What is the Narragansett Real Estate Market July 2015?

Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
What is the Narragansett Real Estate Market July 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 wrong.  Home sales are down over the prior month by 29%.  And year over year the home sold values are down by 5% year to date in RI coastal real estate as well as home sales.    Inventory for homes is different from last year and has increased.
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:  $ 1,250,000 at $189/square foot of living space
Lowest price home sold:  $166,000 at $88/square foot of living space
20 homes were sold overall in July.  Overall, homes in all price ranges if priced well 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 the Narragansett Real Estate Market July 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.
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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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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good morning Ginny,, always enjoy viewing information on other communities  Thanks for sharing with us in Ar land.

Aug 19, 2015 09:57 PM #1
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

 A very healthy increase in sales Ginny and we know that you are among the very healthiest of Realtors in Listing and Selling   Rhode Island homes.

Aug 19, 2015 09:57 PM #2
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good Thursday morning Narragansett Rhode Island Realtor Ginny Gorman -

Thanks for sharing the important and very informative real estate facts with us.  You are without question the Narragansett RI Realtor to rely on for ones real estate needs.

Aug 19, 2015 10:00 PM #3
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. Very impressive to see that much gain, hope the trend continue for a long time.

Aug 19, 2015 10:13 PM #4
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Ginny Gorman The final half of this year will be very telling of the direction of our economy for the next few periods. I sense a slowdown nationwide for various reasons. Let's hope the FED does not upset the apple cart with a rate increase just based on the fake jobs numbers.


Aug 19, 2015 11:02 PM #5
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 the  Narragansett Real Estate Market  and know you are on top of this market!

Aug 19, 2015 11:29 PM #6
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

There is that Ginny Gorman Realtor again, She is the one to go to for all your Real Estate needs.  Go ahead and call her today!

Aug 19, 2015 11:30 PM #7
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny as you know Narragansett was one of my favorite places when I was growing up in RI, so it is great to hear the market is doing well there.

Aug 20, 2015 01:54 AM #8
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ginny, it's almost always about location isn't it! I think ocean property has always come at a premium.

Aug 20, 2015 08:20 AM #9
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, This is good information for home bueyrs and sellers in the area.

Aug 20, 2015 08:49 PM #10
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Morning Ginny:

RI is such a lovely state. I have good friends who live in Porstmouth, Tiverton, and Bristol.

I have not been to Narragansett but I will certainly agree with you. The location commands the price.


Aug 20, 2015 09:22 PM #11
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Ginny.  What happened?  What are sales down 29%?

Aug 20, 2015 09:22 PM #12
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Conrad Allen there is a softening of the market being felt around right now..vacations..we will see...lack of affordable houses in the buying sector of the market I believe...this fall will be telling!

Aug 20, 2015 09:29 PM #13
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

I love that photo that you decided to use with this great market report! Nothing like the water to bring in those phone calls.

Aug 21, 2015 12:49 AM #14
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Ginny, good morning! Thank you for sharing this well-written Narragansett real estate market report for July 2015. All the best!

Sep 02, 2015 02:51 AM #15
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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