Come See the Model Townhomes at Seafare!

Hogan Associates of Newport, RI is proud to announce the newest condominium community on Aquidneck Island!  The new townhouse condominiums at Seafare in Portsmouth, RI are now open to view.  These quality homes offer an exceptional value starting at $237,900 with amenities uncommon at these prices.

New Portsmouth, RI Townhomes with all the Features You could ever want!

Standard features include hardwood floors,granite countertops, master bedroom suites, Pella windows, central air, 1 car garage, full 9’ basement, private porch and deck and much more.

Open Houses every Saturday and Sunday

The community will consist of 33 townhouses and is conveniently located one short mile from route 24.  Public…

3805 Views, 0 Comments


Dockominiums - a permanent berth for your vessel

It's that time of year again when every Newport, RI boat owner wonders where they're going to put their boat for the summer.  One option many overlook is buying their own dockominium and securing their space forever.  As the economy improves so does the size of the waiting lists for space in the marinas.

Newport Harbor has 2 different spots to buy a dockominium.  One is at Lee's Wharf Marina and the other is Newport Onshore Marina.  In the last five years both associations have completely renovated all the docks making for a great experience. 

Many people ask the form of ownership they will get if they buy a dockominium.  Dockominiums are transferred just like any other condominium in Rhode Island …

4971 Views, 0 Comments


A great 2013 Buying Opportunity in Portsmouth, RI

Everyday RI homebuyers ask, “Should I buy now, or should I wait for a better deal?"  

These days my answer is decisive: “NOW is the time.”  

Coming from a real estate broker, these words can seem like a sales pitch - a canned response suitable for any market.  I am writing today to give you facts to back up my opinion.  I hope, 10 years from now, someone who bought a house after reading this blog will thank me for pushing them over the edge.  I imagine how happy they will be with a 3.5% mortgage on a low purchase price negotiated during one of the strongest buyers' markets of our lifetime.  Ten years down the road they will have significant equity in their home, and this will give them the freedom to…

4015 Views, 0 Comments

If the Real Estate catchphrase of 2012 was “interest rates” 2013 will be “inventory”.  So far it’s been a fantastic and frustrating 2013 for us realtors here in Newport, and per the media, we’re not alone.  Inventories nationally are at 13 year lows.  As I mentioned in a blog post back in November, inventory levels were continuing to decrease, pointing towards a renewed seller’s market.  Looking at charts here in Newport County the trend doesn’t seem to be changing.  

inventory levelsThese charts make me think back to my Economics Classes at Saint Anselm College with Professor Romps, specifically about supply, demand and the “invisible hand”.  Prof. Romps was a 6’3” 280lb angry 65 year old man.  It was impossible to fall asleep in his class even at 9am on Friday. In…

2187 Views, 0 Comments

Luxurious Ocean Drive Home at 18 Winans Av, Newport, Rhode Island, 02840 - MLS® #1027978

View the video for this incredible ocean view Cape Cod home on Ocean Drive that includes deeded beach rights on a half acre lot.

Get more information about this Ocean Drive home, or feel free to contact us with any questions you may have.

1880 Views, 0 Comments

UFO Display by Newport Boys & Girls Club

You could be forgiven for thinking we Newporters hibernate all winter with nothing to do.  You would be sorely mistaken, however, as winter activities abound here, including one of my glittery favorites, the Annual Illuminated Garden at Ballard Park which will take place February 21st, 22nd and 23rd from 6:00 - 9:00 PM.

Ballard Park is Newport's only nature Preserve.  It is supported by an active non-profit group, and every February the Friends of Ballard Park collect old Christmas lights, yards of extension cords, lampshades and other artsy materials in preparation for a really big outdoor show.  Local school groups, companies, artists, teachers and, well, just about anybody who wants to create a dazzling…

5054 Views, 0 Comments

Capitol Hill

The ball at Time Square wasn't the only thing that dropped last night.  The US economy took a cliff dive thanks to our elected officials on Capital Hill.  The so-called “fiscal cliff” has been looming for months.  The Senate threw out a life line passing a Bill on New Year’s Day but the House must ratify the Bill before it is presented to The President. 

So we’re not there yet, but here’s an outline from the current Bill explaining how it affects your real estate and what it means for 2013:

1. CAPITAL GAINS

-Capital Gains and dividends rose from 15% to 20% depending on your tax bracket.  Please keep in mind, the exclusion of $250,000 for singles and $500,000 for married couples is still in place, so as long as you’ve owned your home for at least…

2361 Views, 1 Comments

Astor's Beechwood renovationRestoration of Astor's Beechwood underway 12/30/12



on Bellevue Avenue, Newport, RI

Yesterday, while cruising down Newport's Bellevue Avenue, I glanced over at Astors' Beechwood and, much to my surprise, it wasn't there!  After a quick double take I realized the big, beige Italiante mansion WAS in fact there, but it was no longer the cream-colored wedding-cake-of-a-house I remembered, but rather a somber red brick edifice with pale quoining along the corners and roof line.

It's a temporary look, as plans call for the reapplication of the stucco, but the mansion's current "nakedness" combined with the wintery, leafless landscape accentuates the dignity of the original architecture.

Astors' Beechwood is undergoing a complete restoration thanks…

20749 Views, 7 Comments

Hopedene Newport RIHopedene, Newport, RI, sold $16M 12/19/12

It was another stellar day for Newport, RI luxury real estate as word spread that Gustave White Sotheby's brokered the sale of Hopedene for $16M. The sale was Rhode Island's highest recorded sale this year and the second highest ever. 

Located on Cliff Avenue with a sweeping lawn and stunning views of First Beach and the Atlantic, Hopedene was designed by Peabody and Stearns and completed in 1902 for Elizabeth Hope Gammell Slater.

Interior designer Ogden Codman, Jr. built an addition in 1913 and redesigned the Georgian Revival mansion when Charles P. Patterson, a NY antiques dealer purchased the home.

When he died, Mr. Patterson left Hopedene to Newport's Preservation Society and in 1983 Britty Cudlip…

11077 Views, 0 Comments

I am about to make a bold statement about the Newport, RI real estate market – a statement that’s been made nearly every year since 2006. This time, however, the evidence is strong, sustained and hard to refute, so here it goes:

 Newport's residential real estate market has finally, officially, turned a corner.

 If you don’t believe me, consider these Newport and Aquidneck Island real estate metrics from RI’s Multiple Listing Service.

2 Years Median price vs. inventory, Newport, RIMedian price vs. inventory, Newport, RI, 11/8/12

Iventory

The decrease in the number of homes on the market (the dark line) from fall 2011 to fall 2012 is startling!  Approximately 200 homes were on the market last fall versus 130 this fall! Down 35%. Take a look at this chart displaying 4 years of price vs.…

2564 Views, 1 Comments