Eighteen properties changed hands across Newport County last week, with ten of those sales closing above the $1 million mark. The highest priced sale was 297 Black Point Lane in Portsmouth, a beautiful colonial which sold for $1,975,000, and the lowest priced sale was 66 Girard Avenue #106 in Newport, a condominium which sold for $235,000.
The volume of million-dollar-plus transactions underscores the nature of our local market, but it’s impossible to ignore that a shift is underway. The average days on market over the past few months has hovered around 50, a far cry from the days when nearly every listing sparked a bidding war within the first weekend. Buyers today are more strategic, more selective, and less inclined to stretch beyond their comfort zone. With a potential rate cut on the horizon, many buyers (and sellers) are excited for a much welcomed kickstart to the Fall season for home buyers and sellers.
For homeowners looking to offload an asset, the message is clear: set realistic expectations. The run-up in values over the last five years has been historic, and sellers are still in a strong position. That said, “over the moon” price expectations won’t hold up the way they might have in 2021 or 2022. Successful sales right now come from thoughtful pre-listing prep, pricing that positions the property competitively, and professional marketing that puts the home in its best light. Many savvy sellers are even using price as a tool to generate attention and activity rather than waiting for the market to catch up to them.
It’s also worth remembering that while you can’t change things like location or neighborhood, you can control how your home is presented, how it’s priced, and how aggressively it’s marketed. Those factors continue to make all the difference in whether a property lingers or sells.
Working with a local professional who understands these dynamics can help you navigate the market and still take advantage of the incredible equity gains we’ve seen in recent years. If you’re thinking about selling this fall, I’d be happy to schedule a confidential, complimentary consultation to assess your goals. You can reach me directly at 401-241-1851 or TylerB@resultswithremax.com.
On a personal note, a sincere congratulations is in order for my friends who closed on 9 Prospect Lane in Portsmouth. I am so excited for their next chapter and to welcome them to Aquidneck Island!
Here’s a look at what sold last week across Newport County:
Jamestown
67 Spirketing Street — $550,000
Cottage. 2 beds, 1 bath, 0 half baths, 825 sq ft
Days on Market: 25
53 Conanicus Avenue, Unit #5A — $1,400,000
High Rise. 2 beds, 2 baths, 0 half baths, 1,561 sq ft
Days on Market: 117
Little Compton
51 53 Old Harbor Road — $1,890,000
Other, Side/Side. 8 beds, 5 baths, 0 half baths, 5,307 sq ft
Days on Market: 7
Middletown
7 Maloney Lane — $1,354,000
Cape Cod. 3 beds, 2 baths, 0 half baths, 1,967 sq ft
Days on Market: 62
45 Briarwood Avenue — $1,187,000
Cottage. 1 bed, 1 bath, 0 half baths, 544 sq ft
Days on Market: 0
Newport
42 Second Street — $1,775,000
Colonial. 5 beds, 4 baths, 1 half bath, 2,282 sq ft
Days on Market: 54
1 Slocum Street — $1,040,000
Bungalow, Cape Cod. 3 beds, 1 bath, 1 half bath, 1,227 sq ft
Days on Market: 49
53 Admiral Kalbfus Road — $555,000
Cape Cod. 3 beds, 1 bath, 1 half bath, 1,104 sq ft
Days on Market: 30
55 Homer Street, Unit #B — $365,000
Town House. 2 beds, 1 bath, 1 half bath, 980 sq ft
Days on Market: 86
66 Girard Avenue, Unit #106 — $235,000
One Level. 1 bed, 1 bath, 0 half baths, 907 sq ft
Days on Market: 48
Portsmouth
297 Black Point Lane — $1,975,000
Colonial. 4 beds, 4 baths, 0 half baths, 5,519 sq ft
Days on Market: 35
634 Black Point Lane — $1,275,000
Cape Cod. 2 beds, 2 baths, 0 half baths, 1,693 sq ft
Days on Market: 22
9 Prospect Lane — $1,008,250
Colonial. 4 beds, 2 baths, 1 half bath, 2,966 sq ft
Days on Market: 44
330 Water Street — $590,000
Ranch. 3 beds, 1 bath, 1 half bath, 1,205 sq ft
Days on Market: 37
3 Scotty Drive — $320,000
Manufactured/Mobile. 3 beds, 2 baths, 0 half baths, 1,574 sq ft
Days on Market: 52
51 Pine Street — $250,000
Bungalow. 2 beds, 1 bath, 0 half baths, 691 sq ft
Days on Market: 9
Tiverton
24 Pointview Drive — $1,075,000
Cottage. 2 beds, 1 bath, 0 half baths, 767 sq ft
Days on Market: 44128 Arbor Terrace — $485,000
Ranch. 3 beds, 1 bath, 1 half bath, 1,200 sq ft
Days on Market: 29
