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Median Home Prices: Homes SOLD In Newport, Middletown, and Portsmouth Rhode Island!

Median Home Prices: Homes SOLD In Newport, Middletown, and Portsmouth Rhode Island!

Here is a brief snapshot for the median price of homes that have SOLD in Newport, Middletown, and Portsmouth RI over the past 3 years:

September 2007: $444,000……………..Days on Market: 106

September 2006: $402,500……………..Days on Market: 102

September 2005: $465,000……………..Days on Market: 87

Posted by:

Email: John@MarketWatchRI.com
Sales Web: www.MarketWatchRI.com
View all of our rentals at: www.NewportCountyRentals.com

Posted by John Cain : Broker Associate on 10/17/2007 04:38 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

Median Home Prices: Homes For Sale In Newport, Middletown, and Portsmouth Rhode Island!

Median Home Prices: Homes FOR SALE In Newport, Middletown, and Portsmouth Rhode Island!

Here are some stats for the median price of homes For Sale in Newport, Middletown, and Portsmouth RI.

September 2007: $497,000……………..Days on Market: 134

September 2006: $475,000……………..Days on Market: 111

September 2005: $499,000……………..Days on Market: 92

Posted by:

Email: John@MarketWatchRI.com
Sales Web: www.MarketWatchRI.com

KW Rentals: www.NewportCountyRentals.com

Posted by John Cain : Broker Associate on 10/17/2007 04:35 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

Median Home Prices: Homes For Sale In Rhode Island!

Median Home Prices: Homes For Sale In Rhode Island!

Here are some stats for the median price of homes for sale in Rhode Island.

September 2007: $314,900……………..Days on Market: 109

September 2006: $325,000……………..Days on Market: 96

September 2005: $338,900……………..Days on Market: 75

Posted by:

John Cain
Broker Associate

Sales - Rentals - Property Management

Keller Williams Realty of Newport
809 Aquidneck Avenue
Middletown, RI 02842

Direct: (401) 608-9214
Mobile: (401) 662-7668
Fax: (401) 845-9202
Sales Web: www.MarketWatchRI.com
View all of our rentals at: www.NewportCountyRentals.com

Posted by John Cain : Broker Associate on 10/17/2007 04:29 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

Rhode Island Real Estate Market Conditions – Sold in September!

*All RI MLS:

9/2006 = 1036

9/2007 = 765

% Difference: -26.16%

*Aquidneck Island

9/2006 = 50

9/2007 = 42

% Difference: -16%

*East Bay

9/2006 = 56

9/2007 = 35

% Difference: -37.50%

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Posted by John Cain : Broker Associate on 10/17/2007 04:20 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

Past Supply Numbers For The U.S. Real Estate Market!

12/2004 Inventory = 2.22 million units

12/2005 Inventory = 2.85 million units

12/2006 Inventory = 3.51 million units

Posted by:

Posted by John Cain : Broker Associate on 10/17/2007 04:18 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

Truths In A Shifting Market

Truths In A Shifting Market

The tide has turned! It is now more important than ever to know your market!

It's important to::

*Know the numbers!

*Educate their buyers and sellers on the local market conditions!

Inform your sellers! They need to understand the current market:

How many homes in their price range are currently on the market?

How many similar homes have sold in the past 6 months, 3 months, and last month?

What kind of cooperative commissions are being offered on competing properties?

The absolute importance of using an effective pricing strategy; Let’s not forget that hope is not considered an effective pricing strategy!

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Posted by John Cain : Broker Associate on 10/17/2007 04:16 PM

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rhode island, realtor, real estate, homes for sale, newport ri, sales, rentals, property manager, middletown, portsmouth, jamestown

MLS Security: Is your MLS safe?

Rhode Island Statewide MLS recently implemented new security measures for gaining access to the MLS. All agents have received "security tokens" that generate a one time password EACH time you log on to MLS.

Here's why Statewide MLS says we needed the change:

"State-Wide MLS identified the need to implement a security initiative designed to provide optimum protection for YOUR valuable MLS and consumer data. As data and identity theft has become a growing concern nationwide, reliance on usernames and passwords as the sole form of user authentication is no longer an option. Security analysts estimate that between 10 to 25 percent of user logins to an MLS are NOT legitimate dues-paying Members. SAFEMLS® authenticators provide the necessary security to protect the MLS data and your client’s personal and financial information, while still offering the flexibility and convenience for the truly mobile MLS Member.

SAFEMLS® authenticators generate one-time passwords with the simple touch of a button. Once a password is used, it can not be used to log in again, thus significantly reducing the risk of shared passwords. State-Wide MLS is confident that the SAFEMLS® solution is an important step to protecting the valuable data and information that is vital to our MLS Members."

Although I first thought this was going to be a huge inconvenience I have actually found it to be not such a big deal. The first time I forgot my "token" I simply decided to attach it to my keyring - problem solved. I have also gained some peace of mind (even though I wasn't quite worried before) that the information I store on MLS is in fact safe and will not be viewed by others. Keep an eye out...you'll probably see the same security initiatives coming to your local MLS!!!

Posted by John Cain : Broker Associate on 08/29/2007 02:57 PM

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rhode, island, mls, safemls, token, security, websites, homes, for, sale, newport, ri, john, cain

Inventory at all time highs - what are you doing to sell????

We all know that the days of expecting a quick and easy sale are over. What are you doing to get your listings sold? What are you doing to set your listings apart from the rest? Home Warranty? Free Moving Service? Closing costs? Staging? Aggressive pricing?

What IS & what ISN'T working for you?

Posted by John Cain : Broker Associate on 08/27/2007 07:58 PM

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Inventory of unsold homes hits 15 year high! What's going on in your neck of the woods?

NAR reported today that the inventory of single-family unsold homes is up to a 9.2 month supply. I'm sure you'll all agree that the "mortgage meltdown" certainly isn't helping matters. The last time we saw inventory this high was back in October of 1991. For all types of properties (single family, condos, etc) the average is up to a 9.6 month supply but NAR has only been tracking those stats since its last high in '99.

What's going on in your neck of the woods?

Posted by:

John Cain
Broker Associate
Keller Williams Realty of Newport

809 Aquidneck Avenue
Middletown, RI 02842

Posted by John Cain : Broker Associate on 08/27/2007 05:03 PM

Comments (3)

nar stats newport ri home sale statistics rhode island and across the country