Separated by 2,300 miles, Providence, RI, and Salt Lake City were both founded as religious sanctuaries, but today, their luxury housing markets are worlds apart—with East Coast buyers paying a steep premium for one-of-a-kind Colonial or Gilded Age mansions, and Mountain West shoppers choosing modern, sprawling estates.
A comparison of the two markets reveals that premium properties in Providence command higher prices than in Salt Lake City yet sell faster, according to a new report from Realtor.com®.
“Providence and Salt Lake City present two distinct luxury housing propositions shaped by fundamentally different histories, geographies, and demand drivers,” explains Realtor.com senior economist Anthony Smith…