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Exeter NH Homes | Stratham NH Homes - Real Estate Market Report - 2008 Recap

By Ann Cummings

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

February 24, 2009 11:47 AM

Exeter NH Homes | Stratham NH Homes - 2008 Market Report Homes Sold

Real Estate is also a topic of great interest for almost everyone, and especially these days. With media outlets continually highlighting their perceptions of the real estate markets across the country, it makes is imperative to consult with a local professional REALTOR to get the real straight facts about your local real estate markets.

Here in the NH Seacoast real estate markets, some of our towns have fared better than the media would have you believe, while other towns haven't fared as well.

Thie market report deals with the Exeter New Hampshire and Stratham NH homes sold and homes that came on the market for sale during the year 2008.

Exeter New Hampshire Homes Activity - 2008:

During 2008, we saw 201 homes in Exeter NH come on the real estate market for sale, with an average asking price of $420,595.
Of those homes that were for sale in Exeter last year, 96 homes sold during 2008.
The average selling price of those homes was $358,555, and the average amount of time it took to sell those homes was 160 days.
Sellers, on average, received 95% of their last asking price.

Exeter NH Homes Real Estate Market - 2008 - Ann Cummings NH REALTOR

Stratham NH Homes Activity - 2008:

During 2008, 132 homes in Stratham came on the market for sale, with an average asking price of $519.451.
Fifty-four Stratham homes sold during 2008, and those homes sold had an average asking price of $404,951.
The average days on the market to get those homes sold was 141 days.
Sellers in Stratham, on average, received 98% of their last asking price.

Stratham NH Homes Real Estate Market - 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

Do you 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!

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
New Hampshire and Maine Real Estate

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.

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Johnathan Mullaney

Village Land Shoppe - Flagstaff, AZ

Broker, Flagstaff Real Estate

Ann,

That is some good info about the NH homes.

Johnathan

Feb 24, 2009 12:18 PM

Pat Laracy Baker

Realty Executives Boston West - Holliston, MA

Pat Baker Dream Home Maker

Hi Ann, Love the way you do your blog. Hope that sales begin to pick up for all of us. There has been more activity in the last couple of weeks. I hope every month can be like October with the rise in sales.

Feb 24, 2009 12:22 PM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

Hi Jonathan - I hope it comtinues to improve for all of us - thanks for commenting!

Hi Pat - thanks for that compliment! Sales picking up will be good for all of us, in all industries, and let's hope the improvements in the markets take hold all over the place very soon.

Thanks for reading and commenting!
Ann

Feb 24, 2009 12:28 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Ann another great report to keep those in your area interested in Real Estate up to speed!

Feb 24, 2009 12:46 PM

Jeff Belonger

Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ

The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Ann.... real facts of the real estate market are always important. My pet peeve is when someone gives their opinion, making it sound factual. You did a nice job here. Question... is there a place where you can get those follow me birds for tweeter? I have seen different ones. Not sure if you made them up or copied them from some where. Thanks

jeff belonger

Feb 24, 2009 02:52 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Ann ...... local, local, local that is what it comes down to. Market conditions are different within states, cities, towns, and even neighborhoods at time. Buyers need to work with a Realtor that knows the area first hand and is familiar with what is going on. Again ......... local, local, local :)

Feb 25, 2009 02:59 AM

Debbie Malone

Londeree's Real Estate & Property Management - Lynchburg, VA

From Lynchburg To The Lake (434) 546-0369

Ann, I'm always curious about what's going on in the market back home in New Hampshire. This is a great report, I appreciate the use of the graphs.

Feb 25, 2009 02:39 PM

Neal Bloom

Brokered by eXp Realty LLC - Weston, FL

Realtor CRS-Weston FL Real Estate

Hi Anne,

Just stopping by to see your really nice market reports ...I hope all is well...happy selling.

Feb 26, 2009 10:50 PM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

Hi Bill - thanks! It's important to keep up with the market, even if people aren't buying or selling.

Hi Jeff - real facts, the only thing I use for my reports! I found several really cool ones online on a site that makes them for others to use. I can't remember what site it was but I bet if you google it, you'll see a bunch of them. I remember finding a bunch of different sites that had them for anyone to use.

Hey George - drilling down to the very local is so important. The media paints us all with one very big broad brush but it just doesn't tell the real story, not at all.

Hi Debbie - Stop by anytime! Glad you like the graphs - I love being able to do those, now that I learned how. ;-)

Hey Neal - love seeing you stop by! Happy selling to you as well!

Many thanks for the comments - Ann

Feb 27, 2009 08:42 PM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Ann,

Just checking your blogs as I just read a MEME post you did last year/game. I never been to your area and like you I feel it is important for Realtors to get the real message out to our buyers and sellers.

No matter the economy there will always be people that need to sell & those that need to buy. I will be back.

Mar 23, 2009 08:44 AM

Linda Bourgault

lulugraphix-creative photography & fine art - Flower Mound, TX

Hi Ann—One of my step daughters lives in Maine now, so I'm always looking for info concerning the RE markets in the New England area. I'm glad you learned how to do the charts... it really makes a difference for someone like me who's visually oriented to understand the meaning of the numbers. Hope you are doing well and that the market in your area picks up soon!

Mar 23, 2009 12:04 PM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

Hi Mary - thank you for finding the posts of mine that you did. I had a lot of fun with that Jeopardy game back then. AR was a smaller community and easy to do something like that than.

There will always be those who need to sell and those who need to buy - and knowing the markets well and/or working with someone who does is crucial.

Ann

Mar 24, 2009 02:43 AM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

Hi Linda - what part of Maine does she live in? Right here in my market area is the southern tip of Maine - Eliot, Kittery, York, Wells, South Berwick.

I am very happy to have finally figured how to use some charts, too. And I agree about the visual part - must easier to understand for many people, including me!

Ann

Mar 24, 2009 02:45 AM

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 - Another well presented and informative report which I am sure readers in your market appreciates.

Apr 06, 2009 03:53 PM

Al & Peggy Cunningham, Brokers

RE/MAX West Realty Inc., Brokerage - Brampton, ON

Our Family Wants To Help Your Family!

Wow Ann! What an interesting report. Must have taken you alot of work to post! Good job!

Al and Peggy

Apr 16, 2009 10:51 AM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Hi Ann! I just wanted to stop by and let you know that I see your reports each time you pop up on my blog roll and I am always impressed with your thorough market reports. Your consumer is lucky to be able to utilize your knowledge of your beautiful area!

Have a great week...