August Portsmouth Condo Sales Keep On Pace With Prior Month

Portsmouth NH - August 2007
Condominium and Town Home Market Report

Condo sales in August were very similar to July numbers.

While August saw the same number of condos come on the market as in July - 26 - the average asking price of $355,977 was down significantly over the July average listing price of $406,256.

New contracts were on par with July. 13 condos went to contract with an average listing price of $338,654.

19 condo sales closed at an average of 97.4% of the asking price. The average sales price for closed units was $305,179. The average time on market hit a record low for the year at 78 days on market.

Notable sales included a Harbour Place condominium with waterviews of the Piscataqua that sold for $827,000. There were four sales at Spinnaker Point and two Tidewatch closings.

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