Home : Blogs : Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR® : Portsmouth NH Real Estate Homes Condos >> Your Seacoast NH & Maine Homes Resource

Rye New Hampshire Real Estate Market Update - November 2008 (LOCALISM FEATURED)

Rye NH Real Estate Market Update - Rye New Hampshire Homes for November 2008

Rye New Hampshire is a lovely slice of NH beauty right along the coastline. Rye has rocky coastline and sandy beaches, as well as beautiful inland areas. We have some gorgeouse new construction and newer homes right alongside antique farmhouses, and we have seasonal cottages, too.

The real estate market in Rye NH has been like many other NH and Maine Seacoast towns here in this area, up and down. Like everywhere else, everyone always wants to know how the real estate market is, here in Rye and all along the Seacoast areas. Real estate impacts so many facets of the local economy, and many use that as a gauge for how things are now and where they might be going in the near future.

Rye NH homes real estate market for the month of November:

Rye currently has 63 homes for sale through the Multiple Listing Service (MLS), and 5 of those homes were new to the market in November. The average asking price is $1,191,994, and the average days on the market for those homes for sale has been 231 days.

During the month of November, we saw 2 Rye NH homes go sale pending/under agreement. The average asking price of those homes was $342,950, and the average days on the market was 48 days for those homes.

Four homes in Rye sold/closed during November, and the average selling price of those homes that sold was $526,175, with the average total days on the market for those homes being 56 days. Those sellers who sold their homes in Rye during November received 96% of their last asking prices.

We saw 9 homes in Rye expire from the market without selling. The main reason homes don't sell during their listing period is they were priced incorrectly for the market and/or condition of the home. And most likely, these 9 homes didn't sell because they weren't priced correctly, and buyers didn't see them as a good value for the money.

If you're thinking about selling your home, one very important fact to know about your market is the absorption rate. The absorption rate will tell you how long it will take for the current inventory of homes in Rye NH to be absorbed by the market if no other homes come on the market. The absorption rate for November 2008 was just under 11 months, which is a little higher than October and a little less than September. If you want your home sold, you need to know this number to help you price your home accordingly.

Rye NH Homes - Rye New Hampshire Real Estate - Ann Cummings NH REALTOR

Are you thinking about making Rye New Hampshire or any of the surrounding Seacoast areas your home? Call me today at 888-349-5678 x 3839, or send me an email at ann@anncummings.com, and let's talk real estate!

Pricing Your Seacoast NH Homes and Condos Correctly for Todays Market

Pricing Your Home To Sell

-- Servicing the New Hampshire Seacoast towns of - Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, and surrounding areas.
-- Servicing the southeastern Maine towns of - Kittery, Kittery Point, Eliot, York, South Berwick, and the surrounding areas.

Posted by Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR® on 12/21/2008 11:39 PM

Comments (25)

Rye NH Real Estate Market Update in the Real Estate Market Channel

rye nh homes, rye new hampshire real estate, ann cummings nh realtor

This post has been included in New Hampshire Information Rockingham County, NH Information Rye, NH Information
Post is included in group: Posts to Localism
Post is included in group: New Hampshire - Real Estate and Life in The Granite State!
Post is included in group: Market Reports
Post is included in group: Local Expert

25 Comments on Rye New Hampshire Real Estate Market Update - November 2008 (LOCALISM FEATURED)

DEC

Hi Ann,

I always enjoy your posts. I haven't written a comment in a while. Back on board. Your area is so beautiful. Stay warm and safe.

Ann.

Do folks really know how fortunate they are to live in a water front community??

Great photos. They really show the atmosphere.

Ann- And what does this lovely area look like in the Winter? Do homes in waterfront areas get the same amount of snow as other areas of New Hampshire?

Hi Pat - I'm glad you're back and glad to have your comment! Thanks for reading my posts - it really is very pretty here, all year round. Are you getting snow today like we are up here?

Hi Lenn - I think most who live here really enjoy and appreciate this fabulous spot we call home! I have so many pictures of this area, it's hard to decide which ones to use - glad you enjoyed them.

Hi Kathy - this lovely area looks just as pretty in the winter. Typically, here along the coast, we get less snow than inland and our temperatures aren't usually as cold. The ocean effects keep us a little warmer in the winter and a little cooler in the summer. Come see - very pretty all year long!

Thanks for the comments!
Ann

Ann your market reposts are always so well done. Not only do you give the stats but you analize the data for your readers so they understand what it all means. Great work!

Ann very nice job on the market report, it was easy to understand even for me :)

Hope the bounces that the market has been taking start to bounce upward more than downward in 2009

Ann that scene by the water is rather inviting and Rye looks like a wonderful place to live. Your market reports are always exceptional.

DEC

Ann, when I visit can we go have a picnic on that table??? I LOVE that photo!

I gotta get me some of those cute little buttons you have at the end of your blog. May I ask, where did you get them?

Hi Ann

As a former NH resident who lived in the lovely little town of Bedford, I often miss NH. I now live in the oceanfront town of Marshfield, MA halfway between Boston and Cape Cod. I've been working fro the past 5 years as a licensed home inspector here in Massachusetts and with a total of 30 years or more in the construction business. Although I occasionally work in NH doing home inspections, I'd like to get up there more often. As you probably already know, being a licensed home inspector in MA takes a fair amount of effort, you have to pass a tough exam, perform 140 supervised inspections just to be able to apply for a license, have liability insurance,and maintain your professional education credits every year. While in the Granite State, all it takes to be a home inspector is a business card. NH may be the "Live free or Die" state, but perhaps MA is the "Be qualified or quit" state. Rye is just a short ride to the Massachusetts border, and if I were choosing between one who is licensed to work in Massachustts with it's tough requirements, and an inspector who can only work in areas that allow unlicensed inspections, well...... I think I know who I'd rather work with on my home purchase. If you, or your clients are looking for qualified inspectors, hiring one who is licensed in Massachusetts will at least get you one who has met strict criteria to be able to work in the field. I assume that you probably already know this Ann.

I'd like to send you some brochures and discount coupons for your client's use. Don't let the name Massachusetts Home Authority scare you off, because in this case, being from out of state is a good thing. Let me know where to send you these materials. Jim Morrison, (781)363-0499

Anne, I like your buttons. Did you make them yourself or have someone design them?

I am curious. Where did you get your buttons for this blog from? Did you do them or somebody did it for you? I need some for my blogs but I dont have a clue on how to add them. Please let me know. Congratulations on your featured post.

Hi Ann, I hope you have recovered from the storms. I always love seeing your pictures of your charming homes in NH. What a great place to live and work! I agree, absorption rate is so very important...right now ours is about 34 months! Your market is really quite healthy compared to many!

Hi Ann,

I was wondering when you would be getting a localism feature. You always put out good local content so I am not surprised.

Ann, I love the NE coast. So beautiful. I always think every town has such an interesting story to tell. I don't envy your winters though. Your readers are fortunate to have someone who shares such great info.

Ann~

Loved this post and the information. Especially appreciate the wisdom that works no matter where you live: " The main reason homes don't sell during their listing period is they were priced incorrectly for the market and/or condition of the home...".

What a great way to analysis the market. I am bookmarking this for some ideas in my market. Thanks for sharing and Merry Christmas as well.

Ann, thank you for posting this...very informative and just simple, direct here are the facts!

This is great 'easy to understand' information on your market and local area. What a beautiful ocean/coastline area!

DEC

Ann, I was in Rye, New Hampshire years ago...it is BEAUTIFUL! This is a wonderful market analysis, some I can't understand no matter how hard I try. Congrats on the feature.

DEC

Hi Everyone - wow, so many comments on one of my market reports! Thank you all for the feedback on this report, I'm glad so many of you enjoyed this one. Stats on the market can be boring, so I've played around with formats, etc., and it seems this one is a hit. I thank you all for reading it and letting me know that it's easy to read and easy to understand. That's my goal!

My whole state of NH is beautiful, but I'm so partial to the Seacoast area. It's even prettier in person than any picture I could ever take. And I just keep taking more pictures trying to capture the essence of my home areas.

Thanks again for all the great comments!
Ann

For those who asked about the buttons on my posts - a very good friend of mine made those specifically for me, and I just love them!

Linda - you bet we can go right to that spot WHEN you get up here for a visit! it's a deal!

Neal - thanks, and now I know why this got so much attention. ;-) Are my pancakes on the way?

George - even a Yankees fan enjoyed this one, huh?? ;-)

Thanks again to all of you - I very much appreciate you reading this post and I enjoyed reading through your comments!
Ann

DEC

Ann

There sure is a lot of fine looken country here in New Hampshire. Have not seen the sea coastline part of our State as of yet. You put some fine looken photos in your post. I'll have to get over your way, with my lady.

Thank you, for stopen by my blog to visit.