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Narragansett, RI Real Estate News

By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Market Update February 2016      The Narragansett home sale market has slowed its pace with sales down substantially over the prior month.  Yet pending home sales are up by 33%.   In Narragansett RI coastal real estate home values are up too by 15% for year over year for the first two months of 2016 over 2015.       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...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Restaurant Week Spring 2016  All the 'foodies' out there in Rhode Island hear me!  This is the time to make the trek to experience southern RI cuisine for Narragansett RI restaurant week the spring 2016.  The annual spring restaurant week is taking place in waterfront Narragansett RI the week of February 26th.  So this is your opportunity to taste and tempt your palate with the various offerings at hand from many participating restaurants.Now Narragansett Restaurant Week is happening in a great locale but I always say to my RI real estate clients....remember it is all about the location and the location in Narragansett is ALL about the Beach!  There are a number of beaches to behold and enjoy.  So while you are partaking in the gastronomical delights of Coast Guard House...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Market Update January 2016      The Narragansett home sale market has slowed its pace with sales down 31% over the prior month.    In Narragansett RI coastal real estate home values are up too by 4% for year over year.       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.     Narragansett Home Sale Update January 2016 for a ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Market Update December 2015      The Narragansett home sale market has picked up its pace with sales up 44% over the prior month.  And year over year the home sold values are up 4% Narragansett year to date over same period in 2014.  In Narragansett RI coastal real estate home values are up too by 4% for 2015 over 2014.       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 h...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Market Update November 2015           The Narragansett home sale market has slowed its pace with sales down 14% over the prior month.  And year over year the home sold values are equal in Narragansett year to date over same period in 2014.  In Narragansett RI coastal real estate yet home values are the showing the highest increase of any southern RI town, up by 7%.       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 d...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
What is the Narragansett Real Estate Market October 2015?      The Narragansett home sale market has slowed its pace with sales down 39% over the prior month.  And year over year the home sold values are down in Narragansett by 3% year to date in RI coastal real estate yet home values are the showing the highest increase of any southern RI town.       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...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
What is the Narragansett Real Estate Market September 2015?      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 up over the prior month by 20%.  And year over year the home sold values are down in Narragansett by 2% year to date in RI coastal real estate.    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 ama...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Fall Weather Is Great In Rhode Island With over 400 miles of waterfront in the smallest state in the Union, Rhode Island, you have to believe that there is no place like home (have you heard that before?).  This is a fall view of one of my most favorite beaches in RI coastal real estate, Narragansett Beach, in Narragansett RI.   We do not feel fall here at all!  It is gorgeous weather to continue to enjoy the fabulous beaches and oceanfront that make this the land that is so accessible to home buyers and seekers. Come see why I love my backyard and love to help serious home buyers in Rhode Island with the best real estate guidance I can deliver.  It is all about the beach here.   Whether you are buying or selling in the Narragansett real estate market or anywhere in Washington County, R...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
What is the Narragansett Real Estate Market August 2015?     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 up over the prior month by 50%.  And year over year the home sold values are down in Narragansett by 3% year to date in RI coastal real estate.    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...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
What is the Narragansett Real Estate Market July 2015?   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 ama...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sales Update June 2015   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 up over the prior month by 65%.  And year over year the home sold values are down by 8% year to date in RI coastal real estate as well as home sales.    Inventory for homes is different from last year and not as plentiful adding to this decrease.   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, ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sales Update May 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 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 ...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
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...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
 What is Happening in the Narragansett RI Real Estate Market March 2015?                                                 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 comman...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
What is Happening in the Narragansett RI Home Market January 2015?   Walk along the ocean in Narragansett RI and you understand the draw and why so many people want a home or condo here!  Stunning beaches, great oceanfront for swimming, surfing, fishing and boating and ecletic restaurants that tantalize the taste buds.  So what is happening with the Narragansett RI real estate market the first month of the new year, January 2015?   Home sales have slowed quite a bit considering the harsh weather that is being experienced here.  A drop in Narragansett sales from the prior month has occurred but not that far off from past January's Narragansett home sales.  It is New England and the weather can be biting in January and February.   So here is the Narragansett real estate market January 201...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
                  Narragansett RI Home Sale Report December 2014   The Narragansett real estate market report for December 2014 and year end is demonstrating an uptick in home sales.  Home sales this month were up 27% in December over the prior month.  This year has seen an overall 2% increase in Narragansett real estate sold numbers..   Overall the Narragansett home sale market for the 2014 year is up 2% through December as compared to same time period in 2013 (5 more homes sold in 2014).  Real estate sold prices decreased by 6% 2014 over 2013.  Yet, this is not a decreasing value RI coastal real estate town...not by any means.  The luxury real estate market of sales dropped significantly in 2014 which impacted the average home sale value.      As this is one of the RI coastal real est...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett RI Home Sales November 2014   This Narragansett home sale market had a seasonal pull back in real estate sales in November 2014.  Not unusual for this time of year with sales down 65% over prior month.     As this is one of the RI coastal real estate waterfront beach towns to reside in, Narragansett offers a variety of property choices.   Let us take a look at what this market is doing this month in home sales… The Narragansett home sale market November 2014 update is as follows:    Properties active and on the market: 133 Single-family properties sold in the month: 11  Average sales price: $ 455,000  Sales price to list price ratio: 92%  Average days on the market: 111  Sales currently pending: 13 Narragansett homes sale absorption rate increased to 11 months worth of home...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Multi Million Dollar House Built on the Wrong Land to be Moved This has been a 5 year battle to have this Narragansett Multi Million Dollar House Built on the Wrong Parcel of Land to be moved from its location to its right location.  The Superior Court just decided that the deadline is December 31st for this $1.8 million oceanfront Narragansett RI real estate home that was mistakenly built on the Rose Nulman Park land in 2010.  Not only must this three story home at 1444 Ocean Road be relocated to the right property next door but the septic system and driveway of this house must be removed and restored for the Park.   Sounds like a crazy story, right?  What builder in his right mind would build on the wrong parcel of Narragansett oceanfront land?  Well according to court do...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Narragansett Home Sale Update October 2014    The Narragansett RI home sale update for October 2014 is continuing its upward trend.   In fact, this Narragansett real estate market is up by 15% in home sales this month over prior month.  Overall the Narragansett home sale market is up 8% this year through October as compared to same time period in 2013.  Home sale equity values increased slightly, by .4%, over this same time period.       As this is one of the RI coastal real estate waterfront beach towns to reside in, Narragansett offers buyers property choices.  The choice of beaches is numerous here and you may buy one of your own if you so choose. The Narragansett home sale market October 2014 update is as follows: Properties active and on the market: 146  Single-family properties so...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
  Narragansett Home Market Report September 2014   The Narragansett RI real estate market update for September 2014 is continues strong in home sales from the prior month.   In fact, this Narragansett real estate market is up by 13% in home sales this month over August.  Overall the Narragansett home sale market is up 4% this year through September as compared to same time period in 2013.  Home sale values decreased slightly, by 1%, over this same time period.   As this is one of the RI coastal real estate waterfront beach towns to reside in, Narragansett offers a variety property choices.  The choice of beaches is numerous here and you may garner one of your own if you have the deep pockets for it. The Narragansett home sale market September 2014 update is as follows: Properties active...
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Narragansett, RI Real Estate Professionals