Patricia Berg Realty

Open House Today, May 31, from 4:00-6:00.

22 Warner Avenue - $595,000 MLS # 1359806 – Welcome to your charming retreat in the heart of Wakefield! This inviting three bedroom ranch offers the perfect blend of comfort and convenience and is steps away from downtown Wake...

Welcome to your charming retreat in the heart of Wakefield! This inviting three bedroom ranch offers the perfect blend of comfort and convenience and is steps away from downtown Wakefield amenities. Step inside to discover gleaming hardwood floors accentuated by vaulted ceilings, creating a spacious and airy atmosphere. The main floor boasts two bedrooms, a full bathroom, a well-appointed kitchen, and a living room with a sliding door leading to your private deck - ideal for morning coffee or evening relaxation. Venture downstairs to find a generous family room, an additional bedroom, convenient laundry facilities, and another full bathroom, all with walkout access to a private fenced backyard. Don't miss this opportunity to own a piece of Wakefield's vibrant community, where shops, restaurants, and entertainment are just a stroll away!

22 Warner Avenue - $595,000 MLS # 1359806 – Welcome to your charming retreat in the heart of Wakefield! This inviting three bedroom ranch offers the perfect blend of comfort and convenience and is steps away from downtown Wake...

If you want to add to your rental portfolio or want a family house with extra space, 182 has it all. Great location within walking distance to Peace Dale/Wakefield and a short driving distance to URI, Amtrak train station, and all that South Kingstown has to offer.
Please contact Patricia at (401)265-6835 for more information.

182 North Road - $679,000 MLS # 1344198 – Rare opportunity in South Kingstown! This two family house is centrally located within walking distance of Peace Dale, downtown Wakefield, and a short drive to URI and Amtrak train s...

If you are in the market for a house in South Kingstown, you need to see this one. Please call Patricia at (401)265-6835 for more details and showings

31 Samuel Rodman ST, South Kingstown, RI 02879 | $589,000 | 1524 Sq.ft | 3 Bedrooms | Virtual tour for Single Family property MLS #: 1341797. Enjoy the convenience of living close to Peace Dale/Wakefield. This three bedroom tri-level home is located on a dead-end street within a short driving distance of URI, the West Kingston train station, and the best beaches in Narragansett/South Kingstown. Upon entering the front door...

Congratulations to my clients on the purchase of this iconic property in Newport. "Quatrel " is the perfect home for their family and just in time to celebrate Christmas!
I appreciate their trust in getting the job done. If you have any questions or are looking into selling or buying a house, I will be here to assist you, Patricia Berg at (401)265-6835.

Happy Holidays to all!

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This is a nice property with a lot of potentials. Conveniently located on the board of South Kingstown and Narragansett, within walking distance to Main St. Call Patricia at (401)265-6835 and schedule your showing today!

91 Narragansett Avenue W - $599,000 MLS # 1309575 – Location, Location, Location! This Colonial is centrally located on the border of South Kingstown and Narragansett. It is connected to town water and sewer, and also offers the possi...

Question: How long have you been putting off purchasing a home?

Perhaps by now, you thought market conditions would have improved, making it easier to buy. Well, you wouldn’t be alone. There was a broad consensus in the real estate industry that home price growth would decelerate significantly this year. But just over two months into the new year, some of those same firms are walking back their 2022 forecasts. Zillow was forecasting that home price growth—which was up 18.8% between December 2020 and December 2021—would decelerate to 11% growth this year. Then last month, Zillow revised that rate up to 17.3%.

Zillow isn’t alone: Fannie Mae just became the latest real estate firm to shift up its 2022 forecast. Last year, Fannie Mae predicted that the median existing home price would climb 7.9% this year. Now, Fannie Mae says the median existing home price in 2022 will jump from $355,000 to $384,000. That would come out to an 11.2% year-over-year price jump.

Let’s look at what that means for you. Obviously, averages are going to vary depending on where you look in Rhode Island. Currently, the average home price in Providence County is listed at $327,000 whereas Washington County is listed at $549,900. So, for the purposes of this example, let’s use an average home price of $425,000. If we go by Fannie Mae’s 11.2% prediction, that same home may very soon be priced at $472,600. As a prospective buyer, you would therefore pay an additional $47,600 by waiting.

Additionally, interest rates have been in a recent state of flux – even more so than usual. A 30–year fixed mortgage is currently hovering at around 4%. Rapidly rising inflation and expectations that the Fed will continue to raise short-term interest rates means we could see a 3%–5% 10–Year Treasury by the end of 2023.

Since both variables are predicted to increase, you’ll most likely be paying substantially more per month by continuing to wait. Bottom line? When asking if you should buy a home, you may think of the non-financial benefits of homeownership. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.

What a unique take on the beautiful Beavertail Lighthouse! Photo Credit: Andy Thibault/Rhode Island Nature Lovers Group on Facebook

New to the market in South Kingstown. Call Patricia at ( 401)265-6835.

43 Tri Pond Court - $445,000 MLS # 1289228 – Welcome to this charming house on 43 Tri Pond Ct! Conveniently located in a cul de sac neighborhood close to Peace Dale/Wakefield and a short drive to URI. The property offers easy a...

Welcome Home for This Beautifully Renovated 4 Bedroom, 3 Bath.
This Home is A Must See!
Call Patricia at (401)265-6835 to Schedule a Showing.

62 Columbia Heights Oval Road - $459,000 MLS # 1285219 – This newly renovated 4 Bedroom, 3 bath colonial has been extensively updated. It features a bright easy flowing open layout on the first floor which includes a kitchen (with leathere...

New to the market and just in time for summer. Enjoy everything that Jamestown has to offer.
Call Patricia at (401)265-6835 and book your private showing.

29 Gondola Avenue - $879,000 MLS # 1283291 – Getaway to this charming home in Jamestown, a much sought-after destination in RI. This proudly well-maintained 3 bed, 3 bath home boasts a flowing layout with a master bedroom on th...