May 21st, 2019
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Residential Properties Ltd would like to announce the sale of 51 Manning Street for $1,695,000, making it the highest sale on the East Side this year. RPL has now listed all seven homes to sell for over $1 million on the East Side this year, while also representing 13 of the 14 transaction sides. The listing agent for this property, Jim DeRentis, is a member of RPL’s Providence office and has now listed four of the seven East Side homes to sell for over $1 million this year.

This historic home has been incredibly converted into an immaculate 5 Bed, 6.1 bath home that boasts over 5,600 square feet of living space. The inside is filled with natural light and elegant details that meld beautifully with all of the modern amenities. Entertain in the magnificent living room or fix meals in the stunning kitchen. Garden parties are a must in the private walled yard filled with mature plantings.

Sales Associate Jim DeRentis, has been a recipient of the Circle of Sales Excellence Platinum Plus Award since 2011 when he was named Rookie of the Year. Jim has also been included on Real Trends’ list of “America’s Top Real Estate Agents”. To learn more about DeRentis and view his current listings, please visit ThePVDRealEstateGuy.com.

May 16th, 2019
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Residential Properties Ltd would like to proudly announce that The McKinnon Team of their Cumberland Office has successfully closed the sale of 95 Burlingame Road in Smithfield for $1.4 million. According to MLS, this is the highest sale ever recorded in Smithfield, and in fact, no home in this town had ever sold for over $1 million before this.

Sitting on over 11 acres this remarkable home is filled with natural light and intricate details. The incredible kitchen features custom cabinetry, top of the line appliances, and granite counters to make it the envy of any chef. The elegant master suite offers generous sleeping quarters warmed by a two-sided fireplace that also heats the private office, and a stunning master bath. The home’s beauty extends outside where a gorgeous Gunite pool with cabana is surrounded by landscaped grounds with hiking trails and mature gardens.

The Buying Agents, Doug and Catherine McKinnon make up The McKinnon Team, a husband and wife team based out of RPL’s Cumberland Office. Each has been a licensed realtor and broker since 1988 working successfully in Rhode Island and Massachusetts. To find out more and view their current listings, visit their bio page at ResidentialProperties.com.

May 14th, 2019
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RISMedia, recognized as one of the real estate industry’s definitive sources for news and information, recently released the results of its 31st Annual Power Broker Report Top 500, ranking Residential Properties Ltd. among the top producing real estate companies in the entire country. RPL is the only real estate company based solely in Rhode Island to appear on the Top 500 list, coming it at #332 in the nation with $858,982,295 in total sales volume during 2018.

For the fourth consecutive year, Residential Properties Ltd. led all firms in overall Rhode Island sales transactions during 2018, as well as total sales volume – finishing over $300,000,000 ahead of the next closest competitor.[¹]

The results of the report reveal that the Top 1,000 Power Brokers earned $1,424,776,652,825 in sales volume and garnered a total of 3,881,412 transactions during 2018. However, this success did not come without its challenges. Among the top issues reported were a lack of inventory (49 percent of Power Brokers), brewing economic uncertainty (25 percent), industry disruptors (13 percent), and increasing interest rates (8 percent). Despite these challenges, companies mostly reported feeling “cautiously optimistic” about 2019, a perception held by 59 percent of Power Brokers this year, compared to 52 percent during 2018.

The RISMedia Power Broker Report is packed with interactive research charts, year-over-year data, and detailed Power Broker Profiles. Visitors can also utilize the innovative, dynamic directory to search the Top 1,000 Power Brokers by sales volume, company name, brand, and transaction rank. Each Power Broker Profile includes their 2018 sales volume and transactions, as well as comparisons to past years, their ranked status, their agent count and number of offices, and other important information.

To learn more about the RISMedia Power Broker Report and view the complete rankings, please CLICK HERE.

[¹] This statement is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. as of May 2019.