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$229,900 Mortgage Calculator
44 ROSEMARY DR
North Kingstown, RI / 02852
MLS# 1081874
Type: Single Family
Neighborhood: DAVISVILLE
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,373 sq. ft.
Lot Size: 8,356 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$449,900 Mortgage Calculator
18 ROSEWOOD DR
Lincoln, RI / 02865
MLS# 1074295
Type: Single Family
Neighborhood: JENCKES HILL ESTATES
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,688 sq. ft.
Lot Size: 40,032 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$465,000 Mortgage Calculator
35 MOHAWK DR
Portsmouth, RI / 02871
MLS# 1073456
Type: Single Family
Neighborhood: OFF INDIAN AVENUE
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 3,515 sq. ft.
Lot Size: 19,745 sq. ft.
Listed by: Nancy Crockett Crockett Realty, Inc.
Office: 401-741-5920
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$174,900 Mortgage Calculator
176 AMHERST AV
Pawtucket, RI / 02860
MLS# 1079710
Type: Single Family
Neighborhood: FAIRLAWN
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,632 sq. ft.
Lot Size: 6,000 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$64,900 Mortgage Calculator
0 BUENA VISTA DR
Johnston, RI / 02920
MLS# 1073708
Type: Vacant Land
Neighborhood: ATWOOD
Lot Frontage: 0 ft.
Lot Size: 0 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$229,999 Mortgage Calculator
1156 SCITUATE AV
Cranston, RI / 02921
MLS# 1082559
Type: Single Family
Neighborhood: WESTERN
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,480 sq. ft.
Lot Size: 22,168 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$299,888 Mortgage Calculator
30 BRISAS CIR
East Greenwich, RI / 02818
MLS# 1072395
Type: Single Family
Neighborhood: LAS BRISAS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,316 sq. ft.
Lot Size: 41,665 sq. ft.
Listed by: Ed Magilton RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$229,000 Mortgage Calculator
4 DRIFTWOOD DR
Coventry, RI / 02816
MLS# 1078765
Type: Single Family
Neighborhood: HIGHWOOD ESTATES
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,960 sq. ft.
Lot Size: 20,473 sq. ft.
Listed by: Laurie Audet Keller Williams Realty
Office: 401-785-1700
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$257,000 Mortgage Calculator
25 PRIMROSE LANE
Johnston, RI / 02919
MLS# 1070979
Type: Single Family
Neighborhood: JOHNSTON
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,877 sq. ft.
Lot Size: 20,000 sq. ft.
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$184,900 Mortgage Calculator
220 POWER ST
East Side of Prov, RI / 02906
MLS# 1081227
Type: Single Family
Neighborhood: FOX POINT
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,156 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Harry Smith Westchester Properties
Office: 401-954-4811
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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.

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