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71 LEONARD AV
East Providence, RI / 02914
MLS# 1098383
Type: Single Family
Neighborhood: EAST PROV
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,146 sq. ft.
Lot Size: 7,841 sq. ft.
Listed by: Deborah Holden Keller Williams Realty Leading
Office: 401-333-4900
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$239,900 Mortgage Calculator
150 ACORN LANE
West Warwick, RI / 02893
MLS# 1092611
Type: Single Family
Neighborhood: GREENBUSH SCHOOL AREA
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,811 sq. ft.
Lot Size: 10,331 sq. ft.
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$249,900 Mortgage Calculator
21 KULAS RD
West Warwick, RI / 02893
MLS# 1099430
Type: Single Family
Neighborhood: COWESETT
Beds: 4 Beds
Baths: 3 Full / 0 Half
Living Area: 1,944 sq. ft.
Lot Size: 1,700 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$519,500 Mortgage Calculator
30 S BULFINCH ST
North Attleboro, MA / 02760
MLS# 1100864
Type: Single Family
Neighborhood: WATERFRONT FALLS POND CHECK LOW TAX
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,500 sq. ft.
Lot Size: 12,682 sq. ft.
Listed by: Christy May Re/Max Real Estate Center
Office: 508-543-3922
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$134,900 Mortgage Calculator
2 JULIANA DR
Cranston, RI / 02921
MLS# 1083253
Type: Vacant Land
Neighborhood: WESTERN
Lot Frontage: 277 ft.
Lot Size: 79,972 sq. ft.
Lot Type: Residential, Total Residential Development
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$209,000 Mortgage Calculator
204 NORTHAMPTON ST
Warwick, RI / 02888
MLS# 1093127
Type: Single Family
Neighborhood: LAKEWOOD/NORWOOD
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,266 sq. ft.
Lot Size: 10,843 sq. ft.
Listed by: Michael Russo RI Real Estate Services
Office: 401-885-5400
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$1,350,000 Mortgage Calculator
0 PUNCATEST NECK RD
Tiverton, RI / 02878
MLS# 1036774
Type: Vacant Land
Neighborhood: FOGLAND BEACH SEAPOWET
Lot Frontage: 800 ft.
Lot Size: 1,038,470 sq. ft.
Lot Type: Residential, Agriculture, Mixed Use
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$1,245,000 Mortgage Calculator
146 CLEARVIEW RD
Charlestown, RI / 02813
MLS# 1094892
Type: Single Family
Neighborhood: FOSTER COVE
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,212 sq. ft.
Lot Size: 39,693 sq. ft.
Listed by: Cindy Curtis Cindy Curtis Real Estate
Office: 401-364-7489
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$399,000 Mortgage Calculator
14 ASHLAND RD
Scituate, RI / 02857
MLS# 1100113
Type: Single Family
Neighborhood: NORTH SCITUATE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,378 sq. ft.
Lot Size: 88,496 sq. ft.
Listed by: Rita LaDuke Hunting House Associates, Inc.
Office: 401-647-5020
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$249,900 Mortgage Calculator
30 BLACK CREEK LANE
Warwick, RI / 02888
MLS# 1092516
Type: Single Family
Neighborhood: GOVERNOR FRANCIS
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,861 sq. ft.
Lot Size: 11,841 sq. ft.
Listed by: Marc Bibeault HomeSmart Professionals RE
Office: 401-921-5011
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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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