Summer has officially arrived, and with it, so has the traffic, on our roads and in our real estate market. Between June 23rd and June 27th, 25 properties closed across Newport County, ranging from historic single-family homes and multi-family investments to luxury condos and coastal retreats. It was a busy week for local conveyances and a strong reminder that while inventory remains tight, demand is still very real.
That said, we are beginning to feel a shift in the market. Properties that aren’t properly prepped, positioned, or priced are starting to sit longer than they might have even a few months ago. Some are seeing price adjustments or returning to the market after failed contingencies. The truth is, while the buyer pool is still large and likely the largest we’ll see all year, those buyers are becoming more selective. Presentation, strategy, and accurate pricing are more important than ever.
If you’re selling, now is the time to bring your home to market in its best light. If you’re buying, you’ll want to be educated, prepared, and working with someone who can help you compete effectively. Regardless of which side you’re on, working with a qualified professional and listening to your consultant’s advice can make all the difference.
This market still offers opportunities, but only if you approach it with the right game plan.
If you’re curious about any of these recent sales or want to talk about your goals this summer, I’d love to connect. Call or text me directly at (401) 241-1851 or email TylerB@resultswithremax.com to schedule a consultation. Here’s a look at What Sold last week in Newport County.
Single Family Sales
Newport – 160 Webster Street – $2,250,000
3 bed, 4 bath | 2,212 sq ft | Property Type: Other
Newport – 224 Gibbs Avenue – $1,595,744
3 bed, 3.5 bath | 1,893 sq ft | Single Family Home
Newport – 63 Third Street – $1,550,000
2 bed, 2.5 bath | 2,158 sq ft | Colonial/Cottage/Victorian
Portsmouth – 123 Immokolee Drive – $1,542,100
4 bed, 2.5 bath | 3,972 sq ft | Colonial/Historic
Portsmouth – 70 Ferreira Avenue – $1,425,000
3 bed, 2.5 bath | 2,698 sq ft | Colonial
Newport – 40 Sherman Street – $1,400,000
3 bed, 2.5 bath | 1,858 sq ft | Historic Single Family
Tiverton – 176 Winnisimet Drive – $1,150,000
3 bed, 2.5 bath | 2,960 sq ft | Single Family (Attached)
Portsmouth – 9 Spring Hill Road – $965,000
3 bed, 2.5 bath | 2,280 sq ft | Cape Cod
Portsmouth – 278 Taylor Road – $925,000
3 bed, 2.5 bath | 1,578 sq ft | Contemporary
Middletown – 168 Busher Drive – $800,000
3 bed, 2 bath | 2,277 sq ft | Cape Cod
Portsmouth – 328 Freedom Trail Drive – $770,000
3 bed, 2.5 bath | 1,597 sq ft | Cape Cod
Portsmouth – 336 Freedom Trail Drive – $750,000
3 bed, 2.5 bath | 1,828 sq ft | Colonial
Tiverton – 299 South Christopher Avenue – $682,000
3 bed, 2 bath | 1,296 sq ft | Raised Ranch
Portsmouth – 45 Reise Terrace – $615,000
3 bed, 2 bath | 1,152 sq ft | Raised Ranch
Middletown – 11 Cedar Avenue – $600,000
3 bed, 1 bath | 960 sq ft | Ranch
Tiverton – 301 Bulgarmarsh Road, Unit #27 – $155,000
2 bed, 1 bath | 1,104 sq ft | Manufactured/Mobile Home
Condominium Sales
Jamestown – 53 Conanicus Avenue, Unit #3A – $1,500,000
2 bed, 2 bath | 1,657 sq ft | High Rise/One Level
Newport – 27 High Street, Unit #5 – $1,350,000
2 bed, 2.5 bath | 1,744 sq ft | Loft
Newport – 15 Hammersmith Road, Unit #19 – $957,500
3 bed, 2.5 bath | 1,927 sq ft | Townhouse
Newport – 1 Oakwood Terrace, Unit #9 – $885,000
2 bed, 2 bath | 1,480 sq ft | High Rise
Middletown – 9 Thelma Lane – $690,000
2 bed, 2.5 bath | 2,312 sq ft | Townhouse
Middletown – 224 Corey Lane – $580,000
2 bed, 2.5 bath | 1,400 sq ft | Townhouse
Multi-Family Sales
Newport – 216 Spring Street – $1,813,000
8 bed, 4 bath | 3,360 sq ft | Apartment-Style Multi-Family
Portsmouth – 2014–2016 East Main Road – $860,000
6 bed, 3 bath | 2,948 sq ft | Up/Down Multi-FamilyNewport – 10 Sagamore Street – $760,000
4 bed, 2 bath | 1920 sq ft | Side-by-Side Multi-Family
