Kerry Park


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Market Trends

R.I. Median Home Price Rises for 43rd Consecutive Month in August

Warwick, R.I. – September 16, 2020 – The Rhode Island Association of Realtors reported a double-digit increase in the median sales price of single-family homes in August, marking the 43rd consecutive month in which the median price of monthly sales rose or stayed the same from the previous year. At $333,164, the median price in …

News

Compliance critical at open houses – know the rules

Please be advised, the State of Rhode Island is currently performing random spot audits of open houses to ensure they are being held in compliance with the Rhode Island Phase III Guidelines. THOSE WHO DO NOT COMPLY ARE IN VIOLATION OF STATE LAW AND CAN BE FINED AND/OR NAMED PUBLICLY as other businesses have been.  …

Market Trends

Median price of R.I. single-family homes tops $300K in the second quarter

Warwick, RI – August 12, 2020 – Today, the Rhode Island Association of Realtors released second-quarter sales data from its subsidiary, State-Wide Multiple Listing Service.  While property sales were down considerably given the statewide shutdown during the second quarter, the median price of closed sales continued to rise. At $303,750, the median price of single-family homes topped …

News

COVID-19 MA Travel Restrictions for Rhode Islanders

August 11, 2020 – With the recent spikes in COVID-19 in Rhode Island, what does that mean for REALTORS®, appraisers, and customers and clients who want to cross state lines to Massachusetts for showings, closings and other activities? The State of Massachusetts requires anyone who enters the state from Rhode Island or other states with …

News

Legal Tip: Dueling Escalation Addenda

The RIAR Escalation Addendum is a tool that lets a buyer increase his/her offer by a set amount to try to outbid other buyers in a multiple offer situation.  But how does it work if multiple buyers competing for the same property decide to use an Escalation Addendum?  Grab some coffee and read the following …

News

Deadline for Third-quarter Realtor Foundation: RI Grants is August 15th

The REALTOR® Foundation: Rhode Island offers quarterly grants of up to $5000 to non-profit organizations that provide financial and other forms of assistance to Rhode Islanders affected by a personal or natural disaster. The deadline for the third quarter application cycle is August 15th at 5 pm. Since its inception, the Foundation has provided more …

Market Trends

Pandemic impact on sales diminishing in R.I.’s housing market

Warwick, R.I. — July 15,2020 — While Rhode Island’s single-family home sales dropped 14.6 percent year-over-year in June, the decline was a significant improvement to the prior month when sales fell by more than 30 percent compared to 12 months earlier.  A review of month-to-month sales data from the Rhode Island Association of REALTORS also portrayed …

News

REALTOR Foundation: RI Helps Four Non-Profits This Spring

Thanks to the generosity of all those who gave so generously during its recent Matching Grant campaign, the REALTOR® Foundation: RI was able to provide more than $20,000 in funding to the Rhode Island Foundation and Family Service of RI. The two non-profit organizations will use the funds to assist their COVID-10 relief initiatives. On …

News

Mandatory Home Inspector Licensing July 1, 2020

Is “your” home inspector licensed? Starting on July 1, 2020, anyone who conducts a home inspection for a home or other residential property located in Rhode Island must be licensed as a home inspector or associate home inspector in Rhode Island. This includes home inspectors who are already licensed in other states like Massachusetts or …

News

Introducing HomeVisit – A Better Way to Market Your Listings

    HomeVisit by CoreLogic is now available in Matrix and Realist! We are pleased to announce that HomeVisit is now available through Matrix! With a single click, you can order and upload property imagery and market your listings directly from your Matrix workflow. Transform your tours and print marketing with stunning photographs captured at …