Narragansett RI Home Sales Update April 2015
Homes are still selling well and if you thought the Narragansett home sale market had slowed its pace you would be right. 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 3% so far this year in RI coastal real estate but home sales are down!
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.
April's home sales figures shows the following in Narragansett:
Highest priced home sold: $1,500,000 at $417/square foot of living space
Lowest price home sold: $20,000 at $233/square foot of living space
14 homes were sold overall in April. Overall, homes under $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 April 2015?
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.