Market Conditions for Johnston, 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: 3 1 2 3 4 5 Falling Rising

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

Number of homes on the market: 117, up from 113 last month. Average list asking price: $219,804, down from $212,355 last month. Average days on market of homes for sale: 91, down from 101 last month.

Number of homes under contract: 63, up from 59 last month. Average list price of homes under contract: $146,825, down from $149,633 last month. Average days on market of homes under contract: 107, up from 102 last month.

Number of homes closed sale: 16, down from 22 last month. Average selling price: $140,301, up from $121,410 last month. Average days on market of sold homes: 16, down from 58 last month.

ZIP Code: 02919

Approximate Location Boundaries: north: Smithfield; east: Providence; west: Foster; south: Cranston

Location Characteristics: Originally a part of Providence, Johnston became a separate town and was incorporated in 1759. It was named in honor of Augustus Lucas Johnston, of Newport, Attorney General of Rhode Island from 1758 to 1766. He owned much of the land in this area. The first settler was Thomas Clemence who built a house circa 1680, which still stands at 38 George Waterman Road, and is known as the Clemence-Irons House. A soapstone quarry, used earlier by the Indians, and a granite quarry were worked by the early settlers. A cotton mill was built in 1835, and a dyestuffs factory was established about 1870. A major industrial development was the founding of a hosiery company in 1884 which employed more than 100 people. However, throughout its early history, until the middle of the 19th century, Johnston was primarily a farming community. Now the importance of farming has been replaced by the manufacture of jewelry and silverware, fabricated metals, and retail trade establishments. Today, while a few colonial farm houses dot the landscape, Johnston has mainly given way to suburban development.
Municipal Tax Rates
Municipality
Johnston

Tax Year
2007-2008

Residential Property Tax Rate
18.9100

Assessed Percentage of Full Value
100

Base Year
2006

Commercial Real Estate
18.9100

Motor Vehicle
41.4600

Retail Wholesale Inventory
3.4700

Business Personal Property
56.0000

All rates are per $1,000 of assessment

Source: R.I. Department of Administration, Office of Municipal Affairs

View table of municipal tax rates for 2007-2008

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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