Charlestown RI Real Estate Market Report

Charlestown RI 02813 Real Estate Market Report – February 2012

Charlestown RI Real Estate Market Report- February 2012

 

13 Charlestown RI homes have been sold in February 2012:

 

1 waterfront Charlestown RI home sold for over $1 million

1 home sold for over $400,000

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

8 homes sold less than $300,000

 

There were 94 Charlestown RI homes for sale in February 2012 which another decrease in inventory.  This is the sixth month of a decline in real estate inventory in Charlestown RI (which is typical since many homes are withdrawn from the market for the winter months)..  Yet there were two more homes sold this month than the prior month.

Median Home Sale Price in February 2012 was $275,000, median price of homes sold was 92% of list price and the median number of days on the market was 207.

The Charlestown RI real estate market has improved from February 2011 to February 2012.  Home sales have doubled and homes in pending have increased by two.  All signs of a stronger spring market!

The numbers of Charlestown RI homes for sale, price range of homes sold and real estate market trends month

Charlestown RI Real Estate Report- February 2012

Waterfront – oceanfront Quonnie Home

to month (such as at  Quonnie) are shared here.  From West Beach to East Beach to the Ninigret neighborhood of homes there are many great Charlestown RI locales to view. Search for RI homes for sale in all beach communities.

 

Charlestown RI continues to have a good supply of homes for sale and the oceanfront and ocean view Charlestown RI homes for sale.  However, the current absorption rate for the homes on the market is 7 months and is entering a neutral market.  When inventory levels are at a 6 month home absorption rate, it is considered a balanced market.  Less than 6 months becomes a sellers market again.

 

There were no Charlestown short sales that closed in February.  There are 8 short sale Charlestown homes on the market right now.

 

11 Charlestown RI pending home sales awaiting closing in February. Pending sales are down by 10 homes over the prior month.

 

 When you have white sand beaches, serene and quiet living and do not forget the low taxes, it is a mega draw for buyers all around New England and beyond. Come and visit! Explore the uniqueness of this coastal town.  Charlestown RI Real Estate Market Report- February 2012.

 

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

 As a North Kingstown short sale agent, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.

  Waterfront, oceanfront, luxury and coastal RI 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.

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