It’s been a terrific summer for Newport, RI’s Hogan Associates Real Estate. In September we broke all of our own records for contracts and sales, and we represented the happy new owners of Daybreak, a waterfront home on 6 beautiful acres in Jamestown. At $6,400,000, it was the highest sale in RI this year but also one of the most highly discounted selling for $3,100,000 less than the original asking price, which just goes to show you, there are bargains to be had in all price ranges.
In addition…Ta Da! Our new real estate office at 129 Bellevue Avenue in Newport, RI is open and ready for business! It’s great to be on The Avenue right in the thick of things. As I rearrange the office furniture (decorating therapy) it’s heartening to hear passersby tap on the windows and consider our listings. This location, diagonally across the intersection from Talbot’s, affords a front row seat to the parade of people moving in and out of our beautiful town. We’ve even had a few friendly walk ins – most gratifying.
Our agents report a bump in activity this month, more people out looking, more offers, more successful contracts. It’s still no bed of roses for buyers or sellers, but a more realistic outlook seems to be taking hold during this post-vacation period. Here’s hoping the trend continues.