Well, let's take a look at the numbers to see what has been happening in Portsmouth for single family and condominium sales:

2008 Q2

Total Sales 74 - Average Sale Price $351,409 - DOM 121

2007 Q2

Total Sales 106 - Average Sale Price $336,922 - DOM 133

The obvious is not as many homes sold this year compared to last year. Our total units sold is down 30.18% but lo and behold our sales price is up by 4.19% and days on market have reduced by 12 days or 9%.

2008 January 1-June 30

Total Sales 143 - Average Sale Price $337,129 - DOM 120

2007 January 1-June 30

Total Sales 167 - Average Sale Price $330,577 - DOM 122

So, overall Portsmouth is not doing badly at all. Our total units sold is down by 15% but our home values are holding steady and even rising by 1.9%. Now is a great time to invest in Portsmouth. There are 173 properties in inventory - something for everyone. Come take a look at living in Portsmouth!

Shannon Aldrich, Keller Williams Coastal Realty

Join our Real Estate Seacoast enewsletter for up to date real estate information and area happenings by emailing saldrich@kw.com. Your privacy is important to us - we will never share or sell your contact information.

 

 

Shannon Aldrich

Keller Williams Coastal Realty

Portsmouth, NH

www.RealEstateSeacoast.com

 

 
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Crossedarmshires

Shannon Aldrich ~ NH & Maine Real Estate Seacoast

Rye, NH

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Keller Williams Coastal Realty

Office Phone: (603) 610-8511

Cell Phone: (603) 502-7660

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Sharing perspectives about living in the New Hampshire Seacoast & Southern Maine area from a native professional real estate consultant. Marketing ideas for other real esate agents that can be used in any market.



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