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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)
Market Update Report -Narragansett Rhode Island Real Estate.  Nothing Like Narragansett Pier!   20 Narragansett homes have been sold in May 2012, as follows: 2 waterfront Narragansett homes over $1 million 6 homes sold over $400,000   4 homes sold for between $300,000-$400,000     8 homes sold for under $300,000 Narragansett Rhode Island Real Estate Home Sale Information Facts: Average Home Sale Price in May 2012 was $441,015,  homes sold on average for 93% of list price  and were on the real estate market for 154 days on average. Home sales are up 18% over last year same time (May 2012 compared to May 2011) while pending home sales in Narragansett are up 4%…this continues to be good news for sellers. There were 179 Narragansett homes for sale in May 2012 which was a 5% increase over th...
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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 Report- April 2012. Narragansett real estate is maintaining sales volume as an increased interest in waterfront homes is shown by sold and pending sales which continue to happen in Narragansett real estate. 23 Narragansett homes have been sold in April 2012, as follows: 2 waterfront homes over $1 million 8 homes sold over $400,000 7 homes sold for between $300,000-$400,0006 homes sold for under $300,000 Narragansett Home Sale Information Facts: Average Home Sale Price in April 2012 was $508,626,  homes sold on average for 89% of list price  and were on the real estate market for 139 days on average. Home sales are up 130% over last year same time while pending home sales in Narragansett are up 67%…this is encouraging news for sellers.  It also lets buy...
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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 02882 Real Estate Market Report – March 2012. Narragansett Beach- Narragansett Pier- Awesome Waterfront RI Real Estate   Narragansett real estate shows signs of maintaining sales volume as an increased interest in waterfront homes is shown by sold and pending sales which continue to happen in Narragansett real estate. 15 Narragansett homes have been sold in March 2012, as follows:   4 homes sold over $400,000 ( 2 homes were under $1 million and were waterfront homes) 7 homes sold for between $300,000-$400,0004 homes sold for under $300,000 Narragansett Home Sale Information Facts: Average Home Sale Price in March 2012 was $380,264,  homes sold on average for 95% of list price  and were on the real estate market for 146 days on average. Home sales are up 200% over last ye...
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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)
Calef Avenue Neighborhood -Narragansett RI Real Estate. Down Ocean Road past Scarborough State Beach and traveling towards the Point Judith lighthouse is the the neighborhood Discover Calef Avenue Narragansett RI Real Estate of Calef Avenue in Narragansett.  Known primarily for ocean front homes, cottages and bungalows, Narragansett has the waterfront real estate most buyers desire.   The Calef Avenue neighborhood comes really alive around Memorial Day when the warm winds blow consistently to shore.   The waterfront Narragansett homes are all opened up for their homeowners enjoyment by then.  Some of these Narragansett neighborhood homes have been in the same family for generations while others change owners regularly. It is interesting to watch out of state buyers driving up and down t...
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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)
Why are so Many Buyers Interested in Narragansett RI Real Estate? Narragansett is geographically surrounded by wonderful bodies of pristine water- Narragansett Bay and the Atlantic Ocean.  As I say about this town - it is all about the BEACH!  Narragansett has the coastal hamlet neighborhoods of Bonnet Shores, Anawan Cliffs, Edgewater, Ocean Road, Galilee,Harbour Island, Great Island, Green Hill, Jerusalem and Matunuck to name a few. Stunning Narragansett neighborhoods to grab your attention quickly.  From white shore sand beaches to the sparkling blue waters.  Your journey here will be via Routes 1 or 1A, the coastline scenic routes of landscapes to admire to reach this waterfront destination. Known for not only its beaches and wonderful waterfront homes but also its restaurants which ...
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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)
Real Estate Market Report – Narragansett RI. Scarborough Beach at its best   The February 2012 local real estate shows signs of rising slowly as an increased interest in homes is demonstrated by sales which continue to happen in Narragansett real estate. 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-$400,0005 homes sold for under $300,000 Take note: Average Home Sale Price in February 2012 was $387,566,  homes sold on average for 92% of list price and homes sold were on the real estate market for 119 days on average. 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...
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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 02882 Real Estate Market Report –January 2012. 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-$400,0002 homes sold for under $300,000 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 ...
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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)
When a Picture is worth more than a thousand words.  Yes, on a private road this waterfront Narragansett home for sale sits serenely unoccupied for the last 8 years!  It seems that another Ponzi like schemer on a smaller scale than Bernie Madoff was having the time of his life here too.  While he built 2 waterfront Narragansett RI homes, he bamboozled his financial victims out of about $1.4 billion. This scoundrel with a residence in Florida (his residence there was 9200 square feet in Fort Lauderdale) had this Narragansett property seized, along with others, by the U.S. government and put up for sale.  There is far more to this story that may later be revealed.  Would not want to speculate further until I am sure the house is ruled out as a possibility by my clients. However, the Ponzi...
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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 - Edgewater neighborhood.  Narragansett RI is the home of the renowned Narragansett Beach…it is a location Rhode Islanders are all proud of.  So the Edgewater neighborhood is unique in its own right and will not to be upstaged by a local beach by any means.  This fine neighborhood is on the northerly point of Narragansett and is located on the other waterfront border of Narragansett that being Narrow River.  True to form Edgewater is a mix of ranch homes, cottages, colonials and upscale homes to enjoy.  The choice of Narragansett homes for sale is varied but all have one thing in common here – all are within walking distance to the Narragansett waterfront.  What is great about this Narragansett neighborhood?  Well there is so much to share but first and forem...
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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 Report –Year End- 2011. 19 Narragansett homes have been sold in December 2011, as follows:  8 homes sold over $400,000 6 homes sold for between $300,000-$400,000 5 homes sold for under $300,000  There were 184 Narragansett homes for sale in December 2011 which was a 11 % decrease over the prior month(23 less homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million category,  there are 31 Narragansett homes for sale right now.   The number of homes sold in December was 58% higher to the number sold in the prior month…. sales continue in this waterfront Narragansett community. No Narragansett short sales sold this past month.  RI short sales continue to grow in the various RI towns so work...
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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)
Penguin Plunge – New Years Day - Narragansett RI Real Estate is Amazing.  Balmy oceanfront Narragansett RI was the scene for a fantastic fundraiser for Special Olympics at Roger Wheeler State Beach in the village of Galilee this New Year’s Day 2012.  Time of the big penguin splash for participants was Noon time.  Now I have supported and been an annual voyeur at these events year after year.  BUT yesterday I have never seen the number of people like there were on the beach or lined up trying to get into the parking lot from over a mile and a half down the road! It was an awesome experience …the state parking lot was full of cars, buses and limousines, no less!  I guess if you are going to freeze your kiesta off, you should go home in style!  Well my pictures show a bit of the craziness ...
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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 Real Estate Market Report.          12 Narragansett homes have been sold in November 2011, as follows:                    1 home sold over $1 million (waterfront Narragansett home)                     5 homes sold over $400,000                     3 homes sold for between $300,000-$400,000                    3 homes sold for under $300,000      There were 207 Narragansett homes for sale in November 2011 which was a 7 % decrease over October (15 less homes for sale).   In the $1 million + Narragansett homes for sale price range, there are 35 Narragansett homes for sale right now (same number as last month). If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home.  My web site will give ...
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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)
Bonnet Shores neighborhood - Narragansett RI - All the Way to Bonnet Point.Bonnet Shores has two neighborhoods within one so to speak.  The Bonnet Shores Road neighborhood I have written about before and it is a distinct waterfront Narragansett neighborhood too.  But we are heading right at the fork on Bonnet Shores Road to Bonnet Point Road which takes one past the high grasses and Westquage Pond.  Affectionately known as 'Bonnet' to the locals...come follow me down there.   There is a great diversity of waterfront Narragansett neighborhoods to choose from, experience and mosey around in when RI house hunting.  Also, it is all about the beach in Narragansett and all neighborhoods are close to a number of the many beaches on Narragansett Bay or the ocean.  Yet, Narragansett Beach contin...
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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)
Bonnet Shores neighborhood - Narragansett RI 02882.  One thing I have shared with clients is that Narragansett has a great diversity of Bonnet Shores neighborhood - Narragansett RI waterfront neighborhoods to explore and check out when RI house hunting.  All neighborhoods are fairly close to the beaches on Narragansett Bay or the ocean – the choice is yours. Having lived in Bonnet Shores, I know the neighborhood well and it has certainly evolved Bonnet Shores home - Narragansett RI over time into a great community of vacation and year round living.  Their are two paths to follow to get into Bonnet Shores and for this post I will explore the Bonnet Shores neighborhood off Bonnet Shores Road which is considered the northerly neighborhood.  There is also Bonnet Point Road neighborhood whic...
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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)
Can't Buy It - It’s Narragansett Pier – This is Narragansett RI Real Estate. The destination for travelers, home buyers and visitors coming to South County RI always includes Narragansett Pier and sea wall.  It is spectacular in its ocean views at the mouth of Narragansett Bay out to the Atlantic Ocean.  This is one of ‘the Beaches’ in RI recognized time and time again as true Narragansett real estate.  Can’t buy it, can’t have it but you can enjoy it this time of year for free if you like to feel the beach at your soles. Narragansett Pier is so named because in the late 1800′s Narragansett RI was home to the Narragansett Casino where the wealthy frolicked from Newport way.  The pier was the docking point for the yachts that came to the casino.  Sadly in the 1880′s the Narragansett Pier...
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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 02882 Real Estate Market Report.          9 Narragansett homes have been sold in October 2011, as follows:                     2 homes sold over $400,000                     2 homes sold for between $300,000-$400,000                    5 homes sold for under $300,000      There were 222 Narragansett homes for sale in October 2011 which was a 3 % decrease over September (8 less homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the $1 million Narragansett homes for sale price range, there are 35 Narragansett homes for sale right now. If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of your home.  My web site will give you more informat...
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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 beach - Stinky Beach- Best in Waves!  Let's go to stinky beach today and body surf with the best waves around.  That was the call of the wild when we were in college and wanted a private Narragansett RI beach without prying eyes where we could roam with our boyfriends.  Unfortunately, the name 'stinky beach' was a local term because of the way the coastline formed a boomerang shape and the ocean seaweed seemed to end up here...yes, on many a day a smattering of red, yellow, orange and green seaweed would be awash on this pristine white sand beach.  Nonetheless it was the privacy and seemingly breathtaking piece of beach to be on that made it so special. Just north of Narragansett's Scarborough state beach, we could park on the side streets for hours and just have peace ...
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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 02882 Real Estate Statistics - Homes Sold.          9 Narragansett homes have been sold in September 2011:                    2 homes sold for over $1million (waterfront Narragansett home)                     4 homes sold over $400,000                     1 home sold for between $300,000-$400,000                    2 homes sold for under $300,000     There were 230 Narragansett homes for sale in September 2011 which was a 5 % decrease over August (12 additional homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the higher priced homes over $1 million, there are 39 Narragansett homes for sale now. If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for t...
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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)
Are You Looking to Buy a Home in Narragansett RI?   OMG...It is the Orange stickers again in Narragansett RI and why would this be of concern to a buyer looking for a Narragansett primary residence or an investment home?  Well these 'orange stickers' placed on homes by the police are the Scarlet Letter 'A' (orange letter 'A') which denotes the home is an active party home.  It means the home occupants have violated town ordinances and the owner has been probably levied a fine. With many URI students renting off campus in Narragansett, it is a two edged sword here- on one hand the number of home rentals keeps the town's taxes low (less education expense) and on the other hand the students do like to party and may disrupt quiet neighborhoods. Dealing with Narragansett home rentals takes c...
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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 02882 Real Estate Report - August 2011.          12 Narragansett homes have been sold in August 2011:                    1 home sold for over $1million (waterfront Narragansett home)                     4 homes sold over $400,000                     5 homes sold for between $300,000-$400,000                    2 homes sold for under $300,000     There were 243 Narragansett homes for sale in August 2011 which was a 5 % increase over July (12 additional homes for sale).  Certainly the choices of homes in all price ranges are there for interested buyers.  In the higher priced homes over $1 million, the Narragansett home inventory is at 39. If your are a Narragansett RI home seller, the real estate market report gives you information on recent home sales for the pricing of ...
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Narragansett, RI Real Estate Professionals