Welcome to this week’s edition of “On the Market,” where we highlight the latest real estate opportunities featuring public showings across Newport County.
Open houses offer an excellent opportunity to explore the market, particularly during a holiday weekend when you may have more time to search for your dream home. In today’s competitive landscape, where inventory has been limited, these events provide a convenient way to tour multiple properties and gain a better understanding of what’s available. This weekend, 34 homes will be open for viewing across Newport County, showcasing everything from charming historic homes to modern waterfront estates. Whether you’re seeking a quaint coastal retreat or a new family residence, there’s something for everyone.
In tandem with our open house highlights, the Aquidneck Island market is witnessing significant activity. Median sales prices for single-family homes have hit a new high of $977,000. The market remains tight as a result of the continued trend of low inventory. Although demand remains high, we are starting to see more price reductions and longer days on market, and the feeling of a slight shift or market correction is imminent.
Interest rates have been fluctuating recently, with a notable bounce back following employment news this week. Many consumers continue to grapple with concerns about affordability, especially with conventional loan rates lingering in the low 6% range. Despite these challenges, Aquidneck Island continues to be a highly sought-after community and to many is considered a “bubble market”, differentiating itself from many other areas in Rhode Island.
Guiding you through this complex market is Tyler Bernadyn, co-owner of RE/MAX Results. With extensive experience, deep local knowledge, and a commitment to his clients, Tyler is prepared to assist with all your real estate needs. For inquiries about specific properties or to discuss market trends, feel free to reach out to him directly at 401-241-1851 or via email at TylerB@resultswithremax.com. See you this weekend House Hunters!
Click here to see what’s ON THE MARKET this weekend.
Open Houses on Saturday, October 12, 2024
Middletown
- 114 Ridgewood Road
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $575,000
- Bedrooms: 3
- Bathrooms: 2
- MLS#: 1369714
Newport
- 1 Guerney Court
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $1,000,000
- Bedrooms: 2
- Bathrooms: 2/1
- MLS#: 1370650
Portsmouth
- 97 Turnpike Avenue
- Property Type: Single Family
- Time: 9:30AM-11:30AM
- Price: $415,000
- Bedrooms: 2
- Bathrooms: 1
- MLS#: 1369607
- 34 Valley Lane #34
- Property Type: Condominium
- Time: 1:00PM-3:00PM
- Price: $530,000
- Bedrooms: 2
- Bathrooms: 2
- MLS#: 1370314
- 136 Norseman Drive
- Property Type: Single Family
- Time: 11:30AM-1:00PM
- Price: $699,000
- Bedrooms: 1
- Bathrooms: 2/2
- MLS#: 1370590
- 196 Sea Meadow Drive
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $1,195,000
- Bedrooms: 4
- Bathrooms: 2/1
- MLS#: 1370537
- 030 Madison Avenue
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $689,000
- Bedrooms: 4
- Bathrooms: 2/0
- MLS#: 1368676
Tiverton
- 61 Haskins Avenue
- Property Type: Single Family
- Time: 1:00PM-2:00PM
- Price: $322,900
- Bedrooms: 2
- Bathrooms: 1
- MLS#: 1369250
- 25 Highland Court
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $629,900
- Bedrooms: 3
- Bathrooms: 2/1
- MLS#: 1369458
- 270 Riverside Drive
- Property Type: 2-4 Units Multi Family
- Time: 11:00AM-12:30PM
- Price: $890,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1361811
Open Houses on Sunday, October 13, 2024
Jamestown
- 77 Mast Street
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $749,000
- Bedrooms: 2
- Bathrooms: 1/1
- MLS#: 1367766
Little Compton
- 11 Ocean Drive
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $1,975,000
- Bedrooms: 3
- Bathrooms: 2
- MLS#: 1365995
Middletown
- 114 Ridgewood Road
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $575,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1369714
- 42 Pequot Lane
- Property Type: Single Family
- Time: 11:00AM-1:30PM
- Price: $784,000
- Bedrooms: 3
- Bathrooms: 1/1
- MLS#: 1367797
Newport
- 1 Guerney Court
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $1,000,000
- Bedrooms: 2
- Bathrooms: 2/1
- MLS#: 1370650
Portsmouth
- 296 West Shore Road
- Property Type: Single Family
- Time: 1:00PM-2:30PM
- Price: $1,150,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1369766
- 57 Immokolee Drive
- Property Type: Condominium
- Time: 12:00PM-2:00PM
- Price: $995,000
- Bedrooms: 2
- Bathrooms: 2/1
- MLS#: 1369092
- 1 Tower Drive #504
- Property Type: Condominium
- Time: 10:30AM-11:30AM
- Price: $450,000
- Bedrooms: 1
- Bathrooms: 2
- MLS#: 1369823
Tiverton
- 61 Haskins Avenue
- Property Type: Single Family
- Time: 1:00PM-2:00PM
- Price: $322,900
- Bedrooms: 2
- Bathrooms: 1
- MLS#: 1369250
- 39 Hilton Street
- Property Type: Single Family
- Time: 1:00PM-3:00PM
- Price: $360,000
- Bedrooms: 2
- Bathrooms: 1
- MLS#: 1368721
Open Houses on Monday, October 14, 2024
Jamestown
- 168 Seaside Drive
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $1,875,000
- Bedrooms: 2
- Bathrooms: 2/1
- MLS#: 1359010
