Charlestown RI 02813 Real Estate Market Report

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Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

Quonnie Pond - Charlestown RI 02813

Charlestown RI 02813 Market Report – August 2011.

20 Charlestown RI homes have been sold in August:

    4 homes sold over $400,000

     4 home sold for between $300,000-$400,000
    12 homes sold for under $300,000

There were 146 Charlestown RI homes for sale  in August 2011 which was a 5% decrease over the prior month (8 less homes for sale).  Of the Charlestown RI homes on the market 21 of them are over $1 million in listing price.

The numbers of Charlestown RI homes for sale, price range of homes sold and real estate market trends month to month for Charlestown neighborhoods (such as Quonnie) that may be on your radar are shared here.  The number of Charlestown RI homes sold nearly tripled in August!  This was a huge burst of activity and buying especially in the under $300,000 category.  

Charlestown RI continues to have a good supply of homes for sale and the oceanfront and coastal Charlestown RI homes for sale are being viewed but are not in the active sales right now.  The Charlestown RI home sales were spread out among all price levels but the over $400,000 sold the best – if location, condition and price for a home is great the property will be a seller in this market!

Be aware that the absorption rate for homes on the market is about 7 months which is moving towards a sellers market- this is quite different than other southern RI towns.

Pending home sales have increased by 3 homes over July 2011 and there are 18 homes in pending in Charlestown RI To be in ‘pending’ status is to be awaiting on the closing of the home i.e. there is a signed purchase and sales agreement on the home. This waiting time is usually due to the lender going through their punch list of items needed from the buyers and/or finishing up agreed upon items from the home inspection.

Out of state buyers continue to search for oceanfront Charlestown RI homes for sale.   I do expect real estate to remain constant this fall especially in the lower price ranges and for waterfront and vacation homes.  When you have great beaches, it is a fantastic draw for buyers all around New England and beyond.  Charlestown RI 02813 Real Estate Market Report- August 2011.

!!!!!!!!!!

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well.  Also, as North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters.  Waterfront, water view, ocean front, luxury and coastal RI homes are her specialty, so call Ginny for your buying and selling home needs.  When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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Ambassador
2,603,565
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ginny a very positive market report for Charlestown RI. The absorption rate at 7 per month is half of what we have in our areas. Well done

Sep 07, 2011 12:10 AM #1
Rainmaker
128,007
Michael Thornton
RadnorLake Video - Nashville, TN
Nashville Area - Photography & Videography

Good morning, Ginny. Nicely done market report. It seems as if the properties in the $300K market range are the staple of the industry... 

Sep 07, 2011 12:18 AM #2
Rainmaker
5,445,554
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ginny....looks like a good sign of progress in Charlestown RI.....

Sep 07, 2011 12:42 AM #3
Rainmaker
694,927
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Sales look good. But the media will not report that.

If they would the market would increase with confidence in the consumer on home purchases.

Have a great day, Clint mckie

Sep 07, 2011 01:25 AM #4
Ambassador
1,303,370
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Ginny - Great market report on the sales up there in Charlestown, RI.    You do know your stuff there!

Sep 07, 2011 01:36 AM #5
Rainmaker
883,926
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Ginny, a slow but steady home recovery, good work, thanks for the report.

Sep 07, 2011 02:21 AM #6
Rainmaker
2,017,615
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Drive in screen size images rock!

Sep 07, 2011 02:28 AM #7
Rainmaker
1,817,029
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Ed, it is dong much better here & this month gave it a kick start...

Michael, that price range is the golden goose egg!

Barbara, it is thanks

Clint, you are right we need additional confidence...it is very tough with buyers right now

Dagny, thanks so much..Charlestown RI is the place.

David, i'd like to speed it up a bit...

Andy, thanks!

Sep 07, 2011 04:56 AM #8
Rainer
355,940
Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Sells Real Estate!

Ginny, did you see the July/August issue of Yankee Magazine? There was a big spread on South County beaches including Charlestown. Made me think of you! Also, do you know about the market report contest on AR that started Sept. 1? See you next week!

Sep 07, 2011 11:34 AM #9
Rainmaker
4,449,363
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Excellent market report Ginny, which shows you know what your market is doing, and how to guide both buyers and sellers through today's market.

Sep 07, 2011 12:18 PM #10
Rainer
118,941
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

I know there are buyers' markets and sellers' markets, but I've never known how you actually determine the difference. You seem to indicate that it has something to do with absorption rate. I always thought it was a buyers' market if prices were falling, and a sellers' market if prices were rising. Am I a simpleton?

Sep 07, 2011 03:47 PM #11
Ambassador
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Ginny, This is a great and good market report for Charlestown RI. This post will be very helpful to your readers and homebuyers, especially since it is from an expert in the area and from one of the experienced North Kingstown Short Sale Agents. Thanks for sharing this. 

Sep 07, 2011 06:44 PM #12
Rainer
230,875
Bob Hertzog
Summit Home Consultants - Phoenix, AZ
Designated Broker

This is a positive market report of your area Ginny. With your expertise as one of North Kingstown Short Sale Agents, homebuyers in Charlestown RI who consult to you have nothing to worry about.

Sep 07, 2011 07:02 PM #13
Rainmaker
1,817,029
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Nina, didn't know about the Yankee magazine but I'll check it out...yes, on the contest I am in..

Joan, i know how busy you are and reports are helping the consumer.

Eric, actually when the number of homes on the market can be absorbed (sold) in less than 6 months it has become a buyers market...meaning they are selling quicker so get your hot cake homes while you can! 

Katerina, short sales are everywhere & here too...hope it helps the Charlestown RI consumer

Bob, it is a great uptick and we hope it continues..best

Sep 07, 2011 11:34 PM #14
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Rainmaker
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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