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$194,900 Mortgage Calculator
65 MACARTHUR DR
Warwick, RI / 02889
MLS# 1070138
Type: Single Family
Neighborhood: BUTTONWOODS
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,638 sq. ft.
Lot Size: 5,340 sq. ft.
Listed by: Stephanie Soscia Premier Homes Realty, LLC
Office: 401-946-6300
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$424,900 Mortgage Calculator
32 HOPKINS AV
Johnston, RI / 02919
MLS# 1070242
Type: Single Family
Neighborhood: SCITUATE LINE
Beds: 3 Beds
Baths: 4 Full / 1 Half
Living Area: 3,592 sq. ft.
Lot Size: 42,178 sq. ft.
Listed by: Joan M. Bianco Independent Brks Realty Of RI
Office: 401-942-5600
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$1,050,000 Mortgage Calculator
185 RUMSTICK RD
Barrington, RI / 02806
MLS# 1066381
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 5,310 sq. ft.
Lot Size: 45,698 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$219,900 Mortgage Calculator
63 HARCOURT ST
Cranston, RI / 02920
MLS# 1072829
Type: Single Family
Neighborhood: WESTWOOD
Beds: 4 Beds
Baths: 1 Full / 1 Half
Living Area: 1,976 sq. ft.
Lot Size: 7,840 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$515,000 Mortgage Calculator
826 CENTRAL PIKE
Scituate, RI / 02857
MLS# 1068360
Type: Single Family
Neighborhood: SCITUATE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,466 sq. ft.
Lot Size: 675,833 sq. ft.
Listed by: Nancy Ziroli RE/MAX Properties
Office: 401-232-3900
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$559,000 Mortgage Calculator
273 ARNOLDS NECK DR
Warwick, RI / 02886
MLS# 1070390
Type: Single Family
Neighborhood: APPONAUG COVE
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 2,280 sq. ft.
Lot Size: 4,310 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$268,000 Mortgage Calculator
18 MISHNOCK RD
Coventry, RI / 02816
MLS# 1073588 NEW
Type: Single Family
Neighborhood: MISHNOCK
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,315 sq. ft.
Lot Size: 21,344 sq. ft.
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$449,900 Mortgage Calculator
8 KELLIE ANN CT
Seekonk, MA / 02771
MLS# 1061463
Type: Single Family
Neighborhood: ORCHARD ESTATES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,320 sq. ft.
Lot Size: 15,193 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 401-339-1506
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$369,900 Mortgage Calculator
98 OVERHILL RD
Warwick, RI / 02818
MLS# 1064945
Type: Single Family
Neighborhood: COWESETT/SPENCER AVE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,620 sq. ft.
Lot Size: 8,500 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$119,000 Mortgage Calculator
26 FOUNTAIN AV
Cranston, RI / 02920
MLS# 1060168
Type: Single Family
Neighborhood: ARLINGTON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,025 sq. ft.
Lot Size: 3,200 sq. ft.
Listed by: Jeanie Gorrie Residential Properties LTD.
Office: 401-885-8400
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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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