Charlestown Rhode Island Real Estate Market Update

Charlestown Rhode Island Real Estate Market Update

  

 

We are heading towards Labor Day and the official end of summer season in Charlestown RI.  Vacationers and summer homeowners are still enjoying the wonderful Charlestown ocean front vistas and beaches.  The updated Charlestown Rhode Island real estate market information for July 2012 is as follows:

 

13 Charlestown RI homes have been sold in July 2012: 

    2 homes sold for over $1 million

        1 home sold for over $400,000

        2 homes sold between$300,000- $400,000

         8 homes sold less than $300,000

There were 107 Charlestown RI homes for sale in July.

 

Home sales are equal to June and the number of homes for sale decreased by 1%.

Again this month the strongest Charlestown home sale market is under $300,000.

Average Home Sale Price in July  2012 was $430,723,  homes sold on average for 94% of list price  and were on the real estate market for 125 days until sold.  Homes sold this month took twice as long as the previous month.

 

Median Home Sale Price in July 2012 was $270,000, median price of homes sold was 95% of list price and the median number of days on the market until sold was 80.  It remains a buyers market.

Charlestown RI continues to have a good supply of homes for sale.  Yet the oceanfront and ocean view Charlestown RI homes for sale which are a large part of this real estate market popped a bit this month.  Nearly 21% of the Charlestown homes for sale are $1 million and over.

 

There were no Charlestown short sales that closed this month.

 

25 Charlestown RI pending home sales  await closing in July. Pending sales are up by 4%.  This is a good steady flow of homes awaiting closing.

Come see and explore the uniqueness of this RI oceanfront town.  Charlestown Rhode Island Real Estate Market Update.

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Ginny Lacey Gorman is your go to Charlestown RI real estate agent for real estate in Charlestown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.

 Waterfront, oceanfront, luxury and coastal Rhode Island real estate are her specialty but all of RI is her backyard.   When you are in need of a good professional for your buying and selling needs and an internet savvy marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849