Tiverton, Little Compton Real Estate Markets Struggle To Regain Traction
Year end data from the Rhode Island Association of Realtors shows Tiverton and Little Compton trailing state gains in the housing market.
While local real estate experts say the state's housing market is rebounding, Tiverton and Little Compton are trailing behind, according to reports from the Rhode Island Association of Realtors (RIAR). According to year end data published by RIAR, sale volume increased significantly in both communities, however each town also saw a drop in median price for single family homes and an increase in sales of distressed properties - both indicators of an unbalanced market. Statewide in 2012, the median price of all 2012 single family home sales fell slightly - 2.56 percent - from the prior year. Both Tiverton and Little Compton saw greater property value losses. In Tiverton, the median price of single family homes dropped 11.84 percent to $182…
Mike
1:56 pm on Thursday, March 7, 2013
I just read the comments on this page. Opinions aside, your example of a 2800 square foot house in Norwell, MA with a tax assessment of only $3100 is an anomaly. Looking at all homes that either sold or were on the market in Norwell, MA over the last three years, the average tax bill for a 2200 - 2600 sq. ft. home for 2009 - 2012 was over $7,000. Furthermore, Norwell voted to override Prop. 2 1/2… more ›