Sea Coast real estate updates

admin — Sun, 25 Oct 2009 22:42:24 +0000

The Sea Coast real estate market, found in the coastal portion of New Hampshire, is heavily influenced by the real estate market of the rest of New Hampshire, given the state’s small population and small physical size. The primary difference between the two markets is that Sea Coast properties tend to have higher prices than those in the rest of the Granite State, a fact at least partially attributable to the location of these houses on or near the water front. The northern part of New Hampshire, somewhat detached from the situation on the Sea Coast, is expected to rally sooner rather than later, according to an article in the New Hampshire Union Leader. This piece, written by Lorna Colquhoun on October 16, 2009, noted that “Homes in Coos County priced up to $50,000 move swiftly in the real estate market, but there is an oversupply of houses in the $100,000 to $200,000 range and buyers aren’t tempted right now, according to Franconia Realtor Andy Smith.”

Sea Coast homes for sale, if they are consistent with the trends reported by an October 17, 2009 article originally reported by the Associated Press. The piece, released on WBZTV 38′s website, found that “Home sales in New Hampshire during the three months ending in September were up slightly from the third quarter of 2008. That word from the New Hampshire Association of Realtors marks the first year-to-year increase in quarterly home sales seen since 2004. It’s still seen as a buyer’s market for homes in New Hampshire, though. Year-to-date, the average price for a home was about $214,000, down 11 percent from the $240,000 recorded in 2008.”

The same positive news was reported by a news blog of the Nashua Telegraph, released on October 16, 2009, which found that “For the first time since 2004, New Hampshire home quarterly sales have increased over the same period a year ago, according to the New Hampshire Association of Realtors. Sales data released Friday by the group said the number of residential unit sales for the third quarter 2009 was 3 percent more than sales in the third quarter 2008 – rising from 3,164 in 2008 to 3,273 in 2009.”

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Sea Coast real estate updates