RISMedia, recognized as one of the real estate industry’s definitive sources for news and information, recently released the results of its 31st Annual Power Broker Report Top 500, ranking Residential Properties Ltd. among the top producing real estate companies in the entire country. RPL is the only real estate company based solely in Rhode Island to appear on the Top 500 list, coming it at #332 in the nation with $858,982,295 in total sales volume during 2018.
For the fourth consecutive year, Residential Properties Ltd. led all firms in overall Rhode Island sales transactions during 2018, as well as total sales volume – finishing over $300,000,000 ahead of the next closest competitor.[¹]
The results of the report reveal that the Top 1,000 Power Brokers earned $1,424,776,652,825 in sales volume and garnered a total of 3,881,412 transactions during 2018. However, this success did not come without its challenges. Among the top issues reported were a lack of inventory (49 percent of Power Brokers), brewing economic uncertainty (25 percent), industry disruptors (13 percent), and increasing interest rates (8 percent). Despite these challenges, companies mostly reported feeling “cautiously optimistic” about 2019, a perception held by 59 percent of Power Brokers this year, compared to 52 percent during 2018.
The RISMedia Power Broker Report is packed with interactive research charts, year-over-year data, and detailed Power Broker Profiles. Visitors can also utilize the innovative, dynamic directory to search the Top 1,000 Power Brokers by sales volume, company name, brand, and transaction rank. Each Power Broker Profile includes their 2018 sales volume and transactions, as well as comparisons to past years, their ranked status, their agent count and number of offices, and other important information.
To learn more about the RISMedia Power Broker Report and view the complete rankings, please CLICK HERE.
[¹] This statement is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. as of May 2019.
Photo Courtesy of Benjamin Willett of Keller Williams Realty Newport
This beautiful penthouse sits right in downtown Newport and enjoys stunning views out to Newport Harbor and all the highlights of Narragansett Bay, including Fort Adams Park and multiple islands. Enjoy the views from either level of the unit’s open layout or head up to the rooftop for a full 360 panoramic view of the renowned landscape.
The Selling Agent, Lori Eley, is a lifelong Rhode Island resident who has lived in Narragansett for over 13 years. Lori specializes in condominiums, single family homes, vacant land, investment properties as well as waterfront, luxury homes. To find out more about Lori and to view her current listings, visit her bio page at ResidentialProperties.com.
Residential Properties Ltd is excited to announce the sale of 345 Thames, Unit 506 for $1,675,000 – the highest condominium sale on the East Bay since 2010. The listing agent for this property was Sales Associate Morgan Lowis, a member of RPL’s Barrington office.
This stunning Stone Harbour penthouse boasts breathtaking panoramic views of Bristol Harbor and Narragansett Bay that you can enjoy inside or from the wraparound deck that encompasses the entire penthouse unit. The open-concept floor plan is ideal for entertaining, with a living room, dining room, and kitchen that flow seamlessly together. This unique corner unit features two suites including a large master suite with a spa-style bathroom and private access to the wraparound deck.
According to MLS, this is the highest sale of any kind on the East Bay this year and is the highest condominium sale on the East Bay since 2010. RPL has now listed four of the five properties to sell for over $1,000,000 on the East Bay this year.
The listing agent, Morgan Lowis, who currently lives in Bristol, grew up in the East Bay and is active in the community. Morgan previously owned a firm that specialized in executive recruitment became a multi-million dollar after only two years of being a real estate agent. For more information on Morgan, and to view her current listings, please visit her bio page at ResidentialProperties.com.