Category — Dover

Dover, New Hampshire Condo Market Report for April 2008

There are currently 97 condos for sale in Dover, NH. The average listing price is $196,152 and the average time on market is 131 days. In April there were a total of 13 new condo listings in Dover with an average price of $211,379.

A total of 6 condos were sold in Dover, NH in April. The average condominium sales price was $189,900  which was 98.4% of the asking price. Condos that sold were on the market an average of 142 days. There were 11 pending condo sales reported in Dover in April with an average listing price of $159,745.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Dover, New Hampshire
April 2008 Single Family Residential Real Estate Market Report

There are currently 191 homes for sale in Dover, NH. The average listing price is $375,958 and the average time on market is 130 days. In April there were a total of 53 new residential home listings in Dover with an average price of $394,797.

15 homes sold in Dover, NH in April. The average sales price was $293,190 which was 94.5% of the asking price. Homes that sold were on the market an average of 179 days. There were 21 pending sales reported in Dover in April with an average listing price of $313,005.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Dover NH - Residential Home Sales Update - March 2008

There were 10 homes that sold in Dover, NH in March. The average listing price was $313,730 and the average selling price was $300,940. Dover homes sold for an average of 95.9% of the last asking price. Time on market was between six and seven months with an average of 203 days.

March saw a total of 15 Dover homes go under contract with an average listing price of $307,640 and an average time on market of just over seven months.

Dover Boasts High Inventory But Few Sales

45 homes were put up for sale in Dover in March. As of today, there are currently 169 homes for sale in Dover, NH. The average listing price is $359,749 and the average time on market is 124 days. This represents a 17 month supply of homes based on March sales and an 11 month supply of homes based on March pending sales.

How bad is the real estate market in Dover?

There were 10 homes that sold in Dover in March - this was just 43% of the home sales that closed in March 2007. Pending sales contracts were also down significantly - the 15 sales contracts that came together in March represented just 55% of the sales contract volume the previous March. The sales price to listing price ratio remains within a 5% range, but average time on market for closed sales has extended nearly 50 days.

What does it all mean?

Buyers have an abundance of homes to choose from in Dover - sellers should pay very close attention to how their properties are priced against the rest of the homes on the market.

Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2008.

Dover NH Real Estate Update - February 2008.

There are currently 157 homes for sale in Dover, NH with an average list price of $363,964.

Overall the real estate story in Dover is similar to other Seacoast communities. Transaction volume in February was down about 30% from last year. There were a total of 13 homes that sold in Dover - the average sales price remained in the same range as last year and the list to sell ratio stayed in the same general range at 97% of sales price.

There were just 12 new sales contracts in February, down over 40% from last year, and the time on market stretched over the six month mark.

40 homes came on the market in Dover last month which was just over twice as many new listings as came on the market last year. The average asking price was up slightly with a 3.6% increase.

Twelve Months Supply Means Buyers Market

Dover’s current inventory of 157 homes for sale represents a twelve month housing supply - a strong buyers market. Sellers should do everything possible to make their property attractive and available to buyers.

Where do you think the Dover market is headed? Leave a comment below!

Based on information from the Northern New England Real Estate Network, Inc. for the period February 1, 2007 to February 29, 2008.

Dover NH - 2007
Residential Real Estate Market Report - Single Family Homes

The Dover real estate market stayed fairly busy in 2007 before showing some slowing November and December in newly pending single family home sales.

How does 2007 compare to 2006?

In 2006 there were 533 homes that came on the market in Dover compared to 435 homes that came up for sale in 2007 - so there were 18.4% less homes that came to market in 2007. Yet there were actually slightly more (five) closed sales in 2007 than in 2006. Approximately 20% of the homes sold in Dover in 2007 were new construction.

Dover homes sold on average for 97.1% of the asking price in 2007.

There were 435 homes that came up for sale in Dover with an average listing price of $359,508. There were 245 homes that sold in Dover in 2007. The average asking price of the single family homes that sold was $333,614 and those homes sold for $323,371 for an average discount from listing price of 2.9%.

Notable sales included a new construction home at The Narrows On The Cocheco for $1,400,000 and a home with a deep water dock on the Cocheco River that sold for $1,140,000.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2006 to December 31, 2007.