Portsmouth NH Real Estate – Homes and Condos Market Update – December 2008

Love Portsmouth NH? Check out how our real estate market did during the month of December 2008:

Portsmouth New Hampshire Real Estate Market Update – December 2008

Portsmouth NH - Downtown Popovers Bakery and Cafe

Real estate in Portsmouth NH
and the surrounding area is always a topic of interest for most people in this area.  As the real estate market goes, so goes most other things, it seems.
Our market in Portsmouth had ups and downs in 2008.  Demand was there, inventory was there in some parts of the market and in other parts it was very lean.  Some areas in town have a pent-up demand, such as the Little Harbor area, and others have an over-supply of homes or condos on the market.

So, how did Portsmouth NH homes and condos fare in December?  Check out the numbers below:
Portsmouth NH Homes – December 2008 Market Recap:

49 homes are currently for sale in Portsmouth
Asking prices range from $163,900 to $1,595,000
Average asking price is $447,715
Average Days on the market – 131 days

homes in Portsmouth NH went sale pending/under agreement
Asking prices ranged from $176,500 to $359,000
Average asking price – $285,240
Average Days on the market – 109 days

8 Portsmouth NH homes sold during December 2008
Asking prices ranged from $79,500 to $465,000
Sold prices ranged from $72,000 to $410,000
Average sold price – $284,250
Average Days on the market – 122 days
Average List-to-Sell Ratio – 95%

24 homes in Portsmouth expired from the market during December 2008 without selling.

Portsmouth NH Real Estate - Gorgeous Victorian Home - Ann Cummings Copyright 2008
Portsmouth NH Condos – December 2008 Market Recap:

86 Portsmouth condos currently for sale
Asking prices range from $114,900 to $1,472,000
Average asking price is $438,192
Average Days on the market – 192 days

1 condo in Portsmouth went sale pending/under agreement
Asking price was $399,900
Days on market – 227 days

3 Portsmouth NH condos sold during December 2008
Asking prices ranged from $195,500 to $295,000
Sold prices ranged from $190,000 to $290,000
Average sold price – $235,633
Average Days on the market – 204 days
Average List-to-Sell ratio – 99%

17 condos in Portsmouth NH expired from the market without selling during December 2008.

Portsmouth New Hampshire is a beautiful coastal town, a working port, and has much to offer anyone interested in living here.  If you’re interested in exploring the real estate market here in Portsmouth, either as buyers or sellers, send me an email or give me a call at 1-888-349-5678 x 3839.

I’d love to help you with your real estate goals!

Related Reading:

Seacoast NH and Maine 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 SellWould you like information on the New Hampshire or Maine 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!

    Click here to search homes and condos for sale in NH and Maine
    Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

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    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!

    Comments

    1. I can’t wait for Spring to be here…enough snow already! Where do you guys put all the snow up in Portsmouth?

      • Hey Monika – I am so looking forward to spring, too! We have so much snow, I don’t know where the downtown area snow goes when we have this much. I know the piles from my driveway are pretty tall where the plow guy puts it, and I have mountains along the side of my walkways from shoveling all that snow. I wish all this would melt like the 3 feet that melted over Christmas melted.

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