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$464,000 Mortgage Calculator
33 SEAL ISLAND RD
Bristol, RI / 02809
MLS# 1064649
Type: Condo
Complex Name: BRISTOL LANDING
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 3,302 sq. ft.
Style Type: Town House
Listed by: Debra Jobin RE/MAX River's Edge - Bristol
Office: 401-254-1776
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$329,000 Mortgage Calculator
48 BENNINGTON RD
Cranston, RI / 02920
MLS# 1062822
Type: Single Family
Neighborhood: DEAN ESTATES
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 2,510 sq. ft.
Lot Size: 9,766 sq. ft.
Listed by: The Weller Team RE/MAX Central
Office: 401-823-7600
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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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$799,995 Mortgage Calculator
636 PENDLETON HILL RD
No Stonington, CT / 06359
MLS# 1069346
Type: Single Family
Neighborhood: RURAL
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,077 sq. ft.
Lot Size: 562,360 sq. ft.
Listed by: Liz Viering Stonington Real Estate Company
Office: 860-535-4047
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$549,900 Mortgage Calculator
2 PRIMROSE LANE
Johnston, RI / 02919
MLS# 1073167
Type: Single Family
Neighborhood: BISHOP HEIGHTS
Beds: 5 Beds
Baths: 5 Full / 1 Half
Living Area: 5,000 sq. ft.
Lot Size: 84,942 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$1,050,000 Mortgage Calculator
185 RUMSTICK RD
Barrington, RI / 02806
MLS# 1066381
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 5,310 sq. ft.
Lot Size: 45,698 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$194,900 Mortgage Calculator
65 MACARTHUR DR
Warwick, RI / 02889
MLS# 1070138
Type: Single Family
Neighborhood: BUTTONWOODS
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,638 sq. ft.
Lot Size: 5,340 sq. ft.
Listed by: Stephanie Soscia Premier Homes Realty, LLC
Office: 401-946-6300
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$350,000 Mortgage Calculator
170 PROVIDENCE PIKE
North Smithfield, RI / 02896
MLS# 1067888
Type: Condo
Complex Name: Laurelwood
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,682 sq. ft.
Style Type: One Level, Registered Adult Community, Green Construction
Listed by: Michelle Keach RE/MAX 1st Choice
Office: 401-943-6111
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$525,000 Mortgage Calculator
41 HAWTHORNE AV
Barrington, RI / 02806
MLS# 1074599 NEW
Type: Single Family
Neighborhood: HARBOUR'S - RUMSTICK
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 1,984 sq. ft.
Lot Size: 12,588 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$499,000 Mortgage Calculator
160 BATES TRL
West Greenwich, RI / 02817
MLS# 1068627
Type: Single Family
Neighborhood: HOPKINS HILL
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,468 sq. ft.
Lot Size: 108,854 sq. ft.
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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