Welcome to this week’s edition of “On the Market,” where we spotlight the latest real estate opportunities featuring public showings across Newport County. As inventory slowly begins to rise, many consumers are still grappling with concerns about affordability, especially with conventional loan rates lingering in the low 6% range. Nevertheless, the increasing number of homes […]
Real Estate
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What Sold: A look at 17 recent sales across Newport County (Sept. 23 – 27)
The Newport County real estate market continues to demonstrate consistent activity with 17 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 […]
Posted inNews, Real Estate
On the Market: 34 Newport County homes hosting open houses this weekend (Sept. 28 – 29)
Welcome to this week’s edition of “On the Market,” where we highlight all the available real estate opportunities with public showings each weekend in Newport County. With inventory appearing to slowly increase, there are still major questions looming in the local community about affordability with rates still in the low 6’s for conventional loans. However, […]
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Sandy Point Farm up for grabs in October auction
A piece of American history is up for grabs as Sandy Point Farm, a former Vanderbilt estate in Portsmouth, heads to auction next month. The property, listed at $3.5 million, will be sold through Sotheby’s Concierge Auctions in cooperation with Mott & Chace Sotheby’s International Realty. Bidding for the historic equestrian estate is scheduled to […]
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Cities with the most expensive homes in Rhode Island
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 $362,143 in […]
Posted inNews, 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 $362,143 in August, 2.5% higher than the year before. Increasing mortgage rates have slowed growth, […]
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Newport County real estate market remains active with 22 recent sales
As we enter the last week of September—which is a wild thing to consider—the Newport County real estate market continues to demonstrate consistent activity, with 22 homes changing hands last week, September 16 – 20, 2024. Even with the change in weather and season, we have some prime weekends ahead of us with events like […]
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On the Market : 27 Newport County homes hosting open houses this weekend (Sept. 21 – 22)
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 four 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 […]
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What does the recent Fed decision mean for the local real estate market? Â
By Tyler Bernadyn and curated by Cam Stewart, Senior Loan Officer, Shamrock CMG Home Loans Cam Stewart, Senior Loan Officer, Shamrock CMG Home Loans You might have seen news about the Fed lowering interest rates and how this could benefit credit cards and mortgages. But what does this mean for the housing market, and when […]
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What Sold: A look at 13 recent sales across Newport County (Sept. 9 – 13)
As we enter into the third week of September, the Newport County real estate market continues to demonstrate consistent activity with 13 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, […]
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‘The Playhouse’ on Ocean Drive sells for $9.935 million
A historic landmark on Newport’s Ocean Drive has sold for $9.935 million, making it the second-highest sale in Newport this year, according to data from the Rhode Island Multiple Listing Service. David Huberman and Mike Sweeney of Gustave White Sotheby’s International Realty represented the sellers, while Lee Scura of Residential Properties ​ Originally designed by […]
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Rhode Island housing prices rising, third fastest nationally
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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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‘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 […]
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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 […]
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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 […]