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27 NORTH NIANTIC DR
Charlestown, RI / 02813
MLS# 1060994
Type: Single Family
Neighborhood: SOUTH SHORES
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 3,722 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Cindy Curtis Cindy Curtis Real Estate
Office: 401-364-7489
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$89,900 Mortgage Calculator
38 HAROLD ST
Providence, RI / 02908
MLS# 1073605
Type: Multi-Family
Neighborhood: OFF VALLEY STREET
# of Units: 2
Total Beds: | Unit1(1), Unit2(2), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,265 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$350,000 Mortgage Calculator
0 TOWER HILL RD
Cumberland, RI / 02864
MLS# 1008191
Type: Vacant Land
Neighborhood: TOWER HILL
Lot Frontage: 1,742 ft.
Lot Size: 2,265,120 sq. ft.
Lot Type: Residential, Agriculture
Listed by: Debra Jobin RE/MAX River's Edge - Bristol
Office: 401-254-1776
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$244,900 Mortgage Calculator
39 HENRY ST
Cranston, RI / 02905
MLS# 1072182
Type: Single Family
Neighborhood: EDGEWOOD
Beds: 5 Beds
Baths: 4 Full / 0 Half
Living Area: 3,537 sq. ft.
Lot Size: 6,047 sq. ft.
Listed by: Jo-Ann Molinaro RE/MAX Professionals
Office: 401-884-6050
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$267,000 Mortgage Calculator
25 PRIMROSE LANE
Johnston, RI / 02919
MLS# 1070979
Type: Single Family
Neighborhood: JOHNSTON
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,877 sq. ft.
Lot Size: 20,000 sq. ft.
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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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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$499,500 Mortgage Calculator
284 LAUREL RIDGE LANE
North Kingstown, RI / 02852
MLS# 1070229
Type: Single Family
Neighborhood: MOUNTAIN LAUREL
Beds: 4 Beds
Baths: 5 Full / 0 Half
Living Area: 4,480 sq. ft.
Lot Size: 21,344 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$2,695,000 Mortgage Calculator
318 RUMSTICK RD
Barrington, RI / 02806
MLS# 1060625
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,740 sq. ft.
Lot Size: 309,157 sq. ft.
Listed by: Christina Ardente Residential Properties, Ltd.
Office: 401-245-9600
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$134,900 Mortgage Calculator
113 PUTNAM ST
Providence, RI / 02909
MLS# 1061255
Type: Multi-Family
Neighborhood: MT PLEASANT, ATWELLS
# of Units: 3
Total Beds: | Unit1(3), Unit2(2), Unit3(2), Beds
Total Baths: 3 | Unit1(1), Unit2(1), Unit3(1), Full
Building Area: 3,895 sq. ft.
Listed by: Sylvia Santilli Gateway Realty
Office: 401-954-8997
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$575,000 Mortgage Calculator
915 TOWER HILL RD
North Kingstown, RI / 02852
MLS# 1071571
Type: Single Family
Neighborhood: OAK HILL/WICKFORD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,292 sq. ft.
Lot Size: 539,273 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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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."

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