portsmouth new hampshire: Portsmouth NH Real Estate Market-Year End 2008 Market Update - 01/25/09 12:48 AM
Although the real estate market was tough in 2008 as you will see below, 264 homes sold in Portsmouth.  People still have to move and homes still do sell regardless of the market.  With that said, here is A Little Perspective on the Real Estate Market:
•  More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
•  There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
•  There are 52 million homes with mortgages in the … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - October 2008 Market Update - 11/22/08 12:37 PM
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward.  Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse.  In the near term, we expect home sales to remain fairly stable."  As real estate markets are local, here's what happened in the Portsmouth market in October: 
19 homes sold in Portsmouth in October:
-   5 single family homes, … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - September 2008 Market Update - 10/20/08 01:11 PM
As you may guess, I receive many requests from friends and associates for referrals to professional trades and services - everything from painters to attorneys.  Because I've received these requests, and because I operate my own business by referral, I have compiled a Business Referral Directory that lists the finest individuals and companies serving our community.  You can check out this new directory anytime on my website, www.SeacoastHomesForYou.com.  I hope you enjoy this directory and if you or someone you know would like to be a part of it, please give me a call or drop me an email.
Now let's … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - August 2008 Market Update - 09/17/08 06:14 AM
Check this out...Save $1000 on Your Next Home Purchase!
With rates dipping recently, housing prices low plus a $1,000 credit at closing, I can't think of a better reason to start looking for a new home or investment property.  If you have interest, let me know.  Or, if you know of someone who could use our services and a $1,000 credit, please pass this along.  Carol and I love referrals!!
Now let's take look at what is going on in the market locally...
26 homes sold in Portsmouth in August:
- 11 single family homes, and
- 15 condos. 
Year-to-date, 189 … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - July 2008 Market Update - 08/17/08 03:04 PM
Although, the housing market has slowed, Housing Predictor, an independent real estate market forecaster says that the next 12 months will be the best time to invest in the U.S. housing market.  I know what you're thinking...just another real estate agent telling me to get into the market.  BUT, veteran real estate investors know that when it looks bad, that is the time to pull the trigger and buy real estate to have the highest probability of making top profits. 
With this said I'm hoping you can do me a favor...if you hear of someone who might like to take advantage … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - June 2008 Market Update - 07/15/08 04:21 AM
Summer is here!  And, this is always a busy time for real estate because who really wants to move when snow is falling right?!  Let's see how the Portsmouth real estate market has fared over the last month:
 33 homes sold in Portsmouth in June:
- 19 single family homes,
- 13 condos, and
-   1 mobile home. 
Year-to-date, 134 homes have sold in Portsmouth, NH:
-60 single family homes
-70 condos, and
-  4 mobile homes
In addition, 16 Portsmouth homes went pending with active contracts in June.
I have also listed a couple of properties you might be interested … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - May 2008 Market Update - 06/15/08 03:35 AM
An important thing to keep in mind when it comes to real estate is that each and every town is different.  Depending on where you are in the country, one town can be thriving and the next town over can be in a slump.  This can also be true for large cities-certain sections of a city can be desirable...others not so much.  Please keep this in mind when you listen to the news.  Reporters are often giving you statewide or national market data and your home town is not the "national market".  With that said, let's see what's been going on … (0 comments)

portsmouth new hampshire: Portsmouth NH Real Estate - April 2008 Market Update - 05/18/08 08:37 AM
The latest forecast by the National Association of Realtors (NAR) claims that existing-home sales are projected to trend up in 2008.  I definitely see that happening here in the Seacoast.  In fact, Lawrence Yun, Chief Economist for NAR was quoted recently saying, "The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump." Yes, he said did say improvement in the Northeast!
Let's check out what's been going on in Portsmouth, NH.
36 homes sold in Portsmouth in April
-14 single family homes, and
-22 … (0 comments)

portsmouth new hampshire: Portsmouth, NH Real Estate - March 2008 Market Update - 04/14/08 12:00 PM
You might not believe it, BUT, the National Association of Realtors stated recently that sales of existing homes rose to a 5.03 million annual rate in February which is an unexpected 2.9% increase.  Why?  The answer is that sales are being spurred by lower prices.  Falling prices improve affordability and encourage people to make purchases. 
In addition to existing home sales, new construction homes for sale at the end of February dropped to 471,000 units (in the US), the fewest since July 2005. 
Rising sales and lower prices have also stimulated the mortgage market.  This is due in part to recent … (0 comments)

portsmouth new hampshire: Walk for Multiple Schlerosis-Portsmouth, NH - 04/03/08 02:15 PM
On Saturday, April 12th, a local team supported by a good friend of mine will be walking for Multiple Schlerosis.  The five-mile route starts at 10 a.m. at the Portsmouth Middle School.
Multiple Schlerosis is a devastating disease that affects 14,000 individuals in New Hampshire and Massachusetts, and 400,000 people across the country.  Those participating and donating their time to this walk are doing what they can to help and hopefully someday their efforts will help find a cure for this disease.
For every $1.oo raised for Multiple Schlerosis, 85 cents goes towards MS education, support, advocacy and research to help people with multiple sclerosis; 12 cents go towards … (0 comments)

portsmouth new hampshire: Portsmouth New Hampshire Homes – February 2008 Market Update - 03/04/08 03:14 AM
Although the snow continues to fall, there are still folks out there that need to buy homes!  February was no exception in Portsmouth, NH.  Here's the statistics for Portsmouth home sales in February:
18 homes sold in Portsmouth
-Seven single family homes, and
-11 condos
In addition, 11 Portsmouth homes went pending with active contracts in February.  There are 160 active listings in Portsmouth, which includes residential, condo and mobile home listings.
Year-to-date, Portsmouth, NH homes sales are as follows:
 36 homes sold in Portsmouth in the first two months of 2008:
-13 single family homes
-21 condos, and
-2 mobile homes. 
BUY low, SELL high.  It's always the best … (2 comments)

portsmouth new hampshire: Portsmouth New Hampshire Homes – 2008 January Market Update - 02/10/08 02:52 AM
How many homes do you think sold in Portsmouth, New Hampshire in January?  Two, Five...maybe even 10?  Wrong-check out these specifics:
18 homes sold in Portsmouth during the month of January
-Six single family homes
-Ten condos, and
-Two mobile homes. 
In addition, 10 homes in Portsmouth went pending with active contracts in January.  Amazing for a cold, snowy month!
Today is the day to stop dreaming of that beautiful home you have always wanted.  These folks took that next step and bought a new home in Portsmouth, NH, why not you?  What are you waiting for?? 
Interest rates are in the mid 5% range!
Sellers … (2 comments)

Sue Melhorn, Dover, NH Realtor (The Bean Group) Rainmaker large

Sue Melhorn

Dover, NH Realtor

Dover, NH

More about me…

The Bean Group

Address: 263 Locust Street, Dover, NH, 03820

Fax: (866) 431-1298

Mobile: (603) 944-0186

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Your Real Estate Resource on the New Hampshire Seacoast and Southern Maine




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