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Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
Single Family Home Sales for PPS
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Single Family Home Sales for PPS

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Presentation on Single Family Home sales in Providence over the first two quarters of 2009 compared to 2008. Libby Isaacson, COO of Residential Properties, Ltd. gave the presentation.

Presentation on Single Family Home sales in Providence over the first two quarters of 2009 compared to 2008. Libby Isaacson, COO of Residential Properties, Ltd. gave the presentation.

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  • Primarily speaking on Single Family Market
    Will touch on Multi-Family in some areas
    When people ask "How is the Market" - They really want to know "how much is my house worth?"
    Values have fallen about 25%
    People also like to know what specific house sell for, and I have some to show with pricing information
  • Market was paralyzed
    No Spring Market
    Majority of sales were "distressed" meaning REO or Short Sales.
    But. . .
  • I'm breaking Providence into two segment
    East side and this one (Armory, Broadway, and Elmwood)
  • More sales in 2009 were distressed
  • This was a multi-family
  • Single Family Home
  • MF sold for $194K in 2004,then $112K in 2007
    SF sold for $55K in 2005
  • Parkis is now in Pending
  • Few Sales in 2009
  • Transcript

    • 1. Rhode Island’s Real Estate Company® Providence Single Family Real Estate Market 2009 and The Recession
    • 2. Rhode Island’s Real Estate Company® There are Good Signs
    • 3. Rhode Island’s Real Estate Company® General Market Overview • First Half of 2009 – Paralyzed • Spring Market? Started in Late June • Finally, Some Good RIAR Statistics – Year over Year July sales up 8.8% – Median price steady at $210K, up 14% from '09 low – Distressed home sales down to 30% vs 44% of total
    • 4. Rhode Island’s Real Estate Company® Current State of the Market • 2 Markets – Distressed and Non-distressed • 6 Month Supply of SFM – Healthy Market • 4.6 Month Supply of MFM – Seller's Market – but highly affected by distressed sales (71% in July)
    • 5. Rhode Island’s Real Estate Company® Armory, Broadway, and Elmwood Home Statistics 2008 2009 1st Quarter Avg. Price $123,600 $72,155 2nd Quarter Avg. Price $131,025 $82,431 Includes Multi-family (2-4) properties
    • 6. Rhode Island’s Real Estate Company® More Armory, Broadway, and Elmwood Numbers 2006 2009 % Change Number of Sales for first half of year 73 111 +52% Days on Market (DOM) for first half of year 72 87 +21% Includes Multi-family (2-4) properties
    • 7. Rhode Island’s Real Estate Company® Most Expensive Sale • In Broadway District in 2007 • 174 - 176 Broadway • $570,000
    • 8. Rhode Island’s Real Estate Company® Most Expensive Sale • In Armory District in 2008 • 62 Willow Street • $395,000
    • 9. Rhode Island’s Real Estate Company® Most Expensive Sale • In Broadway District in 2009 • 104 Almy Street • $432,500
    • 10. Rhode Island’s Real Estate Company® Least Expensive Listing in Armory, Broadway, or Elmwood Districts • Multi-family in Armory • 88 Ford Street • $21,000 • Single Family in Elmwood • 48 Glenham Street • $35,000
    • 11. Rhode Island’s Real Estate Company® Most Expensive Listing in Armory, Broadway, or Elmwood Districts • Multi-family • 422 Broadway Street • $629,000 • Single Family • 36 Parkis Avenue • $289,000
    • 12. Rhode Island’s Real Estate Company® East Side Home Statistics 2008 2009 1st Quarter Avg. Price $456,917 $432,214 2nd Quarter Avg. Price $579,384 $493,330
    • 13. Rhode Island’s Real Estate Company® More East Side Numbers 2006 2009 % Change Number of Sales for first half of year 94 53 -44% Days on Market (DOM) for first half of year 67 84 +25%
    • 14. Rhode Island’s Real Estate Company® Most Expensive Sale • On East Side in 2007 • 10 Brown Street • $2.4 Million
    • 15. Rhode Island’s Real Estate Company® Most Expensive Sale • On East Side in 2008 • 66 Cooke Street • $2.775 Million
    • 16. Rhode Island’s Real Estate Company® Most Expensive Sale • On East Side in 2009 • 309 Benefit Street • $3.2 Million
    • 17. Rhode Island’s Real Estate Company® Least Expensive Listing • On East Side in 2009 • 29 Locust Street • $95,000
    • 18. Rhode Island’s Real Estate Company® Most Expensive Listing • On East Side in 2009 • 460 Rochambeau Avenue • $12.5 Million
    • 19. Rhode Island’s Real Estate Company® Then, There are Great Signs

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