Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers. The typical home value in the United States was $360,385 in […]
Real Estate
Cities with the fastest-growing home prices in Rhode Island
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. The typical home value in the United States was $360,385 in October, 2.4% higher than the year before. Increasing mortgage rates have slowed growth, […]
On the Market: Explore open houses in Newport County this weekend (Nov. 23 – 24)
The Newport County real estate market continues to face the challenge of low inventory, which has been a persistent trend for some time. As we approach the holiday season, the market is expected to remain relatively stagnant, making it even harder for buyers to secure the home they’re looking for. However, for those actively seeking, […]
What Sold: A look at 12 recent sales across Newport County (Nov. 11 – 15)
Each week on What Sold, we take a look at the current state of the Newport County real estate landscape. Over the past few months, one thing has remained clear: the local market continues to be shaped by an ongoing inventory shortage. With only 12 properties closing last week, it’s evident that the strong demand […]
On the Market: Explore Open Houses in Newport County this weekend (Nov. 16 – 17)
The Newport real estate market faces a familiar challenge: low inventory. As we move into the holiday season, this trend is expected to persist, making it even harder for buyers to find the right property. However, there are still some excellent Open House opportunities this weekend, offering a variety of property types. Inventory in the […]
Home on Fly Jib Court in Jamestown fetches $3.9 million
Lila Delman Compass today announced the sale of 25 Fly Jib Court in Jamestown for $3,900,000. Bob Bailey of Lila Delman Compass’ Jamestown office represented the seller in this transaction. According to Lila Delman Compass, the contemporary home, recently redesigned and renovated by the award-winning Sweenor Builders, is situated on 3+ acres overlooking Narragansett Bay. […]
Reps. Carson, Cortvriend want to hear from you about short-term rental issues
The special legislative commission studying the economic and social effects of the short-term rental industry is now accepting testimony from the public. Representatives Lauren H. Carson and Terri Cortvriend are asking Aquidneck Islanders to make their voices heard. The Special Legislative Commission to Review and Provide Recommendations for Policies that Deal with Numerous Economic and […]
What Sold: A look at 16 recent sales across Newport County (Nov. 4 – 8)
Each week on What Sold, we take a look at the current state of the Newport County real estate landscape. Over the last few months, it’s clear that the local market continues to remain defined by its inventory challenges. With only 16 properties closing last week, highlighted by the sale of 18 Sachuest for $3,485,000, […]
On the Market: A look at 33 open houses happening this weekend in Newport County (Nov. 9 – 10)
Welcome to this week’s edition of “On the Market,” where we highlight real estate opportunities featuring 33 open houses happening across Newport County this weekend. This is a great opportunity to find your new home just in time to settle in before the holiday season. As we embrace fall, the Rhode Island real estate market […]
Home on Sachuest Drive in Middletown sells for $3.485 million
Hogan Associates Christie’s International Real Estate announced the November 6, 2024, sale of 18 Sachuest Drive in Middletown. Built by Newport Builders, this impressive new construction home is surrounded by 8.5 acres of open space with stunning views of natural landscapes. The property sold for $3.485 million. Matt Hadfield of Hogan Associates | Christie’s International Real Estate […]
What Sold: A look at 22 recent sales across Newport County (Oct. 28 – Nov. 1)
As we analyze the current state of the Newport County real estate landscape, it’s clear that the local market remains defined by its inventory challenges. With only 22 properties closing last week, including a remarkable historic sale in Jamestown at a staggering $12.25 million, it’s evident that high demand continues to meet limited supply, resulting […]
On the Market: Explore 28 open houses in Newport County this weekend (Nov. 2 – 3)
Welcome to this week’s edition of “On the Market,” where we highlight exciting real estate opportunities featuring open houses across Newport County. As we embrace fall, the Rhode Island real estate market is experiencing notable shifts. Inventory levels are gradually increasing, but many buyers face affordability challenges as conventional loan rates remain around 7%. While […]
Sandy Point Farm auction closes at $2.3 million
The historic Sandy Point Farm in Portsmouth sold at auction Thursday for $2.3 million, despite efforts by a newly formed nonprofit to preserve the property as a community space. The 6-acre estate, once part of a sprawling 280-acre Vanderbilt property, was auctioned off after 37 days of marketing by Sotheby’s Concierge Auctions. The sale is […]
Jamestown’s “Fowler’s Rocks” sells for record-breaking $12.25 million
A waterfront shingle-style estate in Jamestown has shattered the state’s highest sale record for 2024, fetching a staggering $12,250,000. The sale of 340 East Shore Road, known as “Fowler’s Rocks,” was announced by Lila Delman Compass, who represented the seller. According to the Rhode Island Statewide MLS, this transaction marks the highest single-family home sale […]
Cities with the fastest-growing home prices in the Providence metro area
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. The typical home value in the United States was $360,999 in September, 2.4% higher than the year before. Increasing mortgage rates have slowed growth, […]
Cities with the most expensive homes in the Providence metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers. The typical home value in the United States was $360,999 in […]
Just Sold: A look at the 19 Newport County homes that sold last week (Oct. 14 – 18)
The Newport County real estate market remains active, with 19 homes changing hands last week, as reported by the Rhode Island statewide MLS. Despite the onset of fall and cooler weather, buyer interest remains strong, particularly with events and beautiful weather drawing attention to our beautiful region. The market is currently facing significant challenges due […]
Newport’s Housing Paradox: Highest affordable stock; among least affordable homes
Characterizing housing affordability in “crisis,” RI Housing Works at Roger Williams University found only four communities in Rhode Island meeting the state “goal” of achieving 10 percent of its housing stock as Low- and Moderate-Income Housing. That 10 percent figure, established in 1991, is well below actual needs, according to the 2024 HousingWorks RI’s 20th […]
On the Market: 23 open houses in Newport County this weekend (Oct. 19 – 20)
Welcome to this week’s edition of “On the Market,” where we showcase the latest real estate opportunities featuring public showings throughout Newport County. As we dive deeper into the Fall season, trends in the Rhode Island market reveal some interesting shifts. While inventory levels have started to rise, many buyers are still feeling the squeeze […]
Home on Division Street in Newport sells for $4.1 Million
A “meticulously renovated Greek Revival residence” at 84 Division St. in Newport sold for $4,100,000 on October 18, 2024. The sale, announced by Hogan Associates Christie’s International Real Estate, marks the sixth highest sale in Newport this year. The property features seven bedrooms, four full baths, and two half baths, including a chef’s kitchen with […]
The number of R.I. communities where a household earning under $100K can afford a home is zero
by Janine L. Weisman, Rhode Island CurrentOctober 18, 2024 And then there were none. Two years ago, households earning under $100,000 a year could afford to buy a home in 14 of Rhode Island’s 39 municipalities. Last year, the number dropped to just one: Central Falls. But as the release of HousingWorks RI’s annual Housing […]
Little Compton estate sells for $6.5 million
A Little Compton waterfront estate has sold for $6.5 million, marking the highest sale in the town since November 2020, according to Mott & Chace Sotheby’s International Realty, which represented the sellers. The property, located at 21 Atlantic Drive, was sold by the Cooke family, who had owned it for four generations, according to the […]
What Sold: A look at 18 recent home sales across Newport County (Oct. 7 – 11)
The Newport County real estate market continues to demonstrate consistent activity, with 18 homes changing hands last week, according to data sourced from the Rhode Island statewide MLS. Even with the change in weather and the transition into the fall season, we have some prime weekends ahead, featuring events like Seafood Fest (October 19 and […]
On the Market: Explore 21 open houses in Newport County this weekend (Oct. 12 – 14)
Welcome to this week’s edition of “On the Market,” where we highlight the latest real estate opportunities featuring public showings across Newport County. Open houses offer an excellent opportunity to explore the market, particularly during a holiday weekend when you may have more time to search for your dream home. In today’s competitive landscape, where […]
What Sold: A look at the 25 homes that changed hands in Newport County last week (Sept. 30 – Oct. 4)
The Newport County real estate market continues to demonstrate consistent activity with 25 homes changing hands last week according to data sourced from the Rhode Island statewide MLS. Even with the change in weather and move into the Fall season, we have some prime weekends ahead of us with events like the Broadway Street Fair […]
