Market Conditions for Cumberland, Rhode Island Reported by Steve Gillikin, REALTOR, GRI, CRS, CRP, ABR and E-Pro Updated May 8, 2012.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

Cumberland Single Family Monthly Real Estate Sales Report for the month of April 2012:

Number of homes on the market: 164, up from 153 last month. Average list asking price: $341,223, up from $334,224 last month. Average days on market: 141, down from 162 last month.

Number of homes under contract: 68, up from 62 last month. Average list price of homes under contract: $233,251, down from $241,879 last month. Average days on market of homes under contract: 138, down from 140 last month.

Number of homes closed sales: 26, down from 33 last month. Average selling price: $272,521, up from $224,352 last month. Average days on market of sold homes: 94, up from 78 last month.

ZIP Code: 02864

Approximate Location Boundaries: north: Massachusetts border; east: Massachusetts border; west: Woonsocket; south: Lincoln

Location Characteristics: The town of Cumberland was one of five towns received from Massachusetts by Royal Decree. The town was known as Attleboro Gore until 1746, when it was incorporated in Rhode Island as the town of Cumberland. Cumberland was named in honor of William, the Duke of Cumberland. Cumberland's early industrial growth centered around the abundant water power of the Blackstone and Abbott Run Rivers. Minerals such as iron and copper were once mined in Cumberland. The town was once known as the mineral deposit of New England because of the extensive mineral deposits within its border. Several shafts — more than 100 years old — are still visible, but mineral deposits are no longer commercially mined. Today, manufacturing and retail trade are the largest sources of income in Cumberland. The continued industrial and commercial growth has contributed greatly to Cumberland's tax base. The town still retains its early rural charm even with the steady growth in industry, commerce and population. Cumberland's country atmosphere, convenient location and continued growth make this town an excellent choice for residence and business interests.

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I am a licensed Broker in RI & MA. I've been a professional Realtor for going on 30 years. I've sold well over 1,200 properties during my career.

I am a Graduate of the Realtor Institute. There are only 485 out of close to 4,800 licensed agents and brokers in RI who earned the GRI designation. I am a Certified Residential Specialist. There are 123 agents who have earned their CRS designation. I am a Certified Relocation Professional. There are only a few who have taken the courses to obtain this CRP designation. I am an Accredited Buyers Representative. There are only 115 that have the ABR designation. I have also obtained a E-Pro designation. There are 72 E-Pros in RI. I am one of 5 to hold 4 of these and the only one to be certified in 5 areas. This shows achievements in using a higher level of technology to serve my buyer and seller clients. Finally, I specialize in distressed property sales, both short sales and REOs. I've sold over 150 of these hardship case properties over the past 3 years.

All of these designations are recognized by the National Association of Realtors.

I can help you in all aspects of real estate in RI and nearby Mass., whether selling, buying, building or investing.

Please call me or e mail me to answer any questions you may have. Thank you... Steve Gillikin