Charlestown RI Home Sales Market July 2013
Charlestown RI home sales July 2013 update is provided by Ginny Lacey Gorman of RI waterfront real estate.
It is about the Ocean!
Home in Quonnie
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 July 2013 home sales update, as follows:
- Properties active and on the market: 134
- Single-family properties closed in July: 17 ( up by 9 since last month)
- Average sales price: $ 312,882 (down by 24% over last month)
- Median sales price: $ 289,000 (2% decrease over last month)
- Sales price to list price ratio: 94% (1% decrease over prior month)
- Average days on the market: 196 (up 5% from last month)
- Sales currently pending: 15 (down by 1 sale over last month)
Charlestown RI Home Sales July 2013 Update is showing a rebound in home sales.
- Charlestown’s home absorption rate has decreased to 8 months of homes which makes it still a buyers market. An 2% increase in home inventory occurred in July. Charlestown homes $1 million and over account for 13% of the homes for sale now.
- Home inventory increased by 3 homes in July, pending sales decreased by 1 home and Charlestown RI home closings increased dramatically by 9 homes over the prior month.
- 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 52% of homes for sale over $400,000.
- Breakdown of the 17 Charlestown RI home sales is as follows for the month of July: 10 homes sold under $300,000, 4 homes sold between $300,000-$400,000 and 3 homes sold over $400,000. Charlestown RI homes sales still indicate that the best value for location, taxes and coastal living is the under $300,000 home market here.
Charlestown RI home sales this year in July are up by 30% over July 2012.
Charlestown RI waterfront home
Actually 2013 home sales through July stand at 58 home sales compared to 83 sold through July 2012. This is a 30% decrease in Charlestown home sales in 2013 over last year. However, average home sale prices rose by 13%! 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 in July 2013 give the buyers and sellers the necessary home information to make wise real estate decisions.
View Charlestown RI 02813 in a larger map
Charlestown RI Home Sales Market July 2013
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