Charlestown RI home sale market report for October 2013 is provided by Ginny Lacey Gorman of RI coastal real estate.
Home sales here year to date are down 18% over 2012 and home sale prices fell back by 2%!
The Charlestown RI real estate market in October is feeling the cool down in sales in this oceanfront community over the prior month.
Nestled in the southern part of Rhode Island between Westerly and South Kingstown RI, this town offers beachfront and rural homes for the discriminating buyer. It is the amazing coastline and serene landscapes that draw home buyers to this location. Here is the October 2013 home sales update, as follows:
- Properties active and on the market: 109
- Single-family properties closed in October: 13
- Average sales price: $ 304,000
- Sales price to list price ratio: 95%
- Average days on the market: 93
- Sales currently pending: 15
Charlestown home sales decreased in October. Luxury waterfront homes sold this month for $1 million and over were non-existent. Now with the changes in flood insurance, waterfront home prices will be evaluated along with flood plain maps.
Home inventory shrunk in October, pending sales decreased by 1 home and Charlestown RI home closings decreased by 6 homes over the prior month.
Breakdown of the 13 Charlestown RI home sales is as follows for the month of September: 8 homes sold under $300,000, 3 homes sold between $300,000-$400,000 and 2 homes sold over $400,000. Charlestown RI homes sales still indicate that the best value for location, taxes and coastal living is the under $300,000 market here.
Charlestown RI real estate update in home sales year to date through October 2013 are down by 18% over same time period through October 2012 and home prices decreased by 2%.
There is no doubt that homes here are desirable to buyers in all price ranges. From coastal Charlestown homes to the rural country homes. You are never far from the ocean here. It is a great time to buy in the Quonnie area too if you are looking at true waterfront and walk to water Charlestown homes for sale.
Again be aware that flood plains and flood maps have changed and FEMA is no longer subsidizing flood insurance. Always check the flood zones out with your insurance agent before making an offer on a home. The increases to flood insurance premiums have gone into effect as of this month. .
Search for Charlestown RI homes for sale here. Looking for a Charlestown RI waterfront real estate agent ? Ginny Lacey Gorman knows her Charlestown RI waterfront real estate market. I would love the opportunity to help you in your search or sale.
Contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com. Let’s discuss your home needs and see how I may help you reach them. Charlestown RI real estate home sales numbers in October give the home buyers and sellers the necessary home information to make wise real estate decisions,
This blog © and its contents is original to Ginny Lacey Gorman
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.
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cell: 401.529.7849 Ginny Lacey Gorman, Realtor