Portsmouth NH Homes Condos Real Estate

Stratham NH, Exeter NH, Greenland NH -  Homes and Condos Real Estate Market Update - August 2008

Real estate markets really are very local, no matter what you read or hear from the media.  What's happening in markets in other areas may not be anything like what's happening in your own local real estate market.  Statewide reports don't tell you about your local market, and neither do county real estate reports.  There are even pockets within any given town that will show different real estate activity than the city/town market report shows.

New Hampshire's Seacoast towns vary widely at times in real estate activity.  To find out the Seacoast market updates from January to August, check out the latest Seacoast real estate homes and condos update.

               

The homes real estate market in Greenland, Stratham, and Exeter has been busy, and some areas within each town are busier than others.  The condo real estate market in Exeter, Stratham, and Greenalnd has been quite busy, as this area is a terrific condo area for those buyers looking for the lifestyles that condos and townhomes provide.

August 2008 Stratham NH Homes  and Condos Real Estate Update (MLS):         

                                                             Homes                                  Condos
Total For Sale:                                        63 homes                             45 condos
Total New Listings in Aug:                          9 homes                              6 condos
Total Sold in Aug:                                      6 homes                              2 condos
Total Sale Pending Aug:                            1 homes                              0 condos
Total That Didn't Sell Aug:                         6 homes                              3 condos

Average Sold Selling Price Aug:                $509,375                               $404,000
Average Days on Market for Solds Aug:     76 days                                117 days
Average List Price to Sold Price Ratio:        95.00%                                 93.00%

Average For Sale Asking Price:                 $579,611                               $316,311
Average For Sale Days on Market:            159 days                                169 days
Average Sale Pending Asking Price:          $495,000                                $0 - no pendings
Average Sale Pending Days on Market:    107 days                                 0 days

August 2008 Exeter NH Homes and Condos Real Estate Update (MLS):

                                                              Homes                                 Condos
Total For Sale:                                        82 homes                            72 condos
Total New Listings in Aug:                       16 homes                            19 condos
Total Sold in Aug:                                     9 homes                              9 condos
Total Sale Pending in Aug:                       10 homes                            7 condos
Total That Didn't Sell in Aug:                     10 homes                            8 condos

Average Sold Selling Price Aug:                 $280,100                            $197,089
Average Sold Days on Market Aug:            141 days                            271 days
Average List Price to Sold Price Ratio:         93.00%                              97%

Average For Sale Asking Price:                  $446,009                              $222,050
Average For Sale Days on Market:             158 days                              189 days
Average Sale Pending Asking Price:           $325,600                              $197,129
Average Sale Pending Days on Market:      120 days                              118 days

August 2008 Greenland NH Homes and Condos Real Estate Update (MLS):

                                                                 Homes                               Condos
Total For Sale:                                            33 homes                           3 condos
Total New Listins in Aug:                              0 homes                            0 condos
Total Sold in Aug:                                        5 homes                            0 condos
Total Sale Pending in Aug:                           0 homes                            0 condos
Total That Didn't Sell in Aug:                        3 homes                            0 condos

Average Sold Selling Price Aug:                    $540,520                           $0 no sales
Average Sold Days on Market Aug:               124 days                             n/a
Average List Price to Sold Price Ratio:           101%  (no typo!)                n/a

Average For Sale Asking Price:                      $520,145                            $291,600
Average For Sale Days on Market:                116 days                              351 days
Average Sale Pending Asking Price:               $414,933                             $0 no pendings
Average Sale Pending Days on Market:          47 days                                n/a

    

Now that you're armed with all these numbers, what does it all mean to you, as Exeter, Stratham, and Greenland NH homeowners?

-- Thinking about selling your Stratham - Greenland - Exeter home or condo?  If you are, you can expect your home to take about 113 days to sell depending on the town you live in, and you can expect to receive about 96% of your asking price, again depending on which town you live in and assuming you've priced your home realistically to start with.  You can expect your condo to take about 246 days to sell depending on which town your condo is in, and you can expect to receive 94-95% of your asking price.

--  The numbers for each town - Stratham NH, Exeter NH, and Greenland NH show us some important things, namely what the absorption rate is for each town, and for homes and condos within each of those towns.  The absorption rate tells us about how long it would take to sell a home or a condo in each town if no other Exeter Stratham Greenland homes or condos were to come on the market for sale  The absorption rates for each town and each category are as follows:
     **  Stratham homes --       12 months          
     **  Stratham condos --      13 1/2 months
     **  Exeter homes --            9 1/2 months
     **  Exeter condos --           17 months  (yikes!)
     **  Greenland homes --      10 months
     **  Greenland condos --     12 months (Greenland doesn't have many condos)

 Pricing your home or condo properly in the beginning will be crucial to make sure you don't fall into the 7 month window to sell.

-- If you're thinking about buying a home or condo in Exeter, Stratham, Greenland, you're in a great market, both for timing and for what the Seacoast towns have to offer.  Your choices in housing are great and there are some great buying opportunities in the market.   And if you've been in the market and have found that perfect house or condo, only to have another buyer snap it up, you know that properly priced real estate is selling pretty quickly. 

Stratham, Exeter, and Greenland are great areas to call home, and if you'd like to make your home here, too, Id like to help you do just that!

If you're interested buying or selling Portsmouth NH real estate, call me today at 1-888-349-5678 x 3839, 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
  888-349-5678 x 3839
  Servicing the Coastal Areas of NH & Southern Maine                    



                                    

Real estate market information used for this report is provided from NNEREN, Northern New England Real Estate Network, the Multiple Listing System (MLS) that services all of New Hampshire and parts of Maine, Vermont and Massachusetts.

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