The Rhode Island Association of Realtors has just released its January 2017 sales statistics, reporting a strong start to the year for the Rhode Island housing market.
Single family sales increased by 21% compared to January 2016. However, at the same time, inventory continued to drop with 13.2% fewer single family homes hitting the market.
This increase in buyer activity paired with such a low inventory of homes has propelled demand, making this an excellent time to put your home on the market if you have been considering a move.
Other statistics worthy of note were condominium sales, which shot up 31.3% from this same time period last year. Multi-family home sales stayed consistent with the overall trend, rising 20% from January 2016. However, multi-family pending and were both down which hints at lower sales moving forward.
For more information on the real estate market, local communities, and current listings, please visit ResidentialProperties.com.
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Providence Business News recently released its 2017 list of Residential Real Estate Companies in Rhode Island, and once again ranked Residential Properties Ltd. as the state’s number one company for both residences sold and overall sales volume during 2016.
After leading Rhode Island with 1,748 residences sold in 2015, RPL set a new company record in 2016 with a total of 1,886 residences sold – over 120 more sales than the next closest competitor. During a year in which the company celebrated its 35th anniversary, Residential Properties also set a new personal record with $789,000,000 in overall sales volume, compiling over $300,000,000 more than any other brokerage in the state.
“I’m bursting with pride,” exclaimed RPL President & CEO Sally Lapides. “Thank you to our amazing staff and managers, all of our outstanding real estate professionals who work as hard as anyone can imagine, and of course all of our loyal clients.”
This marks the second consecutive year that RPL has led the state in residences sold, while the company has also been ranked #1 in sales volume for no less than the past five years in a row.
As Rhode Island’s largest independently owned real estate company, Residential Properties Ltd. currently has over 180 agents located in five offices throughout the state, including Barrington, Cumberland, East Greenwich, Providence, and Narragansett. In addition to its local achievements, the company is also consistently ranked among the top 500 most successful real estate companies in the nation by both Real Trends and RIS Media.
To view current listings, find a qualified agent, or learn more about the current real estate market, please visit ResidentialProperties.com – recently ranked as one of the top 25 real estate sites in the entire country.
Residential Properties Ltd. represented both the buyer and the seller in the successful sale of 123 Blackstone Boulevard for $1,900,000. The RPL sales team of Markham + DeRentis Associates served as both the listing agent and the buyer’s agent in the transaction, which ranks as the third highest MLS-recorded sale on the East Side of Providence this year.
There have now been eight East Side sales of over $1,000,000 recorded in MLS so far this year. Residential Properties Ltd. is proud to have listed six of these properties while also representing 12 of the possible 16 transaction sides.
The home itself is a stunning Colonial Revival which was originally built in 1914, but has since been completely renovated with all of today’s modern conveniences. The professional grade kitchen features custom cabinetry and an adjoining family room with walkout access to a bluestone terrace and private city gardens. The home also offers two master suites, eight gas fireplaces, and all new systems, wiring and windows.
Markham + DeRentis Associates has listed four of the eight sales of over $1,000,000 on the East Side this year. M+D have a proven track record as one of the most successful real estate teams, not only in Rhode Island, but also in the entire nation. The team compiled $57,454,122 in overall sales volume during 2015 and has been included on the Real Trends America’s Best Real Estate Agents report each of the last two years. For more information on Markham + DeRentis Associates, please visit their website at MarkhamDerentisAssociates.com.
To learn more about this desirable area, watch our East Side of Providence community video below.