Rye New Hampshire Housing Market Report for May 2008
There were seven home sales last month in Rye, which was a slight increase in transaction volume over 2007. The average sale price of homes in Rye last month was $478,929 down more than 70% from May 2007 when there were five sales with an average sales price of $1,686,700. These numbers aren’t as bad as they seem at first glance as the sale of an oceanfront home in Rye set a record last May. Adjusting the record sale out brought last May’s average home sales price in Rye to $445,580.
The high end may see a glimpse of hope in the coming months - there were seven pending sales reported last month with an average listing price of $1,236,414.
May 2008 - Homes Sold in Rye NH
415 Brackett Road, Sold for $315,000
6 Huntervale Ave, Sold for $292,500
538 Wallis Road, Sold for $300,000
88 Alehson Street, Sold for $430,000
18 Baker Ave, Sold for $560,000
20 Geremia Street, Sold for $690,000
15 Parkridge, Sold for $765,000
For Sale - Current Rye Home Inventory
There are currently 67 homes for sale in Rye with an average listing price of $1,302,975 and an average of 218 days on the market. 17 homes were put on the market in May with an average listing price of $915,000.
New And Notable Listings In Rye Last Month
The “Tea Room” at Straws Point came on the market for $2,500,000, 20 South Road in Rye Beach listed at $2,300,000, and across the street from Wentworth By The Sea Country Club at 27 Wentworth Road a new construction condominium was listed for $2,300,000.
Based on information from the Northern New England Real Estate Network, Inc. for the period May 1, 2007 to May 31, 2007 and May 1, 2008 to May 31, 2008.
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