Dover New Hampshire Real Estate Market 2007 Recap

Dover NH Homes | Dover NH Condos

Dover NH real estate market showed some strong activity during 2007. Average sales prices increased in homes and condos, average list-to-sell ratios stayed strong, and days on the market remained about the same as in the previous year. The were fewer homes for sale, and yet there were more homes that sold in 2007 than 2006.

This certainly sounds like a fairly robust market to me! Especially when you compare it to all the negative news media reports about how down and dour real estate is.

DOVER NEW HAMPSHIRE Real Estate Market Information for 2007:

• In 2006, there were 533 Dover NH homes offered for sale, and in 2007, we saw 434 homes offered for sale. The average asking price in 2006 was $384,177, and the average asking price in 2007 was $359,899.
  
  
• The average sold price of homes in Dover for 2006 was $309,909, and there were 240 homes that sold that year. In 2007, the average sold price was $323,372, and there were 246 homes that sold this past year.
  
  
• Average days on the market in 2006 was 90 days, and it was 101 days in 2007. Sellers received an average of 97,8% of their last asking price as their final sold price in 2006. And in 2007, sellers realized 97.1% as their final sold price.

• The number of Dover NH condos offered for sale in 2006 was 289, with an average asking price of $200,635. In 2007, we saw 223 condos offered for sale, and the average asking price of those condos was $291,981.
  
  
• In 2006, there were 202 sold condos in Dover, and in 2007, we saw 143 condos sold. The average sold price in 2006 was $160,087, and the average sold price in 2007 was $188,893.
  
  
• Average days on the market in 2006 was 96 was days and it was 118 days in 2007. Sellers realized 98.1% of their last asking price as their final sold price in 2006, and in 2007, they received the same percentage, 98%, as their final selling price.

• In 2006, we saw 103 multi-family properties come on the market for sale, and those had an average asking price of $420,733. In 2007, we saw 57 multi-families offered for sale, with an average asking price of $335,267. This was a big difference, both in the number sold and in the average selling price.
  
  
• The average sold price in 2006 was $306,737, and there were 50 multi-family properties sold that year. In 2007, we saw 46 multi-family properties sell with an average sold price of $380,776. That's a nice little increase in the average selling prices from 2006 to 2007!
  
  
• Sellers received 95.9% of their last asking price as their final sold price in 2006, and it took an average of 107 days to sell. In 2007, sellers realized 94% as their final sold price, and the average days on the market was 109 days. These numbers remained pretty stable over the last 2 years.

Once again, information like this proves that all real estate is VERY LOCAL, and that the media that continues to harp on a 'national real estate market' really need to get a clue and understand that there is NO SUCH THING.

It's really very important for consumers to speak to a local real estate expert, and disregard the broad brush the news continues to paint all of us with. We have good news in the real estate industry right here in our own backyard!

Dover is just northwest of Portsmouth, and actually has a larger population base than Portsmouth does. The University of NH is in the next town over, in Durham. The downtown area of Dover is a great walking area, with a number of restaurants and shops to visit, as well as a waterfront park where all kinds of fun entertainment and community events are held.

If you're interested in learning more about Dover and/or would like make Dover your next home, let me know - I'm happy to offer my services for your real estate needs!

Ann Cummings
RE/MAX Coast to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678 x 3839
Servicing the Coastal Areas of NH & Southern Maine