As we move into the third week of August, we are starting to feel a slight shift in the local real estate market. With summer quickly winding down, sellers are trying to maximize the interest in their homes by adjusting pricing and optimizing Open Houses. 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. Inventory and the standard dynamics of supply and demand continue to control the narrative of the market, and life changes are still the main catalyst behind movement at this time.
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 in Newport County
Jamestown
205 Seaside Drive
- Type: Colonial, Tri-Level
- Price: $3,600,000
- Bedrooms: 3
- Bathrooms: 3
- Half Bathrooms: 0
- Square Footage: 2,502
- Days on Market (DOM): 13
24 Clinton Avenue
- Type: Colonial, Victorian
- Price: $1,395,000
- Bedrooms: 4
- Bathrooms: 4
- Half Bathrooms: 0
- Square Footage: 2,261
- Days on Market (DOM): 83
45 Cedar Ridge Trail
- Type: Colonial
- Price: $1,225,000
- Bedrooms: 4
- Bathrooms: 2
- Half Bathrooms: 1
- Square Footage: 2,340
- Days on Market (DOM): 22
Little Compton
16 Old Stone Church
- Type: Contemporary
- Price: $1,175,000
- Bedrooms: 4
- Bathrooms: 3
- Half Bathrooms: 1
- Square Footage: 3,880
- Days on Market (DOM): 17
Middletown
246 Island Drive
- Type: Colonial
- Price: $1,050,000
- Bedrooms: 4
- Bathrooms: 2
- Half Bathrooms: 1
- Square Footage: 2,604
- Days on Market (DOM): 9
858 Mitchells Lane
- Type: Raised Ranch
- Price: $475,000
- Bedrooms: 3
- Bathrooms: 2
- Half Bathrooms: 0
- Square Footage: 1,318
- Days on Market (DOM): 16
Newport
37 John Street
- Type: Colonial, Historic
- Price: $1,550,000
- Bedrooms: 4
- Bathrooms: 3
- Half Bathrooms: 1
- Square Footage: 2,354
- Days on Market (DOM): 9
7 Florence Avenue
- Type: Colonial
- Price: $1,425,000
- Bedrooms: 5
- Bathrooms: 4
- Half Bathrooms: 0
- Square Footage: 3,453
- Days on Market (DOM): 89
26 Brinley Street #1
- Type: One Level (Condo)
- Price: $520,000
- Bedrooms: 3
- Bathrooms: 2
- Half Bathrooms: 0
- Square Footage: 1,315
- Days on Market (DOM): 27
359 Spring Street
- Type: Up/Down (Multi-Family)
- Price: $1,675,000
- Bedrooms: 5
- Bathrooms: 3
- Half Bathrooms: 2
- Square Footage: 3,083
- Days on Market (DOM): 43
Portsmouth
213 Ethel Drive
- Type: Colonial
- Price: $1,050,000
- Bedrooms: 4
- Bathrooms: 2
- Half Bathrooms: 2
- Square Footage: 2,480
- Days on Market (DOM): 16
80 William Street
- Type: Other
- Price: $850,000
- Bedrooms: 3
- Bathrooms: 2
- Half Bathrooms: 0
- Square Footage: 1,240
- Days on Market (DOM): 0
23 Berkeley Avenue
- Type: Colonial
- Price: $700,000
- Bedrooms: 3
- Bathrooms: 2
- Half Bathrooms: 1
- Square Footage: 1,490
- Days on Market (DOM): 33
Tiverton
82 Nonquit Lane
- Type: Contemporary, Single Family-Attached
- Price: $5,300,000
- Bedrooms: 4
- Bathrooms: 6
- Half Bathrooms: 1
- Square Footage: 8,008
- Days on Market (DOM): 24
190 Pelletier Lane
- Type: Cottage
- Price: $410,000
- Bedrooms: 3
- Bathrooms: 1
- Half Bathrooms: 0
- Square Footage: 1,360
- Days on Market (DOM): 11
36 Peckham Lane
- Type: Cottage
- Price: $215,000
- Bedrooms: 2
- Bathrooms: 0
- Half Bathrooms: 0
- Square Footage: 1,004
- Days on Market (DOM): 49