New Castle NH Real Estate Market 2007 Recap

By
Real Estate Agent with RE/MAX Shoreline - NH and Maine NH and Maine Broker

New Castle New Hampshire Homes

New Castle NH Beach - Looking Out to Sea

New Castle NH
saw some very nice activity this past year, despite what the news media would have us all think with all the negative and sensational headlines. 

Homes in New Castle saw a higher average sales price, more homes sold, and we also saw the average days on the market decrease for 2007.

I'd say that shows a pretty good market in New Castle New Hampshire!



New Castle NH Antique Colonial Home

New Castle is a really quaint and charming town right on the coast of NH, and is actually comprised of several islands, all connected by causeways. 

Homes in New Castle NH date back to the 1600's to brand new homes, all on narrow winding streets, many with wonderful water views of the Atlantic Ocean, the Piscataqua River, or any  number of back channel views.

                                                                 


New Castle NH Homes Sold 2006-2007 Graph

  • New Castle NH homes sold were up in 2007 over 2006.  In 2006, we saw only 12 homes sell, and in 2007, we had 20 homes sell.  This past year, there were 44 homes for sale, and in 2006, there were 42 homes for sale.

  • The average asking prices of those homes for sale in 2006 was $1,383,826, and in 2007, the average asking price was $1,549,970. 

  • The average selling prices of New Castle NH homes increased over $100,000 in 2007 compared to 2006.  The average selling price in 2006 was $1,002,750, and in 2007, the average selling price increased to $1,145,728 - a strong increase in a market that wasn't supposed to be all that great!

  • The average days on the market went down in 2007 over 2006, again another positive change in the New Castle NH homes market.  It took an average os 203 days in 2006 to sell a home, and in 2007, it took 186 days on average to sell.

  • Another nice positive change in the New Castle NH homes market this past year was that sellers, on average, received a higher percentage of their last asking price for the final selling prices.  In 2006, that percentage was 85.4%, and in 2007, we saw that increase to 90.2%.  Again, another bit of positive news for homeowners.

 

And all this information is just further proof that all real estate is local, and that the media that continues to harp on a 'national real estate market' really need to get a clue and understand that there is NO SUCH THING

It's really very important for consumers to speak to a local real estate expert, and disregard the broad brush the news continues to paint all of us with.  We have great news in the real estate industry right here in our own backyard!

                             New Castle NH Homes Along the Water  

New Castle New Hampshire is such a charming seaside town.  If you're looking for island living and you want to be close to everything, you just might want to consider making New Castle NH your next home. 

It's no wonder so many people love living here in this area of NH and making it their HOME!!  If you're interested in learning more about making New Castle your home,  ........... I'm at your service!!!

                                        Search Homes Condos For Sale in NH

RE/MAX Balloons

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

 

 

Posted by

Ann CummingsREALTOR, e-PRO, GRI, CBR

Ann Cummings and Jim Lee formed a team in July of 2010.
Each bring over 30 years of successful real estate experience to the table so with Ann and Jim you truly do get two Realtors for the price of one. We’re dedicated to delivering exceptional service to you our clients and customers; past, present, and future.

Jim LeeCRS, ABR, GRI, e-PRO

Comments (9)

1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK
Good market reporting.  Enjoyed reading - I'm sure that you clients and customers benefit from your efforts in reporting the market to them.  Ok Listen up, everyone in New Castle, New Hmshire - Give Ann a call for all of your real estate needs!  Thanks for stopping by my blog yesterday. 
Jan 25, 2008 01:08 PM
Karen Rice
Keller Williams Real Estate - Hawley, PA
Northeast PA & Lake Wallenpaupack Home Sales

New Castle sounds just delightful.  Is it a year round community, on the whole, or is it primarily vacation/seasonal homes? Is this part of New Hampshire very cold in the winter, or does the ocean keep the temps more moderate?

 

Jan 25, 2008 01:56 PM
Linda Scanlan
A Fan of AR - Burleson, TX
Ann, several years ago PBS did a special on New Castle..I can't remember why, but I do remember it being such a pretty place. The older homes there must be built very well to have lasted 400+ years!
Jan 25, 2008 02:05 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Ann--Awesome write up on the market in New Castle...Love the photos and layout. Looks like a picture perfect place to live!

Jan 26, 2008 02:36 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland
Ann.  That's not a very large market.  How many agents compete for the business??
Jan 26, 2008 07:51 AM
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Hey...

One of my little sisters used to live in New Castle...It's a nice little town. 

And you are quite correct. Real Estate is local...very local.   

TLW...ROAR!  

Jan 28, 2008 12:50 AM
Monika McGillicuddy
Prudential Verani Realty - Atkinson, NH
NH Real Estate Broker
New Castle is a small town...very pretty and very exclusive. I love it there.
Jan 28, 2008 12:27 PM
Ginger S
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~

Ann, You post are such a valuable resource for residents and relocating clients as well. Great job!

Jan 28, 2008 03:58 PM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Judi - thanks for that little plug!  I enjoy putting these reports together, and I hope consumers enjoy them as well.

Karen - New Castle is just about the quaintest little island town you'll find.  It's year-round, with some 2nd homes mixed in but the vast majority live and work right here in this area.  The ocean does a wonderful job, most of the time, keeping us a little cooler during the hotter days of summer, and it keeps the winters typically more moderate as well.  Gotta love life along the ocean!

Linda - how cool that special must have been, and sorry to say I missed it!  Hmm, I might go try to find it in their archives - that would be neat to be able to link to if I could find it.  And you're right about the ages of homes here - some of them do date back to the early 1600's.  Lots of history on these little islands here in New Castle!

Teri - thanks for those nice comments!

Lenn - New Castle is part of the Portsmouth Seacoast market.  All the towns right in this area make up this market - Portsmouth, New Castle, Newington, Rye, North Hampton, Greenland, and a couple of towns in southern Maine are part of this same market as well.  Our towns here are small, geographically, and our coastline is only 17 miles long - very easy and quick to go from one town to the next.

TLW - I bet your sister enjoyed living here when she was up here.  I hope you had the opportunity to come visit her while she lived in New Castle - beautiful charming little village.

Monika - it's hard not to enjoy and appreciate this pretty little town - one of my favorites to meander around!

Ginger - thank you for that very nice comment!  I really appreciate that.


Many thanks for all the very nice comments!
Ann

Jan 29, 2008 01:28 AM