This week’s market update features 27 new properties to hit the local market! For several weeks now, there has been a consistent surge of new properties coming to the market. This is good news for home buyers and evidence that, despite extremely low inventory levels, there are and will be more opportunities for quality housing.
I suspect that this trend of low inventory levels will continue for some time and perhaps even forever. Technology now allows buyers to see available properties the minute that they hit the market. Consumers have a wide range of photos, floor plans, video, mapping tools, and even the ability to take a virtual walk down the street to get a feel for the property before they ever even leave their house. Because this high quality information is delivered to prospective buyers so quickly, the market is able to move very fast, and buyers can make a determination on each property shortly after it lists. The thought of all this information being available and housing inventory levels climbing back to numbers that used to be “typical” seems unlikely to me.
It doesn’t seem like a bad thing either. Buyers entering the market may have to see a few properties come and go before they are prepared to make a move on something. But otherwise, the search becomes less about combing through the active listings and searching for something that suits your needs, and more about monitoring the market’s new opportunities, obtaining accurate and detailed information about the subject property quickly, and consulting with your agent to determine what a reasonable offer price and terms might be. With this in mind, it has never been more important to have a real estate agent who is well-connected to the market and plugged into the agent community so they are made aware of new opportunities and properties that are “coming soon.”
In this week’s market update and perhaps in a few market updates going forward, we will only feature properties that are actively listed for sale. At the same time, we will tell you that there are other properties we know are “coming soon” to the market and will be available for sale soon. In fact, we have a specific and detailed list of properties that are not actively listed for sale but are definitely coming to the market within the next 30 days. If you call, email, text or otherwise reach out to myself or a member of the Chart House Realtors team, we will be able to give you all the juicy details you could ever ask for… including the address, asking price, some photos, and the date we expect the house to be available for showings. We can even schedule a time for you to see the property as soon as it hits the market, so you can be among the very first buyers to take a tour!
So, please continue to check out this weekly blog for all the newest properties to hit the local Rhode Island real estate market and also be sure to reach out to us personally so we can give you a little advanced notice on other properties that will be hitting the market soon! We strive to provide you with the most up to date information and details on the market, so you can make the most informed decisions possible.
The following properties are new to the market in the last 7 days:
Barrington
- 4 Anderson Drive: $439,000
- 217 Washington Road: $889,000
Bristol
- 11 Wilson Street: $285,000
- 243 State Street: $375,000
- 2 Beatrice Lane: $385,000
- 83 State Street: $850,000
Portsmouth
- 74 Cove Street: $250,000
- 3093 East Main Road: $319,900
- 85 Highland Avenue: $365,000
- 63 Long Meadow Road: $400,000
- 47 Marial Rose Drive: $625,000
- 19 Sloop Drive: $629,000
- 1 Tower Drive #402: $639,625
- 513 Bristol Ferry Road: $650,000
- 24 Coddington Way: $729,900
- 1115 Anthony Road: $1,200,000
East Side of Providence
- 87 Cooke Street, #2: $399,900
- 7 Mt. Hope Ave, #305: $399,900
- 229 Medway Street, #109: $409,000
- 120 122 Governor Street: $525,000
- 64 Keene Street, #2: $569,000
- 108 Butler Avenue: $649,000
- 268 270 Cole Avenue: $695,000
- 33 East George Street: $739,000
- 147 149 Power Street: $959,000
- 73 Everett Avenue: $995,000
- 40 Channing Avenue: $3,500,000
If you have any interest in seeing these properties or others, we would love to hear from you. The properties featured today are just a sampling of opportunities currently on the market. Feel free to contact us via phone or email, or click below to schedule a quick 15 minute phone call so we can hear more about your real estate goals.
About Chart House Realtors
Written by Matthew Antonio, Team Leader for Chart House Realtors in Barrington, RI.
Chart House Realtors combines the best aspects of size and scale. We are a small boutique firm with 7 full-time, local members. We operate out of our office in Barrington, RI conducting business throughout RI and MA. We are also affiliated with Keller Williams, which is the largest real estate brand in the world, with more agents, more sales and more reach than any other real estate company. So, our clients get the best of both worlds!
Our small, local size gives us the ability to craft a unique personalized plan for each and every client. At the same time, the size and scale of Keller Williams allows us to reach buyers and sellers on a national and international level. Year-to-date, Chart House is ranked among the top 1% in sales across all agents in Rhode Island and Massachusetts.
If you are considering buying or selling property anywhere in Southern New England, we would love to hear from you.