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Hampton NH Real Estate Market Update - Q1 2008

By
Real Estate Agent with Keller Williams Coastal Realty

New Hampshire Marine Memorial at Hampton BeachWhen I think of Hampton NH, it is the beach that forms my memories. Going on vacation with my Mother and Grandmother Helen to enjoy the boardwalk fry doe and the large expanse of white sand. One of my earliest memories is the statue of a woman as she looks out to sea. This is the New Hampshire Marine Memorial to sailors lost at sea. Alice Cosgrove created the sculpture from 17 tons of Vermont Granite. The base of the statue reads "Breathe soft, ye winds, Ye waves in silence rest." Part of a poem by John Gay.

Hampton sold 36 homes and condos in the first three months of 2008. This is in comparison to selling 46 during the same period of time in 2007. This equates to a 22% decline in total units sold. We also saw a record breaking winter for snow fall. We will have to wait through second quarter to see if this is a continuing trend or a function of the winter market.

The average sale price for 2008 was $318,452 - which is a 4.8% increase over the $303,740 average sale price seen in 2007. Days on market have increased slightly in 2008 - 172 average days on market vs. 166 in 2007.

There are currently 302 homes for sale in Hampton NH ranging in asking price from $149,900 to $1,795,000. And the excellent indicator of the increasing activity in this real estate market is that 31 homes are under contract as of this writing.

Hampton is a wonderful town for year-round or summer residents. There is quite a lot of diversity in the types of housing available from beach front to upscale condos to traditional homes.

Interested in living in Hampton NH? Search MLS

Visit The Seacoast Sold Report for more details on the Hampton real estate market and surrounding towns.

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Comments(2)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Good report for consumers. I see that the days on market has increased.
Apr 03, 2008 10:49 PM
Shannon Aldrich
Keller Williams Coastal Realty - Rye, NH
NH & Maine Real Estate Seacoast

Gita - Every town is different around here - Just goes to prove there is no "National Market" no matter what you hear on the news.

Apr 07, 2008 10:32 AM