What is Happening in the Narragansett RI Real Estate Market March 2015?

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4CjD

 

What is Happening in the Narragansett RI Real Estate Market March 2015?
 
                                               Galilee in Narragansett RI
 
Homes are still selling vigorously and if you thought the Narragansett home sale market had slowed its pace you would be wrong.  Certainly the winter storms put a damper on sales over last year at the same time, but homes are up over the prior month.  And year over year the home sale dollars on closed homes are up by 15% so far this year in RI coastal real estate!  
 
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.
 
March's home sales figures shows the following in Narragansett:
 
Highest priced home sold:  $925,000 at $403/square foot of living space
 
Lowest price home sold:  $220,000 at $202/square foot of living space
 
9 homes were sold overall in March.  Overall, homes over $400,000 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 when you are ready to market your home or buy in this Narragansett town.

 

What is Happening in the Narragansett RI Real Estate Market March 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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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

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Rainmaker
3,265,885
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Water is a HUGE attraction....and a great place to call home...and appreciate equity.

Apr 19, 2015 09:21 PM #1
Rainmaker
3,826,313
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

After reading your market report it's easy to understand why Narragansett's homes command a higher price! Surrounded by by the ocean, with oceanfront lots, beach access and nearly walk to community..location...location once again proves to receive a higher price.

Apr 19, 2015 09:26 PM #2
Rainmaker
308,508
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Ginny.  Narragansett RI is a beautiful place to be.   Easy to see why buyers find this a desirable place to call home.   

Apr 19, 2015 10:38 PM #3
Rainmaker
2,309,508
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: It is good to hear the Narragansett RI real estate market is still striding it out...I enjoy reading about positive markets.

Apr 19, 2015 10:51 PM #4
Rainmaker
558,927
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Ginny.. Definitely, waterfront homes are much more expensive. Waterfrontage, watershed and location of the property by the water also play a crucial factor in pricing the home.

Only an expert like you can explain this eloquently to the buyers and sellers.

Apr 19, 2015 11:44 PM #5
Ambassador
3,818,396
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny I love Narragansett, and miss the times I use to spend there as a kid.  It is great to see the market doing well there.

Apr 20, 2015 09:38 AM #6
Rainmaker
2,265,205
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. A 15% increase is outstanding, especially if someone is considering selling their home. They should be contacting you for representation.

Apr 20, 2015 06:04 PM #7
Rainmaker
4,101,450
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, great market update for Narragansett, and hope now that spring is here, your market takes off through the summer! 

 

Apr 22, 2015 10:13 AM #8
Ambassador
2,680,900
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi, Ginny. Thanks for keeping us in the loop of Narragansett RI real estate market. Best wishes for a more productive spring and the coming months.

Apr 30, 2015 11:34 AM #9
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Rainmaker
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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