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Mt. Hope Real Estate
Energy & Real Estate . . . and Hurricanes.
In conversing with numerous people this week, what seems to be on everyone’s mind, what everyone seems to want to talk about, is real estate and energy prices, and of course hurricanes.
I wish the Providence Journal could get its act together and publish the complete list of recent sales in the Saturday Real Estate Section as they used to. I always enjoyed reading about the House of the Week and then scanning the listings of what houses sold in my neighborhood. Lately, they've been dropping the ball with the sales listings, doing kind of a sloppy job.
“Where is the housing market?”, people are asking, “How high will prices go?” “Is there a bubble; will the market collapse and prices fall” “Has the real estate market in Mt. Hope peaked; are prices as high as they are going to get?”
What about condos, I hear people wonder, how do you make condos in a multi-family?
What about the rental market, is the rental market flat on the East Side, I’ve been asked. I don’t know. I looked and saw many 2 bedroom units advertised for rents as high as $1200 to $1600. I do think that with all the renovations that have been done that there may be a greater number of more attractive units available now.
Selling prices are high right now as far as I know. I know a single family house on Camp Street near Locust sold for around $439,000 and we all heard about the “Holy Cow! & Wow!” houses further north on Camp that went for a combined $850,000.
A very nice single family near Cypress and Camp just went on the market in the high 3’s.
I see a lot of renovation on Camp Street, just past Cypress, at least 3 multi-families undergoing extensive renovations. I have no idea what those houses were sold for or what plans are in store for them.
I’ve heard conflicting rumors about the brick apartment building on Camp & Cypress: one rumor has it being converted to condos, the other has it going all Section 8.
I see lots of condos for sale. I don’t know much about the condo market, what are condo prices like, are the units moving?
Everyone complains about gas prices; just driving your car has become another major expense. Reports say that fuel prices will stay high affecting different segments of our economy but all of our pocketbooks.
For instance, I’ve heard scary news reports saying brace yourself for record high heating bills whether you heat with gas, oil, or electric.
I’ve also read reports about insurance costs rising for home owners as a result of the big hit insurers took during this hurricane season: even people far from hurricane country may get hit with a 2 to 3% increase in the cost of their policy.
Blame it all on Katrina and Rita, at least that's what we’re being led to believe,
Real estate has become a national fascination and everyone has a story: what’s yours?
John Twomey
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Thanks for the link Rich: the comments feature does not allow clickable links so here it is: http://www.newenglandmoves.com
Posted at September 24, 2005 05:06 PM
Here is a great site for checking out recent sales of property: http://www.newenglandmoves.com
They have a link for recent sales that will show you the asking price and then the selling price of the property for Mass and RI. Check it out!
Posted by: Rich at September 24, 2005 06:22 PM