Foreclosure Homes in Portsmouth NH Area

Thinking about buying foreclosure bank-owned homes in NH?

Foreclosure homes are all the rage now for buyers currently looking to take advantage of today’s real estate market, with everyone thinking they’re getting a bargain.  And that’s the case here in the Portsmouth NH homes area as well.

Sure, some really are a bargain and don’t need as much work as others do.  Because foreclosed or bank-owned homes are priced the way they are, those prices are one of the driving forces in today’s real estate market when determining the proper price of privately-owned homes.

Oftentimes, when you compare a foreclosure home that has been let go and has been deteriorating because no one’s been there to care for it with a privately-owned home that has been properly cared for, you can see that regular homes present some great opportunities for home buyers in the Portsmouth NH area as well.

~~ Read also – “Looking For Foreclosure Bank-Owned Real Estate?”

For those looking for foreclosed bank-owned  homes opportunities, here[s a sampling of what’s currently for sale in the Seacoast areas of New Hampshire and southern Maine:

• –  375 Winnacunnet Road  Hampton NH - 3 bedroom 2 bath ranch for $239,900.  Hardwood floors, spacious rooms, needs updates – great potential.

• –  24 Granville Road in Barrington NH - 3 bedroom 1.5 bath multi-level home on 1 acre lot – needs TLC.  $160,900.

• –  420 Calef Highway in Barrington NH – 3 bedroom 2 bath colonial style home on 2 acre lot – needs paint & has plumbing issues.  $139,900.

• –  58 Oak Street in Dover NH – 3 bedroom 1 bath cape on an in-town lot, needs new furnace and TLC.  $166,200.

• –  11 Huckins Drive in Madbury NH – 3 bedroom 2 bath ranch with 4-car garage, on 1.33 acre lot.  $189,900.

• –  25 Francesca Way in Nottingham NH – 3 bedroom 2 bath cape in Dunbarton Estates, very nice condition, 1.5 acre lot – $249,900.

• –  156 Blackwater Road in Somersworth NH – 4 bedroom 1 bath cape with 2 car garage on 1/2 acre lot – $149,900.

• – Downtown Portsmouth Condo Portsmouth NH – 3 room 1 bedroom condo in good condition – $189,900.

• –  Hampton Beach Condo Hampton NH – 3 room 1 bedroom condo just steps to the beach and ocean – $99,900.

• – Hemlock Forest Condo Dover NH – 2 bedroom 1 bath townhouse condo, end unit with fireplace, needs work – $109,900.

• –  North Hampton NH Contemporary Ranch home - 3 bedroom 3.5 bath home, 2 car garage on 3.75 acre lot – beautiful gourment kitchen, great master suite, loads of recent upgrades done.  Plumbing issues, water damage.  $454,900.

This is just a small sampling of homes currently for sale in and around Portsmouth NH, offered as bank-owned foreclosure homes.  If any of these have potential interest for you, or if you’d like to explore additional homes for sale, give me a call or send me an email.

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.

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, Greenland – New Hampshire Homes Real Estate Update – Nov. 2008

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.

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 months, North 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 Sell

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.