Real Estate Market Report for Charlestown RI

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

Real Estate Market Report Charlestown RI.

Charlestown RI Real Estate Market Report- February 2012

Pristine and unique - It is Quonnie time!

13 Charlestown RI homes have been sold in February 2012:

1 waterfront Charlestown RI home sold for over $1 million

1 home sold for over $400,000

3 homes sold between$300,000- $400,000

8 homes sold less than $300,000

There were 94 Charlestown RI homes for sale in February 2012 which another decrease in inventory.  This is the sixth month of a decline in real estate inventory in Charlestown RI (which is typical since many homes are withdrawn from the market for the winter months)..  Yet there were two more homes sold this month than the prior month.

 Average Home Sale Price in February 2012 was $280,453,  homes sold on average for 92% of list price  and were on the real estate market for 178 days on average. 

The Charlestown RI real estate market has improved from February 2011 to February 2012.  Home sales have doubled and homes in pending have increased by two.  All signs of a stronger spring market and sellers have been waiting to hear this improvement!

The numbers of Charlestown RI homes for sale, price range of homes sold and real estate market trends month

Charlestown RI Real Estate Report- February 2012

Waterfront - oceanfront Quonnie Home

to month (such as at  Quonnie) are shared here every month.  From West Beach to East Beach to the Ninigret neighborhood of homes there are many great Charlestown RI locales to view.

Charlestown RI continues to have a fair supply of homes for sale as well as oceanfront and ocean view Charlestown RI homes for sale.  However, the current absorption rate for the homes on the market is 7 months and is entering a neutral market.  When inventory levels are at a 6 month home absorption rate, it is considered a balanced market.  Less than 6 months becomes a sellers market again.

There were no Charlestown short sales that closed in February.  There are 8 short sale Charlestown homes on the market right now.

11 Charlestown RI pending home sales awaiting closing in February. Pending sales are down by 10 homes over the prior month.

 When you have white sand beaches, serene and quiet living and do not forget the low taxes, it is a mega draw for buyers all around New England and beyond. Come and visit! Explore the uniqueness of this coastal town.  Charlestown RI Real Estate Market Report- February 2012.

Catch up on last year’s market report:

2011 Charlestown RI Market Report.

View Charlestown RI 02813 in a larger map


 Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Charlestown RI geographic area of homes for sale, schools, happenings, important tidbits of information and  businesses well.  Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage.  When you are in need of an internet savvy RI realtor® who sells homes in this real estate marketcall 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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Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Ginny - this is a well prepared market report for Charlestown, RI, one which should be helpful to consumers interesting in keeping up with the real estate market. 

Mar 08, 2012 07:55 PM #1
JOSH EVANS *JoshEvansHomes 516-655-5000
Village Properties of Mineola, LLC - Mineola, NY

Great blog and great job. Keep up the good work and good luck to you this year. Thanks 

Mar 08, 2012 07:56 PM #2
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ginny, I love your market reports. Buyers and sellers in Charlestown RI should call you if they want to buy or sell a home.

Mar 08, 2012 08:18 PM #3
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Plenty of positive real estate news for the Charlestown RI market...good report!

Mar 08, 2012 08:33 PM #4
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Barbara, everyone wants to live there because the real estate taxes are sooo low...

Josh, many thanks

Gita, i love my southern ri area and what it brings to me in my business...great place to showcase & live.

Anita, it is good news on the sales front!

Joan, especially the waterfront buyers who should be out looking for their choice of homes now..

Mar 08, 2012 09:11 PM #5
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, great report and valueable information for those interested in Charlestown real estate!

Mar 08, 2012 09:13 PM #6
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Great report, Ginny, and I love the photo too. Ginny Gorman in Charlestown, RI is the agent to call for your real estate needs.

Mar 08, 2012 09:41 PM #7
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY

I always appreciate a comprehensive market report, your Charlestown, RI area does look like an idyllic area to live in.

Mar 08, 2012 09:51 PM #8
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

thanks joanie, it really is doing well on the lower end especially.

Toni, i just sold my son a house is a great area

Eileen, think about a summer home or any clients wanting a great beach area outside the Hamptons!

Mar 08, 2012 10:18 PM #9
Doug Bullwinkel
Envoy Mortgage,NMLS ID 6666 - Roseville, CA
Mortgage Loan Originator NMLS #281609

This looks like a great place to live.  Nothing more relaxing than listening to the ocean waves at night.  I'm surprised at the prices there as I thought they'd be much higher.  Thanks for an interesting report.

Mar 08, 2012 11:02 PM #10
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Rhode Island Gin...scout for the area...Don't leave a home or buy a home without her

Mar 08, 2012 11:32 PM #11
Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Ginny -- Low taxes and by the water?  That's a match made in heaven. Charlestown RI is an absolutely beautiful place to call home. Exceptional market report for buyers and sellers.

Mar 09, 2012 12:26 AM #12
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Doug, great buys to be found here...

Richie, many thanks & well wishes appreciated as always my friend

Barbara, it is a great place to consider for year round or a summer home...

Mar 09, 2012 02:04 AM #13
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Ginny, great market report. with valuable commentary. Well done!                                   

Mar 09, 2012 02:06 AM #14
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Don't dare house hunt without Ms. Sparlky Red Shoes....she knows, there's no place like home!

Mar 09, 2012 04:25 AM #15
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Thanks for this up to the date market report.  I hope that the spring market will be beneficial to both buyers and sellers.

Mar 09, 2012 11:39 AM #16
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Wow, Ginny. That's quite a lot. Great job. But actually, I'm not surprise at all, since you are a well experienced and skillful franklin tn short sale agents after all. Keep up the good work. Best of luck. 

Mar 09, 2012 12:36 PM #17
Cheryl Ritchie
RE/MAX Leading Edge - Huntingtown, MD
Southern Maryland 301-980-7566

That is a really pretty market report. You have to really take in all the components. Fantastic job. What are the steps to do the Google Map at the bottom?

Mar 09, 2012 06:37 PM #19
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

wow!   Ginny, you really are the expert in Rhode Island!    What a great report!

Mar 09, 2012 06:52 PM #20
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Ginny Gorman

Homes for Sale in Southern RI and beyond
Need help Selling or Buying RI real estate? Call me

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