NH Real Estate - Rye, North Hampton, Newcastle - 2008 Year Recap

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

Newcastle NH Homes | Rye NH Homes | North Hampton NH Homes - 2008 Real Estate Market Recap

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

Real estate markets
and the local activity have varied greatly all across the country.  All real estate is local, super local, and no matter how hard the medie tries to portray a national real estate market, there really is no such thing. 


The various regions of New Hampshire are all quite varied, and even here in the Seacoast areas of NH and southern Maine, real estate activity varies from town to town. 


This real estate market report focuses on the NH Seacoast towns of Rye, North Hampton and Newcastle
:


New Castle New Hampshire Homes - 2008 Real Estate Market Recap:

During the year (2008), 33 homes came on the market for sale, with an average asking price of $1,221,542.  We saw 15 homes sell in New Castle during 2008.  Those homes had an average selling price of $1,064,957, and it took an average of 182 days for those homes to sell.  Sellers realized, on average, 92% of their last asking price.

       Newcastle NH Homes Activity 2008 - Ann Cummings NH REALTOR



Rye New Hampshire Homes - 2008 Real Estate Market Recap:

2008 saw 130 homes in Rye NH come on the market, with an average asking price of $949,368Seventy Rye homes sold in 2008, and the average sold price was $656,333.  The average days on the market for those homes that sold in Rye last year was 136 days, and sellers in Rye received an average of 92% of their last asking prices.

      Rye NH Homes Activity 2008 - Ann Cummings REALTOR


North Hampton New Hampshire Homes - 2008 Real Estate Market Recap:

North Hampton NH homes for sale during 2008 totalled 91 homes, with an averaga asking price of $802,908.  We saw only 35 homes in North Hampton sell last year, with an average selling price $726,320.  Those homes that sold last year took an average of 202 days, and those sellers received an average of 90% of their last asking price.

      North Hampton NH Homes Market Report - 2008 - Ann Cummings NH REALTOR

 
To read more about the real estate markets in the Seacoast NH and Maine towns:
   Seacoast NH and Maine Real Estate Market Reports

Are you thinking about buying or selling homes or condos in the Portsmouth NH area? 
    Buying Real Estate in the NH Seacoast Areas
    Selling Real Estate in the NH Seacoast Areas


Want more information on the New Hampshire or Maine real estate market?  Have questions about the buying or selling process?  Give me a call or send me an email and let's talk real estate!

 

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     anncummingscom        Ann Cummings NH REALTOR - Follow me on twitter
Servicing the New Hampshire towns of Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, Durham and surrounding areas, and the Maine towns of Kittery, Kittery Point, Eliot, South Berwick, York, and surrounding areas.

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

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Rainmaker
1,074,359
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Wow Ann I never realized that New Castle was this expensive. I would never have guessed the average sale price being over 1 million.

Jan 28, 2009 10:13 AM #1
Ambassador
534,949
Kate Elim
Dockside Realty - Spotsylvania, VA
Realtor 540-226-1964, Selling Homes & Land a

Hi Ann...I would have to say it is certainly worth the price to live near the coast.  We pay a pretty penny for water oriented properties but the value is there.

Interesting information and well presented.

Kate

Jan 28, 2009 10:30 AM #2
Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ann, not only is there no such thing as a Nation Real Estate Market, there is no State Real Estate, Market, or even City/Town Real Estate Market.  The market seems to almost change from street to street at times.

Jan 28, 2009 11:25 AM #3
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Ann,

Love the recap and the graphs...who do you use for the graphs?

Jan 28, 2009 11:25 AM #4
Rainmaker
559,162
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |

Ann, love your market reports.  I have been so bad about keeping mine up to date.  Thanks for the inspiration. =)

Jan 28, 2009 11:30 AM #5
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Bill - we have some very pricey markets here in my area, and Newcastle is one of them.  It's a beautiful quaint town!

Hi Kate - I would definitely agree with you about living along the coast.  All of the towns here along our very short coastline are the areas I cover, and some are more expensive than others.  Thanks for the feedback.

Hi George - you are so right about how the markets vary!  The street-by-street analogy is especially correct here in Portsmouth.  We have some pockets within the town that there are a slew of buyers just waiting for homes to come on the market, and when they do - get in line to see it. 

Hi Neal - thanks, and these charts I made all by myself in Excel.  Did you see the post I wrote about learning how to do this?  I had to call my sister again today to get a 're-lesson' because I kept forgetting one step, but viola - here they are!

Hi Maggie - I think market reports are one thing that don't really excite some to write about.  I like to do them because I know consumers love to see how their markets are really doing, and it also keeps me as up-to-date on the local stats as I should be.  Go do a few for your market - you might find them fun and full of some great info, too!  ;-)


Thanks so much for the great comments!
Ann

Jan 28, 2009 12:10 PM #6
Ambassador
1,654,694
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Ann - I so love the homes in New England.

You did a wonderful job with the reports, the graphs are great visual I coul easily see that June is a month with lots of new listings.

Jan 28, 2009 12:34 PM #7
Rainmaker
929,218
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Your statistics show that February and March should be a great time to market a home, hoping to sell at peak times between May and June.  Great information.

Jan 28, 2009 12:44 PM #8
Rainer
21,879
Linda Scanlan
A Consumer's View - Burleson, TX

Ann, what a pretty house in your post!  Newcastle sure is expensive, but I guess that's the price you pay to live in paradise! It's beautiful where you live.

Jan 28, 2009 01:09 PM #9
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Jennifer - I love the variety of homes up here, too - so New Englandy!  I love doing those graphs, now that I know how to do them for myself.  Thanks for that feedback.

Hi Kay - great info you picked up on, and that's just the kind of info local experts need to know to convey to their clients.

Hi Linda - that house is just beautiful in person, no matter the season.  It's really pretty with their Christmas lights in the windows and outside.  I wish I had a picture of that for you - beautiful!  This whole area really is beautiful - some day you'll have to come see us in person!  ;-)


Thanks for the comments!
Ann

Jan 28, 2009 02:31 PM #10
Rainmaker
246,926
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699

Ann, those are some great looking graphs. Good job and well thought out. I agree that real estate is definitely local...

Jan 28, 2009 03:31 PM #11
Rainer
19,170
Josh Holt
RE/MAX Coast To Coast~ Dedicated to You! - Berwick, ME
Southern Maine and NH Real Estate - Your Source of Info on the Berwicks

Hey Ann- You in the office today? Didn't see if your light was on, and too fat to get up.

Jan 30, 2009 04:56 AM #12
Rainmaker
73,960
Barbara Hershey
Bath, ME
Realtor, Maine Real Estate

My blog wants to be your blog when it grows up!  :)  Impressive market report...very informative and great graphics! I've yet to try to master the market report...mine always look so bare.  I'll go read your post on how to create those graphs....thanks for the motivation!

Jan 31, 2009 11:15 AM #13
Rainmaker
246,926
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699

Ann, had to come back and tell you what a GREAT job you did on those graphs!

Feb 21, 2009 01:33 AM #14
Rainmaker
496,679
Richard Dolbeare, R(B)
eXp Realty - Wailuku, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

Hi Ann- Those certainly are might-fine looking charts.  How's it going in the NE?

Aloha,

Richard

Feb 23, 2009 02:05 PM #15
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Gena, Richard, and Barbara - thanks for the very nice comments!!

Barbara - your comment made me laugh!  I've played around with various formats for market reports, and still tinker with them somewhat.

Gena - your graphs made me want to go learn how to do just what you were doing!

Richard - it's a little cooler up here than where you are in the warm land of Aloha!

Feb 24, 2009 11:28 AM #16
Ambassador
1,511,777
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I am expecting your 2009 recaps any day now :)

Jun 11, 2010 11:37 AM #17
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Renee - hmmmm.........  ;-)

 

I have to remember how to do these again!

Ann

Jun 30, 2010 03:07 PM #18
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