Oceanfront Home On Wallis Sands Beach In Rye Sells For Over $1,500,000 In July

Michael BeanAugust 14th, 2008
by Michael Bean

Rye NH Real Estate Market Report – July 2008

An oceanfront home on Wallis Sand Beach in Rye set the high point for July with a sales price of $1.55 million. Another notable sale was an 1800’s colonial overlooking the Abenaqui Country Club golf course that closed for $1,238,500.

In all, there were five homes that sold in Rye, NH last month:

1212 Ocean Boulevard, Rye (oceanfront, Wallis Sands) sold for $1,550,000.
851 Central Road, Rye Beach, (overlooking Abenaqui), sold for $1,238,500.
870 South Road, Rye, sold for $647,822.
50 Liberty Common, Rye, sold for $550,000.
514 Sagamore Road, Rye, sold for $285,000.

Sales numbers are fairly consistent with last July when there were six sales. Pending sales were down slightly – there were four pending contracts reported last month while there were six sales reported in the same period in 2007. Currently there are 64 homes for sale in Rye, NH with an average listing price of $1,253,692 and an average time on market of just over six months.

Based on information from the Northern New England Real Estate Network, Inc. for the period July 1, 2007 to to July 31, 2008.

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