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Portsmouth, NH Real Estate News

By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Is there a small home in your future?Portsmouth, NH Real EstateIt’s a definite possibility. Over a third of builders surveyed said they built smaller homes in 2023. More than 25% plan to build even smaller homes this year. Here’s why.Here are the reasons whyThe top two home-buying generations are searching for smaller homes. Millennials are looking for starter homes Baby Boomers are looking to downsize Both groups for different reasons don’t require a home of more than 2,500 square feet. Many millennials are moving from either their parents’ homes or smaller apartments and do not need a large detached home as their first house . . . Similarly, baby boomers looking to move may be empty nesters wanting to downsize from their current homesSmaller households are increasing with the majority...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Portsmouth New Hampshire Real Estate Market Update How's the real estate market in Portsmouth NH?  I run into plenty of people who are always interested in knowing how the real estate market is in Portsmouth NH.  Many of them read in the papers and hear on the national news that the market stinks, it's lousy market, blah, blah..... Real estate is so very local, and I always make sure to let people I talk to know that.  Here in my areas in the Seacoast towns of New Hampshire and southern Maine, we've picked up dramatically in the last 4-6 weeks, with loads of appointments, lots of buyers deciding this really is a great time to buy, and sellers wanting to sell who are really tuned into today's market and are realistic in their pricing expectations. So, how's the real estate market doing i...
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By Sue Melhorn, Licensed in NH, ME and FL!
(The Bean Group)
The latest forecast by the National Association of Realtors (NAR) claims that existing-home sales are projected to trend up in 2008.  I definitely see that happening here in the Seacoast.  In fact, Lawrence Yun, Chief Economist for NAR was quoted recently saying, "The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump." Yes, he said did say improvement in the Northeast! Let's check out what's been going on in Portsmouth, NH. 36 homes sold in Portsmouth in April -14 single family homes, and -22 condos.  Year-to-date, 87 homes have sold in Portsmouth, NH: -33 single family homes -51 condos, and -3 mobile homes In addition, 7 Portsmouth homes went pending with active contracts in Ap...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Portsmouth New Hampshire Condos For SalePortsmouth New Hampshire Condo Buyers - have we got some great condo choices for you if you're looking to buy now! This is a terrific time to be a buyer, actually the best time in many years due to the lower interest rates, lower prices than we've seen in a number of years, and the variety of choices available.  All of that combined with this super Seacoast location - come on out and start shopping for your new condo today!!   Here in Portsmouth NH, we currently have 87 condos for sale, and they range in price from $126,500 to $1,250,000.  And our condos vary greatly, from condos in condo complexes to condos and townhomes in converted historic buildings to luxury penthouses in the heart of downtown Portsmouth. The links below will show you a sampl...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 24 For April 27-May 2, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 2,340 (Last Report 2,340)Price Range $54,900-$9,500,000Total New Listings This Report 104 (Last Report 144)Price Range $54,900-$1,450,000Total Pending This Report 30 (Last Report 49)Total Withdrawn This Report 19 (Last Report 25)Total Expired This Report 75 (Last Report 30)Total Sold This Report 72 (Last Report 48 )CondosTotal Listings Available 933 (Last Report 950) Price Range $58,000-$1,250,000Total New Listings This Report 39 (Last Report 46)Price Range $80,000-$1,250,000Total Pending This Report 21 (Last Report 21)Total Withdrawn This Report 10 (Last Report 7) Total Expired This Report 31 (Last Report 8 ) Total Sold This Report 18 (Last Report 25)S...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 23 For April 19-26, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 2,340 (Last Report 2,340)Price Range $54,900-$9,500,000Total New Listings This Report 144 (Last Report 117)Price Range $109,900-$2,975,000Total Pending This Report 49 (Last Report 32)Total Withdrawn This Report 25 (Last Report 28 )Total Expired This Report 30 (Last Report 34)Total Sold This Report 48 (Last Report 43)CondosTotal Listings Available 933 (Last Report 950) Price Range $58,000-$1,250,000Total New Listings This Report 46 (Last Report 33)Price Range $79,000-$795,000Total Pending This Report 21 (Last Report 18)Total Withdrawn This Report 7 (Last Report 17) Total Expired This Report 8 (Last Report 14) Total Sold This Report 25 (Last Report 16)Shanno...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 22 For April 11-18, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 2,340 (Last Report 2,230)Price Range $54,900-$9,500,000Total New Listings This Report 117 (Last Report 302)Price Range $88,900-$2,250,000Total Pending This Report 32 (Last Report 91)Total Withdrawn This Report 28 (Last Report 57)Total Expired This Report 34 (Last Report 119)Total Sold This Report 43 (Last Report 84)CondosTotal Listings Available 933 (Last Report 950) Price Range $58,000-$1,250,000Total New Listings This Report 33 (Last Report 121)Price Range $58,000-$379,900Total Pending This Report 18 (Last Report 25)Total Withdrawn This Report 17 (Last Report 22) Total Expired This Report 14 (Last Report 69) Total Sold This Report 16 (Last Report 32)Shan...
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By Sharon Tara, Retired New Hampshire Home Stager
(Sharon Tara Transformations)
A recent staging job has resulted in a creative way to replace personal photos.   This home had a beautiful arrangement of photos on a wall.The arrangement really worked well there, perfectly centered  between two wall sconces.For staging purposes, the family photos had to go. However, the homeowner didn't have anything to put in their place.They didn't want to invest in new wall art, and they didn't want to have to deal with filling the nail holes and touching up the paint if we left the wall bare. I took some photos around the property and emailed them to the seller.  She printed them and put them in the frames in place of the family photos.They look beautiful! As a personal bonus,  the whole arrangement could be left with the house for the new owners.  Here are the photos we used: A ...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
                                       Portsmouth New Hampshire Homeowners - Do You Need to Sell  Your Home or Condo?Homeowners in the Portsmouth NH Seacoast areas are lucky to be in an area where the interest level in living in such a gorgeous area hasn't caused our market to drop as much as some real estate markets in other areas around the country.  Our sales are off a little compared to the fast-paced markets of just a few years ago, and because of that, if you have a home or condo that you need to sell fairly quickly in today's market, you need to be aggressive in several ways to bring about a sale.Here are 5 mistakes to avoid when selling Portsmouth NH homes and condos in today's real estate market:1)  Showing Your Home Before It's Ready - we have a saying in real estate, "You nev...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
                                     Portsmouth New Hampshire Homeowners - Spring is HERE!  With the advent of spring, thoughts turn to buying and selling real estate in the Portsmouth New Hampshire and Maine Seacoast areas.  If you're a homeowner thinking about putting your home on the market, you really want to create some great curb appeal that beckons buyers from the road to come on in and see the rest of what awaits them inside.Creating nice curb appeal doesn't have to cost a lot of money.  There are plenty of things you can do that are pleasing to the eye and really cause potential homebuyers to want to see the inside of your home.  There's an old saying, ‘you never get another chance to create a really good first impression', and in real estate, that is so true.Here's a list of e...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Living here in Portsmouth New Hampshire is a pretty wonderful thing.  We're right on the coast, with the Atlantic Ocean at our door and Portsmouth Harbor right here as well.  Our coastline is very picturesque - sandy beaches, rocky points, small cliffs - quintessential New England coastline. Because of our location, we're blessed with some beautiful landmark lighthouses.  I thought I'd share with you some of the wonderful lighthouses we have here along the coast of New Hampshire and along southern Maine's coastline.Nubble Lighthouse, as most know it, is the most famous lighthouse here in this area.  It's real name is Cape Neddick Lighthouse, but I've never heard too many call it that.  Isn't it beautiful?  It's just gorgeous to see in person!  It's in York Maine, actually Cape Neddick M...
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By Sharon Tara, Retired New Hampshire Home Stager
(Sharon Tara Transformations)
Here are some of my photographs taken in the Portsmouth, NH area.  
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By Bill Somerset, ABR, e-PRO - Realtor - NH Real Estate Agent
(Re/Max Realty Group)
This week, my father and I, (Oscar Somerset), were fortunate enough to have some very nice weather for our photo shoots.  In a combined effort with my father, Oscar Somerset, of  http://www.8thwondersphotograph.com/  ,  we have been out on a weekly basis, taking photographs of towns and cities in New Hampshire, and will continue in Maine, for visual tours that I will be adding to my site http://www.billsomerset.com/ .This week we had the chance to take photos in Portsmouth New Hampshire. Portsmouth is one of my favorite places to visit in the summer.  From the beautiful scenery, to some of the areas greatest restaurants, Portsmouth is a destination for the whole family to enjoy.               Portsmouth, New Hampshire is a city in Rockingham County, New Hampshire in the United States of...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Historic Portsmouth New Hampshire - Scenes Around Downtown PortsmouthI am lucky to live in such a beautiful and historic town as Portsmouth NH!  And I wanted to show off some of the wonderful and beautiful places and people and things that I love about living here in the Portsmouth Seacoast areas of New Hampshire and Maine.  I love living here and making my home in Portsmouth NH, and sharing pictures from around the area.I hope you'll enjoy these pictures today that show off our beautiful and historic downtown Portsmouth New Hampshire!We have a lot of old brick buildings downtown, most are the homes of restaurants, shops, galleries, boutiques, and more.  Those are on the street level floors, and most everything above the street level are residences - condos and apartments, with a few of...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 21 For March 27-April 10, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 2,230 (Last Report 2,104) Price Range $59,900-$9,500,000 Total New Listings This Report 302 (Last Report 96) Price Range $108,000-$2,800,000 Total Pending This Report 91 (Last Report 31) Total Withdrawn This Report 57 (Last Report 21) Total Expired This Report 119 (Last Report 30) Total Sold This Report 84 (Last Report 25)CondosTotal Listings Available 950 (Last Report 907)  Price Range $74,500-$1,195,000 Total New Listings This Report 121 (Last Report 36) Price Range $75,000-$789,900 Total Pending This Report 25 (Last Report 14) Total Withdrawn This Report 22 (Last Report 24)  Total Expired This Report 69 (Last Report 12)  Total Sold This Report 32 ...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Portsmouth NH Homes and Condos Owners - if you're thinking about selling, there are things you need, and should, do before you actually put your home or condo up for sale.  You'll want to take a good slow walk around the outside of your home, and do some sprucing up to get that ready for the spring selling market.  "Spring Home Selling Tips" will give you some great ideas on doing just that.And now you'll want to do some work on the inside of your home or condo - make it really stand out to those potential Portsmouth real estate buyers who come to look at your home.  The old saying, "You never get a second chance to make a really good first impression", really is so true when it comes to to real estate.To help you get the inside of your home ready for the real estate market, here are 10...
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By Sue Melhorn, Licensed in NH, ME and FL!
(The Bean Group)
On Saturday, April 12th, a local team supported by a good friend of mine will be walking for Multiple Schlerosis.  The five-mile route starts at 10 a.m. at the Portsmouth Middle School.Multiple Schlerosis is a devastating disease that affects 14,000 individuals in New Hampshire and Massachusetts, and 400,000 people across the country.  Those participating and donating their time to this walk are doing what they can to help and hopefully someday their efforts will help find a cure for this disease.For every $1.oo raised for Multiple Schlerosis, 85 cents goes towards MS education, support, advocacy and research to help people with multiple sclerosis; 12 cents go towards fundraising; and 3 cents goes towards administration.  If you are interested in walking, feel free to stop by April 12th...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Good news (and not too surprising) - Portsmouth is a stable investment for purchasing housing with some excellent opportunities for both Buyers and Sellers. There were 59 homes sold in Portsmouth during January 1 through March 31, 2008. They ranged in sold price from $110,000 to $1,150,000. Average sale price was $312,849. During the same period of time in 2007 the average sale price was $324,232. A difference of only (-3.6%).With our wintry weather and record snow falls it is amazing to know that Buyers are still out there and moving during all that challenging weather. During first quarter of 2007 there were 61 homes sold in Portsmouth. But the average days on market was 176. This year the average days on market is down to 120. This is good news because it shows homes selling faster e...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Are you a Portsmouth NH homeowner thinking of selling your home or condo?  Do you have a multi-family in the Portsmouth area that you're thinking about selling?  If so, this pricing information may help you price your real estate correctly right from the start.Your asking price on your home or condo is the single most important component of getting your home or condo sold.  Sure, the condition and the location both play major roles, but the price you put on your property is the cricitical factor as that takes into account both location and condition.  And to help determine the correct price for today's market, you need the advice from a full-time experienced REALTOR.  Your REALTOR will use their experience, knowledge of the market place and market conditions, and their professional trac...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 20 For March 20-26, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 2,104 (Last Week 2,067) Price Range $59,900-$9,500,000 Total New Listings This Week 96 (Last Week 208 ) Price Range $59,900-$1,595,000Total Pending This Week 31 (Last Week 92) Total Withdrawn This Week  21 (Last Week 46) Total Expired This Week 30 (Last Week 87) Total Sold This Week 25 (Last Week 58 )CondosTotal Listings Available 907 (Last Week 911) Price Range $72,900-$1,337,000 Total New Listings This Week 36 (Last Week 85) Price Range $83,000-$1,195,000Total Pending This Week 14 (Last Week 15) Total Withdrawn This Week 24 (Last Week 25) Total Expired This Week 12 (Last Week 28 ) Total Sold This Week 13 (Last Week 18 )Shannon Aldrich, Keller Williams Co...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
If you're a homebuyer in the Portsmouth New Hampshire real estate market, a whole new option has now opened up for you with the recent increase in the FHA loan limits.  I wrote a post a little bit ago annoucing the increases for the New Hampshire Seacoast areas of Rockingham County and Strafford County.  If you missed it - check out this post for the loan limits in various housing categories --- >> Portsmouth NH Real Estate - Great News on New FHA Loan Limits!! FHA is a little more forgiving when it comes to a person's credit history.  If you're gone through a Chapter 7 bankruptcy (either you or your spouse/partner), the discharge date of the bankruptcy need to have been at least 2 years ago.  This 2 year period is marked from the DISCHARGE date and not from the FILING date of bankruptc...
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