Home News Mott & Chace Announces The 903 Residences Condos Are Sold Out

Mott & Chace Announces The 903 Residences Condos Are Sold Out

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Monday, May 16, 2022

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903 Swimming Pool Photo: Mott & Chase

Mott & Chase Sotheby’s International Realty On Monday, we announced the successful sale of 903 Residences in Providence Place. The sale of over 230 condominiums took place earlier than planned, while establishing a new total area and price per square foot in the market.

As the exclusive listing agent for The 903 Residences, the company sold out all its units and achieved more than $ 77 million, according to data available from multiple listing services across Rhode Island. Mott & Chace specialists Ben Scungio, Sara Chaffee, Kimberly Marion, and Blackstone Team were the driving force behind the relocation of the established condominium association structure from long-term rentals to privately owned units sold to homeowners. society.

According to the RI Realtors Association, “Condominium sales rose further at the median to $ 303,100, up 22%, but sales activity fell 9.5%. [in March].. Condominium supply also remained very low in the first quarter of 2022, slightly above the monthly supply, but the condominium market bought slightly more options than was available in the single-family market. Provided to. “

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The company is the only housing broker in the state that has helped sell out two large condominiums. Mott & Chace’s achievements at The 903 Residences came after the Arcade Providence Microloft sold out earlier this year.

Mott & Chace Sotheby’s International Realty has provided 903 Residences management companies with a blueprint for maximizing value and selling out by establishing well-executed business strategies and targeted marketing plans.

“The partnership with Mott & Chace Sotheby’s International Realty has exceeded our expectations, executed our strategy and delivered the results in itself,” said Tina Bacci and Wayne Lopez, principals of RESIS Real Estate Sales Integration Solutions. “A leading team with excellent local knowledge has made the same decision to take the 903 Residence to the next level. Thank you to everyone involved.”

“We are honored to share this success with our clients, sales associates, and teams at 903 Residences,” said Benscangio, Regional Manager and Team Leader for the 903 Project. “This was a great project involved, once again demonstrating Mott & Chace’s experience and expertise in handling large, long-term and complex partnerships.”

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