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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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$444,900 Mortgage Calculator
30 SOUTH ST
Barrington, RI / 02806
MLS# 1111304
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: MAPLE - LINCOLN
Beds: 4 Beds
Baths: 3 Full / 0 Half
Living Area: 2,004 sq. ft.
Lot Size: 7,400 sq. ft.
Listed by: Bob Churchville C2C Realty
Office: 401-626-2738
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$129,900 Mortgage Calculator
171 LANE 4 .
Warwick, RI / 02888
MLS# 1099189
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: GASPEE POINT/ SPRING GR
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 980 sq. ft.
Lot Size: 0 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$199,900 Mortgage Calculator
2 DUKE ST
West Warwick, RI / 02893
MLS# 1110355
Type: Condo
Complex Name: Duke St Condominiums
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,298 sq. ft.
Style Type: Town House
Listed by: Allen Gammons BHHS Gammons Realty
Office: 401-886-6100
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$349,900 Mortgage Calculator
140 LENIHAN LANE
East Greenwich, RI / 02818
MLS# 1090296
Under Contract Status: Inspection Period
Type: Vacant Land
Neighborhood: THE WOODS ON MIDDLE
Lot Frontage: 306 ft.
Lot Size: 428,325 sq. ft.
Lot Type: Residential
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$179,900 Mortgage Calculator
171 CHESTNUT ST
Providence, RI / 02903
MLS# 1095820
Type: Business
Neighborhood: JEWELRY DISTRICT
Total Sq Ft: 4,620 sq. ft.
Business Type: Other
Year Est: 2001
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$350,000 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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$450,000 Mortgage Calculator
30 TUNIPER NORTH LANE
Little Compton, RI / 02837
MLS# 1072464
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: TUNIPER POND ACRES ~ SOUTH SHORE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,713 sq. ft.
Lot Size: 44,400 sq. ft.
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$129,900 Mortgage Calculator
8 LANE 1 .
Warwick, RI / 02888
MLS# 1113824
Type: Single Family
Neighborhood: GASPEE/SPRING GREEN
Beds: 4 Beds
Baths: 1 Full / 0 Half
Living Area: 1,155 sq. ft.
Lot Size: 0 sq. ft.
Listed by: Anita Demers Independent Brks Realty Of RI
Office: 401-942-5600
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$356,900 Mortgage Calculator
2172 POST RD
South Kingstown, RI / 02879
MLS# 1095763
Type: Multi-Family
Neighborhood: PERRYVILLE
# of Units: 4
Total Beds: | Unit1(2), Unit2(1), Unit3(1), Unit4(3), Beds
Total Baths: 4 | Unit1(1), Unit2(1), Unit3(1), Unit4(1), Full
Building Area: 4,548 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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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."