Charlestown RI Homes for Sale May Report
The Charlestown RI single family home sale market in May 2020 is down this month in real estate sales by44% and pending sales are up by 56% over the prior month. There is a limited home inventory here.
Home buyers need to be ready, willing and able to buy on homes in all price ranges. Sellers do reach out to me now as I have buyers waiting for homes to buy. The right priced home inventory is wanted by buyers and will continue to grow in demand. This Charlestown home sale market update is provided by Ginny 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 factors always.
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 homes are in need for buyers and this 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.
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 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 and New York to a wonderful ocean area retreat and offers oceanfront residences as well as country homes at far better prices. 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: 42 ( 7 more than prior month but 8 of these homes are in sales agreement and awaiting closing)
- Single-family properties closed: 5 ( 9 in prior month)
- Average sales price: $414,000
- Median sales price: $388,000
- Sales price to list price ratio: 95%
- Average days on the market until pending: 62
- Sales currently pending: 14 (9 in prior month)
- Highest priced home sold this month was $ 660,000 in the Post Road neighborhood.
The homes sold prices have decreased by 20% on average in 2020 over 2019 so far this year and the number of sold homes decreased by 49% in this time period (January-May). The average home sold this month is a 3 bedroom, 2 bath home with 1800 square feet of above ground living space. The average above ground square foot cost of a sold Charlestown home is $258 in 2020 year to date.
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. Whether winter or summer this is a southern RI town that offers nature and water within a drive of any home.
Charlestown’s home absorption rate is a sellers real estate market at present. However, 25% of the homes for sale are over $900,000 and half the homes for sale are over $500,000.
- 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: 1 homes sold under $300,000, 3 homes sold between $300,000-$400,000, 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 is a sampling of the most current Charlestown homes for sale under $500,000:
Here is a sampling of the most current Charlestown homes for sale over $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. Charlestown and all southern RI is my real estate stomping grounds for clients and I know it like the back of my hand because it is in my DNA!
As always, call me, Ginny Lacey Gorman, at (401) 529-7849 or email me at RiByTheBay@gmail.com so we may discuss your RI real estate options in selling or buying in Charlestown or in southern RI.
May 2020 Charlestown RI Home Sales Market Report