As we move into the second week of August, we are starting to feel a slight shift in the local real estate market. Overpriced inventory is resulting in longer days on market average and an increasing number of homes are experiencing price adjustments. Pairing that with an optimistic forecast on interest rates, a tough week in the stock market, and the dog days of summer upon us – the next month will be interesting to monitor. Properties priced appropriately continue to sell quickly, with sellers gradually realizing that market dynamics should dictate their expectations within a few weeks of being listed.
We can continue to expect a competitive landscape and a deeper buyer pool due to the influx of visitors to our community. For sellers, this high demand coupled with low supply presents a prime opportunity to list their homes and potentially secure favorable deals. Recent sales in Newport County underscore these market dynamics. Quick sales and competitive bidding wars are common, highlighting the need for buyers to be both prepared and proactive.
Navigating this competitive market can be difficult, but working with an experienced real estate professional can provide significant advantages. Tyler Bernadyn, co-owner of RE/MAX Results, offers expert guidance and support throughout the home buying and selling process. With deep local knowledge and a commitment to client satisfaction, Tyler can address any inquiries or concerns, ensuring a smooth and successful real estate transaction.
Tyler is dedicated to helping clients achieve their real estate goals. For questions or personalized assistance, and to explore your options in today’s market, contact Tyler directly at 401-241-1851 or via email at TylerB@resultswithremax.com.
Click here to see WHAT SOLD last week
Middletown
- 124 Cornelius Drive
Price: $3,200,000
Type: Contemporary
Bedrooms: 4
Bathrooms: 4
Half Bathrooms: 0
Square Footage: 3,626
Days on Market: 155 - 181 Honeyman Avenue
Price: $1,675,000
Type: Other
Bedrooms: 5
Bathrooms: 3
Half Bathrooms: 1
Square Footage: 3,063
Days on Market: 19 - 260 Valley Road
Price: $715,000
Type: Contemporary
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,526
Days on Market: 95 - 31 Rosedale Terrace
Price: $500,000
Type: Ranch
Bedrooms: 3
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 912
Days on Market: 80 - 310 Corey Lane
Price: $810,000
Type: Town House
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,521
Days on Market: 29 - 510 Corey Lane
Price: $601,500
Type: Town House
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 1
Square Footage: 1,460
Days on Market: 4 - 55 John Clarke Road, Unit#12
Price: $400,000
Type: Other
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 1
Square Footage: 1,022
Days on Market: 90 - 55 John Clarke Road, Unit#11
Price: $400,000
Type: Other
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 1
Square Footage: 1,022
Days on Market: 90 - 203 Fenner North Avenue
Price: $350,000
Type: One Level
Bedrooms: 1
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 675
Days on Market: 42
Newport
- 27 Atlantic Avenue
Price: $4,600,000
Type: Contemporary
Bedrooms: 4
Bathrooms: 3
Half Bathrooms: 1
Square Footage: 2,732
Days on Market: 69 - 45 Third Street
Price: $2,360,000
Type: Colonial
Bedrooms: 5
Bathrooms: 3
Half Bathrooms: 0
Square Footage: 3,379
Days on Market: 101 - 253 Broadway
Price: $1,800,000
Type: Victorian
Bedrooms: 9
Bathrooms: 3
Half Bathrooms: 1
Square Footage: 4,736
Days on Market: 65 - 244 Gibbs Avenue
Price: $1,800,000
Type: Bungalow
Bedrooms: 5
Bathrooms: 2
Half Bathrooms: 1
Square Footage: 2,348
Days on Market: 98 - 9 Underwood Court
Price: $1,270,000
Type: Colonial
Bedrooms: 5
Bathrooms: 3
Half Bathrooms: 0
Square Footage: 2,158
Days on Market: 43 - 348 Broadway Street
Price: $1,250,000
Type: Victorian
Bedrooms: 5
Bathrooms: 3
Half Bathrooms: 1
Square Footage: 2,498
Days on Market: 11 - 19 Sheffield Avenue
Price: $1,030,000
Type: Colonial, Victorian
Bedrooms: 4
Bathrooms: 2
Half Bathrooms: 1
Square Footage: 1,712
Days on Market: 12 - 60 Dixon Street
Price: $699,000
Type: Cottage
Bedrooms: 3
Bathrooms: 1
Half Bathrooms: 1
Square Footage: 1,571
Days on Market: 64 - 70 Carroll Avenue, Unit#112
Price: $390,000
Type: One Level
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 708
Days on Market: 80 - 401 Broadway
Price: $1,300,000
Type: Up/Down
Bedrooms: 7
Bathrooms: 5
Half Bathrooms: 0
Square Footage: 2,907
Days on Market: 14 - 19 Admiral Kalbfus Road
Price: $792,400
Type: Other, Side/Side
Bedrooms: 5
Bathrooms: 4
Half Bathrooms: 1
Square Footage: 2,444
Days on Market: 3
Portsmouth
- 75 Fountain Avenue
Price: $1,250,000
Type: Cape Cod
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,650
Days on Market: 34 - 51 Bristol Ferry Road
Price: $840,000
Type: Colonial
Bedrooms: 4
Bathrooms: 3
Half Bathrooms: 0
Square Footage: 2,132
Days on Market: 64 - 161 Massachusetts Boulevard
Price: $600,000
Type: Cape Cod
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,442
Days on Market: 12 - 85 Sherwood Terrace
Price: $590,000
Type: Cape Cod
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,414
Days on Market: 61 - 78 King Phillip Street
Price: $415,000
Type: Colonial
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 728
Days on Market: 24 - 36 Cedar Avenue
Price: $380,000
Type: Bungalow
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 1,178
Days on Market: 161 - 108 Oakland Farm Road
Price: $595,000
Type: One Level
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 2,006
Days on Market: 0
Tiverton
- 186 Leger Lane
Price: $869,900
Type: Colonial
Bedrooms: 4
Bathrooms: 2
Half Bathrooms: 1
Square Footage: 2,637
Days on Market: 19 - 38 Bonniefield Drive
Price: $815,000
Type: Cape Cod
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,754
Days on Market: 38 - 130 Bramble Way
Price: $485,000
Type: Ranch
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,569
Days on Market: 15 - 114 Grinnell Avenue
Price: $450,000
Type: Ranch
Bedrooms: 3
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 1,008
Days on Market: 7 - 289 Judson Street
Price: $420,000
Type: Cape Cod
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 1
Square Footage: 1,312
Days on Market: 46 - 53 Blue Jay Street
Price: $330,000
Type: Manufactured/Mobile, Ranch
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,352
Days on Market: 6 - 26 Blackbird Court
Price: $265,000
Type: Manufactured/Mobile
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,188
Days on Market: 73
45 Starboard Drive, Unit#370
Price: $799,000
Type: High Rise, One Level
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,650
Days on Market: 1
