Narragansett Home Market Update February 2016
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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