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13 WEETAMOE FARM DR
Bristol, RI / 02809
MLS# 1131177
Type: Condo
Complex Name: WEETAMOE CONDOMINIUMS
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 1,876 sq. ft.
Style Type: Town House
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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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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$309,900 Mortgage Calculator
164 BEAR HILL RD
Cumberland, RI / 02864
MLS# 1129838
Type: Condo
Complex Name: The Preserve
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,300 sq. ft.
Style Type: Town House
Listed by: Ari Tanasio Tanasio Realty Advisors
Office: 401-305-7888
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$749,000 Mortgage Calculator
2389 MAIN RD
Tiverton, RI / 02878
MLS# 1071015
Type: Single Family
Neighborhood: NANAQUAKET
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,920 sq. ft.
Lot Size: 143,748 sq. ft.
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$529,000 Mortgage Calculator
4 HOMESTEAD AV
Barrington, RI / 02806
MLS# 1124216
Type: Single Family
Neighborhood: PRIMROSE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,645 sq. ft.
Lot Size: 10,070 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$345,900 Mortgage Calculator
77 - LOT49 TEAKWOOD DRIVE WEST .
Coventry, RI / 02816
MLS# 1120989
Type: Single Family
Neighborhood: THE OAKS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,799 sq. ft.
Lot Size: 21,894 sq. ft.
Listed by: Glenn Carpenter RE/MAX Professionals
Office: 401-884-6050
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$299,900 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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$299,990 Mortgage Calculator
1670 MAPLE VALLEY RD
Coventry, RI / 02827
MLS# 1097475
Type: Single Family
Neighborhood: GREENE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,408 sq. ft.
Lot Size: 130,680 sq. ft.
Listed by: Raquel Storti Keller Williams Realty
Office: 401-785-1700
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$419,000 Mortgage Calculator
322 ANGELL RD
Lincoln, RI / 02865
MLS# 1127546
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: LIMEROCK
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,280 sq. ft.
Lot Size: 20,996 sq. ft.
Listed by: Ari Tanasio Tanasio Realty Advisors
Office: 401-305-7888
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$425,000 Mortgage Calculator
0 NANAQUAKET RD
Tiverton, RI / 02878
MLS# 1039145
Type: Vacant Land
Neighborhood: WATERFRONT NANAQUAKET
Lot Frontage: 640 ft.
Lot Size: 208,827 sq. ft.
Lot Type: Residential
Listed by: Marisa Ferris RESIDENTIAL PROPERTIES LTD.
Office: 401-783-2474
5% Down Jumbo Mortgage only from Coastway Communty Bank
 
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News Detail

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3rd Quarter Real Estate Sales Data Shows Home Sales Up
Friday, November 30, 2012

Single family homes sales rose 15 percent from the previous year in the third quarter, with 2235 single family homes sold. Median price, while down three percent from July through September, 2011, has begun to stabilize and distressed sales - those involving foreclosure or short sale - dropped to 23 percent of total sales from 25 percent last year.

Seventeen cities and towns saw increases in median price in the third quarter and 10 towns saw increases in both sales and price. The median price of all single family homes sold from July through September was $197,500 while those which sold through conventional means only, (not through foreclosure or short sale) was $230,000. Median price reflects the midpoint of sales, with half of the properties selling below the median and half selling for more. It does not represent an increase or decrease in the same property over time.

"It is noted that the lack of closed sales in a particular neighborhood has sometimes made it difficult to find value to support a sales price negotiated between a buyer and seller. This ends up lowering the final purchase price in some cases. Fortunately, we have a strong number of arm's length sales as pending inventory that will ultimately become the benchmark. We still have a bit more active inventory than we would like which also restrains price gains. The good news is that the supply of homes for sale has continued to decrease over the past several months, which is generally followed by rising prices," said Jamie Moore, 2012 President of the Rhode Island Association of Realtors.

Historically low interest rates and affordable prices have driven sales upward for fifteen consecutive months. According to the National Association of Realtors, housing affordability conditions are forecast to remain favorable through next year, with the 30-year fixed-rate mortgage staying near record lows for the balance of this year but gradually rising to four percent in the second half of 2013.

Multi-family unit sales also increased in the third quarter, rising six percent, while median price declined nearly four percent to $120,600. Distressed sales have decreased to 47 percent of total sales, down from 54 percent in the third quarter of 2011. The median price of non-distressed sales only was $159,900.

Condominium sales held relatively stable, increasing just .95 percent, and median sales price decreased six percent to $186,900. Foreclosures and short sales fell to 20 percent of total sales from 21 percent last year. The median price of non-distressed sales was $213,900.

"Although the elections can create uncertainty in the market, sales have not slowed down. Home sales and housing starts are up and local economists are reporting that things are looking better," said Moore. "This all bodes well for the housing market as we move toward 2013."