Portsmouth NH Real Estate Market | Portsmouth Homes For Sale

 

Portsmouth NH Waterfront South End Homes

The Portsmouth New Hampshire real estate market is a busy market!

Even when the real estate market in other areas is slow there are still sales going here in Portsmouth.

 

 

 

 

Portsmouth NH Homes For Sale

Looking for a home in Portsmouth?  We have 74 houses currently for sale and here’s a breakdown of houses for sale by price range:

We have one waterfront home for sale in Portsmouth and it’s located at 363 Newcastle Avenue in Portsmouth.

Portsmouth NH Waterfront - Fishermans Coop Picture

If you’ve been thinking about buying a home or condo in Portsmouth or the general Seacoast areas of NH and southern Maine, this just may be the right time for you.   “Should I Buy Now? Yes!  And Here’s Why” will show you why the numbers seem to be indicating this very thing.

If you’d like to make your home here in the Seacoast areas of NH or southern Maine, let us know – we’d love to show you the area and help you find that special home just right for your needs.  We love living here in Portsmouth and we know you’ll love this area too!

 

 

Call us or email us – we’re here to help you with your real estate needs – ann@anncummings.com and jim@jimlee.com.  1—888-349-5678 ext. 3839 for Ann and ext. 3801 for Jim.

Ann Cummings and Jim Lee | Portsmouth NH REALTORS

Ann Cummings and Jim Lee, REALTORS
RE/MAX Coast to Coast
150 Mirona Road
Portsmouth NH  03801
603-431-1111 x 3839 and x 3801
Follow us on Twitter
Like us on Facebook
Search NH and Maine coastal real estate – Search NH and Maine real estate and feel free to set up real estate searches for your next home!

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!

Portsmouth NH Homes | Real Estate Market Status

How’s the real estate market?”   That’s a question we are often asked, as most people have an interest in real estate usually because they own real estate and/or they know how real estate markets seem to impact much of the economy.

The Portsmouth NH real estate market has been busy since before the Christmas holidays – lots of showings have been going on, offers written, many of them eventually turn into contracts after some challenging negotiating at times, and those contracts in turn lead to real estate being sold and changing ownership.  And that’s GREAT news!

 

Portsmouth NH Homes Real Estate Market - Supply and Demand Stats

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                          Chart supplied by Altos Research 4-2-2012

While we are still in a buyer’s market, there’s evidence that the market is slowly making some turns in the other direction.  The sales that are happening are taking place at a slightly higher pace than property coming on the market for sale is happening, as evidenced by the number of sales versus the number of homes coming on the market.  Demand is increasing, especially in certain locations, and days on the market are becoming shorter. 

Since we’re still in a buyer’s market, we’re not seeing prices increase overall as yet.  As the laws of supply and demand dictate, when demand continues and the supply isn’t keeping pace, prices will begin to turn in an upward direction and we’ll see a shift in the market toward a balanced market then into the direction of a seller’s market.

 

If you’ve been thinking about buying a home or condo in Portsmouth or the general Seacoast areas of NH and southern Maine, this just may be the right time for you.   “Should I Buy Now? Yes!  And Here’s Why” will show you why the numbers seem to be indicating this very thing.

If you’d like to make your home here in the Seacoast areas of NH or southern Maine, let us know – we’d love to show you the area and help you find that special home just right for your needs.  We love living here in Portsmouth and we know you’ll love this area too!

Call us or email us – we’re here to help you with your real estate needs – ann@anncummings.com and jim@jimlee.com.  1—888-349-5678 ext 3839 for Ann and ext 3801 for Jim.

                                     Ann Cummings and Jim Lee | Portsmouth NH REALTORS

Ann Cummings and Jim Lee, REALTORS
RE/MAX Coast to Coast
150 Mirona Road
Portsmouth NH  03801
603-431-1111 x 3839 and x 3801
Follow us on Twitter
Like us on Facebook
Search NH and Maine coastal real estate – Search NH and Maine real estate and feel free to set up real estate searches for your next home!

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!

Portsmouth NH Homes and Condos – April 2009 Market Update

Portsmouth New Hampshire Real Estate Market Update for April 2009

Everyone loves real estate and loves to know what’s going on in the marketplace, at least that’s how it seems!

How did we do in Portsmouth NH homes and condos for April?

Portsmouth NH Homes – April 2009 Real Estate Market Update:

  • Sale pending  —  12 homes went sale pending in April
  • Expired listings  —  9 homes expired from the market without selling
  • Homes Sold  —  9 homes sold during April

Portsmouth NH Homes South End

For those homes that came on the real estate market in Portsmouth during April, the average asking price was $705,084.  The average asking price of all the homes currently for sale in Portsmouth is $494,751, and the average days on the market is 121 days.

Portsmouth NH homes that were sale pending in April had an average asking price of $343,211, and the average days on the market for those homes was 67 days on the market.

Homes sold in Portsmouth during April had an average selling price of $346,556, and an average asking price of $357,511.  Those homes took an average of 181 days to sell.  Sellers of those homes that sold received, on average, 97% of their last asking price.

Portsmouth NH Condos – April 2009 Real Estate Market Update:

  • Sale Pending  —  9 condos went sale pending in April
  • Expired Listings  —  14 condos expired from the market without selling
  • Sold Condos  —  16 Portsmouth condos sold during April

Portsmouth NH Condos Townhouses

The average asking price of those Portsmouth condos that were listed for sale in April was $516,930, and the average asking price for all condos for sale in Portsmouth is $458,145. The average days on the market for this condos is 150 days.

Portsmouth NH condos that went under agreement/sale pending during April had an average asking price of 314,475, with an average days on the market of 90 days.

Condos sold in Portsmouth during April had an average selling price of $219,813.  The average asking price of those condos that sold was $303,825.  The condos that sold took an average of 175 days to sell.  Sellers of those sold condos received, on average, 96% of their last asking price.

To compare how April’s Portsmouth’s real estate activity was  with the 1st quarter activity, be sure to check out “Portsmouth NH Homes Sold Activity – 1st Quarter 2009

If you’re interested in buying or selling homes or condos in the Portsmouth NH real estate market, let me know. I love helping people achieve their real estate goals!

Do you have comments or questions about the Portsmouth NH real estate market?  Please feel free to leave a comment – I’d love to hear from you!

Give me a call or send me an email, and let’s get started!!

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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.

Send me an email or give me a call at 1-888-349-5678 ext 3839.

“Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2009 through April 30, 2009.”

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!

At HOME in Portsmouth New Hampshire

Portsmouth NH – A GREAT Place to Call HOME!

It’s really very easy to fall in love with Portsmouth New Hampshire, and the whole NH and Maine Seacoast area! We have so much to offer both residents and visitors alike.

Welcome to Portsmouth NH!
It’s really very easy to fall in love with Portsmouth New Hampshire, and the whole NH and Maine Seacoast area!

We have so much to offer both residents and visitors alike.  As a matter of fact, many buyers I’ve worked with over time initially came here as visitors, returning again and again, and then decided to make Portsmouth their primary home.

And it’s no surprise they do, if you ask me!   😉

Five GREAT reasons to make Portsmouth YOUR home:

~~  Portsmouth has a terrific location!

We are right here on the coast of New Hampshire, just 45 minutesNew Hampshire Seacoast - Sandy and Rocky Beach south of Portland Maine and 45 minutes north of Boston, Mass.  The closest snow skiing is an easy 30-40 minute drive to Gunstock Ski Mountain.  The coast, with our beautiful beaches and Atlantic Ocean, is right here at our doorstep.   We’ve got great highway access for all major commuter routes, airports in 3 cities are less than an hour’s drive and we have a small airport right here in Portsmouth, Amtrak rail service is just 15 minutes away.

~~  Portsmouth is just full of all kinds of things to do year-round!

We’ve got parks, multiple theaters and venues for all kinds of productions – plays, musicals, concerts, etc.  Loads of shopping abounds all over the place, and we’ve got just about every kind of dining right here in Portsmouth that you can think of!  Spring through Fall, our Seacoast Farmer’s Market runs every Saturday – a great place to buy fresh local produce, make new friends, and meet up with old friends.

~~  Portsmouth has great schools!

And those great schools include a beautifully renovated and expanded high school.  We have 3 wonderful elementary schools, serving the various neighborhoods around town.  And to add to all that our schools have to offer, we have a brand new beautiful library right next door to the Middle School.  In addition to our great schools right here, we’re only a few minutes away from the University of New Hampshire, located in Durham.  UNH has one of the prettiest college campuses you’ll ever see!

~~  Portsmouth offers great housing opportunities!

And we’ve got homes of all kinds, with a home to fit everyone’s needs.  Being in New England, we have all kinds of antique homes as well as lovely new construction homes, and everything in between.  We’ve got great condos – both conversions as well as newly built, in all price ranges.  We have plenty of homes for buyers to choose from, and with today’s interest rates what they are & prices a little lower than they were last year, it’s a GREAT time to be a buyer!

~~  Portsmouth‘s economic environment is great!

We’ve got many great businesses here in Portsmouth and the surrounding areas.  Over the last few years, a number of high-tech businesses have relocated to this area, causing this area to be dubbed the “e-Coast“.  Our downtown area has free wireless set up, a perfect environment for businesses and business people who love being downtown.  They are looking into expanding this further to encompass more of the downtown area as well going into some of the neighborhoods close to downtown.  Plus here in New Hampshire, we have NO income tax nor do we have a sales tax!!

Portsmouth NH - Prescott Park Gardens and Pier - Piscataqua River

There are so many other reasons to convince you Portsmouth is a great place to call home – you just have to come see for yourself why so many of us just love making our homes in Portsmouth!

Come to visit – come to STAY because you’ll want to make Portsmouth New Hampshire YOUR home!

Once you’re here, this area just makes you fall in love with it, and this just helps to make my job as your Portsmouth NH REALTOR that much more enjoyable to ensure you have as smooth a move as possible!

If you’re interested in buying or selling homes or condos in the Portsmouth NH real estate market, let me know.  I love helping people achieve their real estate goals!

Give me a call or send me an email, and let’s get started!!

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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.

Send me an email or give me a call at 1-888-349-5678 ext 3839.

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!

Portsmouth NH Homes – An Insulated Real Estate Market

Portsmouth New Hampshire real estate has fared far better than most of the country when it comes to foreclosures and median sales prices.

The years 2006 through 2008 have shown very little change in the number of foreclosures in Portsmouth NH, and has shown fairly stable median selling prices as well.  Several towns in the immediate Portsmouth area have actually shown an increase in the median sales prices in that time frame.

“Portsmouth is unique to the area.  It has pretty much remained strong throughout all of this.  They suffered a little, but for the most part Portsmouth is sort of an anomaly.  They set their own trends.”

This was quoted from the Portsmouth Herald, in an article in today’s Sunday Portsmouth Herald, “Portsmouth Bucks Nationwide Foreclosure Trend“.

Portsmouth NH’s unemployment rate has remained low, compared to unemployment rates around the nation.  The January rate was 4.8%, and the state rate was 5.7% with the county, Rockingham County, showing an unemployment rate of 6.1%.  The nationwide unemployment rate was 8.5%.

The foreclosure numbers for homes in Portsmouth were as follows:

  • 2006   10 foreclosures
  • 2007   14 foreclosures
  • 2008   13 foreclosures

The median sales prices for Portsmouth NH homes for 2006 and 2008:

  • 2006    $327,500
  • 2008    $325,000

The above numbers are sourced from The Portsmouth Herald, and the City of Portsmouth.
These numbers show that those who live in Portsmouth NH have fared better than most not only in the nation but around the state as well.   We do live in a fabulous place!
Are you looking to buy or sell real estate here in the Portsmouth NH area?  If so, send me an email or give me a call – I’d love to talk to you about the real estate market and your interest in buying or selling here in the Portsmouth NH real estate homes market!

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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!