Newport County luxury homes sales in 2021 mostly out-of-state buyers

An examination of out-of-state consumers in the course of the months of June by way of August shows a continuous boost in purchasers from other states. Historically, the coastal communities of Newport, Washington and Bristol counties attract the most potential buyers from other states. 

This 12 months, they accounted for 39% of complete revenue in Newport County, 35.5% in Washington County and 31.5% in Bristol County. Providence County attracted 23.7% of its consumers from other states and 17.2% of Kent County buyers hailed from outdoors of Rhode Island.

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In the luxurious sector, 59.2% of Washington County product sales of superior-close attributes – those people that marketed for $1 million or far more – came from outside of Rhode Island, while 55% of Newport County’s and 47.2% of Bristol County’s luxurious gross sales associated out-of-condition buyers.