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Narragansett Home Market Update January 2016
Narragansett Home Market Update January 2016
      The Narragansett home sale market has slowed its pace with sales down 31% over the prior month.    In Narragansett RI coastal real estate home values are up too by 4% for year over year.       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.  Land here is at a premium cost also.     Narragansett Home Sale Update January 2016 for a full discussion of what is happening in this oceanfront home sale market.  Yes, and two multi million dollar homes sold this month too.     18 homes were sold in January in Narragansett.  Overall, homes in all price ranges if priced well are the hot home commodity here. It may be winter but the buying enthusiasm is still active.   I know this Narragansett town so well having lived in it for many years, loving its beaches and know the neighborhoods ... more

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