Charlestown RI Real Estate Market February 2015

Charlestown RI Real Estate Market February 2015

 

The Charlestown RI real estate market this February experienced the pullback in home buying which has dropped 40% over the prior month.    As you look back at the Charlestown RI Real Estate Market February 2015home sales in Charlestown for the first two months of 2014 as compared to the same time period in 2015, it shows an upwards home sale trend by 7%.  As we enter the new year market, the news is good for a continued positive real estate market here.

 

And home buyers need to be ready, willing and able to buy on homes especially in the under $300,000 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 saw no homes on the ocean or luxury homes close for over $1 million.

This is a mixture of a waterfront and rural community depending upon your location desire for a Charlestown home.  It is wonderful to be able to have that choice in this RI town.

Home sales here for the month of February are down by 40% over the prior month  probably due to the inclement weather but pending home sales are up by 17% over the prior month.  

Although no million dollar plus homes sold this month, the over $1 million homes sold in 2014 were double the number sold in 2013.  As they say, oceanfront and waterfront are always in high demand.  It will be interesting to see if 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 for the home buyer.  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 February 2015 home sales update for the month, as follows:

  • Properties active and on the market: 64 ( 7% more homes than prior month)
  • Single-family properties closed: 6 ( 40% decrease over prior month) 
  • Average sales price: $292,000 
  • Median sales  price: $290,000  
  • Sales price to list price ratio: 98% (95% last month)
  • Average days on the market: 105 (14% less than prior month)
  • Sales currently pending: 14 (17% more than prior month)

 So the home sales are up by 14% through February 2015 y-t-d over y-t-d February 2014 in this town.

Charlestown RI Real Estate Market February 2015 

Charlestown RI Real Estate Market February 2015

Charlestown’s home absorption rate has returned to a buyers-= 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 current real estate market.
      • Breakdown of theCharlestown RI home sales is as follows for the month: 3 homes sold under $300,000, 2 homes sold between $300,000-$400,000 and 1 home sold over $400,000 but less than a million dollars and no 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 true oceanfront, walk to water or an oceanfront Charlestown homes for sale find.

Past Charlestown RI Market Reports you may be interested in are highlighted below:

January 2015 Charlestown RI Real Estate Market Report

December 2014 Charlestown RI Real Estate Market Report Yearend

November 2014 Charlestown RI Real Estate Market Report

October 2014 Charlestown RI Real Estate Market Report

Here are some of the hottest Charlestown homes for sale:

Whether you are buying or selling in the Charlestown real estate market or anywhere in Washington County, RI, I would like the opportunity to earn your trust and business. I am well versed in all types of residential real estate and will ensure your needs are my top priority!  Call me today at 401.529.7849.

Charlestown RI Real Estate Market February 2015

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Ginny Lacey Gorman is your go to Charlestown Rhode Island waterfront and luxury real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
 
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 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 today.

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