Condominiums Sold For 97.7% Of Asking Price On Average In July

Portsmouth NH - July 2007
Condominium and Town Home Market Report

26 condos went up for sale in July with an average asking price of $406,256 which was up significantly over the June average listing price of $283,900.

New contracts were down nearly 50% from June. 13 condos went to contract with an average listing price of $333,154.

14 condo sales closed at an average of 97.7% of the asking price. The average sales price for closed units was $301,667.

$560,000 set the top end of the scale with the sale of a new construction downtown luxury 2 bedroom condo. Other July sales included three at Tidewatch and three at Springbrook.

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