Category — North Hampton

North Hampton, New Hampshire
March 2008 Single Family Home Market Report

There are currently 50 homes for sale in North Hampton, NH. The average listing price is $884,322 and the average time on market is 205 days.

4 homes were put up for sale in North Hampton last month with an average listing price of $892,450. As a point of comparison in March 2007 there were 10 new listings.

There was only one home that sold in North Hampton last month. The sales price was $314,000, which was 95.2% of the asking price and the home was on the market for 287 days. Last March saw 3 homes sell in North Hampton with four pending sales contracts.

There were no homes that went under contract for sale in North Hampton in March. A year ago there were four pending sales in March.

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

13 Pond Path is a Southern Georgian Colonial Reproduction located in Country Club Estates, a mature neighborhood comprised of custom built homes located in the Little Boars Head Village District of North Hampton. Sited in close proximity to the Atlantic Ocean, Rye Beach Village and Abenaqui Country Club, this location has much to offer.

Originally developed approximately 20 years ago, the homes that populate the neighborhood all subtly exude the styles of their original owners. If you are searching for a comfortable neighborhood to settle into but eschew the cookie cutter McMansion feel of more recent forays into neighborhood development then Country Club Estates may be just the vintage you are looking for.

13 Pond Path was custom built in 1985; the original owner is now offering it for sale. The home is perched on a slight elevation and is set just far enough back from the road that casual passers by may still appreciate the level of exterior detail that this Southern Georgian Colonial endears.

The lot choice was of the utmost importance to the current owner. It engenders the familiarity of a neighborhood but allows the privacy that nearly everyone desires. The lot itself is substantial with an area of 2.6 acres. There is abundant natural screening on either side of the home as well across the road from the property. The generous grassy yard backs up to a densely wooded area providing additional privacy. If you were to make your way through the woods you would find yourself on the grounds of the estate of a standing United States Senator, or just back and to the east on the fairways of Abenaqui Country Club, one of the most highly regarded golf courses in the region.

It is generally a safe assumption that many colonials, either original or reproductions, by definition, must be dim and dowdy, with low ceilings and tiny rooms. This is simply not the case here. The home itself is well laid out, effortlessly evoking the spirit and classic charm of the colonial era - yet the abundance of windows, gleaming pegged pine floors, and smoothly flowing spaces allow the home to feel spacious and bright.

There are well thought out spaces for gathering, relaxing, working or thinking, wining, dining and entertaining.

There is a breakfast room where a wall of three arched windows rises from gleaming pegged pine floors to a cathedral ceiling, guaranteeing the room will be bathed in early morning brightness.

The kitchen is thoughtfully designed and centrally located. The floors are pegged pine, the cabinets custom, and the counters are newly topped with granite, as is the island which has recently been fitted with a new gas cook top.

The kitchen flows into a capacious space that easily lends itself to use as informal dining or more general entertaining. The room is defined by seven floor to ceiling 32 pane windows and a glass door to the deck. The wood burning stove nestled in a corner opposite the windows lends an added comfort factor to the room.

A formal dining room is special enough to garner use even with todays typical hustle and bustle lifestyle. Located just off the kitchen, the raised panel wainscoting, the wood burning fireplace and built in china cabinet just may be enough to tempt the use of this room.

Across the hall from the dining room is the formal parlor. The detailed paneling, polished pine floors and wood burning fireplace invite both the casual or frequent guest.

The design of the library proves itself an ideal room to tuck into to work or just relax. The wood burning fireplace is complemented by raised paneling and the symmetrical floor to ceiling built in shelving is ideal for display of books or trophys of any sort. An abundance of windows, French doors to the outdoor deck, and newly refinished pegged pine floors make this a true destination room.

The media room is intelligently located just off the main wing of the house, where a little overzealous use of the volume control may be less noticeable than in other residences. This is a sizable room, perfect for large scale HD viewing. The room is pre-wired for audio and has substantial custom built in cabinetry.

The center stairs rise to the second floor where there are two bedrooms that share a full bath with double vanities. Each bedroom benefits from a floor to ceiling 32 pane window.

Also on the second floor, the master suite has wonderful natural light, pegged pine floors, a fireplace with raised panel detailing, dual closets, and attached master bathroom with dual vanities, shower and separate whirlpool bath.

Additional living space awaits on the third floor which would serve equally well as a master suite or guest suite. There is a separate bedroom area and sitting area, both of which boast full dormer windows with window seats and built-ins. There is a full bath with multiple vanities off the bedroom area.

There is a three bay garage that is conveniently accessed via a tiled mudroom. Just around the corner from the mudroom is a 3/4 bath. The bath happens to be ideally placed should a future owner desire to install a swimming pool. The basement provides a wine cellar as well as tremendous storage capacity. There is an invisible fencing system installed as well as an irrigation system.

Recent renovations and updates made by the owner surpassed the six figure mark, documentation is available upon request.

This outstanding home represents an extraordinary opportunity for a turn-key residence in an exceptional neighborhood.

Thirteen Pond Path is exclusively brokered by Michael Bean, Principal Broker of The Bean Group.

To schedule a tour of this property or other fine Seacoast properties contact Michael Bean directly at (603) 661-0021 or michaelbean.com.

North Hampton, NH - Single Family Home Sales - 2007 Recap

There were two significant sales along the Atlantic Avenue corridor. An 8,000 SF estate on Dancer’s Image Lane sold for $4,000,000 and a 6,800 SF residence on Atlantic Ave sold for $2.7MM. A third home along Atlantic sold for $1,050,000.

Overall nearly 20% of the properties sold in North Hampton were north of the $1,000,000 mark - including a property on Cotton Farm Lane in The Boulders that changed hands twice in 2007. An oceanfront beach house on Ocean Blvd sold for $1.56 Million. There were three sales on Mill Road that were over seven figures and another sale that was close to that mark at $945,000.

There were three sales on Squier Drive in Mill Place, an upscale neighborhood with wide winding streets and sizable custom homes just off of Mill Road. Sold prices ranged from $935,000 to $1,060,000.

Throughout the year a total of 98 houses were put on the market with an average asking price of $853,375. If you are curious - there were 114 houses that came on the market the previous year.

North Hampton sales up in 2007

In all there were 54 homes that sold in 2007, up from 33 closings in 2006 - a 64% bump up in transaction volume year over year. The average listing price was also up 23.1% to $753,138. Average selling price up as well 18.5%.

What was down?

The difference between the last asking price and the selling price widened to 9.1%, partially due to the two most expensive home sales - one sold for $595,000 below last asking price and the other sold for $790,000 below the last reported asking price.

The average time on market stretched out to 179 days, 27.9% longer than in 2006.

Am I missing something you are interested in? Take a moment to comment below!

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