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$347,900 Mortgage Calculator
17 LAWNDALE DR
Warwick, RI / 02818
MLS# 1072386
Type: Single Family
Neighborhood: POTOWOMUT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,168 sq. ft.
Lot Size: 12,500 sq. ft.
Listed by: Tony Verdi COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$495,000 Mortgage Calculator
19 PENINSULA RD
South Kingstown, RI / 02879
MLS# 1067221
Type: Single Family
Neighborhood: MATUNUCK
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 2,983 sq. ft.
Lot Size: 15,246 sq. ft.
Listed by: BILL Freeman RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$599,914 Mortgage Calculator
3 RIVER MEADOW DR
Hopkinton, RI / 02832
MLS# 1072340
Type: Single Family
Neighborhood: HOPE VALLEY
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,721 sq. ft.
Lot Size: 139,392 sq. ft.
Listed by: Bryant Da Cruz Keller Williams Realty
Office: 401-785-1700
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$169,900 Mortgage Calculator
97 TURNER ST
Warwick, RI / 02886
MLS# 1077600
Type: Single Family
Neighborhood: STRAWBERRY FIELD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 912 sq. ft.
Lot Size: 8,681 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$340,000 Mortgage Calculator
78 WARNER AV
Portsmouth, RI / 02872
MLS# 1065159
Type: Single Family
Neighborhood: PRUDENCE ISLAND
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,613 sq. ft.
Lot Size: 7,500 sq. ft.
Listed by: Elizabeth Rene William Raveis Chapman Enstone
Office: 401-396-9849
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$185,000 Mortgage Calculator
39 WARREN AV
Warren, RI / 02885
MLS# 1072279
Type: Multi-Family
Neighborhood: DOWNTOWN
# of Units: 2
Total Beds: | Unit1(2), Unit2(2), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,904 sq. ft.
Listed by: Jan Parrillo Parrillo Realty Group, LLC
Office: 401-228-6660
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$549,900 Mortgage Calculator
10 LANTERN BROOK DR
Lincoln, RI / 02865
MLS# 1066113
Type: Single Family
Neighborhood: LIMEROCK
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,311 sq. ft.
Lot Size: 40,511 sq. ft.
Listed by: Susan Kelly Fenix Real Estate
Office: 401-475-4999
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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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$124,900 Mortgage Calculator
402 WOODHAVEN CT
Cranston, RI / 02920
MLS# 1072084
Type: Condo
Complex Name: WOODHAVEN COURT
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,008 sq. ft.
Style Type: Town House
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$259,000 Mortgage Calculator
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: 508-640-0505
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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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