David Huberman - Providence Business News

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

Cover Story 03/15/2024

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.  COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

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

Editorial and Op-Ed 03/15/2024

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. COURTESY LILA  DELMAN COMPASS

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

Cover Story 03/03/2023

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...

Cover Story 03/04/2022

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

Cover Story 12/07/2018

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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