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By the way if anyone hasn't noticed, Providence East Side real estate from $300 - $600,000 is on fire this Spring. Houses in updated condition are not lasting more than a week on the market and selling at or above asking. There is sparse inventory with multiple buyers chasing the few new listings when they're posted. There hasn't been this kind of Seller's Market in years. And, strangely the craziness seems to only be on the East Side, with a more typical Spring situation elsewhere in RI.
Does seem more typical in Pawtuxet / Edgewood. Lower inventory than last year, but fewer sales too, so seems to balance out to no real change in prices (to the extent you can judge from so few transactions).
The East Side action must be people trying to grab a place close to new the baseball stadium while they still can...
Yes, finally. I think EP has been underrated- probably due in part to the town's council's willingness to accept heavy industry- now much of that including tank farms will be gone.
PS I responded to the above post without realizing that this should be moved into a separate posting, i.e. East Providence is NOT the East side of Providence.
Last edited by Hollytree; 05-09-2015 at 02:49 PM..
PS I responded to the above post without realizing that this should be moved into a separate posting, i.e. East Providence is NOT the East side of Providence.
I was wondering that but looked at the title and see it said East Side and left Providence out. Moving it to another location would be cool. Some positive light on our state is needed.
I was wondering that but looked at the title and see it said East Side and left Providence out. Moving it to another location would be cool. Some positive light on our state is needed.
In real estate terms, the East Side is neither East Providence or Providence. It is an entirely different market from either.
Heh, maybe the market is on fire: a house just down the block from me sat as a pre-forclosure, listed at 250,000 for a long time, most of 2013 and 2014. That was very high given the poor condition of the interior. Finally sold at auction for 200k last month.
It was just listed at... 275,000! The new owners have not done a thing, as in the grass has not even been mowed in the six weeks they've owned it. Maybe they'll do that before it completely covers the 'for sale' sign....
Anyway, if you can really make a 75k profit in two months now, I'd say the market is back!
Heh, maybe the market is on fire: a house just down the block from me sat as a pre-forclosure, listed at 250,000 for a long time, most of 2013 and 2014. That was very high given the poor condition of the interior. Finally sold at auction for 200k last month.
It was just listed at... 275,000! The new owners have not done a thing, as in the grass has not even been mowed in the six weeks they've owned it. Maybe they'll do that before it completely covers the 'for sale' sign....
Anyway, if you can really make a 75k profit in two months now, I'd say the market is back!
IF being the operative word. They could have listed it for 1.5 million. Doesn't mean they'll get it. Keep an eye out and see the actual sale price.
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