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October 2013

Found 3 blog entries for October 2013.

Hogan Associates Real Estate has just reduced the price on the Seafare Residences, creating an exceptional opportunity for first time homebuyers to enter the Real Estate market and own a home of their own. Entry-level townhomes start at just $189,000. 

For the empty nester looking to downsize, the newest models will offer much sought after first floor master suites. The newly constructed condominiums feature: garages, central air conditioning, full basements, decks and fenced in patio areas.

 Work on the landscaping has just begun and soon Seafare will feature open green areas and tree lined streets. 

 For more information, please visit: www.seafareliving.com 

 

 

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The Government Shutdown may affect Real Estate over the coming weeks. Perhaps not market values, but existing transactions, and buyers looking to make offers.  Being a Realtor, I’m certainly not furloughed and neither are most other private sector jobs.  But in a community like Newport RI, it may end up affecting us more directly than we’d like.

 

Nearly 900,000 federal employees were told not to come into work on Tuesday.  That’s nearly a third of all persons being paid directly by the US.  These people include members of the DoD, National Parks, Memorial Administration, FHA and IRS.  Since 1975 there have been 17 government shutdowns, averaging nearly a week. Ranging from 1 to 21 days each.

 

How it Affects Newport County:

 

Here in Newport

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Class A office and retail space is now available in Newport. Located in the heart of Newport's wharf district, 10 Brown & Howard residential, retail and office development is nearing completion. Marketed by Jen Pierik and Matt Hadfield of Hogan Associates Real Estate, the first office condo sale came in at full asking price prior to being put on the market. The 1750 sq ft office space is the first of the seven Office/Retail condos to be put under agreement. With a high demand for newly constructed Class A Space, it is not surprising a sale happened so quickly. Local developer, Mark Bard, who had the vision to develop the site, knew Newport needed a building like 10 Brown & Howard. Based on the response from perspective buyers, Bard was absolutely correct.

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