Rhode Island Real Estate. Information and commentary on the real estate market in RI. We have an office on Bellevue Avenue in Newport, RI and another office on Main Street in Wickford, RI. We are planning expansion throughout the state. William Raveis is the 12th largest real estate firm in the nation and the largest family owned real estate firm in New England. From Manhattan to Maine, we are New Englands real estate company. apartments
RECENT BLOG POSTS
The function of any market is supply and demand. The real estate market is a function of supply - number of available properties on the market and demand - a function of consumer confidence, employment and cost of money or interest rates. So, here we are on the first day of Spring 2007. What's...
The local market continues to improve. Supply down 30% since August 30, 2006 and demand up over 10% versus 2006. We anticipate a very active spring and already have seen several multiple bid scenarios. Demand is BACK!!!
So we are coming down to the end of the year and just as we have been saying all year, the sky is NOT falling. Neither are prices! But inventory is!!!! We track the markets very closely. Here's some interesting facts: 12/21/2006Newport Single Family Active Sold Average Sales Per Month Mo...
As we have been saying for some time now, the market may have hit bottom. Overall transaction volume is off by an average of 25% but median and average prices are holding steady with some markets seeing rises in property values. One market that is way up on transaction volume is Lincoln RI as e...
Once again the numbers tell the story. The average and median prices for homes have NOT dropped, in fact some communities are still seeing double digit appreciation. The overall activity has dropped between 7% to 30% in our area but the prices have remained stable. What does this mean? What w...
If you have ever visited Newport and fallen in love with the area, ( I was born here so I'm a bit biased), please visit our website to check out property listings. www.chapmanenstone.comThank you.Arthur Chapman