1 - Island Realty

Spring 2016
Local Expertise. World Class Results.
Jamestown Local & Real Estate News by:
Island Realty
4 East Ferry Wharf • 401.423.2200 • islandrealtyri.com
List Price
$625,000
$268,500
$739,000
$835,000
$2,475,000
$599,900
$645,000
$589,000
$999,999
$385,000
$1,045,000
$725,000
$875,000
$1,395,000
$1,400,000
$550,000
$950,000
$319,900
*Indicates Island Realty’s participation on the sale.
Information gathered from the statewide MLS.
SUMMIT AVE
#16 Middle St
#17 Broad St./
Park Dock
G1
G8
#12 Capstan St
N
AL
COLUMB
I
#11 Sunset Beach
EACH
IN
VE
LA A
N MAIN RD
#7 Garboard St
G2
#6 Spirketing St
SIDE
DR
SEA
BEACON AVE
#5 Steamboat St
ge
æ
A
#18 Carr Ln
Jamestown
Reservoir
G13
#19 Decatur Ave
G12
#4 Spindrift St
G4
#3 Eldred Ave
#2 Hull St
G6
#20 East Shore Rd Park
#21 Potter's Cove
#1 Mast St
G7
#39 West Ferry
#22 Taylor's Point
VI
E W DR
Newp
ort
Bridg
e
BA
Y
Dutch
Island
No 2 Priority Sites
CONANICUS AVE
Potters
Cove
NORTH RD
G5
NORTH
KINGSTOWN
No 1 Priority Sites
Cranston
Cove
FRIGATE ST
Island
Gould
G9
own Brid
GO
O
ND
Head's
Beach
E SHORE RD
Jamest
TR
E P I D LN
CAPSTAN ST
#8 Shores Beach
G3
Y
W
DR
#9 Bucaneer Way
G11
ERIC A
AM
W EST R
#10 Champlin Way
G10
Other States
Did you know that there are 39 public rights of way to the
shoreline
Rights-of-Way
in Jamestown? The most popular points of water access are at
Mackerel Cove, Beavertail State Park, Fort Getty and Fort Wetherill,
enjoyed by both local residents and tourists. The adjacent map
highlights the smaller rights of way throughout Jamestown. The
rights of way are varied in the types of enjoyment they provide for
the visitor. Some rights of way offer points of access for fishing,
swimming and boating, while others may have walking trails. There
are locations that provide a quiet place to view the shoreline without
direct water access. At this time not all of the rights of way are in a
condition that makes them easily accessible. The Jamestown
Conservation Commission is collaborating with a local volunteer
group, The Friends of the Jamestown Rights of Way, to identify sites
that would benefit from improvements.
-Joyce Antoniello
#15 Fairview St
Bay
#13 Wickford Ave
TOWN OF
JAMESTOWN
One of Rhode Island’s most important environmental
RHODE ISLAND
features is its magnificent shoreline. Rights of way
provide shore access to innumerable beautiful areas.
Map Legend
Rhode Island Coastal Resource Management Council (CRMC)
has
Features
the responsibility to ensure that public access to the shore
is
Highways
Roadsbenefit
protected, maintained and where possible, enhanced for the
of all. Rhode Island defines state waters of public domainBoundaries
as
Jamestown
RI Municipal
extending from the mean high water three miles out to sea.
Conanicut Point
#14 Gov't Lot 226
2013
SHORELINE ACCESS:
Existing and Potential
Rights-of-Way
Na rr
We Look Good Everywhere!
Address
4 STANDISH ROAD*
20 SPANKER STREET*
115 HAMILTON AVENUE
560 SEASIDE DRIVE
157 BEAVERTAIL ROAD*
21 HELM STREET*
20 LAWN AVENUE*
82 HOWLAND AVENUE*
164 COLUMBIA LANE*
4 BOOM STREET*
50 CEDAR HILL DRIVE
36 MAPLE AVENUE
21 PIERCE AVENUE
16 LEDGE ROAD*
16 GREEN LANE
53 OCEAN AVENUE
40 WEST BAY VIEW DRIVE
81 STERN STREET
s ett
Back (from left): Elaine Infantolino, Dinny Burgin, Michael Dym,
Dianne Grippi; Front (from left): Carol Hopkins & Beaux ‘the Wonder
Dog’, Robin Tregenza, Joyce Antoniello, Petra Laurie, Ginny Prichett, &
Mary Beth Murphy (missing are Dan Shapiro & Sonya Morton-Ranney)
Jamestown Recent Home Sales
Sold date
12/4/15
12/7/15
12/18/15
12/18/15
12/18/15
12/22/15
1/8/16
1/11/16
1/15/16
1/19/16
1/27/16
2/1/16
2/3/16
2/3/16
2/3/16
2/4/16
2/4/16
2/5/16
agan
Photo taken at the Jamestown Philomenian Library.
For programs & events, visit jamestownphilomenianlibrary.org
No 3 Priority Sites
#38 Maple Ave
No reccomendation until further
review
NARRAGANSETT AVE
Ü
Justin Jobin, Erin McKinley
Marianne Diffin
Jamestown GIS Dept.
March 2013
E
AV
#35 Arnold St
#24 High St
WALCOTT AVE
WES
T
SO
UTH
HAMILTON AVE
HIGHLAND DR
Mackerel
Cove
#36 The Battery
#23 East Ferry
HIGH ST
FORT GETTY RD
The
Dumplings
FO
RT
WET
HE
#25 Former Rd
at Dumplings
D
R IL L R
#26 Ft. Wetherill
Extention
BEAVERTAIL R D
This map is not the product of a Professional Land Survey.
It was created by Jamestown GIS Dept. for general
reference, informational, planning or guidance use, and is
not a legally authoritative source as to location of natural
or manmade features. Proper interpretation of this map
may require the assistance of appropriate professional
services.
The Town of Jamestown makes no
warranty, express or implied, related to the spatial accuracy,
reliability, completeness, or currentness of this map.
Sheffield Cove
#37 Ft Getty
Town Park
CRMC ROW Designation
NARRAGANSETT
Island Realty’s websites are now
optimized to give you a smooth,
user-friendly search experience from
every device that you use - Tablets,
Computers, and Mobile Devices!
Visit us at:
islandrealtyri.com &
newportjamestownrentals.com
G
#27 Ft. Wetherill State Park
#34 Bonnet View Dr
#28 Mackerel Cove Beach
#33 Franklin Hollow
#29 Hull's Cove
NEWPORT
#30 Grey Gull Ln
Location Inset
#31 Clarke's Village
CT
MA
#32 Beavertail State Park
Beavertail Point
0
0.25
0.5
1
Miles
Find this map at Jamestownri.gov
2015 Market Share of Jamestown
35 Other
Companies
Mansions &
Manors
6
Lila Delman
Jamestown
36
Island
Realty
47
100 Properties Sold in Jamestown in 2015.
Island Realty participated in the highest number of sold
properties AND sold the highest volume in dollars!
$79,793,249 worth of real estate sold in Jamestown
$36,854,000 sold by Island Realty
$26,486,433 sold by Lila Delman Jamestown
$7,761,500 sold by Mansions & Manors
We sold $28,912,000 of our own listings and participated
in $15,908,000 of the selling side of properties closed!
*Data gathered from the Statewide Multiple Listing Service.
Solds include Single Family, Condos, Multi-Family, & Vacant Land.
CHANGES ON THE WATERFRONT IN
JAMESTOWN...WHY NOW?
In 2015, 10 waterfront homes sold and 4 waterfront vacant land
properties sold. During the same period in 2014, only 6 waterfront
homes and 2 waterfront vacant land properties sold. In 2013,
5 waterfront homes sold. There were no waterfront vacant land sales.
A closer look at the history of the inventory may tell some of the story
behind the increased sales. Many of the homes that sold this year had
been on the market for more than a few years. At the same time that
the waterfront market was underperforming, the number of homes
available increased, putting pressure on pricing if owners truly wanted
to sell. The increase in competition in the market was followed by
significant price reductions in nearly all cases, as owners who wanted to
divest themselves of their waterfront property became more willing to
negotiate. This resulted in buyers being motivated by good value, while
sellers were able to negotiate an acceptable price in order to sell.
Why do buyers buy? Good value accompanied by financial readiness,
a positive outlook, appropriate timing…and that “perfect” waterfront
location or home. Stay tuned for 2016! Inventory in the waterfront
market is down and buyers still seem motivated to find that “right”
property on the water in Jamestown.
-Ginny Prichett
*Included in the 35 Other Companies: Gustave White/Sotheby’s,
Keller Williams, Randall Realtors, Residential Properties, RE/MAX
A quick look at the last 3 years of waterfront sales
shows that 2015 was an outstanding year.
Waterfront Single Family Home Sales - A 3 Year Comparison
12
10
8
6
Single Family
Vacant Land
4
2
0
2015
Jamestown By The Numbers
$64,135,943
$79,793,249
67
79
17.91
$430,000
$585,000
155
149
3.8
Dollar volume of all sold Jamestown real estate in 2014
Dollar volume of all sold Jamestown real estate in 2015
Single Family Home Sales in 2014
Single Family Home Sales in 2015
% Increase in Home Sales
Median Single Family Sales Price 2014
Median Single Family Sales Price 2015
Average days on market for Single Family Homes in 2014
Average days on market for Single Family Homes in 2015
% Decrease in Days on Market
2014
2013
Something to think about
In 2015, the 5 busiest months for home
closings in Jamestown were:
1. June (11)
2. July (11)
3. October (11)
4. September (9)
5. November (7)
The average DOM (days on market) for sold
homes in 2015, was 149. This means that
properties took on average 5 months to close.
So, is it a good time to list your property, or
keep it on the market?...
YES!
Real
Estate
Party
Talk!
The parties I go to all revolve around good food, friends and conversation. Some topics, like
politics, might be best left off the list, leaving lots of time to chat about real estate.
Everyone wants to know, who bought the house on this street? Will they be living
there full time? How much did the house sell for? How much do you think my home
would sell for? Here are some other frequently asked questions:
Should I use my own Realtor®, or try to find my own house?
Of course, I highly recommend using a Realtor®. A Realtor® looks out for your best
interests, can give you pertinent information about the area, and can give you
guidance as to where to find information should you want to hear it first person.
People often want to know tax rates, zoning information, or suggestions for home
inspectors. And down the road, your Realtor® is a valuable resource for many
questions you haven’t even thought of yet!
Home inspections scare me!
This can be heard from a
Seller, and sometimes a Buyer!
Sellers should prepare their
homes in the best possible way
to be ready for a Buyer, and
price the home accordingly.
Buyers want to purchase a
safe, healthy home, and both
sides should be prepared to
take on some projects if they
really want to sell or buy.
How much can I really afford?
In order to determine how much you can
afford, you need to understand debt to
income ratios, and you should know your
credit rating. It is always a good idea to
have your Realtor® recommend a few
lenders to help you with this. You may
have a financial advisor you already know,
and a pre-approval or financial ability
letter almost certainly will be necessary to
accompany any future offer. So the time to
get the ball rolling is before you begin!
I have a really big list of things I want,
how do I get them all?
The truth is, you cannot always fulfill
your entire ‘wish list’. There will be
some things you can’t live without,
and some things that are not truly
essential that can perhaps be added
down the road. Have an open mind!
What’s the most important
factor when selling my home?
Okay, here it is: price and condition!
The first step is to price your home
correctly. Use your Realtor® to help
you set a price that is realistic. Go
through your home and repair any
obvious cosmetic defects. You also
might consider making major repairs,
like replacing a roof. Items like this will
show up in a home inspection, and
could result in losing a potential Buyer.
ally,
FinWhen
choosing a Realtor® and listing office, choose one that knows your local
market, will give your home the exposure it deserves, and provide responsive
service. Look at their statistics, look at their internet presence and interview
them. The next time you’re at a party, ask your friends and neighbors about
their experiences! Everyone loves Real Estate Party Talk!
-Dianne Grippi
Here’s where our Buyers came from in 2015 (47 Jamestown sales)....
32
Rhode Island
3
Massachusetts
2
Maryland
*And of our waterfront sales, 50% came from Rhode Island!
1
CT, NJ, IA, IL, UT, VA, FL,
TN, SC, London UK
upcoming events
FEBRUARY
12-21
12
15
18
21
27
28th Annual Newport Winter Fest
Jamestown Schools Closed - Professional Development
Jamestown Schools Closed - Presidents Day
Jamestown Arts Center - Film: RIIFF ‘Love Shorts’
Jamestown Arts Center - Concert: Jay Primiano &
Neal Yeomans
Jamestown Arts Center - Concert: Newport String Project
MARCH
6
11
12
17
25
Jamestown Community Piano Concert - Henry Kramer
Jamestown Arts Center - Exhibit: Richard Polsky Opening
60th Annual St. Patrick’s Day Parade - Newport
Jamestown Arts Center - Film: RIIFF Irish/UK Shorts
Jamestown Schools Closed - Good Friday
APRIL
1-3
Jamestown Community Theatre - ‘I Never Saw Another
Butterfly’
1-10 Newport Restaurant Week
1-30 Daffodil Days at Blithewold - Bristol
3
Jamestown Bridge 10k/5k
4
Jamestown Community Piano Concert - Henry Kramer
15-22 Jamestown Schools Closed - Spring Recess
30
Jamestown Community Chorus Concert - ‘Our Favorites’
30
Jamestown Baseball Opening Day Parade
MAY
1
8
15
28
30
Jamestown Community Chorus Concert - ‘Our Favorites’
Jamestown Community Piano Concert - Manabu Takasawa
Payton‘s Pace 5k & Youth Run - Fort Getty
Jamestown-Newport Ferry begins service
Jamestown Schools Closed - Memorial Day
Island Realty Properties For Sale
Jamestown-Shoreby Hill. Historic Colonial Revival with panoramic water views.
Expansive wraparound porch. Original details throughout. $3,900,000
Jamestown-Beavertail. Extraordinary ocean front property available for the first time in half a century.
Beach front setting with sweeping ocean views. Rare location on secluded Hull Cove beach. $2,400,000
Jamestown-West Ferry. Architecturally detailed waterfront home with custom
woodwork throughout. Apartment, beach, moorings, and sunsets! $2,795,000
Jamestown-South of Village. Water view Cape with superior craftsmanship. Three
bedrooms, two fireplaces, and custom designed guest house. Near the ferry. $1,495,000
Jamestown-Shoreby Hill. Gorgeous custom designed home with two-story
stone fireplace, dream kitchen, home theatre, library & more. $1,425,000
Jamestown Place Penthouse. Exquisite condo with three bedrooms and 3,000 sq. ft.
Premium finishes, Great Room with fireplace, indoor parking & 2 decks. $1,295,000
Jamestown. Spectacular East Passage location with
nothing between the house and the bay. $985,000
Jamestown-Town. Custom details & bordering
the Jamestown Golf Course. $849,000
Jamestown-East Shore. Extraordinary water views,
den, fireplace, oversized one car garage. $799,000
Jamestown Place Condo. Two bedrooms & 1,600
sq. ft. Gourmet kitchen, indoor parking. $735,000
Jamestown-Beavertail. Private neighborhood water
access. Central a/c and great rental history. $549,000
Jamestown-West Reach Estates. Ranch with
2 fireplaces, 2-car garage & 2 acres. $499,000
Jamestown-Village. Ranch on almost a half acre. Lush
gardens, fireplace, garage, & slate patio. $499,000
Jamestown-Shores. Three bedrooms, updated
kitchen & baths, new carpet, & large lot. $464,500
1.49 Acres on Dutch Harbor with a Dock
Enjoy gorgeous sunsets from this rare
waterfront lot with 150’ of water frontage.
$1,300,000
Jamestown-Shores. Two bedrooms, central air,
deck, fenced yard & near water access. $439,000
Jamestown-Shores. Two bedroom Bungalow perfect
for weekend getaway or year round. $279,900
Jamestown-Shores. Fantastic potential! Adjacent
lot, separately owned, also available. $189,000
0.193 Acres in the Shores
Located near Sunset Beach. Also available
is adjacent home, with separate ownership
(Home - MLS #1097872).
$49,900