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COMMON PRACTICE: Ryan Antrop, broker-manager at Residential Properties Ltd. in Cumberland, says as long as inventory remains low, homebuyers will continue to include escalator clauses in their offers. / PBN PHOTO/RUPERT WHITELEY

Escalator clauses causing tricky situation in red-hot residential market

Escalator clauses have become so commonplace in today’s red-hot residential real estate market that real estate agents are having to navigate threats of litigation,...
STATELY SURROUNDINGS: The 9-acre Ker Arvor estate at 275 Harrison Ave., Newport, sold on Dec. 29 to a Silicon Valley tech executive and his wife, a novelist, for $7.3 million. / Courtesy Lila Delman Real Estate

GREAT ESCAPES: Pandemic helps fuel record-setting demand for high-priced R.I. homes

Even in a pandemic, money remains no object for the wealthy – at least for those with enough to buy one of Rhode Island’s...
PRIME REAL ESTATE: The oceanfront mansion at 10 Bluff Ave., bottom left, in Westerly’s Watch Hill is located a short distance from the iconic beach hotel Ocean House, top left, and pop singer Taylor Swift’s vacation home, not pictured. / COURTESY MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY/PEARL MACEK

R.I.’s height of luxury: Demand remains as volume of high-priced home...

The appetite for luxury homes along the Rhode Island coast doesn’t seem to be waning, as evidenced by two transactions above the $10 million...
THE PROPERTY at 238 East Shore Road in Jamestown was sold for $5 million. / COURTESY LILA DELMAN REAL ESTATE

Jamestown waterfront property sells for $5M

JAMESTOWN – The property known as Seaspray at 238 East Shore Road was sold for $5 million, according to Lila Delman Real Estate. The 3,562-square-foot...
THE PROPERTY at 692 Bellevue Ave. was sold for $3.5 million. / COURTESY LILA DELMAN REAL ESTATE

Bellevue Ave. property sells for $3.5M

NEWPORT – The property at 692 Bellevue Ave. known as “Seaglass” was sold for $3.5 million, according to Lila Delman Real Estate Monday. The 2,529-square-foot...

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