Archives for December 2008

New Castle, North Hampton, Greenland NH Real Estate – Homes Updates – November 2008

Check out the latest real estate activity for New Castle, North Hampton, Greenland NH for November 2008 – homes for sale and homes that sold!

Newcastle, North Hampton, GreenlandNew Hampshire Homes Real Estate Update – Nov. 2008

NewCastle NH - Looking out to Ocean - Ann Cummings NH REALTOR
The Seacoast areas of New Hampshire and Southern Maine are really very pretty areas, and we have a very diverse real estate market here.  Some towns have felt the downward turn in the real estate market more than others, and some have weathered it much better than areas around the country.

We always have a strong demand for NH homes and condos here in the Seacoast because of our location – we’re right here along the Atlantic Ocean, and we’re 45 minutes north of Boston, 45 minutes east of Manchester, and 45 minutes south of Portland Maine – all great cities with airport transportation for those needing it.  We are also just a little over an hour away from mountains for great winter snow skiing and other winter sports.

Here are Seacoast NH real estate updates for the month of November 2008:

Newcastle NH:

Homes for sale
—   12
Average Asking Price — $1,299,750
Days on Market —  216 days
New Listings in Nov   — 1

Homes Sold in Nov. —  2
Average Sold Price  —  $2,000,000
Average Days on Market —  154 days
List to Sell Ratio   —  90%

Homes Sale Pending/Under Agreement  —  1
Average Asking Price   —  $585,000
Days on Market  —  158 Days

2 listings expired in November


North Hampton New Hampshire
:

Homes for sale
—   54
Average Asking Price   —  $686,677
Average Days on Market   —  214 days
New Listings in Nov.   —-   6

Homes Sold in Nov —   3
Average Sold Price  —  $599,967
Average Days on Market    —  262 days
List to Sell Ratio  —-   91%

Homes Sale Pending/Under Agreement in Nov.  —  2
Average Asking Price   —- $467,000
Average Days on Market   —-   381

8 homes expired from the market without selling in North Hampton during November.


Greenland New Hampshire
:

Homes for sale —   28
Average Asking Price  —  $481,743
Average Days on the Market  —  147
New Listings in Nov.   —   3

Homes Sold in Nov.  —   3
Average Sold Price  —  $273,433
Average Days on the Market —  64 days
List to Sell Ratio  —97%

Homes Sale Pending/Under Agreement in Nov.  —  3
Average Asking Price  —  $354,600
Average Days on the Market —  104 days

4 homes expired in Greenland without selling during November.
North Hampton NH - Town Gazebo - Ann Cummings

Homes generally expire from the market without selling because they weren’t priced properly for the market and/or for the condition that the home or condo was in.  Buyers just don’t see them as a good value for the money, so they move on to the properties that are price properly.
If you’re thinking about selling your home, one very important fact to know about your market is the absorption rate.  The absorption rate will tell you how long it will take for the current inventory of homes in Greenland, North Hampton, and New Castle NH to be absorbed by the market if no other homes come on the market.  The absorption rate for November 2008 in Newcastle NH was 6 monthsNorth Hampton’s absorption rate was 18 months, and for Greenland it was just over 9 months.  If you want your home sold, you need to know this number to help you price your home accordingly.

Are you a homeowner in the New Hampshire or Maine Seacoast area you’re thinking about seling your home or condo?  If so, call me today at 888-349-5678 x 3839, or send me an email at ann@anncummings.com, and let’s talk real estate!

Related Reading:

Seacoast New Hampshire Real Estate Market Reports
Absorption Rates and Why They’re Important to Know

  • Pricing Your Seacoast NH Homes and Condos Correctly for Todays Market
  • Pricing Your Home To SellSearch New Hampshire and Maine Homes Condos For Sale Portsmouth NH Homes - Portsmouth NH Area Real Estate Market Reports
    Contact Ann Cummings New Hampshire REALTORNH and Maine Real Estate - Featured ListingsRead My Newsletter

    Ann Cummings New Hampshire REALTOR
    Servicing the New Hampshire towns of Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, Durham and surrounding areas, and the Maine towns of Kittery, Kittery Point, Eliot, South Berwick, York, and surrounding areas.

  • Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

    Top 7 Reasons To Put Your Home on The Market During the Holidays

    Should you or shouldn’t you put your home on the market during the holidays?? Here’s a list of 7 reasons to really think about going forward!

    New Hampshire and Maine Homeowners

    Should I put my home on the market during the holidays?

    nh-homes-home-for-the-holidays-ann-cummings-nh-realtor

    I get asked this question frequently, and it seems to the top question for NH and Maine Seacoast homeowners when I talk to them this holiday season.  My answer is, “if you’re serious about selling your home, then by all means let’s go ahead and put it on the real estate market for sale!”

    If a homeowner isn’t really serious about selling, then this is certainly not the time to ‘test the market’, not that there ever is a good time to do that.  If you’re not serious about selling, why go to all that effort and hire an agent to expend time, effort, and money trying to get your home sold when you don’t really care whether it sells or not?

    Buyers need to buy homes, and they don’t aways get to choose the optimal time of year to do so.  Those buyers who are out looking during the holidays are serious buyers.

    Here are the top 7 reasons to seriously consider putting your home on the market for sale during the holidays:

    —  Buyers looking during the holidays are very serious buyers and they usually have to make quicker decisions about buying.

    —  There are fewer homes on the real estate market during the holidays, so your competition is less, which means there aren’t as many homes for serious buyers to choose from.

    —  Buyers who are buying during the holidays usually have that specific time off to look and buy.

    —  Your home is beautifully decorated and therefore shows warmth and happiness to those looking at your home.

    —  Residential real estate is all about emotions, and buyers’ choices on a home to pursue is typically based on the home that gives them happy and warm feelings.

    —  Many job transfers and relocations take place at the end of the year or during January, and by having your home on the market during the holidays, you can tap into those buyers who have to buy for job transfers.

    There are buyers who want/need to buy before the year ends for tax purposes and financial reasons.
    portsmouth-nh-homes-a-welcoming-porch-and-front-door-ann-cummings-nh-realtor

    If you’re a homeowner in the New Hampshire or Maine Seacoast area and you’re thinking about seling your home, give me a call and we can talk further about getting your home on the market.

    Are you thinking about making the  Portsmouth New Hampshire area or any of the surrounding Seacoast towns your home?  Call me today at 888-349-5678 x 3839, or send me an email at ann@anncummings.com, and let’s talk real estate!

    Related Reading:

    Seacoast New Hampshire Real Estate Market Reports
    Absorption Rates and Why They’re Important to Know

  • Pricing Your Seacoast NH Homes and Condos Correctly for Todays Market
  • Pricing Your Home To Sell
    search-homes-condos-new portsmouth-nh-area-real-estate-market-reports1
    contact-me-ann-cummingscheck-out-featured-homes-for-salecheck-out-my-monthly-real-estate-newsletter-ann-cummings
  • anncummingscom
    Servicing the New Hampshire towns of Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, Durham and surrounding areas, and the Maine towns of Kittery, Kittery Point, Eliot, South Berwick, York, and surrounding areas.

    Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!