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$569,000 Mortgage Calculator
23 HOMESTEAD AV
Barrington, RI / 02806
MLS# 1064494 NEW
Type: Single Family
Neighborhood: PRIMROSE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,850 sq. ft.
Lot Size: 10,008 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$399,900 Mortgage Calculator
25 BAY LAWN AV
Warwick, RI / 02888
MLS# 1061322
Type: Single Family
Neighborhood: PAWTUXET VILLAGE
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 1,890 sq. ft.
Lot Size: 7,047 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$589,900 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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$1,475,000 Mortgage Calculator
85 LONG MEADOW DR
East Greenwich, RI / 02818
MLS# 1043779
Type: Single Family
Neighborhood: LONG MEADOW FARM
Beds: 4 Beds
Baths: 5 Full / 1 Half
Living Area: 6,378 sq. ft.
Lot Size: 50,530 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$289,000 Mortgage Calculator
70 SOUTH BAY DR
Narragansett, RI / 02882
MLS# 1044542
Type: Condo
Complex Name: NORTHGATE
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,762 sq. ft.
Style Type: Town House
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$579,000 Mortgage Calculator
245 BEECHWOOD DR
Cranston, RI / 02921
MLS# 1026758
Type: Single Family
Neighborhood: RIDGEWOOD
Beds: 4 Beds
Baths: 3 Full / 0 Half
Living Area: 3,684 sq. ft.
Lot Size: 80,000 sq. ft.
Listed by: Doug Jeffrey Signature Properties, Inc.
Office: 401-273-1900
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$439,900 Mortgage Calculator
1224 - 1232 GREENWICH AV
Warwick, RI / 02886
MLS# 1052795
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 3,835 sq. ft.
Building Type: Office
Listed by: Gayle MOONE Real Estate Masters, Inc.
Office: 401-738-1130
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$259,711 Mortgage Calculator
149 DANIELSON PIKE
Foster, RI / 02825
MLS# 1046542
Type: Single Family
Neighborhood: FOSTER
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,428 sq. ft.
Lot Size: 301,435 sq. ft.
Listed by: Helen Coupe RE/MAX Metro
Office: 401-736-6100
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$479,900 Mortgage Calculator
536 STONY LANE
North Kingstown, RI / 02852
MLS# 1061825
Type: Single Family
Neighborhood: STONY LANE
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,502 sq. ft.
Lot Size: 193,842 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$159,000 Mortgage Calculator
0 JULIANA DR
Cranston, RI / 02921
MLS# 1045401
Type: Vacant Land
Neighborhood: WESTERN
Lot Frontage: 277 ft.
Lot Size: 79,972 sq. ft.
Lot Type: Residential, Total Residential Development
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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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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