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This is the sixth month of a decline in real estate inventory in Charlestown RI (which is typical since many homes are withdrawn from the market for the winter months)..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 numbers of Charlestown RI homes for sale, price range of homes sold and real estate market trends month
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:
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 market, call Ginny today at 401.529.7849.