Weekly Update                                              REMAX 1st CHOICE
Issue #121                                                     September 20, 2011


   WeLoveLofts.com    

 

To my Loyal Loft Loving Friends and Clients,   
  
Writing this little article every week seems like such a task. I don't know how people do this for a living! The kicker is that last week, 218 individuals opened the email and every week someone reads it and wants to work on finding or selling a home.

 

According to the RI Association of Realtors, home sales were up 22.3 percent in August from last year. I've copied a blurb and provided a link to the full article below. I helped 5 client(s) close on the purchase of new homes and 3 client(s) close on the sale of their homes last month (personal best). Every one of the buyers had found me through the WeLoveLofts web site, with one couple being from South Dakota and another couple from NYC. Talk about the power of the internet. 

 

The lease for the LOFT in Monohasset Mills is signed.  The rental in Corliss Landing is still available (surprisingly) and I now have a new rental listing in Bayley Lofts.  I'm available for showings, so give me a call.

 

I just listed a new loft, Unit 303 in Mile Square Lofts.  This unit has an amazing grouping of windows that face North and West and is currently divided into two bedrooms.  The unit is filled with the owner's belongings, so I will show some pictures of when it was empty below.  Several of you have expressed interest in a 2000 SqFt open Loft with brick walls, high ceilings, and hardwood floors in the $150K price range, so call immediately, this is your baby!!.  This Loft is a short sale and is listed for $169,000.

 

We also listed Unit 5I in the Doran Building at 150 Chestnut St in the Jewelry District for $389K.  This loft is 3720 SqFt of crazy downtown potential.  The space is currently being used as commercial rental, but with a little work it could be the loft dreams are made of. 

 

A couple of weeks ago, I mentioned that New Urban Arts was holding a silent auction in Trump Tower.  We donated two of my sister's paintings and they both sold for a total of $1700 that will be donated directly to the Jeanne Risica Fund for Art Education.  Our heartfelt gratitude goes out to all that participated in the event.

 

Lastly, I've added another site to our list of Friends and Family.  Jennifer Skaife is a designer, artist and writer that is considering moving to the Providence area.  See her work below. 

 

Please call me when you are ready to start looking for a Loft or other type of home.  It is a gift to be able to help clients find homes that they love.

 
John 

 

  

 

 

 

Home Sales Up in August

Link to Realtor Article

A look at August home sales shows an increase of single family home sales of 22.3 percent from last year and an increase in pending sales - those under contract but not yet closed- of 8.4 percent.  The number of homes on the market also decreased since August 2010, down 6.3 percent according to data released today by the Rhode Island Association of Realtors.  The numbers reflect an uptick in sales and rebalancing of supply and demand since the expiration of the federal tax credit in June of 2010.  Sales fell dramatically in July, 2010, following the expiration of the tax credit incentive. 

 

In contrast however, the median price of single family home sales fell 6.9 percent to $205,000 from August, 2010.  Despite the decrease from last summer, the single family median price has increased since the beginning of this year when it was $198,250.  The increase in price has not traveled a steady path however. The single family median price has gone up and down, showing gains some months and losses in others.  

 

28 Bayley St Unit 401 - For Rent - $1325 per month

 

This loft will be available in about two months.  Give me a call at 401-439-3634


   

 

    

555 South Main St Unit 304 - For Rent - $1325 per month

    

Monohassett Mills Unit 100 - RENTED

 

Sorry if you missed this one.  several others available.  Give me a call at 401-439-3634
 

404 Roosevelt Unit 303 - For Sale - $169,900

 


 

191 Grosvenor St (Kelvin's House)

 

1117 Douglas Ave For Sale or Rent

 

Our favorite blogs and websites
 

WeLoveLofts Blog

Providence Zen Center

 Kaikou School of Bonsai

Save The Pink Bathrooms

 Pat Paxson

Liliana Fijman

    Eva Polonkai

Wilson Harding Lawrence

Terry Rose

Tracy Silva Barbosa  

Matt Kierstead

 Erik Bright

Jeanne Risica Memorial Blog 

   New Urban Arts 

g-labdesign

Jennifer Skaife - mathdesigndog

Pilgrim Title

  

Weekly updates
   
PROV1 West Exchange2103$699,900ActiveSold for $645,000
PROV1 West Exchange2904$1,795,000ActiveExpired
PAWT10 Exchange Court605

$419,500

ActivePrice Changed to $398,500
PROV150 Chestnut St5I$389,000ActiveNew Listing
PROV18 Imperial Place3C$185,000ActiveNew Listing
WOON180 Allen St211$159,000ActiveNew Listing
ESID2 Pratt StA1$675,000ActivePrice Changed to $649,500
LINC2 School St211$233,000ActiveNeed to input
SMTH21 Higgins St104$127,100ActiveNew Listing
BURR265 Sayles Ave8$24,900ActivePending
PAWT300 Front Street416$169,900 ActivePending
BRIS345 Thames Street110N$1,350,000ActivePrice Changed to $1,295,000
NKNG40 Web Ave11$264,000ActiveNeed to input
NKNG40 Web Ave109$119,900ActivePrice Changed to $107,900
CFLS404 Roosevelt Ave405$299,000ActiveListed with a new agent, new pics
PROV755 Westminster St302$299,000ActivePrice Changed to $259,000
WOON99 Allen Street211$154,900ActiveLeased for $965/month
PROV3 Ship St103$698,000ActiveNeeds to be put up
Good luck in your search.  I am usually available to help you find the home that you dream about. 

Sincerely,

John Risica
In RI   401-439-3634
In MA 617-755-5564