The Rhode Island Department of Transportation (RIDOT) and City of Providence Department of Planning and Development are hosting a follow-up meeting regarding street design details for the new street connections being built on both sides of the Providence River as part of the I-195 relocation project.
Changes to street design based on community feedback will be presented, including new alternatives for the Wickenden Street / Point Street / South Main/ South Water intersection.
When I first opened up my company in 1981, people would ask me where I worked and I would say “Residential Properties”…almost as a question, since almost no one knew who we were. Today, I am proud to say that the RPL Chevron is a very recognizable symbol in Rhode Island and surrounding communities in neighboring states.
The real estate industry today bears little resemblance to the way we did business back then. The internet has changed everything. According to the 2009 National Association of Realtors® Profile of Home Buyers and Sellers, 90% of respondents used the Internet at some point, seven years ago only 41% of buyers used the internet. When asked where they found the home that they ultimately bought, 36% of buyers found the home on the Internet; another 36% learned of that home from a real estate agent. In 2001 48% of the people found their home through an agent and only 8% of the people found their ultimate home from the internet.
It is not always what happens, but how you react that determines your success. I am proud of the amount and quality of information we provide regardingRhode Island Real Estate. With more and more information on the web, more people are turning to a professional for help sorting through all of it.
And how do people choose their agents? They look for someone with a great online presence who has knowledge of the process and the market. That’s the lesson to be learned from NAR’s annual profile of buyers and sellers.
The most effective methods to bring buyers and sellers together are the Internet, working with an agent (who learns about properties through the MLS), and signs. 84% of buyers learned about their home through one of these sources. If you want to sell your home, look for an agent with a great reputation, whose company has a great web presence and good market share.
At the end of each year, most companies like to reflect on what happened during the past twelve months. We do the same. So, when we compiled all the numbers, we had a pleasant outcome staring at us on the computer screen.
Here’s what made us happy. For the single family housing market over $500,000, Residential Properties Ltd. was the number one agency in the entire state of RI with a market share of 19.26%. That means we did better than all the national chains and their franchises in the area, you know who they are. And that includes the luxury market of over $2 million and up.
But even more surprising to us was the ranking of each office separately. That is, we broke down the sales of all companies who are participating in the RI market to the individual offices, such as our Barrington, Cumberland, East Greenwich, Narragansett, and Providence Real Estate offices. Here, we looked at sale prices of $200,000 or more, and our Providence office had the most transactions statewide.
That’s pretty good for an independent company.
However, the important image to us is not in the numbers. It is that of the buyers and sellers who worked with us over the year. We are grateful to all the individuals and families who put their trust in our agents to work for them.
As you may already know, we hold a seasonal photo contest where our agents and staff grab their cameras and unleash their creativity! The winning photos are always displayed on the home page slide show. This year we had our first ever tie!
Winning Photos – Nancy Weaver: Photo – Tyler Point Barrington, RI and Holly Applegate: Photo – John Jenckes House, Benefit Street Providence
Dunmere Gate and Cottage are landmarks in Narragansett along beautiful Ocean Road. The cottage sits high on a granite outcropping overlooking the Atlantic Ocean. I recently had the pleasure of filming this exquisite property and thought I’d share some of the stunning views.
The Rhode Island Department of Transportation (RIDOT) and City of Providence Department of Planning and Development are hosting a follow-up meeting regarding street design details for the new street connections being built on both sides of the Providence River as part of the I-195 relocation project.
