So, I may be the only one reading this post, but of course I hope not. Perhaps the fine people at Active Rain will look over my shoulder and make suggestions on how to better inform the public about our little state of Rhode Island and it's current Real Estate market.
Here are the current stats:
Here's some local information about the "pipeline": All of RI. from RIAR
Single Family: 952 Pending average = 3bd/1bth 1524 sq./ft. $232,034.00
Condos: 189 Pending average 2bd/1bth 1325 sq./ft. $410,197.00
Multi-Family 458 Pending average = 2636 sq./ft $129,703.00
Vacant Land 80 Pending Average = 210,589 sq./ft $222,770.00
Wow, there is a lot of activity in Rhode Island with a poulation od 1 million. What I am seeing is a strong market for the cities with multi-family investments as well as great values on the starter homes. Some building has started and will continue this spring. Lastly, the condo market reflects some very high end units on the water being purchased as the boomers come of age.
Over all we have a very active market.
I think the tax credit is definitely helping all across the country. It will remain to be seen what happens after April 30. No matter what, there is always a need to buy and sell property;it will never be stagnate.
I look forward to helping wherever I can.
Have a great day.
Mark McHugh, ABR,SRES
Slocum Realty Warwick, Rhode Island 02886 Mobile 401-641-3842 markm@slocumrealty.com
"Exceptional service with a smile."
Comments(4)