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1155 HOPE ST
Bristol, RI / 02809
MLS# 1053655
Type: Single Family
Neighborhood: HOPE STREET
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,312 sq. ft.
Lot Size: 9,750 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 401-339-1506
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$249,900 Mortgage Calculator
2 CONTINENTAL RD
Smithfield, RI / 02828
MLS# 1068942
Type: Single Family
Neighborhood: GREENVILLE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,635 sq. ft.
Lot Size: 11,979 sq. ft.
Listed by: Steven Miller COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$597,900 Mortgage Calculator
621 PENDAR RD
North Kingstown, RI / 02852
MLS# 1063920
Type: Single Family
Neighborhood: QUAIL HOLLOW
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,076 sq. ft.
Lot Size: 121,532 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$339,900 Mortgage Calculator
72 PARKER ST
Glocester, RI / 02814
MLS# 1063728
Type: Single Family
Neighborhood: WATERMAN LAKE PLAT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,060 sq. ft.
Lot Size: 33,624 sq. ft.
Listed by: Ed Duffy RE/MAX Properties
Office: 401-232-3900
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$429,000 Mortgage Calculator
2 SPYGLASS CIR
Hopkinton, RI / 02832
MLS# 1058152
Type: Condo
Complex Name: RESIDENCES@FENNER HILL
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 2,800 sq. ft.
Style Type: Town House
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$525,000 Mortgage Calculator
41 HAWTHORNE AV
Barrington, RI / 02806
MLS# 1074599
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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$414,900 Mortgage Calculator
32 HOPKINS AV
Johnston, RI / 02919
MLS# 1070242
Type: Single Family
Neighborhood: SCITUATE LINE
Beds: 4 Beds
Baths: 4 Full / 1 Half
Living Area: 3,592 sq. ft.
Lot Size: 42,178 sq. ft.
Listed by: Joan M. Bianco Independent Brks Realty Of RI
Office: 401-942-5600
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$129,900 Mortgage Calculator
45 TAPPAN ST
Providence, RI / 02908
MLS# 1063377
Type: Single Family
Neighborhood: PROV COLLEGE AREA
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,680 sq. ft.
Lot Size: 3,680 sq. ft.
Listed by: Butch Simoneau RE/MAX American Dream
Office: 401-721-5810
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$12,000,000 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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$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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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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