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.
On Wednesday, March 8 the Real Estate Branding Summit is being held at Aurora right here in Providence. The one-day conference, sponsored by Mortgage Network, aims to accelerate Real Estate professionals’ branding success.
The event features six branding experts including Residential Properties Ltd’s own Jim DeRentis. Known as the Providence Real Estate Guy, DeRentis has been with RPL since 2009 and a top producing sales agent at the company since 2011. DeRentis has been named one of “America’s Best Realtors” by Real Trends and was also featured on the cover of Top Realtor Magazine’s RI edition. The self-described “real estate junkie” will speak to Branding Summit attendees on creating a unique and successful personal brand.
Click the image above to view the complete list.
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.