Portsmouth NH | SPRING REAL ESTATE MARKET RALLIES ON WITH RECORD PENDING SALES

PORTSMOUTH NH — The spring seacoast real estate market is shaping up to be the best in at least three years.

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There were a record number of single family and condominium pending sales in April in the 13 sample seacoast towns, according to the Seacoast Board of REALTORS.

The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth Rye, Seabrook and Stratham.

Portsmouth NH Homes for sale

This beautiful Portsmouth NH Home for sale in located at 243 Wibird Street.

The 90 April pending single family sales are 18 more than the previous record set last May. There were 67 sales in the month, up 15.5% from last year. They were paced by 21 sales in the $400,000-$700,000 price category, nine more than last year at this time.

Meanwhile, the median sales price of a seacoast single family home was $369,800 up 21.7% from last year.

Portsmouth NH waterfront homes and listings for sale

Any Portsmouth NH home is just a few minutes from the beaches and harbors.

While the 35 pending condominium sales are also a new three-year record, condos again recorded a mixed bag of sales results. The average price of a condo was up 10.52% from last year at $210,000, but fell to its lowest level in three months in 2013. Closed sales also were off .06% from a year ago.

In the face of torrid demand,  inventory levels continue to shrink.  Available single family units dropped 21.1% from a year ago, while condominium inventory is off 17.2% from last year.

“Warmer weather in the Seacoast is leading to a hot market.” says Seacoast Board of Realtors President Jim Lee. “The shortage of inventory is leading to multiple offers and in some cases, bidding wars, with properties selling over the asking prices.” Lee said.

If you have any interest in buying or selling a home in the Portsmouth NH or New Hampshire Seacoast area my partner Ann Cummings and I would love to talk with you.

Most customers and clients find it easier just to call us direct; Ann’s direct number is (603) 501-3839 and mine (Jim) is (603) 501-3801. Both these number follow us where ever we are and will be only be answered by us.

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Content published by Jim Lee

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Portsmouth NH Real Estate | Portsmouth Weather Cold, Sales Hot

SEACOAST SINGLE FAMILY SALES CONTINUE AT RECORD PACE

Portsmouth NH Downtown after a recent snowfall.

Portsmouth NH Downtown after a recent snowfall.

PORTSMOUTH, NH—Single family and condominium sales in the 13 Sample Seacoast Towns reached at least a three-year volume high for February in statistics released this week by the Seacoast Board of REALTORS.

It was the second straight month single family sales hit record levels.The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth Rye, Seabrook and Stratham.
The numbers were achieved even though inventory levels fell 22.8% from last year for single family homes and 10.7% for condominiums. Inventory shortage is becoming a national trend, according to the National Association of REALTORS. Still, there were 429 single family units and 242 condos on the market as March began.

With inventory on the decline, prices jumped in the past month. The median sale price of a single family home was $353,000 up an eye-popping 54.48% from 2012. Condo prices also registered a healthy 14.29% gain to $239,900.

Portsmouth NH Real Estate Lilstings

Sunrise in Portsmouth NH over the south mill pond

On the single family side, sales were up 41% from last February, though down 6.7% from last month. Some 63.6% of those sales were for homes priced less than $400,000. Condo sales were up a solid 31% from a year ago, but off 12.5% from last month. The bulk of the sales—71.4%–went for less than $300,000.

Seacoast Board of Realtors President Jim Lee said that “despite cold winter temperatures Seacoast home sales have been hot.” Lee also said “We’re starting to see multiple offers on homes again.”

Portsmouth NH Real Estate Listings

Welcoming light in the window after a snowfall.

“Homes are selling faster because inventories are low and buyers don’t have the luxury of waiting weeks or even days anymore to make a buying decision when they find a home they like.”

If you’re thinking of buying or selling real estate in the New Hampshire Seacoast or southern Maine areas, we would love you to call us. My partner Ann Cummings and I have worked with literally thousands of buyers and sellers just like you over our real estate careers. Here’s what just a few had to say about us and our services.

We’re easy to reach; My direct number is 603-501-801 and Ann’s is 603-501-3839, email us at Jim@JimLee.com or Ann@AnnCummings.com. Contact us now if you have a real estate need, we’re ready to go to work for you.

 

Content published by Jim Lee

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Foggy Day In Portsmouth NH | Portsmouth NH Real Estate

This past Sunday turned into a very foggy day in Portsmouth NH. Around noon we decided to drive out to Newick’s Lobster House at Dover Point for lunch. Below is a photo I shot through the window looking out toward Newick’s dock and Little Bay.

foggy day on the dock in Portsmouth NH

 

One of the truly cool things about living in Portsmouth NH and  the New Hampshire Seacoast is the ever changing weather. You can have thick fog like this in the morning hours but by afternoon it can clear off and be nice and sunny.

This past Friday we also had some early morning ground fog. This was the scene at a local Portsmouth NH cemetery.

Early morning fog in a Portsmouth NH cemetery

 

 Of course Portsmouth NH also has more than its share of bright, sunny days as well but I find the few foggy days like these past two give you a better appreciation of great weather.

If you have a question about Portsmouth NH you can find lots of great Portsmouth photos and facts here.

NewHampshireMaineRealEstate.com is the place to find homes, condos, investment properties, and all other New Hampshire Seacoast and southern Maine real estate.

 

Content published by Jim Lee

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Portsmouth NH Real Estate Sales For June | Portsmouth NH Real Estate

PORTSMOUTH NH—June sales of single family homes among the 13 sample seacoast towns recorded a 6% monthly gain, making June the strongest month of the year to date, according to the Seacoast Board of REALTORS.

 

After May’s record month, a less typical June could have been expected. June is normally the strongest month of the year. However, once again that tradition was upheld albeit the 105 sales recorded was one less than last June.

Two new all-time records for any month were set in June with 37 sales in the $400-$700,000 price range (up 76% from last month) and in the $700,000 to $1million range with nine sales, three more than last month.

Second quarter results were up 8.8% from a year ago and 77% from the first quarter. For the year, total sales are up 9.1% from 2011.

Meanwhile, the year’s condo rally cooled with sales off 13.7% from last month but still up 18.9% from last year. The month set a new high for the year in sales from $600,000 to $1 million with four sales. Second Quarter totals reveal a staggering 33.6% gain from 2011. Total condo sales for the year are a robust 27.4% ahead of 2011.

“The market is continuing to recover,” said Lauren Kane, President of the Seacoast Board of REALTORS. “Improving sales in the higher price points is significant because there hasn’t been a lot of movement in that bracket in the recent past. It’s encouraging that buyers recognize opportunity and are taking advantage of it.”

Good news for the Portsmouth NH real estate market; Visit:

NewHampshireMaineRealEstate.com

to see all Seacoast NH and southern Maine houses, condos, land, and commercial real estate for sale.

My partner Ann Cummings and I are happy to answer any of your Portsmouth NH real estate questions or help you buy or sell a house.

RE/MAX Coast To Coast Properties; (603) 431-1111, extension 3839 for Ann, 3801 for Jim, or text Jim at 865-679-5262.

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Hampton Beach NH Sand Sculpting Competition | Portsmouth NH Real Estate

Friday afternoon we met some friends for dinner at McGuirk’s Ocean View Restaurant & Pub on Hampton Beach NH. We knew the annual beach sculpture competition was going on so we got there early and went down to have a look before dinner.

Hampton Beach NH Sand Sculpture Competition. Sand artists from all over the the United States and Canada come to compete in this annual event held in Hampton Beach NH.

Master sand sculptors from both the United States and Canada participate and it’s totally amazing to see the works of art they create using nothing but sand, water, and lots of talent. The sand sculpture in the photo above stands about 6 feet tall so you quickly realize these sculptures are nothing like you built as a child with your little pail and shovel.

We got there as they were preparing to stop for the evening and watched the sculptors spray down their creations for the night. In the video below they’re using a mixture of 1 gallon of Elmer’s glue to 3 gallons of water to form a coating on the outside and protect the works from wind and rain erosion overnight. The water/glue mixture forms a thin coating on the outside sort of like the candy coating on an M & M.

Here’s a few of the pieces we saw. The one below is a pair of some sort of fantasy, horse like animals holding a cone between them. It becomes more amazing when you know these are just sand and water; they are not allowed to mix anything with the sand to make it hold together better but they do get to coat the outside like the video shows above.

These Hampton Beach NH Sand Sculptures depict two fantasy horses holding some sort of cone between them.

The car sculpture below was my favorite. Each contestant is supplied with 10 tons of special sand they haul in especially for this event. The sand comes from a New Hampshire quarry and has flatter grains than the regular, rounded beach sand and sticks together better. Each sculptor also gets two 55 gallon drums of water to wet their sand with.

Hampton Beach NH Sand Sculptures | This is my favorite, I love this old street rod created in sand. It was fun to visit the sand sculpture competition.

In the photo below you can see how each sculpture starts out. The contestants fill a wooden or plastic form with sand, wet it down, and then tamp the sand firmly to form a more solid mass to work with. They then stack the forms on top of each other or spread them out depending on the size and height of the sculpture they intend to create. After all the sand is in place and wet down they remove the wooden forms and begin sculpting the big blocks of sand.

This one is going to be a winged creature of some sort, just not sure what. Hampton Beach NH Sand Sculptures

You have to look closely at the one below to see that it’s a large mask of some sort laying at a 45 degree angle. This sculpture competition is a time event and each artist can work up to 8 hours a day for 3 days on their entry. It’s pretty fascinating to watch the whole process unfold from start to finish.

This one is a little out of the mainstream too. It's a stylized mask of some sort laying on its side. An interesting entry at the Hampton Beach NH Sand Sculpture Competition

These amazing sand creations will be on display at Hampton Beach through July the 8th and are lit for night viewing. Tonight at 8:00 PM is the awards ceremony so we’ll know who won. There are 5 prizes with 1st prize worth $3,000, 2nd through 5th  place for lesser amounts, and the People’s Choice award getting a check for $500. There’s also a big fireworks show at 9:30 PM to close out the competition.

This creation had sort of a fairy tale quality to it. I'm looking foward to seeing the finished product and know what it represents. Hampton Beach NH

Hampton Beach is only about 12 miles from Portsmouth so it’s easy for us to hop in the car and drive down for a visit or a day at the beach. Lots of happy people own second homes and condos on the New Hampshire Seacoast. If that’s something you’ve ever thought of take a look at NewHampshireMaineRealEstate.com to see what’s available now.

There are lots of interesting and fun things to do going on the in New Hampshire Seacoast almost every day. Sometimes it’s fun to just enjoy walking around downtown Portsmouth and people watching.

My partner Ann Cummings  and I are Portsmouth residents and are happy to answer any area questions you may have and to help with your New Hampshire Seacoast and southern Maine real estate needs.

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Vintage cars in Portsmouth NH | Portsmouth NH Real Estate

This past weekend in Portsmouth NH was pretty nice weather wise and it brought out several vintage cars that only see daylight when their owners believe there is no chance of rain or bad weather.

While not fitting the local vintage car mold we spotted this gem first on Saturday evening. It’s a 1956 Ford station wagon.  We followed them to Islington Street where they parked and we exchanged some pleasantries and got a nice photo.

Classic 1956 Ford in Portsmouth NH  1956 Ford station wagon in Portsmouth NH

Turns out the driver and his wife are from Birmingham, Alabama and on their way to Maine to visit his mother. They were stopping over in Portsmouth NH for the night. The little red trailer being towed is a full sized, old Coca Cola cooler like you used to see in grocery stores.

Next on Sunday morning we noticed this very slick looking Chevrolet El Camino parked at a local restaurant, not sure of the year.

Chevrolet El Camino in Portsmouth NH  Chevrolet El Camino in Portsmouth NH

It too was getting plenty of envious stares from several Portsmouth NH car lovers.

And Sunday afternoon, we ran across the the coolest car of the weekend bunch; this gem

Auburn Speedster in Portsmouth NH, not a sight you see everyday.  Beautiful classic car in Portsmouth NH

And yeah, it was a 3 photo car. This is an Auburn Boattail Speedster from the 1930s cruising down the Portsmouth NH streets.

This Auburn Boattail Speedster was one of the most distinctive looking of all classic cars because of the unusualy trunk design that resembled the bow of a boat hence the name.

They were called “boattail” because of the very distinctive shape of the trunk that looks like the bow of a boat.

I love classic cars and it’s always a treat for me to see one either parked or driving down the Portsmouth NH streets.

My partner Ann Cummings and I are in the real estate business serving the Portsmouth NH Seacoast areas as well as southern Maine. If you have a classic or any other sort of car and needs a nice house with a garage to keep your car in give us a call. We specialize in NH Seacoast and Portsmouth NH Real Estate. RE/MAX Coast To Coast Properties, 603-431-1111, extension 3839 for Ann and 3801 for Jim

You can also do some garage searching on our website: NewHampshireMaineRealEstate.com as well as finding lots of other great local information and photos.

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