homes for sale: Median Home Prices: Homes SOLD In Newport, Middletown, and Portsmouth Rhode Island! - 10/17/07 09:38 AM
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:
 
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
Email: John@MarketWatchRI.com Sales Web: www.MarketWatchRI.com View all of our … (1 comments)

homes for sale: Median Home Prices: Homes For Sale In Newport, Middletown, and Portsmouth Rhode Island! - 10/17/07 09:35 AM
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:
 
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
Email: John@MarketWatchRI.com Sales Web: www.MarketWatchRI.com
KW Rentals: www.NewportCountyRentals.com
 
(0 comments)

homes for sale: Median Home Prices: Homes For Sale In Rhode Island! - 10/17/07 09:29 AM
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
(0 comments)

homes for sale: Rhode Island Real Estate Market Conditions – Sold in September! - 10/17/07 09:20 AM
*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%
 
 
 
 
 
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
 
 

 
(0 comments)

homes for sale: Past Supply Numbers For The U.S. Real Estate Market! - 10/17/07 09:18 AM
12/2004  Inventory = 2.22 million units
 
12/2005  Inventory = 2.85 million units
 
12/2006  Inventory = 3.51 million units
 
 
 
 
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
(0 comments)

homes for sale: Truths In A Shifting Market - 10/17/07 09:16 AM
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 … (0 comments)

homes for sale: You've found your new home and signed the contract...when can you move in? - 03/05/07 09:48 AM
Buying a home, however, is far more complicated than buying a car. Plus, you're not likely to take title to a home as quickly as you can drive new car off the showroom floor. How long it takes to close a sale varies from one home purchase transaction to the next. Closing occurs when title to the property transfers from the seller to the buyer. The closing date is one of the many elements of a home purchase contract that are negotiated by the buyer and seller. The buyer usually proposes a closing date in the initial offer. If that date … (0 comments)

homes for sale: What is included in a home sale? - 03/05/07 09:45 AM
It's helpful to understand the difference between real property and personal property. Real property refers to the land and anything that is permanently attached to it, such as a house, trees, shrubs and a fence. Personal property is movable--things that are not permanently attached to real property. Furniture, clothing, art work and potted plants are examples of personal property. A fixture is an item of personal property that is attached to the real property and is therefore treated as real property such as plumbing and light fixtures. Fixtures typically transfer to the buyer with the real property unless they are specifically … (0 comments)

homes for sale: What kind of insurance will I need when I buy a home? - 03/05/07 09:44 AM
Before a lender will issue the mortgage funds to close on a home purchase, a policy of title insurance is usually required which guarantees the lender's interest in the property. The buyer usually pays for the lender's title policy. But, the lender's policy won't protect the buyer's interest in the property. Buyers should obtain their own policy of title insurance. Who pays for the buyer's title insurance is usually negotiable between the buyer and seller, and is often set by local custom. Title insurance is paid for on a one-time only basis, and it's not transferable. The cost of a policy … (0 comments)

homes for sale: Does your home have "defects"? Of course it does! - 03/05/07 09:38 AM
Did you know that just about every home has defects?
You'll undoubtedly discover defects during your inspections. In fact, you should hope that any significant defects are uncovered before you remove your inspection contingency from the purchase contract. It's far worse to be surprised after closing by unanticipated repair expenses. Armed with a complete assessment of the current condition of the property, you can make an informed decision about whether to purchase the property in its present condition. Or, you may want to renegotiate the terms of your contract with the seller. If defects are incurable, you may want to withdraw from … (0 comments)

homes for sale: What is an "as-is" sale? - 03/05/07 09:35 AM
What is an "as is" sale?It's difficult to know from an advertisement what "as is" means with respect to the sale of a residential property. It can mean that the property is being sold in its present condition and without a warranty. In other words: The seller makes no guarantees about the property's condition.In some states, like California, sellers may provide a general warranty of habitability when they sell a home. Generally, this means that the roof is free of known leaks and the dwelling systems like plumbing and electrical are in working order. With an "as is" sale, such a … (0 comments)

homes for sale: Thinking of Buying? Top 10 Signs That It's Time To Own Your Own Home - 02/24/07 09:38 AM
10. You're ready to stop paying your landlord's mortgage payment, and start building wealth of your own. 9. You could use the property tax and mortgage interest deductions. 8. You want a vested interest in your community. 7. It’s mid-August and you can no longer tolerate waiting for your landlord to send someone to fix your air conditioner. 6. You are working at a job where you won’t leave the country every other year. 5. You want to provide your family with a sense of stability and plant roots. 4. There are more than twice as many people as bedrooms in … (0 comments)

 

John Cain

Broker Associate

Newport, RI

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Keller Williams Realty of Newport

Address: 809 Aquidneck Avenue, Middletown, RI, 02842

Office: 401(845) 920-0214

Mobile: (401) 662-7668

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