The Seacoast Board of Realtors has a press release about springtime sales in the Portsmouth area. Springtime is looking pretty good for buying and selling.
SPRING SINGLE FAMILY AND CONDOMINIUM SALES SURGE
PORTSMOUTH—The Seacoast real estate market is off to a very healthy spring. March sales of single family homes in the 13 Sample Seacoast Towns surged a remarkable 88% and sales of condominium units jumped 67% as buyers took advantage of improved weather, low mortgage interest rates and attractive asking prices.
According to the Seacoast Board of REALTORS, forty-nine of the 62 single family transactions were for less than $400,000, but there were also three sales in the $700,000 to $1 million range, the best performance for the year to date. Pending sales were off 4% from February, but the total number of transactions was 3% more than a year ago.
Condominium sales held their own as well. Although vastly improved from February, total sales equaled last year’s total of 25. Still, that number may be about to look much brighter. March was the best month by far in 2011 with pending sales almost double what they were in February. All but five of the 20 total transactions were for units priced under $300,000.
“We had a lot of hardy REALTORS and determined buyers trudging through snow on cold wintery days to compile these great results for March,” said Jim Therrien, President of the Seacoast Board of REALTORS. “Just image what can happen with longer nice spring days and more daylight. We have lots of inventory, reasonable pricing and record low mortgage rates. I think it is a formula for spring time success.”
To ‘spring’ into a home of your own this year visit our website at Portsmouth New Hampshire Homes.com .
If you have a home in the New Hampshire or southern Maine Seacoast area your thinking of selling now or in the near future, Ann and I would love to talk with you about marketing your home with every real estate tool in our toolbox.
Have a happy spring.