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RE/MAX Reports 1.3% Increase in Pending RI Home Sales for March

Tuesday, April 15, 2014

 

Pending home sales in New England are up 26.5 percent over March 2013, and 1.3 percent in Rhode Island during the time frame, according to the RE/MAX of New England Housing Report for March 2014.

In Rhode Island, home transactions fell -2.0 percent, while median price increased 7.9 percent, while pending sales are up.

Inventory in every state in the region, except Vermont, shows a decrease year-over-year. Overall home sales show an increase of 31.5% month-over-month, an expected trend as the busy spring market arrives.  

 

Source: RE/MAX of NE March 2014 Housing Report

Overview for other New England states

• In Connecticut, the number of total transactions is down -4.3% year-over-year and median price decreased -2.2%. Pending sales were up 30.1% year-over-year.
• Massachusetts showed a decrease of -6.6% in total transactions year-over-year. The median price increased 9.7%. Pending sales were up 36.3% over March of 2013 – once again, the highest in the region.
• In New Hampshire, home transactions decreased -8.4% year-over-year, and median price rose 5.7%. Pending sales were up 7.1% year-over-year.
• Vermont showed a decrease in total transactions, down -3.5%, while median price stayed level at $195,000 year-over-year. Pending sales were up 16.5% year-over-year.
• MLS Data not available for Maine at this time.

 

Related Slideshow: 10 Great RI Houses That Just Came on the Market—April 10, 2014

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South Kingstown

80 Thoreau Ln.

3 beds, 2 baths

$625,000

3 bed, 2 1/2 baths 4.5 acres w/ private beach ownership. Abuts 100+ acres conservation land. Gourmet granite kitchen,A/C, newly finished hardwoods, 2 FP, master suite, front porch,deck,patio, outdoor shower,underground sprinklers, 2 FP, 3 car garage

Days on the market: 3

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Little Compton

11 Ocean Dr.

3 beds, 2 baths

$629,000

What could be better than a cottage overlooking south shore beach? Open floor plan for easy living opens to both deck & patio. Terraced stone walls, circular drive & beautiful plantings make for great curb appeal. Outdoor shower.

Days on the market: 3

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North Smithfield

523 Smithfield Rd.

3 beds, 1 bath

$179,900

Center Hall Colonial,elegant interior.Hardwood flooring throughout,Classic details: high ceilings, moldings, built-in shelves,arch walls,chair rail in DR,period window trims.Master BR is 15X18,gas heat,updated bath.maintenance free.2 car Garage.Must see

Days on the market: 3

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Bristol

14 Aaron Ave.

4 beds, 4 baths

$629,000

Lush landscaping surrounds this West Side expanded Cape with 1st fl Master 3 -2nd fl beds each with private bath.Lg Entertaining space opens to a Pergola covered patio.Hardwoods, Granite. Currently being used as a B&B.

Days on the market: 3

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South Kingstown

551 Allen Ave.

3 beds, 2 baths

$339,999

Warmth welcomes you to this charming Gambrel. Generous new maple kitchen w/ granite & large island leads to 2 level deck overlooking private yard, screen room & fire pit. Stone fireplace, hardwoods, new lav & full bath. Large master his/her closets.

Days on the market: 3

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Coventry

7 Plum Tree Ln.

3 beds, 3 baths

$345,000

Just move right in! Perfect home for entertaining. New granite kitchen, wood floors, formal dining, spacious family room with stone fireplace, spa bath with jetted tub and sauna, master bed with bath, wonderful spacious yard. Great location!

Days on the market: 5

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Providence

38 Cushing St.

6 beds, 3 baths

$501,00

Stately College Hill Queen Anne Victorian w/ many original details, hardwoods throughout, pristine location. Has experience damage due to frozen pipes, cash or prequal for rehab preferred, This property is being offered PRE-RENOVATION!!

Days on the market: 6

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Charlestown

19 Hunters Harbor Rd.

3 beds, 3 bath

$975,000

Lovely custom home in Arnolda featuring a salt water in-ground pool. Pastoral setting with exquisite gardens along with magnificent outdoor living space in a thoroughly charming setting. Association tennis, beach, association docks & much more

Days on the market: 6

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North Kingstown

621 Pendar Rd.

4 beds, 2 baths

$597,900

Paradise in North Kingstown! Immaculate 4 bed custom Victorian Colonial set on tranquil 3 acre site w/specimen trees,walking trails,gated driveway,farmers porch,large deck,open floor plan. Master w/2 huge walk-ins. Bonus Barn/Garage/Man cave.

Days on the market: 6

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Cranston

183 Dunedin St.

3 beds, 1 bath

$199,900

This beautiful spacious home offers a nice open floor plan. Gleaming hardwoods throughout. Brand new kitchen, granite counters, & center island. Skylite. New updated bathroom. New baseboard heat. 6 year young roof. New insulation. Composite decking

Days on the market: 3

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