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$575,000 Mortgage Calculator
915 TOWER HILL RD
North Kingstown, RI / 02852
MLS# 1071571
Type: Single Family
Neighborhood: OAK HILL/WICKFORD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,292 sq. ft.
Lot Size: 539,273 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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$835,000 Mortgage Calculator
10 - B WANDA ST
Narragansett, RI / 02882
MLS# 1040707
Type: Condo
Complex Name: Summer Winds
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 2,422 sq. ft.
Style Type: Town House
Listed by: Shawna Amitrano Fiore Realty Corp.
Office: 401-792-7107
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$289,900 Mortgage Calculator
14 WEST GLEN LANE
West Warwick, RI / 02893
MLS# 1074881
Type: Condo
Complex Name: COTTAGES AT WEST GLEN
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,525 sq. ft.
Style Type: One Level
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$575,000 Mortgage Calculator
15 ASHLYNN WY
Rehoboth, MA / 02769
MLS# 1051376
Type: Single Family
Neighborhood: SOUTH WOODS
Beds: 5 Beds
Baths: 3 Full / 0 Half
Living Area: 3,191 sq. ft.
Lot Size: 60,436 sq. ft.
Listed by: Jimmy Andrade The Mello Group, Inc.
Office: 401-339-1506
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$434,900 Mortgage Calculator
635 KINGS FACTORY RD
Charlestown, RI / 02813
MLS# 1074016
Type: Single Family
Neighborhood: CHARLESTOWN
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 3,406 sq. ft.
Lot Size: 313,196 sq. ft.
Listed by: Medelise Reifsteck RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$535,000 Mortgage Calculator
400 VARNUM DR
Warwick, RI / 02818
MLS# 1065143
Type: Single Family
Neighborhood: HERITAGE PARK
Beds: 6 Beds
Baths: 3 Full / 1 Half
Living Area: 4,080 sq. ft.
Lot Size: 59,059 sq. ft.
Listed by: Sally Corbin Residential Properties LTD.
Office: 401-885-8400
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$149,900 Mortgage Calculator
0 JOHN MOWRY RD
Smithfield, RI / 02917
MLS# 1065007
Type: Vacant Land
Neighborhood: GEORGE WASHINGTON HWY
Lot Frontage: 200 ft.
Lot Size: 87,120 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$129,977 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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$1,099,000 Mortgage Calculator
27 NORTH NIANTIC DR
Charlestown, RI / 02813
MLS# 1060994
Type: Single Family
Neighborhood: SOUTH SHORES
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 3,722 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Cindy Curtis Cindy Curtis Real Estate
Office: 401-364-7489
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$109,900 Mortgage Calculator
25 BOURNE ST
Warwick, RI / 02889
MLS# 1069191
Type: Single Family
Neighborhood: OFF PALMER AVE
Beds: 1 Beds
Baths: 1 Full / 0 Half
Living Area: 768 sq. ft.
Lot Size: 3,469 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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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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