Charlestown RI Real Estate Market January 2016
The Charlestown RI real estate market January 2016 has had a slowdown in home selling over the prior month with sales being down 17%. As you look back at the home sales in Charlestown for 2015 as compared to 2014, it shows an increase in home sales up by 5%. Home sold values have increased by 15% over 2014. This is an healthy increase in average home sale prices.
Home buyers need to be ready, willing and able to buy on homes especially in the under $400,000 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 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.
Charlestown RI homes sold for the month of January are down 17% over the prior month and this is due to lack of inventory and winter here.
One, $1 million plus, Charlestown home sold this month in 2016, the number of over $1 million homes sold in 2015 is 17 homes compared to 13 sold in 2014 in this town. The average per square foot cost of these sold luxury homes in 2015 is $738/square foot. As they say, oceanfront and waterfront are always in high demand. 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. 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 January 2016 home sales update for the month, as follows:
- Properties active and on the market: 82 ( 44% more homes than prior month)
- Single-family properties closed: 5 ( 17% less than prior month)
- Average sales price: $349,000
- Median sales price: $264,000
- Sales price to list price ratio: 88% (94% last month)
- Average days on the market: 67
- Sales currently pending: 12 ( 51% more than prior month)
- Highest priced home sold this month was $699,000
So the Charlestown home sales are up by 5% for 2015 over 2014. Charlestown home sold prices are up by 15% over the same time period which is the largest increase in Washington County for 2015.
The average Charlestown home sold price was $508,000 on 139 sales in 2015. The stunning Charlestown oceanfront and coastal luxury homes are a continual draw for home buyers.
Charlestown RI Real Estate Market January 2016
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 market.
- Breakdown of the 5 Charlestown RI home sales is as follows for the month: 3 homes sold under $300,000, 1 home sold between $300,000-$400,000 and 1 home sold over $400,000 but less than a million dollars and 0 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 the most current Charlestown homes for sale under $500,000:
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 real estate needs, developing a solid marketing plan for your home and getting it show ready to sell. I do assist buyers too at no cost to them when you are looking for a designated buyers’ agent to protect your home buying interest.
Charlestown RI Real Estate Market January 2016
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Waterfront, oceanfront, luxury and coastal Charlestown Rhode Island real estate is my specialty but all of RI is my backyard. When you are in need of a Charlestown real estate professional and specialist for your buying, selling or relocating needs call Ginny Gorman. She is an internet savvy marketer and real estate agent who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 or email me at ginny@RiHouseHunt.com today.
