Friday, April 12, 2024

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Real Estate

R.I.’s median home price rises to $440K in February

WARWICK – The median price of single-family homes sold in Rhode Island continues to climb, rising 14.6% in February from a year earlier to...
PROVIDENCE'S FIRST SKYSCRAPER at 10 Weybosset St., commonly known as the "Amica Building," was purchased by Paolino Properties LP for $12 million. / COURTESY LOOPNET/COSTAR

Paolino Properties acquires ‘Amica Building’ in Providence for $12M

PROVIDENCE – The city’s first skyscraper and former home of Amica Mutual Insurance Co. in downtown is now part of Paolino Properties LP’s portfolio. The...

Median home sale prices in Bristol County, Mass., up 4.2% in...

PROVIDENCE – The median price of single-family homes sold in Bristol County, Mass., rose to $447,000 in February, a 4.2% jump over the same...

Historic colonial in Wayland Square in Providence sells for $1.39M

PROVIDENCE – A 4,660-square-foot colonial constructed in 1911 in Wayland Square on the East Side of Providence recently sold for $1.39 million, according to...
HIGH POINT: 
Sea View Villa on Easton's Point in Middletown, which had been in the Spiratos family since 1945, was the highest-priced house sale in Rhode Island for 2023 at $15 million. 
COURTESY GUSTAVE WHITE SOTHEBY'S INTERNATIONAL REALTY

Sales of luxury homes dampened by owners unwilling to let go

Supply and demand are equally important to support a thriving real estate market, but often they’re not equally balanced. That was the case in...
ALL ABOUT FUN: Allie Readyhough Shore, broker associate at Mott & Chace Sotheby’s International Realty, stands in a fully stocked game room in the basement of a home in South Kingstown. These types of amenities and much more are a big trend in high-end homes these days. 
PBN PHOTO/­MICHAEL SALERNO

Hotel amenities in high-end homes are reaching new heights

The residential real estate market has a case of “amenity creep,” a term historically used to describe the hotel and resort industry’s desire to...
ONE OF THE PLANS for the Winnapaug Country Club is to build 2,300 residential unit in 90 buildings on the Westerly golf course. / SCREENSHOT OF WINN PROPERTIES LLC FILING

In Westerly, a choice: golf resort or housing development

Two vastly different redevelopment proposals for the Winnapaug Country Club in Westerly – one creating a golf resort, the other a 2,300-unit housing development...
SHORT SUPPLY: Luxury homes 
have become 
more scarce on the market in recent years. Middletown’s Sea View Villa, pictured above, sold for $15 million in 2023, the top sale for the year. 
COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

Demand outstripping supply of high-end R.I. homes

The once-white-hot market for high-end homes in the Ocean State has cooled ever so slightly. But Realtors say that’s mostly because fewer owners are...
PRICY PAD: The listing for a 1,746-square-foot apartment in The Residences Providence on Apartments.com. Monthly rent: $6,800. Much like less-expensive housing in Rhode Island, luxury apartments are in short supply in the state. 
SCREENSHOT VIA APARTMENTS.COM

In R.I., high-end apartments are in demand, too

As apartment rents continue to soar within Rhode Island, even those with luxury budgets are feeling the squeeze. Currently, the most expensive apartment in Rhode...

R.I. Housing Department appoints Booker as executive director of homelessness, community...

PROVIDENCE – The R.I. Department of Housing has appointed Tara Booker as the executive director of homelessness and community supports. Booker will earn a salary of...
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