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$1,350,000 Mortgage Calculator
0 PUNCATEST NECK RD
Tiverton, RI / 02878
MLS# 1036774
Type: Vacant Land
Neighborhood: FOGLAND BEACH SEAPOWET
Lot Frontage: 800 ft.
Lot Size: 1,038,470 sq. ft.
Lot Type: Residential, Agriculture, Mixed Use
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$299,000 Mortgage Calculator
253 MAIN ST
East Greenwich, RI / 02818
MLS# 1088915
Type: Commercial
Neighborhood: MAIN STREET / DOWNTOWN EG
# of Buildings: 1
Total Sq Ft: 960 sq. ft.
Building Type: Office, Retail, Commercial, Food/Beverage
Listed by: Tony Verdi COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$623,000 Mortgage Calculator
285 WINSLOW WY
Swansea, MA / 02777
MLS# 1117184
Type: Single Family
Neighborhood: TOUISSET/ WARREN LINE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,270 sq. ft.
Lot Size: 30,056 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 508-640-0505
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$184,900 Mortgage Calculator
11 MATHEWSON ST
Johnston, RI / 02919
MLS# 1123855
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: JOHNSTON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,008 sq. ft.
Lot Size: 8,800 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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$845,000 Mortgage Calculator
4 WILLOW WY
Barrington, RI / 02806
MLS# 1123905
Type: Single Family
Neighborhood: WATERFRONT - ALFRED DROWNE
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 1,705 sq. ft.
Lot Size: 7,400 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$345,000 Mortgage Calculator
300 DIVISION ST
East Greenwich, RI / 02818
MLS# 1125436
Type: Single Family
Neighborhood: HILL & HARBOUR
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,703 sq. ft.
Lot Size: 18,375 sq. ft.
Listed by: Allen Gammons BHHS Gammons Realty
Office: 401-886-6100
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$529,000 Mortgage Calculator
50 INDIAN RD
Little Compton, RI / 02837
MLS# 1092662 BACK ON MKT
Type: Single Family
Neighborhood: INDIAN ROCK ACRES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,438 sq. ft.
Lot Size: 16,000 sq. ft.
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$119,900 Mortgage Calculator
8 LANE 1 .
Warwick, RI / 02888
MLS# 1113824
Type: Single Family
Neighborhood: GASPEE/SPRING GREEN
Beds: 4 Beds
Baths: 1 Full / 0 Half
Living Area: 1,155 sq. ft.
Lot Size: 0 sq. ft.
Listed by: Anita Demers Independent Brks Realty Of RI
Office: 401-942-5600
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$99,000 Mortgage Calculator
271 - Uniti GREAT ISLAND RD
Narragansett, RI / 02882
MLS# 1094256 BACK ON MKT
Type: Single Family
Neighborhood: GALILEE
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 751 sq. ft.
Lot Size: 0 sq. ft.
Listed by: Stacy Corrigan Peace of Mind Property Managem
Office: 401-829-8323
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$689,900 Mortgage Calculator
22 STEBER WY
Rehoboth, MA / 02769
MLS# 1116761
Type: Single Family
Neighborhood: SOUTH REHOBOTH
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 3,573 sq. ft.
Lot Size: 63,597 sq. ft.
Listed by: Scott Nagy The Mello Group, Inc.
Office: 508-640-0505
The Shore Club - Luxury Townhouses designed by award winning Union Studio Architects overlooking Wesquage Pond & Bonnet Point Narragansett, Rhode Island.
 
Stateline Insurance & Financial Services - Auto, Homeowners, Business, and Financial Services For East Providence and All of Rhode Island
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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.