In August, Rye Oceanfront Sale Breaks $2.3MM While Ocean Views See $1.7MM

Rye NH - August 2007
Real Estate Market Report

An oceanfront home on Old Beach Road in Rye established the top sales price in August when it sold for $2,305,000. A classic Ocean Boulevard beach home on two acres with bold ocean views sold for $1,700,000.

There were ten closed sales in all during the month of August. The average selling price was $803,250, which was 91.2% of the asking price on average. Time on market averaged 173 days.

Seven properties went under contract for sale with an average listing price of $725,714.

9 properties were listed for sale in August with an average listing price of $1,116,433.

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