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1 MIDDLE ST
Barrington, RI / 02806
MLS# 1128943
Type: Single Family
Neighborhood: ALFRED DROWNE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,993 sq. ft.
Lot Size: 12,071 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$222,900 Mortgage Calculator
83 LOOKOUT AV
Johnston, RI / 02919
MLS# 1099317
Type: Single Family
Neighborhood: CENTRAL JOHNSTON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,721 sq. ft.
Lot Size: 8,276 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$1,155,000 Mortgage Calculator
40 CAMERON WY
Rehoboth, MA / 02769
MLS# 1117923
Type: Single Family
Neighborhood: STILL MEADOW PARK II
Beds: 5 Beds
Baths: 2 Full / 1 Half
Living Area: 5,016 sq. ft.
Lot Size: 60,112 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$299,000 Mortgage Calculator
253 MAIN ST
East Greenwich, RI / 02818
MLS# 1088915
Type: Commercial
Neighborhood: MAIN STREET / DOWNTOWN EG
# of Buildings: 1
Total Sq Ft: 960 sq. ft.
Building Type: Office, Retail, Commercial, Food/Beverage
Listed by: Tony Verdi COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$899,000 Mortgage Calculator
90 - B OLD MAIN RD
Little Compton, RI / 02837
MLS# 1048936
Type: Single Family
Neighborhood: WINDMILL HILL
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,072 sq. ft.
Lot Size: 178,595 sq. ft.
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$768,500 Mortgage Calculator
65 CEDAR LANE
Jamestown, RI / 02835
MLS# 1108284
Type: Single Family
Neighborhood: JAMESTOWN
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,028 sq. ft.
Lot Size: 50,530 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$229,900 Mortgage Calculator
222 VAN BUREN ST
Warwick, RI / 02888
MLS# 1122784
Under Contract Status: Sale of Buyers Property Contingency
Type: Single Family
Neighborhood: LAKEWOOD/GASPEE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,065 sq. ft.
Lot Size: 6,970 sq. ft.
Listed by: Arnold Baskin Keller Williams Realty Leading
Office: 401-333-4900
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$99,000 Mortgage Calculator
271 - Uniti GREAT ISLAND RD
Narragansett, RI / 02882
MLS# 1094256
Type: Single Family
Neighborhood: GALILEE
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 751 sq. ft.
Lot Size: 0 sq. ft.
Listed by: Stacy Corrigan Peace of Mind Property Managem
Office: 401-829-8323
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$329,900 Mortgage Calculator
0 PINECREST DR
Exeter, RI / 02822
MLS# 1117984
Type: Single Family
Neighborhood: CEDAR GROVE
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,740 sq. ft.
Lot Size: 12,500 sq. ft.
Listed by: Robert Marcello Fieldstone Properties, Inc.
Office: 401-295-0300
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$371,600 Mortgage Calculator
80 - Lot19 TEAKWOOD DRIVE WEST .
Coventry, RI / 02816
MLS# 1120992
Type: Single Family
Neighborhood: THE OAKS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,936 sq. ft.
Lot Size: 41,108 sq. ft.
Listed by: Glenn Carpenter RE/MAX Professionals
Office: 401-884-6050
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News Detail

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Home Sales Climb for 12th Consecutive Month
Tuesday, July 24, 2012

Warwick, RI, July 24, 2012 - Statistics released by the Rhode Island Association of Realtors today show that sales continued to climb in the Rhode Island housing market in June. With a 17 percent increase from June 2011, June marked a full year of increased monthly single family home sales from the prior year.  The increase in sales has caused the supply of homes on the market to fall steadily.   Median price fell six percent from June, 2011, to $202,500 but rose from $195,000 in May.  Pending sales, those under contract but not yet closed, continued to rise for the 13th consecutive month.  All trends point to a market that is regaining stability.

"With the market coming back into balance thanks to increased sales, prices have climbed each month since February.  Overall, we seem to be on a slow but steady path to recovery," said Jamie Moore, President of the Rhode Island Association of Realtors.

The percentage of distressed, single family home sales also continued to drop.  Twenty-three percent of all single family home sales sold through short sale or foreclosure in June, compared to 25 percent a year ago.  The median price of only those homes selling through conventional means was $240,000.

The multi-family market saw increases in both sales and median price, up 12 and 4 percent, respectively.  The median-priced multi-family property sold for $124,500 in June.  Median price was $150,000 when excluding those properties sold through short sales or foreclosure.  The number of multi-family properties for sale dropped 21 percent last month while the number of pending sales grew by 13 percent.  Though still high at 43 percent of all sales, the percentage of distressed sales continued to drop from 46 percent in June, 2011.

"The multi-family market is typically an investor's market.  Increased sales and pending sales indicate that they're seeing value in the market right now," said Moore.

The condo market did not fare as well in June, with sales down 5 percent and median price dropping to $177,600, an 11 percent decrease from the previous year.  However, pending sales, considered the best indicator of future market health, grew 100 percent in June.

The condo sector has seen the smallest percentage of distressed sales  – in June only 16 percent of sales sold through short sale or foreclosure.  The median price of conventional sales was $201,950.

The Rhode Island Association of Realtors will be releasing statistics for the second quarter on July 31.