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Dover New Hampshire Real Estate Market 2007 Recap

By
Real Estate Agent with RE/MAX Shoreline - NH and Maine NH and Maine Broker

Dover NH Homes | Dover NH Condos

Dover NH - Beautiful Victorian Style Home - Ann Cummings 2007

Dover NH real estate 
market showed some strong activity during 2007.  Average sales prices increased in homes and condos, average list-to-sell ratios stayed strong, and days on the market remained about the same as in the previous year.  The were fewer homes for sale, and yet there were more homes that sold in 2007 than 2006.

This certainly sounds like a fairly robust market to me!  Especially when you compare it to all the negative news media reports about how down and dour real estate is.


 

DOVER NEW HAMPSHIRE Real Estate Market Information for 2007:

Dover NH Homes Sold Graph 2006-2007

  • In 2006, there were 533 Dover NH homes offered for sale, and in 2007, we saw 434 homes offered for sale.  The average asking price in 2006 was $384,177, and the average asking price in 2007 was $359,899.

  • The average sold price of homes in Dover for 2006 was $309,909, and there were 240 homes that sold that year.  In 2007, the average sold price was $323,372, and there were 246 homes that sold this past year.

  • Average days on the market in 2006 was 90 days, and it was 101 days in 2007.  Sellers received an average of 97,8% of their last asking price as their final sold price in 2006.  And in 2007, sellers realized 97.1% as their final sold price.

Dover NH Condos Sold 2006-2007

  • The number of Dover NH condos offered for sale in 2006 was 289, with an average asking price of $200,635.  In 2007, we saw 223 condos offered for sale, and the average asking price of those condos was $291,981.

  • In 2006, there were 202 sold condos in Dover, and in 2007, we saw 143 condos sold.  The average sold price in 2006 was $160,087, and the average sold price in 2007 was $188,893.

  • Average days on the market in 2006 was 96 was days and it was 118 days in 2007.  Sellers realized 98.1% of their last asking price as their final sold price in 2006, and in 2007, they received the same percentage, 98%, as their final selling price.

Dover NH Multi-Family Properties Sold 2006-2007

  • In 2006, we saw 103 multi-family properties come on the market for sale, and those had an average asking price of $420,733.  In 2007, we saw 57 multi-families offered for sale, with an average asking price of $335,267.  This was a big difference, both in the number sold and in the average selling price.

  • The average sold price in 2006 was $306,737, and there were 50 multi-family properties sold that year.  In 2007, we saw 46 multi-family properties sell with an average sold price of $380,776.  That's a nice little increase in the average selling prices from 2006 to 2007!

  • Sellers received 95.9% of their last asking price as their final sold price in 2006, and it took an average of 107 days to sell.  In 2007, sellers realized 94% as their final sold price, and the average days on the market was 109 days.  These numbers remained pretty stable over the last 2 years.

  Gorgeous Colonial Style Home in Dover NH   The Wisteria Inn in Dover NH - Ann Cummings 2007   Dover NH Victorian Style Home - Ann Cummings 2007

Once again, information like this proves that all real estate is VERY LOCAL, and that the media that continues to harp on a 'national real estate market' really need to get a clue and understand that there is NO SUCH THING

It's really very important for consumers to speak to a local real estate expert, and disregard the broad brush the news continues to paint all of us with.  We have good news in the real estate industry right here in our own backyard!

Dover Point in Dover NH - Looking at Bridge Crossing Great Bay Going Towards Portsmouth - Ann Cummings 2007

Dover is just northwest of Portsmouth, and actually has a larger population base than Portsmouth does.  The University of NH is in the next town over, in Durham.  The downtown area of Dover is a great walking area, with a number of restaurants and shops to visit, as well as a waterfront park where all kinds of fun entertainment and community events are held.

If you're interested in learning more about Dover and/or would like make Dover your next home, let me know - I'm happy to offer my services for your real estate needs!

 

              Search Homes Condos For Sale in NH            Contact Ann Cummings

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  Ann Cummings
  RE/MAX Coast to Coast
  Portsmouth NH
  ann@anncummings.com
  888-349-5678 x 3839
  Servicing the Coastal Areas of NH & Southern Maine                    REALTOR

                                       Ann Cummings New Hampshire REALTOR

Posted by

Ann CummingsREALTOR, e-PRO, GRI, CBR

Ann Cummings and Jim Lee formed a team in July of 2010.
Each bring over 30 years of successful real estate experience to the table so with Ann and Jim you truly do get two Realtors for the price of one. We’re dedicated to delivering exceptional service to you our clients and customers; past, present, and future.

Jim LeeCRS, ABR, GRI, e-PRO

Comments (6)

Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Ann--I love that house photo at the top of this market report! Looks like Dover NH is holding its own...Real estate is local and your report gives those in your market the information they need. Good post!
Feb 03, 2008 03:09 AM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Teri - isn't that just a gorgeous house?  It's even more beautiful to see it in person.  Some day I hope to get to see the inside - I'm sure I'll be drooling all the way through it.  I just love that style of home.

Real estate really is so very local, and it's so important to connect with a local professional real estate agent to get the real scoop on the market instead of relying on the news and the national media.  They're clueless when it comes to the local markets and what's going on there.

Thanks for reading and commenting!
Ann

Feb 03, 2008 03:20 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland
We have the same thing here.  Some counties and some areas of some counties ar moving.  Some are not. 
Feb 03, 2008 06:45 AM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Lenn - I've a feeling that's the way it is in many areas around the country.  Thanks for reading!

Ann

Feb 03, 2008 07:29 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ann there is a house just before I get to Church that looks almost identical to the one at the top of this post, it is a beautiful old house.

And ooooohhhhh yes great data, and yep I still love the graphs :) 

Feb 03, 2008 08:28 AM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

the old stately homes on silver street, especially, had outstanding charactor. but they were not just on silver, they were spread throughout the town.

dover sells. always has, always will.

dover high class of 1970

Feb 16, 2008 10:54 AM