Charlestown RI Home Sale Report March 2014
The Charlestown RI estate market update for March 2014 is provided by Ginny Lacey Gorman of RI coastal real estate.
The lack of home inventory under $400,000 in Charlestown is moving home buyers to other southern RI communities such as Narragansett or North Kingstown. At present, Charlestown homes on the real estate market are priced a bit high and/or need some updating. Home buyers have indicated they want well priced homes that need minimal updating.
This is a waterfront and rural community here depending upon your desire for your Charlestown home location. Home sales here for the month of March are up 80% over the prior month. This town can put the winter behind as spring blooms in home sales.
Home buyers are actively seeking good land values and lower priced affordable homes under $400,000 especially. Both of these real estate nuggets of information will be ‘important’ this year.
House in Quonnie
Nestled in the southern part of Rhode Island, between the towns of Westerly and South Kingstown RI, this town offers coastal properties as well as country homes and cottages for the RI home buyer. It is the stunning coastline, quiet neighborhoods, beach side homes and serene landscapes that draw home buyers to this Charlestown location. Here is the March 2014 home sales update for the month, as follows:
- Properties active and on the market: 90
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Single-family properties closed: 9
- Average sales price: $339,000
- Sales price to list price ratio: 92%
- Average days on the market: 102
- Sales currently pending: 7
Charlestown RI real estate sales bloomed in March which was long overdue. No luxury oceanfront homes sold for $1 million and over this month.
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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.
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Breakdown of the 9 Charlestown RI home sales is as follows for the month: 5 home sold under $300,000, 2 homes sold between $300,000-$400,000 and 2 homes sold over $400,000.
Charlestown RI Real Estate Market Update March 2014
Comparing the first quarter 2013 to first quarter 2014, home sales are up by 5%.
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 area too if you are looking at true waterfront, walk to water or oceanfront Charlestown homes for sale.
Looking for a Charlestown RI waterfront real estate agent ? Ginny Lacey Gorman knows her RI coastal real estate market. I would love the opportunity to assist 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 part of my skills set.
May this Charlestown RI home sale report for March 2014 guide you in your RI real estate endeavors.
originally posted at Charlestown RI Real Estate Market Update March 2014 by RI coastal real estate agent Ginny Lacey Gorman.
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