The average home sales price in Derry, NH is $166,331, with an average time on market of 124 days. See available real estate for sale in Derry, NH or view current real estate market conditions in Derry. There were 26 new residential property listings with an average price of $227,142 on the market in November.
The average home sales price in Portsmouth, NH is $379,465, with an average time on market of 132 days. See available real estate for sale in Portsmouth, NH or view current real estate market conditions in Portsmouth.
OVERVIEW. Good News – Bad News. Based on a strong ending to 2009 , the data continues to re-affirm the possibility of sales activity stabilization yet continuing price deterioration in Windham, NH on an annualized basis. Looking at the data historically relative to Number of Homes Sold, Median Sell Price, Median Home size, Median Sale Price per Sq/Ft and DOM ( Days on Market) it shows :
Thus, although the number of homes sold ( sales activity) appears to have possibly stabilized ( 136 vs 142) - the Sell Price dropped almost 8.5% in 2009 ( $142.90 versus $155.92 in 2008). Naturally, deeper analyses amongst specialized price ranges will yield varying results.
FOURTH QUARTER COMPARISONS. Comparisons during this particular quarter reveal encouraging signs. During the Fourth quarter of 2009, 41 homes were sold at a median price of $400,000. With a median size of 2,624 sq/ft this computes to $152.44 per sq/ft Selling Price. Comparatively, during the Fourth quarter of 2008, only 35 homes were sold at a median price of $385,000. With a median size of 2,901 sq/ft this computes to $132.71 per sq/ft Selling Price. Thus the data shows a 17% increase in homes sold and almost a 15% improvement in Sell Price from the Fourth quarter of 2008.
LOOKING FORWARD. During the First Quarter of 2009 – 22 homes were sold at an Median price of $416,000 and 2,830 sq/ft in size. That computed to a Sell Price of $141.06 per sq/ft. ( It should be noted that the First quarter was the lowest relative to homes sold and Sell Price per sq/ft during 2009. ) . At the current time ( 1/6/2010 ) there are 101 homes for sale in Windham versus 123 at the same time last year. Also, at the current time, there are 23 homes under agreement which is encouraging from a Sales Activity standpoint. However – at a potential median Sales Price per sq/ft of $131.54 or lower – there are continuing concerns relative to Sales Pricing in Windham, NH. Therefore, (overall) continuing Good News – Bad News ??? Only time will tell. Keep posted.
Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2005 to December 31, 2009.
Contributed by Bill Spinelli, Associate Broker, Bean Group. For further information or questions please e-mail to bill.spinelli@beangroup.com or call direct at 603-966-8088.
Portsmouth saw sixteen homes reported sold in November with an average sales price of $335,562, which was 4.3% of asking price on average.
Homes sold in Portsmouth in November.
There were 11 condominium sales reported sold in November with an average sales price of $240,818 and an average time on market of nearly five months. 13 condos came on the market in November.
Condominiums sold in Portsmouth in November.
Based on information from Northern New England Real Estate Network.
Portsmouth sellers started to get involved in the market again with 27 new single family home listings on the market in October, up 58% from the previous year. The 11 sales and 12 pending contracts reported in October were both almost double the activity a year prior. The average sales price saw a significant increase of 51.2% to $516,085. Homes sold for an average of 6.2% of asking price in just over two months.
48 Ball Street, with 250′ of waterfront on Little Harbour sold for $1,550,000 and 51 Baycliff, with frontage on the Piscataqua River sold for $900,000. Little Harbour saw several sales in October – 1105 South Street, a 3 BR Cape, sold for $507,500 and 28 South Street, a 3 bedroom antique home in the south end, sold for $504,038.
The condominium market in Portsmouth saw the same level of sales activity as a year prior with 12 sales and 7 pending contracts reported. The average sales price was $247,441 with a list price to sales price ratio of 94.26%. The average time on market was nearly five months.
Portsmouth Condominiums Sold in October 2009:
Based on information from Northern New England Real Estate Network.
