Recent Seacoast Luxury Home Sales More Or Less On Par With Winter 2006 - 2007
Seacoast Luxury Homes - The Million Dollar Plus Market
In the last ninety days there were ten seacoast homes that sold for a million dollars or more. Half a dozen homes sold in the $1MM to $1.25MM range including two homes in New Castle, two sales in Rye, a sale at Mill Place in North Hampton and a waterfront home in Dover. In Portsmouth a recently renovated downtown residence eclipsed the $1.3MM mark, an oceanfront home in Hampton went for $1.75MM and a classic North Hampton home with views to the ocean saw $2.2MM. An estate in North Hampton changed hands for $4,000,000 in December. This is more or less on pace with activity in the same period a year ago, when there were twelve homes that sold in this price range. The seacoast currently has a single pending sale over the million dollar mark for a home in Rye.
A glance at today’s inventory reveals sixty-one luxury properties for sale on the seacoast that top the $1,000,000 mark. Two thirds of the luxury inventory is in New Castle, Rye, and North Hampton - but a Portsmouth residence lays claim to the pricing pinnacle with a listing price of $9.5MM. Twenty-three of the properties for sale have reduced their asking price from the initial offering price by an average of ten percent.
Seacoast Luxury Properties Under One Million Dollars
There are 48 Seacoast homes on the market with asking prices between $750K - $999,999. Four homes have pending sales contracts - two new construction homes in Newfields, a North Hampton home in Country Club Estates, and a house at the beach in Hampton.
In the last ninety days there were eight homes that sold in this price range, including three in Rye, a newly built home in Newfields as well as one in Greenland, two in Hampton Falls, and a waterfront home in Durham. Activity in this price range is up a little over the same period a year ago when five homes sold in this price range.
Based on information from the Northern New England Real Estate Network, Inc. for the period November 9, 2006 to February 9, 2008.
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