Jamestown Local & Real Estate News by:Local Expertise. World Class Results.

Island Realty4 East Ferry Wharf • 401.423.2200 • islandrealtyri.com

(From left): Robin Tregenza, Joyce Antoniello, Petra Laurie, Michael Dym, Ginny Prichett, Mary Beth Murphy, Carol Hopkins, Elaine Infantolino, Brenda Hawkins, Dinny Burgin,

Sonya Morton-Ranney, and Dianne Grippi (missing is Dan Shapiro)

Jamestown Recent Home Sales

11/1/16 6 BLUEBERRY LANE* $1,795,00011/1/16 95 MELROSE AVENUE* $2,650,00011/3/16 13 HARBOR STREET $435,00011/4/16 60 STEAMBOAT STREET $435,00011/7/16 4 MIZZEN AVENUE $349,00011/10/16 6 WALCOTT AVENUE* $1,525,00011/18/16 128 GARBOARD STREET $479,00011/30/16 3 SWINBURNE STREET $439,00011/30/16 56 OCEAN AVENUE* $875,00012/1/16 113 FRIGATE STREET* $140,00012/8/16 65 HELM STREET $299,99912/8/16 9 MARCELLO DRIVE $510,00012/9/16 22 SCHOONER AVENUE $186,500

12/12/16 9 FOWLER STREET* $299,00012/14/16 2 SAIL STREET* $449,00012/16/16 162 AMERICA WAY* $619,00012/19/16 433 SCHOONER AVENUE* $549,90012/20/16 130 BEAVERTAIL ROAD $2,500,00012/29/16 186 BEACH AVENUE* $435,0001/6/17 7 NEWPORT STREET $2,250,0001/9/17 50 STEAMBOAT STREET $409,0001/10/17 121 CARR LANE* $689,0001/13/17 177 BEAVERTAIL ROAD* $2,900,0001/19/17

Sold Date Address List Price

126 HIGHLAND DRIVE $2,399,0001/20/17 17 SHIP STREET $419,9001/31/17 140 AMERICA WAY* $689,0002/13/17 143 LONGFELLOW ROAD $1,595,000

Sold Date Address List Price

*Indicates Island Realty’s participation in the sale. Information gathered from the Statewide MLS (Fusion).

To better accommodate our clients, agents, and staff we are doubling our space! Please pardon our appearance, but know that we are still here and doing full business. You can find us in the back of our existing office at 4 East Ferry Wharf, all closely working together in anticipation of a fabulous new& modern office this spring.Stop in and see us...if you dare!

Island RealtyIs Expanding!

Spring 2017

Under Construction

$79,793,249 Dollar volume of all sold Jamestown real estate for 2015

$87,097,324 Dollar volume of all sold Jamestown real estate for 2016

9% Increase in Property Sales

100 Total Number of Property Sales in Jamestown for 2015

130 Total Number of Property Sales in Jamestown for 2016

$582,000 Median Sales Price in Jamestown for 2015

$527,500 Median Sales Price in Jamestown for 2016

174 Average days on market for 2015

141 Average days on market for 2016

Where did our buyers come from in 2016? This includes our sales both in Jamestown & off island.

WHATWhat kind of year was 2016? How did it compare?

When did properties close in 2016?

In 2016, the top 4 busiest months for property closings in Jamestown were:1. July (21)2. April (16)3. May (13)4. December (12)

TIP: Sellers should consider listing homes when most buyers are starting the process of purchasing a property. Can winter be a good time to list?.... YES!

WHY

Of the 19 that sold in this price range, 5 were waterfront homes. Waterfront properties were a great value this year, and signs are indicating they will continue to be next year.

JULY

MAY

DEC

EMBER

APRIL

$87,097,324 worth of real estate soldin Jamestown in 2016

$42,346,000 sold by Island Realty $30,811,750 sold by Lila Delman

$17,606,000 sold by Mansions & Manors

2016 saw a decrease in home prices in the range from $1,000,000 - $2,900,000 (the highest priced property this past year per MLS in Jamestown was not waterfront, but was a Shoreby Hill Classic home with water views).

What fueled this 46 % increase over 2015 and an 18% increase over 2014? There are many factors:> Low interest rates with a promise of increasing rates in late 2016 and into 2017> A lack of rentals across the price ranges was another factor, along with increasing rents for those available> A changing political climate left both buyers and sellers motivated to set their future plans into motion

Jamestown had a larger than average inventory to choose from with the number of competitive buyers at a high. In addition, as the sold properties grew through 2016 it became clear to sellers what they would need to do in order to sell their homes, both in preparation and pricing. Both buyers and sellers felt the “energy” of the market.

37 houses sold that were priced between $300,000 and $499,000. This was the largest number of houses sold within a small range, 10 less than in 2015.

Jamestown experienced 115 single family home sales in 2016 as compared to 79 in 2015, and 67 in 2014!

The average DOM (days on market) for sold properties in 2016 was 141. This means that properties on average, took approximately 5 months to go under contract.

*Last year, 130 properties sold in Jamestown through the Statewide MLS system. This includes single family homes, condominiums, multi-family

units, vacant land, and commercial property.Island Realty participated in 60 sales,

the highest of any company!*For each closed transaction, there was a Listing

Side and a Selling side, resulting in 260 total sides.Island Realty closed 79 sides, the most out of

any company, at a healthy return of 30%!

WHERE

WHEN

10Massachusetts

6Connecticut

4New York

2Florida

2Maryland

1AZ, CA, London UK,

NH, WA

Single Family Statistics

3Pennsylvania

46Rhode Island

*All information on this page gathered from the Statewide MLS (Fusion).

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Island Realty Lila Delman Mansions &Manors

RE/MAX Gustave White/Sotheby’s

KellerWilliams

ResidentialProperties

2016 Market Share of JamestownPr

oper

ties

Sold

READY TO BUY?

READY TO SELL?

NATHANIEL HOPKINSBeing a 5th generation Jamestowner and living in Jamestown his entire life, Nathaniel has had the unique opportunity to observe and learn about the real estate market as he’s grown up. As an Eagle Scout with Troop 1, he has had many opportunities to engage with the commu-nity. He has worked with organizations including the Jamestown Historical

Society and St. Mark's Church, participating in their annual food drive. After graduating from The University of Vermont as a history major and an anthropology minor, he returned to Jamestown and became involved in animal care. His love of the island drew him to pursue a career in real estate, with a desire to assist the team at Island Realty and gain insight for a further specialization in property management.

Welcome Our New Sales Associate

Buying a home can be a daunting process. Here are my recommendationsfor things you should keep in mind:*Shop lenders and get pre-qualified.*Better to cast a wide net first and refine as you go.*Scope-out the neighborhood.*Ignore the furnishings, but study the floor plan.*Eventually youʼll sell your house, so think like a seller.*When you find the perfect home, move fast.*Ask what terms the seller might favor...sometimes price isnʼt everything.*Get a general home inspection.*Get specialized inspections too.*Use a Realtor® and buy the nicest house you can afford within your means.-Michael Dym, Sales Associate

Are you selling your home, but feeling overwhelmed with all your “stuff”?As a Professional Organizer with twenty years of experience, I can help you get your house ready, so that you can list with a Real Estate agent and begin showings! •Room at a time I will work with you to decide what furniture, books, photos, clothing, etc. need to be purged and gather to donate, sell, or trash.•I will help you consider a storage area for extra furniture and packed boxes, whether at an offsite storage site, pod or section of your attic or garage.

•Room at a time I can assist you to determine items you will not be needing that can be packed now. These can be put in labelled boxes, and tucked away in a closet.•Iʼll work with you to clear kitchen & bathroom countertops.•I can help you rearrange furniture to improve traffic flow, and assess room by room what might need to be painted or repaired.•We will pay attention to the outside of your house, clearing walkways and the front entrance.Sonya Morton-Ranney ~ SonyaOrganizes@Cox.net ~ 401.575.0211Golden Circle Member National Association of Professional OrganizersIsland Realty Rental Administrator

FEBRUARY17-26 Winter Fest - Newport17 Jamestown Schools Closed - Professional Development19 Jamestown Library - Intl. Film Series: Theeb (United Arab Emirates)20 Jamestown Schools Closed - Presidents Day26 Jamestown Community Piano Concert - Viktor Valkov

MARCH3-5 Island Moving Company - ‘Mother Goose’ at Rosecliff11 Jamestown Arts Center GALLERY: Bridging Patterns11 St. Patrick’s Day Parade - Newport19 Jamestown Community Piano Concert - Alexandre Moutouzkine27 Newport Restaurant Week

APRIL9 Jamestown Community Piano Concert - Jennifer Chu13-21 Jamestown Schools Closed - Spring Recess17 Jamestown Arts Center EDUCATION: Vacation Camps

MAY6 Jamestown Community Chorus Concert - ‘Songs Americans Sing’6-21 Jamestown-Newport Ferry begins Early Spring Schedule (Sat & Sun)14 Jamestown Community Piano Concert - Manabu Takasawa21 Payton‘s Pace 5k & Youth Run - Fort Getty22 Jamestown-Newport Ferry begins Friday-Sunday service29 Jamestown Schools Closed - Memorial Day

upcoming events

Island Realty has a number of highlyqualified tenants looking for homes!

Demand for year round rentals is very high. If you are considering renting your house, or purchasing an investment property, give us a call. Our expert sales and rental team can help make it work for you!

Visit our easily searchable & dedicated rental website:newportjamestownrentals.com

Mary Beth Murphy & Dan Shapiro, Rental Specialists

Jamestown-Beavertail. Dramatic waterfront with large curved walls of glass to accent the incredible setting. Third floor obervation room & rooftop deck. $5,400,000

island realty properties for sale

Jamestown-West Ferry. The Cottrell House. Village home with stunning water views. Wraparound porch, screened porch, historic details, and separate guest house. $1,875,000

Jamestown-Conanicut Park. Water views! Gracefully designed with exceptional attention to detail. Five bedrooms, sleek kitchen, and wine cellar. $1,495,000

Jamestown-Village. The heart of town! Unique cottage with great rental potential. Four bedrooms, original hardwood floors, and period detailing. $899,000

Jamestown-South End. Captivating & unique getaway nestled into a private setting. This bright abode masters the art of indoor-outdoor living. $875,000

Jamestown-Shores. Water views from this 2 bedroom contemporary. Private location next to Watson Farm. Lovely porch & deck highlight the views. $875,000

Jamestown-Beavertail. Extraordinary oceanfront land with septic approval. 1.35 acres. $2,100,000

Jamestown-Beavertail. Ready to build! Rare 3.5 acre parcel with new septic installed. $995,000

Jamestown-East Shore. Den, fireplace & screened porch. Two master en suites, one with sunroom & one with loft. $825,000

Narragansett-Bonnet Shores. Renovated 4 bedroom home near beaches. Great rental potential. $672,000

Jamestown-Shores. Over an acre! Three bedrooms, 2 baths, fireplace, & master with bath. $429,800

Jamestown-Village. Spectacular ocean views from this 2bd, 2ba condo with fireplace & updates. $625,000

Jamestown-Shores. Pristine 3 bd home with porch, deck, den, master with balcony, & more! $625,000

Jamestown-Shores. Water views and amazing sunsets! Three bedrooms, large lot, & 4 bd septic. $449,000

Opportunity! Purchase home + 7,740 sf corner lot w/approved 2BD ISDS, MLS #1137820. $568,000

Village Location, Near the Beach - 0.31 Acre ParcelGreat location on a dead end street. Close to the beach and convenient to town amenities including restaurants, library, and arts center. $315,000

Jamestown Shores, Near Sunset Beach - 0.17 Acre ParcelA short distance to Narragansett Bay for fishing & swimming. $79,900

Additional Land Opportunities