Found 2 blog entries tagged as Market.

BEFORE

 

Here’s a happy house-flipping story to start your weekend off right. 

Fixer-uppers are not for everyone, but this little gem in Middletown is a Cinderella story worth sharing:

It started with a closing on a sad little house in need of major TLC. It ended 2 months later with a 7-day listing, a full price offer and an exhausted, but happy Seller.

Time and Effort are the life blood of flips. They must look brand new. When they do, people buy them. It’s that simple. If you plan to do it yourself, get ready for some aches and pains. If you do it right, however, the rewards can be great.

Location is key for a successful flip. This one was on the Middletown Newport line near parks, restaurants and coffee shops. Once the location checked…

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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.…

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