Showing posts with label Bridget Morrissey Westerly Realtor. Show all posts
Showing posts with label Bridget Morrissey Westerly Realtor. Show all posts

Friday, February 14, 2020

Westerly Real Estate Market Report February 2020 by Westerly Realtor Bridget Morrissey

Westerly Real Estate Median List Price September 2018 from Westerly Realtor Bridget Morrissey

Westerly Realtor Bridget Morrissey presents the Westerly Real Estate Market Activity Summary. The report includes Median Sales Price, Number of New Listings, Number of Homes for Sale, Pending Sales, Closed Sales and Median Days on Market. 

Call or text Westerly Realtor Bridget Morrissey about Westerly homes for sale at 860-857-5165.

Westerly Real Estate Median List Price September 2018 from Westerly Realtor Bridget Morrissey

February Real Estate Market Report CLICK HERE.

Call or text Westerly Realtor Bridget Morrissey at 860-857-5165!

According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles. From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach. Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived. Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.



Westerly Real Estate Median List Price September 2018 from Westerly Realtor Bridget Morrissey

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula. Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport. Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.
Call or text Westerly Realtor Bridget Morrissey at 860-857-5165!
Westerly Real Estate Median List Price September 2018 from Westerly Realtor Bridget Morrissey

Bridget Morrissey Group brokered by eXp Realty in Westerly RI

Tuesday, June 18, 2019

Westerly Real Estate Market Activity Summary for the month of May 2019





The Westerly Real Estate Market Activity Summary for the month of May 2019 is brought to you by Westerly Realtor Bridget Morrissey. It shows that there were 31 homes sold and 33 are pending. There were 100 active homes for sale in Westerly in May. Eleven units were sold in 0-30 days, six in 31-60 days, eight in 61-90 days, four in 91-120 days, none in 121-180 days, one in 181-365 days and one took over a year to sell. For the entire Westerly Real Estate Market Report from Westerly Real Estate Agent Bridget Morrissey please click HERE.

Bridget Morrissey is an award-winning Realtor serving southeastern Connecticut and southern Rhode Island.

Always on the move, and so are her clients!







Thursday, April 18, 2019

Supercharge your Smartphone for Real Estate

bmre.us/smartphone


Step into the future of Real Estate and Supercharge your Smartphone!  

Download the mobile app for up to the minute real estate data. Click on the image or text "listings" to 860-946-4426. 




Thursday, February 21, 2019

Tax Deductions for Homeowners: How the New Tax Law Affects Mortgage Interest

Tax season is upon us once again, and to make it even more interesting this year, the tax code has changed — along with the rules about tax deductions for homeowners. The biggest change? Many homeowners who used to write off their property taxes and the interest they pay their mortgage will no longer be able to.
Stay calm. This doesn't automatically mean your taxes are going up. Here's a roundup of the rules that will affect homeowners — and how big of a change to expect.
Related: Are Closing Costs Tax Deductible?

Standard Deduction: Big Change

The standard deduction, that amount everyone gets, whether they have actual deductions or not, nearly doubled under the new law. It's now $24,000 for married, joint-filing couples (up from $13,000). It's $18,000 for heads of household (up from $9,550). And $12,000 for singles (up from $6,500).
Many more people will now get a better deal taking the standard than they would with their itemizable write-offs.
For perspective, the number of homeowners who will be able to deduct their mortgage interest under the new rules will fall from around 32 million to about 14 million, the federal government says. That's about a 56% drop.
"This doesn't necessarily mean they'll pay more taxes," says Evan Liddiard, a CPA and director of federal tax policy for the National Association of REALTORS® in Washington, D.C. "It just means that they'll no longer get a tax incentive for buying or owning a home."
So will you be able to itemize, or will you be in standard deduction land? This calculator can give you an estimate.
If the answer is standard deduction, you'll be pleased to know that tax forms are easier when you don't itemize, says Liddiard. Find instructions for IRS Form 1040 here.

Personal Exemption Repealed

One caveat to the increase in the standard deduction for homeowners and non-homeowners is that the personal exemption was repealed. No longer can you exempt from your income $4,150 for each member of your household. And that might temper the benefit of a higher standard deduction, depending on your particular situation. 
For example, a single person might still come out ahead. Her $5,500 increase in the standard deduction is more than the $4,150 lost by the personal exemption repeal.  
But consider a family of four with two kids over 16 in the 22% tax bracket. They no longer have personal exemptions totaling $16,600.  Although the increase in the standard deduction is worth $2,420 (11,000 x 22%), the loss of the exemptions would cost them an extra $3,652  (16,600 x 22%).  So they lose $1,232 (3,652 – 2,420).
But say their two kids are under 16, giving them a child credit worth $2,000. That offsets the loss resulting in a $758 tax cut.
The takeaway: Your household composition will probably affect your tax status.

Mortgage Interest Deduction: Incremental Change

The new law caps the mortgage interest you can write off at loan amounts of no more than $750,000. However, if your loan was in place by Dec. 14, 2017, the loan is grandfathered, and the old $1 million maximum amount still applies. Since most people don't have a mortgage larger than $750,000, they won't be affected by the cap.
But if you live in a pricey place (like San Francisco, where the median housing price is well over a million bucks), or you just have a seriously expensive house, the new federal tax laws mean you're not going to be able to write off interest paid on debt over the $750,000 cap.

State and Local Tax Deduction: Degree of Change Varies by Location

The state and local taxes you pay — like income, sales, and property taxes — are still itemizable write-offs. That's called the SALT deduction in CPA lingo. But. The tax changes for 2019 (that's tax year 2018) mean you can't deduct more than $10,000 for all your state and local taxes combined, whether you're single or married. (It's $5,000 per person if you're married but filing separately.)
The SALT cap is bad news for people in areas with high taxes. The majority of homeowners in around 20 states have been writing off more than $10,000 in SALT each year, so they'll lose some of this deduction. "This is going to hurt people in high-tax areas like New York and California," says Lisa Greene-Lewis, CPA and expert for TurboTax in California. New Yorkers, for example, were taking SALT deductions around $22,000 a household.

Rental Property Deduction: No Change

The news is happier if you're a landlord. There continue to be no limits on the amount of mortgage debt interest or state and local taxes you can write off on rental property. And you can keep writing off operating expenses like depreciation, insurance, lawn care, and utilities on Schedule E.

Home Equity Loans: Big Change

You can continue to write off the interest on a home equity or second mortgage loan (if you itemize), but only if you used the proceeds to substantially better your home and only if the total, combined with your first mortgage, doesn't go over the $750,000 cap ($1 million for loans in existence on Dec. 15, 2017). If you used the equity loan to pay medical expenses, take a cruise, or anything other than home improvements, that interest is no longer tax deductible.
Here's a big FYI: The new rules don't grandfather in old home equity loans if the proceeds were used for something other than substantial home improvement. If you took one out five years ago to, say, pay your child's college tuition, you have to stop writing off that interest. 

4 Tips for Navigating the New Tax Law

1. Single people may get more tax benefits from buying a house, Liddiard says. "They can often reach [and potentially exceed] the standard deduction more quickly." You can check how much you're likely to owe or get back under the new law on this tax calculator.
2. Student loan debt is deductible, up to $2,500 if you're repaying, whether you itemize or not.
3. Charitable deductions and some medical expenses remain itemizable. If you're generous or have had a big year for medical bills, these, added to your mortgage interest, may be enough to bump you over the standard deduction hump and into the write-off zone.
4. If your mortgage is over the $750,000 cappay it down faster so you don't eat the interest. You can add a little to the principal each month, or make a 13th payment each year.


Monday, January 29, 2018

Westerly Real Estate Market Report



The Westerly Real Estate Market Report is a monthly statement of the average sales price for and number of  2 BR, 3 BR and 4 BR homes sold, the total number of sales, the number of active homes for sale , the number of homes for sale pending, and the average listing price of Westerly homes for sale.

Real Estate Trends 2018  Westerly
SOLD UNITS
JANUARY 2 BR 3BR 4BR TOTAL ACTIVE PENDING  EXPIRED
Total Units 2 11 3 16 83 21 4
Average Price 263750 404627 434833 392681 1439907 334438 429675
Year To Date 2 BR 3BR 4BR TOTAL ACTIVE PENDING  EXPIRED
Total Units 2 11 3 16 83 21 4
Average Price 263750 404627 434833 392681 1439907 334438 429675














According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.


From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.



Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.





Wednesday, December 27, 2017

Westerly Real Estate Market Report December 2017 from Bridget Morrissey



The Westerly Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Westerly homes for sale.



According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.

Number of sold homes in 02891, Westerly
From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


02891, Westerly average property price
Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


02891, Westerly – number of properties
Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.


02891, Westerly average price per square foot

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.




Sunday, December 24, 2017

Westerly Neighborhoods – Misquamicut








According to Fox 61 News, Misquamicut State Beach in Westerly, Rhode Island, has made a top 10 list of affordable beaches for families in the US by Family Vacation Critic.

The beaches were hand-picked by the editors of Family Vacation Critic and Misquamicut was recognized for offering showers, restrooms, a snack stand, gift shop and lifeguards.

Recognized as being popular with local beach-goers, the beach was listed as a top trip for travelers, who will appreciate the beach’s “calm waters and laid-back, yet fun-filled location in Westerly, with nearby attractions including Watch Hill Lighthouse, classic amusements at Atlantic Beach Park, and a statue of Mrs. Potato Head.” Also mentioned was the Water Wiz of Westerly, a water park with three slides located on the beach.

Friday, December 22, 2017

Westerly Neighborhoods – Downtown






The Westerly Downtown Historic District is a historic district encompassing most of the commercial and civic business district of Westerly. It extends from Broad and Union Streets eastward along High Street, and north along Canal Street to Railroad Avenue, where it extends to include the historic railroad station.

The district contains a compact and cohesive collection of commercial and civic buildings built primarily during the later part of the 19th and early part of the 20th century. Prominent buildings in the district include the Old Town Hall (1872–74), current Town Hall (1912), the Spanish Colonial railroad station (1912), and the Classical Revival Post Office.



Monday, November 27, 2017

Westerly Real Estate Market Report November 2017 from Bridget Morrissey



The Westerly Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Westerly homes for sale.



According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.

Number of sold homes in 02891, Westerly
From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


02891, Westerly average property price
Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


02891, Westerly – number of properties
Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.


02891, Westerly average price per square foot

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.




Friday, October 27, 2017

Westerly Real Estate Market Report October 2017 from Bridget Morrissey



The Westerly Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Westerly homes for sale.



According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.

Number of sold homes in 02891, Westerly
From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


02891, Westerly average property price
Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


02891, Westerly – number of properties
Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.


02891, Westerly average price per square foot

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.




Tuesday, October 24, 2017

Westerly Neighborhoods – Dunn’s Corners



Dunn's Corners in Westerly RI has it made with shopping and close proximity to the famed Misquamicut Beach for swimming and boating. There are plenty of baseball fields and golf courses close byand a wide variety of restaurants to choose from as well.

The train station is downtown but the Westerly State Airport is in the neighborood. It serves several roles for the South County area, including corporate aviation service, extensive aircraft maintenance and repair and regularly scheduled air passenger service to Block Island.

Wednesday, September 27, 2017

Westerly Real Estate Market Report September 2017 from Bridget Morrissey



The Westerly Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Westerly homes for sale.



According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.

Number of sold homes in 02891, Westerly
From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


02891, Westerly average property price
Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


02891, Westerly – number of properties
Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.


02891, Westerly average price per square foot

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.




Sunday, September 24, 2017

Westerly Neighborhoods – Misquamicut








According to Fox 61 News, Misquamicut State Beach in Westerly, Rhode Island, has made a top 10 list of affordable beaches for families in the US by Family Vacation Critic.

The beaches were hand-picked by the editors of Family Vacation Critic and Misquamicut was recognized for offering showers, restrooms, a snack stand, gift shop and lifeguards.

Recognized as being popular with local beach-goers, the beach was listed as a top trip for travelers, who will appreciate the beach’s “calm waters and laid-back, yet fun-filled location in Westerly, with nearby attractions including Watch Hill Lighthouse, classic amusements at Atlantic Beach Park, and a statue of Mrs. Potato Head.” Also mentioned was the Water Wiz of Westerly, a water park with three slides located on the beach.

Friday, September 22, 2017

Westerly Neighborhoods – Downtown






The Westerly Downtown Historic District is a historic district encompassing most of the commercial and civic business district of Westerly. It extends from Broad and Union Streets eastward along High Street, and north along Canal Street to Railroad Avenue, where it extends to include the historic railroad station.

The district contains a compact and cohesive collection of commercial and civic buildings built primarily during the later part of the 19th and early part of the 20th century. Prominent buildings in the district include the Old Town Hall (1872–74), current Town Hall (1912), the Spanish Colonial railroad station (1912), and the Classical Revival Post Office.



Sunday, August 27, 2017

Westerly Real Estate Market Report August 2017 from Bridget Morrissey



The Westerly Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Westerly homes for sale.



According to Wikipedia, Westerly becomes a large tourist attraction during the summer months during which the population nearly doubles.

Number of sold homes in 02891, Westerly
From east to west, well-known beaches include Weekapaug Beach, Westerly Town Beach, Misquamicut State Beach, East Beach and Watch Hill Beach.


02891, Westerly average property price
Weekapaug is a Native American word meaning "end of pond". Niantics, Pequots, and Narrangansetts lived in this area before early settlers arrived.


02891, Westerly – number of properties
Misquamicut Beach is a three-mile length of beach that extends westward from Weekapaug to Watch Hill and separates Winnapaug Pond from the Atlantic Ocean.


02891, Westerly average price per square foot

Watch Hill is an affluent coastal village in the town of Westerly, Rhode Island. It sits at the most-southwestern point in all of Rhode Island, excluding Block Island. Watch Hill came to prominence in the late 19th and early 20th century as an exclusive summer resort, with wealthy families building sprawling Victorian-style "cottages" along the peninsula.

Watch Hill is characterized by the New York Times as a community "with a strong sense of privacy and of discreetly used wealth", in contrast with "the overpowering castles of the very rich" in nearby Newport.

Today, Watch Hill is best known as the backdrop for the Ocean House, the only Forbes Five-Star and AAA Five Diamond Hotel in Rhode Island.