Charlestown RI Real Estate Market May 2017 Update

Charlestown RI Homes for Sale May 2017

 

The Charlestown RI home sale market in May 2017 is feeling a strong upturn in real estate sales over the prior month and year.   As you look back at the home sales in Charlestown for the first five months of 2017 as compared to the same time period in 2016, it shows a 27% increase in home sales year over year.   The luxury oceanfront homes have made a strong comeback in sales this year over last year.

Charlestown RI Real Estate Market May 2017 UpdateHome buyers need to be ready, willing and able to buy on homes especially in the under $400,000 price range.  Sellers do reach out to me now as I have buyers waiting for homes to buy in the under $300,000 price range. Summer is around the corner and the right priced home inventory is wanted by buyers.  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.  The lack of homes for sale in Charlestown under $400,000 is apparent and now is the time to list and sell.

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.

 

No $1 million and over Charlestown homes sold this month.  As they say, oceanfront, waterfront and being near the beach are in demand.   Consider buying now for yourself or for generations to come and buying as an Charlestown RI Real Estate Market May 2017 Updateextended 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 home sales update for the month, as follows:

  • Properties active and on the market: 81 ( 23% more homes than prior month)
  • Single-family properties closed: 16 ( 33% more homes sold over prior month) 
  • Average sales price: $385,000 
  • Median sales  price: $326,000  
  • Sales price to list price ratio: 93% (96% last month)
  • Average days on the market until pending: 73 
  • Sales currently pending: 15 (17% less than prior month)
  • Highest priced home sold this month was $ 975,000 in the Quonnie neighborhood.

 Charlestown home sales for the first five months of 2017 with the 52 homes sold as compared to January-May 2016 when 41 homes were sold.  The homes sold prices are 41% higher the first five months in 2017 as compared to same period in 2016 ( from $582,000 as compared to $414,000).  This increase is due to the five over $1 million priced homes that have sold so far in 2017.  This indicates that higher end home buyers in Charlestown recognize that the best home inventory is now so buy up!

 

The stunning Charlestown coastal luxury homes are a continual draw for home buyers.  Whether it is condo living or a single family home you desire the right living choices may be here for you.  And if not I am sure I can help you find what you need.

 

Charlestown RI Real Estate Market May 2017 Update

 

Charlestown’s home absorption rate is a balanced real estate market at present in certain price ranges.

  • 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 16 Charlestown RI home sales is as follows for the month: 4 homes sold under $300,000, 8 homes sold between $300,000-$400,000, homes 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 beachfront homes for sale.

Here are some of the most current and up to date Charlestown homes for sale under $500,000:

Whether you are buying or selling in the RI coastal real estate market, I would love the opportunity to earn your trust and business.  As a southern RI real estate professional and specialist I have sold homes for many years in the Charlestown community which I know and love well.  Washington county is my real estate stomping grounds for clients.

As always, call me, Ginny Lacey Gorman, at (401) 529-7849 or email me at ginny@RiHouseHunt.com so we may discuss your RI real estate options in selling or buying here.

May 2017 Charlestown RI Home Sales Market

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This is the time to reach out to me, Ginny Gorman, by email at ginny@RiHouseHunt.com  or call me at 401.529.7849 to discuss listing your Charlestown house for sale, developing a solid marketing plan and getting it show ready to sell.  Helping ready, willing and able home buyers is what I do also for clients.  Knowing the town and having good negotiation skills works successfully for you.
 Working with a successful top selling Charlestown RI real estate agent will give you the expertise, local knowledge and strongest negotiation skills at your finger tips for the sale of your home.

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