What is the Narragansett Real Estate Market July 2015?
Homes are still selling well and if you thought the Narragansett home sale market had slowed its pace you would be wrong. Home sales are down over the prior month by 29%. And year over year the home sold values are down by 5% year to date in RI coastal real estate as well as home sales. Inventory for homes is different from last year and has increased.
Why does Narragansett command a higher dollar value per square foot of home sold as compared to neighboring towns?
This is a fact out of state buyers have difficulty understanding. You are nearly surrounded by the ocean...this oceanfront, beach access, beachfront and nearly walk to water community commands the dollars because of the ocean. In buyers minds, it is that amazing location that is so different that increases the dollars for every house here.
Highest priced home sold: $ 1,250,000 at $189/square foot of living space
Lowest price home sold: $166,000 at $88/square foot of living space
20 homes were sold overall in July. Overall, homes in all price ranges if priced well are the hot home commodity here. I know this Narragansett town so well having lived in it for many years and loving its beaches.
Email me at ginny@RIHouseHunt.com or call me, Ginny Gorman, at 401.529.7849 when you are ready to market your home or buy in this Narragansett town.
What is the Narragansett Real Estate Market July 2015?
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Ginny Lacey Gorman is your go to Narragansett Rhode Island waterfront and luxury real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate 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 Realtor® who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 today.
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