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0 ANTHONY RD
Portsmouth, RI / 02871
MLS# 1093318
Type: Vacant Land
Neighborhood: COMMON FENCE POINT
Lot Frontage: 1,498 ft.
Lot Size: 16,168 sq. ft.
Lot Type: Residential
Listed by: Debra Torres KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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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
$895,000 Mortgage Calculator
130 GRANITE DR
East Greenwich, RI / 02818
MLS# 1083514
Type: Single Family
Neighborhood: STONE RIDGE
Beds: 4 Beds
Baths: 4 Full / 1 Half
Living Area: 3,680 sq. ft.
Lot Size: 45,237 sq. ft.
Listed by: Sophia Karvunis PHIPPS REALTY
Office: 401-884-1030
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$249,900 Mortgage Calculator
2399 CRANSTON ST
Cranston, RI / 02920
MLS# 1120673
Type: Single Family
Neighborhood: MESHANTICUT
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,930 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Benjamin Duff World Net Real Estate Group
Office: 401-732-1722
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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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$577,000 Mortgage Calculator
1200 HOPE ST
Bristol, RI / 02809
MLS# 1069726
Type: Single Family
Neighborhood: ROCKWELL
Beds: 5 Beds
Baths: 0 Full / 0 Half
Living Area: 5,300 sq. ft.
Lot Size: 52,272 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
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$365,000 Mortgage Calculator
17 COGGESHALL AV
Bristol, RI / 02809
MLS# 1113978
Type: Single Family
Neighborhood: COGGESHALL AVE.
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,560 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Nicki Ann Tyska 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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$385,000 Mortgage Calculator
140 PINE GLEN DR
East Greenwich, RI / 02818
MLS# 1117552
Type: Condo
Complex Name: PINE GLEN
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 2,000 sq. ft.
Style Type: Town House
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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Strong Gains in Housing Market in October
Friday, November 30, 2012

Both the number of single family home sales and median price rose in October, according to statistics released today by the Rhode Island Association of Realtors. Though sales activity has been increasing year over year for 16 months, October was the first month that showed evidence of an increase in median price since May, 2011. Single family home sales increased 24 percent last month and the median sales price of single family home sales in October was $200,000, ten percent higher than the median price of sales in October, 2011.

"Sales activity has been increasing for such a long time that prices were bound to go up eventually.  As the supply of excess housing inventory depletes, prices will adjust accordingly. It's all about supply and demand. Diminishing foreclosure sales is also helping to boost median price," said Victoria Doran, 2013 President of the Rhode Island Association of Realtors.  RIAR reported that the number of single family homes for sale fell 18 percent in October, resulting in a seven-month supply of single family homes for sale. A six-month supply is considered to be a balanced market between sellers and buyers.

Foreclosure activity is also adjusting downward with just 21 percent of total single family home sales being sold through short sale or foreclosure last month, compared to 25 percent a year ago. The median price of sales selling through conventional means was $220,500.

The condominium market also fared particularly well last month, with sales rising 37 percent and median price increasing 21 percent to $170,000. The percentage of distressed sales fell to 19 percent from 22 percent last year and the median price of non-distressed sales only was $205,000. The number of condos available for sale fell 16 percent from a year ago. There was a nine-month supply of condominiums for sale at the end of October.

Multi-family properties rose significantly as well, rising 15 percent from the year prior. Median price increased 20 percent to $120,400.  Short sales and foreclosures accounted for 45 percent of total sales (compared to 46 percent in October, 2011), and the median price of conventional sales only was $149,500. There has been a 26 percent decrease in multi-family properties for sale in the past year which has led to six-month supply of inventory for sale.

"The market has been gaining strength gradually for some time now but it's been a while since we've seen such strong indicators of recovery in every area," said Doran.  "As we move toward the New Year, interest rates are still extremely low, prices are reasonable and the housing market seems to be on the right track. It's critically important that Congress not derail this positive momentum with changes to the mortgage interest deduction or capital gains exclusion."