First Quarter - 2013Market ReportExecutive SummaryThe seeds of a housing recovery sown last year have blossomed thisspring...
Rhode Island Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 1,508 1,520 .07%AVERAGE SAL...
Newport County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 117 112 -4%AVERAGE SALE P...
Washington County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 259 238 -8%AVERAGE SAL...
Providence County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 708 745 5%AVERAGE SALE...
Bristol County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 64 69 8%AVERAGE SALE PRIC...
Kent County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 360 356 -1%AVERAGE SALE PRIC...
Newport Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 32 19 -41%AVERAGE SALE PRICE $47...
Narragansett Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 43 37 -14%AVERAGE SALE PRIC...
East Side of Providence Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 19 22 16%AVERAGE...
Jamestown Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 12 8 -33%AVERAGE SALE PRICE $5...
Westerly Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 40 37 -8%AVERAGE SALE PRICE $64...
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Q1 2013 market report

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Rhode Island Real Estate market report. First Quarter 2013.

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Q1 2013 market report

  1. 1. First Quarter - 2013Market ReportExecutive SummaryThe seeds of a housing recovery sown last year have blossomed thisspring in both Rhode Island and across the United States. Across the state,and in each individual county, inventory is declining while pending sales(commitments to purchase a home at a specified price and terms, typicallyclosing within 60 to 90 days) are up compared to the same period last year.This increased demand for housing has shortened the time it takes for aproperty to sell. At a statewide level, and in the majority of individualcounties, Rhode Island is experiencing a decline in the average days onmarket (DOM) for a new listing. The most dramatic declines for DOMoccurred in Bristol in Newport counties, compared to Q1 2012.Additionally, the median sales price has increased statewide, with anncrease of 7% over Q1 2012. Kent and Bristol counties experienced themost dramatic increases in median price. Kent county reported a 16%increase, while Bristol county reported a 38% increase in median sales priceover the same time period last year.In the luxury market, properties priced at $2,000,000 or higher, the supplyremains identical while pending sales have increased by almost 50% overlast year.
  2. 2. Rhode Island Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 1,508 1,520 .07%AVERAGE SALE PRICE $241,325 $231,839 -4%MEDIAN SALE PRICE $173,000 $185,000 7%AVERAGE DOM 110 105 -5%% SALE TO LIST PRICE 86.5% 89.1% 3%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 10,660 1,340 8 7,868 1,479 5$250,000 - $500,000 6,157 544 11 4,969 564 9$500,000 - $750,000 1,546 95 16 1,324 99 13$750,000 - $1,000,000 656 29 23 598 38 16$1,000,000 - $2,000,000 681 25 27 629 35 18$2,000,000 - $5,000,000 353 5 71 376 9 42$5,000,000 and up 96 0 N/A 73 0 N/AMarket Total 20,149 2,038 10 15,837 2,224 7*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$333,424 $389,114 $414,966 $422,796 $434,410 $379,631 $309,118 $329,368 $326,435 $333,754Days onMarket62 65 75 89 98 104 108 101 109 108% SalePrice toList Price96 96.1 95.8 95.8 93.9 93.4 92.7 92.4 92.1 92.7This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  3. 3. Newport County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 117 112 -4%AVERAGE SALE PRICE $446,068 $384,234 -14%MEDIAN SALE PRICE $485,000 $276,250 -43%AVERAGE DOM 204 159 -22%% SALE TO LIST PRICE 80.9% 82.9% 2%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 569 58 10 449 57 8$250,000 - $500,000 772 69 11 631 74 9$500,000 - $750,000 321 19 17 283 19 15$750,000 - $1,000,000 173 9 19 165 8 21$1,000,000 - $2,000,000 230 8 29 187 14 13$2,000,000 - $5,000,000 152 1 152 186 3 62$5,000,000 and up 53 0 N/A 40 0 N/AMarket Total 2,270 164 14 1,941 175 11*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$444,350 $525,471 $562,745 $591,833 $662,348 $565,318 $448,523 $489,019 $508,967 $540,348Days onMarket86 89 96 106 119 123 130 129 150 151% SalePrice toList Price93.6 94.3 94.3 93.7 93.6 91.7 89.3 91.3 90.9 92.30100200300400500600700800900$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  4. 4. Washington County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 259 238 -8%AVERAGE SALE PRICE $400,054 $356,925 -11%MEDIAN SALE PRICE $280,750 $276,000 -2%AVERAGE DOM 133 132 -.075%% SALE TO LIST PRICE 85.9% 89% 4%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 1,104 117 9 811 127 6$250,000 - $500,000 1,742 145 12 1,402 141 10$500,000 - $750,000 441 27 16 359 23 16$750,000 - $1,000,000 209 8 26 181 6 30$1,000,000 - $2,000,000 260 9 29 270 8 34$2,000,000 - $5,000,000 134 4 34 131 6 22$5,000,000 and up 37 0 N/A 32 0 N/AMarket Total 3,927 310 13 3,186 311 10*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSalePrice$364,420 $414,162 $459,224 $473,068 $451,686 $436,509 $351,124 $383,789 $377,122 $415,679Days onMarket68 68 80 97 107 111 112 112 113 117% SalePrice toList Price95.9 95.9 95.2 98.1 89.6 92.6 92.4 92.0 91.9 92.0020040060080010001200140016001800$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  5. 5. Providence County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 708 745 5%AVERAGE SALE PRICE $168,837 $180,397 7%MEDIAN SALE PRICE $148,250 $153,000 3%AVERAGE DOM 91 94 3%% SALE TO LIST PRICE 87.8% 89.8% 2%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 5,752 736 8 4,351 845 5$250,000 - $500,000 1,768 151 12 1,399 157 9$500,000 - $750,000 348 19 18 301 19 16$750,000 - $1,000,000 110 5 22 101 14 7$1,000,000 - $2,000,000 69 3 23 45 5 9$2,000,000 - $5,000,000 9 0 N/A 12 0 N/A$5,000,000 and up 3 0 N/A 3 0 N/AMarket Report 8,059 914 9 6,212 1,040 6*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$233,254 $276,027 $295,505 $296,675 $283,043 $237,389 $182,516 $210,629 $194,388 $192,094Days onMarket47 50 59 74 81 89 90 80 91 92% SalePrice toList Price97.5 97.2 97.1 96.5 95.6 94.6 94.3 94.7 94.5 94.40100020003000400050006000$0$50,000$100,000$150,000$200,000$250,000$300,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  6. 6. Bristol County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 64 69 8%AVERAGE SALE PRICE $331,895 $364,259 10%MEDIAN SALE PRICE $235,000 $325,000 38%AVERAGE DOM 129 105 -19%% SALE TO LIST PRICE 88.1% 89.4% 1%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 554 81 7 315 52 6$250,000 - $500,000 870 96 9 706 91 8$500,000 - $750,000 239 11 22 188 15 13$750,000 - $1,000,000 83 6 14 72 3 24$1,000,000 - $2,000,000 74 4 19 85 4 21$2,000,000 - $5,000,000 35 0 N/A 31 0 N/A$5,000,000 and up 3 0 N/A 0 0 N/AMarket Total 1,858 198 9 1,397 165 8*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$384,574 $445,163 $465,290 $452,418 $486,501 $418,182 $362,096 $350,232 $352,537 $325,240Days onMarket63 70 88 96 106 110 121 105 108 104% SalePrice toList Price95.4 95.5 95 94.7 94.6 93.7 92.7 89.3 88.8 89.8050100150200250300350400450500$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  7. 7. Kent County Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 360 356 -1%AVERAGE SALE PRICE $181,663 $211,924 17%MEDIAN SALE PRICE $150,500 $175,000 16%AVERAGE DOM 92 99 8%% SALE TO LIST PRICE 88.7% 91.1% 3%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 2,591 342 8 1,799 381 5$250,000 - $500,000 882 72 12 706 91 8$500,000 - $750,000 153 15 10 178 20 9$750,000 - $1,000,000 70 0 N/A 72 7 10$1,000,000 - $2,000,000 40 1 40 39 3 13$2,000,000 - $5,000,000 7 0 N/A 13 0 N/A$5,000,000 and up 0 0 N/A 0 0 N/AMarket Total 3,743 430 9 2,807 502 6*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSalePrice$240,522 $284,748 $292,064 $299,988 $288,473 $240,757 $201,329 $213,170 $199,162 $195,407Days onMarket46 49 54 70 76 85 85 77 85 78% SalePrice toList Price97.6 97.6 97.6 96.3 96.2 94.8 95.0 94.9 94.4 95.2050010001500200025003000$0$50,000$100,000$150,000$200,000$250,000$300,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  8. 8. Newport Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 32 19 -41%AVERAGE SALE PRICE $479,484 $282,500 -41%MEDIAN SALE PRICE $355,000 $500,000 41%AVERAGE DOM 192 129 -33%% SALE TO LIST PRICE 80.9% 86.2% 7%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 47 11 4 56 8 7$250,000 - $500,000 164 17 10 105 23 5$500,000 - $750,000 59 7 8 62 5 12$750,000 - $1,000,000 35 3 12 33 1 33$1,000,000 - $2,000,000 57 4 14 51 6 9$2,000,000 - $5,000,000 53 0 N/A 30 0 N/A$5,000,000 and up 18 0 N/A 17 0 N/AMarket Total 433 42 10 354 43 8*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$487,683 $702,122 $716,878 $703,720 $724090 $648,709 $566,218 $658,372 $570,117 $835,059Days onMarket96 105 101 123 113 143 143 133 160 162% SalePrice toList Price92.4 93.0 92.6 93.8 92.9 90.2 84.7 88.9 91.0 94.5050100150200250300$0$100,000$200,000$300,000$400,000$500,000$600,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  9. 9. Narragansett Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 43 37 -14%AVERAGE SALE PRICE $417,923 $434,597 4%MEDIAN SALE PRICE $355,000 $350,000 1%AVERAGE DOM 130 142 9%% SALE TO LIST PRICE 87.3.% 86.8% -.6%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 53 8 7 39 9 4$250,000 - $500,000 274 32 9 191 22 9$500,000 - $750,000 120 9 13 56 8 7$750,000 - $1,000,000 34 2 17 27 0 N/A$1,000,000 - $2,000,000 58 2 29 41 3 14$2,000,000 - $5,000,000 50 0 N/A 37 3 12$5,000,000 and up 6 0 N/A 4 0 N/AMarket Total 595 53 11 395 45 9*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$450,507 $504,075 $578,643 $574,506 $491,788 $533,271 $391,910 $533,508 $477,349 $529,761Days onMarket82 71 79 114 123 125 124 135 139 141% SalePrice toList Price93.5 95.4 95.4 92.2 93.1 91.3 92.3 92.2 91.0 88.2050100150200250300$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  10. 10. East Side of Providence Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 19 22 16%AVERAGE SALE PRICE $456,403 $527,841 16%MEDIAN SALE PRICE $312,000 $430,000 38%AVERAGE DOM 132 84 -36%% SALE TO LIST PRICE 85.4% 88.1% 3%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 48 8 6 30 4 8$250,000 - $500,000 92 18 5 81 14 6$500,000 - $750,000 76 11 7 62 12 5$750,000 - $1,000,000 40 4 10 35 12 3$1,000,000 - $2,000,000 35 3 12 24 3 8$2,000,000 - $5,000,000 9 0 N/A 3 0 N/A$5,000,000 and up 3 0 N/A 1 0 N/AMarket Total 303 44 7 236 45 5*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$453,980 $540,210 $578,834 $600,197 $575,976 $592,702 $506,981 $507,147 $480,436 $521,866Days onMarket63 57 64 70 67 83 82 79 85 102% SalePrice toList Price95.9 94.4 95.6 95.3 94.5 95.5 93.5 94.5 94.1 93.4050100150200250$0.00$100,000.00$200,000.00$300,000.00$400,000.00$500,000.00$600,000.002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  11. 11. Jamestown Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 12 8 -33%AVERAGE SALE PRICE $549,325 $542,826 -1%MEDIAN SALE PRICE $430,000 $499,500 16%AVERAGE DOM 216 111 -49%% SALE TO LIST PRICE 79.2% 90.1% 14%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 7 1 7 0 0 N/A$250,000 - $500,000 55 7 8 67 8 8$500,000 - $750,000 41 4 10 29 5 6$750,000 - $1,000,000 34 3 11 35 2 18$1,000,000 - $2,000,000 34 2 17 20 3 7$2,000,000 - $5,000,000 41 0 N/A 51 1 51$5,000,000 and up 12 0 N/A 12 0 N/AMarket Total 224 17 13 214 19 11*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$547,260 $600,400 $844,450 $820,028 $1,051,125 $1,114,325 $863,452 $751,075 $733,908 $669,222Days onMarket74 110 109 126 140 125 159 148 196 197% SalePrice toList Price93.4 94.0 94.0 92.9 92.8 94.2 91.9 92.0 91.3 91.801020304050607080$0.00$100,000.00$200,000.00$300,000.00$400,000.00$500,000.00$600,000.00$700,000.00$800,000.00$900,000.002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  12. 12. Westerly Single-Family Homes – Q1 2012 v Q1 2013OVERVIEW % CHANGEQ1 2012 Q1 2013HOMES SOLD 40 37 -8%AVERAGE SALE PRICE $642,212 $296,236 -53%MEDIAN SALE PRICE $282,500 $212,500 -25%AVERAGE DOM 123 126 2%% SALE TO LIST PRICE 83.3% 86.4% 4%SUPPLY/DEMAND SNAPSHOTQ1 2012 Q1 2013SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings$0 - $250,000 195 14 14 118 20 6$250,000 - $500,000 337 22 15 287 19 15$500,000 - $750,000 56 1 56 80 3 27$750,000 - $1,000,000 61 0 N/A 41 0 N/A$1,000,000 - $2,000,000 64 3 21 77 2 39$2,000,000 - $5,000,000 42 2 21 42 3 14$5,000,000 and up 18 0 N/A 21 0 N/AMarket Total 773 42 18 666 47 14*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low DemandTen Year Market History2003 2004 2005 2006 2007 2008 2009 2010 2011 2012AverageSale Price$361,890 $422,991 $480,102 $580,597 $543,149 $511,132 $422,925 $391,002 $468,075 $584,259Days onMarket61 69 93 109 124 128 134 124 120 147% SalePrice toList Price94.7 93.7 93.1 92.3 91.4 91.9 89.1 88.7 88.8 91.4050100150200250300$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,0002003 2004 2005 2006 2007 2008 2009 2010 2011 2012Median Sale Price# Of Homes SoldThis representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not inany way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information fromStatewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

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