What are the 3 Hottest Selling Price Ranges in Rhode Island?

What are the 3 Hottest Selling Price Ranges in Rhode Island?

By Rhode Island Realtor Emilio DiSpirito

Year to date, we have sold over 1/2 Billion Dollars in single family real estate here in Rhode Island. With roughly 1700 single family homes sold through March 2016!

With that said, the major question on everyone's mind is.. what price range is selling best? Should I jump into the market now where I have virtually zero competition and sell my home for the highest possible price right now?

Rhode Island Real Estate News - What are the 3 best selling price ranges in RI? 

Coming In at:

1. Single Families priced between $200,000 and $249,999 make up the largest % of the market at 17% of overall transactions!! About 300 transactions through March out of all the transactions in RI. Thus meaning, if your home has a fair market value of $199,900... you may want to inch it up to $200,000 to take advantage of the largest market in Rhode Island. 
2. Homes priced between $300,000 and $399,999! With approx 250 sales in total in the ocean state through march! This higher end price range takes a commanding lead of 14.40% of the entire market share. 
3. Single Family homes priced between $250,000 & $299,900 take the bronze medal at 12.5% of real estate pricing market share in Rhode Island with about 225 sales through March 2016. 

Honorable mentions:

• $180,000 to $199,999 price point with 10.19% and 175 sales through March 2016
• $160,000 to $179,999 with 7.76% of the entire market and 135 units sold. 
• $500,000 to $749,999 with 5.69% of entire market with 100 units sold

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