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Portsmouth NH Homes and Condos - Market Update for Dec. 2008

Portsmouth New Hampshire Real Estate Market Update - December 2008

Portsmouth NH - Downtown Popovers Bakery and Cafe
The real estate market in Portsmouth had ups and downs in 2008. Demand was there, inventory was there in some parts of the market and in other parts it was very lean. Some areas in town have a pent-up demand, such as the Little Harbor area, and others have an over-supply of homes or condos on the market.

Real estate in Portsmouth NH and the surrounding area is always a topic of interest for most people in this area. As the real estate market goes, so goes most other things, it seems.

So, how did Portsmouth NH homes and condos fare in December? Check out the numbers below:

Portsmouth NH Homes - December 2008 Market Recap:

49 homes are currently for sale in Portsmouth
Asking prices range from $163,900 to $1,595,000
Average asking price is $447,715
Average Days on the market - 131 days

5 homes in Portsmouth NH went sale pending/under agreement
Asking prices ranged from $176,500 to $359,000
Average asking price - $285,240
Average Days on the market - 109 days

8 Portsmouth NH homes sold during December 2008
Asking prices ranged from $79,500 to $465,000
Sold prices ranged from $72,000 to $410,000
Average sold price - $284,250
Average Days on the market - 122 days
Average List-to-Sell Ratio - 95%

24 homes in Portsmouth expired from the market during December 2008 without selling.

Portsmouth NH Real Estate - Gorgeous Victorian Home - Ann Cummings Copyright 2008
Portsmouth NH Condos - December 2008 Market Recap:

86 Portsmouth condos currently for sale
Asking prices range from $114,900 to $1,472,000
Average asking price is $438,192
Average Days on the market - 192 days

1 condo in Portsmouth went sale pending/under agreement
Asking price was $399,900
Days on market - 227 days

3 Portsmouth NH condos sold during December 2008
Asking prices ranged from $195,500 to $295,000
Sold prices ranged from $190,000 to $290,000
Average sold price - $235,633
Average Days on the market - 204 days
Average List-to-Sell ratio - 99%

17 condos in Portsmouth NH expired from the market without selling during December 2008.

Portsmouth New Hampshire is a beautiful coastal town, a working port, and has much to offer anyone interested in living here. If you're interested in exploring the real estate market here in Portsmouth, either as buyers or sellers, send me an email or give me a call at 1-888-349-5678 x 3839.

I'd love to help you with your real estate goals!

Pricing Your Seacoast NH Homes and Condos Correctly for Todays Market

Pricing Your Home To Sell

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

Posted by Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR® on 01/10/2009 08:54 PM

Comments (12)

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12 Comments on Portsmouth NH Homes and Condos - Market Update for Dec. 2008

JAN

2009

Ann... again, I love the pictures for your town. So clean of an area and pretty.... especially the water shots.

jeff belonger

Ann,

2008 certainly had it's ups and down. Looks like you have a good variety of condos available based on the price range. Good list to sale ratio when compared to some markets.

Hey Jeff - this is a beautiful area, and so easy to take loads of pictures of. The problem is deciding which ones to use! ;-)

Thanks for reading and commenting!
Ann

Hi Jennifer - ups and downs for sure, and hopefully more stability going forward for all of us. I thought out list-to-sell ratios were pretty good, especially the condos ratio.

Thanks for commenting!
Ann

Not bad for DOM huh? Looks like few sales but stable prices. Ours has gone up and down and back up again. Fewer sales but stable prices for us in the long run. Let's see how these next few months play out.

I love your follow me on twitter button, where did you get that? I want one too:)

Ann- Interesting numbers...it just goes to show how local Real Estate really is. Nice job you did on this, helps peole understand :)

JAN

2009

Hi Ann,

I have to get back to my market reports. I just put a few out there but I have about another 5 areas I have to update. I love the new design you have.

Hi Sally - relatively speaking, those days on market aren't bad, but before this particular market, our numbers were significantly lower than what we're seeing right now. And for the most part, they've been getting better, but the days on market for condos in Dec. was a bit higher than it had been previously.

Hi Katerina - I don't remember where I got that, but it was a link to some graphics in someone's post here on AR that was provided for any of us to use.

Hey Kathy - oh yeah, real estate is super local for sure! I think raw numbers can be pretty boring for most people, so I try to write about them and make it interesting to read. Thanks!

Hey Neal - I get a lot of people who read my market reports on my outside blog, so I know consumers are out there reading them. Who doesn't have interest in real estate in their local markets? Thanks for the compliment on the format!

Thanks for reading and commenting!
Ann

Ann~

If I didn't love Asheville, I would love Portsmouth..

The pictures you share manage to capture the spirit of your town..I can tell just from those photos that you must love it there....

Ann--Your photos really enhance your detailed market report! Looks like condos are selling at the same rate in your area as they are in Mpls/St Paul...very slowly.

Hey janeAnne - I know you'd love it here, too! I think your area is just beautiful and I'll be back again this summer, about the same time as last year. And I do really love living here for sure. I could do without any more snow at this point, but I still love this beautiful area I call home!

Hi Teri - thanks for the comment on my pictures. I agree with you about them making market reports a bit more interesting. Portsmouth is a great condo town, and typically they sell at a pretty good clip, but not in December they didn't.

Thanks for commenting!
Ann

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Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR®

Portsmouth, NH

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RE/MAX Coast to Coast - Portsmouth New Hampshire

Address: RE/MAX Coast to Coast Properties, 150 Mirona Road, Portsmouth, NH, 03801

Office Phone: (603) 431-1111 x 3839

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