Newport, RI Real Estate News

By Kathleen Ann Pacheco-Corbett, Realtor, RI-MA, CEBA, Master, e-Pro, ABR, ABRM, GR
((FIRST Exclusive Buyer's Office Providence-RI) )
    Newport Beach, RHODE ISLAND  was recognized on a national level and made the top list for Travel and Leisure magazine for August 2010 as one of "America's Most Beautiful Coastal Views" Rhode Island is called the Ocean State, and for a very good reason. Rhode Island, called the Ocean State, ranks our 50th state, and comprises 1,545 square miles. However, if you exclude the area of Narragansett Bay, the land mass (LAND AREA) of Rhode Island is 1,045 square miles. Land Area: 1,045 square miles Length of coastline: 40 miles Shoreline: 384 miles It distance North to South is 48miles and East to West  37 miles. As a native Rhode Islander, I am surrounded by the waterfront beauty that surrounds our littlest state of the union,  its beaches, its cliffs, and remarkable gorgeous sunsets. Thin...
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By Ginny Gorman, Homes for Sale in Southern RI and beyond
(RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate)
Wine tastings abound around the country but we have the first Wine Tasting experience at the Newport RI Winefest at the Newport Yachting Center August 20-22nd 2010. This is purported to be the largest ever outdoor wine festival in New England.  All the fruitful labors of the past season have been bottled up and are ready to be shared at this Newport RI event.  The sommeliers are out in force to taste what local vineyards such as Sakonnet Vineyards, Newport Vineyards and Greenvale Vineyards all of RI fame have to offer from their new vintages.  Newport RI has so much to offer and has already this summer so this event is another highlight to the summer season. Be prepared to enjoy both food and wine here because many celebrity chefs will be cooking up a great Newport storm of tasty deligh...
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By Arthur Chapman
(William Raveis)
Newport, RI - Single Family December, 2009     Prices Median price in December was $485,000. This is up 27.0% from $382,000 in December of 2008. Average sale price (most recent 3 months) is $594,265, down substantially from $770,370 in 2008. Inventory Inventory is 152, up a bit from 140 in 2008. New listings of 11 in December were down substantially from 24 in November and down moderately from 12 in December of 2008. Market Time Days on market of 119 in December was down considerably from 185 in November but up substantially from 92 in December of 2008. Months of supply in December moved down to 11.8 from 13.0 in November.  
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Newport RI Single Family Homes Market Activity - YTD (11/30/2009) There were 138 Newport RI Real Estate homes sold YTD in 2009 with an average sales price of $804,608 and an average days on market of 133. The selling range was a low of $285,000 and a high of $6,510,000.  As of November 30th, there were 123 homes active on the market, with an average listing price of $1,470,153 and an average DOM of 211 days.  There were 23 homes under contract with an average list price of $421,707 and an average DOM of 138 days. Newport RI Real Estate - Community, relocation and school information with town demographics. Newport RI Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales. Newport RI MLS Search - View all listings in the statewide MLS. Newport RI Condo - Sea...
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By Mirela Monte, Myrtle Beach Real Estate
(Buyers' Choice Realty)
Cliffwalk in Newport, Rhode Island:  The Walk of a Lifetime   To call it beautiful, majestic, enchanting, mesmerizing, unique, breathtaking, will still not do it justice.  To call it the most beautiful walk of my life... somehow that describes it.   As the sun was setting on the cliffs of Rhode Island, bathing the gilded age mansions with an ephemeral surrealism, I could not believe I was as lucky as this:  to see such grandeur is almost humbling.  Where God meets man is an apt description for what I was looking at.    The 3.5 mile walk is a public right-of-way over private property. In spots just a couple of feet from the path are abrupt drops of over 70 feet. Wild bushes and weeds often hide this danger.  On one side - the perilous cliffs, on the other, the gilded age mansions.  You e...
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By Tim Lamont
(CBRB - New England)
It seems the bad news concerning the housing and mortgage markets far outweighs the good.  However, the impression I get is that's mainly due to the coverage choices the various news sources make.  Bad news sells, so they report more bad news. Finally, here is an articlefrom the Providence Journal that shows a bit of good news.  Granted, the price ranges discussed dont apply to most people, but at least the "feel" of the article is positive.
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By John Cain, Broker Associate
(Keller Williams Realty of Newport)
Median Home Prices: Homes FOR SALE In Newport, Middletown, and Portsmouth Rhode Island!   Here are some stats for the median price of homes For Sale in Newport, Middletown, and Portsmouth RI.   September 2007: $497,000……………..Days on Market: 134   September 2006: $475,000……………..Days on Market: 111   September 2005: $499,000……………..Days on Market: 92   Posted by:   John Cain Broker Associate Sales - Rentals - Property Management Keller Williams Realty of Newport 809 Aquidneck Avenue Middletown, RI 02842 Direct: (401) 608-9214 Mobile: (401) 662-7668 Fax: (401) 845-9202 Email: John@MarketWatchRI.com Sales Web: www.MarketWatchRI.com KW Rentals: www.NewportCountyRentals.com  
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By John Cain, Broker Associate
(Keller Williams Realty of Newport)
SINGLE FAMILY HOMES FOR SALE  VS. SOLD ON AQUIDNECK ISLAND   APRIL: 51/551 MAY: 43/580 JUNE: 55/632   MULTI-FAMILY HOMES FOR SALE  VS. SOLD ON AQUIDNECK ISLAND   APRIL: 2/84 MAY: 5/102 JUNE: 5/105   CONDOS FOR SALE VS. SOLD ON AQUIDNECK ISLAND   APRIL: 15/274 MAY: 22/294 JUNE: 14/299   Posted by:   John CainBroker Associate Keller Williams Realty of Newport809 Aquidneck AvenueMiddletown, RI 02842   Direct: 401-608-9214Mobile: 401-662-7668Email: John@MarketWatchRI.comWeb: http://www.MarketWatchRI.com   Sales – Rentals – Property ManagementLicensed Realtor in Rhode Island & Massachusetts
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By Karen Hurst, Rhode Island Waterfront!
(RICOASTALLIVING.COM)
  Sunday the Tall Ships paraded around Prudence Island passing by the Jamestown Bridge. I was lucky enough to have a front row seat on our good friends boat. Starting out on our trip with mimosas for the ride, we set up on the stern with food and drinks, soaking up the sun. Peggy, our hostess, served a muffaretto, which is like an Italian grinder on French bread with a New Orleans dressing. Delicious!  We had left a little early to set anchor in a comfortable spot, from which we had a 360 view of the Jamestown Bridge, Jamestown, Prudence Island, Newport  and the Tall Ships as they passed behind the Island and then forwarded on to Newport.. We were not close enough to hear the Marching Bands on some of the Tall Ship Decks, but could hear bits of the music drifting over the water. The da...
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By John Cain, Broker Associate
(Keller Williams Realty of Newport)
  > City snapshot:       Newport, Rhode Island Zip: 02840 County: Newport County About our data  Demographics Details  Newport02840  Rhode Island  National  Population View25,307 1,084,664 293,686,994 Population Change Since 1990  -7.00% 8.00% 18.00% Population Density  3,033 984 N/A Male  12,101 522,691 144,444,127 Female  13,206 561,973 149,242,867 Never Married  7,766 262,882 62,792,930 Married  7,699 429,119 118,602,595 Separated  1,665 46,479 13,541,406 Widowed  2,759 85,133 23,102,252 Divorced  1,551 64,896 14,955,501 Number of households View11,787 429,549 112,708,665 Average Household Size  2.00 2.43 2.54 Median Age View36.49 37.09 35.17  Income and Jobs Details  Newport02840  Rhode Island  National  Median Household Income View$44,804 $45,606 $45,683 Average household Income  ...
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