Newport County saw nine homes change hands over the holiday season, according to data obtained from Rhode Island’s statewide MLS. Five out of nine recent real estate transactions sold at or above asking price. This amazing concept demonstrates the strength and resilience of the local real estate market. Limited inventory continues to be a hot topic here in Newport County, but with interest rates trending lower for the first time in months, the housing forecast for the spring market looks favorable for both sellers and buyers. Let’s take a closer look at recent sales.
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- Middletown – 163 Morrison Avenue
- Price: $875,000.00
- Property Type: Cape Cod, Contemporary
- Bedrooms: 3
- Bathroom: 2.5
- Square feet: 1,344
- Sales days: 41
- Middletown – 43 Bayview Park
- Price: $142,500.00
- Property Type: Manufacturing/Mobile
- Bedrooms: 2
- Bathroom: 1
- Square feet: 924
- Sales days: 57
- Newport – 111 Harrison Avenue, Unit #B12
- Price: $1,500,000.00
- Property type: 1 level
- Bedrooms: 2
- Bathroom: 2.5
- Square feet: 2,750
- Sales days: 199
- Newport – 1 Oakwood Terrace, Unit #6
- Price: $1,150,000.00
- Property type: 1 level
- Bedrooms: 2
- Bathrooms: 2
- Square feet: 1,515
- Sales days: 63
- Newport – 66 GIRARD Avenue, Unit #408
- Price: $299,900.00
- Property type: 1 level
- Bedrooms: 2
- Bathrooms: 2
- Square feet: 1,254
- Release days: 0
- Portsmouth – 30 Attleboro Avenue
- Price: $1,300,000.00
- Property type: Contemporary
- Bedrooms: 3
- Bathroom: 2.5
- Square feet: 2,092
- Release date: 16
- Portsmouth – 215 Turnpike Avenue
- Price: $447,500.00
- Property type: Other
- Bedrooms: 3
- Bathroom: 1
- Square feet: 1,458
- Days on the market: 50
- Portsmouth – 106 King Phillip Street
- Price: $439,000.00
- Property type: Cottage
- Bedrooms: 2
- Bathroom: 1
- Square feet: 1,175
- Release date: 28
- Tiverton – 61 Leger Lane
- Price: $375,000.00
- Property type: Ranch
- Bedrooms: 3
- Bathroom: 1.5
- Square feet: 1,550
- Sales days: 58
These nine transactions showcase properties ranging from manufactured/mobile homes to condos and modern homes, illustrating the dynamic nature of the local real estate market that caters to a variety of tastes and lifestyles. Newport County remains a popular destination for those looking to enter the housing market, offering great opportunities to make the most of your investment if you’re interested in exploring the market. For more information or to see the current value of your home, please contact our real estate partner, Tyler Bernadyn of his RE/MAX RESULTS. You can contact me via email at TylerB@resultswithremax.com or directly at 401-241-1851. Happy New Year everyone!