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03 June 2009
State of the Market for Informed Homeowners and Investors East Side Providence
We were recently asked some questions by a reporter for Personal Real Estate Investor Magazine. Since I noticed I had not posted since February (yes, its been that long) perhaps this interview will make up for it! This will be a long post and in the interest Read More...
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04 February 2009
Too Many, Too Few. The story of condo sellers, condo buyers on the East Side of Providence.
There was an article published in the Providence Journal yesterday that reported the results of the 4th quarter condo sales for 2008. For closed transactions, the number of sales were down -17.4% and the median price -21.1% from $355,000 to $280,000. Read More...
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02 February 2009
Wanted - More Houses Priced under $450,000 on the East Side of Providence
What's selling in the Single Family Market on the East Side of Providence? Well, houses in good condition and priced under $450,000 - that is what's selling. The point is that we have far too much inventory in the upper ends of the market and Read More...
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28 January 2009
Year in Review - Single Family Housing on the East Side of Providence
So how did we do last year? The Single Family Housing Market on the East Side of Providence experienced less severe declines than other areas of the State. In fact, for 2008, the Median Price of a Single Family Home was $486,000, up +3.8% over 2007. From Read More...
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22 November 2008
What a crazy week.
Here's how we are feeling about the economy after last week: Money is too tight to mention! Normally we have a falloff in real estate sales during November but this year is worst than most. I sympathize with all sellers who need to sell right now Read More...
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19 November 2008
What are you crazy? Sell now in this market?
Thinking of selling now or in the future? Every day that goes by in a declining market, a property loses a bit of its value. So the longer the property is on the market, the more the seller is chasing the market down. A property must be priced right from Read More...
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