C. C. and Chris Wall Providence RI Real Estate

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 of time, I am just going to post our answers as they were asked by the ...

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.  Days on market increased substantially +65% to 141 days.  Not a pretty ...

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 far too little in the lower end, first time home buyer market.  ...

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 the peak of the East Side Market which was 2006, the single family housing ...

The Case for Listing Your House in the winter I am writing this as I am headed home from Los Angeles, where I spent a week in some of the most beautiful January weather they have seen there in a long time.  As I took walks in some of the neighborhoods, the air was fragrant, with flowers like roses, snapdragons, orange trees and magnolias in ...

Recently we suggested that a seller who is putting their house on the market in the next few months do a pre-listing inspection.  Granted, the house is in great shape, so it came as a surprise that we would recommend this.  The current owners wondered whether or not the potential buyers would trust the report since it would be coming ...

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 and with buyers who have seen the credit markets dry up.  ...

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 the very beginning or risk becoming stale and simply not selling at all. A ...