Charlestown RI Real Estate Market June 2015
The Charlestown RI real estate market this June has an increase in home selling which has home sales up by 33% over the prior month for the second month in a row. As you look back at the home sales in Charlestown for the first half of 2015 as compared to the same time period in 2014, it shows an increase in home sale trend by 5%. Home sale values have been dropped by 4% over 2014 as more lower end homes sold this year.
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 shows 1 home on the ocean 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.
Charlestown home sales for the month of June are up by 33% and pending home sales are up by 12% over the prior month.
One $1 million+ home sold this month, the over $1 million homes sold so far in 2015 are 20% more than the number sold in 2014. As they say, oceanfront and waterfront are always in high demand. It will be interesting to see if the rest of 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. 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 June 2015 home sales update for the month, as follows:
- Properties active and on the market: 109 ( 1% more homes than prior month)
- Single-family properties closed:16 ( 33% more than prior month)
- Average sales price: $427,000
- Median sales price: $337,000
- Sales price to list price ratio: 96% (95% last month)
- Average days on the market: 74 (reduced by almost a half over the prior month)
- Sales currently pending: 19 (12% more than prior month)
So the home sales are up by 5% through June 2015 y-t-d over y-t-d January-June 2014 in this town. Charlestown home sold prices are down 4% over the same time period too. This is primarily due to the lower end priced homes selling.
Charlestown RI Real Estate Market June 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 market.
- Breakdown of the 16 Charlestown RI home sales is as follows for the month: 6 homes sold under $300,000, 4 home sold between $300,000-$400,000, 5 homes sold over $400,000 but less than a million dollars and 1 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 beachy Charlestown homes for sale.
Past Charlestown RI Market Reports you may be interested in are highlighted below:
May 2015 Charlestown RI Real Estate Market Report
April 2015 Charlestown RI Real Estate Market Report
March 2015 Charlestown RI Real Estate Market Report
Here are some of the most current 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 real estate needs are my top priority! Call me, Ginny Lacey Gorman, today at 401.529.7849 or email me at ginny@RIHouseHunt.com for a private appointment.
Charlestown RI Real Estate Market June 2015
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