Newcastle NH, Rye NH, North Hampton NH – 2008 Homes Market Recap
January 24, 2009 by Ann Cummings
Filed under RE Market Reports
See how the real estate markets in the Seacoast towns of Rye, North Hampton, and New Castle NH fared for 2008!
Newcastle NH Homes, Rye NH Homes, North Hampton NH Homes – 2008 Real Estate Market Recap
Real estate markets and the local activity have varied greatly all across the country. All real estate is local, super local, and no matter how hard the medie tries to portray a national real estate market, there really is no such thing.
The various regions of New Hampshire are all quite varied, and even here in the Seacoast areas of NH and southern Maine, real estate activity varies from town to town.
This real estate market report focuses on the NH Seacoast towns of Rye, North Hampton and Newcastle:
New Castle New Hampshire Homes – 2008 Real Estate Market Recap:
During the year (2008), 33 homes came on the market for sale, with an average asking price of $1,221,542. We saw 15 homes sell in New Castle during 2008. Those homes had an average selling price of $1,064,957, and it took an average of 182 days for those homes to sell. Sellers realized, on average, 92% of their last asking price.
Rye New Hampshire Homes – 2008 Real Estate Market Recap:
2008 saw 130 homes in Rye NH come on the market, with an average asking price of $949,368. Seventy Rye homes sold in 2008, and the average sold price was $656,333. The average days on the market for those homes that sold in Rye last year was 136 days, and sellers in Rye received an average of 92% of their last asking prices.
North Hampton New Hampshire Homes – 2008 Real Estate Market Recap:
North Hampton NH homes for sale during 2008 totalled 91 homes, with an averaga asking price of $802,908. We saw only 35 homes in North Hampton sell last year, with an average selling price $726,320. Those homes that sold last year took an average of 202 days, and those sellers received an average of 90% of their last asking price.
To read more about the real estate markets in the Seacoast NH and Maine towns:
Seacoast NH and Maine Real Estate Market Reports
Are you thinking about buying or selling homes or condos in the Portsmouth NH area?
Buying Real Estate in the NH Seacoast Areas
Selling Real Estate in the NH Seacoast Areas
Want more information on the New Hampshire or Maine real estate market? Have questions about the buying or selling process? Give me a call or send me an email and let’s talk real estate!
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
December 21, 2008 by Ann Cummings
Filed under RE Market Reports
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
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.
Portsmouth NH – Fall’s Spectacular Show!
November 2, 2008 by Ann Cummings
Filed under Area Tours, Blog, Featured, Portsmouth
Portsmouth NH – Living Among Mother Nature’s Fall Beauty!
Portsmouth NH is just such a great place to live and call home, for so many reasons! And one more to add to those reasons is the beautiful show Mother Nature puts on for us every year. This year seemed especially vibrant – brilliant reds, fiery oranges and the brightest yellows – just glorious to see in person.
I put together this show for those who don’t live here and didn’t get a chance to enjoy what we got to see right out own windows. And if you already live here in the Seacoast area of New Hampshire, I hope you enjoy seeing all over again what we saw for several weeks right here!
To see other shows/tours of the Portsmouth NH area, click on this link and enjoy! Portsmouth New Hampshire Area Tours
If you’d love to be living here in the coastal areas of New Hampshire and southern Maine, I’d love to help you do just that!
If you’re interested buying or selling Portsmouth NH real estate, call me today at 1-888-349-5678 ext 3839, or send me an email, and let’s talk real estate!
Would 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!
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.
