Charlestown RI Real Estate Market Update | November 2012
Real estate market update for Charlestown, RI provided by Ginny Lacey Gorman of waterfront RI real estate:
- Properties active and on the market: 78
- Single-family properties closed in November 2012: 14
- Average sales price: $ 513042
- Median sales price: $ 325,050
- Sales price to list price ratio: 93%
- Average days on the market: 82
- Sales currently pending: 18
Central Beach in Quonnie
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Charlestown’s home absorption rate: 5.6 months of home inventory. Based on this most recent home sales data, the Charlestown real estate market is a balanced market. However, some homes have been withdrawn from the housing market for the winter and impact this figure.
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.
- Breakdown of the 14 Charlestown RI home sales is as follows for the month: 6 homes sold under $300,000, 3 home sold between $300,000-$400,000 and 4 homes sold over $400,000 and 1 home sold for over $1 million. In November, the under $300,000 home generated the most buying interest. Also, days on market dropped by almost 45%!
- Home sales up 100% over the prior month.
Click on the picture to Search for Charlestown Homes for Sale
Buyers are out buying the buys in real estate whether they are coastal properties or inland. This town has low taxes and with the ocean front minutes away is a continual draw for homeowners.
Charlestown RI Real Estate Market Update | November 2012
You know, our RI real estate market has changed so much recently and the news media sure makes a lot of noise about it. It has created a lot of questions in the minds of many of my clients and I just wanted to find out if you had any questions I can answer during these changing times?
Looking for a waterfront RI real estate agent that not only knows her waterfront RI real estate market but markets her clients homes with maximum exposure on line with success. It is the SOLD sign at the right price which keeps my clients referring me out to friends and families.
I would love the opportunity to help you in your search or sale. Contact Ginny Lacey Gorman today at 401.529.7849 or email me atRiByTheBay@gmail.com. Let’s discuss your home needs now. Charlestown RI Real Estate Market Update | November 2012.
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