As we move into the third week of July, we are starting to feel a slight shift in the local real estate market. Overpriced inventory is resulting in a longer ‘days on market’ average and an increasing number of homes are experiencing price adjustments. 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.
Here’s a look at what sold last week in Newport County: CLICK HERE TO SEE WHAT SOLD
Jamestown
- Address: 1106 E Shore Road
Price: $1,200,000.00
Type of Property: Contemporary
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 2,184
Days on Market: 0
Middletown
- Address: 1160 Aquidneck Avenue
Price: $625,000.00
Type of Property: Raised Ranch
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 1
Square Footage: 1,326
Days on Market: 68 - Address: 14 Wilson Road
Price: $537,000.00
Type of Property: Ranch
Bedrooms: 3
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 912
Days on Market: 35 - Address: 97 Osprey Court, Unit#12B
Price: $710,000.00
Type of Property: One Level
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,624
Days on Market: 56
Newport
- Address: 599 Ocean Avenue
Price: $7,125,000.00
Type of Property: Contemporary
Bedrooms: 4
Bathrooms: 5
Half Bathrooms: 1
Square Footage: 5,424
Days on Market: 81 - Address: 83 Division Street
Price: $1,725,000.00
Type of Property: Historic
Bedrooms: 4
Bathrooms: 4
Half Bathrooms: 0
Square Footage: 2,224
Days on Market: 61 - Address: 16 Findlay Place
Price: $665,000.00
Type of Property: Colonial, Cottage
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 1,166
Days on Market: 45 - Address: 8 Poplar Street
Price: $651,000.00
Type of Property: Colonial
Bedrooms: 3
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 1,447
Days on Market: 6 - Address: 15 Clarke Street, Unit#3
Price: $750,000.00
Type of Property: Town House
Bedrooms: 1
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 980
Days on Market: 34 - Address: 434 Bellevue Avenue, Unit#GHB
Price: $510,000.00
Type of Property: Other
Bedrooms: 1
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 740
Days on Market: 47 - Address: 66 Girard Avenue, Unit#221
Price: $330,000.00
Type of Property: Town House
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 1
Square Footage: 1,312
Days on Market: 59
Portsmouth
- Address: 379 Mccorrie Lane
Price: $1,650,000.00
Type of Property: Cape Cod
Bedrooms: 3
Bathrooms: 5
Half Bathrooms: 1
Square Footage: 3,709
Days on Market: 31 - Address: 115 Gideon Lawton Lane
Price: $1,400,000.00
Type of Property: Colonial
Bedrooms: 4
Bathrooms: 3
Half Bathrooms: 1
Square Footage: 3,089
Days on Market: 5 - Address: 51 Arrowhead Lane
Price: $605,000.00
Type of Property: Ranch
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,272
Days on Market: 32 - Address: 15 Dorothy Avenue
Price: $603,000.00
Type of Property: Raised Ranch
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,084
Days on Market: 9 - Address: 115 Islington Avenue
Price: $570,000.00
Type of Property: Colonial
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 1
Square Footage: 1,200
Days on Market: 30 - Address: 92 Stage Coach Road
Price: $550,000.00
Type of Property: Ranch
Bedrooms: 4
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,924
Days on Market: 5 - Address: 87 Tallman Avenue
Price: $500,000.00
Type of Property: Ranch
Bedrooms: 2
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 1,800
Days on Market: 36 - Address: 56-58 Ethel Drive
Price: $612,500.00
Type of Property: Side/Side
Bedrooms: 4
Bathrooms: 2
Half Bathrooms: 0
Square Footage: 1,728
Days on Market: 27
Tiverton
Address: 111 Heritage Park Drive
Price: $105,000.00
Type of Property: Manufactured/Mobile
Bedrooms: 1
Bathrooms: 1
Half Bathrooms: 0
Square Footage: 420
Days on Market: 106
