House prices in New England are rising significantly faster than the national average, with Vermont leading the nation and Rhode Island just slightly behind, with the third fastest house price growth for the second quarter of 2024, according to the Federal Reserve Bank of Boston. The Bank’s most recent New England Economic Conditions Report says […]
Real Estate
Posted inReal Estate
On the Market : A look at 46 listings in Newport County hosting open houses this weekend (Sept. 14 – 15)
Welcome to this week’s edition of “On the Market,” where we highlight the best real estate opportunities in Newport County. With inventory appearing to increase, there are still only five single-family homes in Newport priced under $1 million currently on the market. Open houses remain a valuable way to explore the market, particularly during a […]
Posted inReal Estate
What Sold: A look at 22 recent sales across Newport County (Sept. 2 – 6)
As we enter into the second week of September, the Newport County real estate market continues to demonstrate consistent activity with 22 homes changing hands last week. Well-priced properties are still demanding immediate attention, with sellers increasingly attuned to the market’s pulse, often setting clear expectations within the first few weeks of listing. Inventory levels, […]
Posted inNews
Jamestown home sells for $7 million
Lila Delman Compass recently announced the sale of 121 Walcott Avenue in Jamestown for $7,000,000. Cynthia Moretti of Lila Delman Compass’ Jamestown office represented the Seller in this transaction, and Stacie Mills and Mary Waddington of Vanderbilt International Properties represented the Buyer. According to data maintained by the Rhode Island Statewide MLS, this home, closing […]
Posted inNews
Middletown considers tax break for affordable housing
The Middletown Town Council is considering a new tax break to encourage the creation of more affordable housing units. The proposal, which still needs to be approved by legal counsel and the full council, would cut the taxes for landowners who rent out their second properties on a long-term basis. The idea is to create […]
Posted inReal Estate
What Sold: A look at 18 recent sales across Newport County (Aug. 26 – 30)
As we close out August, the Newport County real estate market continues to demonstrate robust activity. Well-priced properties are still commanding swift attention, with sellers increasingly attuned to the market’s pulse, often setting clear expectations within the first few weeks of listing. Inventory levels, driven by the principles of supply and demand, are steering market […]
Posted inBusiness
Aquidneck Avenue commercial property sells for $3.5 million
Lila Delman Compass today announced the sale of 150-160 Aquidneck Avenue in Middletown via a press release. The property recently sold for $3,500,000. According to Lila Delman Compass, Kate Leonard of Lila Delman Compass’ Newport office facilitated the sale of the commercial waterfront property to the buyer and seller. The three lots contain a building […]
Posted inReal Estate
A look at what real estate sold in Newport County last week (Aug. 19 – 23)
As we approach the end of August (hard to believe it’s here already), we’re seeing a clear shift in the local real estate market. Properties that are priced correctly are still moving quickly, with sellers increasingly recognizing that the market sets expectations within just a few weeks of listing. Inventory, along with the basic principles […]
Posted inReal Estate
Rhode Island’s Priciest Real Estate: Cities and towns with sky-high home values
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 $362,156 in […]
Posted inNews
Rhode Island home prices continue to surge
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 $360,974 in June, 3.2% higher than the year before. Increasing mortgage rates have slowed growth, […]
Posted inNews
Jamestown waterfront home sells for $4.2 million
A home with a view of Narragansett Bay and the Jamestown Verrazzano Bridge has sold for $4.2 million. The home sold for $700,000 over the asking price and markes highest sale in Jamestown this year, according to real estate data mainted by Rhode Island Statewide MLS. The home, 541 Seaside Drive, was sold by Lila […]
Posted inReal Estate
‘The Orchard’ mansion sells for $10.8 million
A historic mansion in Newport, Rhode Island has sold for $10 million, making it the highest sale in the state in 2024, according to the real estate firm Lila Delman Compass. The Orchard mansion on Narragansett Avenue was built in 1873 and is listed as a landmark property. It offers 14 bedrooms, 13 full and […]
Posted inNews
Middletown purchases Hoogendoorn Nurseries site for $5.4 million
The town of Middletown has announced that it has purchased the 58.2-acre Hoogendoorn Nurseries land located at 408 Turner Road. The land was purchased for $5.4 million, with the state paying 55% of that cost, because the site could be used for important educational activities and school-related efforts, such as an agricultural Career & Technical […]
Posted inReal Estate
What Sold: A look at the 16 home sales across Newport County last week (Aug. 12 – 16)
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 […]
Posted inNews
Modern home breaks Tiverton sales record at $5.3 million
A single-family home in Tiverton has sold for $5.3 million, the highest ever single family sale in the town, according to a release from Lila Delman Compass. The home, 82 Nonquit Lane, was sold by Renee Welchman of Compass Little Compton. It offers 8,000 square feet of living space with four bedrooms, six full and […]
Posted inNews
Jamestown home sells for $3.6 million
Mott & Chace Sotheby’s International Realty recently issued a press release announcing the highest sale in Jamestown for 2024. The home, located at 205 Seaside Drive, was sold for $3,600,000, which is the highest sale in the town in 2024 and the highest sale since July 2023. “Sited to take in the awe-inspiring views of […]
Posted inReal Estate
What Sold: A look at the 14 home sales across Newport County last week (August 5 – 9)
As we move into the second week of August, we are starting to feel a slight shift in the local real estate market. 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 […]
Posted inReal Estate
On the Market: A look at 23 listings in Newport County hosting Open Houses this weekend (Aug. 10 – 11)
Welcome to this week’s edition of On the Market, where we spotlight the best opportunities for homebuyers in Newport County. Open houses are invaluable for those looking to explore the market and see what’s available firsthand. In today’s competitive real estate climate, where options can often be limited, open houses offer a unique chance to […]
Posted inNews
What Sold: A look at 35 home sales across Newport County (July 29 – August 2)
As we move into the second week of August, we are starting to feel a slight shift in the local real estate market. Overpriced inventory is resulting in longer days on market average and an increasing number of homes are experiencing price adjustments. Pairing that with an optimistic forecast on interest rates, a tough week […]
Posted inReal Estate
On the Market: A look at 41 listings in Newport County hosting Open Houses this weekend (August 3 – 4)
Welcome to this week’s edition of On the Market, where we spotlight the best opportunities for homebuyers in Newport County. Open houses are invaluable for those looking to explore the market and see what’s available firsthand. In today’s competitive real estate climate, where options can often be limited, open houses offer a unique chance to […]
Posted inReal Estate
Home on Atlantic Avenue in Newport sells for $4.6 million
A home near Brenton Point State Park on Ocean Drive in Newport has changed hands. 27 Atlantic Avenue in Newport recently sold for $4,600,000, according to Lila Delman Compass. Kate Leonard, of Lila Delman Compass’ Newport office, represented the Seller in this transaction, according to Lila Delman Compass. According to data maintained by the Rhode […]
Posted inReal Estate
Block Island home sells for a record $7.71 million
Lila Delman Compass today announced the sale of 1776 Corn Neck Road on Block Island. The property recently sold for $7,710,000. Rosemary Tobin, Sales Associate of Lila Delman Compass’ Block Island Office, represented the Seller, and Dan and Nicole Harding of the Narragansett office represented the Buyer, according to Lila Delman Compass. According to data […]
Posted inReal Estate
What Sold: A look at 21 home sales across Newport County (July 22 – 26)
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 […]
Posted inReal Estate
On the Market: A look at 35 homes in Newport County hosting Open Houses this weekend (July 27 – 28)
Welcome to this week’s edition of On the Market, where we spotlight the best opportunities for homebuyers in Newport County. Open houses are invaluable for those looking to explore the market and see what’s available firsthand. In today’s competitive real estate climate, where options can often be limited, open houses offer a unique chance to […]
Posted inReal Estate
Historic home on Kay Street sells for $3.5 million
Lila Delman Compass today announced the sale of 80 Kay Street in Newport. The property recently sold for $3,500,000. According to Lila Delman Compass, Eric Kirton and Kara Malkovich, both of Lila Delman Compass’ Newport office, represented the Seller in this transaction. ‘Aufenthalt’ (Stay A While) is a historic home in the Kay/Catherine section of […]