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$459,000 Mortgage Calculator
32 HAMILTON FARM RD
North Kingstown, RI / 02852
MLS# 1059731
Type: Condo
Complex Name: HAMILTON FARM CONDOS
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,740 sq. ft.
Style Type: One Level, Other
Listed by: Donna Sabitoni Fieldstone Properties, Inc.
Office: 401-295-0300
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$259,000 Mortgage Calculator
42 HIGH ST
Bristol, RI / 02809
MLS# 1058216
Type: Condo
Complex Name: CODMAN PLACE
Beds: 1 Beds
Baths: 1 Full / 1 Half
Living Area: 1,080 sq. ft.
Style Type: Town House
Listed by: Debra Jobin RE/MAX River's Edge - Bristol
Office: 401-254-1776
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$459,000 Mortgage Calculator
142 BATES TRL
West Greenwich, RI / 02817
MLS# 1068622
Type: Single Family
Neighborhood: HOPKINS HILL
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,468 sq. ft.
Lot Size: 123,274 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$158,900 Mortgage Calculator
36 EAGLE RUN
Warwick, RI / 02889
MLS# 1075423
Type: Condo
Complex Name: EAGLES NEST
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,218 sq. ft.
Style Type: Town House
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
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$239,900 Mortgage Calculator
105 SANDY LANE
Warwick, RI / 02889
MLS# 1079116
Type: Single Family
Neighborhood: SANDY LANE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 2,100 sq. ft.
Lot Size: 17,558 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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$329,900 Mortgage Calculator
42 OLD NORTH RD
Coventry, RI / 02816
MLS# 1080558
Type: Single Family
Neighborhood: OFF TIOGUE AVE.
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 2,976 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$900,000 Mortgage Calculator
415 POPPASQUASH RD
Bristol, RI / 02809
MLS# 1066754
Type: Single Family
Neighborhood: POPPASQUASH POINT
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,606 sq. ft.
Lot Size: 71,438 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
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$125,977 Mortgage Calculator
24 THURBER ST
Pawtucket, RI / 02861
MLS# 1071402
Type: Single Family
Neighborhood: PINECREST DARLINGTON
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,020 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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$465,900 Mortgage Calculator
223 PINE ORCHARD RD
Glocester, RI / 02814
MLS# 1074904
Type: Single Family
Neighborhood: CHEPACHET
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,635 sq. ft.
Lot Size: 435,600 sq. ft.
Listed by: Joy Riley Westcott Properties
Office: 401-421-5300
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$209,900 Mortgage Calculator
31 BALDWIN RD
Warwick, RI / 02886
MLS# 1070340
Type: Single Family
Neighborhood: PILGRIM ESTATES
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,310 sq. ft.
Lot Size: 22,378 sq. ft.
Listed by: The Stone Alliance Coldwell Banker Res. Brokerage
Office: 401-739-9500
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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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