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17 COGGESHALL AV
Bristol, RI / 02809
MLS# 1113978
Type: Single Family
Neighborhood: COGGESHALL AVE.
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,560 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Gary Mello The Mello Group, Inc.
Office: 508-640-0505
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$625,000 Mortgage Calculator
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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$169,900 Mortgage Calculator
58 - B NEEDLE GROVE .
North Providence, RI / 02911
MLS# 1124826
Under Contract Status: Inspection Period
Type: Condo
Complex Name: Louisquisset
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,353 sq. ft.
Style Type: Town House
Listed by: Doug Jeffrey Broadway Real Estate Group
Office: 401-354-7969
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$244,900 Mortgage Calculator
326 UNION AV
Cranston, RI / 02909
MLS# 1106956
Type: Commercial
Neighborhood: SILVER LAKE
# of Buildings: 1
Total Sq Ft: 2,229 sq. ft.
Building Type: Food/Beverage
Listed by: The Sussy Deleon Team RE/MAX New Horizons
Office: 401-331-8855
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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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$359,000 Mortgage Calculator
140 PINE GLEN DR
East Greenwich, RI / 02818
MLS# 1117552
Type: Condo
Complex Name: PINE GLEN
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 2,000 sq. ft.
Style Type: Town House
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$839,000 Mortgage Calculator
36 CAMERON WY
Rehoboth, MA / 02769
MLS# 1117313
Type: Single Family
Neighborhood: STILL MEADOW PARK II
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,000 sq. ft.
Lot Size: 60,380 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$345,900 Mortgage Calculator
78 - LOT18 TEAKWOOD DRIVE WEST .
Coventry, RI / 02816
MLS# 1120988
Type: Single Family
Neighborhood: THE OAKS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,782 sq. ft.
Lot Size: 25,630 sq. ft.
Listed by: Glenn Carpenter RE/MAX Professionals
Office: 401-884-6050
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$529,000 Mortgage Calculator
4 HOMESTEAD AV
Barrington, RI / 02806
MLS# 1124216
Type: Single Family
Neighborhood: PRIMROSE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,645 sq. ft.
Lot Size: 10,070 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$2,875,000 Mortgage Calculator
54 BUCKNAM RD
Richmond, RI / 02894
MLS# 1119795
Type: Single Family
Neighborhood: WOOD RIVER
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,900 sq. ft.
Lot Size: 6,873,768 sq. ft.
Listed by: Allen Gammons BHHS Gammons Realty
Office: 401-886-6100
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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.