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
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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 – Homes Sold in May 2009

 

Portsmouth New Englander Style Home

Our local Portsmouth NH real estate market has been showing an active pace for the last few months, and we had some great sales this month.

If you’re curious about which homes sold and what the details were on those sales, check out the Portsmouth homes sold information below:

 
 

Homes Sold Portsmouth NH – May 2009

1483 Islington St – list price $169,900 – sold price $170,000 60 days on the market
450 Middle Rd – list price $183,000 – sold price $174,000 107 days on the market
261 Raleigh Way – list price $199,900 – sold price $195,000 167 days on the market
32 Mariette Dr – list price $229,900 – sold price $219,900 52 days on the market
16 McDonough St – list price $234,432 – sold price $199,000 126 days on the market
5 Osprey Dr – list price $234,900 – sold price $228,000 194 days on the market
287 Austin St – list price $260,000 – sold price $247,000 160 days on the market
1 Garden St – list price $263,500 – sold price $235,000 105 days on the market
181 Grant Ave – list price $274,900 – sold price $278,500 81 days on the market
77 Burkitt St – list price $319,000 – sold price $304,500 130 days on the market
33 Cliff Rd – list price $324,900 – sold price $305,000 373 days on the market
150 Buckminster Way – list price $414,900 – sold price $396,666 319 days on the market
202 Dennett Rd – list price $419,900 – sold price $400,000 60 days on the market
536 Marcy St – list price $442,000 – sold price $446,000 68 days on the market
281 Sagamore Ave – list price $577,000 – sold price $525,000 124 days on the market

Portsmouth NH Cape Style Home - Ann Cummings 2007

The homes sold in Portsmouth for the month of May had an average asking price of $303,209 and an average selling price of $288,238.  The average days on the market on those sold homes was 101 days.  Sellers received an average of 95% of their last asking price.

We currently have 57 homes for sale in Portsmouth, with an average asking price of $680,651.

 

If you’re looking to buy a home in Portsmouth, your dream home may well be for sale now!  I’d be happy to send you a list of Portsmouth homes for sale, and as your Portsmouth NH REALTOR I can help you find that special home just for you – I love helping people find their piece of the American dream of homeownership!

 

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 Portsmouth NH real estate!

 

 

 Click here to search homes and condos for sale in NH and Maine      Contact Ann Cummings New Hampshire REALTOR

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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!

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!

Portsmouth NH Homes Sold Activity – 1st Quarter 2009

Portsmouth New Hampshire Homes
Sold Activity

1st Quarter of 2009

The Portsmouth NH real estate market is always abuzz with people wanting to know what’s going on, how’s the activity, what’s sold and for how much.  After all, almost everyone is interested in real estate, and as the real estate markets go, typically so goes most other things in the economy.

So, how’d we do in the Portsmouth real estate market for the 1st quarter of this year?  Check out the stats below:

  • 57  —  homes currently for sale in Portsmouth
    114  —  average days on the market for homes currently for sale
  • 18  —  homes currently sale pending in Portsmouth
    161  —  average days on the market for homes currently pending
  • 17  —  homes sold in Portsmouth
    129  —  average days on the market for those homes that sold

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  • Currently, the average asking price on homes for sale in Portsmouth NH is $461,802.
  • The average asking price on those homes in Portsmouth that are currently sale pending was $333,850.
  • The average asking price for those homes sold in Portsmouth for the 1st quarter of 2009 was $313,276.
    The average selling price of those homes that sold was $290,235.

For the 1st quarter of 2009, Portsmouth NH home sellers received, on average, 93% of their last asking price as their final selling price.  For example, a home priced at $450,000 would have sold for $418,500, 93% of the asking price.

January home sales in Portsmouth    —  6 homes
February home sales in Portsmouth  —  3 homes
March home sales in Portsmouth        —  7 homes

The market seems to be picking up at this point.  Lots of properties for sale are getting a lot more showings than they’ve had over the last few months, and buyers are getting back out and looking for that special home or condo in Portsmouth that meets their needs.  If you have your home or condo for sale, make sure you do all you can to make it stand out to those buyers who are actively in the market to buy!

If you’re interested in buying or selling real estate in the Portsmouth NH area, give me a call – I’d love to help make your goals become a reality for you!

Send me an email or give me a call (1-888-349-5678 ext 2829) – 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!


Call TODAY and let’s get started finding you that perfect home or condo!


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

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

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!

Portsmouth NH Homes Sales – 10 Year History

Portsmouth New Hampshire Homes Activity from 1998 through 2008 – A Look Back

For those who like to keep on top of the pulse of the local Portsmouth real estate market, looking back at the total sales for each of the last ten years will be interesting.

This chart shows the total  number of homes sold in Portsmouth NH during each of the last 10 years.

portsmouth-nh-homes-sold-1998-through-2008-ann-cummings-copyright1

Charts are more visually appealing for many people, and you can see from this chart that the total number of Portsmouth homes sold last year, 2008, is lower than any other year in the past 10 years.

The average sales price during those 10 years varies widely.

  • 1998      197 homes     $181,645
  • 1999      211 homes      $213,247
  • 2000     183 homes     $258,756
  • 2001     196 homes      $278,421
  • 2002     197 homes     $296,840
  • 2003     208 homes     $324,168
  • 2004     192 homes     $387,491
  • 2005     182 homes     $436,140
  • 2006     143 homes     $375,035
  • 2007     175 homes     $369,899
  • 2008     128 homes     $354,976

Price-wise, the average selling price of Portsmouth homes is back to the late 2003 and early 2004 selling prices.  If you see a home today that you love and would like to own, this may just be the perfect time for you to get out there in the market.  Take advantage of today’s pricing and  the low interest rates!

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 area!

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

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

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!