.   The following is the August 2013 single family home sales and activity in Narragansett real estate:  Properties active and on the market: 170 Single-family properties closed in August 2013: 26 Average sales price: $508,560 Sales price to list price ratio: 95% Average days on the market: 109 Sales currently pending: 26 Narragansett RI real estate home sales took another bounce up for the end of summer.  Even the Narragansett luxury home market was making waves with 3 waterfront homes sold this month over $1 million. Narragansett homes were selling in just over 3 months.  Which means right price, condition and locati...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Real Estate Market July 2013.   The Narragansett RI real estate market update for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.   The following is the July 2013 single family home sales and activity in Narragansett real estate:  Properties active and on the market: 178 Single-family properties closed in July 2013: 23 Average sales price: $354,265 Sales price to list price ratio: 95% Average days on the market: 80 Sales currently pending: 22 Narragansett RI real estate home sales took off in the spring yet summer has slowed which is not unusual for this market.  Even the Narragansett luxury home market was not making waves with no waterfront homes sold this month.  However, the homes that did sell sold in less than 3 months.  Which means right ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Real Estate Market Update June 2013.  The Narragansett RI real estate market update for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.   The following is the June 2013 single family home sales and activity in Narragansett real estate:  Properties active and on the market: 178 Single-family properties closed in June 2013: 17 Average sales price: $414,641 Sales price to list price ratio: 94% Average days on the market: 83 Sales currently pending: 28 Narragansett RI real estate home sales skyrocketed in May and shrunk a bit in June.  Even the Narragansett luxury home market was not making waves with no waterfront homes sold.  However, the homes that did sell went in almost half the time this month.  Which means right price, condition and location ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Art Festival 2013 | June 22 & 23 | Narragansett RI 02882   The Narragansett Art Festival is happening this weekend.  Located in Veterans Memorial Park in Narragansett RI across from Narragansett beach and next to the historic Narragansett Towers.  It is a Rhode Island coastal real estate happening that goes back in tradition many years.  Sponsored by the Wakefield Rotary Club, the event is open to all for Free from 9 a.m. to 5 p.m. on both days.   It is a great way to enjoy the weekend and various art forms.  Artists may exhibit work in oils and acrylics, watercolors and pastels, drawings and graphics, photography, sculpture, carvings and other media forms.  A panel of judges will designate awards in various artist categories on Saturday morning with ribbons and cash prizes...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Real Estate Market Update May 2013.  The Narragansett RI real estate market update for the month is provided by Ginny Lacey Gorman of RI waterfront real estate.   The following is the May 2013 single family home sales and activity in Narragansett real estate:  Properties active and on the market: 170 Single-family properties closed in May 2013: 22 Average sales price: $538,609 Sales price to list price ratio: 94% Average days on the market: 161 Sales currently pending: 19  Narragansett RI real estate home sales skyrocketed this month.  However, the Narragansett luxury home market was making waves with 3 waterfront homew sold over a million dollars.  No clearance sale here, just a realization that great Narragansett coastal property is not being made anymore! Breakdown of...
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Narragansett, RI Real Estate Professionals