Portsmouth NH is a great condo area, with a wide variety of condos and price ranges to offer. We have condominium complexes that were built new as condos, and we have also have condo conversions, which are typically large older homes or buildings that have been converted from their previous uses into condominiums.
Portsmouth NH Condos For Sale
We currently have 68 condos for sale in Portsmouth, and those prices range from $90,000 to $1,409,400. The average asking price of those Portsmouth condos is $466,792, and the price per square foot of those condos on average is $320/sf. The average days on the market right now is running about 195 days.
In the last 6 months, we had 57 condos sold in Portsmouth, and the prices of those sold condos ranged from $99,900 to $1,451,200. The average asking price of those condos that sold in that time frame was $364,424 and the average selling price of those Portsmouth condos was $344,407. The average days on the market for those condos ran about 165 days, and those sellers received on average 95% of their last asking price.
Portsmouth New Hampshire Condos Absorption Rate
The current rate of sales of condos in Portsmouth is about 9 sales a month, and based on that, we have about a 6 1/2 month supply of condos on the market in Portsmouth. That number is referred to as the Absorption Rate, and it means that at the current pace of sales, we have about a 6 1/2 month supply on hand, assuming no other condos in Portsmouth came on the market for sale.
If you’re an owner of a Portsmouth condo and you’re thinking about selling, you need to keep that number – the Absorption Rate – in mind. In order to get your condo sold at a faster pace than the current time frame, it’s important that you work with a local REALTOR who knows the Portsmouth real estate market and who can help you strategically position your condo to beat the rate of absorption.
My partner, Jim Lee, and I live and work right here in Portsmouth, and we have our fingers on the pulse of the local Seacoast market – let us put our knowledge and successful track record to work for you. Read and hear what our clients have said about our services – Client Stories.
Consider it SOLD – start packing!!
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!
Portsmouth New Hampshire is a beautiful small working seaport – so much to see and do along the water and in our fun downtown area!
The ever-changing scenery along the water brings tourists and residents alike to our waterfront to see what’s new on a daily basis. We’re famous for our Moran Tugs, shown in this picture. These tugs work round the clock, and escort every ship and tanker in from the harbor to our docks, and then back out to the mouth of the harbor to continue their ocean journeys.
Downtown Portsmouth Waterfront Condos
Along the water downtown, we have a nice variety of condominiums with amazing waterfront views. The prices for downtown Portsmouth waterfront condos currently being offered for sale vary from $649,000 to $1,409,000. Some of these wonderful condos have decks and some have boat dock space.
The building behind the boats and docking in this picture has some beautiful condos in it, all have direct waterfront views, balconies and all the downtown activities right there to enjoy.
Downtown Portsmouth Living
The downtown area of Portsmouth offers a great variety of restaurants, cafes, and coffee shops to enjoy for breakfast, lunch and dinner. We also have a very nice selection of shops, boutiques, and galleries of all types, and our beautiful waterfront park, Prescott Park, offers all kinds of fun during the warmer months.
Make Portsmouth NH YOUR Home!
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give us a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate! My husband, Jim Lee, and I work as a team, so you’ll have 2 of us on your side working to find you that perfect home that best fits your needs.
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:
- Portsmouth Homes listed for sale — 20 homes came on the market in April
- 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
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:
- Portsmouth Condos listed for sale — 23 condos came on the market for sale
- 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
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!!
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.”