The spring season is here and the spring market is fully underway. Activity is increasing, new inventory is coming online, and buyers are actively engaging across multiple price points.
The week was highlighted by the sale of “Ocean Lawn” at 10 Ocean Lawn Lane in Newport for $8,100,000, one of the state’s highest transactions of the year to date. Cheers to Joseph Costa of Mott&Chace Sotheby’s and Kara Malkovich of Lila Delman Compass on representing that incredible sale. Built by Mark Horan in 2017, the property stands as a great example of high-quality construction meeting strong coastal demand. Sales like this reinforce that the upper tier of the market remains active despite concerns over new barriers to entry like what feels to be unending tax increases/programs in Rhode Island.
As mentioned in my On the Market article this past weekend, we are seeing clear momentum right now. The combination of seasonal timing and pent-up demand is bringing more buyers into the market, while new inventory continues to populate.. Behind the scenes, we are currently preparing several new listings that will be coming to market over the next few weeks, with a few expected as soon as this week and next.
Closer to home, I also want to extend a sincere congratulations to our clients on the sale of 23 Livingston Place in Middletown. This was a special home with a lot of history and meaning to the family. It is always rewarding to help sellers achieve a strong result, but even more so when there is peace of mind knowing the home will carry on with another local family. Congratulations to everyone involved in that transaction!
As we move deeper into the spring season, the market continues to reward preparation, thoughtful pricing, and strong representation. Whether you are considering buying, selling, or simply want a better understanding of your options, having a clear strategy is key.
If you are thinking about making a move or would like to schedule a consultation, I am always happy to connect. You can reach me directly at 401-241-1851 or TylerB@resultswithremax.com.
Here is a look at What Sold last week across Newport County.
Jamestown
63 Longfellow Road, Jamestown. Cottage, Historic.
Sold Price: $3,299,850
4 beds | 3 full baths | 1 half bath | 2,829 SF
30 Bonnet View Drive, Jamestown. Other.
Sold Price: $1,900,000
4 beds | 3 full baths | 1 half bath | 3,365 SF
Middletown
23 Livingston Place, Middletown. Cape Cod.
Sold Price: $625,000
3 beds | 2 baths | 1,480 SF
Newport
10 Ocean Lawn Lane, Newport. Cottage.
Sold Price: $8,100,000
8 beds | 9 full baths | 1 half bath | 8,759 SF
24 Old Beach Road, Newport. Up/Down Multi-Family.
Sold Price: $1,900,000
10 beds | 7 baths | 5,094 SF
604 Thames Street & 4 Dixon Street, Newport. Up/Down Multi-Family.
Sold Price: $1,875,000
5 beds | 3 full baths | 1 half bath | 2,930 SF
Portsmouth
95 Devin Drive, Portsmouth. Contemporary.
Sold Price: $2,750,000
4 beds | 3 full baths | 1 half bath | 5,587 SF
79 Alan Avenue, Portsmouth. Ranch.
Sold Price: $327,999
3 beds | 1 bath | 1,120 SF
1 Tower Drive, Unit #1106, Portsmouth. High Rise Condo.
Sold Price: $775,000
2 beds | 3 baths | 1,800 SF
6 Fox Run Road, Portsmouth. Town House Condo.
Sold Price: $465,000
2 beds | 1 full bath | 2 half baths | 1,652 SF
Tiverton
38 Hummingbird Lane, Tiverton. Manufactured/Mobile.
Sold Price: $267,500
3 beds | 2 baths | 1,512 SF
184 Field Stone Lane, Tiverton. Cape Cod.
Sold Price: $870,000
3 beds | 2 baths | 1,911 SF
89 North Court, Tiverton. Ranch.
Sold Price: $740,000
2 beds | 2 full baths | 1 half bath | 2,066 SF