Charlestown RI Home Sales June 2013 Update
Charlestown RI home sales June 2013 update provided by Ginny Lacey Gorman of RI waterfront real estate.
The Charlestown homes for sale real estate market has been a slower moving market this year for this oceanfront community. Nestled in the southern part of Rhode Island this town offers hideaway, beachfront and rural homes for the discriminating buyer. Here is the June update, as follows:
- Properties active and on the market: 131
- Single-family properties closed in June: 8 ( up by 2 since last month)
- Average sales price: $ 417,857 (down by 8% over last month)
- Median sales price: $ 294,900 (3% increase over last month)
- Sales price to list price ratio: 95% (2% increase over prior month)
- Average days on the market: 187 (up 19% from last month)
- Sales currently pending: 16 (up by33% over last month)
Charlestown RI Home Sales June 2013 Update
- Charlestown’s home absorption rate is still in the double digits of home supply (16 months of homes) which remains a buyers market. An 9% increase in home inventory occurred in June. Charlestown homes $1 million and over account for 15% of the homes for sale now which is a big decrease from prior months.
- Home inventory increased by 11 homes in June, pending sales increased by 4 homes and Charlestown RI home sales increased by 2 homes over May.
- Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the current real estate market. Charlestown has 50% of homes for sale over $400,000.
- Breakdown of the 8 Charlestown RI home sales is as follows for the month of June: 5 homes sold under $300,000, 1 home sold between $300,000-$400,000 and 2 homes sold over $400,000. Charlestown RI homes sales June 2013 still indicates that the best value for location, taxes and low key living is the under $300,000 home market here.
Charlestown RI home sales this year in June 2013 home sales are down by 5 homes over June 2012.
Actually 2013 home sales through July stand at 55 home sales compared to 83 sold through July 2012. This is a 31% decrease in Charlestown home sales in 2013 over last year. However, home sale prices rose by 14%! Are there deals to be made…perhaps. Are sellers standing firmer on their home prices this year? Perhaps. You do not know until you work with a real estate agent who represents your interests in making the right price offer!
There is no doubt that homes here are desirable to buyers in all price ranges. From coastal Charlestown homes to the rural country homes. You are never far from the ocean here. It is a great time to buy in the Quonnie area too if you are looking at true waterfront and walk to water Charlestown homes for sale.
Search for Charlestown RI homes for sale here.
Looking for a Charlestown RI waterfront real estate agent ? Ginny Lacey Gorman knows her Charlestown RI waterfront real estate market.
I would love the opportunity to help you in your search or sale. Knowing current FEMA flood map changes, building construction needs in coastal areas and staying abreast of waterfront septic changes is part of my skills set.
Contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com. Let’s discuss your home needs and see how I may help you reach them. Charlestown RI Home Sales June 2013 Update.
View Charlestown RI 02813 in a larger map
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