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Shannon Aldrich ~ NH & Maine Real Estate Seacoast

Rye NH Real Estate Market Report - Q1 2008

Rye Harbor Entrance by Shannon AldrichRye is a community by the Sea. Home to Odiorne Point State Park, Abenaki Golf Course, Wallis Sands State Beach, Jenness Beach, Saunders at Rye Harbor and Petey's Seafood! There are approximately 2,176 homes in Rye and 1,462 are lived in year-round.

Rye's housing market has remained stable from 2007 to 2008. During the first quarter of 2008 there were 14 homes sold compared to 15 sold in 2007. Days on market have remained relatively constant - 159 days average in 2008 and 153 days average in 2007.

Average sold price in 2008 has been $600,863 and in 2008 it was $641,950. Rye has housing in a wide range of prices and locations. Currently there are 63 homes available and they range in price from $294,900 to $3,950,000. There are 8 homes pending final sale in Rye as of this writing.

Summer is coming (finally) and Rye NH is a great destination for your vacation home!

Interested in a home in Rye? Search MLS 24/7

Visit The Seacoast Sold Report for more information about Rye and surrounding towns

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Berwick ME Real Estate Report - Q1 2008

Berwick, Maine - Incorporated Ninth Town in Maine

Berwick, Maine is a small town on the Maine/New Hampshire border of 6,353 resident according to the 2000 Census. During the first quarter of 2008 there were 7 home sales. There were no sales in January but the average days on market are currently around 130 and the average sale price is $131,819. This number is low due to the fact that January saw no home sales. During the same time period in 2007 there were 14 homes sold at an average price of $180,247 and it took 119 days on average. With the snow we have been seeing over this winter, I am surprised that anyone braved the elements to look at houses. There are currently 68 homes for sale and they range in price from $109,900 to $625,000. And there are 5 homes currently pending sale. We will have to watch through the second quarter of 2008 in order to see if this has been a market downturn or simply a symptom of the most amazingly snow bound winter I have ever seen.

Visit The Seacoast Sold Reportfor more information about Berwick and surrounding towns

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Rochester NH - Real Estate Report Q1 2008

City Seal of Rochester NHRochester is the 5th largest City/Town in New Hampshire with 30,117 residents according to the 2006 Census. There are 13,324 housing units in the City and currently there are 257 single family homes & condos on the market. Homes in Rochester are ranging between $39,900 and $689,500.

In reviewing the first quarter of 2007 to the first quarter of 2008 we see a drop of 30% total units sold. In 2008 we sold 72 homes whereas in 2007, 103 homes were sold. The average sale price has also dropped by 10% from $192,167 to $173,049. Average days on market have increased by 34 days. It will take a whole month more to sell a home in Rochester. 150 days is the average for homes sold in 2008. We will have to wait until the end of the second quarter to know if this down turn is the market or the fact that we had record snow falls this winter. You could barely see a sign since they were all buried hip deep in snow banks.

Rochester offers a lot of opportunities for investors and first time home buyers. For Sellers it would be wise to carefully review your assesed value prior to putting your home on the market. Properties have been selling below their assesed value on a fairly regular basis. Realistic pricing is key in getting your house sold in today's market.

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Visit The Seacoast Sold Report for more information about Rochester and surrounding towns

Dover NH Real Estate Report - Q1 2008

Bellamy Woods by Shannon AldrichDover is the town I grew up in and I have an enduring fondest for it. We have definitely seen some changes when reviewing the first quarter of 2007 to the first quarter of 2008. In 2007 there were 94 single family homes & condos sold and in 2008 that number has dropped to 61. That computes to a 35% drop in total units sold. Granted we did just live through the snowiest winter on record. Not an easy time to look at houses let alone move in.

The first three months of 2008 did see a slight decline in average sales price to $270,079 vs. $281,254 for the same period in 2007. A 4% decrease is more than acceptable but 102 homes came on the market during this time. That is quite a bit of unsold inventory. The average days on market have also increased. In 2007 it took an average of 122.33 days to sell a home in Dover - we are currently looking at 151 days on market average.

There are currently 262 homes for sale in Dover ranging in asking price from $129,500 to $2,500,000. If you are interested in living in Dover there are a lot of homes to choose from. Now would be the time to offer realistic values for the homes available. In order to reduce the inventory, Sellers may have to become even more resilent about their pricing. We are currently looking at over 12 months of inventory to be sold. Reasonably priced homes will sell no matter the general market.

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Visit The Seacoast Sold Report for more information about Dover and surrounding towns

Portsmouth NH Real Estate Report - Q1 2008

Martingale Deck by Shannon AldrichGood 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 even with our wintry weather. And it tilts the scales in Portsmouth from a stable to almost Buyer's Market (6 months or more on market) to more of a Seller's Market (Less than 6 months on market). Homes are being more realistically priced and are selling.

New listings for Q1 is 105 homes entered the market. They range in asking price from $184,900 to $1,295,000. We currently have 137 single family residential properties & condos available in Portsmouth. Asking price range is $184,900 to $9,500,000.

Portsmouth is a great City to live in, I have lived downtown for more than 20 happy years. Arts, theater, great restaurants, live music, fun shopping and proximity to the water are all part of the appeal for living here. If you are looking to buy or sell in Portsmouth give me a call so I can share my love for this City with you!

Interested in finding out more about Portsmouth? Search MLS 24/7

Visit The Seacoast Sold Report for more information about Portsmouth and surrounding towns

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