Charlestown RI Real Estate Market October 2015
The Charlestown RI real estate market this October has no change in home selling over the prior month with home sales being the same. As you look back at the home sales in Charlestown for the first ten months of 2015 as compared to the same time period in 2014, it shows an increase in home sales up by 10%. Home sold values have increased by 3% over 2014, over the same months, as more lower priced Charlestown homes sold and were available for sale this year for home buyers.
Home buyers need to be ready, willing and able to buy on homes especially in the under $400,000 range. This Charlestown RI real estate market update is provided by Ginny Lacey Gorman of RI coastal real estate.
Furthermore, home buyers have indicated they want well priced homes that need little updating. There are five factors that will sell your home in the best manner so understand them. Ensuring that you price and stage your home properly is certainly key.
Ensure you work with a real estate professional who knows the real estate area well that you are buying into. When 
you have the Atlantic Ocean at many oceanfront doorsteps, home prices can be in the higher range. This month shows 3 homes on the ocean sell for over $1 million.
This is a mixture of a waterfront and rural community living depending upon your location desire for Charlestown RI homes. It is wonderful to be able to have that choice in this RI town.
Charlestown RI homes sold for the month of October are equal to the prior month.
Three $1 million+ homes sold this month, the over $1 million homes sold so far in 2015 are one more sold as compared to the number sold in 2014. As they say, oceanfront and waterfront are always in high demand. It will be interesting to see if the rest of 2015 follows this trend. Consider buying now for yourself or for generations to come and buying as an extended family. It is a great way to spend family time together by the coast.
Home buyers are actively seeking good property values and lower priced affordable homes with the town’s lower real estate taxes. This makes Charlestown a highly desirable community to buy into.
What does this town offer home buyers? It is closer to Connecticut, to a wonderful ocean area retreat and offers oceanfront residences as well as country homes. It is the stunning coastline, quiet neighborhoods, beach side homes and serene landscapes that draw home buyers to this Charlestown location. Here is the Charlestown October 2015 home sales update for the month, as follows:
- Properties active and on the market: 92 ( 5% fewer homes than prior month)
- Single-family properties closed: 15 ( same as prior month)
- Average sales price: $651,000
- Median sales price: $395,000
- Sales price to list price ratio: 94% (96% last month)
- Average days on the market: 84 (7 days more than the prior month)
- Sales currently pending: 12 ( 33% less than prior month)
- Highest priced home this month was $2.6 million on the ocean
So the home sales are up by 10% through October 2015 y-t-d over y-t-d January-October 2014 here. Charlestown home sold prices are up by 3% over the same time period. There were 13 waterfront over $1 million homes sold so far in 2015 which is up over 2014. The stunning Charlestown oceanfront and coastal luxury homes are still a great draw for home buyers.
Charlestown RI Real Estate Market October 2015
Charlestown’s home absorption rate has returned to a balanced market.
- 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 market.
- Breakdown of the 15 Charlestown RI home sales is as follows for the month: 5 homes sold under $300,000, 4 homes sold between $300,000-$400,000, 3 homes sold over $400,000 but less than a million dollars and 3 homes sold for over $1 million.
From coastal Charlestown homes to the rural country homes. You are never far from the ocean and the Rhode Island beaches here. It is a great time to buy in the Quonnie neighborhood too if you are looking at beachy Charlestown homes for sale.
Here are some of the most current Charlestown homes for sale $500,000 and under:
Charlestown RI Real Estate Market October 2015
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Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard. When you are in need of a Charlestown real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 or email me at ginny@RiHouseHunt.com today.
