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Newport Luxury Real Estate Trending Up and Down

Posted by Leslie Mathieu Hogan on Saturday, August 14th, 2010 at 1:02pm.

Here's a quick look at what's happening in Newport in with our most expensive properties.  This graph represents the top quartile of listings in Newport - in other words, the most expensive quarter of the market.  Inventory is about 15% higher than it was last fall, but prices are adjusting down creating opportunities for buyers in the market for an upscale home.  If you've been on the fence, this might be the right time to make a move...

P.S. Our research is updated weekly, so check back often and keep your finger on the pulse of things.

Real Estate Market Chart by Altos Research www.altosresearch.com

Leslie Hogan, Broker / Owner, Hogan Associates, 129 Bellevue Ave., Newport, RI  02840 401-845-9513, f. 401-633-6447

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