Portsmouth Condo Market Active In January

Portsmouth NH - January 2007
Condominium and Town Home Market Report

In 2006 174 Condominium and Town House units sold for an average of $304,906. On average the units sold for 97.4% of the asking price and were on the market for 111 days. The total selling price of all closings in 2006 was $53,053,728.

January 2007 saw 15 condos put on the market in Portsmouth at an average listing price of $396,533. During the same period 15 condos went under agreement with an average listing price of $374,813 and 125 average days on market. 9 condo contracts closed at an average selling price of $366,333 which was 96.9% of the asking price on average and an average 133 days on market.

Sold condos ranged from a two bedroom at Riverbrook that sold for $160,000 to two notable sales at the top end of the price range. Both notables were part of high profile new construction projects in Downtown Portsmouth. A 2 bedroom condo sold at 10 Congress Street for $777,000 and a 2 bedroom unit sold at Harbour Hill for $625,000.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2007 to January 31, 2007.