The Great Recession Sell Off
NH oceanfront homes are very unique to one another. There are seldom two alike. In comparative analysis, there isn’t mach data to work with in terms of the number of sales. We have to bring in some intrinsic values such as availability to have a deep water dock or sandy beach area not just proximity and view. This turns our attentions to some of the bays, inlets, islands, and rivers where these types of propertunities exist. In this study, I am concentrating on properties where one could have direct deep water access in all tides.
NH Oceanfront Homes More Affordable
Oceanfront sales were strong in 2011 when it seemed nothing else was selling. 21 NH oceanfront homes sold totaling $34.84M. 2012 saw half as many sales with overall volume down 64% to $12.848M. Sales have been slowly edging up each year since then. Median Sales Price in 2011 was $1,175,000 and fell 30% in 2012. 2013 posted another dip of 7% to come back 23% in 2014 to $950,000.
NH Oceanfront Homes Only $6,228
Looking at the total volume of sales for each year divided by the total linear frontage gives you the price per linear foot of ocean frontage. Right now you’re saying “whaaat?”. the price per foot was as high as $9,100 and is around $6,228 today. No matter how you look at it, NH oceanfront homes are more affordable now than three years ago. Pack into that thought that mortgage rates are at the lowest levels of our lifetimes hovering around 4% today, January 4, 2015. If you are on the hunt and want some great propertunities, click here to see all currently available NH Oceanfront homes for sale and get in the loop for => New Oceanfront Listings
Congratulations NH Oceanfront Sellers and Buyers Who Recently Connected
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