PROVIDENCE – January single-family home sales were the highest on record in the Ocean State, The Warren Group said Tuesday. Single-family home sales in Rhode Island rose 25.4 percent over the year in January to 692 from 552 in January 2016. January also marked the 21st consecutive month of year-over-year sales growth, The Warren Group said. The second highest total occurred in 2002 when home sales reached 668. Providence County led sales with 345 in January, a 26.4 percent increase over the year, followed by Kent County with 167 sales, a 38 percent increase; Washington County with 91 sales, a 21.3 percent increase; and Newport County with 60 sales, a 25 percent increase. Bristol County was the only county to have a decrease in sales over the year, to 29, a 17 percent decline. The median sale price of a single-family home in Rhode Island climbed to $219,000 in January, compared with $218,600 in the same time last year, an increase of 0.2 percent. This also marks the 15th consecutive month of growth in year-over-year median sale prices. “January’s gain in single-family home sales continues a two-year run of robust sales,” Timothy Warren, CEO of The Warren Group, said in a statement. “What is surprising is that increases in median price have been very modest in this period. January’s median price of $219,000 is 19 percent below the median in January 2007.” Condominium sales rose nearly 31 percent in January to 127 sales from 97 in January 2016. This marks the 13th consecutive month of positive year-over-year sales growth, The Warren Group said. Providence County led condo sales over the year in January with 76, a 76.7 percent increase; Bristol County had two condo sales in January, a 100 percent increase. The other three counties, Kent, Newport and Washington, all experienced year-over-year declines, of 4.3 percent, 12.5 percent and 7.1 percent, respectively. In January, Kent had 22 condo sales, Newport had 14 condo sales and Washington had 13 condo sales. Condo prices in January fell statewide by 2.3 percent, with a median selling price of $170,000 compared with $174,000 in January 2016. This marks the first negative year-over-year median sale price in seven consecutive months, The Warren Group said. http://www.pbn.com/RI-January-home-sales-reach-record,120872
With prime access to regional and national transportation and exceptional coastal amenities, City Centre Warwick offers a development opportunity that you won't find anywhere else. The site embraces 95 acres built in and around Green Airport, Warwick Rail Station, InterLink and Interstate Routes 95 and 295. Embedded within a sustainable walking community will be a dense, mix-use of commercial, office, hospitality and residential space. Offering something for everyone, City Centre Warwick creates an urban experience that is active, affordable and attractive to business development, employers and residents alike.
With a cohesive identity on a local, regional and national level, City Centre Warwick and Rhode Island will attract complementary public and private investment, increasing consumer usage of transit amenities, while making the state more economically competitive in a compact Northeast market. The ultimate goal is to create a diverse, pedestrian-friendly, sustainable, mixed use community, that offers quality jobs and sustainable business growth opportunities for all Rhode Islanders.
The vision and goal of City Centre Warwick is to revitalize and redefine the approximately 95 acres of land which comprises the district. We strive to create an attractive neighborhood center with vibrant public spaces that will serve as an engine of economic growth and vitality in the region.
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