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

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4Fl5
Narragansett RI Home Sales Update May 2015
 
Pt. Judith Lighthouse Narragansett real estate
 
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 home sales are up over the prior month.  And year over year the home sale dollars on closed homes are down by 5% 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.
 
 
Highest priced home sold:  $ 885,000 at $258/square foot of living space
 
Lowest price home sold:  $42,500 at $110/square foot of living space
 
17 homes were sold overall in May.  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 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 Happening in the Narragansett RI Real Estate Market May 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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Topic:
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Location:
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Rainmaker
2,328,314
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Consumers with Narragansett RI real estate needs would be wise to seek you for assistance. With your outstanding knowledge of this market, you are the agent they need to work with.

Jun 18, 2015 09:51 PM #1
Rainmaker
3,324,653
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Warmer weather...heated up sales in Rhode Island is my psychic predicion.

Jun 18, 2015 09:58 PM #2
Rainmaker
178,619
Kim Johnson
Realty Associates of Florida I Inc. - Coral Springs, FL
Selling South Florida

I know that we are very fortunate to live in a gorgeous area--but I still think your area rocks more!!  Happy Weekend!

Jun 19, 2015 12:49 AM #3
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny, Nice job with the report. Good information for anyone considering a purchase in the Narragansett area.

Jun 19, 2015 01:52 AM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny it is obvious to anyone who has ever been to Narragansett why the home prices are at the upper end of the market.  Hopefully sales will pick up again soon.

Jun 19, 2015 05:22 AM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Great explanantion of why your area is selling and buyers are falling in love. Living close to beaches is very appealing to most buyers.

Jun 19, 2015 11:10 AM #6
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

This is a well written market update for Narragansett RI, Ginny. Your readers will surely appreciate this information.

 

Jun 23, 2015 09:58 AM #7
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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