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$64,900 Mortgage Calculator
0 BUENA VISTA DR
Johnston, RI / 02920
MLS# 1073708
Type: Vacant Land
Neighborhood: ATWOOD
Lot Frontage: 0 ft.
Lot Size: 512,701 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$371,600 Mortgage Calculator
80 - Lot19 TEAKWOOD DRIVE WEST .
Coventry, RI / 02816
MLS# 1120992
Type: Single Family
Neighborhood: THE OAKS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,936 sq. ft.
Lot Size: 41,108 sq. ft.
Listed by: Glenn Carpenter RE/MAX Professionals
Office: 401-884-6050
Photos Handicap New Construction
$459,000 Mortgage Calculator
61 HAMILTON FARM RD
North Kingstown, RI / 02852
MLS# 1114590
Type: Condo
Complex Name: Hamilton Farm Condomin
Beds: 2 Beds
Baths: 3 Full / 0 Half
Living Area: 2,550 sq. ft.
Style Type: One Level
Listed by: Robert Marcello Fieldstone Properties, Inc.
Office: 401-295-0300
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$659,900 Mortgage Calculator
2 STEBER WY
Rehoboth, MA / 02769
MLS# 1116433
Type: Single Family
Neighborhood: VIAL FARM
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,076 sq. ft.
Lot Size: 62,726 sq. ft.
Listed by: Gina Perry The Mello Group, Inc.
Office: 508-640-0505
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$250,000 Mortgage Calculator
433 WEST MAIN RD
Little Compton, RI / 02837
MLS# 1093758
Type: Vacant Land
Neighborhood: WEST MAIN RD / COMMONS
Lot Frontage: 0 ft.
Lot Size: 24,000 sq. ft.
Lot Type: Residential, Agriculture
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$369,000 Mortgage Calculator
3 SIMMONS RD
Barrington, RI / 02806
MLS# 1127206 NEW
Type: Single Family
Neighborhood: HAMPDEN MEADOWS
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 1,871 sq. ft.
Lot Size: 8,258 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$174,200 Mortgage Calculator
0 BROADWAY ST
Woonsocket, RI / 02895
MLS# 1027781
Type: Vacant Land
Neighborhood: BERNON
Lot Frontage: 40 ft.
Lot Size: 430,808 sq. ft.
Lot Type: Residential
Listed by: Stacy Corrigan Peace of Mind Property Managem
Office: 401-829-8323
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$75,000 Mortgage Calculator
1304 EDDY ST
Providence, RI / 02905
MLS# 1090329
Type: Commercial
Neighborhood: WASHINGTON PARK , SOUTH SIDE
# of Buildings: 1
Total Sq Ft: 800 sq. ft.
Building Type: Commercial
Listed by: The Sussy Deleon Team RE/MAX New Horizons
Office: 401-331-8855
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$269,900 Mortgage Calculator
54 OSCEOLA AV
Warwick, RI / 02888
MLS# 1109478
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: GASPEE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,812 sq. ft.
Lot Size: 4,500 sq. ft.
Listed by: Jeff St. Germain Keller Williams Realty
Office: 401-785-1700
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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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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."