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R.I.’s Housing Market Shows Significant Price Gains in First Quarter

Warwick, R.I. – April 25, 2018…The Rhode Island Association of Realtors reported that the median price of single-family home sales increased 9.7 percent from the first quarter of 2017 to $252,250. Nineteen hundred and thirty-eight (1938) homes sold last quarter, down from 1982 sales in the first quarter of last year. Single-family home sales activity fell or stayed the same year over year in all but 17 of the 40 districts measured.

The median sales price of multifamily properties also saw a significant increase. At $225,000, that sector’s median price was 25 percent higher than that seen in the first quarter of 2017. Sales activity also increased, rising 3 percent.

“There’s no doubt about it. Homeowners who decide to sell are seeing good profits because their equity rose substantially over the past few years,” said Joe Luca, 2018 president of the Rhode Island Association of Realtors. “When asked what the three most important words were in real estate, the answer most often given is ‘location, location, location.’ Now it could be argued that it could be ‘timing, timing, timing.’ The market is hot for sellers right now.”

See full article and accompanying statistics and infographic on riliving.com/pressreleases.

About the Rhode Island Association of REALTORS®
The Rhode Island Association of REALTORS®, one of the largest trade organization in Rhode Island with more than 5000 members in approximately 800 offices, has been serving Rhode Islanders since 1948. Collectively, RI REALTORS® transacted more than $5.1 billion in real estate sales last year.
Advocating for Rhode Island’s property owners, the Rhode Island Association of REALTORS® provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.

The Association is one of more than 1,400 local boards and associations that comprise the National Association of REALTORS® (NAR). The National Association of Realtors®, “The Voice for Real Estate,” is America ‘s largest trade association, representing over 1.2 million members involved in all aspects of the residential and commercial real estate industries.

REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
Contact: Kerry Park
Ph: 401-432-6948

Shingle-style colonial sells for $1.1M in Barrington

BARRINGTON – A shingle-style colonial at 61 Appian Way has sold for $1.1 million, the third sale in the town topping the million-dollar mark this year.

The house is set on Narragansett Bay, and has a landscaped lot reaching down to the beach. The property includes a wood-burning fireplace in the living room and panoramic views, according to a description provided by Residential Properties Ltd., which represented both the seller and buyer.

The listing agent was Lisa Schryver, a Barrington resident. The buyer’s agent was Kerri Payne, an East Bay resident, as well.

The sale was announced April 5.

Melissa D’Ellena, Esq., of D’Ellena Law Office, LTD. to speak on iHeartradio’s “The Round Table”

Melissa D’Ellena, Esq., of D’Ellena Law Office, LTD., has been invited by “The Round Table” to guest star and educate the public, along with a heavy base of real estate professionals and property owners. The show’s goal is to provide timely, balanced information, and insight, from the region’s top professionals in real estate, law, and finance.

“Within a little over 2 years, The Round Table has been able to obtain the largest following through radio signal, social media, and blogging, for a show of its kind. Weekly, we provide accurate information that teaches the public how to take advantage of their real estate and financial markets.” Says Show Host Emilio DiSpirito, a nationally recognized award winning show host and Realtor.

“We look to align ourselves with partners like Ms.D’Ellena and D’Ellena Law Office because we only want the most successful brands and people to advise our listenership. When you tune in to our show, you know what you are hearing is genuine and the best information out there. We believe now more than ever that we need a single reliable source to get ascertain all our information from. There are too many options out there, most being inaccurate and false. The Round Table provides a solution to this modern-day dilemma.” Says DiSpirito.

From their website:

“D’Ellena Law Office is a full service real estate conveyancing firm. We handle all aspects of real estate transactions. We represent buyers, sellers, and lenders. We also handle estate planning, probate administration, and corporate law to better accommodate our clients. D’Ellena Law Office has been representing clients for more than 30 years. Our firm started with one attorney and as our client base grew, so did our staff. We now have four attorneys and five support staff ready to accommodate all your legal needs.”

With a team that, when combined has over 80 plus years of experience practicing law, their clients can be sure that they will receive an exceptionally smooth and professional experience when hiring D’Ellena Law Office to represent them.

Tune in Sunday’s at 10 am on Newsradio 920 or streaming Nationally on iHeartradio app WHJJ. Visit www.TheRoundTableRadio.com for informative videos, blogs and podcasts of prior shows.

For additional information on D’Ellena Law Office, LTD., please visit: http://dellenalaw.com/

Mike Auger of Patriot Property Inspections Asked to speak on iHeartradio’s “The Round Table”

Mike Auger, CMI, RI Home Inspector, and owner of Patriot Property Inspections has been invited by “The Round Table” to guest star and educate the public, along with a heavy base of real estate professionals and property owners. The show’s goal is to provide timely, balanced information, and insight, from the region’s top professionals in real estate, law, and finance. “Within a little over 2 years, The Round Table has been able to obtain the largest following through radio signal, social media, and blogging, for a show of its kind. Weekly, we provide accurate information that teaches the public how to take advantage of their real estate and financial markets.” Says Show Host Emilio DiSpirito, a nationally recognized award winning show host and Realtor. “We look to align ourselves with partners like Mr. Auger and Patriot Property Inspections because we only want the most successful brands and people to advise our listenership. When you tune in to our show, you know what you are hearing is genuine and the best information out there. We believe now more than ever that we need a single reliable source to get ascertain all our information from. There are too many options out there, most being inaccurate and false. The Round Table provides a solution to this modern-day dilemma.” Says DiSpirito. The number one reason to do business with Patriot Property Inspections is to be properly informed. Patriot Property Inspections is the best at what they do for a reason. Their team approach is better for their clients than what other inspection companies offer. Mike Auger, Certified Master Inspector (CMI), and certified professional inspector through interNACHI, keeps it personal by being at every inspection and operating a 2-man team for maximum efficiency and productivity. By using their 2-man team to inspect their clients’ homes in a more efficient way, they can cut a three-hour home inspection down to an hour to an hour and a half. This provides a higher quality thorough inspection and a better turn-around time. This way, their clients can have their report in a matter of hours, as opposed to days. Knowing this, it is no wonder why Patriot Property Inspections is best home inspection team in Rhode Island. Tune in Sunday’s at 10 am on Newsradio 920 or streaming Nationally on iHeartradio app WHJJ. Visit www.TheRoundTableRadio.com for informative videos, blogs and podcasts of prior shows. For additional information on Patriot Property Inspections, please visit: http://www.homeinspectorri.com/

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