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Narragansett Home Sale Market January 2017 Report
Narragansett RI Real Estate Market January 2017
 

   The Narragansett home sale market has upped its pace with sales up over the prior month.  Home sales are up by 36% month over month.   In Narragansett, RI coastal real estate home values are up too.  When the average price of a sold home is over $500,000, you know you are in a top area.   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.   Go to Narragansett Home Sale Update January 2017 for a full discussion of what is happening in this oceanfront home sale market on www.RIHouseHunt.com.       19 homes were sold this month in Narragansett.  Overall, homes in all price ranges if priced well are the hot home commodity here but the over $400,000 market is hot. It is the end of fall and the buying enthusiasm is still active. ... more

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