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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. 

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...
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. 

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...
MARQUEE SALE: The coastal estate known as Treasure Hill, located at 2 Kidds Way in Westerly, was the most expensive home sale in Rhode Island in 2022 at $17.7 million and one of only two of last year’s top 10 home sales to reach eight figures.

JUST CHILLING: White-hot R.I. luxury market shows early sign of cooling...

By most measures, 2022 was a banner year for Rhode Island’s luxury real estate market. A total of 617 homes sold for more than...
TOP SALE: The $30 million sale of Clarendon Court, a 7-acre seaside estate located on Bellevue Avenue in Newport, in early September 2021 is the highest price ever paid for a home in Rhode Island. / COURTESY MIKE OSEAN

MANSION MANIA: Newport ‘cottages’ set sales records in 2021, but what’s...

As the COVID-19 pandemic took hold in Rhode Island in April 2020, John Hodnett worried about not only the health crisis but the effect...
DECLINING ATTENDANCE: Monsignor Raymond Bastia, vicar of finance for the Diocese of Providence, said scandals involving priests who have been convicted of molestation have been a contributing factor to declining attendance at parishes, but other factors, such as a shortage of parish priests and a shift in American culture away from organized religions, also weigh heavily in the situation the Catholic Church is facing. / PBN PHOTO/MICHAEL SALERNO

Catholic dioceses are contracting, creating unique opportunities for the right buyers

Our Lady of Mt. Carmel Church, in the Federal Hill neighborhood of Providence, was the boyhood church of Monsignor Raymond Bastia, now the vicar...
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