Hampton New Hampshire Real Estate ~ 2007 Market Recap

Hampton NH Homes | Hampton NH Condos

Hampton NH is one of the few towns here in the Seacoast that's right on the ocean. 

We have the tiniest coast in the US, all 17 miles of it!  And Hampton and Hampton Beach take up a nice chunk of that short coastline.

The real estate market in Hampton this past year showed that the prices of homes and condos were down just a tiny bit, and the days on the market increased just a little bit as well. 

HAMPTON NEW HAMPSHIRE Real Estate Market Information for 2007:

• Homes in Hampton NH showed a slight decrease in the average asking prices in 2007 compared to 2006.  In 2006, the average asking price was $444,048, and this past year saw the average asking price come in at $423,829.  We had 363 homes offered for sale in 2006, and we had 312 homes come on the market for sale in 2007.
  
  
• Average sold prices of Hampton homes reflected a little bit of a decrease this past year.  The average sold price in 2006 was $365,979, and the average sold price in 2007 was $351,419.  That's less than a 5% difference.
  
  
• Average days on the market saw a little bit of change as well.  In 2006, it took an average of 112 days to sell a home in Hampton NH, and it took an average of 134 days to sell in 2007.
  
  
• Sellers, on average, received 95.1% of their last asking price as their final sold price in 2006.  That percentage in 2007 was 95.6% - a little bit of an increase.

• Condos in Hampton NH showed pretty much the same decreases as we saw reflected in the Hampton homes market.  There were 390 condos offered for sale in 2006, with the average asking price of $341,094.  In 2007, we had 394 condos on the market for sale, and the average asking price this past year was $274,269.
  
  
• The average sold prices on Hampton condos saw just a very slight change between 2006 and 2007.  The average sold price in 2006 was $267,467, and in 2007, the average sold price was $259,831.  We had 145 condos sell in 2006, and there were a total of 154 condos that sold in 2007.
  
  
• The average days on the market in 2006 was 150 days, and it was 174 days in 2007.  This number reflects the amount of time it took to sell a condo in Hampton, from the time it came on the market until the time it actually closed.  
  
  
• Sellers received, on average, 97.2% of their last asking price as their final selling price in 2006.  That number in 2007 was 95.1% as their final selling price.

• Hampton is one of the towns in the NH Seacoast area that has a multi-family property market, so I've included these statistics here in this report to show the activity in the last 2 years.
  
  
• Multi-family properties that were offered for sale in 2006 showed an average asking price of $401,875, with 48 multi-families offered for sale that year.  In 2007, we saw 39 multi-families offered for sale, with an average asking price of $585,051.
  
  
• The average sold price of the multi-family properties that sold in 2006 was $386,231, and in 2007, the average sold price was $323,767.  We had 16 multi-families sell in 2006, and we had 9 sell in 2007.  This shows that a lot of those multi-family properties that were offered for sale just did not sell.
  
  
• The amount of time it took to sell these properties showed an average of 142 days in 2006, and 152 days in 2007.  Sellers, on average in 2006, received 96.1% of their last asking price, and in 2007, they received 79.8% of their last asking price.  That's a sizeable change, and with only 9 selling this past year, sellers who sold negotiated pretty heavily to get their properties sold last year.

  




Hampton NH is in a great location - right along the ocean with some very nice sandy beaches.  It's right along I-95, and at the intersection of one of our major east-west commuter corridors, Route 101.  Boston is just 40 minutes south, Manchester is 40 minutes to the west, the mountain for skiing and year-round sports are within an easy drive, Portsmouth is just 15 minutes north, and Portland Maine is less than an hour north. 

It's no wonder so many people love living here in this area of NH and making it their HOME!!  If you're interested in learning more about making Hampton your home,  ........... I'm at your service!!!

                         



                                  
  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