In this week’s edition of What Sold, we take a look at Newport County’s real estate market. Last week eleven homes changed hands, reflecting the continued momentum in the housing sector. However, amidst these transactions lies a compelling narrative for property owners contemplating a sale: the historically low levels of available inventory.
As we inch closer to summer, a time when the allure of Newport County’s picturesque landscapes and vibrant community peaks, positioning your property for sale now can yield unparalleled exposure and potentially maximize returns. The scarcity of homes on the market has created a favorable environment for sellers, where demand often outstrips supply, driving up prices and creating competitive bidding scenarios.
For homeowners mulling over the decision to sell, this is a pivotal moment to capitalize on market dynamics that heavily favor sellers. With fewer properties available for prospective buyers to choose from, listings tend to attract heightened attention and fetch premium prices.
Tyler Bernadyn, co-owner of RE/MAX Results, attests to the opportune timing for sellers, stating, “Now is the perfect window of opportunity for property owners considering a sale. The current market conditions, characterized by historically low inventory levels, make it an ideal time to list your home. With summer just around the corner, there’s no better time to position your property for sale to tap into the heightened demand and secure the best possible return.”
It’s essential to understand the importance of strategic timing in the real estate market, especially as the seasonal dynamics of Newport County come into play. As warmer weather beckons, prospective buyers are eager to settle into their dream homes before the peak of summer, driving up demand and intensifying competition among buyers.
If you’re curious about the local market or eager to explore the potential value of your home in today’s competitive landscape, Tyler Bernadyn invites you to reach out directly at 401-241-1851 or via email at TylerB@resultswithremax.com. With his wealth of experience and dedication to client satisfaction, Bernadyn is committed to guiding you through every step of the selling process and helping you unlock the full potential of your property in Newport County’s dynamic real estate market.
Middletown
1. 84 Allston Avenue, Middletown
- Property Type: Raised Ranch
- Price: $970,000.00
- Bedrooms/Bathrooms: 4 beds, 2 baths
- Square Footage: 1,326 sqft
- Days on Market: 6
2. 26 Pocahontas Drive, Middletown
- Property Type: Ranch
- Price: $580,000.00
- Bedrooms/Bathrooms: 3 beds, 1 full bath, 1 half bath
- Square Footage: 1,506 sqft
- Days on Market: 88
Newport
3. 14 Barney Street, Newport
- Property Type: Colonial
- Price: $1,206,000.00
- Bedrooms/Bathrooms: 3 beds, 3 full baths, 1 half bath
- Square Footage: 1,290 sqft
- Days on Market: 122
4. 17 Hall Avenue, Newport
- Property Type: Cottage
- Price: $625,000.00
- Bedrooms/Bathrooms: 2 beds, 2 baths
- Square Footage: 985 sqft
- Days on Market: 12
5. 1 Oakwood Terrace, Unit#1, Newport
- Property Type: One Level (Condo)
- Price: $525,000.00
- Bedrooms/Bathrooms: 1 bed, 1 bath
- Square Footage: 855 sqft
- Days on Market: 70
6. 17 Cranston Avenue, Newport, RI
- Property Type: Up/Down (Multi-Family)
- Price: $750,000.00
- Bedrooms/Bathrooms: 7 beds, 3 baths
- Square Footage: 3,150 sqft
- Days on Market: 64
Portsmouth
7. 316 Mail Coach Road, Portsmouth
- Property Type: Ranch
- Price: $429,000.00
- Bedrooms/Bathrooms: 3 beds, 1 bath
- Square Footage: 1,056 sqft
- Days on Market: 22
8. 103 Canton Avenue, Portsmouth
- Property Type: Cape Cod
- Price: $580,000.00
- Bedrooms/Bathrooms: 2 beds, 1 full bath, 1 half bath
- Square Footage: 1,300 sqft
- Days on Market: 5
9. 157 Newport Beach Drive, Portsmouth, RI
- Property Type: Cottage
- Price: $3,050,000.00
- Bedrooms/Bathrooms: 4 beds, 5 full baths, 2 half baths
- Square Footage: 4,200 sqft
- Days on Market: 0
10. 361 Freedom Trail Drive, Portsmouth, RI
- Property Type: Colonial
- Price: $803,933.00
- Bedrooms/Bathrooms: 3 beds, 2 full baths, 1 half bath
- Square Footage: 2,000 sqft
- Days on Market: 0
11. 142 Young Drive, Town House, Portsmouth, RI
- Property Type: Town House
- Price: $690,000.00
- Bedrooms/Bathrooms: 3 beds, 3 baths
- Square Footage: 1,991 sqft
- Days on Market: 3