Hampton, NH

In March there were 9 homes sold in Hampton, up from 4 homes sold in February. Homes sold for an average price of $279,000 and at around 88% of last asking price.  The average number of days a home stayed on the market was 114.

Single family homes sold in Hampton in March:

8 Auburn Ave Ext sold for $92,500 which was $26,500 below last asking price.
18 Norton Rd sold for $115,000 which was $35,000 below last asking price.
51 Dearborn sold for $215,000 which was asking price.
35 Seaview Ave sold for $275,000 which was $24,900 below last asking price.
15 Tuck Rd sold for $300,000 which was $14,900 below last asking price.
40 Hobbs Rd sold for $290,000 which was $49,900 below last asking price.
35 Edgewood Dr sold for $310,000 which was $89,900 below last asking price.
18 Huntington Place sold for $420,000 which was $29,900 below last asking price.
176 North Shore Rd sold for $499,900 which was asking price. [click to continue…]

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Hampton, New Hampshire Condo Market Report for April 2008

There are currently 206 condos for sale in Hampton, NH. The average listing price is $277,860 and the average time on market is 160 days. In April there were a total of 32 new condo listings in Hampton with an average price of $258,344.

A total of 11 condos were sold in Hampton, NH in April. The average condominium sales price was $238,673 which was 94.4% of the asking price. Condos that sold were on the market an average of 197 days. There were 14 pending condo sales reported in Hampton in April (up from 10 sales in April 2007) with an average listing price of $249,800.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

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Hampton, New Hampshire
Residential Real Estate Market Report for April 2008

There are currently 121 homes for sale in Hampton, NH. The average listing price is $456,791 and the average time on market is 173 days. In April there were a total of 25 new listings in Hampton with an average price of $533,496.

11 homes sold in Hampton, NH in April. The average sales price was $359,923 which was 92.1% of the asking price. Homes that sold were on the market an average of 179 days. Overall, closed transactions were down 26.7% from the same period last year. There were 5 pending home sales reported in Hampton in April. This statistic is more troubling for home sellers in Hampton – in April 2007 there were 22 pending home sales reported in Hampton – last month’s 5 pending sales is a precipitous 71% drop in sales activity.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

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Hampton NH – 2007 Year End Summary
Residential Real Estate Market Report – Single Family Homes

First, A Little Good News For Sellers. The gap between the asking price and the selling price was slightly narrower in 2007 – the average sale was for 95.6% of the asking price (it was 95.1% in 2006). Keep in mind that this is the asking price at the time a property sold, not necessarily the original listing price.

With an average home’s selling price down just 4% the Hampton real estate market compared favorably to some other Seacoast communities.

Now, onto the rest of the recap of the 2007 market …

Hampton Home Sales Down Slightly From Prior Year

There were 136 Hampton homes that sold in 2007. This was down 6.8% from 2006 when there were 146 sales.

Fewer Homes Put Up For Sale In 2007

There was less housing inventory added to the Hampton market in 2007 – in all there were 313 homes that were listed for sale, down from 363 homes in 2006. Overall this was 86.2% of the new listing activity in 2006.

Hampton Listing Prices Down From Previous Year

Potential sellers may have been sensing a downward pressure on Hampton real estate values as the average price of homes that were newly listed for sale edged down by 4.5% to $424,264.

Homes Sold For 4% Less Than Year Before

The overall listing (or asking) price of the homes that sold in 2007 was down 4.5% from the previous year to $367,566. The average selling price of the homes that sold in Hampton saw values down 4% from 2006 to $351,419.

Homes On The Market Longer Before Selling In 2007

Sellers had to be a bit more patient in 2007 as days on market increased by 19.6% from 2006. This was slightly better that some other Seacoast communities such as Exeter, where the time on market was up over 35% from the prior year.

An exception to the rule? (there always is)

In 2007 an oceanfront beach house sold in Hampton for $1.75MM – in less than a month.

Thoughts On The Hampton Real Estate Market

There was a significant delta between the average new listing price of $424,264 and the average selling price of $351,419 of the homes that successfully sold. It will be interesting to see where those values go in 2008.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2006 to December 31, 2007.

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