Luxury Newport Condos – Price Bump? Not Really…
We’ve got several fab, fab, fab condos for sale in Newport – with everything you’ve ever dreamed about – water views, lots of space, close to beaches – and they’re available for, well, some pretty good numbers. Here’s a little info on the top quartile or higest priced condos in Newport illustrating the market forces […]
If you haven’t looked at Carnegie Abbey lately…
… you might be pleasantly surprised by the new pricing, the recent sales and the amazing beauty of this 450-acre sporting estate in Portsmouth. Last week Carnegie announced substantial reductions in The Tower residences, and there are some pretty good values in the shingle-style Golf Lodge and Golf House too. If you’re looking for an […]
Newport’s Casino Theater Restoration nears Completion
The International Tennis Hall of Fame and Salve Regina University are nearing completion of the $4.5 million restoration of the Newport Casino Theater. This National Historic Landmark was built by New York Herald publisher, Gordon Bennett, a wealthy businessman who found himself in need of a place to go after being dismissed by an exclusive […]
Missed out on the Stimulus Package? I don’t think so…
RI mortgage rates are lower than they have ever been in recorded history! Your savings over time will be enormously higher than the $8,000 tax rebate. As of today, August 20, 2010, the current average rate for a 30 year fixed loan is 4.75 percent, and the 15 year fixed rate is at 4% (view […]
Newport Luxury Real Estate Trending Up and Down
Here’s a quick look at what’s happening in Newport in with our most expensive properties. This graph represents the top quartile of listings in Newport – in other words, the most expensive quarter of the market. Inventory is about 15% higher than it was last fall, but prices are adjusting down creating opportunities for buyers […]
A Market Snapshot of Newport
The chart below represents Newport’s single family market over the last 6 months. According to Statewide MLS data, an average of 17% of available single families are going under contract each month and an average of 8% are selling. If you’re a seller it’s important to understand that it will take some time for this […]