Charlestown RI Real Estate Market Report March 2017

Charlestown RI Homes for Sale March 2017

 

The Charlestown RI home sale market in March 2017 is feeling the uplifting spring upbeat in real estate sales over the prior month.   As you look back at the home sales in Charlestown for the first three months of 2017 as compared to the same time period in 2016, it shows no increase in home sales year over year.    Yes, home sales in Charlestown have remained the same 2016 to 2017.

 

Charlestown RI Real Estate Market Report March 2017Home 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. We are moving forward as the spring market is moving forward, spring 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 slowing this market down now.

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.

 

One $1 million and over Charlestown home sold this month.  As they say, oceanfront, waterfront and being near the beach are in high demand.   Consider buying now for yourself or for generations to come and buying as an Charlestown RI Real Estate Market March 2017extended 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: 80 ( 8% more homes than prior month)
  • Single-family properties closed: 11 ( 6 more homes sold over prior month) 
  • Average sales price: $415,000 
  • Median sales  price: $368,000  
  • Sales price to list price ratio: 97% (99% last month)
  • Average days on the market: 113 
  • Sales currently pending: 11 (same as prior month)
  • Highest priced home sold this month was $ 1,100,000 in the Foster Cove neighborhood.

 Charlestown is starting off the first quarter of 2017 with the same number of homes sold as compared to January-March 2016.  Yet, the homes sold prices are 53% higher the first three months in 2017 as compared to same period in 2016 ( from $370,000 as compared to $565,000).  This increase is due to the three over $1 million priced homes that have sold so far in 2017 (in first quarter 2016 no homes were sold over $ 1 million).

 

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 Report March 2017

 

 

Charlestown’s home absorption rate is a buyers 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 11 Charlestown RI home sales is as follows for the month: 2 homes sold under $300,000, 5 homes sold between $300,000-$400,000, homes sold over $400,000 but less than a million dollars and home 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 trusted southern RI real estate professional 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.

March 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.  Even with winter approaching the ready to buy buyers are looking anxiously for the right priced homes and location.
 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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