December 30th PROVIDENCE, RI – As the year approaches its end, Lila Delman Real Estate International notes a strong year for Rhode Island’s luxury market. The firm, which focuses on marketing unique homes, was responsible for the sale of Newport’s Fairholme Estate this summer. The $15 Million sale marked the highest residential property sold in Rhode Island in over two years. “There is a lot of interest in Rhode Island, not only as a second home market but as a place to raise a family” said Melanie Delman, President of Lila Delman Real Estate International. A recent article by REALTOR.com might just reinforce Delman’s thoughts.
The official site of The National Association of Realtors, REALTOR.com, recently released a list of 2016’s “Top 10 Real Estate Markets to Watch.” In the lists number one spot, Providence, RI. According to the article, an Economist at REALTOR.com ran listing data through a statistical model to help make this year’s choices. The model took employment rates, household income, and other key demographics into account. Among the top spots are Boston MA, San Diego CA, and St. Louis MO.
According to data from the Rhode Island State Wide Multiple Listing Service, this year has been a year of growth in Rhode Island real estate sales. An estimated 8,928 single family homes were sold in the Ocean State last year. This year that number reaches about 9,528, representing a 6.7% increase. The luxury market for homes sold over $1 Million has also seen a jump in sales this year to the tune of a 5.3% increase over last year. “We have to stay on top of the trends in our industry” Said Delman “That’s why reviewing this data and being attentive to the services that boost our clients exposure is at forefront of our plan for 2016.” Lila Delman Real Estate, Delman’s family owned business since 1964, was involved in just under half of all Rhode Island sales over $1 Million in 2015.
ABOUT LILA DELMAN REAL ESTATE INTERNATIONAL
Lila Delman founded the company’s original office in Narragansett over 50 years ago. Since then, Lila Delman Real Estate International has grown to include 6 strategically located offices, over 90 associates, a marketing department that creatively uses online social media, and an award-winning website. Utilizing international marketing partners such as Christie’s International Real Estate, Mayfair International Realty and Luxury Portfolio, the firm is consistently a frontrunner in the luxury market. For more information, please visit LilaDelman.com .
For more information, please contact Dom Costa at Lila Delman Real Estate International at 401-848-2101 or email email@example.com