Charlestown RI Home Sales September 2013
Charlestown RI estate market for September 2013 is provided by Ginny Lacey Gorman of RI coastal real estate. Home sales here year to date are down 24% over 2012 same time period but home sale prices are up by 10%!
The Charlestown RI home sales market this September 2013 is up by 138% in this oceanfront community over the prior month. Something to be said about the waves of fall bringing good fortune to home sellers.
- Properties active and on the market: 118 ( down 16% from prior month)
- Single-family properties closed in September: 19 ( up by 138% over last month)
- Average sales price: $ 375,647 (decreased by 46% over prior month)
- Median sales price: $ 265,000 (8% decrease over prior month)
- Sales price to list price ratio: 94% (3% increase over prior month)
- Average days on the market: 130 (85% increase over last month)
- Sales currently pending: 16 (down by 1 sale over last month)
Charlestown RI home sales is a surprise this past month. No luxury waterfront homes sold this month for $1 million and over.
Charlestown’s home absorption rate at this rate has moved to a balanced real estate market here along with the a declining home inventory.
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.
Home inventory shrunk in September, pending sales decreased by 1 home and Charlestown RI home closings increased significantly by 11 homes over the prior month.
Breakdown of the 19 Charlestown RI home sales is as follows for the month of September: 8 homes sold under $300,000, 5 homes sold between $300,000-$400,000 and 6 homes sold over $400,000. Charlestown RI homes sales still indicate that the best value for location, taxes and coastal living is the under $300,000 home market here.
Charlestown RI home sales year to date through September 2013 are down by 24% over same time period through September 2012.
Actually 2013 home sales through September 2013 stand at 85 home sales compared to 112 sold through September 2012. Although this is a decrease in Charlestown home sales in 2013 over last year through September the average home sale price rose by 10%.
Are there deals to be made?…perhaps but prices are already increasing here. Are sellers standing firmer on their home prices this year? Perhaps. There was certainly more of a home buying frenzy in 2012 than currently. You do not know until you work with a real estate agent who represents your interests in making the right price offer on the right house!
There is no doubt that homes here are desirable to buyers in all price ranges. From coastal Charlestown homes to the rural country homes. You are never far from the ocean here. It is a great time to buy in the Quonnie area too if you are looking at true waterfront and walk to water Charlestown homes for sale.
Again be aware that flood plains and flood maps have changed and FEMA is no longer subsidizing flood insurance. Always check the flood zones out with your insurance agent before making an offer on a home. Update 10/29/2013– Congress has put on hold the increased flood insurance premiums for coastal homeowners until further study and options can be evaluated from the the Biggert-Waters Act.
Search for Charlestown RI homes for sale here.
Looking for a Charlestown RI waterfront real estate agent ? Ginny Lacey Gorman knows her Charlestown RI waterfront real estate market. I would love the opportunity to help you in your search or sale. Knowing current FEMA flood map changes, building construction needs in coastal areas and staying abreast of RI septic changes is a small part of my skills set.
Contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com. Let’s discuss your home needs and see how I may help you reach them. Charlestown RI Home Sales numbers in September give the home buyers and sellers the necessary home information to make wise real estate decisions.
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