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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 Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$249,900 Mortgage Calculator
224 RACCOON RUN RD
Coventry, RI / 02816
MLS# 1099489
Type: Single Family
Neighborhood: JOHNSONS POND
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 910 sq. ft.
Lot Size: 12,632 sq. ft.
Listed by: Mary Ann Young RE/MAX Central
Office: 401-823-7600
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$218,900 Mortgage Calculator
30 GADOURY DR
Cumberland, RI / 02864
MLS# 1093659
Type: Single Family
Neighborhood: GADOURY PLAT
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,587 sq. ft.
Lot Size: 12,196 sq. ft.
Listed by: Trish Marrapese MGM Realty Corporation
Office: 401-723-6461
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$179,900 Mortgage Calculator
10 DAWN LANE
Coventry, RI / 02816
MLS# 1100928 NEW
Type: Single Family
Neighborhood: KNOTTY OAK / COVENTRY
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 2,184 sq. ft.
Lot Size: 10,454 sq. ft.
Listed by: Jamie Rebello HomeSmart Professionals RE
Office: 401-921-5011
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$699,000 Mortgage Calculator
17 HART ST
Tiverton, RI / 02878
MLS# 1099734
Type: Single Family
Neighborhood: FOGLAND BEACH
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,152 sq. ft.
Lot Size: 19,944 sq. ft.
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$8,000,000 Mortgage Calculator
5 HOWARD ST
Newport, RI / 02840
MLS# 1070280
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 0 sq. ft.
Building Type: Hotel/Motel, Other, Commercial, Retail, Multi-Family, Food/Beverage, Office, Mixed
Listed by: Gordon King WILLIAM RAVEIS CHAPMAN ENSTONE
Office: 401-846-3800
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$229,000 Mortgage Calculator
1180 NARRAGANSETT BLVD
Cranston, RI / 02905
MLS# 1073641
Type: Condo
Complex Name: Rosedale Landing
Beds: 1 Beds
Baths: 1 Full / 0 Half
Living Area: 856 sq. ft.
Style Type: One Level, High Rise, Dock
Listed by: Benjamin Scungio Lila Delman Real Estate
Office: 401-274-1644
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$415,000 Mortgage Calculator
115 AMY HART PATH
Little Compton, RI / 02837
MLS# 1094330
Type: Single Family
Neighborhood: COLEBROOK
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 3,000 sq. ft.
Lot Size: 30,343 sq. ft.
Listed by: Cathy Wicks Hogan Associates
Office: 401-680-6588
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$332,900 Mortgage Calculator
7 MAGNOLIA LANE
Barrington, RI / 02806
MLS# 1100731 NEW
Type: Single Family
Neighborhood: PRIMROSE HILL
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,628 sq. ft.
Lot Size: 6,200 sq. ft.
Listed by: Anna Clancy Residential Properties, Ltd.
Office: 401-245-9600
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$3,425,000 Mortgage Calculator
456 POPPASQUASH RD
Bristol, RI / 02809
MLS# 1090334
Type: Single Family
Neighborhood: POPPASQUASH POINT
Beds: 4 Beds
Baths: 4 Full / 1 Half
Living Area: 5,581 sq. ft.
Lot Size: 148,104 sq. ft.
Listed by: Patricia Orsi Mansions & Manors
Office: 401-423-7000
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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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