Portsmouth, NH home sales and condo sales – February 2009
March 2nd, 2009by Julie Dufault
There were 3 single family home sales in Portsmouth, NH during February 2009:
February 2009 Portsmouth, NH home sales:
246 Concord Way sold for $176,500
999 Woodbury Avenue sold for $160,000
109 Ash Street sold for $415,000
There were 2 condominium sales in Portsmouth, NH during February 2009:
February 2009 condominium sales:
25D Albacore Way sold for $309,900
1177 Sagamore Avenue sold for $569,000
How do 3 home sales and 2 condo sales compare to the level of activity we were seeing a year ago in February 2008? A year ago, there were 7 single family sales in Portsmouth and 11 condo sales during the month of February. Comparing this year to last, it is apparent the number of transactions is down, which is certainly a reflection of the changes in the economy which we have experienced in the past year.
The good news is that there is life out there, the number of pending transactions is evidence there are buyers taking action and sellers are willing to play ball. Looking at Portsmouth market statistics as of today, there are 13 single family homes and 13 condominiums that are currently under contract. If contingencies are met, for example if home inspections are satisfactory and loans are approved, then these transactions in the pipeline will likely translate to sales in the next 30 – 60 days.
Based on information from the Northern New England Real Estate Network, Inc. for the period of February 1, 2009 through February 28, 2009.
