Portsmouth NH Real Estate Market Report 2010 vs 20111

Portsmouth North Church

Portsmouth NH Real Estate

Home sales in Portsmouth New Hampshire were up close to 8% over 2010 home sales. Prices were up a whopping 12.8% far exceeding the statewide averages. It also took 10 days less on average to sell a home in 2011 as compared to 2010.  Portsmouth is a desirable city to live in and one that has maintained its value both in terms of pricing and lifestyle.

Portsmouth NH is rich in the Lifestyle Meter

Portsmouth enjoys night life, fine dining, a quaint downtown that is very entertaining and a large commercial area with every large chain store imaginable and then some. Portsmouth Harbor is  deep water port with boating and seafaring and the smell of salt in the air. Portsmouth is rich in the Lifestyle Meter and offer a variety of homes and prices for sale.  Enjoy a Playlist of the NH Seacoast Area including Portsmouth NH Videos by clicking here>>  NH Seacoast Video Playlist

 

Portsmouth NH Home Sales 2010 vs 2011

Price$/Sq.Ft.Days on Market
TotalAverageMedianAverageMedianAverageMedian
Homes sold in 2010 129


$394,414 $345,000 $218 $21514792
Homes sold in 2011 140
$452,427 $312,500$3,014 $208137104

NH Real Estate Professionals Jay and Monika McGillicuddy

Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

Showing properties 1 - 10 of 71. See more city of Portsmouth real estate.
(all data current as of 2/8/2012)

  1. 3 beds, 2 full baths
    Home size: 1,550 sq ft
    Lot size: 14,810 sq ft
    Year built: 2012
    Days on market: 1
  2. 3 beds, 1 full, 1 part baths
    Home size: 2,224 sq ft
    Lot size: 10,018 sq ft
    Year built: 1979
    Days on market: 8
    Walk Score®: 49
  3. 3 beds, 1 full, 2 part baths
    Home size: 1,729 sq ft
    Lot size: 13,068 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 8
  4. 4 beds, 3 full baths
    Home size: 2,600 sq ft
    Lot size: 7,840 sq ft
    Year built: 1812
    Parking spots: 2
    Days on market: 8
    Walk Score®: 74
  5. 3 beds, 1 full bath
    Home size: 1,094 sq ft
    Lot size: 6,969 sq ft
    Year built: 1940
    Days on market: 9
    Walk Score®: 17
  6. 5 beds, 3 full baths
    Home size: 2,289 sq ft
    Lot size: 15,246 sq ft
    Year built: 1900
    Parking spots: 6
    Days on market: 10
    Walk Score®: 80
  7. 0 beds, 0 baths
    Home size: 2,993 sq ft
    Lot size: 4,791 sq ft
    Year built: 1950
    Parking spots: 6
    Days on market: 15
    Walk Score®: 85
  8. 5 beds, 2 full, 1 part baths
    Home size: 10,533 sq ft
    Lot size: 15,681 sq ft
    Year built: 1962
    Days on market: 16
    Walk Score®: 92
  9. 2 beds, 1 full bath
    Home size: 900 sq ft
    Lot size: 10,018 sq ft
    Year built: 1966
    Parking spots: 4
    Days on market: 20
    Walk Score®: 25
  10. 2 beds, 1 full bath
    Home size: 684 sq ft
    Lot size: 2,178 sq ft
    Year built: 1919
    Parking spots: 1
    Days on market: 21
    Walk Score®: 31

Listing information deemed reliable but not guaranteed. Read full disclaimer.

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

Rye NH Real Estate Market Report 2010 vs 2011

Rye NHRye New Hampshire

Rye NH is one of those bedroom communities where if you blink you would miss the town center. But, if you were to drive along the coast you will never forget the dramatic views of the rocky shoreline or the majestic view of the Isles of Shoals as it sits awaiting your visit about 10 miles off shore.

Driving along coastal route 1A in Rye you can see some of the most prettiest views you will see along the east coast. Monika and I usually try to make a drive along the coast at least once a month during the winter and twice to three times during the warm summer months. It can be really beautiful as you pull off to some of the vista view points on a warm summer breezy evening and sit and watch the waves crash along the jagged rocks along the coastline. The smell of the salt air and low tide brings a whole new meaning to way life should be. You have to love the ocean to know what I mean.

Rye NH Real Estate Market

As we finished 2011 we reflect back on the home sales for Rye and we compare them to the home sales of 2010. Home sales in 2011 were up 4% over home sales in 2010. But, home sale prices were down 12.5% from 2010 to 2011. Days on the market were down 6% which is a good thing for sellers. With prices down and interest rates at historic lows we look for another great selling season in southern New Hampshire.

Rye NH Home Sales 2010 vs 2011

Price$/Sq.Ft.Days on Market
TotalAverageMedianAverageMedianAverageMedian
Homes sold in 2010 73


$736,675$575,000$287$284179107
Homes sold in 2011 76
$644,616 $505,000$263 $220168132

NH Real Estate Professionals Jay and Monika McGillicuddy

Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

 

Showing properties 1 - 10 of 45. See more city of Rye real estate.
(all data current as of 2/8/2012)

  1. $259,900 : 5 Oral Lane, Rye
    3 beds, 1 full bath
    Home size: 968 sq ft
    Lot size: 14,810 sq ft
    Year built: 1950
    Days on market: 282
    Walk Score®: 23
  2. 3 beds, 1 full, 2 part baths
    Home size: 2,084 sq ft
    Lot size: 1.42 ac
    Year built: 1920
    Parking spots: 6
    Days on market: 48
    Walk Score®: 28
  3. 2 beds, 1 full bath
    Home size: 1,518 sq ft
    Lot size: 1.01 ac
    Year built: 1911
    Days on market: 97
    Walk Score®: 38
  4. $365,000 : 10 West Road, Rye
    3 beds, 1 full, 1 part baths
    Home size: 1,844 sq ft
    Lot size: 12,632 sq ft
    Year built: 1955
    Parking spots: 2
    Days on market: 321
    Walk Score®: 23
  5. 3 beds, 1 full, 1 part baths
    Home size: 2,052 sq ft
    Lot size: 16,988 sq ft
    Year built: 1955
    Days on market: 248
    Walk Score®: 9
  6. 3 beds, 1 full bath
    Home size: 840 sq ft
    Lot size: 1.41 ac
    Year built: 1880
    Parking spots: 4
    Days on market: 64
    Walk Score®: 6
  7. 3 beds, 1 full, 1 part baths
    Home size: 2,415 sq ft
    Lot size: 10,890 sq ft
    Year built: 1956
    Parking spots: 2
    Days on market: 52
    Walk Score®: 22
  8. $419,900 : 19 Triton, Rye
    3 beds, 1 full, 1 part baths
    Home size: 1,378 sq ft
    Lot size: 7,405 sq ft
    Year built: 1950
    Days on market: 206
    Walk Score®: 9
  9. 4 beds, 2 full baths
    Home size: 2,332 sq ft
    Lot size: 3.05 ac
    Year built: 1801
    Parking spots: 6
    Days on market: 34
    Walk Score®: 12
  10. 4 beds, 2 full, 1 part baths
    Home size: 2,676 sq ft
    Lot size: 32,234 sq ft
    Year built: 1954
    Parking spots: 2
    Days on market: 56
    Walk Score®: 22

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

North Hampton NH Real Estate Market Report 2010 vs 2011

North Hampton NH Real Estate Market Update

North Hampton is just north of Hampton Beach and is an upscale community where home prices are 43% higher than Hampton, NH.

North Hampton New Hampshire home sales were up 4.8% but home sale prices were down 11.5%. Days on the market actually decreased on average by 13 days.  So real estate sells faster in North Hampton, there were more sales but prices were down in comparison to 2010.

North Hampton NH Home Sales 2010 vs 2011

Price$/Sq.Ft.Days on Market
TotalAverageMedianAverageMedianAverageMedian
Homes sold in 2010 39


$647,228$575,000$182$170190146
Homes sold in 2011 41

$572,812 $435,000 $5,664$179177100

 NH Real Estate Professionals Jay and Monika McGillicuddy

Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika 

Prudential Verani Realty

603-926-3648 office

Looking for North Hampton NH real estate or if you’d like to sell your North Hampton NH Real Estate please give us a call at 603-944-9172.

Showing properties 1 - 6 of 40. See more city of North Hampton real estate.
(all data current as of 2/8/2012)

  1. 3 beds, 2 full, 1 part baths
    Home size: 3,798 sq ft
    Lot size: 30,492 sq ft
  2. 4 beds, 2 full, 1 part baths
    Home size: 3,781 sq ft
    Lot size: 2.39 ac
  3. 5 beds, 3 full, 1 part baths
    Home size: 4,648 sq ft
    Lot size: 3.00 ac
  4. 3 beds, 1 full bath
    Home size: 1,028 sq ft
    Lot size: 4,356 sq ft
  5. 3 beds, 1 full bath
    Home size: 1,104 sq ft
    Lot size: 22,215 sq ft
  6. 3 beds, 2 full baths
    Home size: 1,512 sq ft
    Lot size: 10,890 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

NH Real Estate | Past trends & future prospects for New Hampshire Real Estate

REALTOR trends reportNew Hampshire Real Estate Market Trends Report

The New Hampshire Association of REALTORS (NHAR) publishes a market trend report written by Peter Francese and it is reprinted  below with permission from NHAR.  Your comments are welcome… would love to hear your opinions.

Past trends & future prospects for New Hampshire real estate

By Peter Francese

Having the first presidential primary and the associated worldwide press coverage might be good for New Hampshire real estate. Most press commentary on our state appeared to be quite positive, which has not been the case in some other states.

However, the past several years here have not been kind to either home sales or home prices. (Please see charts 1 and 2 below.) Since 2007, annual residential home sales in New Hampshire have been below 11,000, condo sales have been below 3,000, and mobile or manufactured home sales have been below 1,000.  Meanwhile, home prices for all types of dwellings have been flat or trending down for each of the past five years.

Residential homes have been about three-quarters of all home sales over the past five years, and in general their selling prices fell more rapidly than unit sales. The 10,700 residential homes sales in 2011 were only 11 percent below sales for 2007, but median home price dropped 23 percent in that five-year period.

For condominiums, which were 18 percent of all homes sold, sales in 2011 were 39 percent below those in 2007. But during the past five years, their median selling price fell only 18 percent. As a result, the median selling price of a New Hampshire condo in 2011 ($155,000) was 77 percent of the $201,700 median selling price for a residential unit.

Looking at the lack of sales growth and absence of any price appreciation over the past five years, as seen in Charts 1 and 2, the obvious question is this: What must happen to change this pattern over the next five years?

New Hampshire has several key economic advantages over other states in New England and the nation. We have the fourth lowest unemployment rate in the nation at 5.2 percent (compared to 8.7 percent for the country) and by far the highest index of economic activity in this region, and ours is a full 20 percent above the national index.

Our state also has the seventh-highest median household income ($61,000, compared to $50,000 nationwide in 2010), as well as the nation’s lowest crime rate and one of the nation’s lowest personal tax rates that leads to low average business costs.

But we’ve had those advantages for some time, and the best we can say is that without them, things would likely have been much worse. Despite New Hampshire’s considerable economic advantages, there were 10,000 fewer workers in our state in 2011 than there were in 2007. After increasing early in the past decade, labor force growth in New Hampshire has been virtually stagnant over the past five years.

The most recent Census Bureau estimates reveal that since the 2010 Census was taken, New Hampshire has had a net loss of over 3,600 people to other states and that our overall population growth rate, which used to be over 1 percent per year, is now one-tenth of one percent per year. Over the past decade, our state lost 22,000 children and 60,000 young adults while gaining 65,000 residents ages 60 or older.

The bottom line is this: Our state needs more young people and more housing that they can afford. Why? Because long-term housing demand is fueled by young adults starting new families and buying homes. Our state is very attractive to retirees and second home owners, but has not been so attractive or welcoming to young families.

Portsmouth was recently written up in a national magazine as one of the best, and cheapest, places in the nation to retire. That’s nice. But it would be so much better for home sales and home prices if our state could somehow get written up as a great place to live as a young person and raise a family.

Before the next presidential primary, perhaps a consortium of organizations here might think about creating a multi-year online promotional campaign that would describe the opportunities New Hampshire has for young adults and talk about all the reasons why our state is such a fine place to raise a family.

Over the past decade, new housing in New Hampshire has favored anyone over age 55. Perhaps if over the next decade new housing favored younger people, we just might see a more positive trend in home sales and home prices.

Table 1 below shows that between 2010 and 2011, the number of homes sold increased in five counties, but decreased in five with no discernible pattern. Statewide, the number of residential homes sold edged up 2 percent, but the median selling price of those homes slipped 6 percent. Condominium sales were down 3 percent, and median selling price in 2011 was 6 percent below 2010.

Median residential selling price declined in every county except Belknap and Grafton, where prices edged up a fraction of one percent. Condo median selling prices dropped everywhere except in Rockingham County.

Perhaps a reason for home sales increasing the most since 2010 in Carroll, Belknap and Rockingham County is the high density of second homes. They are 42 percent of all dwellings in Carroll, 28 percent in Belknap and 26 percent in Rockingham County. According to a special tabulation of data from NNEREN, the statewide multiple listing service, one in three homes sold in Carroll County in 2010 was purchased as a second home.

As soon as the full 2011 buyer origin data on home buyers is published by NNEREN later in January, we will post a special report on the NHAR website discussing out-of-state buyers and second-home buyers in 2010 and 2011.

2011 NH residential (non-condominium) sales

CountyUnits Sold in 2011% Change 2010/2011Average Sales Price in 2011% change 2010-2011
Belknap680




2%$180,9021%
Carroll766




7%$180,000-5%
Cheshire594





2%$154,450-5%
Coos296





-5%$77,250-9%
Grafton697





-6%$175,000.3%
Hillsborough2,722





2%$214,080-8%
Merrimack1,109




-1%$183,400-6%
Rockingham2,552





5%$250,000-6%
Strafford943
-1%$ 185,000-8%
Sullivan355





1%$139,500-10%
Statewide10,714





2%$201,700-6%

2011 NH Condominium (non-residential) sales

CountyUnits Sold in 2011% Change 2010/2011Average Sales Price in 2011% change 2010-2011
Belknap150










1%$125,000-8%
Carroll133






-2%$165,000-6%
Cheshire31









-37%$160,000-4%
Coos18











50%$285,000-9%
Grafton255










-12%$173,000-4%
Hillsborough864









-6%$148,500-7%
Merrimack211









15%$126,900-15%
Rockingham720











-4%$180,0001%
Strafford145






5%$121,000-12%
Sullivan22











83%$192,500-21%
Statewide2,549











-3%$155,000-6%

 

Source: NNEREN

NHAR columnist Peter Francese is a demographic trends analyst for MetLife Mature Market Institute and a demographic forecaster for the New England Economic Partnership. His most recent book, with co-author Lorraine Stuart Merrill, is titled Communities & Consequences, and is on the future of New Hampshire.  Francese is the recipient of the Silver Bell Award from the Advertising Council for distinguished public service and is a graduate of Cornell University. He can be reached at peter [at] francese [dot] com.

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

Hampton NH Real Estate Market Report 2010 vs 2011

Hampton New Hampshire

Hampton New Hampshire lies just north of the Massachusetts border on route 1 and route 1A. Easily accessible from Interstate 495 and state route 101 Hampton NH is the play land for New England residents as Hampton Beach has been a great destination for a lot of people for decades.

Childhood memories, salt in the air and walking the jetty

Even when I was a kid we visited Hampton Beach during the summer months a lot and I just loved smelling the salt air and loved the long walks at low tide and walking along the jetty wall watching the fisherman leaving and returning from their daily fishing trips.

Hampton NH Real Estate Market Report 2010 vs 2011

2011 was a decent year for Hampton NH home sales when comparing to 2010. Over all Hampton home sales were up in 2011 by 7.5% over 2010. Home sale prices were also up 2.5%.  But days on the market increased  by 21 days on average in 2011 so it took 3 weeks longer to sell a home in 2011 than it did in 2010.

Hampton NH Real Estate market seems fairly healthy so if you’re thinking of selling your Hampton NH home or looking to buy one, please consider giving us a call at 603-944-9171.

Hampton NH Home Sales 2010 vs 2011

Price$/Sq.Ft.Days on Market
TotalAverageMedianAverageMedianAverageMedian
Homes sold in 2010 124

$315,575$297,400$182$160158116
Homes sold in 2011 134


$323,780 $279,750$740$163179122

 

Full moon rising video at Hampton Beach

Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika or call or text at 603-548-7728

Prudential Verani Realty

603-327-0246 office direct

603-926-3648 office

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

Seabrook New Hampshire Real Estate Market Report 2011 vs 2010

Seabrook NH Real Estate MarketSeabrook New Hampshire Real Estate Market Report 2011 versus 2010

Seabrook is a small New Hampshire border town that boasts a thriving Maine Street (Rte 1) with just about any kind of store imaginable, it’s location is ideal for those loving the beach life, fine dining and an easy Massachusetts commute.   Seabrook beach is often referred to as a “hidden gem” and trust me when I say that phrase is so true.

NH Seacoast Area

Rte 1A ( the coastal route) north from Massachusetts winds through Seabrook and on up the NH Coastline. Seabrook only has a few miles of shore line but it is a lovely stretch of sandy beach.   Seabrook real estate is very diverse from entry level housing to mega priced beach front homes.  As you can see from the chart below there were 59 homes sold in 2010 compared to 56 in 2011.  It will be interesting to see what 2012 brings to the Seabrook NH real estate market but all indications are that rates and sales will increase.

Ready to buy or sell a Seabrook NH home

Are you ready to buy in Seabrook or anywhere in Southern NH and the Seacoast area… if so please call us at 603-944-9172 we’d love to help you do just that.  Looking to sell your Seabrook or Southern NH and the Seacoast area… call us at 603-944-9172 and see how our unique marketing approach can help you get a SOLD sign on your home.

Seabrook Real Estate Market Report

Seabrook NH Home Sales 2010 vs 2011

Price$/Sq.Ft.Days on Market
TotalAverageMedianAverageMedianAverageMedian
Homes sold in 2010 59

$327,589$319,000$165$165154118
Homes sold in 2011 56
$335,540$292,750$163$148197134

 

A taste of  the Seabrook NH area Videos by Monika McGillcuddy

Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika or call or text at 603-548-7728

Prudential Verani Realty

603-327-0246 office direct

603-926-3648 office

Showing properties 1 - 8 of 66. See more city of Seabrook real estate.
(all data current as of 2/8/2012)

  1. 3 beds, 1 full bath
    Home size: 1,268 sq ft
    Lot size: 4,791 sq ft
  2. 4 beds, 2 full, 1 part baths
    Home size: 3,560 sq ft
    Lot size: 6,969 sq ft
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,246 sq ft
    Lot size: 38,768 sq ft
  4. 3 beds, 1 full bath
    Home size: 1,992 sq ft
    Lot size: 30,056 sq ft
  5. 3 beds, 1 full, 2 part baths
    Home size: 2,760 sq ft
    Lot size: 4,791 sq ft
  6. 4 beds, 2 full, 1 part baths
    Home size: 2,450 sq ft
    Lot size: 8,712 sq ft
  7. 3 beds, 2 full, 1 part baths
    Home size: 2,290 sq ft
    Lot size: 16,988 sq ft
  8. 2 beds, 1 full bath
    Home size: 1,308 sq ft
    Lot size: 2.10 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

NH Real Estate Professionals Jay and Monika McGillicuddy


Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.

Jay and Monika McGillicuddy, NH REALTORS

603-944-9172 direct

E-mail Jay and Monika

Prudential Verani Realty

603-926-3648 office

Copyright 2012 Northern New England Real Estate Network, Inc. All rights reserved.

This information is deemed reliable, but not guaranteed

The data relating to real estate displayed on this web site comes in part from the IDX Program of NNEREN

Data last updated 2/8/12 6:45 PM PST


Broker-eciprocity This IDX solution is (c) Diverse Solutions 2012.